Let’s understand Ethereum Name Service (ENS)
Always found it difficult to remember long names? Always found it difficult to remember your bank account numbers? Always found it difficult to remember people’s phone numbers? I bet you would find it even more difficult to remember someone’s public address when you start trading on the digital currency platform. Do not believe us? How good do you think you would be in remembering a public address of the form ‘0x4dee62c504801’? Moreover, how well you remember numerous such public addresses? Simplicity always goes a long way. Wouldn’t it be way easier to remember an address like ‘bitcoinadvert.eth’? We bet it would be.
The Ethereum Name Service provides you with just the perfect platform to make your life easier. It gets rids of the need to copy or type long hexadecimal addresses. It offers its users a secure and decentralized method to address resources. This address can be done on the blockchain and off it by just using very simple, easy to remember, human readable addresses.
The Ethereum Name Service is built on the Ethereum blockchain using the service of smart contracts and thus you need to go through the pain of an unsecure DNS system. The Ethereum Name you enter would work exactly the way its owner has intended it to.
Apps supporting Ethereum Name Service
There are several apps that support the Ethereum Name Service. The range of mobile wallets that support this name service include Cipher Browser, imToken, Leth, and Status. The range of desktop wallets include MetaMask, Mist, MyCrypto, and MyEtherWallet. The other wide range of apps include Aragon, Bitfinex, Etherscan, Name Bazaar, and Swarm.
Both the infrastructure and governance of Ethereum Name Service is completely distributed. That is what makes it such an attractive feature to its clients and users. Anyone wishing to get a domain name of .eth can get it for themselves by simply participating in an auction process. This auction is mediated by the blockchain and it helps you secure an .eth domain for yourself in a simple mess free way.
Name Auctions on Ethereum Name Service (ENS)
The name auctions take place in three stages. The first step involves the opening of an auction for a domain name that someone wishes to buy. They then place a bid on it. A 3 day timer is then set on this domain name so that other people can get a window to bid on the same domain name. The bidding details are concealed during this 3 day window and no one can know the amount you bid or which particular domain name you are bidding on.
After the 3 day timer ends, the auction is considered to be over which is then followed by a 2 day reveal period during which everyone reveals the details of their bid. Non completion of this step results in your removal from the auction procedure. At the end of this 2 day span, the highest bidder is the winner and now the owner of the domain name they bid on. However, the amount they finally end up paying is not the exact amount the placed but the amount of the second highest bidder. Everyone else who lost out on the domain name are refunded the amount of their bids, however a 0.5% fee is deducted.
Where to register a domain name for auction
You would require an Ethereum browser and a digital currency wallet to get started with this step. So before you get started with the below steps, make sure you secure both an Ethereum browser and a digital wallet for yourself.
The official dApp for registering a domain name for the auction process is r.ens.domains. Another open source solution for registering your required domain name is My Ether Wallet. Another popular closed source solution for the same purpose is ETH Tools’ ENS integration. Just visit these websites and they have an easy to follow walk through procedure which helps you at every step and lets you register for a domain name of your choice. All these interfaces are very user friendly and mostly use a simple process of entering your desired domain name, looking up if it is available for bidding, then entering the amount you wish to bid on it in case the domain name is available and then simply click a button to place the bid on it.
For more detailed information regarding this service visit their official website at Ethereum Name Service. They also offer a detailed and carefully compiled section of FAQ which would answer almost all of your doubts and queries regarding any sphere of this service.
What is NEO? Is it a good investment? How is it different from Ethereum?
Attributes which render NEO, to become a potential competitor to Ethereum.
Ethereum is one of the most famous cryptocurrency after Bitcoin. Ranking second, according to Coinmarketcap, the crypto protocol provides a standard template in order to facilitate anyone to create decentralized applications in their own customized manner. In those decentralized applications, the virtual commodities which are traded are confirmed on the Ethereum network. Scalability has always been an issue with respect to the Ethereum network due to an adamant usage of these decentralized applications. Crypto kitties were the most trending decentralized app, which had even once caused a clog in the Ethereum network. Let us see both while comparing Neo vs Ethereum.
NEO can be considered as the Chinese version of Ethereum. It is evident, in this world, that the people of China can be considered a bit arrogant in nature or patriotic towards their country, as they restrict themselves from using the Western products and services. They are known to have their own version of Facebook, WhatsApp, Amazon, also one of the most famous cryptocurrency platform, Ethereum which they use extensively. The cryptocurrency network is nothing but a distributed network for the improvement of the smart economy.
Further insights into NEO
NEO protocol basically comprises two kinds of coins, one is the native coin, NEO and the other one being, NeoGas. The concept here is very similar to that of Ethereum. NEO is used for all the transactions which take place under the NEO Network, and the NeoGas is used to used as a fuel for the transactions. All the native tokens were pre-mined and hence no mining process is available but this is not the case for NeoGas, as it is used to reward the nodes of the network to incentivize them, to help in maintenance and verification of the blocks.
The practical use case seems to be very simple. If two users need to undergo an agreement and have a transaction, then they can opt for the NEO smart contract where their assets are first converted into the digital cryptocurrency Neo. Followed by which, according to the rules and regulations, predefined on a smart contract the transaction is undertaken.
NEO vs Ethereum
The cryptocurrency has a lot of similarities with Ethereum. Although it is not exactly the same as Ethereum. Let us see Neo vs Ethereum Analysis.
In the Ethereum Network, an exclusive programming language is incorporated in order to develop the smart contracts, but in case of NEO, smart contracts can effectively be developed by using some of the already existing and popular programming languages like as C# and Java. Also in Neo vs Ethereum, Further developments are being done with respect to the NEO Blockchain, where the creation of smart contracts is to be made available in Python as well as Go too. This feature can be acclaimed as a reason for an advantage of NEO over Ethereum.
Another key difference in Neo vs Ethereum is that can be marked between the two prominent Blockchain’s is that NEO envisages Digital Identity concept whereas Ethereum doesn’t. This feature is highly appreciated in the international market as one needs to trust the other person and somewhat transparency is obtained through this paradigm.
Is NEO worth investing in?
As the token’s total supply is fixed at 100 million, the value of the coin, over time, is bound to experience a bullish trend. The process of the release of the cryptocurrency coin is vested with a Smart Contract, where only 15 million coins are released every year. Half of the total supply was already released earlier itself. This consistent release of coins is what offers stability to it. The platform even provides high scalability and controls the latency with 10,000 transactions per second. Being developed in China the cryptocurrency coin is somehow restricted, for its unconditional adoption by the Asian countries, as China is not a Crypto friendly nation. This could mark a potential risk to the coin.
Although NEO is regarded as the ‘Ethereum of the East,’ restrictions on the cryptocurrencies in the Asian countries can resist the growth of the network. Otherwise, it possesses the potential to leave Ethereum behind. As the cryptocurrency market is highly volatile an extensive background homework is mandatory, before an understanding any investment in the crypto field. One must bet only the amount of funds, that he/she is OK to lose.
Top ERC20 Tokens. The list of Top 100 ERC Tokens.
Some of the most valuable ERC20 tokens.
Below is Top 100 ERC20 Tokens list based on their structural use case.
The native token of the cryptocurrency exchange, Binance. Number 1 on the top erc20 tokens list.
Omisego is an open payment platform. Number 2 on the top erc20 tokens list.
veChain is a platform focusing on various fields. Number 3 on the top erc20 tokens list.
A Token of 0x protocol, for the decentralised exchanges. Number 4 on the top erc20 tokens list.
Zilliqa is deemed to be the next gen blockchain platform. Number 5 on the top erc20 tokens list.
Aeternity Blockchain offers a lightning fast smart contracts. Number 6 on the top erc20 tokens list.
Maker platform makes some of the most stable coins. Number 7 on the top erc20 tokens list.
Bytom is a Blockchain platform for financial and digital asset institutions. Number 8 on the top erc20 tokens list.
It is the native token of one of the most prominent decentralized crypto exchange, Blockonix. Number 9 on the top erc20 tokens list.
The Basic attention token is a decentralized ad Exchange platform. Number 10 on the top erc20 tokens list.
Augur is a decentralized prediction market protocol.
Golem is the first global market for computer power.
Pundi X is a Blockchain service for developers and Investors.
Waltonchain Blockchain collaborates with IOT for better supply chain management.
The token is nothing but the exchange KuCoin’s shares.
Rchain is a Turing complete and byzantine fault tolerant Blockchain.
Status token aims to build iOS and Android interface to access Ethereum.
Populous is an intelligence and invoice discounting platform.
Mixin is a mobile Blockchain connecting various Blockchains.
Mithril is a Decentralized platform for social network.
IOST provides a decentralized platform for Internet of service.
DigixDAO is a Decentralized Autonomous Organisation.
AION is a multi tier system for solving scalability and interoperability.
Aelf is a customizable system for Blockchain.
Loopring is a brand new crypto trading standard where the users have complete control over their assets.
Funfair is aimed to improve casino gambling using Blockchain Technology.
Kyber network aims for an easy transfer between different platforms.
Power Ledger aims for a sustainable development through solar energy and Blockchain Technology.
Loom network allows for a platform to run decentralized apps.
Kin provides a Blockchain platform for chat apps and social media.
Worldwide Asset eXchange allows virtual Marketplaces to run on them.
Dentacoin aims to imotice the dental Industry through Blockchain.
TenX is built on Comit network for frictionless transactions throughout the world.
A decentralized platform for the virtual reality.
Monaco is a Visa Debit card funded by cryptocurrencies used for daily transactions.
Bancor protocol is a standard used for the future smart tokens.
Polymath network connects the developers, KYC providers, legal experts, etc.
Cybermiles is a smart contract template for e-commerce companies.
Dropil is an intuitive platform for the exposure of cryptocurrency domain to the newbies.
It is deemed to act like a fuel to the LIQUID platform.
Enigma is a platform for running end to end decentralized apps.
Paypex aims to improve payment systems by using the Ethereum network.
Ethos provides for a portfolio manager along with universal crypto wallet.
Nuls is open source and aims to provide developmental tools to its members.
Veritaseum drives a peer to peer marketplace which is software driven.
Substratum is a network allowing for content sharing through internet without VPN.
Gifto is an amazing decentralized platform for gifting content creators.
An open source project to improve the decentralized streaming network.
Cortex provides for a suite of state of the art machine learning models.
Dragonchain is a Blockchain platform by Disney.
Salt is a Blockchain backed loan lending system.
The Storm network aims to improve the lives of workers around the globe.
Chainlink is used for helping the smart contracts access resources.
High Performance Blockchain provides for an accelerated Blockchain performance.
TrueUSD is a USD backed stable coin.
Gamecoin is used to tease digital assets of a game through this network.
Noahcoin supports economic development through Blockchain.
Bibox is an encrypted exchange with powers of AI.
Centrality helps startups with their decentralized apps.
Fusion provides architecture and infrastructure to the financial institutions.
Scry.info arranges the upstream, midstream, and downstream datas.
Santiment Network Token believes that Tokens have three dimensions.
Cybervein is a decentralized platform for data management.
Civic platforms helps in the protection of identity.
Matrix AI Network is also regarded as the intelligent Blockchain.
Storj provides decentralized cloud storage solutions.
Iconomi is an asset management platform for digital assets.
Odem is one of the first Decentralised education Blockchain platform.
iExecRLC aims at decentralisation of the cloud service through Ethereum environment.
The Holo community aims to build a decentralized cloud system.
Bluzelle provides for a Decentralised and shared storage environment.
Nucleus Vision transforms offline retail through IoT and Blockchain.
SingularityNET is a Decentralised platform for AI algorithms.
Gnosis supports an amazing forecasting tech which is market dependent.
Medishares is the first mutual insurance marketplace which is globalised in nature.
The Request network allows for customers to initiate a payment request globally.
Revain is a pioneer in the unbiased Blockchain review platform.
The Time New Bank provides a time value transition network.
Dai is a stable coin based on decentralisation.
Smartmesh is the fuel behind a distributed application platform, Spectrum
BnkToTheFuture is specialised in providing alternative financial product.
Ta Ta Tu is a Blockchain based social media platform.
Cindicator is a market analysis platform based on Blockchain and hybrid intelligence.
Quantstamp aims for mainstream Blockchain adoption through the increased smart contract security.
Nexo is a pioneer in the loans backed by crypto.
Enjin Coin is a cryptocurrency for the virtual community.
Aragon is a decentralised application employed to create Decentralised organisations.
Streamr DATAcoin is a censorship free currency restricted within a Blockchain.
Ruffchain is a Decentralised open chain platform for improvement of IoT.
Ambrosus is supply chain based on the Blockchain network.
SONM is an universal supercomputer and SNM is an internal token.
KickCoin provides a payment system which uses KICK Tokens.
Bottos is a public chain with integration with AI along with data and model markets.
CRYPTO20 is the first tokenised index based on the cryptocurrencies around the world.
Po.et is a shared ledger for tracking the ownership of creative digital assets.
Docademic is the Blockchain initiative for improvement of the healthcare Services throughout the world.
Genaro Network is the world’s first decentralised storage network.
Raiden network provides an of chain scaling Solution for increased scalability and faster transactions.
Dynamic Trading Rights was introduced to bring in a trustless and transparent trading if the ERC20 Tokens.
The Arcblock Blockchain provides for a secure and fast payment system.
Blockonix Decentralized Exchange Launched!
Blockonix DEX that the world was awaiting is now live. Confirmed by the following tweet on Official Blockonix twitter account.
Blockonix Exchange is now live!https://t.co/owvdbyaADt
We thank our community for all the support!
The future is 100% decentralized. Securely trade peer-to-peer with #Blockonix#bitindia #decentralized
— Blockonix (No giveaways)- Decentralized Exchange (@blockonix_com) July 20, 2018
Here is everything you need to know about the exchange before you starting trading on Blockonix:
1. Purely Decentralized
Blockonix DEX is a purely decentralized exchange with not even a single third party involved in your transactions. This means that while trading only the buyer and the seller shall be involved in the trade. Being a completely Decentralized Exchange, all the transactions shall occur on the Ethereum Blockchain which makes it entirely hack proof which is the best quality of Blockchain.
Blockonix is spreading the word of decentralization which was meant to be the essential reason for the launch of the growth of cryptocurrencies. Blockonix believes that centralized exchanges eradicate the real value of cryptocurrencies and due to centralized exchanges Cryptocurrencies will never be able to become mainstream.
2. No Third Party Ownership
On Blockonix DEX, There will be no single/ third party or group of persons who own the Blockonix Exchange Ecosystem which means there can be no chances of fraud as all the transaction processing shall be automated on the Blockchain in a highly secured decentralized environment.
3. Trading Fee- Huge 70% Discount
Blockonix has implemented 0.1% trading fee which is the same for both: Market takers and Market makers. This is not yet seen on any other exchanges may it be centralized or decentralized. Usually every exchange charges a higher amount of trading fee from the Market Takers. The fee shall be charged in ETH.
70% Discount: Traders can also pay the fee through BDT Tokens which is the core token of the Blockonix Exchange. While paying the Fee through BDT, Users will automatically receive a discount of 70% on the transaction fee which makes it the trading fee just 0.03% which is the least amount of fee that any other exchange charges.
Apart from the trading fee the normal amount of Gas shall be paid by the user on each transaction which is the fee for the miners.
4. Astonishing Strategy to increase the value of BDT Tokens (Blockonix Tokens)
Blockonix has a very long-term plan of increasing the value of its core BDT Token on every transaction. (BDT Tokens have a limited supply of Approx 10 Million. That means only approx 10 Million BDT Tokens exist).
All the fee which will be earned in ETH through Trading shall be used to buy BDT Tokens from the BDT/ETH pair Market. This means that on every transaction, trading will immense in the BDT/ETH Market which gradually increases the value of BDT Tokens. Also, such BDT bought back from the market shall be permanently burnt by automated transfer to an Ethereum Smart Contract (BURN ADDRESS) which will burn all the transferred tokens forever and is irreversible.
How will it happen?
A. Every day at a particular Ethereum Block, an Ethereum Smart Contract shall place a buy order of the entire ETH balance collected during the day as Trading Fee in the ETH/BDT Market above the current best offer in the market. As soon as any part of the buying is successful, the BDT bought through the process shall automatically be transferred to an Ethereum Smart Contract (BURN ADDRESS), which will burn all the transferred tokens forever and is irreversible.
B. All the fee which will be earned in BDT Tokens shall be automatically burnt by en Ethereum Smart Contract (Burn Address) which means on every transaction, the scarcity of the BDT Tokens will keep on increasing and someday only a handful of tokens will be left. This is a great strategy for increasing the value of BDT Tokens as ‘Scarcity leads to a Higher Demand’.
The BURN ADDRESS is set to PUBLIC and can be seen by everyone.
5. Listing your Token on Blockonix Exchange
If you wish to list your own token on Blockonix Exchange, it is a straightforward process and such a simple process has never been seen on any other authenticated exchange.
Blockonix has a very nominal amount of Token Listing fee of 5 ETH or 1500 BDT for the New Token Listing. There is a small authenticity test made by the Blockonix team to check if the token is authentic or not. If your token is found out to be inauthentic then your Listing Fee is refunded back into your Ethereum account.
The Best Part:
The best part of Token Listing on Blockonix Exchange is even the token listing increases the value of BDT tokens. Amazing! Isn’t it?
All the Listing Fee that is paid in ETH by the Listing Company shall be automatically transferred to the BDT/ETH Market placing a buy order of the entire ETH balance collected during the day as Listing Fee on a particular Ethereum Block during the day. (The same process as in the case of Trading Fee)
All the Listing Fee that is paid in BDT by the Listing Company shall be automatically burnt by transfer to the Ethereum Contract (BURN ADDRESS). Such Burning of tokens is irreversible.
(The same process as in the case of Trading Fee)
This is a massive strategy to increase the value of BDT Tokens.
6. No Revenue Exchange
Blockonix will be the first ever exchange that will run without earning any revenue
As all the Fees earned through Trading as well as Listing shall be either Burnt or Used to buy back BDT Tokens from the exchange. Also, such BDT which is bought from the BDT/ETH Market shall also be burnt forever by automatic transfer to the Ethereum Contract (BURN ADDRESS).
Such Burn Address is kept Public by the Blockonix Team so that everyone is able to see how many tokens are being burnt each day.
This means that Blockonix will earn 0% revenue.
7. Most User-Friendly Experience
Blockonix has the most user-friendly interface ever seen in any decentralized exchange yet.
The Exchange is very simple to use and on the same time has the most advanced features for the expert traders.
With such an astonishing user interface, Blockonix is set to become the world’s number 1 decentralized exchange.
8. Launched with more than 200 Trading Pairs!
Blockonix is launched with more than 200 trading pairs including all the top Ethereum Tokens worldwide which is amazing for the communities of such tokens.
The Cryptocurrency Community has faced a lot of misfortunes in the recent past including the frauds by crypto exchange and Hacks such as the MT GOX and Coincheck Hack.
Making Blockonix ‘The Future of Cryptocurrency Trading’.
What is BDT token? Why Is it a good investment for 2018?
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What is TRON? Is TRON a good investment for 2018?
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Top ERC20 Tokens. The list of Top 100 ERC Tokens.
Tron Price Analysis TRX/USD Bullish Pattern Foreseen, 20 July.
Blockonix Decentralized Exchange Launched!
Bitcoin Price Analysis BTC/USD Bulls Market Continues, 20 July.
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Live Crypto Prices
- Bitcoin(BTC) 7377.36
- Ethereum(ETH) 463.933
- Bitcoin Cash(BCH) 784.495
- EOS(EOS) 8.05267
- Litecoin(LTC) 84.7212
- Cardano(ADA) 0.165781
- TRON(TRX) 0.0357887
- Dash(DASH) 245.567
- NEM(XEM) 0.17088
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