Minimum Transaction Fee Einsteinium EMC2

Einsteinium (EMC2) is flying right now. Back at the start of November, EMC2 went for around $0.06 a coin. Today, December 6, this has reason to $2.12 apiece – a jump across the period of more than 3400%.

Hello Everyone, So like many of you, ive been eying on Emc2 for a while as well, I bought in just today though I should've two days ago, So. After another in such little time with the top contender up by min of 100%, and as of the since the market is down and everyone is searching for new opportunities.

There is a clear driver behind the recent action and it’s one we will get to in a minute but, right now, markets are asking, is the degree to which EMC2 has appreciated justifiable and, if so, are we going to see a continuation of the action that brought the token to trade where it trades today? We think the answer to both of these questions is yes. Here is how we came to that decision. Some reading might would be familiar with this one since it’s not a particularly new coin – Einsteinium first debuted three years ago and has maintained a relatively small but steady presence in the sector since it came on the scene.

EMC2 chart For anybody not familiar with the company or the token, however, it’s set up to facilitate funding for the scientific community. Basically, 2% of every block and, by proxy, 2% of all mined EMC2, is distributed to various global scientific research projects. Holders of EMC2 have a vote, proportionate to the size of their EMC2 holdings, and the research funding is distributed according to this vote. So, first, why is this one running right now? Because, very near term the team over at Einsteinium is going to effect a hard fork and the primary impact of this hard fork will be a reduction in the total supply of EMC2 by around 55 million coins or somewhere in the region of 25% of the total circulating supply. Okay, so right off the bat, this seems to be something of a problem. A 25% reduction in total circulating supply is going to mean that less money goes to the scientific research that this company and its underlying coin was set up to fund (remember, it’s a fixed 2% of the blocks mined).

That the company would do this, therefore, seems counterintuitive. But there is another way to look at this entire situation. When you restrict the supply of something it’s price increases.

In this space, when we see a price increase, we also see a large increase in volume as more and more participants (normally, speculative participants) buy the underlying coin in anticipation of both short and long-term gains on their holdings. So, the team at Einsteinium had a choice to make – continue as is, maintaining relatively low volume and keep supplying the same or similar volume of coins to its scientific research causes or, execute on a hard fork and gamble that the fork will bring with it a wave of volume and get things moving. Sure, the 2% will be based on a smaller number of blocks mined but if the price of the coin rises, the overall value of this 2% has the potential to eclipse its previous levels. And it looks as though the gamble has paid off. Dollar volume hit more than $300 million during the last 24 hours alone and EMC2 is up 110% across the period. What we expect, therefore, is that this enthusiasm will continue as the coin moves into its hard fork and, in turn, that we should see a continuation of the dramatically amplified volume and, by proxy, the price gains we have seen recently in EMC2.

Sure, nothing is guaranteed and especially in the space, but if there’s a coin to get excited about right now, in our eyes, it’s EMC2. We will be updating our subscribers as soon as we know more. For the latest on EMC2, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency. Image courtesy of Chart courtesy of. Towards the end of last week, we took an objective look at the action we were seeing in the cryptocurrency markets and tried to pick out a few coins that we felt had the biggest potential for turnaround once the markets recovered. As anyone who caught our coverage will already be aware, one of our top picks (and the one that we suggested was probably the most secure coin outside of the majors) was Ripple (XRP). Our thesis was relatively simple. Ripple had tanked in line with wider markets but, unlike many of its competitor coins and peers in this space, the company behind the currency had been pushing forward from an operational perspective and was making some real headway in terms of enterprise-level adoption of its flagship technology.

XRP Daily Chart In turn, we suggested that this divergence (between the company’s operational developments and the price of XRP, its representative token) represented a real opportunity to pick up some cheap coins in anticipation of the gap closing out. And as it turns out, we were spot on. At the time of our coverage, XRP had dipped as low as $0.63 a piece. Remember, this is a coin that was trading in excess of $3 just a few weeks ago. Then, late on Friday,. For those that didn’t catch the news, Santander announced in its quarterly review that the company would be rolling out a mobile device application this year that will support free, instant cross-border transactions for its users in Spain, Brazil, the U.K. And the technology on which the application rests?

Ripple’s xCurrent, of course. Ripple chief executive Brad Garlinghouse announced the move to his followers on Twitter, noting that the app will be released this quarter, and Santander followed up the announcement with a dedicated section in its quarterly presentation, with a spokesperson saying: “We plan to launch this in the next few months, and we can confirm on the record that we plan to use xCurrent in the project.” There’s no denying it – this is a really big deal for Ripple. Indeed, it’s a big deal for the cryptocurrency space as a whole. For the first time, an incumbent in the financial sector has taken a blockchain based technology and bundled it into a use case that’s aimed at the general public, as opposed to being aimed at another financial institution. To put this another way, Ripple has finally been able to bridge the gap between the bleeding edge of blockchain technology and the mainstream general public. So where do things go from here? Well, this is one example of Ripple’s pilot programs coming to fruition.

That is, making the jump from pilot program to commercial application. With a large number of these programs ongoing, this latest news reinforces the suggestion that there’s real value in the ongoing programs and that they will likely bridge through to commercial use once the programs in question complete. It’s important to note that XRP won’t play a role in the Santander application – at least not initially – but this isn’t too much of a big deal. It’s a major vindication of the company’s ability to score big-name partners and, for us, is a strong signal that Ripple remains one of the top recovery plays in the market right now. We will be updating our subscribers as soon as we know more. For the latest on XRP, sign up below! Disclaimer: This article should not be taken as, and is not intended to provide, investment advice.

Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency.

Image courtesy of Ripple. The cryptocurrency markets have taken a real beating over the last couple of weeks and especially throughout this week, with many of the major coins (bitcoin, Litecoin, etc.) trading at a more than 50% discount to their price just a few days ago. This, of course, has translated to a real weakening of sentiment and the confidence that many of the later entrants had in their (arguably late entry) positions has all but dried up. People are exiting the market in spades and the selloff is resulting in a further weakening of price. This, in turn, is translating to more panic and an increased number of market exits and so on and so on.

This sort of action will be familiar to many. It’s a self-fulfilling spiral that compounds sentiment and it’s essentially the opposite of what caused bitcoin and its peers to run up into the end of last year.

Late entrants forming weak and fundamentally inaccurate biases and responding to these biases by pulling the trigger. In November and December, it was a trigger pulled on a buy position. In January, the trigger is being pulled on a sell. The thing is, now is not the time to sell. MonaCoin MONA Mining Pool.

Sure, markets got overexcited at the end of last year and some coins ran up farther than they perhaps might have done if the crypto space had of remained under the radar. Sure, the entry of a futures market and the concurrent wave of media coverage that came with bitcoin shifting into the mainstream consciousness perhaps created a buying frenzy which, in turn, pushed prices above and beyond sustainable levels. BTC Daily Chart When this happens, however, we generally see a correction, a bottoming out, some degree of rationality return to a market and, in turn, a return to the overarching trend which, in this case, very much remains to the upside. People forget that Bitcoin (BTC) was trading below $900 this time last year. Litecoin (LTC) was at $5 twelve months ago. Some of the more functional tokens, things like Ripple (XRP), were trading for fractions of a penny.

Many didn’t even exist. What we’re trying to say here is that the vast majority of coins that exist in today’s market and that are down circa 50% or so on early month January highs remain up thousands of percentage points on their respective twelve-month pricing. Put things in perspective, then, and you see that this pullback is a natural correction on an overheated market and one that simple serves up a long overdue return to sensibility, as opposed to any indication that the cryptocurrency run has come to an end.

For those who need a bit of persuasion, look at this space as if it’s a thirty-year trend, a long-term technological shift. We’re less than a decade into it and while exuberance led to the space running away with itself a little, the excitement is now reigned in and the industry can resume on the path towards changing the technological (and indeed, global industrial) landscape of the future. Bottom line: let the panic sellers exit their positions cheap and, if you’ve got the capital, pick up some cheap coins as they unload. When things return to normal, the same sellers will be scrambling to buy back their coins and will be forced to do so at a premium to the rice at which they’re unloading them right now. We will be updating our subscribers as soon as we know more. For the latest on Bitcoin, Ripple and Litecoin, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover.

Please conduct your own thorough research before investing in any cryptocurrency. Image courtesy of Global Coin Report Archives. 2017 saw a massive increase in awareness of cryptocurrency thanks to the huge increase of Initial Coin Offerings (ICOs). Investors swarmed the numerous new coins available, making it the must-have investment product of the year (well, up until the end that is.) The reason for its success and failure as an investment tool is due to the simple fact that the coins were meant to be used in daily life – all that was missing is the infrastructure needed to make it easy.

Yet The Current System Doesn’t Work However, there are two issues surrounding utilizing cryptocurrency in daily life. The first is that few retailers accept cryptocurrency at all. The second is that those who do accept these digital currencies typically only accept one out of the dozens of varieties available. Meaning it is possible to have a fortune of cryptocurrency in your pocket and be unable to spend a single penny of it. Bitcoin, Litecoin, Ethereum, and more are being actively traded every day with new coin systems being minted just as quickly. With an estimated total market capitalization of $660 billion, there is a great deal of opportunity for ICOs to help spur the next stage of consumer spending and economic growth, but ICOs will have to bridge the divide between digital and physical. How can we solve this challenge?

Take MoxyOne, for example. It was founded with the simple goal of providing the infrastructure needed to help ICOs make the transition from an investment vehicle to viable currency.

For its part, MoxyOne provides white-label services for companies seeking to offer a complete cryptocurrency solution for their investors and clients. This includes a “banking” solution that makes spending the coins as easy as swiping the provided debit card. Beyond working with other coin platforms, MoxyOne is also offering its own cryptocurrency known as SPEND tokens, offered for distribution through the respectable Cryptopia exchange platform. More platforms are coming soon, as well.

MoxyOne’s Exchange Listing Consultant Rick Kennernecht is working to secure new partnerships with a wide variety of exchange platforms such as EtherDelta. Recent successes in this endeavor include a partnership with the Decentralized Social Networking Platform Social (SCL). How to Integrate Digital Wallets with Physical Debit Cards By using the latest in digital wallet technology, MoxyOne has made it possible to securely handle transactions worldwide wherever debit and credit cards are accepted. All the end-user needs to do is install the app and activate the card – from there it is as simple as managing a traditional bank account, without the fees. This works through the implementation of Just In Time Funding (JITF) which allows for the instant sell of cryptocurrency into the required traditional currency as the user spends it.

This means that the greatest hassle involved in modern cryptocurrency – using it in the real world – has been eliminated in a way that is completely seamless for the end-user. The only fee incurred is the traditional platform exchange fee built into all cryptocurrency platforms. This platform will be released in early 2018, with a pre-sale beginning February 8, 2018, and ending on March 10, 2018. The public ICO starts March 14, 2018, until April 14, 2018.

MoxyOne will leverage Raiden Network’s micropayment technology for speed and Gladius’ DDoS technology for stability and overall security. Long-term goals will include integrating with the COMIT network for increased blockchain interoperability and overall access. In addition to JITF, we enable individual organizations and buyers to obtain the cryptocurrency directly from the holder. In addition to receiving the coins, a number of extra tokens will be provided to cover any extra expenses. This will help grow the platform and incentivize end users to utilize every feature of the MoxyOne platform.

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency.

Minimum Transaction Fees Minimum transaction fees protect the CoinSpark system from denial-of-service attacks. If a bitcoin transaction has CoinSpark or metadata attached, that metadata is only considered valid if the transaction has a sufficient transaction fee, which is collected by the miner who included that transaction in a bitcoin block. There is no minimum fee required for metadata to be valid. Without minimum fees, CoinSpark would be vulnerable to an attack in which a user could create a large number of unspent bitcoin transaction outputs each of which contains a large number of different assets. This would not cause a problem for services such as following the movements of an individual asset type over bitcoin transactions. However it would greatly inflate the storage requirements of any service attempting to track the movements of all CoinSpark assets.

CoinSpark’s minimum fee is calculated from the number of new asset outputs that a transaction might create multiplied by the lower of: (a) the quantity of bitcoin in the smallest non- OP_RETURN output of that transaction, and (b) 1000 satoshis. In this way, CoinSpark piggybacks on the anti-dust threshold introduced in Bitcoin 0.8.2, without being tied to a particular value of that threshold. If new versions of Bitcoin Core reduce this threshold (currently ~550 satoshis in Bitcoin 0.9), and so allow transactions with smaller outputs to be relayed by the default bitcoin client, CoinSpark’s minimum fees for new transactions can drop in tandem.

If new versions of Bitcoin Core greatly increase this threshold, CoinSpark will still treat 1000 satoshis as an upper limit. In either case, the valid or invalid status of CoinSpark metadata on an old transaction is determined entirely by that transaction, independent of the current anti-dust threshold. You can easily calculate the minimum transaction fee required for CoinSpark metadata to be valid using the appropriate for your programming language. Checking if genesis metadata has a sufficient fee. Def CheckGenesisFee(genesis, feeSatoshis, outputsSatoshis, scriptPubKeys, scriptsAreHex): # genesis is a CoinSparkGenesis object, already extracted from the transaction.

# feeSatoshis is the quantity of bitcoin satoshis in the transaction fee. # outputsSatoshis is an array of bitcoin satoshi quantities in each output of the transaction. # scriptPubKeys is an array containing each output script of a transaction, so that # the transaction has len(scriptPubKeys) outputs. # Depending on scriptsAreHex, scriptPubKeys contains hex strings or raw binary data. How To Get Into Dash DASH Mining.

OutputsRegular=[CoinSparkScriptIsRegular(script, scriptsAreHex) for script in scriptPubKeys] return feeSatoshis>=genesis.calcMinFee(outputsSatoshis, outputsRegular) Ruby. Def CheckTransfersFee(transferList, feeSatoshis, outputsSatoshis, scriptPubKeys, scriptsAreHex, countInputs): # transferList is a CoinSparkTransferList object, already extracted from the transaction. # feeSatoshis is the quantity of bitcoin satoshis in the transaction fee. # outputsSatoshis is an array of bitcoin satoshi quantities in each output of the transaction. # scriptPubKeys is an array containing each output script of a transaction, so that # the transaction has len(scriptPubKeys) outputs and countInputs inputs. # Depending on scriptsAreHex, scriptPubKeys contains hex strings or raw binary data.

OutputsRegular=[CoinSparkScriptIsRegular(script, scriptsAreHex) for script in scriptPubKeys] return feeSatoshis>=transferList.calcMinFee(countInputs, outputsSatoshis, outputsRegular) Ruby.