Sustainability through using the blockchain within supply-chains

Michael was on his way to his weekly shopping on a hazy Sunday afternoon in September. He was in his 30s, wearing a typical attire of a shirt, jeans and a pair of shoes made out of faux leather. This was his usual weekend shop. For his lunches in the office that he was working in he would get meals from the Greek place nearby. Michael tend to skip dinner. Instead he would go on an app for intermittent fasting log in his hours and put 1 dollar towards a carbon credits offsetting fund build on the blockchain. While eating his lunch, he would flick through the supermarket app where he bought his food and browse the source of each ingredient encoded on the blockchain. This was an interesting one, as he could go back as far as learning the name and story of the farmer who picked his avocados and bananas. A story that he supported by buying the sustainable sourced produce with the ability to track it with blockchain technology.

The global population is growing exponentially requiring an increased use of energy and food. Our current sources of those resources are strained and reaching the point of inability to cope with the demand. On another side, this increased demand affects the quality of the supply as producer try to keep up on the quantity demanded. Higher quantities with reduced quality of food for the growing population creates additional maladies and if there isn’t a system and rules in places to protect the quality and understand the source of our food supply, everybody will be affected. This doesn’t have to go down like this, as there is already technology with the ability to track and help improve the quality of food. We can trace the supply-chains of each banana, avocado, or meat from the farm. There is an opportunity to massively improve life quality by improving, tracking and proving the sustainable supply of food and bio-energy enhancing the global food chain. Accessing healthy and nutritious food that has been produced in an eco-efficient manner preserving the biodiversity of the area where it was produced shouldn’t be a privilege of the rich and the developed world rather just a simple basic right for everybody. The Blockchain technology can assist us in creating transparent and verifiable supply chains that can be traced from the source and their impact on the environment clearly visible and measurable. Value chains that are integrated from farm to consumer, more traceable, measurable, verifiable would help monitor intermediaries and apply the standards, rules and regulation to preserve the quality of our food supplies.

Around 15% of global GHGs are related to agricultural production. That number is higher when you consider forestry and land use. As climate change affects rainfall and temperature, the location and nature of crop systems are likely to change. Eliminating deforestation from our agricultural supply chains worldwide is crucial for preserving not only the food on your plate each day, but the environment as a whole. Risk for global supply chains are affected by a number of internal and external factors such as margin erosion and sudden demand change, lack of visibility, ineffective risk management, ripple effect and obsolescence of technology. The food chain worldwide is highly multi-actor based and distributed, with numerous different actors involved, such as farmers, shipping companies, wholesalers and retailers, distributors, and groceries. Exchange of goods within those supply chains between buyers and sellers is done using complex and manual settlement processes that lack transparency and carry loads of risks. Many intermediaries involved in this process add additional costs and make the transactions prone to fraud. Moreover, there is a lack of knowledge on the origin of products and their environmental production footprint. We can reduce greenhouse gas (GHG) emissions produced from our food production by:
• protecting peat land and other carbon-capturing ecosystems
• conserving freshwater and acting responsibly in water-stressed regions
• conserving biodiversity
• supporting livelihoods
• respecting labor and land use rights
• applying free, prior and informed consent

On the other hand, ensuring the quality of our produce can be verified sustainable through tracking and application of international food standards clearly visible on each packaging. Knowing the origin and what products are really made of provides reassurance. For example, some of the most popular products used in the food production of many everyday staples can be seen below, certified by Bunge – one of the biggest food conglomerates and one with the ability to track the food through most stages of the supply chain.

On the technology front, companies are already implementing the blockchain to trace the source and provenance of food and energy. Certifying the sustainability of the sources and helping farmers and producers of those resources get adequately paid for their work rather than getting ripped of by the middle man and multiple intermediaries bringing little value to both the consumer and producer. Moreover, there has been an increased desire among consumers of agricultural products to better understand where their food products come from. Bext360 has developed a device that combines machine learning and artificial intelligence with blockchain to create a more efficient and transparent coffee supply chain, ensuring that farmers are paid fairly and immediately, while simultaneously helping consumers better understand where and how their coffee was produced. Agridigital is working on the commodities market for grain offering a platform that allows tracking from farmer to consumer. The Grasroots Coop is also experimenting with blockchain tracking organic produce made by small farms where quality always goes above quantity. Finally, provenance is literary attempting to tell the story of each product by tracking and verifying its source allowing businesses to increase their sales and strengthen brand value. The potential benefit of increasing consumer awareness and empowerment, considering that the consumer is the market driving force. Consumer increased awareness would put pressure for more transparent, sustainable, safe and fair practices in food production. The blockchain technology doesn’t only offer fast transaction settlement and lower costs, but it is also transparent, auditable and reliable. A perfect solution to tackle the many challenges faced by the supply-chain industry that has massive environmental impact.

Will Bitcoin Ever Be Regulated?

This article is originally published in Albaron Ventures.

As Bitcoin and other digital assets continue to grow in adoption and popularity, a common topic for discussion is whether the U.S. government, or any government for that matter, can exert control of its use. 

There are two core issues that lay the foundation of the Bitcoin regulation debate:

The digital assets pose a macro-economic risk. Bitcoin and other cryptocurrencies can act as surrogates for an international currency, which throws global economics a curveball. For example, countries such as Russia, China, Venezuela, and Iran have all explored using digital currency to circumvent United States sanctions, which puts the US government at risk of losing its global authority. 

Image: https://pixabay.com/illustrations/bitcoin-btc-cryptocurrency-1813503/

International politics and economics are a very delicate issue, and often sanctions are used in place of military boots on the ground, arguably making the world a safer place. 

The micro risks enabled by cryptocurrency weigh heavily in aggregate. One of the most attractive features of Bitcoin and other digital assets is that one can send anywhere between a few pennies-worth to billions of dollars of Bitcoin anywhere in the world at any time for a negligible fee (currently around $0.04 to $0.20 depending on the urgency.) 

However, in the hands of malicious parties, this could be very dangerous. The illicit activities inherently supported by a global decentralized currency run the gamut: terrorist funding, selling and buying illegal drugs, ordering assassinations, dodging taxes, laundering money, and so on. 

Can Bitcoin Even Be Regulated?

Before diving deeper, it’s worth asking whether Bitcoin can be regulated in the first place. 

The cryptocurrency was built with the primary purpose of being decentralized and distributed– two very important qualities that could make or break Bitcoin’s regulation. 

By being decentralized, Bitcoin doesn’t have a single controlling entity. The control of Bitcoin is shared among several independent entities all over the world, making it nearly impossible for a single entity to wrangle full control over the network and manipulate it as they please. 

Image: https://pixabay.com/illustrations/bitcoin-business-money-4503758/

By being distributed, Bitcoin exists at many different locations at the same time. This makes it very difficult for a single regulatory power to enforce its will across borders. This means that a government or other third party can’t technically raid an office and shut anything down. 

That being said, there are several chokepoints that could severely hinder Bitcoin’s adoption and use.

  1. Targeting centralized entities: exchanges and wallets 

A logical first move is to regulate the fiat onramps (exchanges) , which the United States government has finally been getting around to. In cryptocurrency’s nascent years, cryptocurrency exchanges didn’t require much input or approval from regulatory authorities to run. However, the government started stepping in when cryptocurrency starting hitting the mainstream. 

The SEC, FinCEN (Financial Crimes Enforcement Network), and CFTChave all played a role in pushing Know Your Customer (KYC) protocols and Anti-Money Laundering (AML) policies across all exchanges operating within U.S borders.  

Cryptocurrency exchanges have no options but to adhere to whatever the U.S. government wants. The vast majority of cryptocurrency users rely on some cryptocurrency exchange to utilize their cryptocurrency, so they will automatically bend to exchange-imposed regulation. 

Regulators might not be able to shut down the underlying technology that powers Bitcoin, but they can completely wreck the user experience for the great majority of cryptocurrency users, which serves as enough of an impediment to diminish the use of cryptocurrency for most. 

  1. Targeting users.

The government can also target individual cryptocurrency users. Contrary to popular opinion, Bitcoin (and even some privacy coins) aren’t anonymous. An argument can be made that Bitcoin is even easier to track than fiat because of its public, transparent ledger. 

Combined with every cryptocurrency exchange’s willingness to work with U.S. authorities, a federal task force could easily track money sent and received from certain addresses and pinpoint the actual individual with it. Companies such as Elliptic and Chainalysis have already created solid partnerships with law enforcement in many countries to track down illicit cryptocurrency uses and reveals the identities behind the transactions. 

Beyond that, we dive into the dark web and more professional illicit cryptocurrency usage. Although trickier, the government likely has enough cyber firepower to snipe out the majority of cryptocurrency-related cybercrime. In fact, coin mixers (cryptoMixer.io), coin swap services (ShapeShift) and P2P bitcoin transactions (localbitcoins.com) have been investigated for several years now and most of them have had to add KYC and adhere to strict AML laws. 

Final Thoughts

Ultimately, it’s going to take a lot to enforce any sort of significant global regulation on Bitcoin, with the most important factor being a centralization and consensus of opinion. The majority of the U.S. regulatory alphabet agencies fall into the same camp of “protect the good guys, stop the bad guys”, but there isn’t really a single individual piece of guidance to follow. Currently, cryptocurrencies are regulated in the US by several institutions: CFTC, SEC, IRS, making it difficult to create overarching regulatory guidelines.  

In short, yes– Bitcoin can be regulated. In fact, its regulation has already started with the fiat onramps and adherence to strict KYC & AML laws. While in countries such as Ecuador, Bolivia, Egypt and Morocco Bitcoin ownership is illegal, in the US, it would take some bending of the moral fabric of the Constitution in order for cryptocurrency ownership rights to be infringed.

However, it cannot be shut down. There are still ways to buy, sell, and trade Bitcoin P2P, without a centralized exchange. It would take an enormous effort by any government to completely uproot something as decentralized as Bitcoin, but that future seems more dystopian than tangible. 

Swissborg – Control your Wealth

A big bold message hits you when you first access Swissborg’s main website – Control Your Wealth. A strong proposition. One that raises both financial and emotional connotations backed by a logo with a mechanistic and forward looking design. From the mountains of Switzerland, Swissborg is set on a mission to build a platform that puts the control of your wealth in your own hands. Switzerland has been the wealth preservation state for decades where experienced investment professionals and bankers have weathered through recessions and wars preserving generational wealth. The company seeks to continue exactly that succession line of preserving the wealth of the young generations. Powered by the blockchain with a platform secured cryptographically the company seeks to aid the transition of value from the traditional to the digital. In this new day and age, preserving wealth means seeking new alternative ways of transacting and storing value.

Saving money and putting it in the bank or in a pension fund is the mainstream way of preserving wealth for the long term. Although the actual control is lost at the point of transaction as our knowledge of what happens and where does the money gets invested is lost in the chain. Placing your wealth with an investment banker or a trader that only sees the numbers on the screen, desensitized of the months of hard work, savings and salaries paid to represent those numbers. Do you know what happens to your savings? Where does your money get invested in your pension fund? Well done. If you are aware and happy with it, great. The majority of people have no idea or visibility. Entrusting their emergency capital and savings to institutions that may not be communicating their strategy clearly or using channels that don’t align with the younger crowd. It’s no longer enough passing your wealth trustingly to the bank and pension funds who are completely out of touch with the current levels of digitization and new technology. These centralized institutions have eroded their most valuable weapon – trust and transparency. Enough is enough, it’s time to take control of your wealth.

Swissborg is the first Swiss crypto-wealth management ecosystem based on the blockchain, developed by a team of fintech experts.  A simple set of features puts in a position that offers access to tools that can help you manage your wealth:

  • Wealth App – all-in-one wealth app will offer diversified and automatically re-balanced portfolios . You would be able to view your portfolio live at any time with the flick of your wrist using your supercomputer hidden in your back pocket. In order to fund your account, you will be able to instantly transfer fiat and crypto in it where the best conversion rates will be applied aided by an institutional grade market price aggregator engine.
  • SwissBorg SB5 Index – To benefit from diversification eliminating unsystemic risks and achieving market returns the company has developed on of the first crypto index products. Assets are rebalanced periodically to mitigate the risk and you would be able to get an exposure to the top market cap projects that constitute the index. Don’t try picking out the best performers of this new trend rather put your wealth looking long term in the top projects.

Don’t look for the needle in the haystack. Just buy the haystack! – Jack Boggle

Source: Swissborg




Swissborg is a holistic crypto wealth management ecosystem that is accessible to everyone. Simple investment tools are put in the hands of the user build by a team of experts in their respective fields. The company doesn’t stop at disrupting with their main proposition and products that it offers, but also the way it is run and operates. The DAO or “decentralized autonomous organisations” are organisations that are both decentralized and autonomous. Swissborg seeks to run a lean business operation without a centralized zone of operation empowering its employees towards autonomous contribution to the organisation that benefits them on the basis of their input. The company values are a great guidepost for this matter:

  • Meritocracy – through self-organisation and decentralized control the organisation seeks to benefit those who participate on the basis of their contribution and skills rather than their standing in the hierarchy. Rewards on the basis of contribution brings equality and trust within an organisation where individuals have to demonstrate their credibility. This is in development with the company in light of the CHSB token, Swarm platform and the DAO. Swissborg is still developing a fully fledged DAO though it already exhibits large portions of it in the way it operates and makes decisions to the way that it takes feedback and suggestions by the community through the Swarm Intelligence platform & Proof of Merit systems.
  • Transparency & Trust – both key elements for any systems that transacts value between individuals that being through physical cash, IOUs or cryptocurrency. Recently exactly those values have eroded massively in the traditional banking and Financial system.
  • Community & Inclusiveness – a community-centric investment network that offers the same product and services no matter the jurisdiction, nationality, skin-colour, etc. Accessibility without borders that can help one take ownership of their future wealth.

Swissborg’s product and intentions are clearly well-positioned to bring about some serious change in the way how we manage our future wealth. Moreover, with the end of the business cycle many assets that have performed well are due for a correction while negative interest rates affect debt and bond markets in a very bad way. A few safe havens are left to those that seek to preserve their wealth in the face of cash and gold. Although the emergence of Digital assets offers the option for additional diversification and allocation of capital in an asset class with zero to negative correlation to the traditional markets.

Managing your finances and investments from a platform built on a blockchain can add additional security and reassurance against fraudulent behaviour as to the inherent auditability and uniformity of the transactions in the network. Simplicity in the ease of transacting your fiat and crypto into financial products define a path to easier adoption. Crypto indexes are another ingredient for adoption of digital assets and preservation of your capital that stands at the front of Swissborg’s proposition. Indexes are also a great vehicles for your wealth allowing you to get reduced risk market exposure and benefit from improved returns in the long-term. Depending on your personal risk and return appetite different indexes mapping out different areas of the crypto space offer a product to wealth management customers in a different period of their investment journey. Furthermore, not only the product is disruptive to the wealth market. The people behind it elapse decades of experience in the Banking and Investment Management industry in Switzerland, Japan and Canada. Finally, the company is on a definite path to disrupting the way we manage our wealth and invest in the next big wave of economical value creation that is the digital assets space.

Crypto Analysis: Zilliqa (ZIL)

SUMMARY

  • Project name: Zilliqa
  • Ticker symbol: ZIL
  • Token type: Protocol native Zil utility token
  • Consensus mechanism: Hybrid PoW & PBFT
    • Hash algorithm: Ethash algorithm
  • Genesis date: January 12, 2018
  • Key exchanges: Binance, Ubit, Coinbase & Coinbase Custody, Bittrex
  • Wallets: Moonlet (audit complete), Trust Wallet, ZHIP, Light-waller, Midas Protocol, xZil, Ledger Companion.
  • Current Market Cap: $135,787,048 (04.03.2019 @CoinGecko)
  • Current circulating supply: 8,299,187,391
  • Total supply: 12,000,000,000 ZIL

zilliqa chart

Overview

Launched in January 2018, Zilliqa is a clean-slate public blockchain protocol designed to scale efficiently, without compromise to the security and resilience of the network. This is achieved via the implementation of sharding – network, transaction and computational. Zilliqa is the first public blockchain protocol to implement it. The network employs Proof of Work to establish node identifiers and shard formation while within the shards, Practical Byzantine Fault Tolerance (PBFT) is employed to achieve consensus. Smart contracts are implemented in Scilla, a language created by the Zilliqa team who is mainly located in Singapore.

Product

“To develop a clean-slate protocol that is capable of scaling, without compromising security and resilience.” 

 The company is working on building a blockchain platform where DApps can be built on a platform designed to scale in an open, permission-less distributed network. Implementation of sharding to increase scalability and security characterize this project set as the main differentiator against competitive baseline protocols. The idea of Sharding in the Blockchain field was first put forward in an academic paper co-authored by the Zilliqa team members in 2015. The ability to process transactions in parallel due to the sharded architecture ensures that the throughput in Zilliqa linearly increases with the size of the network. Moreover, it follows a dataflow programming style, where the program can be seen as a DAG. Nodes in the graph represent computations, while arcs represent input/output. Data flow programs are known to be inherently parallelizable and easy to reason about. The key advantage of employing a dataflow approach is that more than one instruction can be executed at once. Several nodes can be activated at the same time running in parallel.

Zilliqa seeks to become the main competitor of Ethereum. A number of initiatives such as developer relations, grants and events aimed at bringing DApps on the platform have been created by the project. Zilliqa aims to provide a platform to run highly scalable computations in a multitude of fields such as data mining, machine learning and financial modelling to name a few. The main industry that the protocol is seeking to disrupt and build a platform for DApps is digital supply chains and advertising. Other possible use cases are automated high-volume auctions & decentralized exchanges. Zilliqa provides the infrastructural support for conducting any trading application at high volume and large scale. Another use case is in DApps for the scientific and academic community where high-performance computing and reliable, accurate results are required. It is evident that efficiency is key to the success of such an application.

The Token Generation Event (TGE) was finished by January 2018, having raised roughly US$22,000,000 for the initial development of the product.  This funding will be able to support the research, development and operations of the project for at least 3 years. The funds raised were given in exchange of its utility token ZIL which is meant to be used as the main currency to exchange for DApps built on top of the blockchain. Along with its use as a utility token, it also supports smart contracts. Scilla is the smart contract language used in Zilliqa.

Zilliqa’s version of mining only requires GPUs to run at full load for a small fraction of time, as Proof of Work is only used to establish identities. Zilliqa uses PoW also to prevent Sybil attacks (a type of network attack based on the attacker forging their identity). Every new node who wishes to join the Zilliqa network has to first perform a PoW.

Key Features:

  • Fault tolerant – no single node controlling the data transaction and data records in the P2P decentralized network, there is no single point of failure in the network
  • No Internet Censorship – It controls and prevents internet Censorship violation as there is no central controlling authority owning the DApps in the network
  • Enhanced Trust – no single entity owns or controls applications on the platform making data theft and manipulation very difficult
  • Sharding – through the use of sharding Zilliqa seeks to solve some of the biggest scalability issues with the blockchain technology. Sharding works by dividing the mining network into small shards, each capable of processing transactions in parallel.
  • Consensus – hybrid POW/PBFT. PoW is used only to prevent Sybil attacks and generate node identities. It uses Ethash algorithm which can be mined with a GPU.

Management

Zilliqa’s leadership team consists of computer scientists with PhDs from top world universities and research institutions such as Princeton, Berkley, and the National University of Singapore (NUS). The solid educational background of the lead team members is also backed up by the experience and track record of its management. Xinshu Dong, CEO of Zilliqa, has previous experience in Blockchain research and development with Anquan. Anquan is primarily deployed for financial and e-commerce applications and is in many ways a precursor to the Zilliqa project. Christel Quek , is an all-star member of the Zilliqa team. She is a Co-Founder of BOLT, a live TV and gaming service with over 3m users in Kenya, Southeast Asia and Latin America.

A number of high profile advisors are involved in the project. Loi Luu, the founder of Khyber who is a frequent speaker at Bitcoin and Ethereum workshops, DevCon2, EdCon and an influencer in the crypto space. Stuart Prior, who is a FinTech veteran with 20+ years of experience in investment banking. He currently works on corporate banking initiatives for the adoption of Blockchain technology.

Zilliqa hasn’t only got an outstanding management team and advisory. It has also secured a number of commercial partnerships with potential use cases and commercialization of its protocol. Mediamath, a leading digital media buying platform and services company based in New York, serving over 250b ad impressions a day. Mindshare, a global media and marketing services company with 7,000 employees across 116 countries and global annual revenue at USD34.5B. Integral Ad Science (IAS), a global software company, headquartered in New York, that builds verification, optimization, and analytics solutions, acting as leaders in viewability, brand safety and ad fraud. Integral Ad Science is part of the mindshare project and a major partnership in the advertising industry for Zilliqa. Other notable partnerships include Genaro Network, Bluzelle, LayerX, Rubicon Project.

Development

Developers with many years of secure software systems-building expertise, software architecture and software engineering work on building Zilliqa’s product. Jia Yaoqi leads the technical team acting as a CTO for the company. The development team is more than 15 strong and they are clearly listed and visible on LinkedIn. Moreover, the GitHub commits and activity can be tracked and clearly demonstrate that constant work on building the protocol is being delivered.

Github.PNG

To bring developers and DApps builders on its platform, the company has an Ecosystem grant program initiative – BuildOnZil:

  • A pool of $5 million USD that will be given to great projects, teams & individuals to start building tools & applications for the Zilliqa platform.
  • Objective: To support & encourage great individuals/teams around the world to start developing tools, libraries & Dapps for the Zilliqa platform.
  • Disbursement method: Min 30% native Zil tokens – the remainder can be in USD or ETH.
  • Disbursement schedule: The selected teams will work with Zilliqa on a set of technical milestones & corresponding deliverables. The award will be dispatched in three batches: initial payment, mid-term payment (once a No. of milestones have been reached) & the final payment (on completion). For each project the code has to be open source and the team is required to maintain the code base for at least 1-year.
  • What is provided:
    • Non-dilutive funding
    • Technical advice (subject to the Zilliqa team’s resources)
    • A feature on the Zilliqa website/other channels as the first batch of developer tools/Dapps
  • Funded development stratified by project type & duration, with grant values awarded based on the prior:
    • Tools & libraries – E.g. plug-in support for existing editors such as Sublime
    • Cross-OS support e.g. Windows, Block explorer, a browser extension to integrate with Zilliqa wallets, Web wallet/desktop/mobile wallet, Debugger for Scilla, etc.
    • Dapps – DEX, games, stable coins, auctions, market places, other Dapps

The final part of the development we are going to quickly look at is the roadmap and expected delivery of features of the product. The project has been active for more than two years and it has already launched their main-net and accomplished the main token swap. The team always delivers on time and clearly communicates on its development and issues that may have arisen.

Roadmap

Community

A strong, professional presence is essential for the long term success of a company, as well as the health of its token. Having multiple, trustworthy communication channels gives a method to reach customers and investors to increase adoption and token value. Zilliqa’s builds its credibility and reputation with PR, events, and regular communications. This creates a pipeline of developers, partners and investors for the company and its healthy future development. Prompting the admins in the telegram channel with a couple of quick-fire questions @Joona came back immediately with answers to the questions:

  1. What features did the project build recently that a consumer or enterprise is using or benefiting from?

We recently released our mainnet on the 31st of Jan, do see.

You can start building on top of mainnet after the bootstrap phase has finished. https://blog.zilliqa.com/zilliqa-mainnet-the-launch-and-beyond-4cd7e113369f

  1. How much did they improve the infrastructure and stack by in terms of scalability, privacy, confidentiality?

We have reached 2488 TPS in testnet previously which is multiple of hundreds time higher than on Ethereum for example.

Privacy is part of our future researches.

  1. What are some of the weaknesses and threads of the project?

 To start with, competing in an open source framework like in the blockchain space does not make much sense. Since, the project is open source, anybody is free to reuse the idea in another project. The biggest problem in blockchains today is scalability. There are several solutions to this problem. The beauty is that each project provides its own solution and this creates a healthy environment of learning from one project and building another one. Each project usually has its own strengths and weaknesses. Attempting to compete with any blockchain whatsoever will take the project nowhere. This will prevent us from adopting smart ideas out there in our so-called competitors. Our philosophy is that one needs to identify the strength of the idea, follow it and be open to learning from other projects.

Community:


Strengths

  • Sharding implemented now not sometime in the future
  • Transaction Speeds increase linearly
  • Environmentally friendly and very secure due to its mixed consensus mechanism
  • Lower transaction fees and higher transactions speed compared to its main competitors like Ethereum or NEO

Weaknesses

  • The niche language used for smart contracts means a smaller pool of talent and a learning curve for new developers
  • Approach to governance is a weakness of the protocol

Opportunities

  • The smart contract language Scilla that Zilliqa uses follows dataflow programming making it ideal for large-scale computations that can be parallelized
  • As the project is open source, it will be capable of being tested by independent parties
  • The ZIL research team is exploring securing PoS consensus, storage pruning, cross-chain support and privacy-preserving computation.

Threats

  • The possible partnership with Ethereum andTron

Conclusion

The current landscape of blockchain protocol platforms is facing major issues regarding their scalability. Zilliqa has a solution to the exact same problem. The exponential increase of the amounts of DApps built on top of different protocols grows every day. The demand for higher transaction throughput is becoming an important factor for those considering building on top of protocols that don’t offer speed. The protocol has been redesigned from scratch over a period of two years by a team with proven academic credentials and relevant industry experience. Moreover, a team of industry movers setting up the bar for novelty within the Blockchain space is putting a serious competition out there to the other main baseline protocols.

 

External Resources:

 Zilliqa website:  https://zilliqa.com/

Zilliqa Whitepaper: https://docs.zilliqa.com/positionpaper.pdf

Zilliqa Technical Paper: https://docs.zilliqa.com/whitepaper.pdf

Zilliqa Blog: https://blog.zilliqa.com/

GitHub: https://github.com/Zilliqa

Block explorer: https://explorer.zilliqa.com/

Wallet: https://wallet.zilliqa.com/

Charts: CoinMarketCap – https://coinmarketcap.com

CoinGecko: https://www.coingecko.com/en/coins/zilliqa

Metrics: https://messari.io

 

Disclaimer: This document is for information and illustrative purposes only. It is not, and should not be regarded as “investment advice” or as a “recommendation” regarding a course of action, including without limitation as those terms are used in any applicable law or regulation.

Cryptocurrency Trading Hacks: For Newbies & Pros Alike

This is the second part of the collaboration with Youtubetomp3shark.com. Please find a  guest post that I think is super interesting for beginners in the crypto space:

This article by Sarah Pritzker first appeared on Youtubetomp3shark.com.

Cryptocurrency is the double edge sword of the trading world. The volatility is insane; you’ll see major swings from 12% to 300% in a single day! With movement like this, it can be hard for anyone, let alone a newcomer to the cryptocurrency exchange, to make heads or tails of the market. Good news is there are a lot of people doing research on this exact topic who can help you figure out the best way to turn a profit when trading cryptocurrencies.

So, if you’re in the mood to make some money but can’t make sense of all the cryptomarket lingo, check out some of these cryptocurrency trading hacks (spoiler, there are hacks for novices and experienced traders, so skip the first few if this isn’t your first rodeo).

Cryptocurrency Trading Hack #1: Start at the beginning

If you’re a newbie to the world of cryptocurrency trading, then the first and most important hack you can hear about is to learn! Jumping in without knowing what you’re talking about is a guaranteed recipe for disaster. So, before you put your money where your mouth is, get educated. Understand the markets, terms, and trends. Know what terms like falls, rises, volatility, and swing trading mean. Understand what blockchain is and how it helps. Learn the different trading strategies and when to use which.

Dylan from Six-Figure Marketers Club put out one of the best beginner’s cryptocurrency trading strategy videos. It starts at the beginning and proceeds to walk you through all the basics you’ll need to start trading bitcoin. The best part of this video (and all his videos, really) is that he speaks English clearly! You’d be surprised how difficult it is to find a good cryptocurrency video tutorial by a native English-speaker, so Dylan’s stuff is really golden.

What’s more, Dylan explains everything clearly, so you will really walk away from this video understanding the ABC’s of cryptocurrency trading. As they say, knowledge is power!

Cryptocurrency Trading Hack #2: Only invest what you can afford to lose

Ok, this one doesn’t seem like a pro tip, but if you’ve ever lost money in any investment platform, you know that sticking to this rule is key. Picture this: You invest a large sum of money, probably more than you can really afford, but it’s ok because your broker ensures you that this is a solid bet. Lo and behold, the market swings the other way, and you lose everything you’ve invested.

You’re devastated, heartbroken, and what’s more, you’re broke. Now, what do you do? The smart investor walks away, but that’s not everyone. Too many people get the itch. I’ve come this far, I’ve invested so much. I can’t turn back now. So, they invest more and more and keep sinking in deeper and deeper.

This is a dangerous game you don’t ever want to play, so make sure you don’t even start your game strategy this way. Set a certain amount of money you’re willing to invest, and make sure that is the only money you can responsibly afford to lose. This way, if you lose it all, you’ll still be able to pay your bills, make rent, and take care of your regular obligations without feeling any pressure. If you make a profit, that’s great! Go ahead and invest some of that too.

Cryptocurrency Trading Hack #3: Use the right software/tool/trading platform

Up there with knowing what you’re doing is knowing which platform to do it on. The right platform will give you the best advantages when trading cryptocurrencies. You’d be amazed at what a difference a convenient and smooth mobile app makes. Other features to look out for when scouting platforms include what type of security the exchange offers, the exchange, trade, and deposit-withdrawal fees charged.

Cryptocurrency Trading Hack #4: Using the MACD Indicator for buy and sell signs

I think this is one of the best beginner’s strategies. MACD aka moving average convergence divergence scale is an indicator that follows the momentum of an asset based on the movement of two averages of the security’s price. It sounds much more complicated than it really is (and if you’ve never used it before, let B from Your Altcoins show you exactly how it’s done), but once you play around with it, you’ll see just how simple it is.

Basically, following the MACD indicator will show you when is the best time to sell your investments (it can also show you when is a good time to enter or not enter into an investment). There are different settings like you can micromanage down to every five minutes or let it go for days, so play around with it to see which ones you like best and which are most successful for you. Toggle the different timeframes, how often it displays, etc. until you find the groove that works for you.

Regardless of which settings you use, the MACD indicator will show you two lines, one showing the rise and one showing fall. If you follow these two trends, you’ll be able to see clearly when to sell to make the most profit. Try it out, you’ll be amazed at how easy this one is.

Cryptocurrency Trading Hack #5: Use Momentum

Momentum is a pretty simple concept: if things start going up, they keep going up. And when things start going down, they continue in that direction too. In general, the strategy works using this logic. Momentum says to buy a week after a currency experiences an upward trend (20% or more), and then sell a week or so later.

Of course, this isn’t always the case (see the next few hacks for a solution to this strategy loophole), there are plenty of times that assets will keep climbing and you’ll kick yourself for having sold, but at least you’ll make some profit off of the currency using this strategy. Plus, you’ll be really happy if the asset drops suddenly since you won’t have lost everything in one fell swoop.

I thought this was a great video for clarifying momentum. It’s only 15 minutes, but it explains the strategy pretty clearly. What’s more, this video is solidly backed by real research done by Yale University studies and findings. So, the information is really something you can take to the bank.

Cryptocurrency Trading Hack #6: Take profits…

One of the biggest mistakes that investors can make is not taking profits when they see a rise. It’s natural for you to want to hold out for a bigger gain, and that’s fine. But with such a volatile market and such rapidly moving changes, it’s just a bad idea to keep everything in for the big payout. If you want to see just how far you can ride the gravy train, by all means, go for it. Just do yourself a favor and take your profits out first.

If you’ve invested $1,000 and you see a rise, and your investment is now worth $1,200, take that $200 gain as your profit. Then if you want to leave the initial $1,000, you haven’t lost anything more than what you originally knew you could lose anyway. Either way, you’re still up $200!

Cryptocurrency Trading Hack #7: …But don’t take out everything

Ok, so you want to make sure you take out your profit before the asset loses its value, BUT you don’t want to take out everything, and that’s the next cryptocurrency trading hack. Basically, you want to take out your profit and leave the rest. Why? Because when an asset goes up in value, it’s the time to make your profit. Yay!

But there are so many times when a currency rises…and then continues to rise for quite some time. If you sold early on, you’ll be kicking yourself for months or even years that you didn’t hold out for a bigger slice of the pie. This CryptoLand video explains this concept really well, so if you want to learn more about it, check it out.

Cryptocurrency Trading Hack #8: Use MTP Properly

Modern Portfolio Theory (MPT) basically posits that you set aside a certain amount of money that you are willing to invest (i.e., lose) and buy an assortment of assets consistently regardless of the price. The reason this works is that the assets aren’t directly correlated, so you aren’t going to feel the pressure of all your assets moving in the same direction at one time. A good spread of assets could yield an excellent return over time.

The real hack here is to use MPT properly. That means diversifying your assets across markets, not just sticking to cryptomarkets. Why? Because all cryptocurrencies are too highly correlated right now to be considered varied enough to protect you against the risks.

Cryptocurrency Trading Hack #9: Breakouts

Breakouts are one of the most popular investment strategies (whether you’re buying low or selling high), and here’s a quick video that’ll tell you everything you need to know about it. Chris just has a personable air to him, but more importantly, he tells you all the right information in simple terms that anyone can understand. Plus, Chris actually makes trading sound like fun, so check it out!

Cryptocurrency Trading Hack #10: Make sure you’re secure

This last one also seems like a no-brainer, but you’d be amazed at how many people operate in this mode (scared face emoji!) Cryptocurrency trading is somewhat of a wild wild west of exchanges, and that means there are a lot of people looking to take advantage of you. There are plenty of built-in security features, but you’ve got to do your part to keep yourself and your investments safe too. When trading, make sure:

  • You have two-step authentication enabled
  • You’ve read up and are aware of phishing and email scams
  • You keep your cryptocurrency keys available (you forget your passwords, you’re screwed!)

With these ten hacks in hand, you can make a profit and really have some fun with this 21st-century investment trading opportunity. Go for it!

 

This is a guest post article by Sarah Pritzker first appeared on Youtubetomp3shark.com.