Topic: A project to help make Ethereum the number one cryptocurrency. (Read 943 times)

This program allows the Ether to have its own stable coin not tied to the dollar, which creates your profit due to the growth of the value and which can be sold above the value of the issuer itself.

http://prosh.info/smart_eng.html

This project does not collect anything from anyone, he offers you to save this ether on your account in the deposit, and you can put the contract tokens into circulation and sell, pledge while remaining the owner of your ether.

This project allows you to borrow Fiat against the security of your ether, and your ether remains at the address of your wallet in the smart contract, and the bank will have smart contract tokens as collateral. Tokens are very attractive to the bank because they are secured and cannot be devalued and have a positive growth trend, unlike ETH, which has uncontrolled volatility. The bank can issue an interest-free perpetual loan secured by the client's tokens-bonds (an Islamic lending option), although there may be other conditions. The bank does not have access to the client's ETH deposit and in case of non-repayment of the loan can only sell tokens, and ETH will remain in the deposit blocked at the address (account) assigned to the client. Such a scheme of insurance against losses in case of atr volatility is very profitable and can attract ETH owners to become owners of a crypto bank, which in turn will increase the total deposit of ETH and, accordingly, the cost of tokens.

There is no common storage in this project, each cell is an independent bank. The cell is accessible to everyone. Anyone can put ETH or a cryptobank token in it. In the first case, the one who deposited ETH will receive ETH-WORLD tokens, in the second case, by unlocking ETH in the smart contract, the bond tokens are extinguished and burned, while an identical clone of the new smart contract is formed with the address of the next co-owner of the crypto bank. Deposits of all clones of individual smart contracts are summed up and taken into account in the generation of the total issue of tokens–bonds (Stablecoins).

I doubt that hacker attacks are worrisome as much as it used to be. Crypto wallets themselves are very hard to crack into and I am pretty sure it can be done, so how do they hack into stuff? They hack into projects, not people individually but into projects, which means they will be capable of stealing tens of millions of dollars worth of money collected by many people all invested into one place, imagine if binance got hacked, similar thing.

However, it is not just you and me getting hacked, that rarely happens, that is where scammers start to work on, they realized that they can't hack into one wallet, but they can convince the owner of that wallet to give them that money somehow.

Security is the basis of the project.
1. Your financial asset is always locked in a separate cell at your address in the smart contract and is accounted for in the total balance of the crypto bank.
2. To get access to the contents of the cell, it is necessary to send the appropriate number of contract tokens to this address.
3. The crypto bank consists of millions of such cells, so if one wallet address is hacked, hackers can steal only what is stored there.

http://prosh.info/smart_eng.html                                                                                         

The very nature of cryptocurrency itself is decentralized. Maybe your idea is good because with a cryptocurrency bank like this you can not only manage existing assets, but maybe you want to guarantee the security of assets that are stored in your bank. However, we all believe in ourselves, we enter here of course with a risk that we are aware of, this is not only a matter of trading risk but also the risk of getting hacker attacks. Even though we store assets in a strong vault bank, if a virus enters virtually that vault then it's the same. How do you ensure the safety of your customers' assets?

Volatility is the life of the crypto market and it will always be, and the higher it is, the more necessary a reliable place to save your investments, which this project will be.

There are other blockchains like Binance that also support hosting DAPPs, but what makes ETH king of DAPPs is its community of developers that keep developing all the time and has given a complete edge over other blockchain.. The interconnected upgrades in Eth 2.0 by team of global developers has made Ethereum more scalable, more secure, and more sustainable.
Having said so, there is nothing in crypto market that doesn't depend on Bitcoin and Eth is not an exception. 

Personally I strongly believe in Ethereum. Devs continue developing their product. New financial solutions appear upon it all the time. And we definitely shouldn’t forget about Ethereum 2.0. It promises to make Ethereum more scalable, cheaper and more eco-friendly.
Talking about the dependence of Ethereum on Bitcoin. There is nothing surprising about it. All altcoins follow its global trends as when it is falling, people start to panic and sell everything.

Each of us has own opinion about how the fate of the two most promising cryptocurrencies will turn out. It is clear that many dream of seeing Ethereum in the first place, and it is quite worth it, you just need to modify the network for even greater efficiency.

I think the Ethereum developers will find a way to solve this.

Bitcoin will remain digital gold, and Ethereum is the digital oil that fuels the development of new decentralized financial technologies, and time will tell who will be more valuable in the future.

Same question here because the topic seems to be promoting a site that will push Ethereum to take the position of bitcoin though it is impossible to happen in this short time.
Ethereum needs long time and support to finally beat down Bitcoin of course with Luck lol.

You can do same claim mate,because we are all free to say but the thing is How and when?4 years?unless ethereum take a 1/2 of bitcoin market cap i will make believe.,

Then what benefits will the Ether store get in their own account? is there some kind of program that can make him a big fortune in that? if yes then obviously very good, but if there is nothing, it is better to use Ether for something else than to have to save without any profit.

I do believe that developers are already also taking steps to secured and ensure the smooth flow of the platform they develop. Usually, I just always observe about the two way authenticator system using cell number to be integrated in the system. This is one of the most secured way of keeping the platform away from any hacking activity or a user getting phished out by hackers that can't get an easy access to user's account.

it is not easy to make the Defi platform loan project also still prone and easy to break into by hackers very insecure there must be another adoption on the ethereum platform to be able to support all that is realized to fulfill the lending platform program that can help many people I don't expect too much for the Defi platform there is still a gap to take all the coins stored on the Defi platform, it is very difficult to make it safer, there must be a change that is even better to make investors safer for investment.

"I Do Believe Ethereum Will Flip Bitcoin in the Next Four Years:” Balancer's Fernando Martinelli
https://thedefiant.substack.com/p/i-do-believe-ethereum-will-flip-bitcoin-042?token=eyJ1c2VyX2lkIjo3OTc2MTA3LCJwb3N0X2lkIjoxODk0NzA5NiwiXyI6Imo2QmloIiwiaWF0IjoxNjA1NTU3MTE1LCJleHAiOjE2MDU1NjA3MTUsImlzcyI6InB1Yi0xMTI1OSIsInN1YiI6InBvc3QtcmVhY3Rpb24ifQ.GVAwxPwkuaHEICO_QTl-ud0N_KoVQTwkH-38TbKhLS0

DeFI The US Securities and Exchange Commission also noted the apparent vulnerability of DeFi projects. SEC Senior Advisor for Digital Assets and Innovation Valerie Schepanik made a cautionary comment at a recent parallel summit in September:


https://thedailychain.com/ciphertrace-report-half-of-crypto-hacks-in-2020-targeted-defi-platforms/

maybe what they want is to collect large amounts using eth , not to help the eth become top crypto currency.  Even how many tokens you created there will no affect in eth price the only possible thing is more project will earn money by collecting it from different investors.

Just because ETH is the best out there in the altcoin world doesn't mean that other things can't help it, in fact the whole concept of ETH is to be used by other projects so while ETH is helping them, they are helping ETH get more popular as well.

Something bigger doesn't neccesarily means doesn't need help from something smaller, obviously bigger will help smaller first but smaller could be helpful to bigger if they are bunch of them. For example, could you tell me defi had absolutely no help towards ETH at all? This is the same coin that started the year at around 130 dollars, after defi craze we were over 350 easily, with this 2.0 we are even higher but defi helped it go almost 3x in a year. Yes one project didn't help that big, but all of those smaller ones get together can help ETH  a lot.

It's a complete waste of time and energy hoping that a token or coin can help Ethereum when we perfectly understand that Ethereum is the best smart contract out there, what could other project gives to ethereum that ethereum never had? Now that eth 2.0 is coming ethereum will get even better than before, this project can survive without any other project

Let's figure it out.
The DAO is primarily the INTERMEDIARY in the DeFi system. Any intermediary wants to eat, and who feeds him? YOU! In addition, the intermediary may be wrong, and he is not responsible for your financial assets.
My project was just created to preserve financial assets and no one but you manages them.

It has not always done what it was supposed to do, though,,, in fact from early on already the DAO concept did not work out, causing the split. And the very reason it is going to ETH 2.0 is because the original model proved that world supercomputer does not work as a concept without staking and sharding. Still,,, it is going in a right direction that cannot be denied!

Ethereum don't need help from a project to become the number one cryptocurrency today, right from day one Ethereum have been doing what it was meant to do, it's the king of all altcoins and smart contract Platforms, ethereum is too strong and that's why many new smart contract projects can't over thrown ethereum today.

Yes, that is, if the token price continues to grow, it will clearly benefit the bank a lot, but if the token price continues to fall, they will also experience losses indirectly even though those who borrow will also lose directly.

Ethereum for me is the number one cryptocurrency, or the king of Altcoins,
imagine the number of Defi projects built on the Ethereum platform is already very lots,
and this certainly affects their network, and the effect is that GAS is so expensive,
but now it looks like they have handled it, and GAS being cheap, I believe Ethereum will always be number 1 for altcoins.

I've seen many projects that arise in cryptocurrency and said they can surpass the value price together with its volume in the market, but all of them ended up into nothing but breaking up for what they've said about surpassing the value of Bitcoin, so in Ethereum, for now, it will always be next into Bitcoin and we don't know when will gonna happen that ETH can beat Bitcoin.

The success of a project is determined by the quality of the code and the technical genius that they built into it and not hype and massive promotion claiming it to be the next big thing and if that is the situation you could pump for a bit but then it will dump heavily and the success of the project does not have anything to do with the volatility, but these excuses can be heard everywhere and it is simply because their code is not great and the same case with ETH and bitcoin

I didnt even expect for ETH to have those ridiculous high fees if we do compare into those times when it was still new. Come to think that even on that bull run time where fees
isnt really that high.I dont know on what happened but if this would be the case then probably people will jump to other alts which had lesser fees and transaction time.
For bitcoin then theres no doubt that this one will always be on the top in spite of its flaws or cons.I dont see for any projects to drag ETH to be number one in the market.

^ ETH now becomes worst to me, look at the speed and the transaction fee, all become low because there are many projects that tied up of this coin, ETH. I don't think if this is what they called the new ATH of ETH, even the speed and fees will never have an ATH too. But I still look forward to it and probably the founder and team on it will find ways and resolve this issue. Nevertheless, when it comes number one cryptocurrency is always bitcoin is on the top, no doubt on it.

I understand the point you are making, and I agree that investors and lenders in a way thrive from volatility, it is the bread and butter to making profit. Similarly, there will be no room for further discussion for any platform where security isn't in place - that must come as top priority.

Would ETH be able to rise against its predecessor BTC? Well, I think this depends on how well DeFi will do and how high smart contracts can take this. However, one possible roadblock to this is the huge fees... I think this is the grey area most people are concerned with regarding ETH

I wouldn't think too much about the reality of a crypto project or even want to emulate a Bitcoin project. I have seen many crypto concepts that are promising but not as easy as they might hope. especially if you are planning to develop a new project and have high confidence about volatility, in my opinion it is not possible.

The token cannot continuously grow in price. Even the dollar is subject to inflation. What you are writing about is only an idea and has no real prototype. But I believe that there is a hidden error in your calculations that we do not notice. This is the conclusion I make based on the post I already published earlier: https://bitcointalksearch.org/topic/m.55161162

What is meant here is to make Ethereum unaffected by volatility? If it is not volatile, then can you say the ETH price will be more stable? Isn't this going to be a stable coin?
In this case, ETH does not need to be separated from volatility because this is one way to profit from it. In addition, currently, ETH is the best altcoin and it is no longer necessary to pass BTC.

Here's an interesting take on how Ethereum will inevitably rise in value.
https://bankless.substack.com/p/why-pomp-is-wrong-about-eth?token=eyJ1c2VyX2lkIjo3OTc2MTA3LCJwb3N0X2lkIjo4NjYzMjEsIl8iOiI1K0xtaiIsImlhdCI6MTU5Nzk2MTYxNywiZXhwIjoxNTk3OTY1MjE3LCJpc3MiOiJwdWItMTYwMTUiLCJzdWIiOiJwb3N0LXJlYWN0aW9uIn0.mW0SoEeL8oaEP5v5ZiQ5IjtJdNZHUINTf32Rh9zIc1w

Don't dare mate because ETH cannot beat Bitcoin no matter what( at least this is what i learn over the years)
if there is one coin that may take the position in future maybe this is not ethereum
You have good intention( if you really mean these things) and i hope you'll find the right path to make this into succes.
But I'm sure this will take time before we see the good effect.

First of all, this needs to be on service announcement or service discussion, not altcoin discussion.
And about the idea itself - I'm feeling controversial about it, because I highly doubt your point that the service helps the ethereum originally.

Why do you think that your tokens will grow in price, who determines it?

The difference is that by sending Ethereum to a smart contract in programs led by MakerDAO to receive DAI, you will never receive your ETH back, in addition, you send 30% more ETH to the smart contract than you receive stablecoins as collateral and in the event of a sharp drop ETH for more than 30% your collateral can be reset to zero.
This is not in my project. You send your ETH to your account of your wallet connected to the smart contract, and it is blocked in the contract, in exchange, you receive 100% of the financial asset equivalent ETH-WORLD tokens, which, unlike DAI, has a programmed increase in value.

From now on, let's take a closer look, what does it mean they don't send to anyone, but to a smart contract? In DeFi, they send Ethereum to the contract, they receive stablecoin just like you do, what's the difference.

Are you saying your ETH-WORLD tokens are better than bitcoin? You are just a dreamer, where did you get it?

The DeFi developers, in my opinion, made the wrong emphasis in terms of priorities for the formation of financial assets. Ethereum in DeFi projects is an indirect asset serving for the production of stabilizers on the basis of which their entire system is built, in other words, the derivative coins with which they clog the blockchain network are of greater value than Ethereum itself, if I am wrong to object. In my project, Ethereum is the main financial asset, and ETH-WORLD tokens are its financial equivalent, which has the only indisputable property of insurance and protection against financial losses of Ethereum owners and has a property better than Bitcoin, it cannot be devalued.

Cryptocurrency loan solution has been working in DeFi for a long time why is your project better than it?

I will give it a read. Is the link secure?

TEX-LXRY

So this implies that if a person deposits its ETH then that person will not lose the money in ethereum but in return the person can actually earn money depending on the amount(x) of users are coming to (The solution) you giving?

TEX-LXRY

So you think @OP that lending the money in contracts or simply we say through ethereum will increase the number of people using it? And increase the demand and interest because of lending. I think it will increase the price as many people will come forward to take this opportunity who are in need and many people will be interested in using storage facility but why with you? They can store easily in cold wallet or some one can easily save in some old usb stick and save it!

TEX-LXRY

You are absolutely right, I was the one who suggested the creation of a cryptobank. Unlike known solutions, this bank does not have a single management. Everyone who has connected to it becomes its co-owner and manager within the limits of their authorized capital (deposit) and can earn money by connecting those who want to become the same co-owners.

Thank you very much for your feedback, you are absolutely right, I started this discussion precisely in order to help me and myself who follow it to understand many issues related to the safety of investments in crypto currency. But what is strange is that all the comments on the project are directed only to the fact that they primarily need unbridled volatility, but no one understands in connection with what it can become manageable and predictable. Now with regard to Bitcoin, you are claiming that it has taken its position independent of another cryptocurrency, yes it is, and who controls it? The owners of the controlling stakes may collapse tomorrow and sell them, and what will happen to the market? This can't happen in my project. If you read carefully, you will understand that Ethereum has financial protection for ETH-WORLD tokens, while Bitcoin does not. My project is universal for any financial system, including Bitcoin, in which you can create a depository through a smart contract.

You are absolutely right, only then do people make or lose money when the market is in a fever. It is for this that I proposed my idea, which allows not to be afraid of such a situation. If you and not only you, but also many others have placed your financial assets in the deposit of a smart contract, you are not afraid of a market collapse, read the draft there it is described.
http://prosh.info/smart_eng.html

Thank you for your support, in turn, your critical comments on the project would be interesting, perhaps this would motivate you and others to understand the features of the project.
http://prosh.info/smart_eng.html

Ethereum itself will always be volatile to one degree or another depending on the market demand, but ETH-WORLD tokens can only grow in price, that is, have only positive volatility and under no circumstances can be reset to zero, and if this is so, then in Ethereum will bring big business that can surpass the capitalization of BTC.

You are absolutely right, unlimited volatility is needed only for traders and speculators (in a good way) to make a profit. As for keeping your financial assets in cryptocurrency and not in a bank account, you need stability and predictability that no one will steal or block your hard-earned funds. My project implements this idea.

Dont really understand things here, is it your project will help ethereum thrive, or you want to gain idea that can help your project?

and from the write up in the project, you said people safe and get their asset back without of lossing such asset. So let me say you are you trying to create crypto bank, so is their any means of interest on asset keep

I love the fact that you are defending your project while welcoming critics to know where you are found wanting and where you need to improve. However, I want to point out an impression and that is, Bitcoin has occupied that position by not depending on any other crypto, rather it's features and trust kept it there. Now, I do not also think that any crypto can make Ethereum massive enough to beat Bitcoin. Before, many projects has leveraged the Ethereum blockchain yet it maintained its position wherein some later moved to different blockchains. So, I think you should focus more on enhancing your idea and thus your project.

Every movements around this market there's corresponding effects.

Not everyone is entitled to earn inside this venue of investment, only those who fully recognized opportunities will.
In regards to ETH the developing team are working and it;s reflects from how people continue investing to this coin.

Of course, not everyone can make money when the market is volatile. Only those who truly love and understand the market can earn when the market changes.
At the moment the cryptocurrency market is where people invest and make a profit so when the market changes it's time for people to make money.

Seems like a Russian project and personally i do not great experiences in the past with many Russian based projects but i do not believe much that it depends on location. Anyways if it supports the ethereum network i will support it and i do see a lot defi data and upgradation or liquidity based new projects which is also very encouraging and depicts the big future ahead for eth, defi and crypto overall.

You're right. In my opinion, I think there will be no coin can beat the dominant of BTC. ETH will always be the number one altcoins for sure! As I can see, there is no way for ETH to beat BTC right now. Besides, how can we control the volatility of the market? It's the natural of the cryptocurrency market, we can earn money from this market is because of the volatility. In other way, if you talk about controllable volatility, who will be benefited? The controller or the participants?

I have no idea to make it realized. BTC will be always number one in cryptocurrency. And ETH is the number one of altcoins. that is what I think. I am also still confused about the meaning of "controlled volatility". Does it mean that the crypto will not be volatile again or it will be controllable?
Well, I don't think it may work well in the crypto world. Because one of the main characters of crypto is about its volatility. If it is about the controlled rate or volatility, it may belong to the stable coin.
But, this is an interesting topic to discuss.

this can only happen with the successful launch of ETH 2.0 but there is no guarantee that the project team will actually be able to implement what they are talking about

Low transaction fees, that's what can help Ethereum become number one, I'm already afraid to use it.

too high volatility in the cryptocurrency market is also not very good. few people can correctly take advantage of this volatility. in most cases, people lose their money

Basically the best thing about the crypto market is that it is always volatile, if the market is not volatile we can hardly make money from it.
Besides, Bitcoin is the king of the crypto market and it is very difficult for any coin to surpass it, and all the currencies in the market must depend on bitcoin.
So I think a project of a coin that is not volatile, and that could make ETH number one is not viable.

Thank you for your wish. If you have carefully read the terms of the project, you may have some comments that, in your opinion, seem unacceptable to you, for example - Smart contract (bank - depository) allows you to accumulate all available free ETH in a deposit. The returned tokens to the smart contract are canceled, once they burn out blocking ETH. The ETH-WORLD coin initially has the capitalization of ETH, since it is not issued additionally like all existing types such as TEZER and other Stablecoins, which are allegedly provided by the "ghost of money" buried in an unknown place and whose action can be covered at any time, since they are manually controlled and someone is personally responsible for their release. The project is also fundamentally different from the DeFi financial system, which is based on the existing monetary system, focused on Stablecoins, which has an administration based on the exchange rate of the dollar and is exposed to the risks of losing financial assets with large and sharp negative volatility of ETH.
A side view is very important to me.

Yes, it's about any other platform, I mean most platforms.

About the deposits and contracts, I'm addressing the security which means that how most of the projects are keeping themselves strong in terms of security.

I'm only saying that from an investor's perspective, we don't usually go with the deeper knowledge about security but just want to avoid those hackings just like what happened with DeFi platforms that has been reported to be hacked.

I wish your project all the best.

It's about the platform itself. The Ethereum chain is there and will always be there if your token was made on their network.

What people who don't have enough knowledge about security is that they won't be fearful of the potential hacking of the platform where they have deposited their Ethereum or any crypto assets that it requires for you to be invested to their DeFi.

To me, it's the most important factor, security.

I think that ETH need to improve as second currency in some county like Russia and than it really start to be the number one! we will see, I believe  that such project could be!

^^ tldr;

I guess it's better for you to tell us what challenges ETH, because as far as we know, ETH is still the umber one altcoin even though it has been put to the test many times with many competitions coming along the way. And it's really hard not to correlate any crypto to bitcoin, after all, trading pairs are based on it.

And for the volatility, it's part of the market and it is going to be difficult to minimise it. That's why investors know that there is risk. Then we have the Defi now, locking your funds. And we have the ETH staking in which investors are going to profit by participation alone.

He has not idea about what impact that already given by the lend service to the ethereum. There are some lending crypto that have already operated in ethereum blockchain and it gives nothing to the ethereum.
I think is if everyone aware about nexo.

investment borrowing? how is it going?

For example: I borrow crypto for investment, where I do not issue any money or collateral, and when the price of the investment that I enter or borrow continues to decline, won't the project owner actually lose with that? it may be profitable for the borrower, but detrimental to the owner of the loan project.

Ethereum and its development depends totally on ethereum developers and i think they will be enough to make ethereum the best as ethereum has the largest number of developers working on it. As far as other projects are concerned it is great to know that so many projects are working under or developing under ethereum ecosystem this will definitely help in more ethereum adoption over the years.

I think that for a coin to be number one, there is a huge work to do, for exemple : solving problems that "first coins" didn't (which is not appropriate in the case of Ethereum because of its blockchain congestion that happens from time to time)

What does cryptocurrency lending have to do with its ability to bypass the price dominance of bitcoin, including how ethereum can become the number one cryptocurrency?
In my opinion, the dominance of bitcoin will disappear only if the level of its capitalization drops significantly and approaches the level of capitalization of other cryptocurrencies. Perhaps this will happen someday.

You are right financial security is the main factor that I first of all considered in the project. You don’t send your financial asset (Ethereum) to anyone in the project, but keep it at your address in a smart contract, thus you don’t fear that someone can steal it or nullify the equivalent of your financial asset, you can mortgage and receive its full value or sell, and your asset will remain locked in a smart contract at your address.

Investors or lenders don't fear the volatility. What they fear most is the security of the platform where they have invested their money.

Someone who invests in defi or lending platform understands the volatility of cryptocurrencies as from the beginning it has always been. But whether there will be a help or none from any other projects, Ethereum won't surpass bitcoin.

It will remain as the number one crypto.

I propose to consider a platform project in which I used the principle of preserving any financial assets through the ETHEREUM cryptocurrency or similar, in which a smart contract can be used. The platform allows all ETHEREUM holders, when connected to it, not only to save their assets, but also to multiply them. There is nothing new in my project, everything I offer has already been partially used by someone in their projects before. For example, the developers of the BAEX token use a smart contract with parameters similar to my idea, which I published back in 2019. They tied their project to the existing fiat financial system of Decentralized Finance (DeFi), which is based on a monetary system focused on “Stable Coins”, which has an administrative management based on the value of the dollar exchange rate, and which is subject to the risks of losing financial assets with large and sharp volatility of ETH.
I took into account all these fundamental mistakes in my project. The cryptobank, created on the basis of a smart contract, converts ethereum financial assets into liquid tokens that cannot be devalued under any circumstances. Each of their owners paid certain funds for refractory gold tokens-bonds of the cryptobank, so they have their own value, the same as bitcoin, unlike it, this price cannot be less than the cost of acquisition and it is impossible to create them in any other way.

                                                                               
Imagine a bank where you place your financial assets in the form of an ETH deposit not to the general bank account, but to your cell. The bank, accepting your deposit, issues token-bonds. Your ETH is stored in your safe deposit box at the bank and counts towards the overall balance of the "authorized capital" of the crypto bank.

http://prosh.info/smart_eng.html