: "width=1100"' name='viewport'/> Crypto Hermes: 2016

2016 m. gruodžio 3 d., šeštadienis

A New Crypto Currency Forum BETA Version

If you want to join it, please click here.


Available beta codes BELOW! 
Some may already be redeemed but try some others if so! Grab them while you can!
(Anyone making multiple accounts will be permanently banned and another invite code will be generated).


2016 m. gruodžio 1 d., ketvirtadienis

A few helpful tools for crypto traders and a few new exchanges

This week I have wonderful news. I want to share with you all a few very helpful tools if you are trading or investing in cryptocurrencies. 

The first instrument is Cryptonaire. They are cryptocurrency research investment firm. You can track Top picks of the week and month also long-term picks or peoples picks.

You can also check constantly updated Top 10 coins performance list:
One of the most helpful tools for speculation and short term investment is crypto-trading calendar. You can follow upcoming updates or events in cryptocurrency world connected with particular project and make your decision if you feel safe to make some bids.
Have you ever heard of Crypto Trade Academy? If not, you should follow the team on Twitter. Team is based in Slovenia and they are providing very helpful information. It helps you to stay on track, follow the latest news and movements in crypto market. They are truly trade enthusiasts, opportunity hunters and developers of crypto trading strategies. 

Thirdly, I would like to share with you information about 2 cryptocurrency exchanges you should familiarise with. 

TuxExchange is very friendly Canadian based cryptocurrency exchange named after cute kitty. What is the most important thing, unlike other exchanges, TuxExchange is charging you 0% fees! 

Liqui is another quite new cryptocurrency exchange. Here you can trade hot coins you are not able to buy in other exchanges. For example, Golem tokens, ROUND and many others.

That is the news of this week. If you like it, you can give a small donation to support the project. I will back again with other exciting news next time.

p.s. I would be very grateful if you can click on advertisement by Cbeckads (right up side).

BTC:  1MDVdQPPE9xp7djzpUUyAUELuLQiekdNPc
RDD: RapoMtupVbFKwxcn6uT3Ye3F9iHHpXXJWC

NAV: NUyhj9JdHZ1FRTi5LZqEkgqt9L4SFjmEYv

2016 m. lapkričio 27 d., sekmadienis

SMARTRAC: Partnership with blockchain technology leader Factom

Amsterdam (The Netherlands), November 21, 2016: At the upcoming tradeshow Trustech in Cannes, RFID and IoT pacesetter Smartrac is launching an integrated document verification and authentication solution. This breakthrough solution is based on the company’s IoT enablement platform Smart Cosmos, its NFC transponders, and innovative and highly secure blockchain technology provided by partner Factom.

Partnership with blockchain technology leader FactomSmartrac’s proprietary IoT platform Smart Cosmos utilizes Factom’s data integrity solutions to encrypt, record, and secure Smart Cosmos entries into its public blockchain. The Factom integration is key to dLoc’s superior security. Once the hash value is created, the value itself and every verification (read) process is recorded in Smart Cosmos and the Factom Blockchain.
“dLoc is the first practical document authentication system that utilizes the Factom Blockchain to bridge the data integrity gap between the physical and digital world. We now have a reliable way to secure information on paper-based documents with digital data using blockchain technology. dLoc’s data and identity authentication solution holds great promise for both public and private sectors where paper-based documents are widely used,” says Abhi Dobhal, VP Business Development at Factom.

“DLoc is the first practical document authentication system that utilizes the Factom blockchain to bridge the data integrity gap between the physical and digital world,” said Factom Vice President of Business Development Abhi Dobhal.

Original sources:

Smartrac Launches dLoc – a Breakthrough Document Authentication Solution Leveraging Blockchain

2016 m. lapkričio 21 d., pirmadienis

GameCredits - gaming with crypto

If you haven't heard about GameCredits, now is a perfect time to jump a train. Generally speaking, GameCredits is creating a new payment gateway for the gaming industry. They are providing seamless, easy and secure payment solutions for the gaming indutry. By the Q1 of 2017, GameCredits will be used in 1000's of games through the new payment solution. 

Syscoin 2.1 Feature List

Syscoin team just announced that they are releasing Syscoin 2.1 on December 18th, 2016 by or before midnight US/PST.

NAV - Anonymous Transactions

2016 m. lapkričio 20 d., sekmadienis

Increased Privacy with Syscoin 2.1 – Direct ZCash Payment Support

Syscoin 2.1 will have support for direct ZCash (ZEC) payments in the same way that Syscoin 2.0 has support for direct Bitcoin payments. Users will be able to purchase items by paying the appropriate peg-converted rate of ZCash directly to the seller’s designated Syscoin address. Once received the seller then confirms the funds are present on the ZCash blockchain/network and the transaction is then marked as completed on the Syscoin network.

Because Syscoin addresses are compatible with ZCash Transparent addresses we can offer ZCash support with complete multisig support to allow for optional Syscoin escrow functionality. A merchant has the ability to select a combination of payment options from a list of SYS, BTC or ZEC. Once a buyer tries to buy the offer they will see the payment options available. Once they select ZEC, a Transparent ZCash address will be generated which uses the same private key as the merchant’s Syscoin address. The buyer would pay from a private ZCash address to preserve anonymity and the seller would import their private key (at a random time in the future) into their ZCash wallet to claim their funds, and send those funds into an input of a JoinSplit transaction to store them in a private ZCash address, creating a JoinSplit sandwich.
The JoinSplit sandwich can be summarized as follows z-addr -> P2SH t-addr -> z-addr which provides the maximum amount of privacy with multisig support. All signing of ZCash transactions within the Syscoin escrow service happens on the Syscoin network and is posted onto the ZCash network upon escrow completion. This offers great usability within a trustless and decentralized payment design.

More details to come on privacy preserving payments within the Syscoin marketplace on our upcoming Syscoin 2 whitepaper upon release of 2.1 core.

2016 m. lapkričio 15 d., antradienis

NAVCoin Decentralisation Whitepaper

Navtech Decentralisation Whitepaper

Cryptocurrency technology is decentralised by design. It is believed that rigorous truth is a natural byproduct of an open source platform run by the public. The decentralisation and automation of systems enable people to make informed choices about the systems in which they choose to participate and provides an even playing field as never seen before in history.
As well as the inherently democratic nature of decentralised systems, they offer protection to the participants by providing a safety in numbers hypothesis. This limits the ability of malicious actors to threaten or attack participants in the system due to the number of people involved and the global nature of their relationships.
Another advantage is that they are extremely robust. Once a piece of software has entered the public domain, it becomes impractical and virtually impossible to shut down completely. This enables security to the future of the system and knowledge that if the public deems it valuable it will persist.

2016 m. lapkričio 2 d., trečiadienis

Stratis Weekly #3 on how to hold your Stratis tokens securely, integration with Microsoft Azure and Freewallet

Stratis Weekly #3 is dedicated to security issues to help users to keep their tokens safe. Follow full guide instructions to store and keep your Stratis tokens securely.

Stratis weekly roundup informs about the Stratis Platform integration with Microsoft Azure:

as it was stated by Stratis CEO, Chris Trew:
We see this as first step towards a deeper integration and partnership with Microsoft in the BaaS arena. Being a company that specifically develops tools for the Microsoft ecosystem, it’s only natural that we integrate as tightly as possible with their platform offerings. This undoubtedly will provide greater visibility for our projects and serve to showcase the multiple functionalities that Stratis Platform can offer.
You can read more about it on Tech Announcer and Cryptohustle.

Finally, Freewallet included Stratis in their mobile wallet  service.

Currently Stratis tokens are traded on Bittrex exchange for 0.00007500 BTC ($0.054299).

2016 m. lapkričio 1 d., antradienis

Navtech Anonymous Network Goes Live

The Nav Coin Foundation, the anon-system test team, and Nav Coin’s highly supportive community are proud to announce the release of the newly upgraded network. Dubbed ‘Navtech,’ the network boasts a dual-blockchain powered, anonymizing, value transfer system.
The Nav Coin team has spent the last two months putting the final touches on the new anonymous system. This is big news not just for Nav Coin enthusiasts, but online communities as a whole that are interested in anonymity, blockchain tech, and value transfer solutions.
Today’s launch was a critical piece of the puzzle for Nav Coin in preparation for the upcoming decentralization of the anonymous network. The decentralization work will continue immediately with the Decentralisation Whitepaper slated for release in early November. When the system is ready, trusted server operators will join the decentralized network testing process. Shortly after testing is completed and the new system is running in a truly anonymous, decentralized manner, the network source-code will be released. Once decentralized, members of the public will be able to host their own processing servers and earn Nav Coins for the transactions the process.
In addition to the optional anonymous transaction service, Nav Coin’s biggest strength is it’s super fast network speed. It’s no secret that Bitcoin has an average transaction time of 10 minutes, with transactions over heavy periods taking much longer. With a block time of 30 seconds combined and a scalable block size of up to 20MB, the Nav Coin network is able to handle 1300 transactions per second. Nav Coin fills a niche where the giant that is Bitcoin can’t at present, almost instant transactions and the ability for anonymity with the simple click of a tick box.
This has been a big year for Nav Coin, however, the next few months will really be NAV’s time to shine. Here’s what we have planned for the coming weeks after today’s Navtech launch, and the soon to be decentralization network upgrade:
Official NAV Web Wallet: 95%
An X13 capable, custom Electrum server that can create fully-qualified wallets, and will be released with the option for self-hosting. The NAV team will provide a website and service integration support if you need.
Raspberry-Pi: 95%
A low-energy NAV PoS Staking solution based on the Raspberry-Pi platform. NAV’s highly  anticipated touch-screen staking unit, offers a more energy efficient way to setup wallet  a address, view your balance, and an easy to use withdraw option.
Decentralization Implementation: 85%
The release of the new Navtech value-transfer system, was a key piece of the decentralization network implementation. The new architecture allows Navtech servers to operate in trusted clusters and form their own private mesh network of processing servers which anyone will be able to run and earn rewards from.
These status numbers represent an agreed completion grade given to the project by the core devs, volunteer community devs, and when necessary, the community test participants. This method of voting by group has helped the NAV team meet every goal earlier than expected, and within a reasonable two-week period when releasing later than expected.
To learn more about the design of the new network head over to http://navcoin.org and have a look at the whitepaper. If you’re not very technical or you just don’t have the time, please take a look at the whitepaper cheat sheet. Any questions or concerns about the current or future iterations of Nav Coin can be addressed in the Nav Coin bitcointalk forum thread, Slack channel, or Twitter.
The navcoin.slack.com is open for any and all questions regarding user or node setup. Join the channel #navajocoin-faq if you’re a new user or maybe you’re just curious and would like some information. For guides and general help regarding NAV wallets, nodes, source-code, or platform-specific guides, please visit http://navcoin.org/guides. Although highly-technical questions are welcomed, and encouraged, please understand that the NAV team will only answer these types of questions in the official NAV BitcoinTalk thread https://bitcointalk.org/index.php?topic=679791.0. This is so there’s a public record of all technical related responses regarding NAV, Navtech, and the upcoming network upgrade.
Don’t be discouraged to join yet another site. Come ask questions, play around, or even troll our community. As long as it’s all in good spirit, we need more people to try and break our code, network, wallets, and anything else you can think of. Rewards are granted for bug-hunters, cryptographers, network specialists, professional security researchers, or just some wise guy with skills, so feel free to collect the bounties listed on the official NAV website at http://navcoin.org/bounty.

2016 m. spalio 30 d., sekmadienis

Building an ‘Internet of Value’. Interview with Chris Larsen, CEO of Ripple

Building an ‘Internet of Value’

Originally by ABA Banking Journal, by Monica C. Meinert.

In the 1900s, the international shipping industry was drastically different than what we know today. It was labor intensive, inefficient and lacked a universal standard—shipping methods and product packaging varied widely by country. Shipping anything around the world was a costly and time-consuming process. That is, until entrepreneur Malcolm P. McLean invented the shipping container in 1956.
McLean’s idea was to create a standard-sized shipping trailer that could be easily loaded and unloaded from cargo ships and transported on land via truck. The invention revolutionized the industry—in the 20 years after the shipping container was introduced, global trade exploded by more than 700 percent.
“Right now, we live in a ‘pre-shipping container’ global financial system,” explains Chris Larsen, CEO of Ripple, a global financial settlement solutions company. “We have a series of silo networks that don’t talk to each other. Correspondent banking tries to create interoperability, but it’s a clunky and antiquated system that doesn’t solve the problems we have today.”
If global payments go the way of the shipping industry, it would follow that some innovation would come along that could standardize and modernize the payments process. And if you’ve opened any financial newspaper recently, you’re likely to find people asking that very question about blockchain technology.
So is blockchain the “shipping container” for global financial transactions?
Not quite, Larsen says. In his view, blockchain is just one part of a much bigger picture: a whole “internet of value” that connects multiple blockchains, distributed ledgers and core systems with a simple, standardized “intra-ledger” protocol to allow for instant exchange of value across countries and time zones. Within the context of the internet of value, he adds, blockchain functions more as a new, innovative shipping company than the revolutionary shipping container itself.
Larsen—a longtime fintech player who previously co-founded and served as CEO of Prosper, a peer-to-peer lending marketplace and E-LOAN, a publicly traded online lender prior to founding Ripple—shared his vision for the internet of value and how Ripple is working to achieve it.
Q: How have payment demands changed for consumers and businesses over time?
The need for high volume, low value, real time global payments has never been greater. There are new types of corporations emerging that are becoming very big very quickly, and they’re everywhere, so we’ve got to reach everywhere. They’ve got to make small value payments, which is difficult given the way the current cross-border payments system works.
And then behind that, there is a “second wave” of things that we can’t even predict at this point—like the “internet of things”—where it’s not just devices exchanging data, but likely devices exchanging value. These are just two things that are pushing the world into having a more efficient infrastructure.
Those are good dynamics for banks. Banks with new infrastructure can serve more customers, they can serve their customers better, they can lower their costs. I think that’s why this is a good time to be looking particularly at this “internet of value” idea.
Q: What is the “internet of value” and how does Ripple work to achieve it?
Broadly, that is the big thing happening here. “Internet of value” simply means that we’re moving into a world where value—money, payments, etc.—moves like information moves today because of the internet. We used to live in a world where data did not move quickly—it was incredibly expensive to make a phone call between countries, you couldn’t reach people. That’s exactly what we have today in payments. And I think that that’s ending because of the technology breakthrough happened about seven years ago—starting with bitcoin—which simply meant that you didn’t need a central operator to exchange value.
Q: What do you see as the disruptive impact of the internet of value? What about banking will change as a result of this? What will stay the same?
Banks are actually really well-positioned because they are probably the best organizations in the world at reconciling the three domains of the internet of value: tech, compliance and risk. A lot of that compliance and risk is not going to change, and a lot of the tech is not going to change. Banks are pretty tech-heavy already, so most of what they do is not going to change.
What’s changing here is real-time settlement and how liquidity moves around the world. You now can have a network where value can move to parties you might not have a direct connection with. And that’s a big breakthrough. It should lower reconciliation costs for banks and it should make low value payments profitable. It should also allow for new services we haven’t even thought of yet. Once they get that low-cost structure [in place], this could open up a huge opportunity for banks and for fintech companies to develop things that just weren’t possible until now.
Q: How is Ripple different from other blockchain technology?
We’re trying to be a payments company that uses blockchain, rather than a blockchain company that’s trying to find a use case. We’re trying to address the time, the cost and the fail rates of cross-border payments, and also offer access to all kinds of banks and their customers.
Our belief is that this notion that the whole world is going to adopt a single distributed ledger is not realistic or possible, and doesn’t really solve the issue. We believe in the trend of distributed financial technology as a broader movement; our protocol is a way of connecting existing core systems—we think that’s a better approach.
Q: How does Ripple seek to partner with banks?
Banks are not looking for cool technology, they’re looking for solutions. We think Ripple should be way at the bottom of the payments stack—so that means that partnering with banks is essential. Banks are the core custodians of value, so they’ll be the heart of the internet of value. We’re only going to do a little bit, which is good for us as a company, because then we can focus all of our people on what’s really changing. Banks can piggyback on that and improve their market position.
Q: It seems like there are a number of different companies all working on different blockchain solutions. How do you see it all coming together?
There are going to be private blockchains that will coexist with centralized systems, so you might see things like that emerging. The big thing is having that interoperability between all the existing ledgers and all the new ones that are going to pop up for various use cases, such as securities settlement, loans, etc. It’s critical that you have a standard for inter-operability, which we think will look like an international ledger protocol. Without that “glue,” those systems just become more silo networks. We don’t necessarily think a bank has to change their core system or replicate their core system on some distributed ledger—we don’t think that’s the right approach.
Q: When you talk about developing a global standard, how does regulation play into it?
It’s really important that we don’t conflate the technology with rules and risk. Rules and risk are going to be handled in each jurisdiction by the regulators. The idea that tech can change that gets back to the idea of disruption—this idea that “fintech is just going to change everything.” I think when the fintech industry first came on board, that was the pitch. It was incredibly alarming to regulators, and kind of a setback, frankly. But I think now, regulators understand that when we’re just talking about the tech piece, it actually solves a problem, and as long as we’re talking low-level, that’s something everyone can get around.
For example, in China, you can’t get to Google or Facebook—that violates that country’s rules governing data. But IPs (the underlying technology that allows for internet connectivity) are everywhere because the tech is low-level enough. That’s how this has to be. The technology has to just focus on what is actually changing. That shouldn’t be rules or risk—the regulators should maintain that.
Q: What is the timeline for all this interconnectivity happening?
I think it’s happening now. I think 2016 is the year that we’ve seen the commercial productions now coming into play. My sense is that it’s going to be an avalanche effect: you’re going to see a cost advantage for the banks that create commercial products. They’re going to see new opportunities for new revenue, and at the same time, the integrations [for other banks] will get easier and easier. That’s a good dynamic now for adoption—and I think that has already started.
Q:How should bank CEOs be approaching the internet of value?
The really good news is that banks don’t have to worry about committing to a single application or single provider. The big thing happening here is really the idea of an open protocol. It’s just like the emergence of the internet. Think back to 1995, where companies might have hired U.S. Web or another company to build their first website. But [building the website] didn’t lock them into [that provider]—that was simply their on-ramp to the web. And then when that company went away, or they didn’t like them or it was too expensive, there was a whole industry there that they could turn to.
Q: Looking 10 years into the future, what will the international payments landscape look like?
I think we really will all take for granted that we have an internet of value, and we’ll look back and think, “Wait, you couldn’t send $1 to another country?” It just won’t compute. That will be really good for banks, and really good for growth globally.

Nav’s New White Paper: The Cheat Sheet

On the 26th of September Nav Coin released the Navtech Whitepaper for the re-release of their anonymous network. The 23-page document was written in impressive detail and explained the design, technology, and math, behind the simple tick-box anonymous send system. The groundbreaking design uses double blockchain technology and coin sending methods together to form an advanced anonymous sending system not before seen in the Cryptocurrency world.

Want to know the scoop and don’t have time?

Here’s my cheat sheet for the busy crypto cereal muncher…

For ease I’ve divided the white paper into 5 parts:

The white paper consists of five parts. The first being an introduction describing the core values and perspectives of the development team behind the anonymous sending system. Part two provides us with a high-level overview of anonymity within the realm of cryptocurrencies. Discussed are current methods used for anonymous transactions and their associated problems. Part Three gives us an overview of Nav Coins solution to these problems. In Part Four we get down to the real technical stuff. Broken down into 11 subsections are details of every aspect of Nav Coin’s system right down to error handling. Part Five outlines the key benefits of the system and gives us valuable insight into the future growth and uses cases of the anonymous system. This section concludes with a summary.

5 minute summary of parts

1. Introduction:

The Nav Coin team firmly believe that financial privacy is a democratic right, and aim to provide a way for everyone to have this economic freedom. They cite the example of journalists working in an oppressive country who can be persecuted for publishing dissenting views.

2. The problem: Trust vs Anonymity

In this section, the paper talks about the need to create truly anonymous transactions whilst retaining the decentralised values that cryptocurrencies are built on. This is no easy task. Blockchain technology is by nature a public ledger. This poses a problem for those who want financial privacy, and that should be all of us. The blockchain is a piece of autonomous financial technology. Furthermore, it’s a peer-reviewed publicly available transaction record.
‘All transactions on the Nav Coin network are recorded on the public blockchain so the network can validate them as being correct.’
The white paper goes on to examine current anonymising solutions. These include Tor, which Nav Coin offers as an added layer of security. Coin mixing and coin joining solutions are also discussed alongside other more complicated methods of obfuscating the sender’s details. The white paper describes how methods are vulnerable to attack and do not completely solves the problem of anonymous cryptocurrency transactions
‘The main issue with most of these methods is that they are either eventually traceable through the public blockchain (if you have enough computing power), or they rely on insecure and unreliable means (like a database) to keep track of who is supposed to end up with the coins, or both!’ – Nav Coin white paper
Highlighted are the two main dangers associated with a central database. I’ve put them under 1 & 2.
  1. ‘When a database is introduced to the system, it means that someone can fake transactions and extract money by simply adding a row to the database table which keeps track of who to send money out to.’
  1. ‘Secondly the system becomes vulnerable to data loss. If the database were somehow corrupted, destroyed or otherwise disabled, the whole system has to roll back to the last backup point which can mean thousands of dollars of missing transactions.’  
A centralised database is of course at odds with the decentralised nature of the blockchain.

3. The high-level solution: Navtech

This section of the white paper involves some pretty complicated theoretical concepts. I’ll try to break them down into chunks. The Nav Coin anonymous send system or ‘Navtech’ as it’s dubbed in the whitepaper uses a unique technique to disconnect the sender and receiver. The essence of Nav’s anonymous system is the use of a secondary blockchain or ‘Subchain’. In simple terms, your Nav Coins are sent to the Subchain rather than straight to the receiver. You could think of this like exchanging currencies. You hand coins of one currency over to a teller and receive completely random new coins of a different currency from a large pool. It is through this process that the link between the sent and received coins is broken.
Here are the three most important paragraphs from the white paper if you want to understand how Navtech processes anonymous transactions
‘Instead of sending NAV directly to the receiver, the wallet encrypts the receiver’s address and sends the transaction to one of the addresses provided by the randomly selected processing server. When this server receives this transaction, it creates a transaction of arbitrary size on the Subchain which it sends to a randomly selected outgoing server.
This Subchain transaction has the receiver’s address and the amount of NAV to send encrypted and attached to it. When the outgoing server receives the Subchain transaction, it decrypts the data, randomizes the transaction amounts and sends the NAV to their intended recipient from a preloaded pool of NAV that is waiting on the outgoing server.
After the outgoing server has sent out the randomized NAV to the intended recipient, the incoming server will join together any NAV which has been processed and on the next transaction cycle send it to the outgoing server to replenish the preloaded pool of NAV for future transactions.’

Any questions before we keeping going?

What’s encryption?

Encryption is a way of encoding data so that only the intended recipient can use it. Navtech uses RSA encryption which is extremely secure and is a favored method for making sure data is secure.

What are these random servers?

The Nav Coin team offer multiple incoming and outgoing servers which are picked at random to make the trail even harder to follow. Once the system is decentralized, other people will be able to set up their own processing groups to increase choice and higher levels of redundancy.

Why does it create a transaction of arbitrary size?

This is to prevent an outsider watching the blockchain. Drawing circumstantial evidence by matching sent and received amounts.

So there’s two random servers?

Yes the random incoming server is selected when your wallet creates the transaction. The random outgoing server is selected when the incoming server processes the transactions.

The traveling coins carry a secret bag of info?

Yup, that’s how the right amount of Nav eventually ends up in the right address. Encryption information attached the transaction that the subchain let’s the Nav pool know about. Even with the most powerful supercomputer in the world cannot crack this encryption.

So the Nav they receive isn’t the same Nav I send?

Correct! The receiver of the anonymous transaction will be paid out of a large pool of coins on the Subchain before that pool even receives the sender’s Nav coins. This means speed and security.

Are multiple transactions lumped together and sent at the same time?

Yes. Again this prevents circumstantial inference. All transactions sent within one transaction cycle will be lumped together and travel across the Subchain as one sum to replenish the Nav pool.

What’s a transaction cycle and how’s it relevant?

A transaction cycle is simply how often the servers check for and process the waiting transactions. Currently, the transactions are processed every 2 minutes on each server, giving the whole system a round trip time of approximately 5 minutes.

So what happens at the end?

Harry potter wins. Sorry for the spoiler.

4. The techie stuff

Don’t worry if you get overwhelmed here. Some parts are just troubleshooting. The Nav Coin Developers have a very thorough process of safeguarding their work. They start with the high-level problems then work their way down to ‘what if ant crawls into a server?’ etc. This section is definitely for the kids that want to do further reading. I’ve given a brief description and clarified a few terms. I’d highly recommend checking out the diagrams if nothing else as it gives clarifying visuals of the system outlined above. Let’s look at the main points from the Solution Details section below.

Technologies used

For the coders among us. This section lists the languages, frameworks and platforms used to create Navtech.

System Overview &  Navtech set up

These two sections are largely relevant for people wishing to be part of this awesome technology and set up a Navtech processing server group.
Note: The d in ‘navcoind’ and ‘subchaind’. Navcoind is the command line version of the Nav Coin wallet, it is what the processing scripts give instructions to when reading and sending transactions.

Wallet Config

From this section, it is important to note that users wanting to send Nav Coins anonymously must set up the addresses of the anonymous servers they want to use. This choice will be a selection from the pool of Navtech servers offered by the Nav Coin team. Navtech API
The important thing to note here is that each server runs its own API, so there is no single Navtech API and hence no single point of failure.

Step by step through the transaction process

We will group with following sections together. Creating the Wallet Transaction; Receiving and Processing the NAV on the Incoming Server; Sending the SUB to the Outgoing Server; Receiving and Processing the SUB on the Outgoing Server; Sending the NAV to the Receiver; Returning the SUB and Replenishing the NAV Pool; Error Handling.
These sections explain with great depth and detail the entire transaction processing system. As mentioned above the diagrams are of immense value to help understand how the transaction system works. I’ve pulled out the last diagram in the series of five. Although the arrows are illustrating the replenishing of the Nav Coin pool, you can see a layout of the whole subchain system, the sender, and receiver.
Figure 1.5 Returning the SUB and Replenishing the NAV Pool
The SUB are returned to the incoming server they originated from and the NAV are sent from the to the Outgoing Server which requires refilling.

5. Technical benefits, business benefits and future growth

The technical benefits sections talks about the advantages of using this new cutting edge technology vs the old or ‘legacy’ technology. The genius of the blockchain, which Nav Coin itself is built on as are all cryptocurrencies is elegant indeed for many reasons. But mainly the reasons we’ve always loved it. It’s trustless and reliable. Notice the term ‘trustless’ is used in the context of the blockchain; this does not mean cannot be trusted but in fact that you do not need to trust it because it verifiably works.
there is no need to trust a third party because the rules are impossible to break’
As for the business benefits and growth:
‘All of the technical benefits add up to a system which is fast, redundant (as in easily restorable), resilient, trustless and completely anonymous. This will lead to higher user confidence and wider adoption.’
There are a few interesting things to note here.  One being that Navtech servers contributing to the anonymous system will gain a small payment from each transaction fee. This could add up to significant volumes if a lot of transactions are processed. Secondly, that Navtech can be adapted to be used by other cryptocurrencies.

What does this mean? (Investors skip to the end)

The real summary

Nav coin will release a new world class uncrackable anonymous system within the next few weeks. The anonymous sending feature will be compatible with decentralisation, meaning there is no central server (single point of failure). Nav Coin having rebuilt their anonymous send service with this development in mind will likely decentralise it in the weeks following its release.
It will be the first cryptocurrency in the world to create a decentralised fully anonymous sending system running purely on blockchains. The white paper shows as that Navtech is utterly real and actionable. Also, other developers have the opportunity for peer review. From a technology point of view, it is exciting. From an investment point of view it portends an increase in value.

2016 m. spalio 28 d., penktadienis

Be aware of hype when ZCash (ZEC) trading starts.

Today, October 28th, opening of ZCash (ZEC) trading starts. One of the biggest exchanges, Poloniex, announced yesterday that ZCash market goes live today. However, I would like to warn everyone of you about the coming hype when ZEC market goes live.

There are a few issues you should be aware of:

1. In the first 4 years in every 10 minutes 50 ZEC coins are created. 20% of them goes to the network creators and 80% to the miners. It means, that in one year ZCash team will earn 525 600 of 2 628 000 annually created ZEC.

2. ZCash team are lying do not telling crypto community on their site that 20% of all created ZEC coins go to the team. Only in 2030 the percent will change to 10%.

Have in mind above mentioned issues before making decision to buy ZCash.

2016 m. spalio 22 d., šeštadienis

The Nav Coin team are aiming to decentralize the anon system early December. Anonymous send system on November 1st

The NAV Coin Foundation announced that they would release their new anonymous send system on November 1st. The decentralization of anonymous system is planned to launch early December. 

Previously, it was stated that system of anonymous send is rock solid. It gives some strength that NAV Coin could get more attention from crypto users and investors.  

2016 m. spalio 21 d., penktadienis

Ripple and R3 Team up With 12 Banks to Trial XRP for Cross-Border Payments

More details to come soon, stay tuned!

Verge - standard of privacy and anonymity in crypto

Verge (XVG) is a standard of privacy in crypto world. It is a multi algorithm, secure, private and evolving cryptocurrency offering a ton of privacy tools. Verge since is one of the most anonymous coins you can find today. Price of XVG is hugely undervalued trading in the teritorry of 0.00000004-0.00000005 BTC today. There are a lot of room to rise in the future as development team is working hard and everyone interested can track their work. 

How it was started?
Story of Verge traces back to October 2014 when the developer (known on Bitcointalk forum as "Dogedarkdev") decided to create a coin that focuses on anonimity and decentralization. The original coin was named DogecoinDark. However, developers decided to rebrand the coin and chaged its name to Verge. After rebranding price of Verge jumped from 6 satoshi to 20.   

Privacy tools
As it was mentioned above Verge offers ton of privacy tools. XVG absolutely doesn't share IPs of people or nodes. Verge developed perfect i2P and TOR implementations and they further working to bring the best results in privacy and anonymity. 


Currently you can use Windows, Linux and Mac wallets, Paper wallet, Electrum and Web wallets. You can safely access your wallet via i2P & TOR. 
Verge also has elegant Android wallet currently working on i2P & TOR Android wallets. 

Trading  and price

Verge is currently trading on minimum as you can buy a lot of coins ranging from 4 to 6 satoshi. There are good reasons for the price to go up in the future as development team is very devoted and working hard on various features. You can buy with your XVG various products via Cointopay service.