Crypto.com Announces a Partnership With Xfers ...

Why i’m bullish on Zilliqa (long read)

Edit: TL;DR added in the comments
 
Hey all, I've been researching coins since 2017 and have gone through 100s of them in the last 3 years. I got introduced to blockchain via Bitcoin of course, analyzed Ethereum thereafter and from that moment I have a keen interest in smart contact platforms. I’m passionate about Ethereum but I find Zilliqa to have a better risk-reward ratio. Especially because Zilliqa has found an elegant balance between being secure, decentralized and scalable in my opinion.
 
Below I post my analysis of why from all the coins I went through I’m most bullish on Zilliqa (yes I went through Tezos, EOS, NEO, VeChain, Harmony, Algorand, Cardano etc.). Note that this is not investment advice and although it's a thorough analysis there is obviously some bias involved. Looking forward to what you all think!
 
Fun fact: the name Zilliqa is a play on ‘silica’ silicon dioxide which means “Silicon for the high-throughput consensus computer.”
 
This post is divided into (i) Technology, (ii) Business & Partnerships, and (iii) Marketing & Community. I’ve tried to make the technology part readable for a broad audience. If you’ve ever tried understanding the inner workings of Bitcoin and Ethereum you should be able to grasp most parts. Otherwise, just skim through and once you are zoning out head to the next part.
 
Technology and some more:
 
Introduction
 
The technology is one of the main reasons why I’m so bullish on Zilliqa. First thing you see on their website is: “Zilliqa is a high-performance, high-security blockchain platform for enterprises and next-generation applications.” These are some bold statements.
 
Before we deep dive into the technology let’s take a step back in time first as they have quite the history. The initial research paper from which Zilliqa originated dates back to August 2016: Elastico: A Secure Sharding Protocol For Open Blockchains where Loi Luu (Kyber Network) is one of the co-authors. Other ideas that led to the development of what Zilliqa has become today are: Bitcoin-NG, collective signing CoSi, ByzCoin and Omniledger.
 
The technical white paper was made public in August 2017 and since then they have achieved everything stated in the white paper and also created their own open source intermediate level smart contract language called Scilla (functional programming language similar to OCaml) too.
 
Mainnet is live since the end of January 2019 with daily transaction rates growing continuously. About a week ago mainnet reached 5 million transactions, 500.000+ addresses in total along with 2400 nodes keeping the network decentralized and secure. Circulating supply is nearing 11 billion and currently only mining rewards are left. The maximum supply is 21 billion with annual inflation being 7.13% currently and will only decrease with time.
 
Zilliqa realized early on that the usage of public cryptocurrencies and smart contracts were increasing but decentralized, secure, and scalable alternatives were lacking in the crypto space. They proposed to apply sharding onto a public smart contract blockchain where the transaction rate increases almost linear with the increase in the amount of nodes. More nodes = higher transaction throughput and increased decentralization. Sharding comes in many forms and Zilliqa uses network-, transaction- and computational sharding. Network sharding opens up the possibility of using transaction- and computational sharding on top. Zilliqa does not use state sharding for now. We’ll come back to this later.
 
Before we continue dissecting how Zilliqa achieves such from a technological standpoint it’s good to keep in mind that a blockchain being decentralised and secure and scalable is still one of the main hurdles in allowing widespread usage of decentralised networks. In my opinion this needs to be solved first before blockchains can get to the point where they can create and add large scale value. So I invite you to read the next section to grasp the underlying fundamentals. Because after all these premises need to be true otherwise there isn’t a fundamental case to be bullish on Zilliqa, right?
 
Down the rabbit hole
 
How have they achieved this? Let’s define the basics first: key players on Zilliqa are the users and the miners. A user is anybody who uses the blockchain to transfer funds or run smart contracts. Miners are the (shard) nodes in the network who run the consensus protocol and get rewarded for their service in Zillings (ZIL). The mining network is divided into several smaller networks called shards, which is also referred to as ‘network sharding’. Miners subsequently are randomly assigned to a shard by another set of miners called DS (Directory Service) nodes. The regular shards process transactions and the outputs of these shards are eventually combined by the DS shard as they reach consensus on the final state. More on how these DS shards reach consensus (via pBFT) will be explained later on.
 
The Zilliqa network produces two types of blocks: DS blocks and Tx blocks. One DS Block consists of 100 Tx Blocks. And as previously mentioned there are two types of nodes concerned with reaching consensus: shard nodes and DS nodes. Becoming a shard node or DS node is being defined by the result of a PoW cycle (Ethash) at the beginning of the DS Block. All candidate mining nodes compete with each other and run the PoW (Proof-of-Work) cycle for 60 seconds and the submissions achieving the highest difficulty will be allowed on the network. And to put it in perspective: the average difficulty for one DS node is ~ 2 Th/s equaling 2.000.000 Mh/s or 55 thousand+ GeForce GTX 1070 / 8 GB GPUs at 35.4 Mh/s. Each DS Block 10 new DS nodes are allowed. And a shard node needs to provide around 8.53 GH/s currently (around 240 GTX 1070s). Dual mining ETH/ETC and ZIL is possible and can be done via mining software such as Phoenix and Claymore. There are pools and if you have large amounts of hashing power (Ethash) available you could mine solo.
 
The PoW cycle of 60 seconds is a peak performance and acts as an entry ticket to the network. The entry ticket is called a sybil resistance mechanism and makes it incredibly hard for adversaries to spawn lots of identities and manipulate the network with these identities. And after every 100 Tx Blocks which corresponds to roughly 1,5 hour this PoW process repeats. In between these 1,5 hour, no PoW needs to be done meaning Zilliqa’s energy consumption to keep the network secure is low. For more detailed information on how mining works click here.
Okay, hats off to you. You have made it this far. Before we go any deeper down the rabbit hole we first must understand why Zilliqa goes through all of the above technicalities and understand a bit more what a blockchain on a more fundamental level is. Because the core of Zilliqa’s consensus protocol relies on the usage of pBFT (practical Byzantine Fault Tolerance) we need to know more about state machines and their function. Navigate to Viewblock, a Zilliqa block explorer, and just come back to this article. We will use this site to navigate through a few concepts.
 
We have established that Zilliqa is a public and distributed blockchain. Meaning that everyone with an internet connection can send ZILs, trigger smart contracts, etc. and there is no central authority who fully controls the network. Zilliqa and other public and distributed blockchains (like Bitcoin and Ethereum) can also be defined as state machines.
 
Taking the liberty of paraphrasing examples and definitions given by Samuel Brooks’ medium article, he describes the definition of a blockchain (like Zilliqa) as: “A peer-to-peer, append-only datastore that uses consensus to synchronize cryptographically-secure data”.
 
Next, he states that: "blockchains are fundamentally systems for managing valid state transitions”. For some more context, I recommend reading the whole medium article to get a better grasp of the definitions and understanding of state machines. Nevertheless, let’s try to simplify and compile it into a single paragraph. Take traffic lights as an example: all its states (red, amber, and green) are predefined, all possible outcomes are known and it doesn’t matter if you encounter the traffic light today or tomorrow. It will still behave the same. Managing the states of a traffic light can be done by triggering a sensor on the road or pushing a button resulting in one traffic lights’ state going from green to red (via amber) and another light from red to green.
 
With public blockchains like Zilliqa, this isn’t so straightforward and simple. It started with block #1 almost 1,5 years ago and every 45 seconds or so a new block linked to the previous block is being added. Resulting in a chain of blocks with transactions in it that everyone can verify from block #1 to the current #647.000+ block. The state is ever changing and the states it can find itself in are infinite. And while the traffic light might work together in tandem with various other traffic lights, it’s rather insignificant comparing it to a public blockchain. Because Zilliqa consists of 2400 nodes who need to work together to achieve consensus on what the latest valid state is while some of these nodes may have latency or broadcast issues, drop offline or are deliberately trying to attack the network, etc.
 
Now go back to the Viewblock page take a look at the amount of transaction, addresses, block and DS height and then hit refresh. Obviously as expected you see new incremented values on one or all parameters. And how did the Zilliqa blockchain manage to transition from a previous valid state to the latest valid state? By using pBFT to reach consensus on the latest valid state.
 
After having obtained the entry ticket, miners execute pBFT to reach consensus on the ever-changing state of the blockchain. pBFT requires a series of network communication between nodes, and as such there is no GPU involved (but CPU). Resulting in the total energy consumed to keep the blockchain secure, decentralized and scalable being low.
 
pBFT stands for practical Byzantine Fault Tolerance and is an optimization on the Byzantine Fault Tolerant algorithm. To quote Blockonomi: “In the context of distributed systems, Byzantine Fault Tolerance is the ability of a distributed computer network to function as desired and correctly reach a sufficient consensus despite malicious components (nodes) of the system failing or propagating incorrect information to other peers.” Zilliqa is such a distributed computer network and depends on the honesty of the nodes (shard and DS) to reach consensus and to continuously update the state with the latest block. If pBFT is a new term for you I can highly recommend the Blockonomi article.
 
The idea of pBFT was introduced in 1999 - one of the authors even won a Turing award for it - and it is well researched and applied in various blockchains and distributed systems nowadays. If you want more advanced information than the Blockonomi link provides click here. And if you’re in between Blockonomi and the University of Singapore read the Zilliqa Design Story Part 2 dating from October 2017.
Quoting from the Zilliqa tech whitepaper: “pBFT relies upon a correct leader (which is randomly selected) to begin each phase and proceed when the sufficient majority exists. In case the leader is byzantine it can stall the entire consensus protocol. To address this challenge, pBFT offers a view change protocol to replace the byzantine leader with another one.”
 
pBFT can tolerate ⅓ of the nodes being dishonest (offline counts as Byzantine = dishonest) and the consensus protocol will function without stalling or hiccups. Once there are more than ⅓ of dishonest nodes but no more than ⅔ the network will be stalled and a view change will be triggered to elect a new DS leader. Only when more than ⅔ of the nodes are dishonest (66%) double-spend attacks become possible.
 
If the network stalls no transactions can be processed and one has to wait until a new honest leader has been elected. When the mainnet was just launched and in its early phases, view changes happened regularly. As of today the last stalling of the network - and view change being triggered - was at the end of October 2019.
 
Another benefit of using pBFT for consensus besides low energy is the immediate finality it provides. Once your transaction is included in a block and the block is added to the chain it’s done. Lastly, take a look at this article where three types of finality are being defined: probabilistic, absolute and economic finality. Zilliqa falls under the absolute finality (just like Tendermint for example). Although lengthy already we skipped through some of the inner workings from Zilliqa’s consensus: read the Zilliqa Design Story Part 3 and you will be close to having a complete picture on it. Enough about PoW, sybil resistance mechanism, pBFT, etc. Another thing we haven’t looked at yet is the amount of decentralization.
 
Decentralisation
 
Currently, there are four shards, each one of them consisting of 600 nodes. 1 shard with 600 so-called DS nodes (Directory Service - they need to achieve a higher difficulty than shard nodes) and 1800 shard nodes of which 250 are shard guards (centralized nodes controlled by the team). The amount of shard guards has been steadily declining from 1200 in January 2019 to 250 as of May 2020. On the Viewblock statistics, you can see that many of the nodes are being located in the US but those are only the (CPU parts of the) shard nodes who perform pBFT. There is no data from where the PoW sources are coming. And when the Zilliqa blockchain starts reaching its transaction capacity limit, a network upgrade needs to be executed to lift the current cap of maximum 2400 nodes to allow more nodes and formation of more shards which will allow to network to keep on scaling according to demand.
Besides shard nodes there are also seed nodes. The main role of seed nodes is to serve as direct access points (for end-users and clients) to the core Zilliqa network that validates transactions. Seed nodes consolidate transaction requests and forward these to the lookup nodes (another type of nodes) for distribution to the shards in the network. Seed nodes also maintain the entire transaction history and the global state of the blockchain which is needed to provide services such as block explorers. Seed nodes in the Zilliqa network are comparable to Infura on Ethereum.
 
The seed nodes were first only operated by Zilliqa themselves, exchanges and Viewblock. Operators of seed nodes like exchanges had no incentive to open them for the greater public. They were centralised at first. Decentralisation at the seed nodes level has been steadily rolled out since March 2020 ( Zilliqa Improvement Proposal 3 ). Currently the amount of seed nodes is being increased, they are public-facing and at the same time PoS is applied to incentivize seed node operators and make it possible for ZIL holders to stake and earn passive yields. Important distinction: seed nodes are not involved with consensus! That is still PoW as entry ticket and pBFT for the actual consensus.
 
5% of the block rewards are being assigned to seed nodes (from the beginning in 2019) and those are being used to pay out ZIL stakers. The 5% block rewards with an annual yield of 10.03% translate to roughly 610 MM ZILs in total that can be staked. Exchanges use the custodial variant of staking and wallets like Moonlet will use the non-custodial version (starting in Q3 2020). Staking is being done by sending ZILs to a smart contract created by Zilliqa and audited by Quantstamp.
 
With a high amount of DS; shard nodes and seed nodes becoming more decentralized too, Zilliqa qualifies for the label of decentralized in my opinion.
 
Smart contracts
 
Let me start by saying I’m not a developer and my programming skills are quite limited. So I‘m taking the ELI5 route (maybe 12) but if you are familiar with Javascript, Solidity or specifically OCaml please head straight to Scilla - read the docs to get a good initial grasp of how Zilliqa’s smart contract language Scilla works and if you ask yourself “why another programming language?” check this article. And if you want to play around with some sample contracts in an IDE click here. The faucet can be found here. And more information on architecture, dapp development and API can be found on the Developer Portal.
If you are more into listening and watching: check this recent webinar explaining Zilliqa and Scilla. Link is time-stamped so you’ll start right away with a platform introduction, roadmap 2020 and afterwards a proper Scilla introduction.
 
Generalized: programming languages can be divided into being ‘object-oriented’ or ‘functional’. Here is an ELI5 given by software development academy: * “all programs have two basic components, data – what the program knows – and behavior – what the program can do with that data. So object-oriented programming states that combining data and related behaviors in one place, is called “object”, which makes it easier to understand how a particular program works. On the other hand, functional programming argues that data and behavior are different things and should be separated to ensure their clarity.” *
 
Scilla is on the functional side and shares similarities with OCaml: OCaml is a general-purpose programming language with an emphasis on expressiveness and safety. It has an advanced type system that helps catch your mistakes without getting in your way. It's used in environments where a single mistake can cost millions and speed matters, is supported by an active community, and has a rich set of libraries and development tools. For all its power, OCaml is also pretty simple, which is one reason it's often used as a teaching language.
 
Scilla is blockchain agnostic, can be implemented onto other blockchains as well, is recognized by academics and won a so-called Distinguished Artifact Award award at the end of last year.
 
One of the reasons why the Zilliqa team decided to create their own programming language focused on preventing smart contract vulnerabilities is that adding logic on a blockchain, programming, means that you cannot afford to make mistakes. Otherwise, it could cost you. It’s all great and fun blockchains being immutable but updating your code because you found a bug isn’t the same as with a regular web application for example. And with smart contracts, it inherently involves cryptocurrencies in some form thus value.
 
Another difference with programming languages on a blockchain is gas. Every transaction you do on a smart contract platform like Zilliqa or Ethereum costs gas. With gas you basically pay for computational costs. Sending a ZIL from address A to address B costs 0.001 ZIL currently. Smart contracts are more complex, often involve various functions and require more gas (if gas is a new concept click here ).
 
So with Scilla, similar to Solidity, you need to make sure that “every function in your smart contract will run as expected without hitting gas limits. An improper resource analysis may lead to situations where funds may get stuck simply because a part of the smart contract code cannot be executed due to gas limits. Such constraints are not present in traditional software systems”. Scilla design story part 1
 
Some examples of smart contract issues you’d want to avoid are: leaking funds, ‘unexpected changes to critical state variables’ (example: someone other than you setting his or her address as the owner of the smart contract after creation) or simply killing a contract.
 
Scilla also allows for formal verification. Wikipedia to the rescue: In the context of hardware and software systems, formal verification is the act of proving or disproving the correctness of intended algorithms underlying a system with respect to a certain formal specification or property, using formal methods of mathematics.
 
Formal verification can be helpful in proving the correctness of systems such as: cryptographic protocols, combinational circuits, digital circuits with internal memory, and software expressed as source code.
 
Scilla is being developed hand-in-hand with formalization of its semantics and its embedding into the Coq proof assistant — a state-of-the art tool for mechanized proofs about properties of programs.”
 
Simply put, with Scilla and accompanying tooling developers can be mathematically sure and proof that the smart contract they’ve written does what he or she intends it to do.
 
Smart contract on a sharded environment and state sharding
 
There is one more topic I’d like to touch on: smart contract execution in a sharded environment (and what is the effect of state sharding). This is a complex topic. I’m not able to explain it any easier than what is posted here. But I will try to compress the post into something easy to digest.
 
Earlier on we have established that Zilliqa can process transactions in parallel due to network sharding. This is where the linear scalability comes from. We can define simple transactions: a transaction from address A to B (Category 1), a transaction where a user interacts with one smart contract (Category 2) and the most complex ones where triggering a transaction results in multiple smart contracts being involved (Category 3). The shards are able to process transactions on their own without interference of the other shards. With Category 1 transactions that is doable, with Category 2 transactions sometimes if that address is in the same shard as the smart contract but with Category 3 you definitely need communication between the shards. Solving that requires to make a set of communication rules the protocol needs to follow in order to process all transactions in a generalised fashion.
 
And this is where the downsides of state sharding comes in currently. All shards in Zilliqa have access to the complete state. Yes the state size (0.1 GB at the moment) grows and all of the nodes need to store it but it also means that they don’t need to shop around for information available on other shards. Requiring more communication and adding more complexity. Computer science knowledge and/or developer knowledge required links if you want to dig further: Scilla - language grammar Scilla - Foundations for Verifiable Decentralised Computations on a Blockchain Gas Accounting NUS x Zilliqa: Smart contract language workshop
 
Easier to follow links on programming Scilla https://learnscilla.com/home Ivan on Tech
 
Roadmap / Zilliqa 2.0
 
There is no strict defined roadmap but here are topics being worked on. And via the Zilliqa website there is also more information on the projects they are working on.
 
Business & Partnerships
 
It’s not only technology in which Zilliqa seems to be excelling as their ecosystem has been expanding and starting to grow rapidly. The project is on a mission to provide OpenFinance (OpFi) to the world and Singapore is the right place to be due to its progressive regulations and futuristic thinking. Singapore has taken a proactive approach towards cryptocurrencies by introducing the Payment Services Act 2019 (PS Act). Among other things, the PS Act will regulate intermediaries dealing with certain cryptocurrencies, with a particular focus on consumer protection and anti-money laundering. It will also provide a stable regulatory licensing and operating framework for cryptocurrency entities, effectively covering all crypto businesses and exchanges based in Singapore. According to PWC 82% of the surveyed executives in Singapore reported blockchain initiatives underway and 13% of them have already brought the initiatives live to the market. There is also an increasing list of organizations that are starting to provide digital payment services. Moreover, Singaporean blockchain developers Building Cities Beyond has recently created an innovation $15 million grant to encourage development on its ecosystem. This all suggests that Singapore tries to position itself as (one of) the leading blockchain hubs in the world.
 
Zilliqa seems to already take advantage of this and recently helped launch Hg Exchange on their platform, together with financial institutions PhillipCapital, PrimePartners and Fundnel. Hg Exchange, which is now approved by the Monetary Authority of Singapore (MAS), uses smart contracts to represent digital assets. Through Hg Exchange financial institutions worldwide can use Zilliqa's safe-by-design smart contracts to enable the trading of private equities. For example, think of companies such as Grab, Airbnb, SpaceX that are not available for public trading right now. Hg Exchange will allow investors to buy shares of private companies & unicorns and capture their value before an IPO. Anquan, the main company behind Zilliqa, has also recently announced that they became a partner and shareholder in TEN31 Bank, which is a fully regulated bank allowing for tokenization of assets and is aiming to bridge the gap between conventional banking and the blockchain world. If STOs, the tokenization of assets, and equity trading will continue to increase, then Zilliqa’s public blockchain would be the ideal candidate due to its strategic positioning, partnerships, regulatory compliance and the technology that is being built on top of it.
 
What is also very encouraging is their focus on banking the un(der)banked. They are launching a stablecoin basket starting with XSGD. As many of you know, stablecoins are currently mostly used for trading. However, Zilliqa is actively trying to broaden the use case of stablecoins. I recommend everybody to read this text that Amrit Kumar wrote (one of the co-founders). These stablecoins will be integrated in the traditional markets and bridge the gap between the crypto world and the traditional world. This could potentially revolutionize and legitimise the crypto space if retailers and companies will for example start to use stablecoins for payments or remittances, instead of it solely being used for trading.
 
Zilliqa also released their DeFi strategic roadmap (dating November 2019) which seems to be aligning well with their OpFi strategy. A non-custodial DEX is coming to Zilliqa made by Switcheo which allows cross-chain trading (atomic swaps) between ETH, EOS and ZIL based tokens. They also signed a Memorandum of Understanding for a (soon to be announced) USD stablecoin. And as Zilliqa is all about regulations and being compliant, I’m speculating on it to be a regulated USD stablecoin. Furthermore, XSGD is already created and visible on block explorer and XIDR (Indonesian Stablecoin) is also coming soon via StraitsX. Here also an overview of the Tech Stack for Financial Applications from September 2019. Further quoting Amrit Kumar on this:
 
There are two basic building blocks in DeFi/OpFi though: 1) stablecoins as you need a non-volatile currency to get access to this market and 2) a dex to be able to trade all these financial assets. The rest are built on top of these blocks.
 
So far, together with our partners and community, we have worked on developing these building blocks with XSGD as a stablecoin. We are working on bringing a USD-backed stablecoin as well. We will soon have a decentralised exchange developed by Switcheo. And with HGX going live, we are also venturing into the tokenization space. More to come in the future.”
 
Additionally, they also have this ZILHive initiative that injects capital into projects. There have been already 6 waves of various teams working on infrastructure, innovation and research, and they are not from ASEAN or Singapore only but global: see Grantees breakdown by country. Over 60 project teams from over 20 countries have contributed to Zilliqa's ecosystem. This includes individuals and teams developing wallets, explorers, developer toolkits, smart contract testing frameworks, dapps, etc. As some of you may know, Unstoppable Domains (UD) blew up when they launched on Zilliqa. UD aims to replace cryptocurrency addresses with a human-readable name and allows for uncensorable websites. Zilliqa will probably be the only one able to handle all these transactions onchain due to ability to scale and its resulting low fees which is why the UD team launched this on Zilliqa in the first place. Furthermore, Zilliqa also has a strong emphasis on security, compliance, and privacy, which is why they partnered with companies like Elliptic, ChainSecurity (part of PwC Switzerland), and Incognito. Their sister company Aqilliz (Zilliqa spelled backwards) focuses on revolutionizing the digital advertising space and is doing interesting things like using Zilliqa to track outdoor digital ads with companies like Foodpanda.
 
Zilliqa is listed on nearly all major exchanges, having several different fiat-gateways and recently have been added to Binance’s margin trading and futures trading with really good volume. They also have a very impressive team with good credentials and experience. They don't just have “tech people”. They have a mix of tech people, business people, marketeers, scientists, and more. Naturally, it's good to have a mix of people with different skill sets if you work in the crypto space.
 
Marketing & Community
 
Zilliqa has a very strong community. If you just follow their Twitter their engagement is much higher for a coin that has approximately 80k followers. They also have been ‘coin of the day’ by LunarCrush many times. LunarCrush tracks real-time cryptocurrency value and social data. According to their data, it seems Zilliqa has a more fundamental and deeper understanding of marketing and community engagement than almost all other coins. While almost all coins have been a bit frozen in the last months, Zilliqa seems to be on its own bull run. It was somewhere in the 100s a few months ago and is currently ranked #46 on CoinGecko. Their official Telegram also has over 20k people and is very active, and their community channel which is over 7k now is more active and larger than many other official channels. Their local communities also seem to be growing.
 
Moreover, their community started ‘Zillacracy’ together with the Zilliqa core team ( see www.zillacracy.com ). It’s a community-run initiative where people from all over the world are now helping with marketing and development on Zilliqa. Since its launch in February 2020 they have been doing a lot and will also run their own non-custodial seed node for staking. This seed node will also allow them to start generating revenue for them to become a self sustaining entity that could potentially scale up to become a decentralized company working in parallel with the Zilliqa core team. Comparing it to all the other smart contract platforms (e.g. Cardano, EOS, Tezos etc.) they don't seem to have started a similar initiative (correct me if I’m wrong though). This suggests in my opinion that these other smart contract platforms do not fully understand how to utilize the ‘power of the community’. This is something you cannot ‘buy with money’ and gives many projects in the space a disadvantage.
 
Zilliqa also released two social products called SocialPay and Zeeves. SocialPay allows users to earn ZILs while tweeting with a specific hashtag. They have recently used it in partnership with the Singapore Red Cross for a marketing campaign after their initial pilot program. It seems like a very valuable social product with a good use case. I can see a lot of traditional companies entering the space through this product, which they seem to suggest will happen. Tokenizing hashtags with smart contracts to get network effect is a very smart and innovative idea.
 
Regarding Zeeves, this is a tipping bot for Telegram. They already have 1000s of signups and they plan to keep upgrading it for more and more people to use it (e.g. they recently have added a quiz features). They also use it during AMAs to reward people in real-time. It’s a very smart approach to grow their communities and get familiar with ZIL. I can see this becoming very big on Telegram. This tool suggests, again, that the Zilliqa team has a deeper understanding of what the crypto space and community needs and is good at finding the right innovative tools to grow and scale.
 
To be honest, I haven’t covered everything (i’m also reaching the character limited haha). So many updates happening lately that it's hard to keep up, such as the International Monetary Fund mentioning Zilliqa in their report, custodial and non-custodial Staking, Binance Margin, Futures, Widget, entering the Indian market, and more. The Head of Marketing Colin Miles has also released this as an overview of what is coming next. And last but not least, Vitalik Buterin has been mentioning Zilliqa lately acknowledging Zilliqa and mentioning that both projects have a lot of room to grow. There is much more info of course and a good part of it has been served to you on a silver platter. I invite you to continue researching by yourself :-) And if you have any comments or questions please post here!
submitted by haveyouheardaboutit to CryptoCurrency [link] [comments]

Why i’m bullish on Zilliqa (long read)

Hey all, I've been researching coins since 2017 and have gone through 100s of them in the last 3 years. I got introduced to blockchain via Bitcoin of course, analysed Ethereum thereafter and from that moment I have a keen interest in smart contact platforms. I’m passionate about Ethereum but I find Zilliqa to have a better risk reward ratio. Especially because Zilliqa has found an elegant balance between being secure, decentralised and scalable in my opinion.
 
Below I post my analysis why from all the coins I went through I’m most bullish on Zilliqa (yes I went through Tezos, EOS, NEO, VeChain, Harmony, Algorand, Cardano etc.). Note that this is not investment advice and although it's a thorough analysis there is obviously some bias involved. Looking forward to what you all think!
 
Fun fact: the name Zilliqa is a play on ‘silica’ silicon dioxide which means “Silicon for the high-throughput consensus computer.”
 
This post is divided into (i) Technology, (ii) Business & Partnerships, and (iii) Marketing & Community. I’ve tried to make the technology part readable for a broad audience. If you’ve ever tried understanding the inner workings of Bitcoin and Ethereum you should be able to grasp most parts. Otherwise just skim through and once you are zoning out head to the next part.
 
Technology and some more:
 
Introduction The technology is one of the main reasons why I’m so bullish on Zilliqa. First thing you see on their website is: “Zilliqa is a high-performance, high-security blockchain platform for enterprises and next-generation applications.” These are some bold statements.
 
Before we deep dive into the technology let’s take a step back in time first as they have quite the history. The initial research paper from which Zilliqa originated dates back to August 2016: Elastico: A Secure Sharding Protocol For Open Blockchains where Loi Luu (Kyber Network) is one of the co-authors. Other ideas that led to the development of what Zilliqa has become today are: Bitcoin-NG, collective signing CoSi, ByzCoin and Omniledger.
 
The technical white paper was made public in August 2017 and since then they have achieved everything stated in the white paper and also created their own open source intermediate level smart contract language called Scilla (functional programming language similar to OCaml) too.
 
Mainnet is live since end of January 2019 with daily transaction rate growing continuously. About a week ago mainnet reached 5 million transactions, 500.000+ addresses in total along with 2400 nodes keeping the network decentralised and secure. Circulating supply is nearing 11 billion and currently only mining rewards are left. Maximum supply is 21 billion with annual inflation being 7.13% currently and will only decrease with time.
 
Zilliqa realised early on that the usage of public cryptocurrencies and smart contracts were increasing but decentralised, secure and scalable alternatives were lacking in the crypto space. They proposed to apply sharding onto a public smart contract blockchain where the transaction rate increases almost linear with the increase in amount of nodes. More nodes = higher transaction throughput and increased decentralisation. Sharding comes in many forms and Zilliqa uses network-, transaction- and computational sharding. Network sharding opens up the possibility of using transaction- and computational sharding on top. Zilliqa does not use state sharding for now. We’ll come back to this later.
 
Before we continue disecting how Zilliqa achieves such from a technological standpoint it’s good to keep in mind that a blockchain being decentralised and secure and scalable is still one of the main hurdles in allowing widespread usage of decentralised networks. In my opinion this needs to be solved first before blockchains can get to the point where they can create and add large scale value. So I invite you to read the next section to grasp the underlying fundamentals. Because after all these premises need to be true otherwise there isn’t a fundamental case to be bullish on Zilliqa, right?
 
Down the rabbit hole
 
How have they achieved this? Let’s define the basics first: key players on Zilliqa are the users and the miners. A user is anybody who uses the blockchain to transfer funds or run smart contracts. Miners are the (shard) nodes in the network who run the consensus protocol and get rewarded for their service in Zillings (ZIL). The mining network is divided into several smaller networks called shards, which is also referred to as ‘network sharding’. Miners subsequently are randomly assigned to a shard by another set of miners called DS (Directory Service) nodes. The regular shards process transactions and the outputs of these shards are eventually combined by the DS shard as they reach consensus on the final state. More on how these DS shards reach consensus (via pBFT) will be explained later on.
 
The Zilliqa network produces two types of blocks: DS blocks and Tx blocks. One DS Block consists of 100 Tx Blocks. And as previously mentioned there are two types of nodes concerned with reaching consensus: shard nodes and DS nodes. Becoming a shard node or DS node is being defined by the result of a PoW cycle (Ethash) at the beginning of the DS Block. All candidate mining nodes compete with each other and run the PoW (Proof-of-Work) cycle for 60 seconds and the submissions achieving the highest difficulty will be allowed on the network. And to put it in perspective: the average difficulty for one DS node is ~ 2 Th/s equaling 2.000.000 Mh/s or 55 thousand+ GeForce GTX 1070 / 8 GB GPUs at 35.4 Mh/s. Each DS Block 10 new DS nodes are allowed. And a shard node needs to provide around 8.53 GH/s currently (around 240 GTX 1070s). Dual mining ETH/ETC and ZIL is possible and can be done via mining software such as Phoenix and Claymore. There are pools and if you have large amounts of hashing power (Ethash) available you could mine solo.
 
The PoW cycle of 60 seconds is a peak performance and acts as an entry ticket to the network. The entry ticket is called a sybil resistance mechanism and makes it incredibly hard for adversaries to spawn lots of identities and manipulate the network with these identities. And after every 100 Tx Blocks which corresponds to roughly 1,5 hour this PoW process repeats. In between these 1,5 hour no PoW needs to be done meaning Zilliqa’s energy consumption to keep the network secure is low. For more detailed information on how mining works click here.
Okay, hats off to you. You have made it this far. Before we go any deeper down the rabbit hole we first must understand why Zilliqa goes through all of the above technicalities and understand a bit more what a blockchain on a more fundamental level is. Because the core of Zilliqa’s consensus protocol relies on the usage of pBFT (practical Byzantine Fault Tolerance) we need to know more about state machines and their function. Navigate to Viewblock, a Zilliqa block explorer, and just come back to this article. We will use this site to navigate through a few concepts.
 
We have established that Zilliqa is a public and distributed blockchain. Meaning that everyone with an internet connection can send ZILs, trigger smart contracts etc. and there is no central authority who fully controls the network. Zilliqa and other public and distributed blockchains (like Bitcoin and Ethereum) can also be defined as state machines.
 
Taking the liberty of paraphrasing examples and definitions given by Samuel Brooks’ medium article, he describes the definition of a blockchain (like Zilliqa) as:
“A peer-to-peer, append-only datastore that uses consensus to synchronise cryptographically-secure data”.
 
Next he states that: >“blockchains are fundamentally systems for managing valid state transitions”.* For some more context, I recommend reading the whole medium article to get a better grasp of the definitions and understanding of state machines. Nevertheless, let’s try to simplify and compile it into a single paragraph. Take traffic lights as an example: all its states (red, amber and green) are predefined, all possible outcomes are known and it doesn’t matter if you encounter the traffic light today or tomorrow. It will still behave the same. Managing the states of a traffic light can be done by triggering a sensor on the road or pushing a button resulting in one traffic lights’ state going from green to red (via amber) and another light from red to green.
 
With public blockchains like Zilliqa this isn’t so straightforward and simple. It started with block #1 almost 1,5 years ago and every 45 seconds or so a new block linked to the previous block is being added. Resulting in a chain of blocks with transactions in it that everyone can verify from block #1 to the current #647.000+ block. The state is ever changing and the states it can find itself in are infinite. And while the traffic light might work together in tandem with various other traffic lights, it’s rather insignificant comparing it to a public blockchain. Because Zilliqa consists of 2400 nodes who need to work together to achieve consensus on what the latest valid state is while some of these nodes may have latency or broadcast issues, drop offline or are deliberately trying to attack the network etc.
 
Now go back to the Viewblock page take a look at the amount of transaction, addresses, block and DS height and then hit refresh. Obviously as expected you see new incremented values on one or all parameters. And how did the Zilliqa blockchain manage to transition from a previous valid state to the latest valid state? By using pBFT to reach consensus on the latest valid state.
 
After having obtained the entry ticket, miners execute pBFT to reach consensus on the ever changing state of the blockchain. pBFT requires a series of network communication between nodes, and as such there is no GPU involved (but CPU). Resulting in the total energy consumed to keep the blockchain secure, decentralised and scalable being low.
 
pBFT stands for practical Byzantine Fault Tolerance and is an optimisation on the Byzantine Fault Tolerant algorithm. To quote Blockonomi: “In the context of distributed systems, Byzantine Fault Tolerance is the ability of a distributed computer network to function as desired and correctly reach a sufficient consensus despite malicious components (nodes) of the system failing or propagating incorrect information to other peers.” Zilliqa is such a distributed computer network and depends on the honesty of the nodes (shard and DS) to reach consensus and to continuously update the state with the latest block. If pBFT is a new term for you I can highly recommend the Blockonomi article.
 
The idea of pBFT was introduced in 1999 - one of the authors even won a Turing award for it - and it is well researched and applied in various blockchains and distributed systems nowadays. If you want more advanced information than the Blockonomi link provides click here. And if you’re in between Blockonomi and University of Singapore read the Zilliqa Design Story Part 2 dating from October 2017.
Quoting from the Zilliqa tech whitepaper: “pBFT relies upon a correct leader (which is randomly selected) to begin each phase and proceed when the sufficient majority exists. In case the leader is byzantine it can stall the entire consensus protocol. To address this challenge, pBFT offers a view change protocol to replace the byzantine leader with another one.”
 
pBFT can tolerate ⅓ of the nodes being dishonest (offline counts as Byzantine = dishonest) and the consensus protocol will function without stalling or hiccups. Once there are more than ⅓ of dishonest nodes but no more than ⅔ the network will be stalled and a view change will be triggered to elect a new DS leader. Only when more than ⅔ of the nodes are dishonest (>66%) double spend attacks become possible.
 
If the network stalls no transactions can be processed and one has to wait until a new honest leader has been elected. When the mainnet was just launched and in its early phases, view changes happened regularly. As of today the last stalling of the network - and view change being triggered - was at the end of October 2019.
 
Another benefit of using pBFT for consensus besides low energy is the immediate finality it provides. Once your transaction is included in a block and the block is added to the chain it’s done. Lastly, take a look at this article where three types of finality are being defined: probabilistic, absolute and economic finality. Zilliqa falls under the absolute finality (just like Tendermint for example). Although lengthy already we skipped through some of the inner workings from Zilliqa’s consensus: read the Zilliqa Design Story Part 3 and you will be close to having a complete picture on it. Enough about PoW, sybil resistance mechanism, pBFT etc. Another thing we haven’t looked at yet is the amount of decentralisation.
 
Decentralisation
 
Currently there are four shards, each one of them consisting of 600 nodes. 1 shard with 600 so called DS nodes (Directory Service - they need to achieve a higher difficulty than shard nodes) and 1800 shard nodes of which 250 are shard guards (centralised nodes controlled by the team). The amount of shard guards has been steadily declining from 1200 in January 2019 to 250 as of May 2020. On the Viewblock statistics you can see that many of the nodes are being located in the US but those are only the (CPU parts of the) shard nodes who perform pBFT. There is no data from where the PoW sources are coming. And when the Zilliqa blockchain starts reaching their transaction capacity limit, a network upgrade needs to be executed to lift the current cap of maximum 2400 nodes to allow more nodes and formation of more shards which will allow to network to keep on scaling according to demand.
Besides shard nodes there are also seed nodes. The main role of seed nodes is to serve as direct access points (for end users and clients) to the core Zilliqa network that validates transactions. Seed nodes consolidate transaction requests and forward these to the lookup nodes (another type of nodes) for distribution to the shards in the network. Seed nodes also maintain the entire transaction history and the global state of the blockchain which is needed to provide services such as block explorers. Seed nodes in the Zilliqa network are comparable to Infura on Ethereum.
 
The seed nodes were first only operated by Zilliqa themselves, exchanges and Viewblock. Operators of seed nodes like exchanges had no incentive to open them for the greater public.They were centralised at first. Decentralisation at the seed nodes level has been steadily rolled out since March 2020 ( Zilliqa Improvement Proposal 3 ). Currently the amount of seed nodes is being increased, they are public facing and at the same time PoS is applied to incentivize seed node operators and make it possible for ZIL holders to stake and earn passive yields. Important distinction: seed nodes are not involved with consensus! That is still PoW as entry ticket and pBFT for the actual consensus.
 
5% of the block rewards are being assigned to seed nodes (from the beginning in 2019) and those are being used to pay out ZIL stakers.The 5% block rewards with an annual yield of 10.03% translates to roughly 610 MM ZILs in total that can be staked. Exchanges use the custodial variant of staking and wallets like Moonlet will use the non custodial version (starting in Q3 2020). Staking is being done by sending ZILs to a smart contract created by Zilliqa and audited by Quantstamp.
 
With a high amount of DS & shard nodes and seed nodes becoming more decentralised too, Zilliqa qualifies for the label of decentralised in my opinion.
 
Smart contracts
 
Let me start by saying I’m not a developer and my programming skills are quite limited. So I‘m taking the ELI5 route (maybe 12) but if you are familiar with Javascript, Solidity or specifically OCaml please head straight to Scilla - read the docs to get a good initial grasp of how Zilliqa’s smart contract language Scilla works and if you ask yourself “why another programming language?” check this article. And if you want to play around with some sample contracts in an IDE click here. Faucet can be found here. And more information on architecture, dapp development and API can be found on the Developer Portal.
If you are more into listening and watching: check this recent webinar explaining Zilliqa and Scilla. Link is time stamped so you’ll start right away with a platform introduction, R&D roadmap 2020 and afterwards a proper Scilla introduction.
 
Generalised: programming languages can be divided into being ‘object oriented’ or ‘functional’. Here is an ELI5 given by software development academy: > “all programmes have two basic components, data – what the programme knows – and behaviour – what the programme can do with that data. So object-oriented programming states that combining data and related behaviours in one place, is called “object”, which makes it easier to understand how a particular program works. On the other hand, functional programming argues that data and behaviour are different things and should be separated to ensure their clarity.”
 
Scilla is on the functional side and shares similarities with OCaml: > OCaml is a general purpose programming language with an emphasis on expressiveness and safety. It has an advanced type system that helps catch your mistakes without getting in your way. It's used in environments where a single mistake can cost millions and speed matters, is supported by an active community, and has a rich set of libraries and development tools. For all its power, OCaml is also pretty simple, which is one reason it's often used as a teaching language.
 
Scilla is blockchain agnostic, can be implemented onto other blockchains as well, is recognised by academics and won a so called Distinguished Artifact Award award at the end of last year.
 
One of the reasons why the Zilliqa team decided to create their own programming language focused on preventing smart contract vulnerabilities safety is that adding logic on a blockchain, programming, means that you cannot afford to make mistakes. Otherwise it could cost you. It’s all great and fun blockchains being immutable but updating your code because you found a bug isn’t the same as with a regular web application for example. And with smart contracts it inherently involves cryptocurrencies in some form thus value.
 
Another difference with programming languages on a blockchain is gas. Every transaction you do on a smart contract platform like Zilliqa for Ethereum costs gas. With gas you basically pay for computational costs. Sending a ZIL from address A to address B costs 0.001 ZIL currently. Smart contracts are more complex, often involve various functions and require more gas (if gas is a new concept click here ).
 
So with Scilla, similar to Solidity, you need to make sure that “every function in your smart contract will run as expected without hitting gas limits. An improper resource analysis may lead to situations where funds may get stuck simply because a part of the smart contract code cannot be executed due to gas limits. Such constraints are not present in traditional software systems”. Scilla design story part 1
 
Some examples of smart contract issues you’d want to avoid are: leaking funds, ‘unexpected changes to critical state variables’ (example: someone other than you setting his or her address as the owner of the smart contract after creation) or simply killing a contract.
 
Scilla also allows for formal verification. Wikipedia to the rescue:
In the context of hardware and software systems, formal verification is the act of proving or disproving the correctness of intended algorithms underlying a system with respect to a certain formal specification or property, using formal methods of mathematics.
 
Formal verification can be helpful in proving the correctness of systems such as: cryptographic protocols, combinational circuits, digital circuits with internal memory, and software expressed as source code.
 
Scilla is being developed hand-in-hand with formalization of its semantics and its embedding into the Coq proof assistant — a state-of-the art tool for mechanized proofs about properties of programs.”
 
Simply put, with Scilla and accompanying tooling developers can be mathematically sure and proof that the smart contract they’ve written does what he or she intends it to do.
 
Smart contract on a sharded environment and state sharding
 
There is one more topic I’d like to touch on: smart contract execution in a sharded environment (and what is the effect of state sharding). This is a complex topic. I’m not able to explain it any easier than what is posted here. But I will try to compress the post into something easy to digest.
 
Earlier on we have established that Zilliqa can process transactions in parallel due to network sharding. This is where the linear scalability comes from. We can define simple transactions: a transaction from address A to B (Category 1), a transaction where a user interacts with one smart contract (Category 2) and the most complex ones where triggering a transaction results in multiple smart contracts being involved (Category 3). The shards are able to process transactions on their own without interference of the other shards. With Category 1 transactions that is doable, with Category 2 transactions sometimes if that address is in the same shard as the smart contract but with Category 3 you definitely need communication between the shards. Solving that requires to make a set of communication rules the protocol needs to follow in order to process all transactions in a generalised fashion.
 
And this is where the downsides of state sharding comes in currently. All shards in Zilliqa have access to the complete state. Yes the state size (0.1 GB at the moment) grows and all of the nodes need to store it but it also means that they don’t need to shop around for information available on other shards. Requiring more communication and adding more complexity. Computer science knowledge and/or developer knowledge required links if you want to dig further: Scilla - language grammar Scilla - Foundations for Verifiable Decentralised Computations on a Blockchain Gas Accounting NUS x Zilliqa: Smart contract language workshop
 
Easier to follow links on programming Scilla https://learnscilla.com/home Ivan on Tech
 
Roadmap / Zilliqa 2.0
 
There is no strict defined roadmap but here are topics being worked on. And via the Zilliqa website there is also more information on the projects they are working on.
 
Business & Partnerships  
It’s not only technology in which Zilliqa seems to be excelling as their ecosystem has been expanding and starting to grow rapidly. The project is on a mission to provide OpenFinance (OpFi) to the world and Singapore is the right place to be due to its progressive regulations and futuristic thinking. Singapore has taken a proactive approach towards cryptocurrencies by introducing the Payment Services Act 2019 (PS Act). Among other things, the PS Act will regulate intermediaries dealing with certain cryptocurrencies, with a particular focus on consumer protection and anti-money laundering. It will also provide a stable regulatory licensing and operating framework for cryptocurrency entities, effectively covering all crypto businesses and exchanges based in Singapore. According to PWC 82% of the surveyed executives in Singapore reported blockchain initiatives underway and 13% of them have already brought the initiatives live to the market. There is also an increasing list of organisations that are starting to provide digital payment services. Moreover, Singaporean blockchain developers Building Cities Beyond has recently created an innovation $15 million grant to encourage development on its ecosystem. This all suggest that Singapore tries to position itself as (one of) the leading blockchain hubs in the world.
 
Zilliqa seems to already taking advantage of this and recently helped launch Hg Exchange on their platform, together with financial institutions PhillipCapital, PrimePartners and Fundnel. Hg Exchange, which is now approved by the Monetary Authority of Singapore (MAS), uses smart contracts to represent digital assets. Through Hg Exchange financial institutions worldwide can use Zilliqa's safe-by-design smart contracts to enable the trading of private equities. For example, think of companies such as Grab, AirBnB, SpaceX that are not available for public trading right now. Hg Exchange will allow investors to buy shares of private companies & unicorns and capture their value before an IPO. Anquan, the main company behind Zilliqa, has also recently announced that they became a partner and shareholder in TEN31 Bank, which is a fully regulated bank allowing for tokenization of assets and is aiming to bridge the gap between conventional banking and the blockchain world. If STOs, the tokenization of assets, and equity trading will continue to increase, then Zilliqa’s public blockchain would be the ideal candidate due to its strategic positioning, partnerships, regulatory compliance and the technology that is being built on top of it.
 
What is also very encouraging is their focus on banking the un(der)banked. They are launching a stablecoin basket starting with XSGD. As many of you know, stablecoins are currently mostly used for trading. However, Zilliqa is actively trying to broaden the use case of stablecoins. I recommend everybody to read this text that Amrit Kumar wrote (one of the co-founders). These stablecoins will be integrated in the traditional markets and bridge the gap between the crypto world and the traditional world. This could potentially revolutionize and legitimise the crypto space if retailers and companies will for example start to use stablecoins for payments or remittances, instead of it solely being used for trading.
 
Zilliqa also released their DeFi strategic roadmap (dating November 2019) which seems to be aligning well with their OpFi strategy. A non-custodial DEX is coming to Zilliqa made by Switcheo which allows cross-chain trading (atomic swaps) between ETH, EOS and ZIL based tokens. They also signed a Memorandum of Understanding for a (soon to be announced) USD stablecoin. And as Zilliqa is all about regulations and being compliant, I’m speculating on it to be a regulated USD stablecoin. Furthermore, XSGD is already created and visible on block explorer and XIDR (Indonesian Stablecoin) is also coming soon via StraitsX. Here also an overview of the Tech Stack for Financial Applications from September 2019. Further quoting Amrit Kumar on this:
 
There are two basic building blocks in DeFi/OpFi though: 1) stablecoins as you need a non-volatile currency to get access to this market and 2) a dex to be able to trade all these financial assets. The rest are build on top of these blocks.
 
So far, together with our partners and community, we have worked on developing these building blocks with XSGD as a stablecoin. We are working on bringing a USD-backed stablecoin as well. We will soon have a decentralised exchange developed by Switcheo. And with HGX going live, we are also venturing into the tokenization space. More to come in the future.”*
 
Additionally, they also have this ZILHive initiative that injects capital into projects. There have been already 6 waves of various teams working on infrastructure, innovation and research, and they are not from ASEAN or Singapore only but global: see Grantees breakdown by country. Over 60 project teams from over 20 countries have contributed to Zilliqa's ecosystem. This includes individuals and teams developing wallets, explorers, developer toolkits, smart contract testing frameworks, dapps, etc. As some of you may know, Unstoppable Domains (UD) blew up when they launched on Zilliqa. UD aims to replace cryptocurrency addresses with a human readable name and allows for uncensorable websites. Zilliqa will probably be the only one able to handle all these transactions onchain due to ability to scale and its resulting low fees which is why the UD team launched this on Zilliqa in the first place. Furthermore, Zilliqa also has a strong emphasis on security, compliance, and privacy, which is why they partnered with companies like Elliptic, ChainSecurity (part of PwC Switzerland), and Incognito. Their sister company Aqilliz (Zilliqa spelled backwards) focuses on revolutionizing the digital advertising space and is doing interesting things like using Zilliqa to track outdoor digital ads with companies like Foodpanda.
 
Zilliqa is listed on nearly all major exchanges, having several different fiat-gateways and recently have been added to Binance’s margin trading and futures trading with really good volume. They also have a very impressive team with good credentials and experience. They dont just have “tech people”. They have a mix of tech people, business people, marketeers, scientists, and more. Naturally, it's good to have a mix of people with different skill sets if you work in the crypto space.
 
Marketing & Community
 
Zilliqa has a very strong community. If you just follow their Twitter their engagement is much higher for a coin that has approximately 80k followers. They also have been ‘coin of the day’ by LunarCrush many times. LunarCrush tracks real-time cryptocurrency value and social data. According to their data it seems Zilliqa has a more fundamental and deeper understanding of marketing and community engagement than almost all other coins. While almost all coins have been a bit frozen in the last months, Zilliqa seems to be on its own bull run. It was somewhere in the 100s a few months ago and is currently ranked #46 on CoinGecko. Their official Telegram also has over 20k people and is very active, and their community channel which is over 7k now is more active and larger than many other official channels. Their local communities) also seem to be growing.
 
Moreover, their community started ‘Zillacracy’ together with the Zilliqa core team ( see www.zillacracy.com ). It’s a community run initiative where people from all over the world are now helping with marketing and development on Zilliqa. Since its launch in February 2020 they have been doing a lot and will also run their own non custodial seed node for staking. This seed node will also allow them to start generating revenue for them to become a self sustaining entity that could potentially scale up to become a decentralized company working in parallel with the Zilliqa core team. Comparing it to all the other smart contract platforms (e.g. Cardano, EOS, Tezos etc.) they don't seem to have started a similar initiatives (correct me if I’m wrong though). This suggest in my opinion that these other smart contract platforms do not fully understand how to utilize the ‘power of the community’. This is something you cannot ‘buy with money’ and gives many projects in the space a disadvantage.
 
Zilliqa also released two social products called SocialPay and Zeeves. SocialPay allows users to earn ZILs while tweeting with a specific hashtag. They have recently used it in partnership with the Singapore Red Cross for a marketing campaign after their initial pilot program. It seems like a very valuable social product with a good use case. I can see a lot of traditional companies entering the space through this product, which they seem to suggest will happen. Tokenizing hashtags with smart contracts to get network effect is a very smart and innovative idea.
 
Regarding Zeeves, this is a tipping bot for Telegram. They already have 1000s of signups and they plan to keep upgrading it for more and more people to use it (e.g. they recently have added a quiz features). They also use it during AMAs to reward people in real time. It’s a very smart approach to grow their communities and get familiar with ZIL. I can see this becoming very big on Telegram. This tool suggests, again, that the Zilliqa team has a deeper understanding what the crypto space and community needs and is good at finding the right innovative tools to grow and scale.
 
To be honest, I haven’t covered everything (i’m also reaching the character limited haha). So many updates happening lately that it's hard to keep up, such as the International Monetary Fund mentioning Zilliqa in their report, custodial and non-custodial Staking, Binance Margin, Futures & Widget, entering the Indian market, and more. The Head of Marketing Colin Miles has also released this as an overview of what is coming next. And last but not least, Vitalik Buterin has been mentioning Zilliqa lately acknowledging Zilliqa and mentioning that both projects have a lot of room to grow. There is much more info of course and a good part of it has been served to you on a silver platter. I invite you to continue researching by yourself :-) And if you have any comments or questions please post here!
submitted by haveyouheardaboutit to CryptoCurrency [link] [comments]

08-31 04:15 - 'Unfortunately your location does matter for your exchange (where you buy/sell). / Check out r/bitcoinCA for lots of great info. / ShakePay is easy to use, quick to transfer funds to (can use regular Interac e-transfer up t...' by /u/TrueNorth49th removed from /r/Bitcoin within 2-12min

'''
Unfortunately your location does matter for your exchange (where you buy/sell).
Check out bitcoinCA for lots of great info.
ShakePay is easy to use, quick to transfer funds to (can use regular Interac e-transfer up to your bank/card daily limit), and signup/verification is pretty fast/painless. Fees why buying/selling BTC can be a little high (1.25-2.25% depending on price volatility) but they charge no other fees - including free xfer to your wallet. Use my link and we will each get $10 when you buy your first $100 of BTC.
Newton gets some good reviews as well and is supposed to have lower fees. The verification process with PLAID is a little disconcerting - would suggest avoiding until they implement their new process (supposedly coming soon).
ATMs charge VERY high fees (sometimes over 10%) so would strongly suggest avoiding.
Make sure you know how to use your wallet BEFORE you make any large purchases. Try some small tests, try restoring your wallet, and make HANDWRITTEN copies of your seed words (and PROTECT them!!!).
Move your BTC off your exchange AS SOON AS POSSIBLE. Consider and BTC not in your wallet as being at high risk of being lost. An exchange is NOT like a bank!!
It may seem a little daunting but once your make a few transactions it is pretty straight forward and you will be ahead of 99% of people!!
Shoot me a DM if you have any questions. Long live the queen!! 🇨🇦
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: TrueNorth49th
submitted by removalbot to removalbot [link] [comments]

Early Zilliqa.com Recommendations

Hello Everyone,
Early investor here who is appreciably frustrated by the mismanagement of this project. I won't get into the specifics of the past and would instead like to focus on the right here right now; I'm attempting to do a very detailed overview of the Zilliqa website and the changes I -- and I'm guessing most of the community -- would like to see (I'm basing this on the favourable response to my previous posts). The purpose of this exercise is to not only improve the website but more importantly highlight some of the ways in which Zilliqa needs to change its thinking, attitude, and general verbiage. Why should Zilliqa do this? Because I feel they are obliged to not only build a good product but also make Zilliqa pervasive, showcase the intents and efforts to do so, and as a result proliferate and increase usage/demand of the currency and in doing so, do right by the investors that financed the pursuit of Zilliqa team members' dreams.
Also Zilliqa Team, if you don't have someone like me on your team picking apart every aspect of what you're doing or not doing, I suggest you get one. I get the sense the Zilliqa Team is a tight-knit group, so tight-knit that they're probably often afraid to disagree with one another, instead electing to give out A's for effort. As I'll point out later, that behaviour isn't ethical. The responsibility of Zilliqa Project Team (the ones who were not so cowardice to leave the project), is to build and sustain the advancement of this blockchain's use and popularity for the end goal of adoption and actual ZIL for goods and services use. The flash in the pan across 1 billion was nice but the fact remains this project SHOULD be top 10 by marketcap but right now we are simply getting outworked by other projects putting substantially more effort into business development, or the appearance thereof via marketing, communications, and overall more exciting community engagement,
Without further preface , here are my early Zilliqa.com main page observations:

Zilliqa.com Page:
  1. Please stop being so polite; Zilliqa is not “Enterprise Ready” Zilliqa is “The #1 Enterprise Blockchain of Choice” or “The Best Enterprise & Developer Blockchain in existence”; please, modesty is NOT needed when it comes to educating about and marketing your product. I get the sense that the Zilliqa project is “anti-hype” and in some sense believes that to be an ethical or moral approach to conducting a business in the blockchain space -- BUT, I invite Zilliqa to look at this from another perspective. Investors are the ones who financed this project, and although “the vocal community” – i.e. Redditors, Telegramers, does not likely have angel fund investors in it, we still provided a large portion of our personal funds to make this project successful. Zilliqa’s ETHICAL and MORAL responsibility lies in appeasing the requests of investors who want to see the price of Zilliqa soar. That being said, it’s definitely also ethical and moral to have some measure of truth in your communications and claims but that DOES NOT equate to being unnecessarily vague or humble in your communications approach. Is Zilliqa not the best or one of the best blockchains of choice for enterprises and developers alike? If it isn’t then why do you have Xfers, Mindshare, Aqillz, HgExchange, and the like building on ZIL? The top spot deserves to be had by Zilliqa, but the team has to CLAIM it by PROCLAIMING it. Please, change the mentality from underselling to at least appropriately selling. Zilliqa is beyond ready, it’s one of if not the best blockchains of choice for developers and enterprises alike.
  2. Under “Zilliqa at a Glance”
- Research brought to life: good
- “Mainnet Live Since Early 2019”: Why does that matter? First to use sharding as a scaling solution – why do we care? What’s sharding? Is that what you tell enterprises who might want to use Zilliqa? We were the first to shard? How about we have the fastest, safe, distributed, verifiable ledger on the planet; which enables the development of the highest performance enterprise applications the world has ever seen. Speed, efficiency, irrefutability, all translating to better performance, data, and overall cost savings. Aqillz was created off the mindshare & pepsi co. pilot correct? So obviously, significant cost savings are not only possible but highly probable with a blockchain like Zilliqa to build on.
- Sharding in Practice: Great. No one cares if Zilliqa scales linearly or exponentially; if it scales it scales. Tell me something I don’t know that makes it real for me. “Processing more transactions faster, safer, irrefutably, and at a lower cost than Visa or any payment processor in the world”
- Safe by design contract language – What’s the point of smart contracts, really? Is it automation? Automation to what end? Is it a technical feat to behold? What does it enable? Efficiency? Cost Savings? Cutting out the middle man? Isn’t the middle man just a coder now? When you talk about your smart contract language, tell me why it really matters. Imagine a world where “………………”; you have to tell the enterprise, developer, or end user why they might care.
- Eco-Friendly dual mining: I would change this to: ENVIRONMENTALLY FRIENDLY CRYPTOCURRENCY or AN ENVIRONMENTALLY SUSTAINABLE CRYPTOCURRENCY SOLUTION; SUSTAINABLE AND ENVIRONMENTALLY BITCOIN. This needs to be changed to sustainable in either event because eco-friendly is narrower in scope and doesn’t encapsulate what Zilliqa is actually trying to say here; technically, Bitcoin could even make the claim at this moment in time that it is eco-friendly; destroying or not destroying habitat isn’t the question here, sustainability through cradle-2-grave is the real concern. Bitcoin’s process isn’t environmentally sustainable, but it isn’t directly ecologically harmful. Please choose words specifically and purposefully.
- Blossoming Ecosystem: I have a real gem in terms of marketing to share with Zilliqa here; it gets the point across of what a healthy ecosystem really means for commerce, business, and end users. I’d like for you to specifically inquire for more details on this.
  1. Token Swap Deadline – Put this in a pop-up in one of the corners on the main page; don’t need a randomly placed section of this on the main page; looks unrefined.
  2. Faces of Zilliqa – not a bad idea but it’s fair to say some serious expansion is required here. The amount of effort that has been put in is incredibly lackluster I would put substantially more effort into key players from strategic partner or “friendships”/collaborators as you term them. Again, not entirely sure why this is featured on the main page.
  3. ZILHive – randomly on main page and selectable from the dropdown menu; just the dropdown menu would suffice. Simplicity is a better look on the main page; state only the most important and essential bits of information.
  4. 2 Million Transactions – again quite random and unrefined; could this not be moved under the Zilliqa News page?
  5. Tianwei Liu – this is significant, but again, wouldn’t it be better placed under Ecosystem or “Faces of Zilliqa”?
  6. Unstoppable Domains Video – cool; why is it on the main page?
Overall guys the website’s first page has some good content, I’m just not sure I understand the vision behind randomly jumbling it altogether. Was there any discussion on this at all? I realize you’re all knee deep in technical works but somebody within the Zilliqa Team has to be knit picky and critical of majorly important communication events like the launching of a website.
BTW, probably the 10th time I’ve asked, where is Anquan in all of this? None of my questions have yet to be answered, where is the extraordinary support to the tune of $20 million Zilliqa is supposed to receive from Anquan? Where is the detailing thereof? Why isn’t Anquan under Ecosystem or “Faces of Zilliqa”? Tell me more about what they’re doing with their token sell-off that tanked the price of Zilliqa, would you? You guys said you had 4 years of treasury runway, why then was Anquan’s sell-off and tanking of the price imperative to support YOUR operations? I swear I will bring this up every month until the community gets a respectably specific answer. Stop with the vagueness please and thank you.
I fully expect to be contacted by Zilliqa after this, enough with the slow-going head in the weeds approach. Let’s get some precise, purposeful, and timely efforts in the domain of communications, marketing, and business development.
Thanks for taking the time to read;
Again – HAPPY TO HELP IF YOU’RE IN NEED; WILL WORK FOR MARGINAL SUMS;
Kind Regards,
Zilliqa Project Investor and Proponent
submitted by JustTerrible1 to zilliqa [link] [comments]

500BTC for House - Viable?

Guy on Gold Coast (Aus) lists his house for 500BTC. At the time of listing 1BTC was AUD $12,804 - net AUD price 6.4Mil AUD.
How viable is this..? (i know, it is a marketing ploy but lets discuss it)
Scenario 1 - you actually have 6.4 Mil AUD in the bank.
==> Totally impractical
Scenario 2 - you go to the bank, under the factional reserve system they write you up a loan, for 6.4 Mil (frac ratio 10% so they have 640k AUD in reserve).
==> Seems even less practical
Scenario 3 - perhaps there are other exchanges around the world with higher daily limits - US? but you likely can't use them unless you are a citizen of that country. Thinking.. use coinbase etc. SWIFT xfer 6.4Mil AUD to USD, then coinbase it from USD to BTC.
As an aside, there is Stamp Duty payable under QLD state laws - though Stamp Duty is calculated against $AUD. if the place is changing hands for a 'trade of agreed value in BTC' - is stamp duty payable still ? how would it be calculated.? to my knowledge the GST and Stamp duty laws specifically reference $AUD, in this sense doing the trade in BTC is akin to trading in clam shells, is it not.?
interesting.. anyone, anyone, Bueller..?
House Link : https://au.news.yahoo.com/qld/a/38039040/queensland-man-lists-luxury-home-for-500-bitcoins/
submitted by pepperjackal to btc [link] [comments]

Guide To Buying Your First Bitcoin In Singapore.

Guide To Buying Your First Bitcoin In Singapore.
Over the past few days, i have been searching for a guide for new Singaporeans to get their first Bitcoin. I have came across a few and find that some of them are outdated and i have decided to do 1 on my own and share it on Reddit to help fellow Singaporeans or those who are interested on how to buy Bitcoin in Singapore.

*I had to removed quite a few pictures due to the limit of 20 pictures per post. I seek your understanding on this.

A Guide To Buying Your First Bitcoin In Singapore
What Is Bitcoin?
It is a digital currency based on the blockchain technology. The currency is completely free from any central authority and transactions are fast and secure.
Bitcoin was envisioned as a utility coin that was meant to take over real money. However, users have found more value in trading the cryptocurrency as an investment commodity.
Where To Buy Bitcoin In Singapore?
As a Singaporean, we have access to a huge number of both local and overseas exchanges. But for a beginner, I would recommend using some of the platform which has simple User Interface(UI) as the exchanges might be too complicated or intimidating for a new user. Below are the 3 platform that I would recommend.
1.Coinbase:US-Based
2.Coinhako:SG-Based
3.Cryptaw:SG-Based
4.Gemini:US-Based
Difference Between Them?

Coinbase Coinhako Cryptaw Gemini
Account Verification Requirement -Personal Details -National ID -Bank Account -Phone Number -Personal Details -National ID -Bank Account -Phone Number -Personal Details -National ID -Bank Account -Personal Details -Passport -Phone Number
Exchange Rate High Fair Fair High
Margin Spread Fair High Fair Fair
Fees Credit/Debit Cards:3.99% Cash:1.49% Cash:1.0% Cash:1.2% Cash:1%
Credit/Debit Card Yes No No No
Bank Transfers/Cash XFers XFers Bank Transfer Wire Transfer
Customer Support Good Fair Good Good
Account Security Google Authenticator Google Authenticator Google Authenticator Authy


Guide to Buying on Coinbase:
  1. Register an account with Coinbase: https://www.coinbase.com
(*Picture removed due to picture limit)
  1. Create an individual account:

https://preview.redd.it/z1mx1ual4pr11.png?width=602&format=png&auto=webp&s=db95ee8677d81da302e67c0bbc880393a894298c
3.Submit your documents for account verification
(*Picture removed due to picture limit)

4.Once you have submitted your documents, you should be directed to this page.

https://preview.redd.it/f9abeq9r4pr11.png?width=602&format=png&auto=webp&s=ac07678e168ffc93dda3ec68884f0f525e0c5480
5.Register an account with Xfers. (You can choose to buy using Debit/Credit card but it comes with a high transaction fee of 3.99%)

https://preview.redd.it/k4ms3vns4pr11.png?width=602&format=png&auto=webp&s=70d7aa2970ad0e6266f11ee6575f3dd0c2384462
6.Click on Buy/Sell on the Coinbase menu bar, select Bitcoin and enter the amount you would like to buy in denomination of SGD/Bitcoin.

https://preview.redd.it/45xnue4u4pr11.png?width=602&format=png&auto=webp&s=881910cdc3a4eb18da3eeac8e06cf42059f54cc5
7.You have successfully bought your first Bitcoin. Note that even though the price of Bitcoin is above SGD 8,000 at time of writing, you do not need a lot of money to buy Bitcoin. You can buy a fraction of Bitcoin which is also known as Satoshi(0.00000001BTC).


Guide to Buying on Coinhako:

  1. Register an account with Coinhako: https://www.coinhako.com (You can register using your facebook account)
(*Picture removed due to picture limit)
  1. Create an account by filling up the registration form:

https://preview.redd.it/038rswjx4pr11.png?width=602&format=png&auto=webp&s=3b44fe299bedfe3b3699eb505cf364f584d49f4f
3.Submit your documents for account verification:

https://preview.redd.it/4bgnneey4pr11.png?width=602&format=png&auto=webp&s=6e01aee2caff0adc855c55bd3327e077d7edca40




4.Once you have verified your documents, you would be allowed to transfer funds.

https://preview.redd.it/uibnegj35pr11.png?width=602&format=png&auto=webp&s=09b9abd0155b4515025bc0a6eb251df524fed0a3
5.Register an account with Xfers.
( Please refer to Coinbase guide above)
6.Click on Wallet on the menu bar, select Buy beside BTC/SGD and enter the amount you would like to buy in denomination of SGD/Bitcoin.

https://preview.redd.it/4z1x1f855pr11.png?width=602&format=png&auto=webp&s=f1fc7423ad24b2a4595520966ecb671fd968fb6b
7.You have successfully bought your first Bitcoin. Note that even though the price of Bitcoin is above SGD 8,000 at time of writing, you do not need a lot of money to buy Bitcoin. You can buy a fraction of Bitcoin which is also known as Satoshi(0.00000001BTC).

Guide to Buying on Cryptaw:
  1. Register an account with Cryptaw: https://www.cryptaw.com

https://preview.redd.it/ywad9um68pr11.png?width=1892&format=png&auto=webp&s=b4a9367fedd614b86a597ae4a6d98d3b6705f251
  1. Create an account by filling up the registration form:

https://preview.redd.it/04ztnm8m5pr11.png?width=602&format=png&auto=webp&s=0cf6df03dd61009e45a6c8e7b144a34a900565c9
3.Click on Verify Now for account verification:

https://preview.redd.it/eh9puiro5pr11.png?width=602&format=png&auto=webp&s=51e8bd8343d03bb1016c0706c443daf7ed37234b
4.Submit documents for Account Verification. Click on Show example to see what is expected:

https://preview.redd.it/4y3z0pz36pr11.png?width=602&format=png&auto=webp&s=6c87f6dcc3c29117004d3f8bc7b818ee647d590a




5.Once you have verified your documents, you would be allowed to transfer funds.
https://preview.redd.it/y07ksclq6pr11.png?width=602&format=png&auto=webp&s=222e67fa737b57bca539ca17bc2ed97833533d05
6.Click on Buy on the menu

https://preview.redd.it/kb8jzmir6pr11.png?width=602&format=png&auto=webp&s=881133c1475a269833c3b06f13cc0b16f9c664c0
7.Check and confirm the Order details.

https://preview.redd.it/vwfktgis6pr11.png?width=602&format=png&auto=webp&s=5df5248df7a05d88052cc49e320a13a9e0967ef7

8.You have successfully bought your first Bitcoin. Note that even though the price of Bitcoin is above SGD 8,000 at time of writing, you do not need a lot of money to buy Bitcoin. You can buy a fraction of Bitcoin which is also known as Satoshi(0.00000001BTC).


Guide to Buying on Gemini:
  1. Register an account with Gemini: https://gemini.com

https://preview.redd.it/tvfd60tx6pr11.png?width=602&format=png&auto=webp&s=431cc0ad743decb98abcc55dbaa78eb8063de831
  1. Create an individual account:

https://preview.redd.it/f78egmmy6pr11.png?width=602&format=png&auto=webp&s=1c4ae9e1c12ab5834ea743acc3c1cbc1673e4d44
3.Submit your documents for account verification:

https://preview.redd.it/1e3sohgz6pr11.png?width=602&format=png&auto=webp&s=c6205597776a0ea24ce355aa2058cdc9dd065ef6


4.Once you have verified your documents, you would be allowed to transfer funds.

https://preview.redd.it/m8cnfda67pr11.png?width=602&format=png&auto=webp&s=0220236fb5c6727179b3e5894e477982b055d673
5.Click on Buy on the menu and choose BTCUSD

https://preview.redd.it/pccr0i177pr11.png?width=602&format=png&auto=webp&s=09152d23ba929dea633da76db7f0a9b40793f4e5
6.You have successfully bought your first Bitcoin. Note that even though the price of Bitcoin is above SGD 8,000 at time of writing, you do not need a lot of money to buy Bitcoin. You can buy a fraction of Bitcoin which is also known as Satoshi(0.00000001BTC).


Through this article, I hope you find the exchange that best suits you. From my experience, I started out using Coinbase. But due to the higher fees and bank fees, I decided to switch to Coinhako after finding out more about them. I used Coinhako for slightly over a year and faced very minimal issues, but most of the time I will have to solve them myself as it takes up to a week for Coinhako Support Team to get back to me regarding my issues. Earlier this year, I came to know of Cryptaw through a friend and after some studying, I decided to switch over to Cryptaw as they solve a few issues I face with Coinhako. No doubt Cryptaw charge a 0.2% higher trading fee, but for the convenience that I am getting with their Bank Transfers deposit and higher trade limit, it is definitely worth it. The reason why I included Gemini was because a few of my friends are trading using Gemini and they told me Gemini provides better support. But in my opinion, Cryptaw is good enough for me as I have never faced any issues with them and their Support Team usually replies within a day.
TL;DR: I am using Cryptaw
Note: Trading of cryptocurrencies involves significant level of risk. Prices of goods, regardless of their nature or substance, have no permanent nature and are subject to constant change. Price fluctuations directly affect the value of assets held by an individual over time. Any good - virtual or not - can both gain value and become worthless over time. Due to the fundamentals of the cryptocurrency trading system’s functioning, it is vulnerable to fluctuations in the level of confidence of market participants, which directly affects the level of demand or supply. The level of confidence can be affected both by purely economic factors and non-economic, including technological ones. Given the above, please thoughtfully decide whether the existing degree of risk involved in the cryptocurrency trading is acceptable for you.

submitted by Aircrypt to Bitcoin [link] [comments]

The most interesting nmap result I've seen after scanning tens of thousands of addresses around my local net [dissect/discuss]

Nmap scan report for [neighborhood].2.243 Host is up (0.096s latency). PORT STATE SERVICE 1/tcp open tcpmux 3/tcp open compressnet 4/tcp open unknown 6/tcp open unknown 7/tcp open echo 9/tcp open discard 13/tcp open daytime 17/tcp open qotd 19/tcp open chargen 20/tcp open ftp-data 21/tcp open ftp 22/tcp open ssh 23/tcp open telnet 24/tcp open priv-mail 25/tcp filtered smtp 26/tcp open rsftp 30/tcp open unknown 32/tcp open unknown 33/tcp open dsp 37/tcp open time 42/tcp open nameserver 43/tcp open whois 49/tcp open tacacs 53/tcp open domain 70/tcp open gopher 79/tcp open finger 80/tcp open http 81/tcp open hosts2-ns 82/tcp open xfer 83/tcp open mit-ml-dev 84/tcp open ctf 85/tcp open mit-ml-dev 88/tcp open kerberos-sec 89/tcp open su-mit-tg 90/tcp open dnsix 99/tcp open metagram 100/tcp open newacct 106/tcp open pop3pw 109/tcp open pop2 110/tcp open pop3 111/tcp open rpcbind 113/tcp filtered ident 119/tcp open nntp 125/tcp open locus-map 135/tcp filtered msrpc 139/tcp open netbios-ssn 143/tcp open imap 144/tcp open news 146/tcp open iso-tp0 161/tcp open snmp 163/tcp open cmip-man 179/tcp open bgp 199/tcp open smux 211/tcp open 914c-g 212/tcp open anet 222/tcp open rsh-spx 254/tcp open unknown 255/tcp open unknown 256/tcp open fw1-secureremote 259/tcp open esro-gen 264/tcp open bgmp 280/tcp open http-mgmt 301/tcp open unknown 306/tcp open unknown 311/tcp open asip-webadmin 340/tcp open unknown 366/tcp open odmr 389/tcp open ldap 406/tcp open imsp 407/tcp open timbuktu 416/tcp open silverplatter 417/tcp open onmux 425/tcp open icad-el 427/tcp open svrloc 443/tcp open https 444/tcp open snpp 445/tcp open microsoft-ds 458/tcp open appleqtc 464/tcp open kpasswd5 465/tcp open smtps 481/tcp open dvs 497/tcp open retrospect 500/tcp open isakmp 512/tcp open exec 513/tcp open login 514/tcp open shell 515/tcp open printer 524/tcp open ncp 541/tcp open uucp-rlogin 543/tcp open klogin 544/tcp open kshell 545/tcp open ekshell 548/tcp open afp 554/tcp open rtsp 555/tcp open dsf 563/tcp open snews 587/tcp open submission 593/tcp open http-rpc-epmap 616/tcp open sco-sysmgr 617/tcp open sco-dtmgr 625/tcp open apple-xsrvr-admin 631/tcp open ipp 636/tcp open ldapssl 646/tcp open ldp 648/tcp open rrp 666/tcp open doom 667/tcp open disclose 668/tcp open mecomm 683/tcp open corba-iiop 687/tcp open asipregistry 691/tcp open resvc 700/tcp open epp 705/tcp open agentx 711/tcp open cisco-tdp 714/tcp open iris-xpcs 720/tcp open unknown 722/tcp open unknown 726/tcp open unknown 749/tcp open kerberos-adm 765/tcp open webster 777/tcp open multiling-http 783/tcp open spamassassin 787/tcp open qsc 800/tcp open mdbs_daemon 801/tcp open device 808/tcp open ccproxy-http 843/tcp open unknown 873/tcp open rsync 880/tcp open unknown 888/tcp open accessbuilder 898/tcp open sun-manageconsole 900/tcp open omginitialrefs 901/tcp open samba-swat 902/tcp open iss-realsecure 903/tcp open iss-console-mgr 911/tcp open xact-backup 912/tcp open apex-mesh 981/tcp open unknown 987/tcp open unknown 990/tcp open ftps 992/tcp open telnets 993/tcp open imaps 995/tcp open pop3s 999/tcp open garcon 1000/tcp open cadlock 1001/tcp open unknown 1002/tcp open windows-icfw 1007/tcp open unknown 1009/tcp open unknown 1010/tcp open surf 1011/tcp open unknown 1021/tcp open exp1 1022/tcp open exp2 1023/tcp open netvenuechat 1024/tcp open kdm 1025/tcp open NFS-or-IIS 1026/tcp open LSA-or-nterm 1027/tcp open IIS 1028/tcp open unknown 1029/tcp open ms-lsa 1030/tcp open iad1 1031/tcp open iad2 1032/tcp open iad3 1033/tcp open netinfo 1034/tcp open zincite-a 1035/tcp open multidropper 1036/tcp open nsstp 1037/tcp open ams 1038/tcp open mtqp 1039/tcp open sbl 1040/tcp open netsaint 1041/tcp open danf-ak2 1042/tcp open afrog 1043/tcp open boinc 1044/tcp open dcutility 1045/tcp open fpitp 1046/tcp open wfremotertm 1047/tcp open neod1 1048/tcp open neod2 1049/tcp open td-postman 1050/tcp open java-or-OTGfileshare 1051/tcp open optima-vnet 1052/tcp open ddt 1053/tcp open remote-as 1054/tcp open brvread 1055/tcp open ansyslmd 1056/tcp open vfo 1057/tcp open startron 1058/tcp open nim 1059/tcp open nimreg 1060/tcp open polestar 1061/tcp open kiosk 1062/tcp open veracity 1063/tcp open kyoceranetdev 1064/tcp open jstel 1065/tcp open syscomlan 1066/tcp open fpo-fns 1067/tcp open instl_boots 1068/tcp open instl_bootc 1069/tcp open cognex-insight 1070/tcp open gmrupdateserv 1071/tcp open bsquare-voip 1072/tcp open cardax 1073/tcp open bridgecontrol 1074/tcp open warmspotMgmt 1075/tcp open rdrmshc 1076/tcp open sns_credit 1077/tcp open imgames 1078/tcp open avocent-proxy 1079/tcp open asprovatalk 1080/tcp open socks 1081/tcp open pvuniwien 1082/tcp open amt-esd-prot 1083/tcp open ansoft-lm-1 1084/tcp open ansoft-lm-2 1085/tcp open webobjects 1086/tcp open cplscrambler-lg 1087/tcp open cplscrambler-in 1088/tcp open cplscrambler-al 1089/tcp open ff-annunc 1090/tcp open ff-fms 1091/tcp open ff-sm 1092/tcp open obrpd 1093/tcp open proofd 1094/tcp open rootd 1095/tcp open nicelink 1096/tcp open cnrprotocol 1097/tcp open sunclustermgr 1098/tcp open rmiactivation 1099/tcp open rmiregistry 1100/tcp open mctp 1102/tcp open adobeserver-1 1104/tcp open xrl 1105/tcp open ftranhc 1106/tcp open isoipsigport-1 1107/tcp open isoipsigport-2 1108/tcp open ratio-adp 1110/tcp open nfsd-status 1111/tcp open lmsocialserver 1112/tcp open msql 1113/tcp open ltp-deepspace 1114/tcp open mini-sql 1117/tcp open ardus-mtrns 1119/tcp open bnetgame 1121/tcp open rmpp 1122/tcp open availant-mgr 1123/tcp open murray 1124/tcp open hpvmmcontrol 1126/tcp open hpvmmdata 1130/tcp open casp 1131/tcp open caspssl 1132/tcp open kvm-via-ip 1137/tcp open trim 1138/tcp open encrypted_admin 1141/tcp open mxomss 1145/tcp open x9-icue 1147/tcp open capioverlan 1148/tcp open elfiq-repl 1149/tcp open bvtsonar 1151/tcp open unizensus 1152/tcp open winpoplanmess 1154/tcp open resacommunity 1163/tcp open sddp 1164/tcp open qsm-proxy 1165/tcp open qsm-gui 1166/tcp open qsm-remote 1169/tcp open tripwire 1174/tcp open fnet-remote-ui 1175/tcp open dossier 1183/tcp open llsurfup-http 1185/tcp open catchpole 1186/tcp open mysql-cluster 1187/tcp open alias 1192/tcp open caids-sensor 1198/tcp open cajo-discovery 1199/tcp open dmidi 1201/tcp open nucleus-sand 1213/tcp open mpc-lifenet 1216/tcp open etebac5 1217/tcp open hpss-ndapi 1218/tcp open aeroflight-ads 1233/tcp open univ-appserver 1234/tcp open hotline 1236/tcp open bvcontrol 1244/tcp open isbconference1 1247/tcp open visionpyramid 1248/tcp open hermes 1259/tcp open opennl-voice 1271/tcp open excw 1272/tcp open cspmlockmgr 1277/tcp open miva-mqs 1287/tcp open routematch 1296/tcp open dproxy 1300/tcp open h323hostcallsc 1301/tcp open ci3-software-1 1309/tcp open jtag-server 1310/tcp open husky 1311/tcp open rxmon 1322/tcp open novation 1328/tcp open ewall 1334/tcp open writesrv 1352/tcp open lotusnotes 1417/tcp open timbuktu-srv1 1433/tcp open ms-sql-s 1434/tcp open ms-sql-m 1443/tcp open ies-lm 1455/tcp open esl-lm 1461/tcp open ibm_wrless_lan 1494/tcp open citrix-ica 1500/tcp open vlsi-lm 1501/tcp open sas-3 1503/tcp open imtc-mcs 1521/tcp open oracle 1524/tcp open ingreslock 1533/tcp open virtual-places 1556/tcp open veritas_pbx 1580/tcp open tn-tl-r1 1583/tcp open simbaexpress 1594/tcp open sixtrak 1600/tcp open issd 1641/tcp open invision 1658/tcp open sixnetudr 1666/tcp open netview-aix-6 1687/tcp open nsjtp-ctrl 1688/tcp open nsjtp-data 1700/tcp open mps-raft 1717/tcp open fj-hdnet 1718/tcp open h323gatedisc 1719/tcp open h323gatestat 1720/tcp open h323q931 1721/tcp open caicci 1723/tcp open pptp 1755/tcp open wms 1761/tcp open landesk-rc 1782/tcp open hp-hcip 1783/tcp open unknown 1801/tcp open msmq 1805/tcp open enl-name 1812/tcp open radius 1839/tcp open netopia-vo1 1840/tcp open netopia-vo2 1862/tcp open mysql-cm-agent 1863/tcp open msnp 1864/tcp open paradym-31 1875/tcp open westell-stats 1900/tcp open upnp 1914/tcp open elm-momentum 1935/tcp open rtmp 1947/tcp open sentinelsrm 1971/tcp open netop-school 1972/tcp open intersys-cache 1974/tcp open drp 1984/tcp open bigbrother 1998/tcp open x25-svc-port 1999/tcp open tcp-id-port 2000/tcp open cisco-sccp 2001/tcp open dc 2002/tcp open globe 2003/tcp open finger 2004/tcp open mailbox 2005/tcp open deslogin 2006/tcp open invokator 2007/tcp open dectalk 2008/tcp open conf 2009/tcp open news 2010/tcp open search 2013/tcp open raid-am 2020/tcp open xinupageserver 2021/tcp open servexec 2022/tcp open down 2030/tcp open device2 2033/tcp open glogger 2034/tcp open scoremgr 2035/tcp open imsldoc 2038/tcp open objectmanager 2040/tcp open lam 2041/tcp open interbase 2042/tcp open isis 2043/tcp open isis-bcast 2045/tcp open cdfunc 2046/tcp open sdfunc 2047/tcp open dls 2048/tcp open dls-monitor 2049/tcp open nfs 2065/tcp open dlsrpn 2068/tcp open avocentkvm 2099/tcp open h2250-annex-g 2100/tcp open amiganetfs 2103/tcp open zephyr-clt 2105/tcp open eklogin 2106/tcp open ekshell 2107/tcp open msmq-mgmt 2111/tcp open kx 2119/tcp open gsigatekeeper 2121/tcp open ccproxy-ftp 2126/tcp open pktcable-cops 2135/tcp open gris 2144/tcp open lv-ffx 2160/tcp open apc-2160 2161/tcp open apc-agent 2170/tcp open eyetv 2179/tcp open vmrdp 2190/tcp open tivoconnect 2191/tcp open tvbus 2196/tcp open unknown 2200/tcp open ici 2222/tcp open EtherNetIP-1 2251/tcp open dif-port 2260/tcp open apc-2260 2288/tcp open netml 2301/tcp open compaqdiag 2323/tcp open 3d-nfsd 2366/tcp open qip-login 2381/tcp open compaq-https 2382/tcp open ms-olap3 2383/tcp open ms-olap4 2393/tcp open ms-olap1 2394/tcp open ms-olap2 2399/tcp open fmpro-fdal 2401/tcp open cvspserver 2492/tcp open groove 2500/tcp open rtsserv 2522/tcp open windb 2525/tcp open ms-v-worlds 2557/tcp open nicetec-mgmt 2601/tcp open zebra 2602/tcp open ripd 2604/tcp open ospfd 2605/tcp open bgpd 2607/tcp open connection 2608/tcp open wag-service 2638/tcp open sybase 2701/tcp open sms-rcinfo 2702/tcp open sms-xfer 2710/tcp open sso-service 2717/tcp open pn-requester 2718/tcp open pn-requester2 2725/tcp open msolap-ptp2 2800/tcp open acc-raid 2809/tcp open corbaloc 2811/tcp open gsiftp 2869/tcp open icslap 2875/tcp open dxmessagebase2 2909/tcp open funk-dialout 2910/tcp open tdaccess 2920/tcp open roboeda 2967/tcp open symantec-av 2968/tcp open enpp 2998/tcp open iss-realsec 3000/tcp closed ppp 3001/tcp open nessus 3003/tcp open cgms 3005/tcp open deslogin 3006/tcp open deslogind 3007/tcp open lotusmtap 3011/tcp open trusted-web 3013/tcp open gilatskysurfer 3017/tcp open event_listener 3030/tcp open arepa-cas 3031/tcp open eppc 3052/tcp open powerchute 3071/tcp open csd-mgmt-port 3077/tcp open orbix-loc-ssl 3128/tcp open squid-http 3168/tcp open poweronnud 3211/tcp open avsecuremgmt 3221/tcp open xnm-clear-text 3260/tcp open iscsi 3261/tcp open winshadow 3268/tcp open globalcatLDAP 3269/tcp open globalcatLDAPssl 3283/tcp open netassistant 3300/tcp open unknown 3301/tcp open unknown 3306/tcp open mysql 3322/tcp open active-net 3323/tcp open active-net 3324/tcp open active-net 3325/tcp open active-net 3333/tcp open dec-notes 3351/tcp open btrieve 3367/tcp open satvid-datalnk 3369/tcp open satvid-datalnk 3370/tcp open satvid-datalnk 3371/tcp open satvid-datalnk 3372/tcp open msdtc 3389/tcp open ms-wbt-server 3390/tcp open dsc 3404/tcp open unknown 3476/tcp open nppmp 3493/tcp open nut 3517/tcp open 802-11-iapp 3527/tcp open beserver-msg-q 3546/tcp open unknown 3551/tcp open apcupsd 3580/tcp open nati-svrloc 3659/tcp open apple-sasl 3689/tcp open rendezvous 3690/tcp open svn 3703/tcp open adobeserver-3 3737/tcp open xpanel 3766/tcp open unknown 3784/tcp open bfd-control 3800/tcp open pwgpsi 3801/tcp open ibm-mgr 3809/tcp open apocd 3814/tcp open neto-dcs 3826/tcp open wormux 3827/tcp open netmpi 3828/tcp open neteh 3851/tcp open spectraport 3869/tcp open ovsam-mgmt 3871/tcp open avocent-adsap 3878/tcp open fotogcad 3880/tcp open igrs 3889/tcp open dandv-tester 3905/tcp open mupdate 3914/tcp open listcrt-port-2 3918/tcp open pktcablemmcops 3920/tcp open exasoftport1 3945/tcp open emcads 3971/tcp open lanrevserver 3986/tcp open mapper-ws_ethd 3995/tcp open iss-mgmt-ssl 3998/tcp open dnx 4000/tcp open remoteanything 4001/tcp open newoak 4002/tcp open mlchat-proxy 4003/tcp open pxc-splr-ft 4004/tcp open pxc-roid 4005/tcp open pxc-pin 4006/tcp open pxc-spvr 4045/tcp open lockd 4111/tcp open xgrid 4125/tcp open rww 4126/tcp open ddrepl 4129/tcp open nuauth 4224/tcp open xtell 4242/tcp open vrml-multi-use 4279/tcp open vrml-multi-use 4321/tcp open rwhois 4343/tcp open unicall 4443/tcp open pharos 4444/tcp open krb524 4445/tcp open upnotifyp 4446/tcp open n1-fwp 4449/tcp open privatewire 4550/tcp open gds-adppiw-db 4567/tcp open tram 4662/tcp open edonkey 4848/tcp open appserv-http 4899/tcp open radmin 4900/tcp open hfcs 4998/tcp open maybe-veritas 5000/tcp open upnp 5001/tcp closed commplex-link 5002/tcp open rfe 5003/tcp open filemaker 5004/tcp open avt-profile-1 5009/tcp open airport-admin 5030/tcp open surfpass 5033/tcp open unknown 5050/tcp open mmcc 5051/tcp open ida-agent 5054/tcp open rlm-admin 5060/tcp open sip 5061/tcp open sip-tls 5080/tcp open onscreen 5087/tcp open unknown 5100/tcp open admd 5101/tcp open admdog 5102/tcp open admeng 5120/tcp open unknown 5190/tcp open aol 5200/tcp open targus-getdata 5214/tcp open unknown 5221/tcp open 3exmp 5222/tcp open xmpp-client 5225/tcp open hp-server 5226/tcp open hp-status 5269/tcp open xmpp-server 5280/tcp open xmpp-bosh 5298/tcp open presence 5357/tcp open wsdapi 5405/tcp open pcduo 5414/tcp open statusd 5431/tcp open park-agent 5432/tcp open postgresql 5440/tcp open unknown 5500/tcp open hotline 5510/tcp open secureidprop 5544/tcp open unknown 5550/tcp open sdadmind 5555/tcp open freeciv 5560/tcp open isqlplus 5566/tcp open westec-connect 5631/tcp open pcanywheredata 5633/tcp open beorl 5666/tcp open nrpe 5678/tcp open rrac 5679/tcp open activesync 5718/tcp open dpm 5730/tcp open unieng 5800/tcp open vnc-http 5801/tcp open vnc-http-1 5802/tcp open vnc-http-2 5810/tcp open unknown 5811/tcp open unknown 5815/tcp open unknown 5822/tcp open unknown 5825/tcp open unknown 5850/tcp open unknown 5859/tcp open wherehoo 5862/tcp open unknown 5877/tcp open unknown 5900/tcp open vnc 5901/tcp open vnc-1 5902/tcp open vnc-2 5903/tcp open vnc-3 5904/tcp open unknown 5906/tcp open unknown 5907/tcp open unknown 5910/tcp open cm 5911/tcp open cpdlc 5915/tcp open unknown 5922/tcp open unknown 5925/tcp open unknown 5950/tcp open unknown 5952/tcp open unknown 5959/tcp open unknown 5960/tcp open unknown 5961/tcp open unknown 5962/tcp open unknown 5963/tcp open indy 5987/tcp open wbem-rmi 5988/tcp open wbem-http 5989/tcp open wbem-https 5998/tcp open ncd-diag 5999/tcp open ncd-conf 6000/tcp open X11 6001/tcp open X11:1 6002/tcp open X11:2 6003/tcp open X11:3 6004/tcp open X11:4 6005/tcp open X11:5 6006/tcp open X11:6 6007/tcp open X11:7 6009/tcp open X11:9 6025/tcp open x11 6059/tcp open X11:59 6100/tcp open synchronet-db 6101/tcp open backupexec 6106/tcp open isdninfo 6112/tcp open dtspc 6123/tcp open backup-express 6129/tcp open unknown 6156/tcp open unknown 6346/tcp open gnutella 6389/tcp open clariion-evr01 6502/tcp open netop-rc 6510/tcp open mcer-port 6543/tcp open mythtv 6547/tcp open powerchuteplus 6565/tcp open unknown 6566/tcp open sane-port 6567/tcp open esp 6580/tcp open parsec-master 6646/tcp open unknown 6666/tcp open irc 6667/tcp open irc 6668/tcp open irc 6669/tcp open irc 6689/tcp open tsa 6692/tcp open unknown 6699/tcp open napster 6779/tcp open unknown 6788/tcp open smc-http 6789/tcp open ibm-db2-admin 6792/tcp open unknown 6839/tcp open unknown 6881/tcp open bittorrent-tracker 6901/tcp open jetstream 6969/tcp open acmsoda 7000/tcp open afs3-fileserver 7001/tcp open afs3-callback 7002/tcp open afs3-prserver 7004/tcp open afs3-kaserver 7007/tcp open afs3-bos 7019/tcp open unknown 7025/tcp open vmsvc-2 7070/tcp open realserver 7100/tcp open font-service 7103/tcp open unknown 7106/tcp open unknown 7200/tcp open fodms 7201/tcp open dlip 7402/tcp open rtps-dd-mt 7435/tcp open unknown 7443/tcp open oracleas-https 7496/tcp open unknown 7512/tcp open unknown 7625/tcp open unknown 7627/tcp open soap-http 7676/tcp open imqbrokerd 7741/tcp open scriptview 7777/tcp open cbt 7778/tcp open interwise 7800/tcp open asr 7911/tcp open unknown 7920/tcp open unknown 7921/tcp open unknown 7937/tcp open nsrexecd 7938/tcp open lgtomapper 7999/tcp open irdmi2 8000/tcp open http-alt 8001/tcp open vcom-tunnel 8002/tcp open teradataordbms 8007/tcp open ajp12 8008/tcp open http 8009/tcp open ajp13 8010/tcp open xmpp 8011/tcp open unknown 8021/tcp open ftp-proxy 8022/tcp open oa-system 8031/tcp open unknown 8042/tcp open fs-agent 8045/tcp open unknown 8080/tcp open http-proxy 8081/tcp open blackice-icecap 8082/tcp open blackice-alerts 8083/tcp open us-srv 8084/tcp open unknown 8085/tcp open unknown 8086/tcp open d-s-n 8087/tcp open simplifymedia 8088/tcp open radan-http 8089/tcp open unknown 8090/tcp open unknown 8093/tcp open unknown 8099/tcp open unknown 8100/tcp open xprint-server 8180/tcp open unknown 8181/tcp open unknown 8192/tcp open sophos 8193/tcp open sophos 8194/tcp open sophos 8200/tcp open trivnet1 8222/tcp open unknown 8254/tcp open unknown 8290/tcp open unknown 8291/tcp open unknown 8292/tcp open blp3 8300/tcp open tmi 8333/tcp open bitcoin 8383/tcp open m2mservices 8400/tcp open cvd 8402/tcp open abarsd 8443/tcp open https-alt 8500/tcp open fmtp 8600/tcp open asterix 8649/tcp open unknown 8651/tcp open unknown 8652/tcp open unknown 8654/tcp open unknown 8701/tcp open unknown 8800/tcp open sunwebadmin 8873/tcp open dxspider 8888/tcp open sun-answerbook 8899/tcp open ospf-lite 8994/tcp open unknown 9000/tcp open cslistener 9001/tcp open tor-orport 9002/tcp open dynamid 9003/tcp open unknown 9009/tcp open pichat 9010/tcp open sdr 9011/tcp open unknown 9040/tcp open tor-trans 9050/tcp open tor-socks 9071/tcp open unknown 9080/tcp open glrpc 9081/tcp open unknown 9090/tcp open zeus-admin 9091/tcp open xmltec-xmlmail 9099/tcp open unknown 9100/tcp open jetdirect 9101/tcp open jetdirect 9102/tcp open jetdirect 9103/tcp open jetdirect 9110/tcp open unknown 9111/tcp open DragonIDSConsole 9200/tcp open wap-wsp 9207/tcp open wap-vcal-s 9220/tcp open unknown 9290/tcp open unknown 9415/tcp open unknown 9418/tcp open git 9485/tcp open unknown 9500/tcp open ismserver 9502/tcp open unknown 9503/tcp open unknown 9535/tcp open man 9575/tcp open unknown 9593/tcp open cba8 9594/tcp open msgsys 9595/tcp open pds 9618/tcp open condor 9666/tcp open unknown 9876/tcp open sd 9877/tcp open unknown 9878/tcp open unknown 9898/tcp open monkeycom 9900/tcp open iua 9917/tcp open unknown 9929/tcp open nping-echo 9943/tcp open unknown 9944/tcp open unknown 9968/tcp open unknown 9998/tcp open distinct32 9999/tcp open abyss 10000/tcp open snet-sensor-mgmt 10001/tcp open scp-config 10002/tcp open documentum 10003/tcp open documentum_s 10004/tcp open emcrmirccd 10009/tcp open swdtp-sv 10010/tcp open rxapi 10012/tcp open unknown 10024/tcp open unknown 10025/tcp open unknown 10082/tcp open amandaidx 10180/tcp open unknown 10215/tcp open unknown 10243/tcp open unknown 10566/tcp open unknown 10616/tcp open unknown 10617/tcp open unknown 10621/tcp open unknown 10626/tcp open unknown 10628/tcp open unknown 10629/tcp open unknown 10778/tcp open unknown 11110/tcp open unknown 11111/tcp open vce 11967/tcp open sysinfo-sp 12000/tcp open cce4x 12174/tcp open unknown 12265/tcp open unknown 12345/tcp open netbus 13456/tcp open unknown 13722/tcp open netbackup 13782/tcp open netbackup 13783/tcp open netbackup 14000/tcp open scotty-ft 14238/tcp open unknown 14441/tcp open unknown 14442/tcp open unknown 15000/tcp open hydap 15002/tcp open unknown 15003/tcp open unknown 15004/tcp open unknown 15660/tcp open bex-xr 15742/tcp open unknown 16000/tcp open fmsas 16001/tcp open fmsascon 16012/tcp open unknown 16016/tcp open unknown 16018/tcp open unknown 16080/tcp open osxwebadmin 16113/tcp open unknown 16992/tcp open amt-soap-http 16993/tcp open amt-soap-https 17877/tcp open unknown 17988/tcp open unknown 18040/tcp open unknown 18101/tcp open unknown 18988/tcp open unknown 19101/tcp open unknown 19283/tcp open keysrvr 19315/tcp open keyshadow 19350/tcp open unknown 19780/tcp open unknown 19801/tcp open unknown 19842/tcp open unknown 20000/tcp open dnp 20005/tcp open btx 20031/tcp open unknown 20221/tcp open unknown 20222/tcp open ipulse-ics 20828/tcp open unknown 21571/tcp open unknown 22939/tcp open unknown 23502/tcp open unknown 24444/tcp open unknown 24800/tcp open unknown 25734/tcp open unknown 25735/tcp open unknown 26214/tcp open unknown 27000/tcp open flexlm0 27352/tcp open unknown 27353/tcp open unknown 27355/tcp open unknown 27356/tcp open unknown 27715/tcp open unknown 28201/tcp open unknown 30000/tcp open unknown 30718/tcp open unknown 30951/tcp open unknown 31038/tcp open unknown 31337/tcp open Elite 32768/tcp open filenet-tms 32769/tcp open filenet-rpc 32770/tcp open sometimes-rpc3 32771/tcp open sometimes-rpc5 32772/tcp open sometimes-rpc7 32773/tcp open sometimes-rpc9 32774/tcp open sometimes-rpc11 32775/tcp open sometimes-rpc13 32776/tcp open sometimes-rpc15 32777/tcp open sometimes-rpc17 32778/tcp open sometimes-rpc19 32779/tcp open sometimes-rpc21 32780/tcp open sometimes-rpc23 32781/tcp open unknown 32782/tcp open unknown 32783/tcp open unknown 32784/tcp open unknown 32785/tcp open unknown 33354/tcp open unknown 33899/tcp open unknown 34571/tcp open unknown 34572/tcp open unknown 34573/tcp open unknown 35500/tcp open unknown 38292/tcp open landesk-cba 40193/tcp open unknown 40911/tcp open unknown 41511/tcp open unknown 42510/tcp open caerpc 44176/tcp open unknown 44442/tcp open coldfusion-auth 44443/tcp open coldfusion-auth 44501/tcp open unknown 45100/tcp open unknown 48080/tcp open unknown 49152/tcp open unknown 49153/tcp open unknown 49154/tcp open unknown 49155/tcp open unknown 49156/tcp open unknown 49157/tcp open unknown 49158/tcp open unknown 49159/tcp open unknown 49160/tcp open unknown 49161/tcp open unknown 49163/tcp open unknown 49165/tcp open unknown 49167/tcp open unknown 49175/tcp open unknown 49176/tcp open unknown 49400/tcp open compaqdiag 49999/tcp open unknown 50000/tcp open ibm-db2 50001/tcp open unknown 50002/tcp open iiimsf 50003/tcp open unknown 50006/tcp open unknown 50300/tcp open unknown 50389/tcp open unknown 50500/tcp open unknown 50636/tcp open unknown 50800/tcp open unknown 51103/tcp open unknown 51493/tcp open unknown 52673/tcp open unknown 52822/tcp open unknown 52848/tcp open unknown 52869/tcp open unknown 54045/tcp open unknown 54328/tcp open unknown 55055/tcp open unknown 55056/tcp open unknown 55555/tcp open unknown 55600/tcp open unknown 56737/tcp open unknown 56738/tcp open unknown 57294/tcp open unknown 57797/tcp open unknown 58080/tcp open unknown 60020/tcp open unknown 60443/tcp open unknown 61532/tcp open unknown 61900/tcp open unknown 62078/tcp open iphone-sync 63331/tcp open unknown 64623/tcp open unknown 64680/tcp open unknown 65000/tcp open unknown 65129/tcp open unknown 65389/tcp open unknown 
submitted by ThreshingBee to Kali_Linux_Essentials [link] [comments]

Beware of coinbase "instant transfer"

Update: as suspected, the cs was lying that the ACH could not be canceled because it was "queued up with their partner bank". I just received an email that my transaction was canceled. No ACH attempt was ever made (pending or complete) to my bank.
I wanted an easy way to pay my brother for baby sitting my dogs while at the same time educating him on bitcoin. I had heard good things about coinbase regarding the speed of bank acct transfer and fair transaction fee.
After installing the app it asked to verify my phone number. After verifying it asked me to link my bank account and i did successfully using the instant method by providing my bank login details. Then i started to buy btc but it warned me that it would take 4-5 days unless I enabled instant transfer. When I tried to enable it, I was told I had to add a credit card and I couldn't do this in the app.
Mildly annoyed, I logon to the website where I'm told I can't login without two factor authentication. Why is this a rqmt on the website but not the app? So I provide my phone number (again) and instead of a text I'm told I should really instant the authy app because this is faster. So then I install authy app and perform 2FA with authy which I realize is not faster at all.
Finally logged in I add my CC. I'm then told that I can't enable instant xfer without verifying the cc is mine. Luckily the verify transactions are instant and I confirm them. At this point I appeared to have done all that was needed for instant buying of btc and since it has taken me 2 hours I decide to do it later.
Days later I login to the app and buy btc. 15 min later the transaction is still pending and the coinbase wallet has no coins. I click the transaction where I'm told the estimated completion date is 5 days later.
Thinking there's a misunderstanding, I contact support and ask why its not instant. Within 30 minutes I get a response that says I need to verify my identity in order to enable instant transactions. I remember see this option on the website but it wasn't obvious that this was yet another rqmt for instant buying.
Very annoyed I log back onto the website and verify my identity. An hour later my transaction ECD is the same. Thinking my transaction is stuck in the pre-verify identity logic I figure I can clear this up with another customer service email so I explain that I verified my identity and its still on the slow train.
An hour later and the cs replies that my transaction was over $100 and so ill have to wait. However he had good news, I can get around this rqmt if I do under $100 purchases. Now I'm wondering how useful this is going to be if I can't buy more than $100 in btc. But at least I can pay my brother.
Back in the app and I try to buy $27 in btc. Wrong answer! The app tells me I can't make any more buys until my first transaction is completed. Now I'm pissed.
I send cs a 3rd email telling him that it won't let me do what he just finished telling me to do. Fast forward 90 minutes and his reply is that yes I have to wait. No explanation why he's been leading me on this whole time knowing that I'm never getting any btc sooner than 5 days.
Now i feel like a fool. I send yet another email to cs and and ask him to cancel the funding because I don't want to wait 5 days to pay my brother. My effort to educate him on btc is a failure and I'll have to use cash.
An hour later I get a response that he cannot cancel the transaction because the bank has already processed the ACH submission. I call my bank and they tell me there's no such transaction and further more, ACH requests aren't processed on Sunday.
To add to all the misinformation from coinbase cs, now they're just flat out lying to me.
If these are the hurdles we have to overcome for btc adoption, I have zero confidence. I have given coinbase access to my smartphone, my verified phone number, my verified bank acct, my verified credit card, two factor authentication, my verified identity and lots of time to no avail. I understand coinbase has to manage risk to protect themselves but theyve gone off the deep end. Worse, their cs lies about the restrictions to lock you into transactions. My only hope is that some other competing companies can do it right before the bitcoin hype wears off and all we're left with are poor experiences.
submitted by kevincw02 to Bitcoin [link] [comments]

offline / paper / hardware wallets

Im currently using bitcoin core on a linux host for a hot wallet. I want to implement long term offline secure storage. Lets say I create a new address in a disposable vm:
[email protected]:~# bitcoin-cli getnewaddress 18cZxV4FAKEcP25xPUBKEY5hZ6druPjkZC
and get the private key:
[email protected]:~# bitcoin-cli dumpprivkey 18cZxV4FAKEcP25xPUBKEY5hZ6druPjkZC KzwkQsU5aFAKE1P7KAxTPRIVKEYiSGdQ7qaKsYbTrSKcdi6BzTNV
And xfer some BTC to this address, simply print these this key pair, then afterwards shred the vm. These keys don't exist anywhere in any wallet now, just these 2 strings on a piece of paper.
Do I need anything besides these 2 values to recover my BTC later? I feel like "bitcoin-cli importprivkey" should work, I just want to be more confident before I try it with real $.
I see paper wallet software that prints QR codes and who knows what else. Web sites that offer this service could keep my info, software could report back to some server and collect everyone's keys, etc... What are the benefits of using someone else's paper wallet system? Instead of printing, I could copy/paste key pairs into an encrypted xlsx stored on encrypted flash drives / SD cards and keep copies in different very secure locations. What about copying wallet.dat to it before shredding the vm that created the address? What are the benefits of buying a hardware wallet vs doing something like this?
submitted by suprstar1072 to BitcoinBeginners [link] [comments]

Miners won't show on my Pi

I got my hands on 3 Block Erupters, a Logilink UA0124 powerid USB hub and wanted to mine on my Raspberry Pi 3.
I followed this guide without problems, until I get to the ls /dev/USB part.
When connected to the Pi it seems like only one of the ports works. If I plug a miner into that port, it shows up: /dev/ttyUSB0 It doesn't matter which of the three miners it is, they all enumerate in that port.
If I have all three miners plugged, they all have a green light shining, and nothing shows up on the Pi. If I then unplug the USB hub from the Pi and plugs it into my main computer running Ubuntu, all three miners show up there.
So all three miners works on my main computer but doesn't enumerate on my Pi. What am i missing?
The hub is of course powered by and external powersupply, 3.5A.
Final update: I had an old very cheap USB hub which surprisingly works. All three miners are now plugging away happily at just shy of one Gigahash. I can't wait for the riches to start accumulating ;)
Update: dmesg output: That did show something:
[41845.871013] usb 1-1.3: new high-speed USB device number 61 using dwc_otg [41845.971969] usb 1-1.3: New USB device found, idVendor=14cd, idProduct=8601 [41845.971989] usb 1-1.3: New USB device strings: Mfr=1, Product=3, SerialNumber=0 [41845.972003] usb 1-1.3: Product: USB 2.0 Hub [41845.972015] usb 1-1.3: Manufacturer: USB Device [41845.974159] hub 1-1.3:1.0: USB hub found [41845.974650] hub 1-1.3:1.0: 4 ports detected [41846.251005] usb 1-1.3.1: new high-speed USB device number 62 using dwc_otg [41846.351944] usb 1-1.3.1: New USB device found, idVendor=14cd, idProduct=8601 [41846.351962] usb 1-1.3.1: New USB device strings: Mfr=1, Product=3, SerialNumber=0 [41846.351975] usb 1-1.3.1: Product: USB 2.0 Hub [41846.351988] usb 1-1.3.1: Manufacturer: USB Device [41846.353344] hub 1-1.3.1:1.0: USB hub found [41846.353502] hub 1-1.3.1:1.0: 4 ports detected [41846.431014] usb 1-1.3.3: new full-speed USB device number 63 using dwc_otg [41851.511033] usb 1-1.3.3: device descriptor read/64, error -110 [41866.701111] usb 1-1.3.3: device descriptor read/64, error -110 [41866.891109] usb 1-1.3.3: new full-speed USB device number 64 using dwc_otg [41871.971140] usb 1-1.3.3: device descriptor read/64, error -110 [41887.161224] usb 1-1.3.3: device descriptor read/64, error -110 [41887.351225] usb 1-1.3.3: new full-speed USB device number 65 using dwc_otg [41897.771244] usb 1-1.3.3: device not accepting address 65, error -110 [41897.851240] usb 1-1.3.3: new full-speed USB device number 66 using dwc_otg [41908.271326] usb 1-1.3.3: device not accepting address 66, error -110 [41908.271456] usb 1-1.3-port3: unable to enumerate USB device [41908.351336] usb 1-1.3.1.2: new full-speed USB device number 67 using dwc_otg [41908.431321] usb 1-1.3.1.2: device descriptor read/64, error -71 [41908.541347] dwc_otg: DEVICE:000 : update_urb_state_xfer_intr:1435:trimming xfer length [41908.621307] usb 1-1.3.1.2: device descriptor read/64, error -71 [41908.811296] usb 1-1.3.1.2: new full-speed USB device number 68 using dwc_otg [41908.891293] usb 1-1.3.1.2: device descriptor read/64, error -71 [41909.081294] usb 1-1.3.1.2: device descriptor read/64, error -71 [41909.271296] usb 1-1.3.1.2: new full-speed USB device number 69 using dwc_otg [41909.691299] usb 1-1.3.1.2: device not accepting address 69, error -71 [41909.771299] usb 1-1.3.1.2: new full-speed USB device number 70 using dwc_otg [41910.191301] usb 1-1.3.1.2: device not accepting address 70, error -71 [41910.191384] usb 1-1.3.1-port2: unable to enumerate USB device [41910.271330] usb 1-1.3.4: new full-speed USB device number 71 using dwc_otg [41915.351366] usb 1-1.3.4: device descriptor read/64, error -110 
It's a 7-port hub with three of the ports occupied by the block erupters.
submitted by tamen to BitcoinMining [link] [comments]

Can't fund MtGox with OKPay, what remaining options are there from UK?

Sigh. I've just found out I can't fund MtGox with OKPay anymore (I buy monthly, last bought before the crash, before this). So what remaining options are there? (I'm buying with GBP, prefer bank xfer if poss).
submitted by marcoski711 to Bitcoin [link] [comments]

Buying Doge in Australia?

Hey guys I'm new to this buying cryptocurrency thing, is there a good website/exchange out there where I can quickly buy Doge? (Or I assume BitCoin to xfer to Doge).
submitted by Trianix to dogecoin [link] [comments]

03-06 05:42 - 'I disagree with you, on almost all accounts. Firstly, as i explain elsewhere: if we agree a hardfork, there is no need for a discounted witness, and a clean blocksize number can be agreed. 4MB seems reasonable. / You are just...' by /u/rainadi removed from /r/Bitcoin within 216-221min

'''
I disagree with you, on almost all accounts. Firstly, as i explain elsewhere: if we agree a hardfork, there is no need for a discounted witness, and a clean blocksize number can be agreed. 4MB seems reasonable. 
You are just parroting the same mistakes that I've been forced to counter a million times. We cannot agree to a hardfork so what you want is unrealistic and impossible to achieve. Even if we could just hardfork to 4MB it does not fix the problem.
Kicking the can down the road is not a solution, thats a bubblegum patch.
Real professionals engineer solutions instead of stuffing bubblegum in the hole on the ship. You are advocating a rookie solution to a highly complex problem, and the reason you are advocating this is because you do not understand this system.. Its no wonder you disagree with me....you are not educated on the facts. You are engaging in the all too common false dichotomy of ignoring the middle ground. Sure, lets hardfork! Except we cant. Sure lets raise the BS to 4MB! Except that opens up cpu ddos attack vectors with a appropriate fix (hint: thats one of SW's many benefits).
Major wallet providers may have implemented segwit, but most BTC owners HODL, and it will take years upon years to convert old addresses into the new format. 
Huh? I dont think you know what you are talking about. People who are holding bitcoins are not generating transactions. They have no impact on blocksize unless they are trying to move their coins. If they are going to move their coins its going to a take a one time transaction to do so...but this is all besides the point because holders dont need to xfer their coins to SW compatible addresses.
SW is opt-in. Holders can continue to use old P2PKH addresses if they desire. There is no reason for them to move their coins unless they want to spend them or put them on a payment channel. It will not take "years"....it will take 1 single block confirmation should they wish to move their coins and pay the appropriate fee and even then its opt-in and not a requirement and therefore has no impact upon blocksize.
As for decentralization, well, it can be measured in all manner of ways, and bitcoin already fails in many of them. Clinging onto projected node numbers for a 1.5 year old report makes little sense. All in all, what we want is distributed ownership of nodes spread globally, be that in someones house or in a data centre. More transaction throughput will help businesses using bitcoin grow, and it is the vested interests that are going to really support bitcoin and node numbers in the future. 
You started off this sentence by creating a red herring. So because "it has failed" then we should just give up on decentralization?
People like you are incoherent, irrational and uneducated. You clearly dont even know what you are talking about and yet here you are on reddit trying to assert that you know best.
Its nice to have an opinion dude. But its not nice to pretend that you know whats best when you have demonstrated you dont even understand the basics of bitcoin.
Its ok to not be educated. I was pretty clueless for a long time and it took a lot of reading and posting here to get me up to speed.
But I wasn't going around posting telling other users here that they were wrong. Instead I was asking questions and seeking to understand.
You should be asking more questions instead of asserting your ignorance. You are a living dunning-kruger. Just please ask more questions instead of making assumptions on things you shouldn't have any confidence in because you literally dont know the answers to bitcoin101 stuff.
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: rainadi
submitted by removalbot to removalbot [link] [comments]

One man's journey in helping his friend avoid the so-called "Australia Tax" on Steam

tldr; Tried, and failed, to avoid the Australia Tax on Steam. Because, we're all idiots.
Warning : Do not read if you don't want to repeatedly punch yourself in the face. But, if you're like me, you enjoy that sort of thing. That much is true.
Here's the tale of one person (me) attempting to help my friend who absolutely refuses to pay the so-called Australia Tax. For those unaware, the "Australia Tax" is the reality that most electronic goods and software are inexplicably more expensive down here than they are anywhere else. Because, Australia. I don't know.
The thing is, I don't really care that much. But my friend, lets call him Charles, hates it. The problem? Charlie wanted to get a copy of GTA V. Purchasing on Steam wasn't an option and it's the same deal if he were to go retail. Charlie had a dilemma and so with that, he turned to me. I'm the clever problem solver.
We hatched a plan that seemed legit to me. I have a lot of friends in North America, and they're all gamers like us down here. So the plan was to get one of those gamer friends to purchase the game in North America and simply gift it to Charlie. Well...
Charlie, aside from his slightly misguided attempt to curtail perhaps the business expense of Australian customers (whatever those are) or the increased risk of shipping software to this part of the Internet (because snakes or venomous spiders are on the Internet here too), has a small issue. Several in fact. He can be tremendously difficult to get a hold of. When you text him, he'll reply in email. When you email, he'll call you in Skype. When you Skype him, he'll phone you on the phone. I don't understand why, but I'd learn why by the end of this particular tale.
I contact my first friend, Terrence. He agrees immediately and I message him with Charlie's SteamID. I don't pay any more attention as now the deal should be done right? Uh, well, it wasn't long before Terrence sends me a quizzical email asking why Charlie blocked and ignored him on Steam.
Apparently Terrence made several attempts to message and connect with Charlie, but they were wholly ignored. After getting blocked and ignored, Terrence short-circuited and aborted his part of the evil plan. Why ask us to go thru these shenanigans and then block the person that will help you? At any rate, once I texted Charlie with a WTF?? He replied to me on Skype. Why Skype? I have no idea. He explained he thought it was some scammer and refused to cooperate with someone whom was clearly scamming him. Never mind that he explicitly asked for this to happen. Anyway, Terrence was out. And Phillip was in.
Phillip is also an intriguing character. He rails against the government, taxes, traffic, toll roads, you name it. He was not only joining our plan, he was down with it in a big way. Awesome. I explained the plan, gave him Charlie's SteamID and considered the deal done. Little did I know, it wasn't over by a long shot. You see, the SteamID was too complicated (apparently) so it was requested that I give Phillip Charlie's email address. No problem, done. We also agreed that the next time I was in North America (I go frequently) I'd hand over the cash in person, even with a bonus free dinner on me. With this in place, I forgot about it.
Charlie and Phillip don't speak, message or communicate in any way. They are separated by 10,000km of deep ocean and 17 hours of the Sun's Azimuth traversal. But they may as well be in separate places in history too, one where the Vikings have recently vanquished the Stone Age Clan, and the other a gritty gothic castleworld with a cackling mezzodaemon perched at the top.
Since I volunteered to be the intermediary between these two fine geniuii, I had to see if it all went to plan. After I don't hear anything for a couple days, I message Charlie in an attempt to ensure that he is dutilfully checking his email and Steam regularly. I also try to monitor things so that Phillip isn't gifting the prize to some other random Steam user. And this is where it all fell apart. Despite my monitoring and messaging, Charlie never really replies. But I finally get a voicemail asking me when he'd receive the gift? But..I..just texted..you. Why voicemail? I suspected that he'd lost his email password but in that exact moment, I get an email from Phillip immediately demanding, "oh hey, that money transfer should be done soon yeah?". What money transfer? I didn't agree to that! But whatever, I was getting beyond caring and I just wanted everyone to be happy, so just rolled with it. "no problem coming soon". However what I wanted to know was, "Where is the game? Charlie never received it." And it dawned on me why our dinner date was turning into "instant money xfer" - Phillip must have gifted the wrong person!! And to recoup his losses, he'd collect the money, assign blame and finally absolve himself entirely of the situation! Fucker!!
At any rate, Charlie didn't receive the gift. Nothing in Steam, and nothing on email. Phillip wanted his money now. The game was nowhere, and I'm sitting here in shock... wondering where everything went wrong. I was becoming frustrated at this stage, so I had a FUCK IT!!! moment and just decided to BUY THE FCUKING GODDAMN GAME FOR CHARLIE. I'd wire transfer the funds to Phillip, dust off my hands and say "fuck it" again and just call it a loss. Oh well!
So I do this. Well attempt to, anyway. Charlie instantly receives a new copy of GTA V from the Australian store. Australian Tax Gods : 1, Charlie : 0. Then I go to my bank to arrange the wire xfer of the money to Phillip, which now tacks on $22.00 for "banking fees" and exchange rate. One small problem. Phillip's banking details are wrong and I have to go through numerous emails to check them.
And that's when I find an older note from him, buried in various email threads. It says "hey man, sent the package, his email is [email protected] yeah?" And that's when I tell Charlie to go and check his stupid mail again. Every goddamn folder. Every goddamn message. Spam, Saved, Priority, whatever. Open that inbox, dump it out on the table, and find something. Shortly thereafter... I get a message from Charlie:
"It was in Promotions"
OMG. So now he has the game from Phillip. And he has the game from me.
So now I'm out $176.89, Rockstar gets paid twice, the Australian Tax is un-avoided and the Gamer Gods can be heard tittering at this idiot (ME) sitting in the middle wondering why the world has gone full retard. And the latest is that the money xfer between our countries is not easy. Phillips bank doesn't do international transfers. It uses it's parent bank, who then uses an intermediary bank that must go to my bank. That's three banks dealing with a $100 transfer. The form page on my bank doesn't accept "invalid characters in the address" (there aren't any), so yeah, banks are pretty fail. Why can't I use bitcoin again?
Moral of the story? Just pay the fucking Australia tax. And stay the fuck away from Phillip and Charlie.
submitted by covertc to gaming [link] [comments]

Trying to shuffle money out of coinbase without waiting 20 years for verification.

Ive got some bitcoin stuck in my coinbase account that lost the link between my bank account and the app itself. Now it treats the same bank that I re-entered as a new one sending two verification pennies (or whichever amount).
Is there a way for my bitcoin to be transferred to another app or do I need to wait for verification to cashout? Every minute that coinbase waits to verify, im losing pennies and dollars in value making me want to pull out money even faster. Pretty hypocritical that I can instantly BUY bitcoin at a locked price but have to wait to SELL at an unlocked freefalling price.
Can I xfer to another app or is it permanently locked in Bitcoin until I turn it into dollars again?
submitted by KZalpha0018 to BitcoinBeginners [link] [comments]

[Table] IAmA: Hi, I'm Kristen Christian & I started Bank Transfer Day. AMA!

Verified? (This bot cannot verify AMAs just yet)
Date: 2013-07-26
Link to submission (Has self-text)
Questions Answers
What were some of the greatest challenges you faced when setting up Bank Transfer Day? Did any of the banks retaliate against you personally? The time commitment that was required that first month was a huge challenge. I ended up putting my life completely on hold to give the campaign the effort it deserved. There have been a handful of banking executives who have tried to discredit me, but they haven't gotten very far. There was one side effect I didn't expect— the FBI has apparently added my name to the Selectee List. I can still travel, but I'm scanned, patted, swabbed, searched & interrogated every time I fly.
That is sickening to hear. Meh. I try to keep a sense of humor about it. All you can do.
Well you annoyed the big players in the world, its a shame they have to use such tactics rather than making there companies better. Sadly, I think a sense of entitlement may be preventing these corporations from taking a hard look at how they could be more appealing to the average person.
Think of it as a pre-flight massage. Haha. Next time they pat me down I'm going to mention that I have a kink in my neck that I'd love for them to work on.
They are not entitled to anything, people can vote with their money! But you are right though. The sooner bankers realize that no one is entitled to anything he or she doesn't earn, the sooner they may be able to salvage their organizations' public image. Companies must be mindful of how their actions impact communities if they hope to receive patronage from this new civic-minded generation of consumers.
People are getting more savvy with there money. And people wont stand for any crap these days! I am from the UK and have just found one in my city that i am interested in. Thanks for doing this IAma! I didnt even knew they existed. Glad to hear from an international supporter! If you're in the UK, you may be interested in Cooperative Trust. I've been following their work since Bank Transfer Day, and it's really impressive! James Marshall, the leader of this fantastic group is based in London.
Thank you for answering this (again) I wanted it in the main Thread so everyone can see the answer. I am reviewing my options now. I am very excited to move to a Credit union and take my money away from these greedy banks. You're very welcome! Let me know if you need anything else.
Do you own or have the rights to "Bank Transfer Day?" Who owns or has rights to "Move Your Money?" CUNA owns "Everyday is Bank Transfer Day," but those other pieces? Relatedly, who maintains the Bank Transfer Day social media outlets (e.g. twitter, facebook)? Although I originated the name "Bank Transfer Day" and "Every day is Bank Transfer Day," a credit union league filed for copyright of the latter phrase without my knowledge or permission. I asked that it be turned over to CUNA so that it might be used for a national level campaign, but that never happened. I've never filed for copyright because I wanted this movement to belong to every person who supported it. Attorneys have advised that should anyone else attempt to copyright, there's adequate proof of origination. There are a couple of volunteers help curate content. They've asked to remain nameless due to the threats I've received for my involvement. I remain personally active in the social media channels as well.
Glad to hear your decision to not go the IP route. Do you have plans to formalize any sort of organizational structure? Not in the financial sector. I see access to data as a service Americans desperately need but co-operatives currently can't provide so I'm putting together a steering committee to start a national-level telecommunications co-operative. Anyone who's interested in joining the steering committee can send me a private message via Facebook.
I'm involved in an attempt to mutualize our fiber-based municipal telecom in my hometown. Are you talking about that sort of telecom, or is the aim more at the wireless market? Sort of similar. There are a handful of region-based telecommunications co-ops, but I'd like to see one on the national level to compete with the "big guys." I really like the Phone Co-op's model, and they've been kind enough to offer guidance.
What do you think about the Big Bank's lobbying Congress to remove the non-profit tax exemption from credit unions? If passed, this will crush the credit union's ability to compete against the banks. Check out Link to www.donttaxmycreditunion.org. I've been very supportive of the "#DontTaxMyCU" campaign. I think bankers must have a big brass pair to try for something like this. At the end of the day, our votes put candidates in office; no amount of campaign contributions can do that. They might have money, but 1/3 of all Americans are members of a co-operative... and that number's growing every single day.
What's it like having your first name and last name being remarkably similar? It's actually pretty awesome! People don't seem to easily forget it, telemarketers struggle to pronounce it, and people randomly sing Night Ranger at me.
Is that your married name? Or did your parents choose that combination for you? Please read back through the comments to any of the 100 times I answered this before. Thanks! :)
Why was this removed? has it been moved? I'm not sure why reddit has removed the text for other users. It's still viewable on my screen. Trying to contact moderators now.
Well when you get it figured out please let me know. Looks like they've sorted it. Phew!
Real quick, I currently have Chase, I hate them and get charged on an average of $40 in fees just to bank . How do I find a credit union to move my money to ? I am Queens , NYC I've found that the best resource for finding a credit union in America is A Smarter Choice. If you'd like, you can also comment on the Facebook wall & I'd be glad to ask for personal recommendations from other supporters.
You are super awesome , Thank you. I am looking into the A Smarter Choice now. if needed I have your Facebook added already and will post there (Facebook is how I found out about the AMA ) Glad to hear it! Please don't hesitate to ask if you need any help finding the perfect credit union for you.
Have a "big bank" contacted you and try to change your mind on your cause? I think most bankers were smart enough to know I wasn't going to change my mind or back down. The CEO of a "big bank" did call to apologize for the online behavior of one of his executives. This was after I'd emailed screenshots of the posts and proof of the person's employment to the CEO & members of major media.
Do you have a financial background? If you had a $100,000 in cash and your house was paid for, how would you invest that money? I don't have a background in finance. It seems to me that the three most important services for the next several decades will be food, finance & data access. We're blessed to have great credit unions & food co-operatives, but lack a national-level mobile phone co-operative. I would use the $100,000 to fund such an endeavor.
I don't think you have much of a concept of how little a dent 100k would make on a project like that... I don't think you realize how far I'm capable of stretching a dollar. The entire Bank Transfer Day campaign was run on $10. :)
YAY for credit unions! I used to be the marketing manager for a big single-seg credit union. Loved our members, and loved the credit union philosophy even more. Question for you... how do you feel about the idea that credit unions are starting to act more like 'banks' and the ABA's lobby to start taxing credit unions? In which ways do you feel credit unions are beginning to act more like banks? The efforts to eliminate the tax exemption status are ridiculous, at best. I see it as a last minute (and incredibly desperate) attempt to strong arm consumers into banking with them. If Senate allows this, there will be a lot of lawmakers out of work next election.
How did the experience of orchestrating BTD change you personally? I hardly recognize the person I was two years ago! I've found myself becoming more & more aware of how the simple choices I make can have a significant impact. Being in the public eye has made me appreciate every ounce of privacy I still have. Overall, I feel as if I've found my calling... to promote co-operation both as a business model & a way of life.
Hi Kristen. As you know my company did a lot of quantitative & qualitative research on the impact of Bank Transfer Day. One conclusion reached by both research methods was that many people (even the unhappier ones) ultimately stay with a large bank because the mobile or other technology is simply more advanced there. In your work with credit unions or community banks, what do you advise them about meeting the needs of people-and especially younger people-who want the convenience of advanced digital 'banking' methods? Technology is going to play a huge role in acquiring & keeping members. I recommend that credit unions take advantage of the services many of their great vendor companies offer to provide resources like shared branching, mobile banking, remote check deposit to members. With a completely branchless model, I think PSECU is a great example of the banking model of the future.
The lack of technology, remote deposit and poor shared branching (especially internationally) is what keeps me away from CUs. That's a common misconception. Many credit unions have embraced mobile banking & remote deposit as part of the frills offered. I travel internationally fairly frequently & have yet to have an issue anywhere I've gone.
It's not a "misconception", its my personal experience. Show me a CU that offers the equivalent to BofAs mobile banking app (check deposit, bill pay, xfers, etc) and doesn't require me to be a former military member or something. Off the top of my head, PSECU offers everything you mentioned.
Yep, PSECU does all of that as well as provides your credit score for free each month. Just when I think I can't love PSECU any more...
Which the average person isn't eligible for. I have no relations to higher Ed in PA. This is one of the problems of CUs in my opinion - the requirement to be part of some subset. Banking lobbyists have successfully prevented credit unions from offering small business loans or expanding membership fields beyond the last inclusion of the relative/live/work/worship clause.
Either way - regardless of how it happens. This is one of the reasons CUs don't work for many people. Instead of complaining about the symptom, why not help fix the problem?
Nothing is ever 100% positive. In your opinion, what advantages do the big banks have over the average CU? The only advantage banks seem to have currently is their ability to sway lawmakers through campaign contributions. As for my personal experiences— Banking with BofA was a nightmare, at best. It's been nothing but smooth sailing at my credit union. I have access to more conveniently located ATMs than I had with BofA, lower interest rates on my lines of credit and the profits from my banking business is used to invest in my community. All around win.
So CUs are always better for all people? Come on. I know you are an advocate, but even you can't be so naive as to think that. I believe nearly every American would benefit both for themselves & their communities by joining a credit union.
OK - nearly isn't every. What kind of American wouldn't? I've yet to come across an American who wouldn't benefit from co-operative membership, but if I do meet one I'll let you know.
What is this? A credit union for ants?... Hey, even insects deserve equal access to affordable financial services! Haha.
Do you think that the "Big" banks are starting to get the message, that the power lies with the people, or are they still on a path that is not good for most Americans long term? TRANSLATION: Do they really not give a crap about the average Joe and Jane 6-pack working hard for a living and still scraping by? Link to www.facebook.com. I think "big banks" have heard the message, but I don't think they're ready to admit that their business practices led to the largest consumer shift in American history. Instead of improving the business model, bankers are pressuring Senate to eliminate the tax exemption status of credit unions.
You are more powerful than sarah kerrigan? Quite possibly. If only there was a way to know for sure...
Funny you mention that, the CU's have been running a student loan consolidation through the cuGrad program. You know SoFi is Morgan Stanley right? I met Ian Brady from SoFi at the G8 Summit Innovation Conference. He assured me that the lending was coordinated through donations by alumni, but I will definitely dig further into this.
Very innovative group there, I will send you some info. Also, check your FB for some info I just sent on our Google Hangout series, very exciting interviews planned. Awesome! Will do.
Do I still celebrate Bank Transfer Day if I dont pay any fees to bank? What day is Bank Transfer Day anyway? It wasn't so much the fees themselves that set me into motion, but the principle behind them. To me, the policy was symptomatic of an overall problem within for-profit banking structures. Bank Transfer Day began as a Facebook event & quickly became the largest consumer migration in American history. You can learn more about it on Wikipedia or Facebook.
You don't honestly believe you've changed anything, right? I don't believe that I singlehandedly changed anything. I believe that working together millions of Americans changed a few things. First, their transfers allowed credit unions to continue offering responsible loans with low interest rates to small business owners. Second, these loans combined with how many employees were hired by credit unions, Americans saw the unemployment rate drop. Finally, we illustrated that if a girl with a laptop and $10 can reach millions of Americans then campaign funding is no longer as vital to a candidate as it might have been in previous elections.
I live in the Las Colinas neighborhood of Irving, TX near Dallas. Do you know of any credit unions in my area that would be the best to check out? I am middle class and will use direct deposit several times monthly. I do not own a home or any large assets and usually use online banking. I'm with Chase currently and want to get away from them. My credit is not the best either. I am not really sure where to start or where to find out which credit unions in my area are the best. Any suggestions? I found several credit unions near you on A Smarter Choice, but I'm not personally familiar with any of them. If you'd like, I'd be glad to ask Bank Transfer Day's supporters for a personal recommendation; they're great about that. Just send me a private message via Facebook.
When you first created the Facebook event, the location of the event was listed as "Occupy Wall Street." How important do you think the Occupy movement (which was peaking in OctobeNovember 2011) was to the success of Bank Transfer Day? It's a common misconception that the Facebook event page had listed the location as "Occupy Wall Street." The best answer I can think of is that there were several factions of OWS that created secondary event pages that people may have seen. While I appreciated the support that was received from various groups across the political spectrum, I wish that leaders of groups like OWS hadn't chosen to cause disruption & break laws in the name of Bank Transfer Day.
Now who will step up and create a bank or credit union that has LEED platinum buildings powered by renewable energy that also invests in renewable energy? There will be bike parking and the thermostat will be set to save power (my CU has it at a frigid 73 F and when I asked what they invest in they told me T bills.) ??? are you the one? Speak to your credit union about their energy usage. Start with the branch manager. If he/she doesn't listen, go up the chain of command until someone does. On the off chance no one listens, take it to the next board meeting. You're part owner of your credit union. Speak up.
How mad are you that you parents named you Kristen Christian? Not at all. Besides being memorable, it's a great way to screen telemarketers... they can never pronounce it.
Oh, and it's more than a little satisfying to overhear a FOX reporter practice your name over & over. MUAHAHAHAHA.
Haha, it is very unique! I like it :-) Me too. :)
I have a friend who is thinking about switching from a Credit Union over to Chase because "they're more convenient" with regard to locations and teller hours. What can I do to sway her back to responsible banking? It sounds to me like maybe she didn't choose a credit union that suits her needs. There's a credit union out there for every single person. I bet she'd be happy as a lark if she joins one with shared branching, online/mobile banking & remote check deposit. If she'd like help finding such a credit union, I'm always glad to point consumers in the right direction. Either of you is welcome to send me a private message on Facebook for personalized help.
How do you feel about regional banks -- specifically (if you know of it) Umpqua bank in the Pacific NW? While some smaller banks do invest in their communities in amazing ways, I'm still wary of for-profit banks for a couple of reasons. First, I want to have a say in how my financial institution is run. Unless I'm a shareholder at a bank, I have no say. Secondly, a corporate bank can buy out a community bank without customers even being informed. I believe wholeheartedly that co-operatives are the best option for consumers.
Why was the original bank transfer day on a saturday? November 5th 2011 was just a deadline goal. I chose the date as a goal because it was about a month away when I created the event & Eddie Colla had just sent his icon image of an American flag superimposed over a Guy Fawkes mask. The stars seemed to be aligning, so I went with it.
Some argue that there is no escaping shadow banking. How much impact does moving retail account money into credit unions make on the shadow banking industry? I can't give you a definitive answer, but I will say that I started the campaign with no expectations & a belief that every dollar can make a difference on the local level so I've already far surpassed my own desires for the results of BTD. Every little bit helps.
I used your organization in the advocacy section of my thesis, "Financial Speak: Unmasking the Criminal Discourse of Wall Street." Your work is a big part of the consciousness raising effort needed in finance. Thank you. That's really awesome! How was it received?
Will do. I'm looking forward to continuing our conversation. Same here!
Did you change your name for the publicity value, or are your parents totally unaware? If I was going to pick a "stage name," do you honestly think I'd choose this?
What are your thoughts on Public Banks? There is a few state level legislatures in my state that are keeping the idea a alive in the WA State congress. I think they sound great for state, county, and municipal banking needs. I think they could be of benefit to particular communities and definitely better than a "big bank," but I still believe wholeheartedly that co-operatives are the overall best option.
Did you marry into the name Christian, or did your parents not think through the mouthful that is 'Kristen Christian'? It's my given name. Funny thing is, I never realized how strange my name was until I moved to LA a few years ago & everyone asked if it was fake.
Why use a bank? They are all scum in the end. Use cash or bitcoin as much as possible. A credit union isn't a bank, but rather a not-for-profit member-owned financial co-operative... so each is only as "scummy" as its members.
They still have employees to pay, CEO's still take huge salaries. They are just slightly different than a normal bank. I'm confused. Are you advocating that people not be compensated for their time & labor? The difference between the salaries of CEOs at banks & credit unions is staggering! Check out this CUTimes article.
Wow. You sound like you are trying to do a commercial. That's a great idea! We should do a commercial to reach even more people.
Facepalm. At least you are positive. Have a good day. You too!
Do you have any examples you can point me toward? Off the top of my head, PSECU.
Why did your parents pick a first name so similar to your last? When I was adopted at a young age, my birth name had been "Cristin." My folks decided that the best option would be to change the spelling of my first name to minimize confusion & allow me to keep a part of where I'd come from. Nearly 30 years later, I think they made the right choice. I've come to really love my strange little name.
I am very pleased with your response as most people would ignore such a question but I don't know anything about banking and I was curious. Enjoy your weekend! If someone takes the time to ask a question, surely I can take time to respond. Have a great weekend too!
You are a wonderful person Kristen! When is the next bank transfer day? Thank you! I like to think that everyone is wonderful in their own way. I feel so very blessed to have this experience, but due to the violence perpetuated by groups that supported the first deadline goal, I won't be coordinating another event like the first Bank Transfer Day. I do plan to continue commemorating the original date both publicly & personally. Last year I spent November 5th speaking for Credit Union Legislative Action Committee before returning to the privacy of my hotel room to read letters & posts from supporters. It really is so touching how so many of you take the time to reach out & encourage me along the way. Something like this is too much for one person to take on alone. I really couldn't have done it without each & every single person who lent their time & talent.
I have huge commitments with a bank which include a mortgage for over a hundred thousand dollars. Can a credit union take on that kind of debt or is it just where you deposit money to get around banking service charges? Credit unions offer all of the same services that traditional banks offer. The main differences the average consumer would notice is reduced interest on loans, higher interest on checking/savings, profits from your banking business are put to work in your community and as a member-owner you have a vote in how the institution does business. On the back end that a consumer may not notice, CEOs are typically paid far less and front line staff are paid more than for-profit counterparts. If you have huge account balances or business loans, it could be tricky, but I can put you in touch with your state's league & ask them to help you find a credit union to suit your needs. Just let me know.
Just pick a credit union with branches all over the country. Both Veridian and Collins Community have branches all over Iowa, I assume they're nationwide as well. John Deere is pretty much only in Waterloo / Cedar Falls, I assume that's who you went with? My credit union has a limited number of branches. I like that their focus is specifically on the community that made me the woman I am today. Yet... I can bank anywhere in the country & even have no issues traveling outside of the US because my credit union participates in shared branching.
Cool story broah. Shared branching is pretty cool, huh?
Why do you have two first names? Why don't you?
I'm not special =[ Maybe you just haven't found that special place where your talents & passions meet. Don't stop looking!
[NEFCU 2.5% interest on checking account. ](Link to www.mynefcu.org Credit Unions are the best. They really, really are. How long have you been a member?
Switching to a local credit union is among one of the best decisions I've made in my adult life. I'm so glad to hear that! How has membership changed your life?
I don't believe they do. As a member-owner, you can ask them to! It's made banking so much easier for me.
"... people can vote with their money!" How dare you! You are now subscribed to lifelong mandatory TSA searches. In fairness, it was a bit more complex. The hacker group Anonymous claimed credit for Bank Transfer Day... effectively saying I was a member of Anonymous, which I'm not. I understood being initially investigated & even being put on the list. It bothers me that they haven't figured out yet that I'm not a risk.
Big bank employee checking in. Keep doing what you do. I really do work for the devil. Thanks for stopping by & having a sense of humor. If you ever feel like leaving the dark side... CU Insight posts about credit union jobs.
Just wanted to stop by and say hi Kristen. Bank Transfer Day is an awesome concept, There is something in it for all, regardless of political affiliation. And that the person behind it all, is one special human being who cares! Other than that.. you inspired me to join Reddit today! Hi! Thank you! You're too kind. I think a lot of people care, but just aren't sure what they can actually do to impact positive chance. I'm glad you joined reddit too! It's a great community full of thoughtful people sharing fantastic ideas.
I haven't banked with an evil big bank since I was in high school . . . and I'm not young anymore. ;-) That's great! Have any of your family or friends made the switch because of your recommendation?
No question here, just support and solidarity. I participated in the first Bank Transfer day as a part of my local Occupy encampment, and switching to a local credit union has been a decision I've only been happier for doing! Thank you for your organizing efforts! Thank you! It's been amazing to see how this simple & direct action was appreciated by so many people. There are a lot of things Americans disagree on, but I think the vast majority of us believe that our communities need & deserve our support.
I feel the same way. I feel like a total geek sometimes because if anyone ever asks anything about banks, I effuse wildly about my c.u.. That evangelism is so common amongst co-operative members, but relatively unheard of in any other sector! Kind of makes you feel all warm & fuzzy.
You do realize that the big banks are probably thrilled that they are losing a lot of accounts with small balances. If the "big banks" were thrilled, I doubt they wouldn't have rescinded the new policy two days before the original deadline goal, nor would they now be lashing out by pressuring lawmakers to eliminate the tax exemption stays of credit unions.
Is your middle name Cristian. No. No, it's not.
Quick! Say your name 5 times fast! Okay, but only if you join a credit union. Bribery.
I'm 21 and have no clue what a credit union is! =D. Check out this awesome video explaining the differences between banks & credit unions: CLICK HERE
So glad you could do this, Kristen. There's a lot of misinformation out there, but we're gaining ground! A big 'Thank You' from your friends at Alliance Credit Union in St. Louis... Thank you! I hope everyone at Alliance is having a fantastic day!
2 years ago I saw your Bank transfer day Facebook page and it encouraged me to abandon my crumby BofA account and join a credit union. Huge thanks! No, thank you! Without the support of so many folks, the Facebook event could never have turned into a full-blown movement. I'm so glad to hear you're still happy with your choice!
Last updated: 2013-07-30 14:10 UTC
This post was generated by a robot! Send all complaints to epsy.
submitted by tabledresser to tabled [link] [comments]

A + ZILLIQA - XFERS - BANKS - AUGUST A+ ZILLIQA - GOOGLE - AMAZON - XFERS A+ ZILLIQA - PAY PAL - XFERS - IMF ZILLIQA PROCESSING TRANSACTIONS FOR LIBRA COIN - XFERS STRIPE SCALABILITY CryptoCom Exchange and Major Singapore Update!  Free $50USD Too!

Bitcoin News. Home; News. News. Xfers Launches Fully-Regulated Digital Singapore Dollar on Ethereum and Zilliqa. News. Expect a Short-term Setback in Bitcoin Market, Asserts OKCoin Exchange. News. UK Bans Sale of Crypto Derivatives to Retail Investors, Says Move… News. How do we know which co-signer signature is in raw hex… News. An appeal to Bitcoin Cash community : btc. Blockchain ... The post Xfers Launches Fully-Regulated Digital Singapore Dollar on Ethereum and Zilliqa appeared first on Crypto Briefing. Bitcoin (COIN:BTCUSD) Historical Stock Chart Xfers has made an announcement recently, one regarding the release of its new stablecoin: The XSGD. This comes after the company had received an e-money issuance license by the Monetary Authority ... Popular payment institution Xfers has announced the launch of XSGD, the first Travel Rule compliant stablecoin. XSGD is backed 1:1 with the Singapore dollar (SGD). The issuing institution, Xfers, in an official blog post, disclosed that the launch stands as an important milestone towards achieving a trusted financial system in Southeast Asia. A system that […] — Xfers (@xfers) October 5, 2020. Regulatory compliant and secure. The payment institution Xfers currently holds a MAS (Monetary Authority of Singapore) license. This simply means that Xfers can print as many XSGD tokens as it desires using its e-money issuance license. Also, all the minted stablecoins are backed 1:1 with the Singapore dollar.

[index] [35819] [46746] [40100] [33016] [35131] [22860] [27253] [7380] [2409] [31496]

A + ZILLIQA - XFERS - BANKS - AUGUST

Also major news in Singapore, CryptoCom has partnered with Xfers to enable crypto buying and selling instantly towards the virtual bank of Xfers which is connected to your own Singapore Bank which ... A+ ZILLIQA - GOOGLE - AMAZON - XFERS BTC 1pufNPf6yyL3ayAShMpbNSWrbjQkEKPPF ETH 0x8fa006e8af34afb775fd8640a246673244caea4e BCH 1pufNPf6yyL3ayAShMpbNSWrbjQkEKP... I've few requesters asked my to make a video How to Sell #Bitcoin in #Coinbase to #Xfers, and subsequently withdraw back to #DBS, #POSB, UOB, OCBC banks. Selling Bitcoin in Coinbase is very easy ... Gold will be explosive, unlike anything we’ve seen says Canada’s billionaire Frank Giustra - Duration: 20:47. Kitco NEWS 755,067 views #zilliqa day went under the radar. This video is unavailable. Watch Queue Queue

#