Who knows the identity of the author of the Bitcoins?

The true identity of the Bitcoin inventor is apparently not known to anyone. In any case, no one has yet made a completely convincing case to the public. Sometimes, however, a guessing game is more exciting than actually knowing the answer. Accordingly, very different names have circulated through the digital world in the past. The New York citizen Joshua Davis, for example, was of the opinion that the pseudonym Satoshi Nakamoto concealed the name Michael Clear, who has a degree in cryptography. Joshua Davis believed he had developed the BTC payment system. He also came to this conclusion because he fundamentally analyzed more than 80,000 words in the writings that Satoshi Nakamoto wrote online.

This thesis was based on the Ethereum code published by Nakamoto, but was not confirmed

However, he came into contradiction because he also considered the Finnish sociologist Vili Lehdonvirta, who has particular experience in the field of Ethereum code development, to be the true inventor of Bitcoin. However, both persons publicly denied hiding behind the pseudonym. In addition, an anonymous group also denied the Ethereum code claimed by Davis. Instead, they suspected that the anonymous payment system BTC was created by a group of three people. They were Charles Bry, Vladimir Oksman and Neal King.

Who is Satoshi Nakamoto and the Bitcoin code?

Under the pseudonym Satoshi Nakamoto the inventor of the crypto currency Bitcoin code is known, who developed the reference implementation Bitcoin code Core in November 2008. Quote Wikipedia

In any case, it is known that the currency Bitcoin was registered on 18 August 2008 via a Japanese server. Almost 2.5 years later, the registration was transferred to Finland. Accordingly, Martii Malmi, who not only lives in Finland but also has experience in the field of software development, was also named in connection with the invention. However, this was not confirmed either. In the period that followed, new names were mentioned on a regular basis. In February 2014, for example, it was Dorian S. Nakamoto who was tracked down by the American journalist Leah McGrath Goodman.

But even this theory turned out to be an unconfirmed claim, especially as Dorian S. Nakamoto claimed not to know anything about Bitcoin at all. Finally, he commissioned a lawyer to make this official statement. It is obvious that the name Satoshi Nakamoto has led to the wildest speculation in the world. It’s not just the name itself that keeps giving rise to investigation. Since nobody seems to know the true identity, the name was long regarded as a ghost in the cyber world. But then another name came up: Craig Wright.

The temporary wallet for Bitcoin Profit

“The digital maintenance book will enable us to provide our customers with new services in an ecosystem of dealers and insurers. Blockchain technology can create a reliable trust protocol for this,” says Elie Elbaz, Renault’s Digitalisation Director, commenting on the plans.

Renault had already had its first contact with modern database technology in the past. For example, Renault’s own bank had participated in the Blockchain consortium R3. However, Renault’s plans come as no surprise. Because meanwhile all major car manufacturers are conducting research into the blockchain chain.

A product blockchain: Bitcoin Profit

The temporary wallet should be terminated by Blocknet in order to Bitcoin Profit be able to start a decentralized stock exchange. This should also reveal the actual value of the Blocknet tokens. The previous wallet, which was introduced in October 2014, basically only served as a backup until the first blockchain solutions could be launched. The developers had put the main focus on developing a decentralized stock exchange. The first important step to finally make this possible is now the start of the final blockchain. In contrast to a centrally organized exchange, the decentralized version should not require the user to accept any restrictions of the function. In addition to full data protection, the user should be given the freedom and security to control his own values himself.

Now that more trades with a total of nine different crypto currencies have been continuously processed for testing purposes, the provisional wallet can now be closed. This creates the basis for creating new token ecosystems. Their core services are to consist of a decentrally organised stock exchange, the control of various databases and the exchange of data between one block chain and the other.

KuCoin Shares – All details at a glance

– The KuCoin Shares Token (KCS) – is the crypto currency of the KuCoin Shares Exchange. It is not just a tradable token. Holding the token while trading on the exchange with different crypto currencies has several advantages. The KCS token pays the owner a dividend every day and reduces trading fees.

KuCoin Shares – What is this crypto currency?
Who is behind the stock exchange & crypto currency?
pros and cons
KuCoin Shares Price – Development – Forecast
Create Wallet
Where can I buy KuCoin Shares?
upshot
KuCoin Shares – What is this crypto currency?
The token is a crypto currency that is mainly used on the Hong Kong Exchange KuCoin Shares. The primary function of the token is to be held in the Wallet by users of the Exchange. Users receive a discount on trading fees and receive daily dividends in the form of crypto currencies. The amount of the dividend depends on how many tokens the owner holds in the wallet.

Bitcoin Trader and a new wallet

The dividend consists of the Bitcoin Trader fees incurred on daily purchases and sales on the Exchange. Whenever someone pays fees on the exchange, they are redistributed to the token owners. The fees are payable on all exchange pairs (of which there is a lot on the exchange). Depending on what is traded on the stock exchange, the next day you will notice that you have received a few coins from all of them. You do not receive the dividend in the KCS crypto currency or always in Bitcoins, but a part of the actually traded coin.
Besides well-known ones like Bitcoin and Ether, the fees also apply to coins like Dragonchain and other, much less known crypto currencies. The proportion of fees that can be received as dividends depends on the amount of KCS tokens in the wallet. In total, 50% of the total fees incurred on the Exchange are distributed to the users every day. The more people trade with each other on the exchange, the more fees are paid and the more dividends are paid out to KCS token holders.
Token owners also get a discount when trading on the exchange. The discount is on the fees, so the fees for exchanging crypto currencies are reduced. 100 tokens correspond to a discount of 0.1%, 1000 tokens to a discount of 1%. The maximum is 30%.
The stock exchange aims to become one of the largest crypto exchanges in the world. It wants to achieve this not only with its own token, which should offer its users various bonuses, but also with a large selection of Altcoins, low fees, a user-friendly interface and its own KuCoin Shares App.

There are currently 180,000,000 KCS tokens, of which about 90,000,000 are in circulation. In the beginning, there were 200 million tokens. The company has decided to buy back tokens and then burn them until the fixed amount of 100 million tokens is reached. Of onlinebetrug.net the original 200 million, 70 million went to permanent founders, 30 million to industry stars and fishing investors and the rest to stock market users.

KuCoin Shares – Who is behind the stock exchange & crypto currency?
Responsible for the development is Michael Gam, founder and head of the crypto currency and stock exchange. Previously, he was employed by Ant Financial, which is associated with the Chinese Alibaba Group. And he worked with Internet celebrities like MikeCRM and KF5.com. The manager is Eric Don. He has worked for IT companies such as Youling, KITEME and REINOT.

EOS owners beware: 55% not yet registered for token swap

EOS will launch its Mainnet on 2 June, but statistics from EOSAuthority show that 55 percent of users have not registered their tokens for the upcoming migration.

Since its release, EOS has been operating with the ERC20 token of the Ethereum network, which enabled the token to operate a one-year ICO and still provide investors with availability through tokens. As part of the migration, EOS will switch to its separate dApp-focused blockchain, which can theoretically guarantee one million transactions per second (TPS).

An immense leap in transaction throughput

The EOS team showed in a Medium Post that in the worst-case scenario 1,000 TPS (transactions per second) are possible, which is still a significant increase over the current 15 TPS supported by the Ethereum blockchain. The EOS backend is supported by Bitcoin Revolution 21 supernodes selected via the dPOS delegation system, with Bitmains Antpool acting as one of the network’s official block producers.

While investors showed great enthusiasm for the Mainnet release, the migration process was anything but smooth. In order to use the new network, investors must migrate their EOS ERC20 tokens from the Ethereum network to the EOS Mainnet via a registration process.

Although EOS made the registration process quite simple, statistics from EOSAuthority show that only 45 per cent of EOS tokens were registered. This is a big problem for unregistered EOS owners because ERC20 tokens that were not registered before the start of the Mainnet are not counted in the blockchain snapshot, which means that the unregistered coins are theoretically not compatible with the new network, making them worthless in the short term.

Community support for rescue

There is no official statement from the EOS development team as onlinebetrug.net to whether unregistered tokens can simply be transferred to the Mainnet at a later date, but the community members have worked on a fallback solution.

“WE RECOMMEND THAT ALL USERS COMPLETE REGISTRATION AND USE A SIMPLE TOOL ON OUR EOSAUTHORITY.COM WEBSITE TO CONFIRM THAT THEY HAVE SUCCESSFULLY REGISTERED. THE COMMUNITY IS ACTIVELY DEVELOPING A FALLBACK SOLUTION SO THAT UNREGISTERED WALLETS ARE AUTOMATICALLY REGISTERED AND CLAIMED BY CONVERTING A PRIVATE ETHEREUM KEY INTO A PRIVATE EOS KEY.

Bad sign for the EOS Blockchain?

With such a low registration rate, concerns were expressed as to whether users would actively participate in the network after publication. Given the importance of the token community’s involvement within the dPOS network structure and its responsibility in coordinating the delegate, the lack of activity could affect some of the network’s core functions.

Bitcoin Lightning capacity increases 68 percent within a month

The capacity of the Lightning Network has increased by 68 percent in the last 30 days. Irek Zielinski, a software developer and Bitcoin researcher, announced that the total number of micropayment channels in the Lightning Network has increased from 23 to 38.6 Bitcoin, an average increase of 2.2 percent per day.

Meaning of Layer 2 Scaling

In December 2017, when Bitcoin’s price was close to $20,000 after a new all-time high and the crypto currency market reached $850 billion, Bitcoin’s transaction fee exceeded $10 on average and reached $30 on large transactions.

Since July 2018 it has cost less than $0.1 for widespread crypto-wallets such as Blockchain.info. 48,000 bitcoins were recently moved for 4 cents fees. The low transaction fee is due to the relatively low transaction volume of the Bitcoin network but also to the implementation of Segwit.

Eight months ago, the Bitcoin network processed 500,000 transactions a day, but recently the network has processed less than 150,000 transactions a day. As you can also see from the daily transactions chart of Blockchain.com.

As Bitcoin’s price rises in the coming months, experts such as BitMEX CEO Arthur Hayes ($50,000 per BTC) predict, Bitcoin’s transaction fee will rise at the same time. This is particularly the case when demand for bitcoin increases during a strong rally.

Scaling solution – second layer like Lightning

Second layer scaling solutions such as the Lightning Network are able to efficiently process small transactions without burdening the main chain or the main bitcoin network. Plasma by Ethereum works similar to Lightning and is also by the same author.

Most large blockchain projects and developers focus on improving layer 2 solutions to ensure that public blockchain networks will be able to manage small and large on- and off-chain networks in the next bull market, even with high demand and high daily volumes.

The growth of the Lightning Network from 23 BTC to 38.6 BTC may seem like a slight improvement in capacity, considering that only $120,000 worth of bitcoin was added to the Lightning payment channels last month. Since Lightning micropayment channels typically process payments in the range of $0.1 to $10, an increase of 15.6 bitcoin can be seen as significant progress in a short time.

Progress equals adoption

As with any other technology in its infancy, experts have expressed concern about Lightning and the network’s ability to guarantee larger payments. Diar, a digital currency analysis company, wrote in a study entitled Lightning Strikes, But Select Hubs Dominate Network Funds:

“But while capacity and the number of nodes and channels are constantly increasing, the reliability of the successful forwarding of a payment in the Lightning Network is still quite low, especially for larger amounts. The success rate for a payment for no more than a few dollars between random LN nodes is 70 percent.

Jeff Garzik, former Bitcoin Core developer and co-founder of Bloq, a blockchain software company, also found that a single person became the largest node operator on the Lightning Network by opening multiple channels worth $50,000.

Garzik raised a problem, suggesting that in the current development phase a few channels have an essential part of the Lightning Network’s resources.

With steady growth, these problems can be solved by the open source community of Bitcoin developers. But the danger of centralization is one of the biggest criticisms of the Bitcoin Lightning Network.