operations is a delicate and complicated process. To get the work done, job are
divided into bits for different parties. Through this process, a lot of energy
is lost through man power and owing to human limitations, processes move a
little bit slower. Consequently, there’s been a need for a system that is swift
and accurate. This birthed the technology of Decentralized Autonomous
Organizations, DAOs, they are simply digital entities that operate through the
sole use of precoded rules. DAO is a unique concept that utilizes the bitcoin
principle to enable a business operate without a defined management system.
is an acronym for Decentralized Autonomous Organization. DAO is an organization
that is run uniquely through encoded rules on a smart contract. All
organisations have a structure that governs the way work is done and guides
everyone to understand perfectly their individual functions. DAO make use of
blockchain technology to enable organizational operation that require no
hierarchy. Also, it utilizes blockchain technology to provide a secure online
ledger that is capable of tracking financial operations across board. DAO can
simply be described as a smart contract that self-runs an intelligent algorithm
that makes decisions based on the rules encoded without the need for
so, DAO operates similarly to bitcoin by eliminating the presence of
intermediaries and middlemen that exist in organization transactions process
making it relatively slow and error prone. It is however important to note that
the fate of the organization is governed by the encoded rules and the owners of
the system that have a predefined look of how they want to run their affairs.
organizations and DAOs
all traditional organisations workers
have a specified duty and relationship with the company. Their rights and
obligations are put in check by legal contracts that is in accordance with the
legal system of the country the company is operating. This guides operations
and if anything goes wrong, the law comes in to settle the parties involved. On
the other hand, DAO involves a number of people interacting with one and
another through a self-run protocol. The people involved are charged with
transaction confirmation, block security while being rewarded with a percent of
the token involved in the network. It is a typical smart contract that reduces
cost and takes off too much duty from the shoulders of involved personnel. All
through, the aim of unmatched transparency is maintained in the system. Members
of a DAO are not bound together by a legal entity but are instead kept on the
network by the native incentive rewards which is enforced by blockchain
consensus. Only the rules of the smart protocol governs the operations on the
in traditional organizations, individuals up the hierarchy can take more risk
than normal, naturally because of their position. This may alter a lot of
things and lead to a greater effect negatively. DAOs, however, once deployed
cannot be changed or controlled by one entity, but instead, a predefined
majority of participants is needed to achieve blockchain consensus. Therefore,
transactions are swifter and are sure to have met all the necessary
to it blockchain technology background, it is satisfactorily safe. But in cases
where a flaw or vulnerability is detected; the whole system can easily be used
Cryptocurrencies and blockchain have been major news for several years and look set to take off in a much bigger way in 2020. 2019 was a particularly remarkable year in the crypto-market worldwide. There were evolving and maturing new and innovative trading methods, new groupings and several blockchain protocols.
Global regulatory bodies have started to become less apprehensive when dealing with cryptocurrencies, and even began developing their own blockchain infrastructures.
To push innovation forward, even China entered the world of global competition. It’s obvious that the market for crypto and blockchain is certainly on an uptrend. Momentum is picking up and the market looks very promising to 2020. So what trends should you look for in 2020?
DeFi – Decentralized Finance
Known as DeFi in popular culture, decentralized finance is an open-source, permissionless, and transparent financial service ecosystem that is available to everyone and operates without any central authority. Users maintain full control over their assets and interact with this ecosystem through peer-to-peer (P2P), decentralized applications (dapps).
Decentralized finance is expected to be the way forward in 2020 owing to the wide-ranging benefits it offers. DeFi is a natural breeding ground that has allowed innovation to flourish and decentralized finance ventures have reached the value of $650 million. Even though it would never have been believed just a couple of years ago, stable and trustless financial services laws have started to introduce new margin trading and lending facilities, enabling traders to easily switch between various debt positions. Through holding cryptocurrencies as leverage, Babel Finance and other market players are also assisting large-time miners in making use of major capital.
The Arrival ofEthereum 2.0
Phase 0 of Ethereum 2.0 has now reached its final testing phase and the public launch of its multi-client test-nest. The teams which led the creation of the components and clients listened carefully to community feedback and received frequent and active updates on developments. As a result, confidence in the Etherum blockchain has grown, and this could result in at least a partial launch during 2020.
More Crypto Derivatives
Recently, crypto-derivatives have grown significantly in both accessibility and scale. Not so long ago, they were offered only by a few exchanges but now most allow investors to trade in options and futures for large-cap cryptocurrencies. As a result, the market will become much more competitive with more exchanges jumping into the picture during 2020.
The Lightning Network
The Lightning network is a platform for crypto-traders (although in disguise). This layer-2 payment protocol applied on all blockchain-based currencies paves the way for instant Bitcoin settlements. Furthermore, this protocol uses off-chain data to catalyze transaction rates and to reduce the associated charges. Further platforms, applications and nodes are expected to be installed on the lightning network infrastructure over 2020, offering even greater market performance.
New Crypto-Friendly Regulations
Over the past two years, no fewer than 13 regulations on cryptocurrency and blockchain have been passed by one U.S. state (Wyoming). This has contributed to the sparsely populated state of America becoming an unexpected global hotspot for cryptocurrency organizations. Wyoming’s new regulations are digital banking friendly and split digital assets into three separate categories. It is unsurprising that other regulatory bodies and U.S. states followed suit rapidly and it is highly likely that more authorities will hop on this bandwagon by 2020.
It is clear that 2020 will be crucial for the development of cryptocurrencies and blockchains. Most experts believe that 2020 will have a secular bull market, as the era of consolidation seems to be fading out. Online assets are already a strong force, and finding out how this year will play out is sure to be very interesting.
All you have to do to qualify for the contest is connect your wallet, whether it’s a hardware or software wallet it does not matter. Simply, log in to the platform with your verified account and create or connect a wallet.
Please note that a user not only needs to be signed in with a verified account but also needs to connect any of the four compatible wallets (KeepKey, Ledger, Trezor, Portis). Having a verified account means that you have provided basic KYC information per their guidelines.
Need help creating/connecting a wallet or need to purchase one. Check the links below:
Once you have created or connected a wallet you should receive an email confirmation stating that you are qualified for the contest. ShapeShift will randomly select 10 lucky winners to receive one ETH each. The giveaway ends on 02/24/20 at 6 p.m. UTC and winners will be notified via email on that day.
Huobi wallet announced that they are giving away 2,000,000 DOGE for users to split, just by spreading the message or downloading their app between December 11th through December 23rd, 12:00AM (UTC).
What is a New User?
A phone which installed the Huobi Wallet app for the first-time during the event period (between December 11th – December 23rd) is considered a New User. To become a New User simply Download the Huobi Wallet App and Create a DOGE wallet during the event period. The Huobi wallet app is available for iOS and Android on the Google Playstore or download the .APK directly from the website.
The 2,000,000 DOGE is being split straight down the middle 1,000,000 DOGE for Supporters and 1,000,000 DOGE for New Users. The rewards will be airdropped before January 1st and before we get all excited. A user is eligible to receive 2 rewards and the maximum of rewards are $2 USD worth of DOGE.
The Brave browser is what DuckDuckGo is to Search Engines but for Web Browsers
Officially launched on November 13, 2019, the Brave browser is for the individual that doesn’t have the time to or doesn’t know how to add extensions and script blockers to their web browser. It’s available for Windows, macOS, Linux, Android and iOS. Brave blocks ads and trackers by default so you browse faster and safer. This helps to reduce your chances of being infected by malware, ransomware and spyware.
Brave Shields for automatic ad and tracker blocking – Brave Shields, on by default and customizable from the address bar, block invasive third-party ads, trackers, and autoplay videos immediately – without needing to install any additional programs. Users can now confidently browse the web knowing that their interests and reading habits are not being tracked. Because Brave Shields removes the friction of unwanted content, Brave loads websites up to 3 to 6 times faster than other browsers and introduces significant memory and battery savings on desktop and mobile.
Most web browsers have a private mode but Brave is the only browser that I’ve seen thus far that has “New Private Window with Tor” as an option within the browser. Not certain if I can actually visit a .onion site with it but that would be awesome.
Brave Rewards helps you earn more for doing what you do best and get back some of that revenue lost for when your viewers use ad blocking. Get paid directly by your audience for your content, instead of relying on ad revenue.
In addition to it’s data-privacy and security Brave has some additional features geared toward the content creator via their Brave Rewards program. If you own a website, YouTube, Twitter or Twitch account you can become a verified publisher or join their referral program.
When users opt into Brave Rewards, Brave Ads is enabled by default. Ad matching happens directly on the user’s device, so their data is never sent to anyone, and they see rewarding ads without web-wide mass surveillance. To date, Brave Ads has delivered nearly 475 privacy-preserving ad campaigns, sparking 130 million ad confirmation events, from brands such as Intel, Pizza Hut, Home Chef, and more. Users can transfer earned BAT out of their Brave Rewards wallet and convert the tokens to many digital assets and fiat currencies, after completing a verification process with digital money platform Uphold. More significantly, they can contribute to a better Web by keeping the BAT in their browser to automatically support online creators via Brave Rewards.
In order to earn BAT from Brave Rewards you must become a verified publisher/content creator. Becoming a verified publisher is simple if you can demonstrate to them that you own/control your own domain (e.g. boutthatbitcoin.com), YouTube channel, Twitch channel or Twitter channel. They use a challenge-response protocol for this purpose. You can sign up as an unverified publisher but won’t be able to claim any funds until you become verified.
We will need a crypto wallet in order to hold our BAT. We will need to create an UPHOLD account to receive earnings and collect and/or convert your BAT contributions. Payments are paid out by the 8th of every month. Contributions are processed/sent to the publisher’s UPHOLD account via your choice of currency. First we need to Add our channel so that we can get it verified.
Click Add Channel
Select Website, YouTube, Twitter or Twitch Channel
Then Sign up for an UPHOLD account by clicking the blue “Connect to Uphold” button to the left of your screen.
Brave Rewards to fund the open web – Users can support their favorite publishers and content creators by activating Brave Rewards and its integrated Brave wallet on both desktop and mobile. This feature allows users to send BAT as tips for great content, either directly as they browse or by defaulting to recurring monthly payments to continuously support the over 300,000 verified websites, including The Washington Post, The Guardian, and Wikipedia, or creators on YouTube, Twitch, Twitter, GitHub and more.
Of course there is a referral program, what company doesn’t have one nowadays. It’s called the Creator Referral Program and between now and December 31, 2019 Creators can earn $5 in BAT for “qualified” referrals that download Brave using your referral/invite code. A referral becomes qualified when the individual you referred has used the Brave browser for at least 30 days since downloading and installing the browser.
Sign up to become a Content Creator, verify your channel to receive a unique referral code.
Share your code on your social channels and in your content.
Referral code payout status will be displayed in your creator dashboard
As a content creator there are media assets that you can download to help show your support for the Brave Browser including fonts, logos, templated social media graphics and a Brave badge to add to your website.
There are also a few Do’s and Don’ts when it comes to being a Content Creator on the Brave Platform.
Use Brave and accept your grants
Auto-contribute to the sites you visit in Brave
Tip the (other) creators you visit and enjoy
Create great content that people enjoy
DO NOT Create dummy sites or channels without real content, just to collect contributions from Brave users
DO NOT Install multiple copies of Brave to claim multiple grants
DO NOT Use any mechanism (including bots) that results in a Brave browser contributing to your site automatically
Brave recently announced a new grant of 8M BAT to iOS and Android users worldwide. This BAT will be distributed to Brave users who contribute back to your sites and channels. The BAT that is used for grants comes from Brave’s User Growth Pool (UGP).
If your looking for a browser that will protect your privacy as well as block those pesky trackers, spyware and malware then the Brave Browser is the way to go. If you are already utilizing platforms like Medium, Publish0x, Steemit and Patreon then as a content creator Brave should definitely be on that list.
CoinPot is a brand new cryptocurrency micro wallet, designed to collect and combine faucet payouts and earnings from a number of different faucets/sources – such as Moon Bitcoin, Moon Dogecoin, Moon Dash, Moon Litecoin, Moon BCH, Bonus Bitcoin and Bit Fun. All payments from Moon Bitcoin, Moon Dogecoin and Moon Litecoin are made instantly and directly into your CoinPot account. This includes faucet claims, referral commission and survey/offer earnings. Currently CoinPot supports Bitcoin, Bitcoin Cash, Dash, Dogecoin, Litecoin. If you formerly used Xapo to collect from faucets you should have received a notification informing you that they have moved over to CoinPot.
Signing up for CoinPot is fairly easy. Go to CoinPot.co and click Register. Enter your e-mail address, password and prove that you are human and not a bot. Then click Register.
This is where you will see your recent transactions which will be the currency you collect from the Faucets that CoinPot has partnered with. You can find a more extensive list and review of these faucets below.
Signing Up for Moon Dash, Dogecoin, Litecoin and Bitcoin Faucets
Moon Dash is a Dash Faucet where you can claim every 5 minutes. Most faucets only allow you to claim once per hour or once per day, Moon Dash allows you to claim as often or as little as you like. The Dash meter will gradually fill up until you make a claim. This varies based on what’s called a “claim rate” which is adjusted automatically depending on a number of factors (including the current Dash/USD exchange rate and revenue received from advertisers/donations). So the longer you leave it open the more you will be able to claim. They also have an offers page in addition to a few bonuses like the Daily Loyalty Bonus, Referral Bonus (receive 25% lifetime commission on all faucet claims from those who you referred) and a Mystery Bonus.
In order to sign up you can click the banner above and then click sign in. You will need to use the same e-mail address that you used to set up your CoinPot account. That’s it, now it’s time to claim our free Dash.
Click claim now and you will be presented with a captcha, which is a service often used by companies when they need to make sure that a human being is signing up for the service and not a robot or bot. Advertisers are not fans of bot’s they’d rather human eyes on the ads so they deploy captcha systems to stop scammers or Blackhat or unethical Hackers from taking advantage of and exploiting them.
There are 2 types of captcha services utilized by Moon Dash. This is great because often you will find sites only use one, giving you no choice and the one they decided to utilize is faulty or a crappy captcha service. In the case of Moon Dash you can choose from SolveMedia or ReCaptcha both good captcha services
ReCaptcha will present you with a pop up dialog box where you have to check a box stating “I’m not a Robot” a box should open asking you to click all the images that have cars in it out of 9 images, then click the box and you should get a green check. then click claim.
SolveMedia works a little different, if you’d prefer SolveMedia you can click “Switch to SolveMedia captcha”. With SolveMedia you are presented with a word or phrase that you have to type into a box that says “Your Answer” and then click claim.
That’s it you have made your first claim and are now a cryptocurrency bounty hunter. You can now see your claimed amount and bonuses along with your total amount and exactly how much has been credited to your CoinPot account as well as your total balance. At this point you should hit the blue word “Refer” and share to your social media to assist in collecting bounty while you sleep.
CoinPot Faucets List
Moon Bitcoin is a Faucet where you can claim satoshi every 5 minutes. They also have an offers page in addition to a few bonuses like the Daily Loyalty Bonus, Referral Bonus, Offer Bonus, Mystery Bonus and Mining Bonus.
Daily Loyalty Bonus
Earn a % bonus which builds up for every consecutive day that you make at least one faucet claim.
This bonus increases by 1% per day, up to a maximum of 100% (which means your faucet payouts are doubled!!!)
So for example, if you made a claim yesterday and then make another claim today you will get a bonus of 1% on top of your usual claim amount
For each active referral that you have, you will get a bonus 1% (up to a maximum of 100%) added on to every claim that you make from the faucet. (A referral is considered to be “active” if they have made at least 1 faucet claim in the previous 72 hours.
Boost your faucet earnings even more by completing offers and surveys from any of our offer walls.
For every offer/survey completed within the last 30 days you will receive a 5% bonus added on to every faucet claim that you make (up to a maximum of 100%). This is in addition to the amount that you will earn immediately just for completing the offer/survey!!
The unknown bonus as their is no info merely a question mark.
When you tick the Run mining bonus checkbox moon bitcoin runs a background POW mining process in your browser.
Later when you make a faucet claim they will calculate a bonus of up to 100% on your faucet claim!
The bonus amount is based on how much hashing power you have contributed while the mining process was running, so to maximize your bonus you must leave the Moon Bitcoin tab open in between claims!
PLEASE NOTE: This mining process will increase the CPU usage on your PC/device whilst it is running by 10-80% (depending on the selected CPU usage option). The mining bonus is completely optional so if it causes a problem for you then please turn it off by unticking the Run mining bonus checkbox.
Moon Dogecoin is a Faucet where you can claim doge coin every 5 minutes. They also have an offers page in addition to a few bonuses you receive when claiming your bounty like the Daily Loyalty Bonus, Referral Bonus and Mystery Bonus.
Moon Litecoin is a Faucet where you can claim litoshi every 5 minutes. They also have an offers page in addition to a few bonuses you receive when claiming like the Daily Loyalty Bonus, Referral Bonus and Mystery Bonus. After Bitcoin and Ripple, Litecoin is the third-largest cryptocurrency by market capitalization.
Moon Cash or BCH
CoinPot recently added a new faucet for Bitcoin Cash to their list of supported Faucets where you can claim BCH every 5 minutes. They also have an offers page in addition to a few bonuses you receive when claiming like the Daily Loyalty Bonus, Referral Bonus and Mystery Bonus. After Bitcoin and Ripple, Litecoin is the third-largest cryptocurrency by market capitalization.
Bit Fun is very similar to Bonus Bitcoin one of the main differences between Bit Fun and other faucets is you can earn satoshi by playing FREE (Flash and HTML5) browser games like Cut the Rope, Cut the Rope 2, Junior Chess, TENTRIX, BadLand. Tom & Jerry Mouse Maze, Tower Mania and tons more games to choose from.
Earn even more by completing surveys, offers and other free promotions on their 5 offer walls! All earnings from these offers are paid quickly and directly into your CoinPot account and can be withdrawn to your bitcoin wallet at any time (minimum withdrawal amount is 10,000 satoshi).
Not just a Faucet Bonus Bitcoin also has a dice game (which is temporarily down at the moment) you can play amongst other games as well as offers and surveys you can fill out to earn more from partners like Wannads, Offer Toro and Super Rewards. You can claim up to 5,000 satoshi every 15 minutes. Simply complete the captcha and then click on the Claim now button. If you claim everyday you will also get a 5% daily bonus. You can claim from the faucet every 15 minutes. Bonus Bitcoin has incorporated other ways to earn satoshi while you wait to claim from the faucet again. Multiply your earnings by playing a simple and fun Dice Game, earn even more by completing Offers and Surveys. Like many other crypto faucets they have an affiliate program where you refer your friends to receive a 50% commission on all their faucet claims!
Mining with CoinPot
After logging into your CoinPot account you will be taken to your Dashboard. You will see Bitcoin, Dogecoin and Litecoin. You will see your “current Pot” or satoshi balance and “view ‘bitcoin’ summary”. Click the blue drop down arrow to see more options. The options are Deposit, Withdraw, Convert to and Mine. We are going to click Mine to begin mining, it’s as simple as that.
CoinPot doesn’t just allow you to mine from your current browser but they also provide you a link to open on your other devices to mine from them as well as an iframe embed code to insert into your site or blog to continue mining.
After you begin mining in CoinPot you will see two buttons. Pause Mining and Earn More. Click Earn More to get the link to share to your other devices and the iframe embed code for your website(s).
That depends on a bevy of factors. There are no native or natural gatekeepers, but they are coming out of the woodworks. You have “exchanges” like Coinbase, Bittrex and Binance which decide to add transaction fees to a transaction fee free system. Like middlemen this is where cost comes in and prices can go up and be affected. Then there is the IRS they would rather acknowledge it as a commodity or property instead of a currency.
Originally the system was designed to be decentralized and have no gatekeepers but along with regulations come the gatekeepers but they aren’t a necessity. They only exist and continue to grow based on user participation. The more we utilize their service the more power we give them to control our gate but not the gate.
One thing to remember is that Bitcoin is decentralized like most not all cryptocurrencies whereas it is not geo based meaning it is a worldwide payment system. No one country owns, runs or controls it. But once you decide to convert your crypto to a Fiat which is not decentralized then you are on your own. Ask the federal agents who helped “bring down” Silk Road only to later be arrested for stealing more than 1,000 bitcoins. Once the agents exchanged the Bitcoins for Fiat or real cash, the government was able to follow the money and arrest all those involved. There is a great article about it here: stealing-bitcoins-with-badges-how-silk-roads-dirty-cops-got-caught.
This is why every time I hear a story about hackers stealing large amounts of a cryptocurrency or tricking people into sending them large amounts, even though they have all that “money” in there crypto wallet, it’s useless and in most cases goes untouched. Once they begin to exchange it for Fiat investigators will be able to follow the money trail and they will be caught. Any and everyone can track a wallets status because it is public information. They may not know who’s wallet it is and who they sent the money to but they will always know the wallet it was sent to and as soon as you stick your head out of the ground and come up for air, or to collect. They got you.
So the answer is both yes and no. If you are dealing with an exchange that controls the funds, regulates how much you can buy, sell or exchange and has the option to say you are doing to much so we are closing your account (like Coinbase does) then it is centralized. Coinbase makes the decisions and has the final say so. There are tons of articles online regarding the IRS requesting user information and data from Coinbase. But on an exchange that is not governed or controlled by any one individual and is instead regulated based on the populous vote of it’s users then the answer is no. These type of exchanges are known as DEX or decentralized Exchange. Unfortunately if you live in the U.S. some of these exchanges will not allow you to use there platform as it deemed illegal. But you can still utilize their services by using a VPN to mask your actual location. Below is a list of popular decentralized exchanges:
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