Stellar Lumens (XLM) Forum with for newcomers and contributor's rewarded Check here

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The Bank of England is Entertaining its Own Official Cryptocurrency

As originally reported by The Telegraph, the Bank of England may approve the creation of a state-sponsored cryptocurrency within the year. Just last year, the bank announced it had commissioned a theoretical currency, RS Coin, which could be used by central banks to settle payments.

Now, England’s central bank is upping the ante, looking to make its theoretical concept into a viable reality.

A research team vetted by the Bank has been studying the possibility of a central bank-issued cryptocurrency since 2015.  In order to avert the volatility that has come to define Bitcoin, the cryptocurrency would be backed by the Bank of England and tethered to the pound sterling, Great Britain’s national currency. The Bank anticipates the research unit to report back sometime in 2018 with their findings.

Before the Christmas holiday, Dr. Mark Carney, Governor of the Bank of England, made the case for a central bank-backed cryptocurrency to England’s Treasury Select Committee.  Defending the idea, he stated that “The underlying technology is actually of a fair bit of interest. We are working with it at the Bank of England.”

“I have participated in discussions with the major central banks on this issue,” he continued, saying that such talks would resume in the new year.  He also revealed that, over the summer, the Bank successfully transacted with another central bank using blockchain technology.

According to Dr. Carney, there are clear positives to using blockchain technology for central banking practices.  “You don’t end up with those financial stability risks; you get financial stability benefits. And you save huge amounts of computational energy intensity,” he argued.

The Governor also added that the Bank and its research unit are “disciplined” in their approach. “If we’re going to apply something to the core of the system, it’s going to need to meet five sigma quality rating.”

If the trials are successful enough for actual adoption, a cryptocurrency banking option could pave the way for near instantaneous payments for cars, land, houses, and other key assets.

Still, Dr. Carney was careful to address the limitations of a central bank-backed cryptocurrency.  One such weak point, he believes, is solvency if the currency were introduced on a widespread, public scale.

Such adoption may “create a situation where you can have an instantaneous [bank] run.”  Further, if users were to deposit all of their cryptocurrency into the Bank of England, it would need to reconcile the best way to diversify its investments with these assets.  “So there are some fundamental problems if you push the retail design all the way down, unless you restrict the amount that people have.”

England Joins the Queue for State Sponsored Crypto

This revelation makes England the latest in an expanding list of countries that have either entertained or approved their own cryptocurrencies.

Recently, Israel announced its own plans for the digital shekel, the Israeli central bank’s solution to combating black market purchases that comprise just over 20% of Israel’s GDP.

Back in October, Vladimir Putin put Russia on the map as the first country to announce official plans for its own state-issued cryptocurrency, the digital ruble.  Apparently, Russia is entertaining the cryptoruble as a means to circumvent international sanctions.  Venezuela has announced their own cryptocurrency in a similar attempt to mitigate the impact of sanctions from the United States.  Some months ago, President Nicolas Maduro unveiled the petro, a national cryptocurrency backed by Venezuelan oil reserves.

As England moves forward with its own plans, they will likely face criticism from the cryptocurrency community for introducing centralization to what was intended as a decentralized payment option. Industry leader Vitalki Buterin already expressed doubts earlier this year of central banks creating their  cryptocurrencies.  If the sterling-pegged currency is specific to the Bank of England, expect retail banks to raise cane, as well, as the move will likely threaten their costumer share of England’s banking populace.
Featured image from Shutterstock.

Read More Read More, Posted by: faishal77
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Putin Adviser Says ‘CryptoRuble’ Will Circumvent Sanctions, Government Remains Divided

At a recent government meeting, Sergei Glazyev, economic adviser to President Putin, said the ‘CryptoRuble’ could help alleviate the pressure of Western sanctions, The Financial Times reported Monday. However, there is still no unified official stance from the Russian government on the question of issuing a national digital currency.

The Russian CryptoRuble is essentially a digital ruble — a government-issued digital currency accepted as legal tender.
According to FT, Glazyev stated that a government-controlled cryptocurrency like the CryptoRuble would help Russia disregard Western sanctions:
Quote:“This instrument suits us very well for sensitive activity on behalf of the state. We can settle accounts with our counterparties all over the world with no regard for sanctions.”
A divided front
Glazyev’s positive stance on the CryptoRuble is the latest position in the ongoing back and forth on the topic within the Russian government.
According to Russian news agency TASS, during a Dec. 28 meeting on legislation for digital currencies in Russia, government officials spoke negatively about the CryptoRuble.
Both the Deputy Minister of Finance Alexey Moiseev and first Deputy Governor of Russia’s Central Bank, Olga Skorobogatova, stated that they did not see a need for issuing a national digital currency.
However, in June 2017 at the St. Petersburg International Economic Forum, Skorobogatova held the opposite position, saying:
Quote:“We will definitely get to a virtual national currency, we’ve already started working on it.”
Not a new question
The Russian government has been publicly discussing the idea of a government-issued digital currency as legal tender as far back as 2015. Originally, Qiwi, a publicly traded Russian payment service provider, initiated the idea for a Russian national cryptocurrency called ‘BitRuble.’
The Russian State Duma has an official working group in place that looks at cryptocurrency risks and regulations. Though there have been reports about possible outright cryptocurrency bans in Russia in the past, the government’s official stance remains unclear, leaning toward regulation of digital currency use.
Photo via Pixabay
Source: Cointelegraph

Read More Read More, Posted by: faishal77
Ane mau nanya ama brother and sister disini kenapa fee kirim BTC di Vip kok mahal ya? Barangkali ada yang tahu tempat lain yg lebih kecil fee nya, matur thanks you.

Read More Read More, Posted by: sicoco
yang dimaksud adress public key yang mana ya ? terus nampilinnya dari mana ? soalnya mau ikutan give away

Read More Read More, Posted by: Cefriandy
Stellar Lumens adalah kripto yang dibuat oleh tim pengembang pada tahun 2014. Co-yang didirikan oleh Mt Gox dan Ripple's Jed McCaleb, Stellar Lumens adalah jaringan sumber terbuka yang memungkinkan pembayaran antar institusi keuangan. Ini juga akan memungkinkan "pertukaran mata uang antar negara yang mulus, dan membiarkan siapa pun membangun layanan keuangan berbiaya rendah." Stellar akan mengizinkan bank terhubung ke perusahaan pengiriman uang dan platform pembayaran seperti M-Pesa, meningkatkan jangkauan dan skala lembaga keuangan, kata McCaleb dalam siaran pers baru-baru ini.

Bagaimana cara kerja Stellar Lumens?

Stellar memungkinkan pembayaran yang awalnya didenominasi dalam mata uang fiat, namun juga memiliki mata uang digital pribadinya sendiri yang disebut Lumens - XLM. Pengembang memilih nama ini untuk membedakannya dari jaringan Stellar itu sendiri. Lumens berfungsi sebagai "token keamanan" terhadap serangan DDoS karena jaringan Stellar mengharuskan pengguna untuk mengeluarkan sejumlah kecil Lumens - 0.00001 XLM - untuk mentransfer mata uang fiat. Dengan cara ini, Lumens bertindak sebagai jembatan dengan tujuan memfasilitasi perdagangan untuk pasangan mata uang dimana pasar lebih kecil atau kurang likuid.
Persyaratan dan Karakter Stellar lainnya
Selain itu, rantai Stellar mengharuskan semua pengguna untuk memegang minimal 20 Lumens di setiap akun tunggal untuk memastikannya autentik dan mempertahankan arus transaksi tanpa batas. The Stellar Lumens Consensus Protocol - SCP - menyediakan sistem untuk mencapai konsensus tanpa bergantung pada sistem tertutup yang mencatat transaksi Lumens. Oleh karena itu, Stellar Lumens tidak bergantung pada Bukti Karya (PoW) atau Proof of Stake (PoS) untuk mengamankan blockchain-nya. Sebagai gantinya, jaringan bergantung pada sistem kesepakatan Bizantium. Untuk melengkapi sistem tersebut, para pengembang jaringan membuat Lumens menjadi mata uang inflasi dengan tingkat kenaikan tetap sebesar 1% per tahun.

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Ini secara efektif memungkinkan SCP memberikan beberapa keuntungan yang tidak tersedia pada jaringan blokir PoW atau PoS:
Kontrol yang terdesentralisasi.

Latency rendah

Kepercayaan yang fleksibel

Keamanan asimtotik

Federasi Byzantine Agreement atau FBA
Ini menghasilkan sebuah sistem yang dikenal sebagai Federasi Byzantine Agreement atau FBA. Pengaturan ini menyediakan kuorum khusus, atau kelompok simpul yang diperlukan untuk mencapai kesepakatan dan membuat konsensus di dalam sistem, sebuah konsensus terdistribusi. Setiap simpul memiliki hak untuk memutuskan mana yang harus dipercaya, sehingga mereka tidak perlu bergantung pada peserta terpercaya yang sama untuk mencapai konsensus.
Nilai dan Harga Stellar Lumens
Pada waktu tekan, Harga Lumens adalah $ 0,037729 USD sesuai dengan Coinmarketcap, dengan volume 24h sebesar $ 24,846,200. Pada tanggal 4 Mei, harga naik sekitar 45%, dan pada tanggal 8 Mei Lumens memecahkan peringkat 10 besar mata uang digital, dengan kenaikan yang luar biasa sebesar 131,08%. Alasan untuk penentuan waktu laju pertumbuhan ini tidak diketahui. Mungkin karena semua kripto yang lain juga naik, jadi spekulan mungkin telah memutuskan untuk melakukan diversifikasi investasi mereka, berinvestasi pada kripto ini. Ini tentu saja menempatkan jaringan Stellar Lumens di peta, dan tampaknya merupakan pilihan yang baik bagi penggemar kriptocurrency yang mencari mata uang inflasi dan tidak percaya diri, yang dapat menghindari kekurangan sistem PoW dan PoS yang diketahui.
Klik di sini untuk membaca lebih lanjut tentang Stellar Lumens.
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Amelia Tomasicchio
Wartawan dan manajer media sosial untuk news blockchain dan fintech startups. Saya mulai menulis tentang Bitcoin pada tahun 2014 setelah lulus dengan jurusan Literatur di Roma. Saya juga banyak menulis tentang industri film dan bitcoin, dua topik favor
it saya.

Read More Read More, Posted by: Desy ndut
XLM the next digital coin after bitcoin. So for newbie c'mon buy and hold xlm and sell with high profit

Read More Read More, Posted by: richard99
like title, please taught me how to get 20 str :Sad i have 2000 account have 20 in there.
Thanks so much

Read More Read More, Posted by: kendyidolstudent
Apologies for the long read but I'm trying to make a sound case

A preface:

Cryptocurrency is a collection of micro pyramid schemes contained within one overarching pyramid scheme. We only buy them in the hopes that there will be a bigger sucker who will pay more.

Some of these technologies may prove integral in the coming years, but their current valuations are entirely speculative and hyperinflated.

All of you missed (or sold/lost) bitcoin. Most of you missed Ethereum. You can try to gamble on the next big shitcoin. I can even recommend a few. But what I offer to you is much less speculative. You don't need chart reading ability, nor is your wealth wholly at the mercy of an irrational markets. You get what you put into this.

Most of you are familiar with coinbase. Surely some have ventured into bittrex, binance, and poloniex. Binance exchange is only 5 months old. And it has already become the rank 2 exchange for volume. They handle 2-3 billion dollars of trades everyday. Why? They have amazing customer support, great token selection, a mildly profitable referral system, and the BNB token. It is their proprietary token. BNB token cuts trading fees in half. None of the other archaic exchanges have any features like this, hence why they are falling behind.

Enter Binance 2.0 - KuCoin Exchange.

Chinese based exchange that was just created one month ago. Superior to Binance in all facets. Great customer service, bank-tier encryption (high security), good UI, and an even better referral program.


If someone uses your referral link when they sign up to KuCoin, you will receive 20% of their trading fees. This extends to 3 degrees of separation. Meaning if they refer someone, you will also incur a small portion of that person's fees. Repeat once more.

Why would someone use some Chinese exchange called KuCoin? It is going to rival Binance in the very near future.Much of Binance's popularity comes from their BNB token. KuCoin has a much better version of the BNB token. Anyone who holds KuCoinShares (KCS Token) will receive dividends of the exchange's trading fees. 90% of KuCoin's trading fees go to customers. 50% to KCS holders and the rest to referrals. Right now KuCoin exchange only handles 30m in daily volume. Binance went from 30m to 3b in just several months. And KuCoin is better in every way. If you hold 10,000 dollars worth of KCS you will receive 100 dollars per day in dividends if the exchange reaches Binance levels of trading volume. Not to mention, the value of KCS is expected to rise exponentially as the exchange grows.


It means you sign up on KuCoin and start peddling this exchange to crypto noobs. Give them your referral link. This is your opportunity to get in on the ground floor of an MLM pyramid scheme. It will not collapse because this will soon be one of the best exchanges. Daily volume is rapidly increasing.

Even people who are relatively well versed in crypto are unaware of KuCoin exchange. When you signup I highly recommend buying some KCS so you can begin receiving dividends.

And yes, I'm giving you my referral link. It doesn't cost you anything. If you show me that you used my link I will airdrop you some tokens and give you any trading advice you want.

I know people who have made 100k+ in two months just from referring people on binance, despite not knowing anything about trading. The KuCoin referral program is far more profitable and this is just the beginning.

Forgot to add why the exchange is valuable in the first place- they have low market cap coins that are then picked up by Binance. This has happened time and time again and another occurrence is rumored for later this week. PRL is supposedly being picked up by Binance and has been booming in the past couple hours because of these rumors. If this does happen this is how moon missions occur. You buy a low market cap coin that easily 50x with any slight adoption by the community. Profit like this simply does not exist on Binance.

Read More Read More, Posted by: pratikkumar411
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NiceHash CEO Quits After 4,000 BTC Hack, Service To Continue Work

Slovenian mining service NiceHash has swapped CEOs several weeks after hackers stole Bitcoins worth around $63 mln in 2017’s last major attack.
After the embattled platform relaunched Dec. 22, local news media reported original CEO Marko Kobal had left, himself confirming on LinkedIn:

Quote:“As you are aware, since the recent security breach we at NiceHash have been working round the clock to rebuild our internal systems as well as management structure. I shall now stand aside and allow new management to lead the organization through its next, exciting period of growth – therefore I decided to resign as CEO of NiceHash.”

The total spoils from the NiceHash hack reached 4,000 BTC. Despite the severity of the attack, Kobal appeared confident the service would continue to operate in the same capacity.
2017 has seen a continuation of the infrequent yet poignant major hacking attempts hit well-known entities in the cryptocurrency industry, notably exchanges. Korea’s Youbit became the most recent victim, declaring bankruptcy after hackers stole funds amounting to 17 percent of its net asset value.
Speaking to Bloomberg in December, Blockchain CEO Peter Smith said the industry was overduea major hack.

Source William Suberg

Read More Read More, Posted by: faishal77
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The Rise of Altcoins: Bitcoin Dominance Index Drops to All-Time Low at 37.7%

The dominance index of bitcoin, which measures the dominance of bitcoin over the global cryptocurrency market, has fallen to an all-time low at 37.7 percent, as altcoins surged in value.

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Bitcoin’s Dominance Index Lowers

Throughout 2017, the dominance index of bitcoin has dropped from 90 percent to 37.7 percent, primarily due to the rising popularity and adoption of alternative cryptocurrencies. Some currencies like Ethereum, Ripple, and Litecoin have risen by at least 50-fold over the past year, with Ripple demonstrating a staggering 330-fold increase in value.

Experts such as ShapeShift CEO Erik Voorhees noted that the high transaction fees have largely fueled the growth of alternative cryptocurrencies, as it has become difficult to process small payments using bitcoin.

Quote:“Fellow Bitcoiners, are you ever going to realize how problematic these fees are getting? Average fees now over $40 per transaction. A year ago avg fee was $4. A year prior, $0.40. Growing faster than price, and exponentially with usage. We just spent $4800 to move 15 BTC in one transaction,” said Voorhees.

In a response to a statement from a member of the bitcoin community, Voorhees emphasized that alternative cryptocurrencies have become viable options to process cheaper payments. “Like Litecoin, Dash, ETH or BCH… chains that still work as peer to peer electronic cash systems,” he added.

Bitcoin still remains as the most liquid and largest cryptocurrency in the market in terms of user activity and developer activity. It has a daily trading volume of over $10 billion and a market valuation of $227 billion.

High profile investors including billionaire hedge fund legend Mike Novogratz suggested that the price of bitcoin could easily surpass $50,000 in 2018, as its market valuation achieves $1 trillion.

Quote:“Bitcoin could be at $40,000 at the end of 2018. It easily could. There’s a big wave of money coming, not just here but all around the world,” Novogratz said.

Analysts still remain highly optimistic in regards to the performance of bitcoin 2018, given that some of the world’s largest financial institutions have started to integrate support for bitcoin. Most notably, the New York Stock Exchange (NYSE) and the Chicago Board Options Exchange (Cboe) have filed for six bitcoin exchange-traded funds (ETFs), which are expected to provide individual investors in the traditional stock market a better platform to invest in bitcoin.


[Image: 8vZLKm6i_normal.jpg]Joseph Young@iamjosephyoung

Things to look out for in 2018 in #Bitcoin:

1. Nasdaq Bitcoin Futures
2. NYSE Bitcoin ETFs
3. Cboe Bitcoin ETFs
4. Scaling / Lower Fees
5. More Adoption Due to ↑
6. Many Billion of Institutional Money Coming to Bitcoin / Crypto

No wonder analysts are so optimistic!
2:44 AM - Dec 27, 2017

Twitter Ads info and privacy

Trend of Altcoins

In consideration of the many billions of dollars that are expected to flow into the bitcoin market over the next few months, analysts remain enthusiastic. But, some experts have also begun to ponder the long-term growth of alternative cryptocurrencies, especially utility tokens and anonymous cryptocurrencies that hold massive potential.

For the first time in history, the combined market cap of the top 5 cryptocurrencies in the market have come close to surpassing that of bitcoin. The combined market valuation of Ripple, Ethereum, Bitcoin Cash, and Cardano amounts to $218 billion, and is less than $10 billion from surpassing that of bitcoin.
Featured image from Shutterstock.

Source BITCOIN ANALYSIS JANUARY 01, 2018 17:15

Read More Read More, Posted by: faishal77
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Where Are All the Quick Wins for Blockchain?

Do you really want to wait until 2022 for blockchain to benefit your organization?

In 2017, much of the focus was on vision setting, long-term projects and the sizzle of cryptocurrencies. We also got CryptoKitties, a star of 2017 blockchain usage that is cute and fun, but of limited benefit.
As someone who joined the community because of the technology and social impact, the vision is compelling, but nowhere near sufficient to sustain this ecosystem until 2022-2024, the time when most predictions of meaningful production applications are settling.

The question for 2018, then, is more tangible: How do we get real cost savings? Improve the customer experience?  Increase revenue? Decrease risk? Arrive at stakeholder benefits more quickly?

Bite-sized success
First off, we need to make the entire blockchain ecosystem more actionable, more real, even better – simpler! Maybe because this is a technology-led community, most blockchain discussions get more complicated rather than simpler.
With simpler, quick-win, use cases, there is an opportunity to move organizations from research and into action.
You might think, there are already plenty of use case lists, just get going! True, there are plenty of lists, but they lack actionability. They are too high level – it’d be almost the same as telling a salesperson to “just go sell something” without the context, the training, the experience and the technology underpinnings for them to be successful.
My company is helping to change the process by thinking this way: “What benefit can we bring using existing blockchain technology in 3-6 months?”
Though we certainly don’t have these simpler, quick-win use cases nailed down yet, we have identified four patterns where we believe there can be 2018 value:
  • Decrease digital storage costs while learning blockchain
  • Improve trust and usability of recorded data
  • Next generation business process management and integration
  • Speed up and reduce costs of payments.
The goal of this list is to combine the fundamental values of blockchain, existing technology and real organizational needs. The first pattern on the list is a perfect example. Hardly anyone would say that storage is visionary and while it’s cheap, the continual expansion of data, necessitates better solutions.
With Sia, Storj, and others, you can reduce your costs over AWS – a practical benefit from a blockchain.
Another quick win example is a private equity administration blockchain developed by Northern Trust. In its solution, the company looked at how to leverage the trusted data resulting from using blockchain. Their blockchain leverage turned into reduced costs and duration of transactions along with increased transparency for audit and compliance.
Giving up control
In addition to simplifying the use cases, we need to address the proverbial elephant in the room: everybody wants the benefits of a blockchain but is hesitant to dive in because of competitive and control concerns.
These are valid concerns, and we’ve already seen these issues manifested in the bitcoin community. Since we won’t eliminate the concerns directly with blockchain, a better way to speed adoption is to create a set of patterns to follow.
For example, take a look at a simple hierarchy of business network models:
  • Public data + Own Organization + consumer
  • Vertical value chain with dominant origin or end point
  • Complementary Proprietary Data/Contracts/SLAs + Own Org + consumer
  • Complementary Proprietary Data/Contracts/SLAs + Own Org + Proprietary Data/Contracts
  • Competitors via alliances, consortiums and direct relationships
The model at the top is the easiest way to get started since it has the fewest direct participants while the one at the bottom is the most difficult because these are your numerous, direct competitors.
Not surprisingly, each of these models has examples. Public data is the key to the first model, whether it’s flight departure times or from a governmental entity. The second has many examples (Tencent, Daimler, Cargill, Bloomberg…) where a dominant organization can drive or forestall change within a business network.
The third and fourth are about disruption – both avoiding it, and creating new combinations to improve a customer’s experience. And finally, there is the straightforward combination of direct competitors working to create some sort of new standards.
Like a lot in blockchain these days, these patterns and models are only the beginning.
Feel free to use them as a guide to prioritize your thinking, minimize blockchain readiness objections and get to the nuts and bolts of creating a real blockchain project. Meanwhile, we’re working on enhancing these patterns with specific scenarios to make them even more actionable.
We can see a better world using blockchain. Let’s get there faster by focusing on creating simpler, more practical, use cases. We may even get to the world-changing visions more quickly.
Photo via Pixabay
Source: Coindesk


Read More Read More, Posted by: faishal77
Mau nanya nih gan..!! :)

ada gak cara lain dapat stellar tanpa lewat postingan..???

misalnya lewat Mining,PTC,atau Fouchet..?

maklum newbee gan  :)

Read More Read More, Posted by: bungtoel
anyone can help me to get start collect the stellar coin..? Sad Sad Sad

Read More Read More, Posted by: bungtoel
Do you hate opening Google for checking the price of your favorite Crypto Currencies? Yet you are unable to get exact details of the daily/weekly or month movements? 

Now, here is something for you that should ensure you have EVERY detail you require regarding not just your favorites Cryptocurrencies, but about every single cryptocurrency out there in a very according way. 

[Image: 2lk4met.png]

Now, with Coinmarketwatch, it will be possible for you to get any info you want! With all kind of Price Graphs available whether you are looking for daily, weekly or further, it’s all present. And what more, you don’t need to go one by one to figure out about Top Gainers or Top Losers, as it’s all done for you along with the Trending Coins feature.

[Image: n3w0i9.png]

[Image: rii1k5.jpg]

Before you think that’s all. It is certainly NOT ALL! In fact, this is just a portion of the features available at CoinMarketWatch! As there is nothing you will not find here. From the live action price to all major news in a minute to minute updates. So, now join on with this mind-boggling site

Read More Read More, Posted by: Milner
Hey guys, 

could you help me with something? I have an old Stellar account from 2014/2015 and when I created it I carefully wrote down the secret key - apparently at one point I disabled password recovery and the current one is not working.

Since I still have my secret key I should be able to use the API - my problem is I have no idea what tools still work with my old secret key! 

Thanks for any help, even if it is just a pointer

Read More Read More, Posted by: xmladdict


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