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Jpm Coin announced to be traded on private blockchain network. So what does private blockchain mean, how is it different from public blockchain networks?

What does blockchain mean?

Blockchain technology is the name of the indispensable technology that forms the basis of all kinds of crypto money.. All projects run on this base. We can say that blockchain is the meeting point of decentralization and anonymity.. But not every project has the same level of decentralization and anonymity.. One of the main factors in the variability of these two features is the type of blockchain chosen.

We see that this technology, which is still in its very early period, now includes JP Morgan, one of the world’s largest banking giants.. While JP Morgan will produce the cryptocurrency in its Ethereum “factory”, it will run its system on a private blockchain network.. So what is a private blockchain? Before answering this question, let’s take a look at the public blockchain.

What does public blockchain mean?

The public blockchain network is open source and accessible to anyone who wants to enter the system. Those who want to contribute to the network, all they have to do is open an account.. So anyone with an account can upload their data to blockchain ledgers.. Because these networks are public.. Since it is public, no single entity can modify transactions entered and verified on the blockchain.. Transactions are fixed by nature.

The working principle of public blockchains does not require permission. There is no central authority that you can get permission from.

The most famous blockchain network is the Bitcoin blockchain network, which hosts the largest cryptocurrency, as we all know.. The most popular network after this network belongs to Ethereum. Ethereum blockchain hosts over 80% of ICOs. In this respect, Ethereum has an irreplaceable place and labor in the crypto money world.. Cryptocurrencies created on the Ethereum network collect resources in ETH during the fundraising phase.. This has played a major role in increasing ETH prices.

Private blockchain What does it mean?

Private blockchain is similar to the public blockchain in terms of recording data and transactions in distributed ledgers.. However, in private blockchain networks, access is restricted and subject to permission.. There is one or more central parts that decide who can enter data.. Therefore, the information in the private blockchain network is not public, it cannot be accessed by anyone.

In this respect, it is declared that the private blockchain networks are central.. Unlike public blockchain networks, these networks do not follow the philosophy of decentralization.

JPM Coin will also be run on such a private blockchain network, not a public blockchain network.. The sole authority of the network will be JP Morgan.. Everything will be run under his supervision and oversight.

Private blockchains are popular with companies that do in-house transactions and logins.. Said to increase supply chain transparency and efficiency in areas such as finance, healthcare and manufacturing. There are also possibilities for customization.

Another form derived from a private blockchain network can be defined as a consortium blockchain.. It is possible to define a consortium blockchain as a hybrid form where multiple entities have the ability to verify transactions.

For more about JPM coin, Click

 Featured public blockchains

Public or public blockchains, as we mentioned above, developers who want to contribute to the network can make some updates to the blockchain network. Able to develop blockchain-based applications (Dapps) compatible with the network. Dapps industries have recently started to gain popularity and generate serious turnover.. So much so that electronics giant Samsung has started developing blockchain compatible mobile phone models.. Blockchain compatible Samsung mobile phones can be installed from the blockchain keystore.

Please See: Samsung supports 3 new Tron Dapps apps

General blockchain networks are followed with interest by China. So much so that the Ministry of Industry of China periodically publishes a ranking of the most successful public blockchain networks.. This index; China Blockchain Technology Evaluation Index (CBTAT). Calculates 3 sub-index values ​​for this index. The index is reached by adding these sub-indices.. These sub-indices are:

i- Technology

ii- Applicability

iii- Creativity

EOS, Ethereum and Tron are the first ones, respectively There are three rows. Bitcoin is in the 9th place.. We see the ranking in the table below.

Although the Bitcoin blockchain ranks 9th in the above ranking, its “creativity” score is 42.9. Bitcoin ranks first in creativity rankings. It is also noteworthy that blockchains such as China-based Neo, Qtum and Tezos are also in the ranking.

Source

Are crypto phone wallets reliable?

Professional investors always say, “Never invest more than you can afford to lose.” they say, but 39-year-old Didi Taihuttu doesn’t seem to have paid much attention to it.

Taihuttu is owned by herself and her family; he sold everything including house, car, clothes and even his kids toys and got Bitcoin. He now lives with his family in a tent camp in the Netherlands as he waits for his Bitcoin fortune to reach the moon.

‘Life is boring if you don’t take risks’

Taihuttu said:

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“People will say ‘You are crazy’ but we are an adventurous family and we will gamble for a while, life gets boring if you don’t take risks.”

Taihuttu; Bitcoin, digital currencies and Blockchain technology are revolutionizing money and banking, the future is here:

“The internet was a revolution for information. I think Blockchain and digital currencies are also revolutionizing the monetary system.”

This is not the first serious risk Taihuttu has taken in her life.. He sold everything before to travel the world with his wife and children.. Taihuttu stated that he started to learn more about digital currencies during this trip and met people who invested.

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Vladimir Smerkis of CoinTelegraph; Published weekly price analysis for Bitcoin, Ethereum and Litecoin:

Increasing trading volume for leading digital currencies means that the upward trend in prices may continue even if current prices do not change. So far, trading volume of ETH, BTC and other market leaders remains much lower than in the first half of September.

BTC/USD

–Bitcoin Resistance level rises above $4400 in .. In order for the price to reach historical levels, this level definitely needs to be passed.

-We can say that the nearest support level is between $4000-4100.. Short-term, speculative purchases are in this range.

-It is important for the bears to lower prices below $4000 and keep them in the $3000-4000 range.. In this case, many investors will think that no further growth of Bitcoin is expected in the near future.

ETH/USD

-ETH only managed to reach the mid $315 resistance level and slowly started to move towards the stronger $280 level. Speculative buying near this price is likely to have repercussions for investors.

-Once again, if the price drops below $280 and stays there long enough, it may take some time to return to the max.. The next targeted support levels are $250 and $200

The following resistance level in the $340 region is appropriate, and as another approach, this level can be understood as the start of a new surge in Ethereum price.

LTC/USD

Those who think LTC will make a quick recovery after falling in September will not be happy that LTC/USD is still trading at $51.

-LTC hits pretty high resistance levels at $55 or even $57. It is likely that these levels will not be able to be broken even in the event of the next bullish move.

-LTC has regained its deserved 5th in volume size but Dash’s next wave of growth will push ‘digital silver’ down in this rating.

Price movements between -$42-55 are still very likely. Caution is advised when the price reaches $45.

Bitcoin Statement from Ukraine

According to a recent study, Ripple, BAT and Dash cryptocurrencies have come to the fore among the altcoins that the crypto community has sought the most in the brutal bear market of 2018.

Ripple, BAT and DASH stand out

According to the research conducted by Uphold, it is concluded that the interest especially in BAT and Dash increased significantly between January 2018 and January 2019.

See: Maker- Why Dash and Zcash Should Be On Your Topic?

Uphold is a cloud-based real-time financial services platform that enables people to send and convert money or assets securely and free of charge.

See: What is Basic Attention Token (BAT)?

Although 2018 was extremely bad for the crypto market, Uphold experienced growth and carried the number of registered users to 1 million. The company also states that the number of transactions and wallets in this bear market has doubled compared to the previous year.

According to data revealed by Uphold, during the bear market, Ripple, BAT and Dash

Uphold’s blog points out,

“Dash grew by 281% and BAT by 183% during 2018. Ethereum grew by 70%, BTG by 54%, BTC by 41% and LTC by 24%.”

However, things get weird when compared to the previous year’s data. Because in this case, the biggest loss of holder number among the major cryptocurrencies has occurred in Bitcoin and Litecoin. Bitcoin has fallen from 60% to 40%, and Litecoin from 11% to 4%.

On the other hand, interest in XRP has increased in 2018. There is a 39% increase in the number of XRP holders compared to the previous year.

Bitcoin Breaks Record Again as Cryptocurrency Volume Reaches $170 Billion

According to the news of Nihat Uludağ from Habertürk; A gang of 5 people dressed as police and followed a businessman from Istanbul to his car.. Three of the gang members took the internet account passwords of the businessman, whom they forced into the car, with the threat of a gun.

The usurpers seized 450 Bitcoins worth 11 million TL in the account.. The businessman applied to the police, complaining that he was kept in the minibus for 8 hours by the extortionists and was subjected to violence. Fighting Branch Directorate teams organized Turkey’s first virtual money extortion operation against the gang. Detectives examined the surrounding security cameras.. The detectives, who technically followed the 5 extortionists they identified, pressed the button for the operation when they completed their preparations. in simultaneous raids, Bitcoin hijacker, G. S., I. O., U.. K., G.S.. and S. He caught Ö.. I. Ö. escaped while he was in prison on the charge of extortion, G.. It was learned that S. was also sentenced to 30 years in prison for the crime of extortion.

HE PROVIDED MARRIAGE THROUGH BITCOIN

I. It was learned that Ö. proposed to his fiancee after 450 Bitcoins worth 11 million TL were extorted.. Sharing those moments on his social media account, İbrahim Ö. made a proposal to marry his fiancee, accompanied by burning torches in the luxurious place he entered. It was learned that 3 different people in Esenler hijacked the mining devices used to produce Bitcoin.

Source: Hürriyet

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Crypto mining is going through a troublesome process.

In the last quarter of 2017, many people started to invest in crypto mining as a result of the continuous appreciation of currencies such as Ethereum, Bitcoin, Litecoin and Ripple.. While graphics cards with a market value of 1500 TL currently find buyers at astronomical prices of 3000 TL, many people do not realize how difficult crypto mining, especially crypto mining with video cards, goes through.

Coin prices are high.

As we have repeatedly reported, this is a situation that everyone knows.. Of course, we can say that the extreme fall in coin prices hit the crypto miners first.. Many people do not realize how risky an investment crypto mining is because they do not do the necessary research before starting crypto mining.. The main purpose of writing this article is actually I don’t think that the crypto mining craze should stop for a bit.

Difficulty levels are getting higher and higher!

The concept of “difficulty” is a bit confusing for you if you are not familiar with mining and mining terms. it could be. For your convenience, let me briefly tell you what the difficulty is.. For example, you can think of a neighborhood, let’s say that 100 people live in this neighborhood and 200 breads are consumed per day.. While you are the only grocery store in this neighborhood, the neighborhood who buys all the bread from you may be leaving you a good income.. However, when another grocery store opens in the neighborhood, you will be able to sell only 100 breads in your business, where you do not change your working hours and pay the same electricity/water bill.. Your income from selling 200 loaves of bread will now be halved. You will earn less and less money because there is no change in your job and your income decreases even though your expenses remain the same.. Here, the difficulty in crypto mining can be summarized as “opening a new grocery store in the neighborhood.”. If a single miner is mining alone, that miner will produce all the coins and have all the profits.. However, the more people start mining, the higher the number of coins per capita will be.. For example, if a graphics card was producing 1 ETH per day in September 2017, its production has now decreased to 0.4 ETH.. The only reason for this is that more and more people start mining, as we have explained at length above, and the maximum number of Ethereum to be produced per day remains constant.

Mining cannot make investment.

Because the difficulty level in crypto mining increases and the coin We mentioned above that the prices have dropped.. Of course, it is out of the question for people who currently have a device to pull the plug.. When you do not count the main investment and roughly calculate with the current coin prices and difficulty level, we can say that a miner earns about 3 times the amount of electricity he consumes.. However, it is worth mentioning one thing here, that many miners who have made a profit have bought the devices before the miner craze, that is, for half of the current device prices.

To summarize and summarize all we have written briefly;

• A device that produced 1 ETH in the last quarter of 2017 is currently producing 0.4 ETH (I can say the situation is almost the same for all other coins)
• Ethereum, which was $ 300 in the last quarter of 2017, is currently at $ 800.
• The current cost of a system that can be collected for 15,000 TL in the last quarter of 2017 is approximately 30,000TL

A miner earning an average of 300 dollars per month in the last quarter of 2017 is currently 320 TL on average. making dollars. So in about 5 months, earnings have only increased by 7%.. On the contrary, while product costs have almost doubled, the increase in electricity is around 8%. Considering that, I want to point out that crypto mining is no longer as lucrative as it was in the first “crazy” period.. Considering that especially the video cards used in mining have a lifespan of about 2 years, I can say that the devices purchased now hardly make their own investment.. Never forget that you should do your own research and act on your own ideas before investing.. Also, keep in mind that crypto mining is a risky business, and coin prices, difficulty levels and electricity costs should also be included in this equation.. After your research, it is entirely your personal decision whether to invest your money in such a business and I hope your investments will make you smile in the future.. Enjoyable earnings already.

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My Ekşi Sözlük account, which I have been using for many years, has been disabled.. I was surprised at first, then a little confused.. I finally found the reason. Ekşi’s stomachache was definitely different.

I don’t have business with anyone, I don’t get into political polemics.. On top of that, I’m not one of the authors who opened a survey title that made the dictionary disgrace.. Fits in accordance with the concept, I rarely start the article without a description.. My main goal is to follow the agenda. If not, all I do is share a news link once in a while.. Of course, if that is considered a fault… But the ruthless Ekşi Sözlük moderators don’t think that way.. When you catch someone’s eye, they close your account without even telling you a reason, without even explaining your mistake if there is any.. Before I knew what it was.

I told you… just in case I messed around a bit.. There could be two possibilities for the account to be disabled.. Either the Ekşi moderators were tampering with the authors’ messages and saw that I was asking some title owners to add links, or they didn’t want the sites they didn’t like to be cited as sources.. Honestly, the second option seems more likely to me.. Similar things happened to my friends.. For mods that can be said to have no tolerance limits, except for the links of certain sites.. In other words, it doesn’t matter that you are the author who has a definition here, that you enter informative entries, that you do not have even the slightest problem with anyone in the account you have been using for years.

Am I the one who blocked the dictionary?

Am I the one who blockaded the dictionary with the news link I shared a few times a month and the PMs I sent to a few people? Or are they chasing Ekşi Sözlük account for sale? Is it me who is blockading this business, not those who get paid to advertise on the site? Those who buy 10 dictionary accounts or increase the quality in a single trading transaction? Or are they the ones whose job is to open the versus power header? If so, here I am revealing, dear moderators.. Fly these authors from your sacred source of information…

1 – Username: Diyanet

The innocent author who gives the source of the “habermotto” site in almost all of his entries. The person at the mercy of the moderators.

2 – Username: Semion petrosyan

Innocent author who gives the source of the “gazetemanifesto” site in almost all his entries. The person who is at the mercy of the moderators.

3 – Username: Meftun2323

Innocent author who gives the source of the site “aykırı.com.tr” in most, if not all, of his entries. The one at the mercy of the moderators.

These are the ones I found in a snap. If I spend some time, this list would go on by morning.. I’m not even saying that one of his two entries is T24 and OdaTV.. Because they are blessed by the Divine Source of Knowledge. Those who have immunity.

What I want to say finally is that; My account, for which I worked, spent years, and did not fight with anyone, was closed without the slightest explanation.

I can accept that everyone works according to an algorithm, but I don’t think it’s right for Ekşi to blow it up without an explanation, even if you’re not an author.

Unbelievable claim about Poloniex!

The start of distance education after the coronavirus pandemic brought many campaigns with it. In particular, thousands of citizens supported the “Let’s Go Now” campaign initiated by Acun Ilıcalı, while Yurtiçi Kargo cooperated with Kadıköy Municipality and rolled up its sleeves to deliver computers to students

One Computer +1 Future

Announcing the “One Computer +1 Future” campaign on their social media accounts, Yurtiçi Cargo said, “We support the One Computer +1 Future Campaign so that our students do not stay away from their classes. You can send your new and second-hand computers from any of our branches to Kadıköy Municipality free of charge to distribute them to those in need.”

We support the One Computer +1 Future Campaign so that our students do not stay away from their classes.
You can send your new and second-hand computers from any of our branches to Kadıköy Municipality free of charge to distribute them to those in need. @kadikoybelediye pic.twitter.com/RUdvxy9JWL

— Yurtiçi Kargo (@YurticiKargo) September 21, 2020

What you need to do to support the campaign

You can pack the computers and deliver them to the nearest branch of Yurtiçi Kargo.

What should be written in order for the cargo to reach the correct address;

Customer code: 694586895

Recipient Name: Kadıköy Belediyesi / One computer one future campaign

Address: Hasanpaşa Mah. Fahrettin Kerim Gokay Cad. No:2 Kadıköy Municipality Front Presidency Unit Public Relations Kadıköy / İstanbul

Payment type: Buyer payment

Western Union Will Work With Coinbase!

The latest claims about Bitcoin show that cryptocurrencies can enter a positive process. No matter how much the decrease in the crypto money market volume, no matter how much the crypto money falls, the future expectation is still more psychologically positive for some or even the majority of the investors, because the investments have the potential to increase, there will be increases in Bitcoin in a short time. It is expected to occur.

The main expectation of investors is that crypto money will not be stable, but will experience instant rises and reach a level and level that will allow them to make more profits, just like in the stock market.

The rise will continue.

The allegations show that despite the declines experienced in this period, Bitcoin is in favor of the continuation of the rises in the future. While it is a matter of curiosity how much cryptocurrencies will increase in the full sense, it may be a harbinger that we will hear new developments about Bitcoin frequently in the next 365 days, that is, within 1 year. It goes down in history as exciting developments.

How to use LocalBitcoins – Using LocalBitcoins step by step

People are struggling with hunger in Venezuela due to the huge rate of hyperinflation. The country’s economy is getting worse day by day.

This bad situation in the economy has led people to abandon the local currency and use Bitcoin. The government plans to create its own digital currency as a last resort to improve the economic situation. It remains to be seen whether this measure will be successful.

A symposium held at the beginning of the week brought together government representatives, bank officials and experts from the private sector. The idea of ​​developing a national digital currency was discussed at the conference. One of the local Blockchain firms, Onixcoin, is collaborating with the country’s central bank on this.

No one is willing to give life to Venezuela’s dire economy amid continued hyperinflation, food shortages and social unrest. He cannot deny that he needs new ways. The central bank’s idea of ​​digital currency is extremely important to stave off economic troubles.

Bitcoin Breaks Record Again as Cryptocurrency Volume Reaches $170 Billion