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There is no doubt that the blockchain and digital currency are in the midst of winter.
The BTC price is only one-third of the peak price and price of thousands of cryptocurrencies dives. The project shuts down and the media flees. Then people use the coldest strokes to paint the industry picture, as if they wish that the winter become colder and colder. They are same people that were so crazy that couldn’t wait to burn the word “blockchain” when blockchain is hot.
The blockchain and digital currency have experienced this arduous day, writing the book of the era in the song of ice and fire. Over these years, the blockchain industry had experienced much madness, for example, provided an annual salary of one million but can't attract employees; done successful financing of 700 million Yuan within a month, and crowdfunded 150 million in 20 minutes. Of course, there are also farce dramas to defend the rights, the panic of zeroing the air currency, and the lamentation of supervision tightening.
This is the young industry and it just like that a rebellious teenager chanllenged the old order, but he just made his enthusiasm and exaggeration passed because of immaturity, after getting the fame, he has entered a trough. Not only the price of digital currency is far from the peak, but the number of blockchain projects is also declining. The blockchain is really a bubble that is about to burst? Different people have different answers.
Qing Zhu believes that the traces of passing passengers will soon be swallowed up. Only by sticking to it can you engrave your own inscriptions.
https://i.redd.it/003k015hx3v11.jpg
Ebb and Flow
For the post-90s entrepreneurs like Qing Zhu, the Internet bubble in 2000 may not be impressed at the time, but it will undoubtedly affect her in the later growth process. It was an era of witnessing rapid speed and rapid collapse. Nasdaq broke through 5000 points in 2000 and did not break through until 15 years later. In the past 15 years, the Baiyun Cang dog, the current events have changed, but profoundly told us a truth, too many illusions, good things and more, you insist.
In the two years of 2000:
Amazon's share price has fallen from three digits to single digits, and its share price has fallen by 90% in one year.
Cisco's share price fell from $80 to $13, a drop of 84%.
Soon after Google was founded, it wanted to sell itself to the search engine predecessor Excite for $750,000.
The anger and the turmoil waved the Internet bubble. However, after the storm, the gravel and gravel disappeared, and the reef was still standing. Nowadays, the companies that have collapsed above have become giants. Between the ebb and flow, no one has ever questioned the role of the Internet in the world.
For a latecomer like Qing Zhu, watching this history is like watching the sea. For entrepreneurs, they can only really be in the storm to succeed. In such an environment, it is not easy to be firm and unmoving.
Code of Lucky Draw: NDYIVHF2
Night Watchman in the Cold Winter
When she graduated from the University of Electronic Science and Technology, Qing Zhu got the offer from Tencent. Although this is a good development opportunity, it is not what Qing Zhu wanted to do. She joined the big data industry for three years, and three years later, she came to the blockchain industry to start a business.
For entrepreneurs, despite the fact that China's economy has maintained a steady growth, national policies and other factors have determined that this is an era of entrepreneurs, the fierce competition environment and the sluggish capital have determined that this is a fierce battlefield. On the battlefield of the blockchain, this kind of tragic and more rapid, the group image of the participants is also depicted more clearly.
As for the history of blockchain development, although the time and volume is still far less than the Internet industry, some aspects are very similar. Bitcoin has skyrocketed several times, and many people lament that if they bought Bitcoin, they would be able to make a fortune now. But in fact, investors who relied on Bitcoin to achieve wealth were all over the cold night, the pressure of plunging and endless In the questioning, I persisted one day. Seeing its benefits but not seeing its hardship, this is the common weakness of mankind.
It is same as the entire blockchain industry. Public opinion sometimes treats it as a god, and sometimes turns it into a demon. However, the so-called squandering is becoming more and more glamorous, and in order to be completed, the blockchain must be seen as a technical essence. Seeing the essence, discovering the value, and starting from it, can calm down in the heat and burn in the cold winter.
Looking back at the history of the Internet bubble in 2000, how do you stick to yourself in the blockchain industry today?
When the concept of blockchain is hot and funds are pouring in, how many projects are only trying to borrow this wave of wind and use the name of the blockchain to finance the shell; when the winter is coming, how many projects are there when it is difficult? Because of the lack of strength in the business logic, the financial and technical team, or the difficulty of landing, the company has suddenly left. Or have a ghost, or hate, but will eventually leave. Only with equal motivation and strength can we survive this winter.
Every Cloud Has a Slier Lining
With this belief, Qing Zhu and her partners founded the Vena Network. Instead of blindly chasing the heat when the blockchain is hot, they spent a lot of time building professional teams, validating business logic, and building resource bases. In this way, in the winter, this project can survive in the cold.
After the project was opened, Vena Network received investment from 13 institutions including Digifinex and KuCoin at a short time. The investor's recognition of Vena Network further demonstrates that Qing's team's efforts in basic skills are of great value.
As the 2018 gradually entered the winter, the long-term bear market in the blockchain industry continued. However, Qing Zhu and Vena Network, which insisted on the value brought by blockchain technology, did not retreat. Combined with his previous background, Qing Zhu is preparing to transform Vena Network into a decentralized digital asset financing network. In this global network, anyone can conduct peer-to-peer digital asset mortgage lending and OTC transactions anytime, anywhere. Let digital currency and legal currency flow freely.
Finance is the best landing scenario for blockchains. Let the borrowing behavior get rid of the intermediary, let the participants freely manage their assets, and let the transaction flow and be transparent. This is the vision of Qing Zhu and Vena Network.
On November 5th, Vena Network will launch ICO simultaneously on the three platforms: LeekICO, TOKENPLUS and KICKICO. This is an important step for Vena Network. It is also an invitation from Vena Network to the colleagues who are still insisting. This cold road of thorns also needs everyone who believe in the value of the blockchain and walk together.
This is the worst era for the winter is cold; this is the best era because the dawn is ahead. When the bitter cold filters out hypocrisy and cowardice, only the strong one who insists on the heart can bathe in the sun. Qing Zhu and Vena Network will be with you and every cloud has a slier lining
There are multiple Monero wallets for a wide range of devices at your disposal. Check the table below for details and download links. All wallets listed below are open source. Attention: for extra security make sure to calculate and compare the checksum of your downloaded files.
| Wallet | Device | Description | Download link |
|---|---|---|---|
| "Official" GUI / CLI | Windows, Mac OS X, Linux | The default implementation that is maintained by the core team. Use this one to run a full node and obtain maximum privacy.Has Ledger (hardware wallet) integration. Current version: 0.13.0.3 / 0.13.0.2. | GetMonero.org |
| MyMonero | Windows, Mac OS X, Linux | MyMonero is a lightweight wallet, which means you don't need to download the blockchain and run a node. MyMonero was developed with the assistance of the core team. They also have web-based and iOS versions. | GitHub |
| Wallet | Device | Description | Download link |
|---|---|---|---|
| Monerujo | Android | Popular Android lightweight wallet that has very cool features, like integration with xmr.to which lets you send payments in BTC using your XMR. It also has Ledger (hardware wallet) integration. Website: https://www.monerujo.io/. | Google Play / F-Droid / GitHub |
| MyMonero | iOS | iOS version of the MyMonero wallet. All versions have interoperability. | App Store |
| Cake Wallet | iOS | Popular iOS lightweight wallet that has integration with MorphToken, which means you can instantly exchange your XMR to other coins and tokens. Website: https://cakewallet.io/ | App Store |
| X Wallet | iOS | Another iOS lightweight wallet. Website: https://xwallet.tech/ | App Store |
| Edge Wallet | Android / iOS | This is a multi-assets wallet, meaning you can store Monero, Bitcoin, Ethereum and other tokens in one single app. https://edge.app/ ⚠️ Relatively new - use with caution! ⚠️ | Google Play / App Store |
| Wallet | Description | Link |
|---|---|---|
| MyMonero | Web version of the MyMonero wallet. All versions have interoperability. | Web |
| XMRWallet | Web wallet with TOR support. ⚠️ Relatively new - use with caution! ⚠️ | Web / Onion URL |
Your balance is unlocked after 10 confirmations (which means 10 mined blocks). A block is mined approximately every two minutes on the Monero network, so that would be around 20 minutes.
The fastest and most direct way is by using the ExploreMonero blockchain explorer. You will need to recover the transaction key from your wallet (complete guide for GUI / CLI).
There are dozens of exchanges that trade Monero against Bitcoin and other cryptocurrencies. Check out the list on CoinMarketCap and choose the option that suits you best.
The correct place to ask questions and discuss the Monero mining scene is in the dedicated subreddit r/MoneroMining. That being said, you can find a list of pools and available mining software in the GetMonero.org website.
Before any action there are two things to check:
Settings, under Debug info).Because Monero is different from Bitcoin, wallet synchronization is not instant. The software needs to synchronize the blockchain and use your private keys to identify your transactions. Check in the lower left corner (GUI) if the wallet is synchronized.
You can't send transactions and your balance might be wrong or unavailable if the wallet is not synced with the network. So please wait.
If this is not a sufficient answer for your case and you're looking for more information, please see this answer on StackExchange.
This question is beautifully answered on StackExchange.
You have decided to use Monero's wallet and run a local node. Congratulations! You have chosen the safest and most secure option for your privacy, but unfortunately this has an initial cost. The first reason for the slowness is that you will need to download the entire blockchain, which is considerably heavy (+70 GB) and constantly growing. There are technologies being implemented in Monero to slow this growth, however it is inevitable to make this initial download to run a full node. Consider syncing to a device that has an SSD instead of an HDD, as this greatly impacts the speed of synchronization.
Now that the blockchain is on your computer, the next time you run the wallet you only need to download new blocks, which should take seconds or minutes (depending on how often you use the wallet).
The way to skip downloading the blockchain is connecting your wallet to a public remote node. You can follow this guide on how to set it up. You can find a list of public remote nodes on MoneroWorld.
Be advised that when using a public remote node you lose some of your privacy. A public remote node is able to identify your IP and opens up a range for certain attacks that further diminish your privacy. A remote node can't see your balance and it can't spend your XMR.
To restore your wallet with the 25 word mnemonic seed, please see this guide.
To restore your wallet with your keys, please see this guide.
This question is beautifully answered on StackExchange. Check this page for the GUI instructions, and this page for the CLI instructions.
If you want to support other Monero users by making your node public, you can follow the instructions on MoneroWorld, under the section "How To Include Your Node On Moneroworld".
This question is beautifully answered on StackExchange.
VegaWallet aims at being the world’s most advanced cryptocurrency that will revolutionize the crypto space. The platform will be available in 23 days from the time of writing.
VegaWallet will be a complete cryptocurrency platform with products and services that cover every aspect of the crypto space. The team behind this platform plans to make it easy to buy and trade. It also comes with a safe storage system and gives users options to spend it in any way they want.
The financial climate is changing rapidly and one of the notable changes witnessed in this space is the birth of cryptocurrency in 2009. While still in their infancy stages, cryptocurrency and blockchain technologies are reshaping the way people transfer and spend finances globally.
With new processes, services, and products coming on board, new ideas also come up and will eventually replace money, as we currently know it. While notable changes have taken place regarding personal spending and asset trading, several improvements still need to be done in the crypto and blockchain areas.
For example, there’s an urgent need for more companies that can facilitate the buying and selling of digital currency with fiat money through bank transfers or credit cards. Similarly, there are problems of longer wait times for account activation and transfers, high fees, and security issues.
VegaWallet believes blockchain and cryptocurrency will rule the future and eventually replace paper money in the global economy. Even so, this revolution has its share of challenges and VegaWallet is here to provide the best solutions to this evolving space.
Against that backdrop, the project’s main objective is to initiate an immersive, easily accessible user interface that individuals and companies can explore to transfer, trade, and exchange digital currencies across borders. The platform also seeks to install watertight security for clients and assets on their platform.
In their phase one project, VegaWallet introduces Bitcoin and altcoin exchange together with a cold storage wallet developed by the platform itself. They are also launching a mobile app that will allow users to buy cryptocurrencies and to exchange them easily for various digital assets.
This wallet, developed by the platform, will utilize the VGW token to facilitate wallet-to-wallet transfers and to create token demand. Users of VGW tokens on VegaWallet platform will incur reduced fees in transfers.
This mobile app will enable users to access their crypto assets at the touch of a button, anywhere in the world. With top security measures for smart phones and desktops, it will give users peace of mind.
Welcome to the Newbie Monday Weekly thread at /r/bitcoinmarkets!
This is a weekly thread where you can ask any basic questions related to bitcoin trading without shame or embarrassment.
Some rules:
First and foremost, check out the links on the subreddit bar on the right as well as our Wiki for answers to common questions and good reading material on basic guides, strategies and indicators.
There are no questions too stupid, as long as they are about what to do and how to do it in bitcoin trading. If you don't like a question being asked - you don't have to answer it.
Be respectful, no name-calling.
Try to source your answers or support with chart examples, links, etc where possible.
This is not a a thread to ask rhetorical questions about the state of bitcoin. "With the halvening coming up, isn't it stupid not to buy every dip?" or "With only 2.7TPS how can bitcoin support a global economy" are better questions for the weekly fundamental thread.
Past Newbie Monday Threads - Link