Sunday, January 8, 2023

Cardano Daily Discussion - January 09, 2023

Hello everyone,

Welcome to the Cardano Daily Discussion!

The standard sub rules apply here (see sidebar), with the exception that price discussion is allowed in this thread, though we encourage you to try not to make this the focus and talk about the project itself. Please ask questions, help others and be civil - be sure to get involved in Project Catalyst too!

If you're new, please make sure you're read through the newbies guide and share it with others (use the ?newbies comment command to reference it).

⚠️ Scam Warning ⚠️

Please read the Cybersecurity guidelines for Cardano Users.

There are ongoing giveaway scams on youtube and many scammers lurking in Cardano's social channels impersonating ambassadors/moderators/official staff contacting users via direct messages.

For example, searching 'cardano' on youtube and sorting by most recent upload date shows several giveaway scams running (all videos in screenshot are scams):

Ongoing 'giveaway' scams on Youtube

The youtube scams are automated; use stolen footage usually of Charles Hoskinson and are restreamed so to appear to be 'live'; appear to have many watchers (which are bots); use bought hacked channels and are edited to appear like official channels.

Do not be fooled!

To be clear:

  • ⚠️ There is no such thing as a Cardano giveaway
  • ⚠️ Never share your seed phrase with ANYONE
  • ⚠️ Never send ADA to someone promising to send you more ADA back
  • ⚠️ You will never be contacted by ambassadors/moderators/staff

Please report scams on the Cardano Fraud Detection Bureau.

⚠️ Scam Warning ⚠️

https://preview.redd.it/60ofludzpq8a1.png?width=284&format=png&auto=webp&s=aed52fbdcc57c4593d065c9396e11623f949280d

Midnight Subreddit

In anticipation of Input Output's new data protection blockchain 'Midnight', I've managed to acquire r/Midnight through some negotiation and repurpose it for the Cardano Community (the sub was created for a card game back in 2011 but was mostly unused).

I decided to do this as I thought the project will eventually need a home on reddit and best to setup now before any scammers do. Obviously there's not much to post about on there right now as it's early days as the project is yet to be released, but if you'd like to be kept up to date on the project please feel free to join the new subreddit if the project interests you and I'll be sure to post updates as and when they become available.

Right now the sub is mostly a carbon copy of r/cardano, I've copied most of the automod and rules over, so certain aspects may seem a little incongruent atm, but I'll tailor and tweak the sub as we go. Feel free to send me or post any input if you want stuff to change.

Cheers all


Monday, 9th January 2022

The Daily Spin. Melange Monday Edition. Crypto sentiment for BTC and ETH turn bullish. 3-month annualized returns suggest “calm before the storm.” Ethereum network says validators will be able to withdraw staked ETH in March. Whales move over half the entire crypto market cap over the weekend. DOJ investigating DCG. Hackers are getting armed with ChatGPT. EVMOS spikes 58% over weekend amidst new upgrade and integration. SHIB rises 40% but gets dwarfed by Solana’s new dog on the block, BONK. SEC bars Binance.US’s bid for Voyager, meanwhile FTX desperately clawing back donations made to charities in the past year. Wyre cuts withdrawal limits. 65% of USDC is revealed as US T-Bills. Crypto markets are starting the year with a bang, most sectors showing green across the board.

Thailand introduces new COVID measures for inbound travelers. Brazil has it’s Jan 6th day with protestors storming the capital over the presidential election results. Mexico has a public war between the cartels and the federales, and then also announces its delay for CBDC launch to 2024 or later. A couple forward-looking thoughts from a couple billionaires, a review of TRON’s year and a SlateCast on ETH censorship and more… here is our round-up of curated news and opinions (surely biased) from the world of Blockchain, keeping you informed now after the holiday season with the most trending, in-the-know, and controversial topics. In the name of transparent, dissemination of information to keep you curious, inspired, and clinically sane…

Ongoings at Coinweb

Coinweb Labs is proud to unveil LinkMint ⛓️🍃, our groundbreaking Cross-Chain Tokenisation Platform
https://twitter.com/CoinwebOfficial/status/1610610603412041728?s=20&t=ujtXi4IDhi6jFT7zbOZ8DA

Coinweb to Deliver Cross-Chain Smart Contract Architecture and Blockchain Loyalty Programme to BMW
https://cryptoslate.com/bmw-to-bring-blockchain-loyalty-program-through-coinweb-and-bnb-chain/

Block Tides' exclusive interview with Coinweb at the London Digital Asset Week
https://www.youtube.com/watch?v=jmPk_74nNlw

Toby’s Presentation at CryptoExpo Thailand, Oct 8
https://www.youtube.com/watch?v=FfUdcHFMXHg

Toby quoted in “Decoding cryptocurrency market: Can cryptos finally bounce back in 2023 after 2022 devastation”
https://www.ibtimes.co.in/decoding-cryptocurrency-market-can-cryptos-finally-bounce-back-2023-after-2022-devastation-855336

Latest Video Release: Liquidity Pools Explained (Part I) (4mins)
https://youtu.be/Z5byW7OOMP8

KuCoin Labs launches incubation program to accelerate builders (Coinweb, DoraHacks, Ava Labs)
https://cointelegraph.com/press-releases/kucoin-labs-launches-incubation-program-to-accelerate-builders

“Coinweb’s Cross-chain Routing System and Eliminating Platform Risk” a Thread by Anton on Twitter
https://twitter.com/coinwebofficial/status/1602615630879985664?s=46&t=yj1lrGctwO-5NBlfjKPvUg

Toby Interviewed at the Benzinga Future of Crypto Conference, Dec 7 (New York)
https://www.benzinga.com/markets/cryptocurrency/22/12/30022360/coinweb-is-making-a-splash-as-a-leading-layer-two-platform

World Blockchain Summit, Dec 8-9 (Bangkok)
https://coinweb.io/events/its-a-wrap-for-2022-world-blockchain-summit/

Crypto AM Summit and Awards, Nov 23-24 (London)
https://twitter.com/tobycoinweb/status/1595909263263662081?s=46&t=V-EQfqnAOG7fXAWZ3sMk1Q

“Understanding the Great Crypto Tradeoff” by Toby Gilbert
https://dailyhodl.com/2022/11/16/understanding-the-great-crypto-tradeoff/

“The Time is Now for Blockchain” article on Times of Malta
https://timesofmalta.com/articles/view/time-now-blockchain-a2.994854

Toby’s full presentation at Token2049-London
https://youtu.be/pdtKx3vAs9c

On the Radar

World Crypto Conference, Jan 13-15 (Zurich)
https://worldcryptoconference.org/

Coinweb’s 1st Event in Collaboration with Offchain Sydney, Jan 18 (Sydney)
https://coinweb.io/events/the-1st-event-of-23-coinweb-x-offchain/
https://offchain.social/events/january-18-2023-sydney/

European Blockchain Convention, Feb 15-17 (Barcelona)
Interop Summit, Feb 27-28 (Denver)

Blockchain Life 2023, Feb 27-28 (Dubai)

On the Block(chain)

Crypto Whales Move Over $670,000,000 in Bitcoin, Ethereum, XRP, Polygon and Curve – Here’s Where It’s All Going
https://dailyhodl.com/2023/01/06/crypto-whales-move-over-670000000-in-bitcoin-ethereum-xrp-polygon-and-curve-heres-where-its-all-going/

Research: Sentiment among Bitcoin and Ethereum options traders flips bullish
https://cryptoslate.com/research-8th-january-sentiment-among-bitcoin-and-ethereum-options-traders-flips-bullish/

Bitcoin’s annualized 3-month futures basis show a calm before the storm
https://cryptoslate.com/bitcoins-annualized-3-month-futures-basis-show-calm-before-the-storm/

Silbert’s DCG is being investigated by DOJ, SEC over internal transactions
https://cryptoslate.com/silberts-dcg-is-being-investigated-by-doj-and-sec-over-internal-transactions/

Validators will be able to withdraw staked ETH from March
https://cryptoslate.com/validators-will-be-able-to-withdraw-staked-eth-from-march/

Chinese criminal steals $4.1M in crypto from victim’s car
https://cryptoslate.com/chinese-criminal-steals-4-1m-in-crypto-from-victims-car/

Armed With ChatGPT, Cybercriminals Build Malware And Plot Fake Girl Bots
https://www.forbes.com/sites/thomasbrewster/2023/01/06/chatgpt-cybercriminal-malware-female-chatbots/?utm_medium=browser_notifications&utm_source=pushly&utm_campaign=2591994&sh=4f8cfea05534

Competitive Landscape

Binance Listings Cause Crypto Assets To Spike an Average of 41%: New Research
https://dailyhodl.com/2023/01/07/binance-listings-cause-crypto-assets-to-spike-an-average-of-41-new-research/

Cosmos-Based Altcoin Skyrockets by More Than 58% in One Week Amid New Upgrade and Oracle Integration
https://dailyhodl.com/2023/01/07/cosmos-based-altcoin-skyrockets-by-more-than-58-in-one-week-amid-new-upgrade-and-oracle-integration/

Crypto payments firm Wyre cuts withdrawal limits to 90% of funds
https://cryptoslate.com/crypto-payments-firm-wyre-cuts-withdrawal-limits-to-90-of-funds/

Nearly 65% of USDC reserves are held as US Treasury Bills
https://cryptoslate.com/nearly-75-of-usdc-reserves-are-held-as-us-treasury-bills/

FTX attempting to recover millions donated to charities
https://cryptoslate.com/ftx-attempting-to-recover-millions-donated-to-charities/

Shiba Inu (SHIB) Ecosystem Altcoin Rises Over 40% in One Week Amid Selection As the Network’s Sole Utility Token
https://dailyhodl.com/2023/01/06/shiba-inu-shib-ecosystem-altcoin-rises-over-40-in-one-week-amid-selection-as-the-networks-sole-utility-token/

Solana-Based Meme Coin Massively Outperforms Shiba Inu and Dogecoin in a Week Amid 5,000,000,000,000 Token Burn
https://dailyhodl.com/2023/01/08/solana-based-meme-coin-massively-outperforms-shiba-inu-and-dogecoin-in-a-week-amid-5000000000000-token-burn/

SEC Objects to the $1,000,000,000 Binance.US Bid To Acquire the Assets of Bankrupt Crypto Platform Voyager
https://dailyhodl.com/2023/01/06/sec-objects-to-the-1000000000-binance-us-bid-to-acquire-the-assets-of-bankrupt-crypto-platform-voyager/

World

Thailand Brings Back Covid Entry Rules as China’s Borders Reopen https://www.bloomberg.com/news/articles/2023-01-07/thailand-brings-back-covid-entry-rules-as-china-s-borders-reopen

Romania Carries Out Raids as Part of Crypto Tax Evasion Probe
https://news.bitcoin.com/romania-carries-out-raids-as-part-of-crypto-tax-evasion-probe/

Singapore Arbitrator Rules Against Mining Software Firm Poolin’s IOU Model, But the Firm Hasn't Paid Yet
https://finance.yahoo.com/news/singapore-arbitrator-rules-against-mining-153906881.html

Bolsonaro Supporters Storm Brazilian Congress
https://cnn.it/3GOxixz

Mexico CBDC likely delayed beyond 2024
https://cryptoslate.com/mexicos-cbdc-has-likely-been-delayed-past-2024/

US prosecutors subpoenaed hedge funds for records of Binance dealings
https://cryptoslate.com/us-prosecutors-subpoenaed-hedge-funds-for-records-of-binance-dealings/

Thought Leadership

Billionaire Mark Cuban Warns of Next Crypto Implosion Coming From Wash Trades
https://news.bitcoin.com/billionaire-mark-cuban-warns-of-next-crypto-implosion-coming-from-wash-trades/

Billionaire Chamath Palihapitiya Predicts Biggest Loser in 2023 Amid Rise of Artificial Intelligence
https://dailyhodl.com/2023/01/08/billionaire-chamath-palihapitiya-predicts-biggest-loser-in-2023-amid-rise-of-artificial-intelligence/

How the GBTC premium trade ruined Barry Silbert, his DCG empire and took crypto lending platforms with them
https://cryptoslate.com/market-reports/how-the-gbtc-premium-trade-ruined-barry-silbert-his-dcg-empire-and-took-crypto-lending-platforms-with-them/

The Layer 2 Token Endgame
https://newsletter.banklesshq.com/p/the-layer-2-token-endgame?utm_source=profile&utm_medium=reader2

Twenty-Two Highlights from TRON’s Historic 2022
https://cryptoslate.com/press-releases/twenty-two-highlights-from-trons-historic-2022/

SlateCast #43: Exploring the Issue of Censorship on the Ethereum Network (60 mins)
https://cryptoslate.com/videos/exploring-the-issue-of-censorship-on-the-ethereum-network-a-conversation-with-laybrys-slatecast-43/

https://preview.redd.it/fctxt9jzzxaa1.png?width=827&format=png&auto=webp&s=86835265de51749254f01007149bd1f7d93f4101


Step-by-Step Guide For Successful Smart Contract Development

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Crypto, blockchain, and NFTs were indeed buzzing more than COVID, the worst pandemic. Smart contract development is another rising sub-element among these technologies that has gained massive exposure in the tech market thanks to its automated task execution over blockchain technology. 

While many criticize these decentralized solutions to be a hoax, a few are digging deep and broadening their perspective to make use of these technologies for the greater good. 

A smart contract eliminates the dependency on a third party and takes a stance to automate task execution when the terms and conditions of the agreement are met.

Indeed, it’s a revolutionizing technology featuring techniques to reduce costs and save time on legal activities. With such benefits, businesses have shifted their interest to integrating smart contracts into their digital solutions.

If you are among those, then this article shares a step-by-step guide from its very basics to core elements to give you a better understanding of smart contracts: why use them, what are their key elements and the criteria to choose the right company for successful smart contract development.

Traditional contracts

Before we get into advanced smart contracts, let’s take a look at traditional contracts.

Traditional contracts have been in use for hundreds of years, whether to exchange goods or claim something legally.

These were nothing more than a piece of paper with an agreement written on it.

Consider a real estate agreement between two parties, which are simply a seller and a buyer who agrees to trade the property for a fixed amount specified in the agreement.

The catch here is, a third party should assist both parties (in this case, a real estate agent) to bring simplicity and convenience to their trade.

Once the trade is finalized with a fixed amount, both parties gain something at the end.

However, a third party is compensated for his work, whether it did a good or horrible job.

These types of contracts exist in every other industry, from the corporate world to entertainment and media.

Downsides of Traditional Contracts

Even though traditional contracts were reliable, they had issues that affected the execution process and caused the contract to be either delayed or canceled. Such as

The Third Party’s Involvement

The presence of a third party is detrimental to the contract because the third party frequently overcharges and mismanages the contract, which causes it to fall apart or be terminated.

The fact that third parties have control over the essential terms of an agreement is another issue. This means that if an agreement isn’t handled properly, a central party may take control of it and cause a deadlock.

This could result in theft, fraud, asset loss, money laundering, etc.

Paperwork and Legal Hassle

Among the downsides, paperwork and legal hassles make the list as well. Even in the digital age, paperwork is still used to create contracts and streamline workflow. This is unacceptable in this day and age, as they are easily lost by any human error.

Another downside that stands out is the legal hassles; we all know how complex legal matters are. Making the contract and getting it signed by two parties takes an awful lot of time.

This may lead to a loss of interest and lead potential clients to look for other options.

Smart Contract: The Solution 

With the emergence of bitcoin, blockchains were introduced to the world. 

Despite their appearance, none of the businesses or IT firms regarded them as a revolutionary and promising technology.

However, between 2013 and 2015, the blockchain gained massive interest, and a large part of the credit for this success goes to Ethereum, a new cryptocurrency and blockchain that debuted with the aim of completely altering the digital landscape. 

In particular, 2014 was the turning point for the blockchain because many companies began to see it as a solution to their sectors due to its decentralized pseudo-anonymity, which increases security and automates task execution.

That same year, smart contracts became operational on the digitally distributed ledger and received appreciation from all industry verticals.

If we remove the third parties from the traditional contract and make it digital using programmed conditions and add it to the blockchain, then it will become a smart contract.

Smart contracts are nothing but codes containing the terms and conditions of an agreement (mostly in if/else conditions) that automatically execute particular tasks if the desired condition in the codes is met.

However, the data sharing or transactions will be revoked, and the transfer of any asset will fail if the conditions are not met.

This algorithm ensures that there are no losses for either party, whether the transfer of assets fails or succeeds.

On top of this, they are transparent to the public, so everyone can understand how they work and how their transactions happen successfully.

The main advantage of smart contracts is that they do not require a third party to perform their tasks.

However, they are not always easy to understand; they can be complex depending on the industry they serve. 

Why Should Businesses Use Smart Contracts

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Blockchain technology has become a new sensation in the tech market. This gives plenty of opportunities for smart contract development services to put more effort into making it an agile tool for everyday corporate use. Moreover, the smart contract market size, which was around 149 million USD in 2021, is expected to reach 820 million USD with a CAGR of 26.40% by the end of 2030. 

📷

Image Credit: Verified Market Research

This is convincing enough for people to keep developing smart contracts and reap maximum profit by serving multinational clients.

Use Cases Among Different Industry Verticals

Smart contracts can play a key role in data sharing, transactions of digital assets, and many other things, which is beneficial for a multitude of sectors, including healthcare, finance, manufacturing, real estate, and other industries.

For instance, the smart contract can be used in the NFT marketplace to automate the transfer of digital assets once the buyer pays the required amount of cryptos to the seller.

Multitasking Capabilities

Apart from just ensuring whether the conditions of a particular agreement are met, smart contracts perform various other tasks as well. Such as confirmation of ownership and digital copyright, developing blockchain-based solutions (games), securing P2P transactions, etc.

Control

Every business is aware of how a third party/central body misuses the terms of a contract, leaving the businesses to fight for their rights legally. This is time-consuming as well as expensive when fighting legally in court.

On the other hand, smart contracts rely on no third party/central body to carry out task execution. This promises businesses to get more control over the contract with no to zero chances of fraud, money laundering, and theft.

The Benefits

Since smart contracts bring hefty benefits to the table with their decentralized characteristics enterprises seek to implement this technology throughout their solutions. Following are some of the benefits to consider for using a smart contract.

Robust Security

Smart contracts operate on the blockchain, a decentralized distributed ledger secured with cryptographic hashes and layers of encryptions. With such a secure network it’s almost impossible to breach the security of blockchain and smart contracts.

Transparency 

The record history of any smart contract is made publicly available, which brings transparency at every level of exchanging assets over the blockchain. This again means that anyone can see if any alterations to the smart contracts are done.

Affordability

Affordability is among the benefits of smart contracts since it does not require any intermediate authority to streamline the flow or to ensure successful data transfer. Smart contracts save the money spent on banks, notaries, and lawyers.

Speed

The traditional contracts rely on paperwork which is an outdated method that takes an awful lot of time to get the contract signed and fulfilled by two parties. On the other hand, smart contracts automatically work for both parties and make the transfer of data or digital assets within a few minutes by verifying the terms of the contract.

Read Also: Top 25 Smart Contract Companies To Look For in 2023

Key Points To Consider For Smart Contract Development

It’s necessary to follow up on some prerequisites of any technology just to make sure they get well-versed with your business solutions. And it applies to smart contract development as well. So let’s see what are the key points you should consider before developing a smart contract.

Regulation Still in The Early Stages

Blockchain is comparatively new, as is the concept of smart contracts. Though its utilization among industries has skyrocketed, it’s still in its infant stages. Hence it’s not always predictable what uncertainties may change the course of events with no legal regulation over these technologies. For this reason, many hesitate to use a smart contract for their business. And if you think this parameter is something that matters to you then you may want to wait till it becomes widely used.

The Compatibility

Smart contracts function on the blockchain, and they require crypto at points to make a transaction. The question here is do crypto and the blockchain work for you? If your business relies on blockchain-based solutions and its element then smart contracts are just meant for you.

However, if crypto, blockchain, and its other elements just don’t align with your industry yet or you are not sure whether they do, you have to dive a bit deeper and take the help of smart contract development services to find out how they can benefit your industry and the requirements for implementing the solution.

The Limitations of Smart Contracts

You read it right, smart contracts have limitations too. And if you have met the above criteria and want to implement smart contracts in your solutions, just hold on a bit because these limitations may force you to think twice.

  1. Smart contracts work on top of blockchains, and since these are decentralized they can only function in the digital landscape. So it cannot be referenced with any legal activities outside of the digital landscape.
  2. Smart contracts can only work on facts. They are not made to act on subjective judgment but rather focus on objective facts.
  3. The smart contracts are built on specific terms and conditions and it is mostly written in if-else conditions which gives not much flexibility to perform any variations.

Blockchain

Smart contracts require a blockchain to operate, which is why, according to your business alignment, you have to go with a blockchain. Most companies rely on Ethereum since it offers multiple consensus mechanisms for enhanced and rapid trading.

However, there are much better options available, such as Polygon, which requires no gas fee (transaction costs) for trading digital assets.

Robust Plan

Now that you have some understanding of smart contracts, you have to make a plan and consider the terms and conditions to include in your smart contract to obtain the specific automated output.

For instance, you can include user authorization, transaction verifications, and other terms and conditions in your smart contract to securely transfer digital funds.

You can analyze the market and even find out if your competitors have already begun using a smart contract solution to enhance their business solutions.

Smart Contract Development Company 

Great now you have a plan, you just need someone who can take your preferred blockchain solution and develop a smart contract.

Here, joining hands with a smart contract development company can bring a lot to the table. 

The smart contract development company can suggest multiple things, including a suitable blockchain network, the best digital wallets, and some other terms and conditions for your smart contract to execute tasks with more efficiency.

Besides smart contract development, the company has years of experience developing decentralized solutions, including blockchain, NFT platforms, crypto exchange platforms, and decentralized games, so you don’t have to worry about anything from the development phases to deployment.

QA and testing

Though smart contracts operate on the safer side of a digitally decentralized platform, sometimes, due to a lack of skilled development, developers end up building faulty smart contracts that are vulnerable to cyber crimes.

For this reason, it’s highly advised that the client company take the testing phase of smart contracts seriously. Also, to make sure the smart contract development company performs pre-deployment and post-deployment QA tests to verify the solution is secure from all ends.

The Hardest Part: Choosing A Development Partner

You will soon notice the hardest part is not the smart contract development, but rather finding the right company. And it’s a true fact since only a few claim to have the right expertise in developing smart contracts.

However, there is only one way to find out, by assessing each company.

Though it may seem like a time-consuming activity, it’s worthwhile.

Criteria For Evaluation

It’s possible to shortlist your companies using a few criteria and get matched with an ideal company for the sake of your smart contract development.

Domain Expertise and Experience

Among the things a client should always put more weight on is the company’s domain expertise and years of experience in building smart contracts and other decentralized solutions.

You can visit each company’s portfolio section and look at what projects they have done and if they align with your smart contract development type. Furthermore, you can take a look at their reviews, and customer feedback to understand if they offer satisfactory services.

Another aspect to consider is a company’s experience in providing a wide range of solutions. A greater number of years of experience promises quality production, and these more experienced companies are more capable of managing projects effectively. So it’s always best to stick with the most experienced firm.

Knowledge of Tech Stack

Knowledge of the tech stack is indeed important since it is the sole object that will be used to develop your smart contract. The following is the technology stack to consider for building a smart contract solution.

Blockchain and Smart Contract Technology StackProgramming LanguagesSolidity, Vyper, Rust, Python, and C++Blockchain NetworksEthereum, Binance, Polygon, Solana, Cardano, etc.Smart Contract LibrariesOpenzeppline, Hardhat, Infura, Alchemy, Geth, Quicknode, etc.DatabaseMongoDB, CouchDB, The GraphDigital WalletsMetamask, Truewallet, Coinbase, WalletconnectFrameworksEther JS, Web3 JS, Node JS, React JSAdditional Technical ExpertiseCryptography, Web Development Scripts

Maintenance and Support

It’s natural to run into challenges and even deadlocks during and after the deployment of your smart contract development. As a result, having 24*7 maintenance and support is critical for receiving real-time updates on the maintenance of your solution. This is why it’s recommended to choose smart contract development services that offer hands-on maintenance and support.

Conclusion 

There you have a step-by-step guide for successful smart contract development.

Smart contracts are the need of the digital era, especially with new emerging tech-metaverse AR/VR and the marketplace storming the tech industry. These technologies will be operating on a massive scale and will require hundreds of thousands of smart contracts to automate task execution for transactions and the transfer of digital assets.

If you are eager to build your own smart contracts, then it’s probably a good choice to join hands with a smart contract development company.


Vultr Reviews & Ratings 2023

Vultr Reviews & Ratings 2023

If you're looking for a flexible and adaptive cloud hosting company, Vultr is really nice. Although some consumers have expressed dissatisfaction with the customer service, I was impressed. I give them a really good B because they're ideal for e-commerce businesses.

Try Vultr NOW

Vultr is a specialist cloud hosting provider that prides itself on its high-performance edge services and easy scalability for a few reasons:

  1. High-performance edge services: Vultr has a global network of data centers that are optimized for high performance. This means that they use fast hardware and have a low-latency network to ensure that their services run quickly and efficiently.
  2. Easy scalability: Vultr's cloud hosting platform is designed to be highly scalable, which means that it is easy to increase or decrease the resources that you are using as needed. This is important for businesses that experience fluctuating levels of traffic, as it allows them to easily adjust their resources to meet the demand.

Overall, Vultr's focus on high-performance edge services and easy scalability makes it an attractive choice for businesses that need reliable, fast, and scalable hosting solutions.

Powerful Cloud Solutions

Vultr is a cloud computing platform that offers a wide range of powerful cloud solutions including virtual private servers, bare metal servers, and dedicated cloud instances. It provides a user-friendly control panel and API for easy management of your cloud resources, and allows you to easily scale your infrastructure as your needs change. Vultr also offers a global footprint with data centers located around the world, so you can choose the location that best suits your needs. Additionally, Vultr provides a 100% uptime guarantee, 24/7 support, and a wide range of pricing options to fit your budget.

One-Click Installers

One of the features they offer is a range of one-click installers for popular web applications and tools, which allow users to easily set up and deploy these applications on their Vultr servers with just a few clicks. This can be a convenient option for users who want to quickly get their web application up and running without having to manually install and configure the necessary software. Some of the one-click installers that Vultr offers include options for applications such as WordPress, Joomla, and Drupal, as well as tools like cPanel and Plesk.

Wide Variety of Operating Systems

Vultr offers a wide variety of operating systems to choose from when deploying virtual machines. You can select from a variety of Linux distributions, including CentOS, Ubuntu, Debian, and Fedora. Vultr also offers several versions of Windows Server, including 2019, 2016, and 2012 R2. In addition to these mainstream operating systems, Vultr also offers a selection of less common options such as FreeBSD, OpenBSD, NetBSD, and Haiku. Vultr also offers a number of pre-configured disk images for applications such as OwnCloud, pfSense, FreeNAS, and OpenFiler. You can choose the operating system that best meets your needs when deploying a new virtual machine on Vultr.

Powerful Control Panel

Vultr offers a powerful control panel that allows you to easily manage your cloud computing resources. With the Vultr control panel, you can:

  • Deploy new virtual machines (VMs) with a few clicks
  • Choose from a wide variety of operating systems and configurations
  • Scale your VMs up or down as needed
  • Manage your virtual networking, including creating and attaching additional IP addresses
  • Set up and manage firewalls
  • View usage and billing information
  • Monitor the status and performance of your VMs
  • Take snapshots and create backups of your VMs
  • Get real-time notifications about your VMs and account

The Vultr control panel is designed to be easy to use, yet powerful enough to meet the needs of businesses and organizations of all sizes.

16 Server Locations around the world

Vultr has 16 server locations around the world, including locations in the United States, Europe, and Asia. Some of the specific locations include:

  • Amsterdam, Netherlands
  • Frankfurt, Germany
  • London, United Kingdom
  • Paris, France
  • Singapore
  • Sydney, Australia
  • Toronto, Canada
  • Tokyo, Japan
  • Mumbai, India
  • Atlanta, Georgia, USA
  • Chicago, Illinois, USA
  • Dallas, Texas, USA
  • Los Angeles, California, USA
  • Miami, Florida, USA
  • New Jersey, USA
  • Seattle, Washington, USA

Each location has multiple data centers, and Vultr allows users to select the location and data center that best meets their needs when setting up a new server.

Creating an Account

Creating an account is easy and you can choose to pay by credit card, Bitcoin, PayPal, Alipay or WeChat Pay. I gave it a go and it took me less than five minutes in total, and I’m confident that even though it’s more suited to developers, even novice website owners could create an account with ease

Connecting a Domain and Installing WordPress

To connect a domain to your Vultr server and install WordPress, you will need to follow these steps:

  1. Purchase a domain name from a domain registrar such as GoDaddy or Namecheap.
  2. Connect your domain to your Vultr server. You can do this by going to the "DNS" tab in the Vultr control panel and adding an "A" record that points your domain to your server's IP address.
  3. Install WordPress on your Vultr server. You can do this by logging into your server via SSH and following the WordPress installation instructions. You will need to have a LAMP (Linux, Apache, MySQL, PHP) stack installed on your server in order to run WordPress.

Alternatively, you can also use Vultr's "One-Click Apps" feature to install WordPress on your server with just a few clicks.

Once WordPress is installed, you can access your site by visiting your domain in a web browser. You will be able to log in to the WordPress dashboard using the username and password you set during the installation process.

Easy-to-Use Interface

While with some companies, it can be hard to get started with a VPS plan (you usually need to configure the server yourself), it also gives you greater control over the specifics and allows you to customize your setup.

The good news is that with Vultr, the interface is cleaner and more user-friendly than those of many competitors.

Simplified Bare Metal Servers

Vultr offers "Simplified Bare Metal" servers, which are physical servers that are leased to customers on a monthly basis. These servers are designed to provide the performance and reliability of traditional dedicated servers, but with the added convenience of being provisioned and managed through the Vultr platform.

Simplified Bare Metal servers are available in a range of configurations, with options for different processors, memory sizes, and storage options. Customers can also choose from a variety of operating systems and can easily upgrade or downgrade their server resources as needed. Vultr's Simplified Bare Metal servers are intended to be easy to use and offer the same level of performance and reliability as traditional dedicated servers, but with the added convenience of being able to be easily deployed and managed through the Vultr platform.

Simple DDoS protection

Vultr offers a "Simple DDoS protection" service to help protect its customers' websites and applications from distributed denial of service (DDoS) attacks. DDoS attacks are a type of cyber attack that involves overwhelming a server or network with traffic in an attempt to disrupt or disable online services.

Vultr's Simple DDoS protection service is designed to help mitigate the effects of DDoS attacks by detecting and filtering out malicious traffic before it reaches a customer's server or network. The service is automatically enabled for all Vultr customers and requires no additional configuration. In the event of a DDoS attack, Vultr's network operations team will work to identify the source of the attack and take appropriate measures to protect its customers' systems.

In addition to Simple DDoS protection, Vultr also offers advanced DDoS protection services for customers who require more robust protection against DDoS attacks. These services provide more granular control over how DDoS attacks are detected and mitigated, and can be customized to meet the specific needs of each customer.

Occasional Outages

It is normal for all technology to experience occasional outages or disruptions, and Vultr is no exception. However, Vultr has a number of measures in place to ensure the availability and reliability of its platform. For example, Vultr's infrastructure is designed to be fault-tolerant and highly redundant, with multiple layers of protection against hardware and network failures. In the event of an outage, Vultr's team works to resolve the issue as quickly as possible and communicate with customers about the status of the issue.

That being said, it is important for any business or organization to have a plan in place to handle potential outages or disruptions, whether they are related to the hosting provider or other factors. This may include having backup systems or processes in place, or using a hosting provider with a strong track record of uptime and reliability.

Simple, Straightforward Pricing Options

Vultr is known for offering a wide range of cloud computing services, including virtual private servers (VPS), dedicated cloud servers, and storage solutions. One of the key features of Vultr is its straightforward pricing model, which allows users to easily understand how much they will be charged for their services.

Vultr's pricing is based on a pay-as-you-go model, which means that users only pay for the resources that they consume. This can be a convenient option for businesses and individuals who want the flexibility to scale their resources up or down as needed, without being locked into long-term contracts.

In addition to its pay-as-you-go pricing model, Vultr also offers a range of pricing plans to meet the needs of different users. For example, users can choose from a variety of VPS plans that offer different levels of CPU, memory, and storage resources. This allows users to select the plan that best fits their needs and budget.

Cancellations & Refunds

Vultr has a policy in place for cancellations and refunds that applies to its various services. Here are some key points to consider:

  • Vultr does not offer refunds for one-time charges, such as setup fees, licenses, and additional storage.
  • For ongoing services, such as VPS plans, users can request a refund for the unused portion of their service if they cancel within the first 30 days. This refund will be prorated based on the remaining time left in the billing cycle.
  • If a user cancels their service after the first 30 days, they will not be eligible for a refund. However, they can continue to use the service until the end of their current billing cycle.
  • Vultr may also cancel a user's service if it determines that the service is being used in violation of its terms of service. In this case, the user will not be eligible for a refund.

It's always a good idea to carefully review a company's cancellation and refund policy before signing up for its services, to ensure that you understand the terms and conditions under which you will be able to cancel or request a refund. If you have any questions about Vultr's cancellation and refund policy, you should contact their customer support team for more information.

Conclusion

Vultr is a well-respected and reliable cloud computing provider that offers a range of services, including virtual private servers (VPS), dedicated cloud servers, and storage solutions. Its pay-as-you-go pricing model and wide range of pricing plans make it a convenient and flexible option for businesses and individuals who need scalable resources.

One potential drawback of Vultr is that its support has been reported as being average by some users. However, it's worth noting that the quality of support can vary depending on the specific issues a user is experiencing, and the overall level of satisfaction with a company's support can also be influenced by individual expectations and experiences.

Overall, Vultr is a solid choice for those in need of cloud computing services, and it may be worth considering for your business or personal needs. It's always a good idea to do your own research and carefully evaluate a provider's offerings and reputation before making a decision.

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🔶 What investment strategy should crypto investors follow in 2023?

🔹 The outgoing year showed how unpredictable events and their consequences can be. The collapse of Terra (Luna), the fall of the second largest cryptocurrency exchange FTX, the bottom of bitcoin, the endless crypto winter and bear market trends.

🔶 After the year that was tumultuous in every respect, what strategy should crypto investors follow in 2023?

🚀 Smart investment A smart investment strategy will help reduce risks and avoid the loss of digital assets. In a bear market, it's a good idea to always have cash in stock. Drawing on the experience, the most unpredictable events can occur in the crypto market. And such events can be an excellent opportunity to purchase crypto assets at a low price.

🚀 Analysis Analysis is one of the most important preparatory steps in investing. Invest only in those projects that have experienced at least one crypto winter and a bear cycle. In addition, it is very important to familiarize yourself with all the technical documents, evaluate the project roadmap, that is, its long-term strategy and community.

🚀 Diversification We all know that investing is first and foremost about preserving capital. In this case, a certain percentage of your assets can be invested in blue chip cryptocurrencies such as bitcoin and ether.

🔹 There is no secret sauce to become a millionaire in the cryptocurrency market. But still, there is one important rule: always buy cryptocurrency at a low level, and sell at a high level, and the coming year of 2023 can be an excellent opportunity to start, since prices in the market are low.


Cavern of Fun| PC | Chernarus | CA

Cavern of Fun|Traders|HELI|Collectibles|Events|1KStart|Bunkers|Bitcoin|AI+Mutants|AMS

Hey there, folk. I've been hard at work bettering the server and getting things to a good spot in where everything's flowing well. So far, I've added a few new things like a bitcoin mod that requires finding or buying the required materials for a mining rig to mine the bitcoins, I've been working on territories in preparation for a slow integration of certain quests and such and we've done a few events where the world advances its story and plot. I've also been hard at work with the map editor to add new zones and bunkers throughout the map. These civil bunkers are only accessible with the punched card, which is only obtainable through the contaminated zones to make them viable and worth having.

There is still a lot more in store like the ai being updated with loads of different modded equipment and having preset areas for their territories, trader prices being updated and tinkered with to create a true balance in survival and gameplay, and as well as the events being rolled out with the story. I don't want the trader to necessarily be the saving that saving grace of the safe zone but more of a rewarding aftermath of your adventures and hub where survivors can get together. In-game temperatures resemble that of the southern Canadian atmosphere, meaning temperatures could drop to a maximum of -35 degrees Celsius or even slightly lower. We currently have winter chernarus enabled and will hold a vote for when everyone wants to see spring return.

I'm very active throughout the day and most nights on weekends and majority nights on most weekdays. If you have any interest in becoming an admin for either the server, discord, or even both, please feel free to dm me once you're in the server as we're in need of a few.

So, if any of this seems to interest you, please hop in the discord and join the server! We'd love to see you drop by and check us out. https://discord.gg/ARswphm9Wz