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Sources claim that Samsung recently signed a key deal with a Russian company called Baikal, which specializes in Bitcoin mining hardware. According to the news on The Korea Herald, Samsung has made an agreement with the Russian company Baikal on chip production.

Samsung will start work

Samsung, Baikal will start working to supply the 14 nm ASIC chip required for the new mining system. It is said that the company will start mass production in January 2018, when it tests the first chip samples.

ASIC PROCESSORS

Asic processors are specially prepared for certain uses. These processors are often used to mine cryptocurrencies and decrypt Bitcoin blocks. ASICs, which consume less energy than basic mining devices, are also very advantageous in this respect. In addition, South Korea is recognized as one of the world’s top five markets for hardware mining.

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Crypto wallets are joining the caravan of decentralized services thanks to blockchain technology.. In the near future, we may start to hear the term social recovery wallet more often.

Russian-Canadian origin Vitalik Buterin, one of the founders of Ethereum, said that social recovery wallets (social recovery wallets) strong>), explained that it will help new entrants feel safe in a world where everyone wants to have their own bank.. Ethereum founder Vitalik Buterin is aware of the responsibility of developing a product that has the potential to revolutionize world finance.. Especially if the business is on the way for people to create their own bank…

In a January 11 Blog post, Vitalik expressed his opinion on the importance of developing methods that allow users to recover the private keys of their digital wallets in case of emergency.. This is impossible today without the help of trusted third parties.

What happens if you lose your key password?

What is a Social Recovery Wallet?

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Social recovery wallets work just like a regular digital wallet, but these wallets also use parents for syncing. Parents are a group of people. If the original owner of the wallet somehow forgets or loses his key, they are able to allow access again at his request.. How? Nice idea, isn’t it?

These third party parties can ideally be set up to be anonymous to each other. This may pose a risk for the original wallet owner and may prevent parents from communicating with each other.. The original wallet owner can contact each of the parents separately, and none of them will ever know the real key.

How does a social wallet work? Original graphic was taken from Vitalik.ca and edited.

According to Vitalik Buterin, this solution is simpler and safer. Even from the use of multi-signature wallets.

If a user loses their signing key, that’s where social recovery comes into play.. The user somehow reaches his parents and asks them to create a new public key specific to the current private transaction, which is recorded in the contract in his wallet.. This is actually very easy: They will just visit a web page such as security.loopring.io, log in, see the recovery request and sign it. It will be as easy as doing a Uniswap for each one.

Why Do We Need Social Recovery Wallets?

Due to the nature of decentralization, the storage and use of any cryptocurrency must be the sole and exclusive responsibility of the individual.. Although this means that every person has their own bank, in the end, the existence of these conditions poses a risk for most users, especially new users.. New users are more prone to lose their keys.

There are many things before us, from novices to Peter Schiff, to experts like Stefan Thomas, CEO of Coil, forgetting her password. there are many examples. So much so that Stefan Thomas has only two rights left to access his wallet containing 220 million Bitcoins without losing them all forever.

See: If he enters the wrong password, 220 million dollars of BTC will be lost!

This is unacceptable, according to Buterin.

“Despite loss and theft of passwords, the 12-step tutorials are lightweight, not very secure. A system that includes precautionary measures and solutions that sarcastically answer “we apologize for your loss” should not be adopted this much anymore”

Will these wallets be a part of the future?

Despite the promises, social recovery wallets are still not very popular in the crypto-universe. Major manufacturers and developers are still not convinced of the functionality of this solution.

After all, perhaps only one major company relies on this technology: HTC. The company’s Zion Wallet solution allows its users to select a certain number of parents and to communicate via e-mail in case of emergency.

The social recovery feature of Zion Wallet

Vitalik Buterin recommends Argent Wallet and Loopring applications. Because among others, it means that the user experience is more comfortable.

In this case, it may not be a bad idea to at least try these applications.. At least, as long as Bitcoin users continue to feel comfortable having their own bank before they have a problem.

Source

The best Bitcoin wallets of 2021

The effect of the coronavirus, which emerged in Wuhan, China, and then spread rapidly all over the world, continues. While the coronavirus epidemic, which broke out for the first time in December 2019 and spread rapidly, was brought under control in Turkey and throughout the world in the summer months, it started to rise again with the reduction of the measures and the arrival of winter. In this context, while measures have been increased in Turkey and around the world, banking institutions have started to change their working hours as part of the fight against coronavirus. Following Garanti, which announced that it had changed its working hours the other day, Akbank also made important statements about its Istanbul branches. announced that it will serve between 10.00-12.30 and 13.30-17.00 from now on.

The following statements were made in the statement made by Akbank: We change the hours. You can perform your transactions through Akbank Mobile, Akbank Internet, our Customer Communication Center at 444 25 25 and ATMs.”

Sabancı family launched a shopping website where women entrepreneurs come together. Trendyol, Gittigidiyor, Hepsiburada, Shopstarwomen.com, which rivals e-commerce giants such as n11, gathers women entrepreneurs. The shopping site, which was brought to life by Demet Sabancı Çetindoğan, contains many products from local products that have become global brands.

It also organizes touristic trips.

In addition to the sale of local products such as tomato paste, tarhana and writing, which are local products of Turkey, the site, which includes many categories such as bags and home accessories, also organizes touristic trips to the regions where its sellers are located. Çetindoğan stated that the purpose of these trips is to bring buyers and sellers together. The site, which aims to contribute not only to e-commerce but also to tourism, will serve only in Turkey for now. Expressing that they have plans to make promotions in places where Turkish TV series are watched and their products are curious in some parts of Europe and America in the future, Çetindoğan emphasized that there is a lot of interest in Turkey’s local products. The site, which started sales with nearly 3 thousand products in 30 cities, will also be opened abroad at the end of 1.5 months.

Yemeksepeti.com founder and CEO Nevzat Aydın announced on his Twitter account that 20 million TL will be given to tradesmen who are suffering from economic difficulties due to Kovid-19. In addition, no commission will be charged for payments made with Yemeksepeti Wallet, and payment periods to restaurants will be halved, ie 15 days, at no extra cost

Nevzat Aydın’s tweets:

Our restaurants, especially with one branch Our neighborhood restaurants are going through tough times. We are announcing a 20 Million TL package to support them in this difficult time.

No commission will be charged for payments made with Yemeksepeti Wallet. Users who want to support restaurants, please pay for their orders in this way.

No commission will be charged for our newly launched Take-To-Take orders – the model where you place the order and receive it from the restaurant.

There will be no listing fee until the end of this indefinite period.

Payment periods to restaurants have been halved, ie 15 days, at no extra cost to them.

Appreciated

Yemeksepeti.com’s announcement of a support package of 20 million TL for tradesmen who are having a hard time and that commissions will not be charged were also appreciated by Twitter users. While many citizens congratulated Yemeksepeti’s decision, they said, “Mr. Nevzat Aydın, I would like to congratulate you for this support that keeps commercial ethics and good manners alive. It will be an important step for the revival of this value, which attaches importance to every link of the chain in our trade…”.

Virtual currency Bitcoin producers, which have been keeping the world’s agenda busy recently, clamped down on the Southeast Anatolian Region.. In the region where the use of illegal electricity is extremely high, the teams who received the notice that Bitcoin was produced, carried out transactions to houses that use electricity almost as much as a factory. fluffed up. Those who need intensive electricity and equipped computers for production set their eyes on the Southeastern Anatolia Region, where illegal electricity is used extensively.. Bitcoiners, called “miner”, who carry out transactions especially in rural areas, started to produce Bitcoin by consuming the electricity consumed by a factory. citizens shot. After the Dicle Electricity Distribution Corporation (DEDAS) was informed that Bitcoin was produced using illegal electricity, the teams tightened their inspections.. In the places where the notification was made, transactions were made in homes and workplaces that consume almost as much electricity as a factory.

Bitcoin producers team of 300 people

DEDAŞ Field Management Director Hasan Miroğlu made a number of statements.. Miroğlu said that they have installed remote reading systems for more than 300 thousand subscribers in order to see where the leakage electricity occurs by using their technical facilities in the field.. Miroğlu said, “In this way, we have been recording a serious decrease in the use of illegal electricity since last year.. Our main goal is to prevent leakage and to provide quality energy to our customers while preventing it.. We have a team of 300 people and we have 2-3 teams with the number of vehicles in each team. Where there is a sudden increase in load or suspected leakage, we can see them pointwise and we are in a position to intervene instantly,” he said.

“Sudden shots. Pointing out that they do not ignore the notices made on Bitcoin, Miroğlu continued: “Just as a factory is a production source for us, this Bitcoin uses systems that draw so much energy.. For this reason, we especially control our systems where large transformers are directly connected.. Reports like this have started to come in intense lately.. We interfere with them in the same way as we do our other struggles about it.. We treat those who come as a report about Bitcoin, but there is something like this, we do not have the authority and opportunity to go inside and see what people are producing, we do not know what is being done inside.”

Miroğlu, “But such a large electricity draw Whatever the places are, we show the same treatment to such reports as we treat others.. There is a possibility that these may occur in places where we have detected such sudden changes in the countryside.. There are such sudden increases in traction in rural areas, where we do not expect them, and we intervene in them in the same way.”

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There was a high-level separation at Mektebim College under the umbrella of Sancak Group, which has attracted attention with the investments it has made in the education sector in recent years. Servet Özkök, who has been the General Manager of the College for about 1.5 years, resigned

The leaf fall continues at my school strong>

After being founded by Ümit Kalko in 2011, Mektebim College has made a splash in the sector and succeeded to be in the top class. Mine Akın Ezedin, who was the primary school and pre-school coordinator of the college, left her job in the past weeks. Today, Servet Özkök, who has been the General Manager for about 1.5 years, announced that he is leaving the institution. While news of separation came from educational institutions that had difficulty in surviving due to the difficulties brought by the pandemic to the sector, Özkök finally joined the ring. Announcing the separation on his Twitter account, Servet Özkök said, “As of today, I am leaving the Mektebim family, where I have worked with pleasure and enthusiasm for about 1.5 years, with great affection for everyone I have worked with and met during this process. I wish everyone to have good roads in front of them…” he said.

North Korean leader Kim Jong Un may be one of the main reasons for the rapid acceleration of Bitcoin in recent years, according to some experts in the cryptocurrency market.

However, the government is known to finance defense spending in a variety of ways, including drug trafficking and animal exports.. In addition to these, it is claimed that the regime also uses cryptocurrencies to finance these expenditures. he can finance his activities with the money he earns from his manipulation by downloading it.

They were held responsible for the attacks on Bitcoin exchanges in South Korea

Many Southern states including Bithumb, the largest and most popular exchange in the region in 2017 Korean cryptocurrency exchange victim of hack attacks. The latest victim, Youbit, declared bankruptcy after losing 1 in 5 cryptocurrencies after the attack.

Cybersecurity experts believe that North Korea is responsible for these attacks.. If North Korea is responsible for most of these attacks and price volatility, there might be an alarming idea that the current values ​​of cryptocurrencies are almost entirely triggered by the regime. played an important role in the success of the digital currency ecosystem.

Finally, a few months ago, allegations were made that the North Korean government was mining Bitcoin.

What do you think? Do you think the North Korean government is really responsible for the price volatility in Bitcoin? Share your views with us in the comment section below.

Picolo Research, which conducts independent research on ICO and Blockchain Initiatives, has published its new research report on Elrond (EGLD).

Full report at this link You can reach https://bit.ly/351YIgj.

In the report titled An Independent Review of Elrond (EGLD), it is mentioned that Maiar and Elrond’s ecosystem is growing fast and creating a new architecture.

It is stated that a public blockchain with adaptive state sharing technology (Adaptive State Sharding) and Secure Proof of Stake consensus (sPoS) enables a scalable ecosystem embedded with interconnectivity while maintaining decentralization, security and fairness.

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Since the last report by Picolo Research in January 2020, more than 1.2 million transactions and 80,000 accounts have been created on the Elrond Mainnet and a new token model has been adopted.. (1,000 ERD=1 EGLD) The previous price target was to achieve a return of more than 750% within one year.

The year 2020 has achieved many important milestones for Elrond, ensuring a place among high-end large-scale projects. In the research, which stated that it was a successful year, a potential price target was determined for Elrond in 2021.

• The target price of $68.24, which represents an upper potential of 212%,

• EGLD High-stake rewards and upcoming DeFi initiatives as key drivers for value growth

• Launch of global payments app Maiar to create a significant headwind for broad adoption and growth.

Elrond will be part of the Bonded Finance index basket as it positions itself to gain more market share among the first layer (Layer 1) protocols. Decentralized derivatives platform Injective Protocol and Orion are jointly exploring how Elrond’s technology can leverage trading platforms as they introduce new derivatives products for EGLD. It will be able to interact with other major blockchains such as Ontology and Cosmos (via Poly Network) or use stablecoin and Ethereum-based DeFi contracts on Elrond (via xDai stake). Comprehensive analyzes of Elrond are included in the report, saying that it will not only provide more benefit value, but also increase Elrond’s presence in the DeFi field.

You can access the full report from this link https://bit.ly/351YIgj and Elrond You can learn more about.

Cryptocurrency entrepreneur and Tenx founder Julian Hosp stated in his CNBC broadcast that the rapid rise in Bitcoin prices is not over yet, but there is something in it.. Hosp, the founder of a company that aims to make it easier to spend virtual money called TenX, said:. “I think the Bitcoin price will reach the $60,000 mark, but we will also see Bitcoin drop to $5,000,” he said.

Is the price of Bitcoin really $60,000?

Which of the matter comes first? Hosp, who said that it will happen, pointed out that the price of Bitcoin, which is currently around $ 15 thousand, would fluctuate by $ 45 thousand or collapse by $ 10 thousand.

As it will be remembered, Bitcoin prices reached 20 thousand dollars in mid-December, but lost one third of its value in one day and decreased to 12 thousand dollars.. The price of Bitcoin is $ 15,205 as of 15:30.

Speaking to the CNBC program called Squawk Box, Hosp also stated that the experts in the market welcome such decreases and even watch for such crashes.

This landing is very very healthy for us and some of us are using it to buy a little more. Because it’s kind of like you suddenly got a 40-45 percent discount.
Hosp said that the bitcoin price will definitely experience sudden drops in some periods, if not now, but the chart will be up in the long run.. He also added that he would fall a little in the meantime.

Is Winter Coming?

You know the phrase “winter is coming”, which has become a classic as a harbinger of difficulties in the Game of Thrones series.. Responding to the claims that the Bitcoin bubble, which was started to be expressed through this sentence, is at the door, Hosp said: “Winter will come sooner or later,” emphasizing that this does not seem likely in the next few months, but that after a year or two, a serious squeeze in the market will be inevitable.

Hosp made another important claim. He pointed out that not Bitcoin itself, but the interest in it, is similar to the dotcom bubble of 20 years ago and that all coins are likely to consolidate in the future.. But all coins and assets with little use will dissolve and find their real value.
Although Hosp does not share his opinion on which coin instruments will last the longest, he likened Bitcoin to digital gold.. However, he said that its use in daily life will be limited.

TenX founder Julian Hosp is holding conferences on blockchain and cryptocurrencies around the world.. He also has a best-selling book.. Hosp, 31, is a medical doctor by profession.

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