bitcoin – dertima1992

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]

Let's brainstorm some project ideas for the developer competition!

I'm not a developer, but I'm still excited by the recently announced $75,000 hackathon, so let's try to think of some project ideas for the developers among us :)
Faucets:
Gaming:
Media:
Other:
Privacy:
Tools:
Wallets:
submitted by Qwahzi to nanocurrency [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]

List of Today's and Tomorrow's Upcoming Events

I will be bringing you upcoming events/announcements every day. If you want improvements to this post, please mention houseme in the comments. We will make improvements based on your feedback.
 
https://kryptocal.com | /kryptocal | Android | iOS | Telegram Interactive Bot (add cryptocalapp_bot) | Telegram Channel @kryptocal
 

ADD AN EVENT

If you like an event to be added, click Submit Event, and we will do the rest.
 

NEXT DAY UPCOMING EVENTS

 
General
Bonus Payments December 31, 2019
SDK Public v4.0 Release December 31, 2019
SGN And LiBA Mainnet December 31, 2019
BlockStamp DNS December 31, 2019
Mainnet Launch December 31, 2019
TestNet Release December 31, 2019
Final Platform Release December 31, 2019
Virtual Machine December 31, 2019
Mainnet Launch December 31, 2019
WordPress Plugin December 31, 2019
Multi-Chain Paper December 31, 2019
Go-Lachesis Release December 31, 2019
Mainnet Launch December 31, 2019
Mainnet Launch December 31, 2019
Lockup Mechanism December 31, 2019
Token Burn December 31, 2019
KAT Disabling Starts December 31, 2019
Mainnet Launch December 31, 2019
MultiPass Resource Launch December 31, 2019
Mines of Falunia Release December 31, 2019
Full Platform Launch December 31, 2019
Bitcoin(BTC) New Category: Perishables December 31, 2019
NEM(XEM) Catapult Mainnet December 31, 2019
Stellar(XLM) Q4 Protocol Upgrade December 31, 2019
Verge(XVG) Hardfork / Halving December 31, 2019
Stratis(STRAT) Proof-of-Stake Sidechains December 31, 2019
Stratis(STRAT) Stratis Core 2.0 Release December 31, 2019
Stratis(STRAT) Stratis Payment Gateway December 31, 2019
Stratis(STRAT) Java + JavaScript Support December 31, 2019
Ardor(ARDR) Pruning & Snapshots December 31, 2019
Waves(WAVES) IDE & Testing December 31, 2019
Dent(DENT) DENT eSIM (embedded SIM) December 31, 2019
PIVX(PIVX) AbraGlobal International December 31, 2019
Power Ledger(POWR) Fremantle Trial Ends December 31, 2019
Enigma(ENG) Networked Testnet Deployment December 31, 2019
TenX(PAY) TenX Cards EEA Launch December 31, 2019
Vertcoin(VTC) Quarterly Update December 31, 2019
iExec RLC(RLC) IExec V4 - HPC Computing December 31, 2019
WaBi(WABI) Expand to 500 Cities December 31, 2019
WaBi(WABI) Offline Marketing December 31, 2019
WaBi(WABI) Dual Frequency Chip December 31, 2019
WaBi(WABI) Labels w/ Metal Shielding December 31, 2019
WaBi(WABI) Expands to 250 Cities December 31, 2019
WaBi(WABI) Enhanced Marketing December 31, 2019
WaBi(WABI) AI Product Recommendation December 31, 2019
WaBi(WABI) Automatic Labeling December 31, 2019
WaBi(WABI) Payment Integration December 31, 2019
Nuls(NULS) 2.0 Mainnet Launch December 31, 2019
Genesis Vision(GVT) Q4 Token Burn December 31, 2019
Genesis Vision(GVT) Genesis Vision 2.0 December 31, 2019
Aeron(ARN) CBM Discount Card December 31, 2019
Aeron(ARN) Owner & Pilot Module December 31, 2019
Aeron(ARN) Flight Excursions December 31, 2019
VIBE(VIBE) Beta p2p File Sharing December 31, 2019
VIBE(VIBE) VIBEHub VR Headset December 31, 2019
VIBE(VIBE) Update VIBEHub SDK December 31, 2019
LIFE(LIFE) LIFEPaaS® Release December 31, 2019
Stox(STX) Annual Blockstack Summit December 31, 2019
Stox(STX) Smart Contract Language December 31, 2019
Stox(STX) Blockstack Authenticator December 31, 2019
KickCoin(KICK) KICKEX Exchange December 31, 2019
LUXCoin(LUX) LUX Web3 Interface December 31, 2019
LUXCoin(LUX) Address Visualizer December 31, 2019
LUXCoin(LUX) Zero Knowledge Proofs December 31, 2019
Hubii Network(HBT) Nahmii Public Exchange December 31, 2019
Nebulas(NAS) New Mainnet Release December 31, 2019
High Performance Blockchain(HPB) V2.0 Launch December 31, 2019
IOStoken(IOST) Network Optimization December 31, 2019
Theta Token(THETA) Expand Theta Content December 31, 2019
Elastos(ELA) Trinity Browser Release December 31, 2019
WePower(WPR) PPA Portfolio Tools December 31, 2019
DADI(DADI) DADI Queue Network-ready December 31, 2019
Pundi X [NEW](NPXS) Testnet Release December 31, 2019
Wancoin(WAN) PoS Mainnet Release December 31, 2019
Wancoin(WAN) New ERC20 Integrations December 31, 2019
Wancoin(WAN) Wanchain 4.0 Release December 31, 2019
Helbiz(HBZ) Car Sharing Infrastructure December 31, 2019
IoTeX(IOTX) Decentralized Governance December 31, 2019
Phantasma(SOUL) Phantasma Storage December 31, 2019
Phantasma(SOUL) Phantasma Storage December 31, 2019
QuarkChain(QKC) Token Testnet Release December 31, 2019
Bankera(BNK) Investment Solutions December 31, 2019 [Possible Date]
The Abyss(ABYSS) Atomic Heart Beta Release December 31, 2019
GoChain(GO) Payment Solutions December 31, 2019
0chain(ZCN) Decentralized Exchange December 31, 2019
Mainframe(MFT) Voltaire Beta 1 Release December 31, 2019
OneLedger(OLT) Mainnet Release December 31, 2019
Aegeus(AEG) AEG Network Integration December 31, 2019
Mass Vehicle Ledger(MVL) MVL, Participating in R&D December 31, 2019
aXpire(AXPR) MatchBX V1.0 December 31, 2019
YGGDRASH(YEED) Token Swap December 31, 2019
YGGDRASH(YEED) Fiat Currency Chain December 31, 2019
CoinMarketSuite January 1, 2020
ZenCash(ZEN) Faucet Bonus Day January 1, 2020
Rawcoin(XRC) Special Grace Period January 1, 2020
Auxilium(AUX) AUX Interest Distribution January 1, 2020
 
Software/Platforms
New App Funnel December 31, 2019
Hardware Wallets Support December 31, 2019
First dApps December 31, 2019
Stratis(STRAT) Breeze Privacy Protocol December 31, 2019
Stratis(STRAT) Stratis Mobile Wallet December 31, 2019
Ardor(ARDR) Wallet Prototype December 31, 2019
WaBi(WABI) New Consumer Scanning App D
 
There are more events but this message got too long
submitted by cryptocalbot to kryptocal [link] [comments]

List of Today's and Tomorrow's Upcoming Events

I will be bringing you upcoming events/announcements every day. If you want improvements to this post, please mention houseme in the comments. We will make improvements based on your feedback.
 
https://kryptocal.com | /kryptocal | Android | iOS | Telegram Interactive Bot (add cryptocalapp_bot) | Telegram Channel @kryptocal
 

ADD AN EVENT

If you like an event to be added, click Submit Event, and we will do the rest.
 

NEXT DAY UPCOMING EVENTS

 
General
Bonus Payments December 31, 2019
SDK Public v4.0 Release December 31, 2019
SGN And LiBA Mainnet December 31, 2019
BlockStamp DNS December 31, 2019
Mainnet Launch December 31, 2019
TestNet Release December 31, 2019
Final Platform Release December 31, 2019
Virtual Machine December 31, 2019
Mainnet Launch December 31, 2019
WordPress Plugin December 31, 2019
Multi-Chain Paper December 31, 2019
Go-Lachesis Release December 31, 2019
Mainnet Launch December 31, 2019
Mainnet Launch December 31, 2019
Lockup Mechanism December 31, 2019
Token Burn December 31, 2019
KAT Disabling Starts December 31, 2019
Mainnet Launch December 31, 2019
MultiPass Resource Launch December 31, 2019
Mines of Falunia Release December 31, 2019
Full Platform Launch December 31, 2019
Bitcoin(BTC) New Category: Perishables December 31, 2019
NEM(XEM) Catapult Mainnet December 31, 2019
Stellar(XLM) Q4 Protocol Upgrade December 31, 2019
Verge(XVG) Hardfork / Halving December 31, 2019
Stratis(STRAT) Proof-of-Stake Sidechains December 31, 2019
Stratis(STRAT) Stratis Core 2.0 Release December 31, 2019
Stratis(STRAT) Stratis Payment Gateway December 31, 2019
Stratis(STRAT) Java + JavaScript Support December 31, 2019
Ardor(ARDR) Pruning & Snapshots December 31, 2019
Waves(WAVES) IDE & Testing December 31, 2019
Dent(DENT) DENT eSIM (embedded SIM) December 31, 2019
PIVX(PIVX) AbraGlobal International December 31, 2019
Power Ledger(POWR) Fremantle Trial Ends December 31, 2019
Enigma(ENG) Networked Testnet Deployment December 31, 2019
TenX(PAY) TenX Cards EEA Launch December 31, 2019
Vertcoin(VTC) Quarterly Update December 31, 2019
iExec RLC(RLC) IExec V4 - HPC Computing December 31, 2019
WaBi(WABI) Expand to 500 Cities December 31, 2019
WaBi(WABI) Offline Marketing December 31, 2019
WaBi(WABI) Dual Frequency Chip December 31, 2019
WaBi(WABI) Labels w/ Metal Shielding December 31, 2019
WaBi(WABI) Expands to 250 Cities December 31, 2019
WaBi(WABI) Enhanced Marketing December 31, 2019
WaBi(WABI) AI Product Recommendation December 31, 2019
WaBi(WABI) Automatic Labeling December 31, 2019
WaBi(WABI) Payment Integration December 31, 2019
Nuls(NULS) 2.0 Mainnet Launch December 31, 2019
Genesis Vision(GVT) Q4 Token Burn December 31, 2019
Genesis Vision(GVT) Genesis Vision 2.0 December 31, 2019
Aeron(ARN) CBM Discount Card December 31, 2019
Aeron(ARN) Owner & Pilot Module December 31, 2019
Aeron(ARN) Flight Excursions December 31, 2019
VIBE(VIBE) Beta p2p File Sharing December 31, 2019
VIBE(VIBE) VIBEHub VR Headset December 31, 2019
VIBE(VIBE) Update VIBEHub SDK December 31, 2019
LIFE(LIFE) LIFEPaaS® Release December 31, 2019
Stox(STX) Annual Blockstack Summit December 31, 2019
Stox(STX) Smart Contract Language December 31, 2019
Stox(STX) Blockstack Authenticator December 31, 2019
KickCoin(KICK) KICKEX Exchange December 31, 2019
LUXCoin(LUX) LUX Web3 Interface December 31, 2019
LUXCoin(LUX) Address Visualizer December 31, 2019
LUXCoin(LUX) Zero Knowledge Proofs December 31, 2019
Hubii Network(HBT) Nahmii Public Exchange December 31, 2019
Nebulas(NAS) New Mainnet Release December 31, 2019
High Performance Blockchain(HPB) V2.0 Launch December 31, 2019
IOStoken(IOST) Network Optimization December 31, 2019
Theta Token(THETA) Expand Theta Content December 31, 2019
Elastos(ELA) Trinity Browser Release December 31, 2019
WePower(WPR) PPA Portfolio Tools December 31, 2019
DADI(DADI) DADI Queue Network-ready December 31, 2019
Pundi X [NEW](NPXS) Testnet Release December 31, 2019
Wancoin(WAN) PoS Mainnet Release December 31, 2019
Wancoin(WAN) New ERC20 Integrations December 31, 2019
Wancoin(WAN) Wanchain 4.0 Release December 31, 2019
Helbiz(HBZ) Car Sharing Infrastructure December 31, 2019
IoTeX(IOTX) Decentralized Governance December 31, 2019
Phantasma(SOUL) Phantasma Storage December 31, 2019
Phantasma(SOUL) Phantasma Storage December 31, 2019
QuarkChain(QKC) Token Testnet Release December 31, 2019
Bankera(BNK) Investment Solutions December 31, 2019 [Possible Date]
The Abyss(ABYSS) Atomic Heart Beta Release December 31, 2019
GoChain(GO) Payment Solutions December 31, 2019
0chain(ZCN) Decentralized Exchange December 31, 2019
Mainframe(MFT) Voltaire Beta 1 Release December 31, 2019
OneLedger(OLT) Mainnet Release December 31, 2019
Aegeus(AEG) AEG Network Integration December 31, 2019
Mass Vehicle Ledger(MVL) MVL, Participating in R&D December 31, 2019
aXpire(AXPR) MatchBX V1.0 December 31, 2019
YGGDRASH(YEED) Token Swap December 31, 2019
YGGDRASH(YEED) Fiat Currency Chain December 31, 2019
CoinMarketSuite January 1, 2020
ZenCash(ZEN) Faucet Bonus Day January 1, 2020
Rawcoin(XRC) Special Grace Period January 1, 2020
Auxilium(AUX) AUX Interest Distribution January 1, 2020
 
Software/Platforms
New App Funnel December 31, 2019
Hardware Wallets Support December 31, 2019
First dApps December 31, 2019
Stratis(STRAT) Breeze Privacy Protocol December 31, 2019
Stratis(STRAT) Stratis Mobile Wallet December 31, 2019
Ardor(ARDR) Wallet Prototype December 31, 2019
WaBi(WABI) New Consumer Scanning App D
 
There are more events but this message got too long
submitted by cryptocalbot to CryptoMarkets [link] [comments]

My Gridcoin Story - Delta

My Gridcoin Story - Delta
Hi everyone, I've been using Gridcoin for about 2.5 years and been crunching for 3! Here is how I got to where I am now:

My story starts as a kid still in secondary school. At the time I was obsessed with computers, so much so that I decided to start teaching myself computer science at the age of 12 so that I could understand how the monster that my computer was worked. Also during this time was the slowly rising price of Bitcoin, I think I still have a screenshot on my phone of when it was around $500!
I never knew of any alternate currencies at that time other than Ethereum until I was browsing the [email protected] forums and checking out my sick RAC when I found a currency called Gridcoin mentioned in one of the posts. Upon searching, I landed on the o' great and powerful www.gridcoin.us where I downloaded the wallet and took it for a spin.
This was the very first time that I ever laid hands on a cryptocurrency (I was about 14-15 years old at the time) and it was quite a phenomenal journey. Unlike many others, I followed the instructions on the site and everything worked extremely well without issue and I was well on my way to utilising the blockchain for its full potential.
I started out with a measly 20 GRC. This was back in the day when you could reasonably stake with that much. Sooner I started working my way up and found myself harbouring a small bank account of my own digital assets. By using Gridcoin I came to understand the fundamentals of a blockchain from an extremely early age, and this has enabled me to create presentations to teach others how cryptocurrency really works. I am extremely honored to have gained this knowledge from a project I so loved.
I used to (and still to this day) crunch half on the pool and half solo. My first project was [email protected] which was soon followed by [email protected] which I ran on my mac using my school's electricity, then choosing GPUgrid while on the older GRC pool (http://gridcoin.co/) before exploring many other projects. You can still see how well I did on [email protected] back in the day just by looking at the proportions of credit:

https://preview.redd.it/cefencxnh8r11.png?width=1014&format=png&auto=webp&s=c01fdf05466a3df7ab889089330f474cb561a655
Now, as you can see, I solo crunch Primegrid (with a success in finding a 388k digit prime!) along with Rosetta occasionally, SRBase (which is a horror when it comes to getting tasks before everyone else does) and DHEP which I am currently in a craze about.
On my other machines crunching for the pool, I put all earnings into the GRC Wallet Bot that I own in order to give out as starter coins or to top-up the faucet. I crunch WCG (for those amazing GBYTE rewards) along with [email protected] and recently GPUgrid which nicely keep my faucet topped-up.
Gridcoin and BOINC have done so much for me, even gone as far as to provide me with something to put on my resume, and I hope I can give as much back to the community too. You guys have been amazing and I hope to work with you a lot more in the future. <3
submitted by _Exponential to gridcoin [link] [comments]

\Applying for CryptoCurrency Mod/

  1. 1 year + and 1851 Positive karma.
  2. No external subs. Have experience with CSS, SCSS, and even some frameworks for styling. Programmed a simple Javascript bot for auto free rolls and reward redemptions on a bitcoin faucet website I won’t name, even though they written no policy or stances on bots.
  3. None.
  4. VET and NAV are invested in. BTC as a default, invested in. Have interest in ICON, XRP, RVN, NULS, IOST and ETH.
  5. Eastern Standard time (EST). Pretty active on reddit due to consistent time implementations of FullStack development and also interest in learning more of blockchain development.
  6. I am hoping to become a capable developer for all types of development of interest. Currently mostly proficient in Front End development, FullStack capable, dabbled in some blockchain tech stacks (Web3js, IPFS so far.). Keep on learning and implementing projects, network and expand connections for sole development purposes, and interests in coding expands beyond the listed activities. Machine learning is also something I’d I want to spend more time on, however keeping pace in my current area is better to pace on. FullStack and sometimes even replacing the typical CRUD for RW (blockchain networks) depending on projects of interests.
  7. Not at the time being. Gathering resources on reddit for possible research content and interests relating to cryptocurrency is the primary use of my account.
  8. If developing and assisting with bot development is apart of the responsibility, I’d definitely be interested.
submitted by Cuzah to CryptoRecruiting [link] [comments]

A Non-Comprehensive List of some Passive Beermoney Sites

Non-Comprehensive because it's certainly not a complete list; I'm sure there are more I don't know about!
Hello fellow Beermoney earners! For the past few months I've been searching for ways to earn money passively (or as passively as possible). This guide will not cover any kind of Bitcoin/Dogecoin/etc. Mining, faucets, etc. Thus far, I would say I've been pretty successful. I'm not rich and I'm not making hundreds, but the methods I'll outline below are pretty much little/no effort beyond getting set up. I'll provide payment proofs to any of the methods below if you ask for them, if available. I will mention but not elaborate on the common/already well known methods, as we already get enough of that and I won't contribute to the spam. The following sites are in no particular order. I'll also happily answer any questions, but I ask that you at least explore the site and try to find things before asking me what to do.
NOTE: I know I'm going to get at least one person saying "Not worth it, power bills, electricity, global warming, illuminati, etc. etc. etc.". I'd like to stop that person right here and tell them that yes, in theory, this could cost you more in power than it could make you. If you don't pay for your power, then it's irrelevant. If you DO pay for your power, then you can use these methods only when your computer would normally be on and the problem pretty much goes away. If your computer is always on anyways, only the CPU-renting methods will likely have any impact on your power bills (if any). I would rather not debate this. If you feel that it's not worth it, you're welcome to not try any of these.
INTERNATIONAL NOTE: I believe that all of these except for Qmee, Perk TV and Bing Rewards, are international, at least partially. I could be wrong, and if anybody knows I'm wrong please let me know and I will make edits as necessary.
eBesucher ---- Non-ref is a passive surfbar site, and one I've been using the longest. Simply open a surfbar tab and let it go. eBesucher also created a small program called the "Restarter" that will monitor your surfbar tab in whatever browser you choose and restart the browser if the surfbar stops (due to frambreakers, shitty site scripts, etc.). Other than that, it requires no input. Run this in whatever browser you don't use; it works in Firefox, Chrome, IE, and Safari. If you use Firefox, it also comes with an extension that will monitor your surfbar and give you double points when you hit a framebreaker site, but I've found it doesn't work as well as the Restarter at fixing the surfbar when you run over faulty scripts. eBesucher requires no attention checks and is 100% automated. You can also get a few cents for reading mails sent to your in-site Inbox (or actual email inbox if you choose). Minimum payout is 2 Euro, PayPal (and some others) accepted. Payout is manual.
4PTP ---- Non-ref is a Pay-to-Promote site, one of the only ones I've found that pays anything worthwhile. Simply send traffic to your link (however you'd like to do that, such as HitLeap (which I will mention below)) and you'll rack up points which convert to cash every 6 hours. Note that this site DOES accept traffic from traffic exchanges, etc., but be aware that your promote link is a very "intense" site; there's a lot of frames of activity and some traffic exchanges may not like that. Beyond Hitleap, it might take a few tries to find one that works. Minimum payout is $2, to PayPal and others. Payout is manual. NOTE: It is normal for a large amount of your traffic to not be counted. I don't know why this is, but it might be a side effect of traffic exchanges (or things like AdBlock, no java, etc.). Also NOTE: 4PTP might be rejected by Hitleap. If this happens, just wait a little while and try again. I had it rejected after working fine for almost a month, and I just resubmitted it a day later and it was fine.
Ysear.ch ---- Non-ref EDIT: They WILL eventually ban you if you don't use HitLeap premium, so if you don't have it, I wouldn't recommend this anymore. is a link monetizer (like Adf.ly). Shorten links, have people click those links, get money. Normally that would be a very slow process, but Ysear.ch works with Hitleap (again, I'll explain below). I want to note that while I and some others have been paid, you might end up banned, especially if you don't have a Premium Hitleap account so you can use randomized or directed traffic. Be aware of this. When using Ysear.ch for Hitleap, make sure your shortened ads are "Framed Banner", not "Interstitial" (under More Options, when shrinking your link). Payouts are automatic on the 6th of each month. I think the minimum is $2.50.
Hitleap ---- Non-ref is a pretty well-known traffic exchange site, so I won't go too much into it (PM me if you need more info, though). Submit your link(s) from sites like 4PTP and Ysear.ch and run the Hitleap Viewer as often as possible to rack up minutes, which will automatically be spent on directing traffic to your links. I personally use 15 seconds for all of my links, but I imagine you could get away with 11 or 12; adding a few seconds helps make sure the site loads. Upgrading to Premium can be worth it, and lets you add more links and spoof the traffic source. Your choice.
LinkCollider is another traffic exchange site. (Note: I didn't include a referral link because I don't think it matters unless someone buys something.) This one is a bit different from Hitleap, but works in pretty much the same way. Submit your links (up to 3), and then do activities such as autosurf, manual surf, "Like" FB pages, Retweet things, etc. to build up coins which are automatically spent on having your sites viewed, Liked, Shared, etc.. I personally turn off all social media for my links, since I'm pretty sure it will be wasted compared to just getting raw views to your website. The interface might be a little confusing at first, but it only takes a little exploring to get the hang of it.
Qmee ---- Non-ref is very well known in this subreddit so I'll be very brief for the couple of people who might not know- Download extension, click ads that show up when you search on Google, Amazon, eBay, and Bing, and cashout to Paypal. No minimum amount. I have found that your earnings decrease over time if you click the ads and do not interact with them, and/or click a lot of ads for the same search. Try not to abuse the system by obviously searching for things you have no interest in, as I think the system is actually kind of smart and might pick up on that. I could be wrong though. This method is not 100% passive but requires very little effort.
Slicify ---- Non-ref is a CPU rental service. Download their control panel (and Oracle VMBox, which comes with it) and your computer will automatically have its processing rented out. Save yourself the time and check that your computer can operate virtual machines (Slicify can help you determine this). You get paid for every hour your computer is being rented, from .01/hr and up. When your computer is being rented, it will likely take up a lot of memory and processing (though you can customize how much of your system's resources you're renting out) so if you want to do stuff like play games, turn this off while you're doing it. You can also set up a schedule so it will only run when you wouldn't be using your computer anyways. Minimum payout is $5, manually to PayPal. If you have access to multiple computers (I strongly recommend desktop only unless your laptop has excellent cooling/ventilation), you can run this on multiple machines.
GomezPeerZone ---- Non-ref is another CPU renting application. You can run it concurrently with Slicify, though if both are going at once it will probably eat a lot of resources. A major note here is that you are not earning with GomezPeer from day 1. You have to be approved, and this takes an undetermined amount of time, during which you need to run the software and you lose your earnings each month. Once you do get approved, you'll earn automatically and get any earnings you made in the month you were approved. I believe payouts are automatic, to PayPal. You can also run this on multiple machines at once.
MQL5 Cloud Strategy Testing Agent (no referrals as far as I know) is a minor CPU "renting" service. Download their program, sign up with MQL5, and then open up some testing agents (the download site will provide instructions). You won't make much with this, maybe up to 60 cents a month, but it is 100% passive, non-invasive, and takes up little/no resources. Payout is to Paypal, no minimum but it does take a small commission. You can run this on multiple machines.
ScreenwiseTrends Panel (no referrals) is similar to Synapster in that it tracks your browser usage; this one is run by Google who is already monitoring everything you do and every piss you take anyways. You get $1 per week your computer is active (plus $.50 for a tablet and $.50 for a smartphone, if applicable) with the Chrome extension. Payout is at $25, so this is a slow earner. Like above, if you're not cool with being monitored like this, feel free to skip over it.
Perk TV ---- Non-ref is a video-watching app similar to Swagbucks TV available on iOS and Android; Perk also has other apps you can use for rewards. This has gotten the rounds on the subreddit recently, so I'll be brief: Watch app trailers and earn points. PerkTV automatically loops the videos endlessly, no attention checks needed. Minimum payout is a $2 Amazon giftcard at 2500 points. There's a lot of other gift cards at the $5 level if you so choose. You can get $5 to PayPal for 9000 points but it is really not worth it. At all.
Some would consider Apptrailers (iOS, Android) to be passive, if you don't mind pressing "OK" and "Play" every 30-45 seconds for half a cent each. I did do this for a while, like when watching Netflix, but I prefer the video apps like Perk TV and SBTV now. You're welcome to do this.
Peko (iOS) is also passive, kinda-sorta. It's a weird little app that pays you to play a silly little game with people. You can idly spam the "Peko me!" emote in the Scramble Match room until you get "Peko'd", play the games, and then cash out at the minimum of $10. I did this a lot; cashed out about 6 times, and then got absolutely sick of it and stopped. I might pick it up again, but it's what I would consider passive in theory.
Bing Rewards I also do Bing Rewards using a bot. If you don't know about Bing Rewards, check out the "Most Commonly Posted Beermoney Sites" sticky and sign up from there. It's not 100% passive, but it's close. The bot I use and recommend is "The BingR", made by a reddit user whose name escapes me, but it's an excellent bot that acts very human-like and even automates the daily bonus activities and mobile searches.
Swagbucks I also also use the SBTV app and do the auto-running Swagbucks Activities on a second computer or browser (with Chrome, you can run the activity and then minimize out of the browser and it will still run; this doesn't seem to work with Firefox). If you don't know about Swagbucks, also check out the Sticky. This is also not 100% passive, but it pays pretty well. The auto-run activities have a white circle with a blue arrow and play button in the lower left-hand corner of the picture. These will run on their own and require no input beyond clicking. If you can't get them to run while minimized, you'll need to keep the window open with your mouse in the active part of the screen.
I'm always looking for new passive income streams; the less work, the better! If you're going to recommend a surfbar, it can't require any attention checks and preferably it should run in-browser and not on top of windows like some require.
submitted by darkwulfv to beermoney [link] [comments]

An (Updated!) Guide to Passive Beermoney

Greetings /beermoney! A few months ago I created this guide as a way to show some passive ways to earn beermoney. My old guide is a little antiquated, so here's an updated version with new methods to earn! (For those of you who might have already read this guide, most of the old stuff is copy-pasted to save lots of time) I'm still always looking for new passive ways to earn, so if you know of any please let me know!
If you're looking for passive ways to earn on your mobile Android device, I cover them here: An Updated Guide to Android Beermoney
This guide will not cover any kind of Bitcoin/Dogecoin/etc. Mining, faucets, etc. I'll provide payment proofs to any of the methods below if you ask for them, if available. The following sites are in no particular order. I'll also happily answer any questions, but I ask that you at least explore the site/app and try to find things before asking me what to do.
NOTE: I know I'm going to get at least one person saying "Not worth it, power bills, electricity, global warming, illuminati, etc. etc. etc.". I'd like to stop that person right here and tell them that yes, in theory, this could cost you more in power than it could make you. If you don't pay for your power, then it's irrelevant. If you DO pay for your power, then you can use these methods only when your computer would normally be on and the problem pretty much goes away. If your computer is always on anyways, only the CPU-renting methods will likely have any impact on your power bills (if any). I would rather not debate this. If you feel that it's not worth it, you're welcome to not try any of these.
INTERNATIONAL NOTE: The following are not international: Qmee, Bing Rewards, MXWRK
eBesucher ---- Non-ref ---- 2.10euros per month, give or take is a passive surfbar site, and one I've been using the longest. Simply open a surfbar tab and let it go. eBesucher also created a small program called the "Restarter" that will monitor your surfbar tab in whatever browser you choose and restart the browser if the surfbar stops (due to frambreakers, shitty site scripts, etc.). Other than that, it requires no input. Run this in whatever browser you don't use; it works in Firefox, Chrome, IE, and Safari. If you use Firefox, it also comes with an extension that will monitor your surfbar and give you double points when you hit a framebreaker site, but I've found it doesn't work as well as the Restarter at fixing the surfbar when you run over faulty scripts. eBesucher requires no attention checks and is 100% automated. You can also get a few cents for reading mails sent to your in-site Inbox (or actual email inbox if you choose). Minimum payout is 2 Euro, PayPal (and some others) accepted. Payout is manual.
4PTP ---- Non-ref ---- $2-5 per month* is a Pay-to-Promote site, one of the only ones I've found that pays anything worthwhile. Simply send traffic to your link (however you'd like to do that, such as HitLeap (which I will mention below)) and you'll rack up points which convert to cash every 6 hours. Note that this site DOES accept traffic from traffic exchanges, etc., but be aware that your promote link is a very "intense" site; there's a lot of frames of activity and some traffic exchanges may not like that. Beyond Hitleap, it might take a few tries to find one that works. Minimum payout is $2, to PayPal and others. Payout is manual. NOTE: It is normal for a large amount of your traffic to not be counted. I don't know why this is, but it might be a side effect of traffic exchanges (or things like AdBlock, no java, etc.). Also NOTE: 4PTP might be rejected by Hitleap. If this happens, just wait a little while and try again. I had it rejected after working fine for almost a month, and I just resubmitted it a day later and it was fine.
Hitleap ---- Non-ref is a pretty well-known traffic exchange site, so I won't go too much into it (PM me if you need more info, though). Submit your link(s) from sites like 4PTP and Ysear.ch and run the Hitleap Viewer as often as possible to rack up minutes, which will automatically be spent on directing traffic to your links. I personally use 15 seconds for all of my links, but I imagine you could get away with 11 or 12; adding a few seconds helps make sure the site loads. Upgrading to Premium can be worth it, and lets you add more links and spoof the traffic source. Your choice.
Qmee ---- Non-ref ---- Varies too much to give a good estimate is very well known in this subreddit so I'll be very brief for the couple of people who might not know- Download extension, click ads that show up when you search on Google, Amazon, eBay, and Bing, and cashout to Paypal. No minimum amount. I have found that your earnings decrease over time if you click the ads and do not interact with them, and/or click a lot of ads for the same search. Try not to abuse the system by obviously searching for things you have no interest in, as I think the system is actually kind of smart and might pick up on that. I could be wrong though. This method is not 100% passive but requires very little effort.
GomezPeerZone ---- Non-ref ---- $6.30 per month, give or take is another CPU renting application. You can run it concurrently with Slicify, though if both are going at once it will probably eat a lot of resources. A major note here is that you are not earning with GomezPeer from day 1. You have to be approved, and this takes an undetermined amount of time, during which you need to run the software and you lose your earnings each month. Once you do get approved, you'll earn automatically and get any earnings you made in the month you were approved. I believe payouts are automatic, to PayPal. You can also run this on multiple machines at once.
MXWRK ---- Non-ref ---- $.10-20 per day used to be a task-crowdsourcing site like mTurk, but recently revamped into a passive earner with optional tasks for extra cash. You download their toolbar (Firefox only) and let it run. The longer it runs, the more you get. It will alert you of new tasks that pay $.05-$.10 each and are pretty quick to do. If you do plan to use this and Firefox is your main browser, look up a guide for setting up secondary profiles and run the MXWRK toolbar in that profile in a separate instance of Firefox; you can't have Adblock running with MXWRK. They pay out to PayPal every day.
MQL5 Cloud Strategy Testing Agent ---- Like $.60 per month, lol (no referrals as far as I know) is a minor CPU "renting" service. Download their program, sign up with MQL5, and then open up some testing agents (the download site will provide instructions). You won't make much with this, maybe up to 60 cents a month, but it is 100% passive, non-invasive, and takes up little/no resources. Payout is to Paypal, no minimum but it does take a small commission. You can run this on multiple machines.
ScreenwiseTrends Panel ---- $6.00 per month (1 computer 1 phone) (no referrals) tracks your browser usage; this one is run by Google who is already monitoring everything you do and every piss you take anyways. You get $1 per week your computer is active (plus $.50 for a tablet and $.50 for a smartphone, if applicable) with the Chrome extension. Payout is at $25, so this is a slow earner. If you're not cool with being monitored like this, feel free to skip over it. Once you order your reward, it will take 6 weeks to reach you, so don't be alarmed.
Bing Rewards ($25-40 in AGC) I also do Bing Rewards using a bot. If you don't know about Bing Rewards, check out the "Most Commonly Posted Beermoney Sites" sticky and sign up from there. It's not 100% passive, but it's close. The bot I use and recommend is "The BingR", made by a reddit user whose name escapes me, but it's an excellent bot that acts very human-like and even automates the daily bonus activities and mobile searches.
Swagbucks ($30+ in AGC) can be 90%+ passive, and you can still earn plenty per day! I wrote a (similarly long) guide, which you can view right here, at this shameless plug. If you find that guide useful and you aren't already a member of Swagbucks, I would appreciate if you used my referral (you'll have to PM me), but otherwise use the one in the Sticky. Please note that this guide is out of date and I don't plan on updating it right now.
I'm always looking for new passive income streams; the less work, the better! If you're going to recommend a surfbar, it can't require any attention checks and preferably it should run in-browser and not on top of windows like some require.
submitted by darkwulfv to beermoney [link] [comments]

Bitcoin Faucet Bot Make 1 BTC Per 2 Day 100% Working BOT Auto Claim FaucetHub FREE!! Bitcoin faucet bot 3.0 Best Bitcoin Faucet Bot & Collector  Claim From Any ... A bot that automatically collects bitcoins from faucets 2018

How to Hack Bitcoin Faucet? A rotator bot is an algorithm capable of repeating user actions in round-the-clock automatic mode, working on a computer or remote servers and virtual machines. It means that you can come across a Bitcoin generator without completing a captcha, which allows you to earn Satoshi quicker. Auto generator is a simple script that allows users to get small amounts of crypt [Release] Bitcoin Faucet Bot. a guest Feb 22nd, 2015 194 Never Not a member of Pastebin yet? Sign Up, it to download. open this link //adyou/bpDZ. RAW [get] Bitcoin Faucet Bot Free Download Bitcoin Faucet Bot. Pictures: V1.0-V1.3 Instructions: 1. Open 2. Auth 3. Add your BTC address 4. Click start 5. Bitcoin VOX is an independent publication, which provides you the latest sensitive news, trends, prices and analysis on Bitcoin and the Crypto Currency World. If something happens, you will know it sooner. Bitcoin VOX guarantees reactivity with reporters all over the globe and a special focus on trigger events of swings in trading prices such as Regulation, Economy, Security and Technology. In ... Durch Bitcoins Mining können Sie Einheiten der virtuellen Bitcoin-Währung erhalten. Mit entsprechendem finanziellen Aufwand kann so jeder Computer-Besitzer nebenbei Geld verdienen. Wie das geht und was Sie dabei beachten sollten, erklären wir Ihnen in unserem Ratgeber. Bitcoin Faucet Bot. As mentioned, bitcoin faucets offer you a list of task to complete to get free BTC. Faucet bots are created to make this repetitive works easier by automating the process. Bitcoin faucet bot is an algorithm that repeats user’s action round-the-clock. It works on a computer or remote servers and virtual machines. You can select the degree of automation and the robot’s ...

[index] [11836] [18276] [20104] [14021] [16001] [39701] [39726] [38608] [48757] [40624]

Bitcoin Faucet Bot Make 1 BTC Per 2 Day 100% Working

Email me to get a bot - https://t.me/andrew_jo Bot microwallet platform! 0,5 Bitcoin earn dealy to easy! Download bitcoin faucet bot! _____TAGS_____ bot, bitcoin, faucet bot, mining bot, btc ... Best Bitcoin Faucet Bot & Collector ... AUTO FAUCET BITCOIN ETHEREUM LITECOIN DOGECOIN STELLAR RIPPLE DASHCOIN ZCOIN 2019 - Duration: 6:30. Primadi Yusuf 1,314 views. 6:30. faucet collector bot ... Download bot - https://shre.su/3DQ0 Bot microwallet platform! 0,5 Bitcoin earn dealy to easy! Download bitcoin faucet bot! _____TAGS_____ bot, bitcoin, faucet bot ... Example of Bot Tap 3.0 working on hosting, automatic satoshi collection. Bot run 24/7 and collects 600 thousand Satoshi per day You can choose other hosting for yourself. Mail: bitcoinfaucet2014 ... This channel is designed to create videos about ways to earn bitcoin free using different methods. One of the most popular ways to get free bitcoins in 2020 ...

#