Altcoins have lost its value in recent times with many block chain being permissionless. May at times projects are being promoted with the notion that notable programers, technologists are behind such projects. Sooner than later it'd be discovered that most names are just published to lure innocent investors.
NEAR can be a great project but what are the evidences that they are building something worthwhile. However we shall look into the project as time goes on.
Topic: Alternative Block Chains : be safe! (Read 1666810 times)
I definitely recommend checking out NEAR. NEARs team of developers is world class coming from companies like google and Facebook just to name a couple. It’s also been backed by top VC’s including Coinbase and Pantera Capital. It’s currently top 10 in the amount of developers building on it according to GitHub and is also top 10 for the amount of money hedge funds have invested in it. I truly believe it’s a hidden gem that will be huge in the coming years. NEAR is also climate neutral and is building Web 3.0, NFT marketplaces, games, finance, fighting climate change, and more. I’d definitely recommend checking it out, their telegram is very welcoming and the admin answered all of my questions about the project!
While #DashDirect is a great way to save while spending your #Dash, it's far from the only way to spend it! Dash is a truly global and versatile money.
https://twitter.com/Dash_Community/status/1421539453781397506
Megafone Save up to 12% instantly at the brands you love with the #DashDirect app! Sacolas de comprasCarrinho de compras
Easily shop and pay with #DASH at over 155,000+ locations and 125+ online merchants in the #USA
Celular com seta da direita para a esquerda Download the Android or iOS app at http://DashDirect.org and start saving today!
https://twitter.com/Dashpay/status/1420107581713002505
https://twitter.com/Dash_Community/status/1421539453781397506
Megafone Save up to 12% instantly at the brands you love with the #DashDirect app! Sacolas de comprasCarrinho de compras
Easily shop and pay with #DASH at over 155,000+ locations and 125+ online merchants in the #USA
Celular com seta da direita para a esquerda Download the Android or iOS app at http://DashDirect.org and start saving today!
https://twitter.com/Dashpay/status/1420107581713002505
Beside all that, some projects may lead to absolute doom. But as you said, "Don't invest more money or time than you can afford to lose."
I haven't seen anybody post about what would be my biggest worry if I were trying out alternative block chains. I realize this may be perceived as "Gavin is FUD'ding anything that isn't bitcoin!" (FUD == Fear, Uncertainty and Doubt) But I think some of you might be forgetting some basic computer security fundamentals in the excitement to be early adopters.
When I first heard about bitcoin, my questions were:
1) Can it possibly work (do the ideas for how it works make sense)?
2) Is it a scam?
3) If it is not a scam, could it open my computer up to viruses/trojans if I run it?
I answered those questions by:
1) Reading and understanding Satoshi's whitepaper. Then thinking about it for a day or two and reading it again.
2) Finding out everything I could about the project. I read every forum thread here (there were probably under a hundred threads back then) and read Satoshi's initial postings on the crypto mailing list.
3) Downloaded and skimmed the source code to see if it looked vulnerable to buffer overflow or other remotely exploitable attacks.
If I were going to experiment with an alternative block-chain, I'd go through the same process again. But I'm an old conservative fuddy-duddy.
If you want to take a risk on a brand-new alternative block-chain, I'd strongly suggest that you:
1) Run the software in a virtual machine or on a machine that doesn't contain anything valuable.
2) Don't invest more money or time than you can afford to lose.
3) Use a different passphrase at every exchange site.
When I first heard about bitcoin, my questions were:
1) Can it possibly work (do the ideas for how it works make sense)?
2) Is it a scam?
3) If it is not a scam, could it open my computer up to viruses/trojans if I run it?
I answered those questions by:
1) Reading and understanding Satoshi's whitepaper. Then thinking about it for a day or two and reading it again.
2) Finding out everything I could about the project. I read every forum thread here (there were probably under a hundred threads back then) and read Satoshi's initial postings on the crypto mailing list.
3) Downloaded and skimmed the source code to see if it looked vulnerable to buffer overflow or other remotely exploitable attacks.
If I were going to experiment with an alternative block-chain, I'd go through the same process again. But I'm an old conservative fuddy-duddy.
If you want to take a risk on a brand-new alternative block-chain, I'd strongly suggest that you:
1) Run the software in a virtual machine or on a machine that doesn't contain anything valuable.
2) Don't invest more money or time than you can afford to lose.
3) Use a different passphrase at every exchange site.
Alternative Block Chains This blockchain technology may seem like an unnecessarily complicated process to move money around. But blockchain has its advantages.
With traditional payment methods every transaction in the world is registered on privately owned databases owned by companies and state entities. This database is not accessible to the public and is therefore closed. They are also usually owned by a single entity. Due to this nature, they can be open to fraud or exposed to attacks that can cripple the network.
Unlike the bitcoin blockchain. Now think about blockchain as an enhanced database. It records all transactions in bitcoin, does not allow recurring payments, and requires multiple parties to authenticate the movement of the digital coin.
With traditional payment methods every transaction in the world is registered on privately owned databases owned by companies and state entities. This database is not accessible to the public and is therefore closed. They are also usually owned by a single entity. Due to this nature, they can be open to fraud or exposed to attacks that can cripple the network.
Unlike the bitcoin blockchain. Now think about blockchain as an enhanced database. It records all transactions in bitcoin, does not allow recurring payments, and requires multiple parties to authenticate the movement of the digital coin.
What is TokenPocket (TPT) | What is TokenPocket token| What is TPT token
TPT refers to TokenPocket Token, an applicational token representing TP users and developers’ rights in the TP ecosystem. TPT is also an important link among the wallet, users, and developers.
Five Things You Probably Didn’t Know About TokenPocket
There is a giveaway at the end of this article. Free TokenPocket Tokens for Everyone.
Most cryptocurrency products, companies and communities exist as walled gardens. TokenPocket brings everything and everyone together, giving users a pleasurable way to experience a variety of cryptocurrencies and blockchain applications in a single app. TokenPocket is more than a wallet, its an experience and symbol of true blockchain unity, accessibility and interoperability. A one-stop-shop for dApps, blockchains and cryptocurrencies.
TokenPocket is a multi-blockchain cryptocurrency wallet and dAppstore. In the following post, I’ll show you some amazing things you probably didn’t know about TokenPocket and some reasons why you should give it a five-star rating.
1. TokenPocket is Available on Android, iOS, and Desktop and it Supports Everyone.
TokenPocket is available on android, iOS, and desktop and it supports most of the major blockchains and cryptocurrencies. TokenPoket started by supporting the EOS blockchain but it has since spread its boundaries to include more blockchains and ecosystems. If you want your token to be listed on TokenPocket, just reach out to the team on Telegram. I’m sure that they would be excited to include your cryptocurrency in their wallet. The blockchains that you would find on TokenPocket are ETH, EOS, BOSCore/BOS, Tron, IOST, Cosmos, Binance, e.t.c. Tokenpocket supports all the cryptocurrencies and dApps associated with these blockchains. TokenPocket support for bitcoin is coming soon!
You can download TokenPocket from PlayStore or AppStore. TokenPocket has two versions for iOS users, the first one is the TokenPocket wallet which you can download directly from AppStore. The other one, referred to as TokenPocket Pro is not available on AppStore, you’ll have to download it using test flight. TokenPocket Pro contains a dApp store through which users can access all the dApps on the blockchains supported by TokenPocket. For details on the difference between TokenPocket and TokenPocket pro, click on this link.
2. More than Just a Wallet.
TokenPocket is more than just a wallet. It is a dAppstore, a handy blockchain toolkit, a one-stop-shop for blockchains and all things crypto and one of the best places to get the latest blockchain and cryptocurrency news.
You can access the dAppstore in TokenPocket by clicking on “discovery”. It would give you access to dApps that are built on all the blockchains supported by TokenPocket. If you are looking for a specific dApp, all you have to do is go to the topmost address bar titled “search dApp or enter a link” on the “discovery page”, click on it and enter the link to the dApp website.With TokenPocket you can do basic blockchain activities like voting for your favourite block producer or proxies and managing your resources.
Recently, TokenPocket launched a built-in cross-chain token swap service. This supports the swap of BTC , EOS, TRX, ETH, BTT, USDT, HT, DAI, TUSD, and USDC. More tokens are being added. With this service, you can seamlessly swap your crypto tokens. You don’t have to transfer them to an exchange. TokenPocket makes life easy for the crypto enthusiast.For more information on how to use the instant token swap on TokenPocket, click on this link.
3. TokenPocket is Secure. It's a Non-Custodial wallet. This means it doesn’t Hold your Private Keys nor Does it Know them.
TokenPocket is a Non-Custodial wallet. This means it doesn’t hold or know your private keys. As a user in TokenPocket, you have full custody and responsibility for your private keys. If TokenPocket does not take custody of private keys, then how does it handle the keys. TokenPocket uses three-layer encryption. The private keys are stored locally, physically isolating important data, processed by a three-layer encrypted algorithm, and sensitive information is never leaked. It uses multiple security with a password to protect your private information. It supports fingerprint and facial recognition.
Non-Custodial wallets offer the best Blockchain facilities. They are more secure than custodial wallets. They give users full control of their assets and private keys. This puts the responsibility on the users to secure their keys. If you lose your private keys, you lose your funds forever and there is no recovery whatsoever.
With non-custodial wallets like TokenPocket, no one can freeze your funds due to maintenance, KYC requirements, e.t.c. You do not risk losing your money due to hacks or other security flops. For example, in May 2019, there was a large scale” data breach, in which hackers stole more than $40 million (7,000 bitcoin) from the most popular cryptocurrency exchange/wallet. Satowallet recently lost millions of dollars due to an OVH data server error. These risks do not exist in a non-custodial wallet like TokenPocket.
4. You can trade on Decentralized Exchanges like Binance Dex or Newdex.io via TokenPocket.
By now you already know that TokenPocket enables you to easily swap your crypto tokens. That’s not the only trading that occurs in TokenPocket.
You can access many decentralized exchanges on TokenPocket. For EOS, the most popular one and the one I use is NewDex.io. The beautiful thing about trading on exchanges via TokenPocket is that you have an extra sense of security since you don’t have to put in your private keys or create any extra password or worry about your funds being manipulated or stolen. Access to many decentralized exchanges is a great feature but the ease of access and great user-experience is what really makes TokenPocket stand out. Before now, decentralized exchanges have been notorious for having a poor UX.
5. TokenPocket has a Token: TPT.
TokenPocket Token (TPT) is the native currency of the TokenPocket platform. TPT is one of the innovative features of TokenPocket. One of its current use-cases is that it gives you access to some advanced/premium features in the TokenPocket app. It also gives exclusive access to some airdrops. Holders of the TPT would receive special airdrops based on their stake.
TPT also has some interesting tokenomics (token economics). The TokenPocket team recently announced the f ourth round repurchase and burn program of TPT. Burning of crypto tokens has proven to be a good way to induce scarcity and give more value to the holders. I look forward to seeing how the TokenPocket team would create innovative use cases for the TPT and value to the holders.
The TPT is live on the EOS main net and you can buy it from Newdex.io and other exchanges via the TokenPocket app.
TPT refers to TokenPocket Token, an applicational token representing TP users and developers’ rights in the TP ecosystem. TPT is also an important link among the wallet, users, and developers.
Five Things You Probably Didn’t Know About TokenPocket
There is a giveaway at the end of this article. Free TokenPocket Tokens for Everyone.
Most cryptocurrency products, companies and communities exist as walled gardens. TokenPocket brings everything and everyone together, giving users a pleasurable way to experience a variety of cryptocurrencies and blockchain applications in a single app. TokenPocket is more than a wallet, its an experience and symbol of true blockchain unity, accessibility and interoperability. A one-stop-shop for dApps, blockchains and cryptocurrencies.
TokenPocket is a multi-blockchain cryptocurrency wallet and dAppstore. In the following post, I’ll show you some amazing things you probably didn’t know about TokenPocket and some reasons why you should give it a five-star rating.
1. TokenPocket is Available on Android, iOS, and Desktop and it Supports Everyone.
TokenPocket is available on android, iOS, and desktop and it supports most of the major blockchains and cryptocurrencies. TokenPoket started by supporting the EOS blockchain but it has since spread its boundaries to include more blockchains and ecosystems. If you want your token to be listed on TokenPocket, just reach out to the team on Telegram. I’m sure that they would be excited to include your cryptocurrency in their wallet. The blockchains that you would find on TokenPocket are ETH, EOS, BOSCore/BOS, Tron, IOST, Cosmos, Binance, e.t.c. Tokenpocket supports all the cryptocurrencies and dApps associated with these blockchains. TokenPocket support for bitcoin is coming soon!
You can download TokenPocket from PlayStore or AppStore. TokenPocket has two versions for iOS users, the first one is the TokenPocket wallet which you can download directly from AppStore. The other one, referred to as TokenPocket Pro is not available on AppStore, you’ll have to download it using test flight. TokenPocket Pro contains a dApp store through which users can access all the dApps on the blockchains supported by TokenPocket. For details on the difference between TokenPocket and TokenPocket pro, click on this link.
2. More than Just a Wallet.
TokenPocket is more than just a wallet. It is a dAppstore, a handy blockchain toolkit, a one-stop-shop for blockchains and all things crypto and one of the best places to get the latest blockchain and cryptocurrency news.
You can access the dAppstore in TokenPocket by clicking on “discovery”. It would give you access to dApps that are built on all the blockchains supported by TokenPocket. If you are looking for a specific dApp, all you have to do is go to the topmost address bar titled “search dApp or enter a link” on the “discovery page”, click on it and enter the link to the dApp website.With TokenPocket you can do basic blockchain activities like voting for your favourite block producer or proxies and managing your resources.
Recently, TokenPocket launched a built-in cross-chain token swap service. This supports the swap of BTC , EOS, TRX, ETH, BTT, USDT, HT, DAI, TUSD, and USDC. More tokens are being added. With this service, you can seamlessly swap your crypto tokens. You don’t have to transfer them to an exchange. TokenPocket makes life easy for the crypto enthusiast.For more information on how to use the instant token swap on TokenPocket, click on this link.
3. TokenPocket is Secure. It's a Non-Custodial wallet. This means it doesn’t Hold your Private Keys nor Does it Know them.
TokenPocket is a Non-Custodial wallet. This means it doesn’t hold or know your private keys. As a user in TokenPocket, you have full custody and responsibility for your private keys. If TokenPocket does not take custody of private keys, then how does it handle the keys. TokenPocket uses three-layer encryption. The private keys are stored locally, physically isolating important data, processed by a three-layer encrypted algorithm, and sensitive information is never leaked. It uses multiple security with a password to protect your private information. It supports fingerprint and facial recognition.
Non-Custodial wallets offer the best Blockchain facilities. They are more secure than custodial wallets. They give users full control of their assets and private keys. This puts the responsibility on the users to secure their keys. If you lose your private keys, you lose your funds forever and there is no recovery whatsoever.
With non-custodial wallets like TokenPocket, no one can freeze your funds due to maintenance, KYC requirements, e.t.c. You do not risk losing your money due to hacks or other security flops. For example, in May 2019, there was a large scale” data breach, in which hackers stole more than $40 million (7,000 bitcoin) from the most popular cryptocurrency exchange/wallet. Satowallet recently lost millions of dollars due to an OVH data server error. These risks do not exist in a non-custodial wallet like TokenPocket.
4. You can trade on Decentralized Exchanges like Binance Dex or Newdex.io via TokenPocket.
By now you already know that TokenPocket enables you to easily swap your crypto tokens. That’s not the only trading that occurs in TokenPocket.
You can access many decentralized exchanges on TokenPocket. For EOS, the most popular one and the one I use is NewDex.io. The beautiful thing about trading on exchanges via TokenPocket is that you have an extra sense of security since you don’t have to put in your private keys or create any extra password or worry about your funds being manipulated or stolen. Access to many decentralized exchanges is a great feature but the ease of access and great user-experience is what really makes TokenPocket stand out. Before now, decentralized exchanges have been notorious for having a poor UX.
5. TokenPocket has a Token: TPT.
TokenPocket Token (TPT) is the native currency of the TokenPocket platform. TPT is one of the innovative features of TokenPocket. One of its current use-cases is that it gives you access to some advanced/premium features in the TokenPocket app. It also gives exclusive access to some airdrops. Holders of the TPT would receive special airdrops based on their stake.
TPT also has some interesting tokenomics (token economics). The TokenPocket team recently announced the f ourth round repurchase and burn program of TPT. Burning of crypto tokens has proven to be a good way to induce scarcity and give more value to the holders. I look forward to seeing how the TokenPocket team would create innovative use cases for the TPT and value to the holders.
The TPT is live on the EOS main net and you can buy it from Newdex.io and other exchanges via the TokenPocket app.
You have given good opinions. Nowadays, the transaction fess of Bitcoin is very high and its transaction speed is very slow. Many people do not use Bitcoin because of its high transaction fees. They prefer other coins blockchain for transferring funds such as TRON, Stellar, BSC( Binance smart chain). etc
People use these blockchain because of the low transaction fess and high speed.
For me really good chain at Huobi, because transaction very high speed and very low gas price (less 0.01), bsc(0.1-0.2 usd per transation). People use these blockchain because of the low transaction fess and high speed.
You have given good opinions. Nowadays, the transaction fess of Bitcoin is very high and its transaction speed is very slow. Many people do not use Bitcoin because of its high transaction fees. They prefer other coins blockchain for transferring funds such as TRON, Stellar, BSC( Binance smart chain). etc
People use these blockchain because of the low transaction fess and high speed.
People use these blockchain because of the low transaction fess and high speed.
Thanks for the interesting article! Valuable information for those who start working with cryptocurrencies. The article gains more and more value when bitcoin and other currencies fly up and a new historical moment takes shape around the topic of cryptocurrency. A huge number of people who do not understand anything about this come to the market with their money and the lack of basic knowledge and rules of conduct in the market. The more articles by authoritative users will be devoted to community development, the better for everyone.
Blockchain wallets are safest wallet. Blockchain wallets use private key encryption to secure data and all transaction.
I agree with you.
There is very little possibility of a hack if you keep a token in a blockchain wallet. Lastly Blockchain Wallet is a safe wallet.
What is a blockchain wallet?
Any suggestion's on buying Altcoins as i am new to it.
The easiest way to buy crypto and store is on a regulated exchange like Coinbase. That said, once you become more advanced, you will need to install metamask to use DApps on chains like Polygon, Candle Chain, and Fantom. One step at a time.
I just noticed Binance-owned Beacon chain will be inoperative from this month. The last block height was determined. What do you think about XRP Solana or even Matic?
your points are spot on and i agree with the importance of caution for alternative blockchains i make sure to read their whitepapers and assess their legitimacy running the software in a virtual machine and using strong unique credentials are my go to strategies to stay secure it’s all about taking calculated risks while protecting your assets btw thanks for highlighting this it’s a good reminder for all of us...
Hi all.
Anyone know why the newest memecoins are skyrocketing despite having few holders and being seemingly sh*t?
Would much appreciate input👍.
Anyone know why the newest memecoins are skyrocketing despite having few holders and being seemingly sh*t?
Would much appreciate input👍.
People see the prices and the huge marketcap of Bitcoin and major altcoins and find them expensive. They turn to much riskier coins to make easy money in a short time. In an environment where a new token appears every second, the only goal of those who put money into them is to multiply their money. They should be seen as a new generation of ponzi, they have no technological innovation, no value they put on. Get rich quick or lose all the money, there's no in between.
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Hi all.
Anyone know why the newest memecoins are skyrocketing despite having few holders and being seemingly sh*t?
Would much appreciate input👍.
Anyone know why the newest memecoins are skyrocketing despite having few holders and being seemingly sh*t?
Would much appreciate input👍.
Some people only have one computer and that must suck. Fortunately I have multiple so I can use some of my alt-miners to do this safely.
You can use a virtual machine for this. You don't need to have more computers.
yo guys, i need some nice community things kind of stuff, its been quite sometime not in da space. 
There are many great points in this post, however, if you are up to setting a node for an alternative blockchain to run it's protocol, it's crucial to not only check the software for it, but the project, founders and investors behind it as well. It would be great to check the community, their socials, info and metrics about the token, so that there wouldn't be honey pots or rug pulls. And, of course, DYOR is a corner stone for any kind of activity in this sphere.
Thanks for your info! It is always a good advice to set a different password for every account you are creating in the internet, especially for those who are connected to payment services!
Yes it is! However, you need to be careful you don't begin to get confused as to which password is for which site or platform. The fact remains that we interact with different platforms almost on a daily basis.
Not sure if writing these passwords down somewhere is something to recommend. Some persons have adopted encrypting their passwords into Google doc or Google drive. Whatever works, just don't forget your password
Thanks for your info! It is always a good advice to set a different password for every account you are creating in the internet, especially for those who are connected to payment services!
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