Cryptocurrency is an interesting approach to reducing the error in the database that is called money. Right now the money system, for practical purposes, is a bunch of heterogeneous mainframes running on COBOL, in batch mode.

This is no exaggeration. There is a fascinating article about it here.

The Bank of New York Mellon in 2012 found it had 112,500 individual COBOL programs, constituting almost 350 million lines.

The financial world essentially still runs on COBOL.

The government effectively has editing privileges on the money database. They use those privileges to create more money whenever they want. This increases the error in the database that is money.

I think money should really be viewed through the lens of information theory, kind of like an internet connection. What’s the bandwidth, total bit rate, what is the latency, jitter, packet drop, errors in the network communication.

Applying this to crypto specifically, the ideal crypto according to these criteria would have:

There is also error in money that arises from governments diluting or debasing the money supply as basically a pernicious form of taxation.

How does this form of error lead to a hidden form of taxation?

Let’s say there is a total money supply of $1,000. You hold $10, or 1% of supply.

The central bank now adds $100 to the money supply. You still own $10, but the total has increased to $1,100. You own 0.9%, rather than 1%.

You’ve effectively lost 10% of your wealth, but would likely never be aware.

Extrapolate this on a longer term and you’ll see how it adds up to your $10 gradually becoming worth far less over time. This is what is meant by dilution/debasement.

Think of money like an information system.

The question then becomes: what system, from an information theory standpoint, allows an economy to function best?

Cryptocurrency takes us to the 21st century in terms of the actual systems that allow you to do transactions, to store wealth. It’s an attempt to solve both technological error and debasement error.

Think of money in that way, as a database for resource allocation throughout both space and time. What would be the most effective and efficient version of that database?

There is a fundamental issue with for example Bitcoin in that in that its transaction volume is very limited. Its latency, the latency for a properly confirmed transaction is too long, much longer than you’d like.

It’s actually not great from a transaction volume standpoint, or from a latency standpoint. What you want to have is a high transaction volume capability. You want to have low costs of doing a transaction.

Putting numbers on it, Bitcoin’s maximum throughput on its base layer maxes out at ~7 transactions per second.

These transactions take a while to settle — average confirmation time yesterday was 79 minutes with an average fee of $3.16 per transaction.

When Bitcoin started, in 2008, internet connections were much worse than they are today. Having a small block size and a long synchronization time made sense in 2008, but 2021 or fast forward 10 years, and it’s comically low.

Our ideal form of money should have the following characteristics.

We can also conclude that he is of the opinion that Bitcoin is not the answer for obvious reasons, and that “Doge is fundamentally better than anything else he’s seen”. So how does Doge do on these metrics?

At a quick glance, Doge is indeed better for payments than Bitcoin is. However, as Elon says, it’s helpful to boil things down to first principles. So what are perfect characteristics in terms of currency, reasoning from first principles?

Do we have something that approaches this form of perfect currency? I would argue that we come quite close, with Nano.

An additional important factor that Elon did not outright mention is (energy) efficiency. Nano transactions are so efficient that if the network were processing ~7,000 transactions per second, it could still be powered by one single wind turbine.

Does Elon’s statement of “Doge being fundamentally better than anything else he’s seen” make sense?

Yes. He might not have heard of Nano yet. It’s likely, given that the foundation developing Nano has so far focused on the protocol, rather than marketing.

Is Nano perfect? No. Software almost never is. Tesla engineers built their own C compiler for maximum efficiency. Apply this to Nano and I’m sure we could further optimize throughput and speed up transactions a bit more. There is a new version of spam resistance and while the theory is great, it’s not fully implemented yet.

Fundamentally however, we’re approaching perfection. It’s hard to beat lightspeed confirmations. It’s hard to beat scaling that uses all available resources. It’s hard to beat $0 fees forever.

Think of money in that way, as a database for resource allocation throughout both space and time. What would be the most effective and efficient version of that database?

Allocating resources throughout space at lightspeed with $0 loss and 0 error, and throughout time thanks to 0 dilution over time leads to the ultimate form of money.

It means that our database for money allocation can function at maximum efficiency. Not constrained by borders, by transaction fees, by high and variable latency, by unpredictable issuance. Without error, without loss.

This is what makes crypto so exciting to me. We have the chance to create the ultimate form of money. We can take steps back, work up from first principles, and approach perfection.

To anyone else that finds this goal exciting, I would strongly recommend checking out Nano. If you’re interested in the future of money, if you’re interested in making the world run more efficiently, Nano is a likely candidate. If you’re a software engineer, you can help develop this new future. If you’re a researcher, you can help develop this new future. If you’re a writer, if you’re an investor, host a podcast, if you run a business, a charity, or a country, you can usher in this future.

If you’re interested in doing so, go down the rabbit hole. Explore, poke holes, be critical. I’m adding some links below for those interested. Many thanks for reading if you got all this way. Would love to hear your thoughts.

The general basics of Nano

For investors wondering why a new form of currency could be interesting for them

For merchants and charities looking to implement Nano transactions

For developers looking for developer tools to implement Nano into games, websites, or any online service.

For anyone wondering what Nano’s role in the long-term future of crypto might be

New DeFi projects require working capital and, as individual retailers seek to become early investors, Launchpads such as TrustPad and Cardstarter have provided a platform for these two parties to mutually benefit from each other.

Launchpads aim to achieve this by providing a platform where projects can raise capital, and individuals can invest early, and safely.

Launchpads have introduced platforms to stake native-tokens, and in doing so investors are rewarded with early investment opportunities proportional to the amount they have staked via private Initial Dex Offerings (IDOs).

This mutually beneficial relationship has made Launchpads an integral component in the current DeFi ecosystem. Launchpads have become not only an important outlet for projects to receive capital, but also to communicate, and interface with their early investors.

Direct (and early) interaction with investors not only gives projects access to strong, and supportive communities accelerating project growth significantly, but more importantly, the network effect within these growing communities makes raising capital quicker, and much easier for projects.

Investors benefit by receiving early access to token launches without needing to put up large sums of capital.

Additionally, Launchpads such as TrustPad and Cardstarter guarantee the safety, and legitimacy of all the projects on their platform with thorough project vetting. Thus, investors are provided peace of mind that they are protected from rug pulls, and other scams. We are even seeing projects such as Cardstarter provide insurance funds to further protect investors.

With this increased safety we see an increase in legitimization as it becomes very difficult for people to criticise the legality and legitimacy of new projects if they are backed up by a reputable, institution-like Launchpad. The reputation of DeFi being a dodgy niche sector is therefore slowly being transformed into one that it is a secure and attractive to the retail investor.

The latest innovation in Launchpads is Cross-Chain integration, allowing projects to launch their IDOs simultaneously on multiple different Blockchains.

Cross-Chain integration enhances the building effect that Launchpads can provide for projects by giving users from multiple different chains access to them. This greatly reduces the barrier to entry. Cross Chain integration also immediately expands the market pool of investors for projects allowing them to raise much more capital.

Cross-Chain communication will also prove to deepen network effects as users interact with others across chain, and the community of the project itself has a greater chance to develop sustainably, and continuously.

TrustPad is the first Launchpad to utilize a Cross-Chain feature with the goal of making IDOs easily accessible for new adopters, and mass markets. TrustPad will include integration of Binance Smart Chain and Ethereum from day one with a clear goal to integrate Solana, Polkadot and Cardano by the end of 2021.

What this means, for an example, is that upcoming IDOs on TrustPad will be able to launch on both Ethereum, and Binance Smart Chain simultaneously.

By being the first safe Cross-Chain Launchpad, TrustPad is likely to become a dominant player in the market, and therefore play an integral part in the “DeFi revolution”.

Launchpads have proven to play a crucial, and growing role in the DeFi ecosystem, benefiting projects and investors alike. We believe the innovations in Cross-Chain integration that Trust Pad brings will only amplify these advantages, strengthening the community building effect and enhancing the accessibility and legitimacy of the DeFi space for new investors.

We believe that projects such as TrustPad will separate themselves from the pack and assert themselves as market leaders in the future, making them very desirable investment opportunities.

Trustpad

Telegram: https://t.me/TrustPad

Website: https://trustpad.io

Twitter: https://twitter.com/TrustPad

Medium: https://trustpad.medium.com

Lupa X Capital

Telegram: https://t.me/lupaxcapitalofficial

Website: https://lupaxcapital.com

Twitter: https://twitter.com/lupaxcapital

Medium: https://medium.com/@lupaxcapital

PVE-based, you can level up your character with your crypto friends and drop items, spells, and NFT Legendsbattle items during dungeon fights. As a result, you will trade them for better ones in a decentralized manner or even make direct money through any NFT marketplace.

Legends Battle utilizes both a centralized and a decentralized gateway to access the game. First, login and connect to the Legends Battle World, a back-end game server written in C language that bridges your decentralized NFTs from your wallet to the server while you play.

When you connect to the game with your wallet, you get redirected to the game lobby’s specific thread process instance via a proxy server (the Legends Battle city on which you spawn). You can then form groups with your friends and enter the mine to fight. Then, a new instance will be generated to handle your activities and fights.

When you disconnect from the online Legends Battle in-game world, you can withdraw all of your possessions in NFT forms that our back-end system broadcasts and sends. As a result, you will have complete control over the game’s centralized management as well as complete decentralization over your in-game properties, which you will own for the rest of your life.

Legends Battle allows you to have fun and play to earn. You can reap profits in the form of real money, not just points like in other games, making the game even more exciting. There are two currencies in the ecosystem. They can be used for trading or exchanging on decentralized platforms such as Pancakeswap.

The first token is the LBT coin(LegendsBattle coin). The game has deployed it on the Binance Smart Chain as the base crypto for on-chain payments. Users can also use it in special packs, special NFT sell events, and transactions on exchanges.

The other token is the Legends battle Shard which is the in-game currency. Users can use it for buying and selling NFT properties from the game into the online web marketplace using your wallet.

Legends Battle is a blockchain-based 3D NFT multiverse web game. Legends Battle seeks to be an innovative 3D online cooperative game that utilizes blockchain and the crypto economy. At the same time, it makes it possible for players to own their goods and make money while having fun with exchange and trade between users, which has always existed on MMORPG. You read more about Legends Battle on:

Twitter: https://twitter.com/legends__battle

Reddit: https://www.reddit.com/user/legendsbattle

Medium: https://medium.com/@legendsbattletoken

Discord: https://discord.com/users/legendsbattle#9968

Telegram: https://t.me/LegendsBattle

Gitbook: https://legendsbattle.gitbook.io/legends-battle-whitepaper/

Disclaimer: This article is not intended to be a source of investment, financial, technical, tax, or legal advice. All of this content is for informational purposes only. Readers should do their own research. The Capital is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by reliance on any information mentioned in this article. The Capital has received payment in exchange for writing this article.

Blockchains have gotten popularity from cryto currencies such as BitCoin, Ethereum, and Binance. The innovation with a blockchain is that it guarantees the fidelity and security of a record of data and generates trust without the need for a trusted third party.

The idea of blockchain changing the world comes from the concept of decentralization. It’s the pseudo creator, Satoshi Nakamoto, who created the currency BitCoin that led to the discovery of blockchain technology. If you see the timeline, you will see that the decentralized cryptocurrency was created around the last global financial crisis, which gives this discovery much more importance.

If you are familiar with the current system, you will see centralization everywhere. Centralization is a tested way to deal with processes. It offers control with relatively effective and efficient means. However, it does come with a lot of disadvantages.

The main disadvantage is its ineffective approach. Centralization is generally not so friendly when it comes to efficiency. More so, the other obstacles include — no transparency, lack of proper security, and fraud detection. All of these are just too much to ignore now.

If you ever try to buy a house, you will have to go through a lot of steps. It is a tedious process that can easily take up to months. It also includes a lot of paperwork.

On top of all of these, you also need to pay a lawyer’s fee. The process of buying a house depends on the place where you live. In some places, it can be much easier, but overall, it takes a lot of time and effort to buy one house.

The real estate market also suffers from the trust. It is easy to do frauds and create paperwork that is forged. To ensure trust, a lot of paperwork needs to be checked and managed by multiple entities, including government agencies, banks, and so on…

When it comes to blockchain, you do not have to deal with so many intermediaries. It is a trustless platform. This means that you know what you are doing and what you are getting into. You can verify the owner of a property before making the deal. The agreements are transparent and are tamper-proof. This makes everything work smoothly. It also means that you have to do very little paperwork, improving your purchasing experience to a whole new level.

In reality, it affects the real estate markets heavily, which is connected to the global economy. Therefore, blockchain can transform the global economy.

The blockchain technology allows peer-to-peer transactions to take place transparently and without the need for an intermediary like a bank (such as for cryptocurrencies) or a middleman in the agriculture sector. By eliminating the need for a central authority, the technology changes the way that trust is granted — instead of trusting an authority, trust is placed in cryptography and peer-to-peer architecture. It thus helps restore the trust between producers and consumers, which can reduce the transaction costs in the agri-food market.

The blockchain technology offers a reliable approach of tracing transactions between anonymous participants. Fraud and malfunctions can thus be detected quickly. Moreover, problems can be reported in real-time by incorporating smart contracts (Haveson et al., 2017; Sylvester, 2019). This helps address the challenge of tracking products in the wide-reaching supply chain due to the complexity of the agri-food system. The technology thus provides solutions to issues of food quality and safety, which are highly concerned by consumers, government, etc.

The blockchain technology provides transparency among all involved parties and facilitates the collection of reliable data. Blockchain can record every step in a product’s value chain, ranging a product’s creation to its death. The reliable data of the farming process are highly valuable for developing data-driven facilities and insurance solutions for making farming smarter and less vulnerable.

If you think that blockchain cannot change the world, then you are not alone. There are many experts who think blockchain is not enough to alter the course of actions of this world. However, recent findings do predict that blockchain will succeed in doing so.

Keep in mind, new projects are being devloped everyday using this new technology. Follow the movement and learn more about how the digital transformation of our culture with blockchain will impact your life.

Как Метамоны могут сохранить свою ценность или даже увеличить ценность внутри 3D метавселенной USM?

: В настоящее время арендованные Метамоны не будут задействованы в битвах “Королевства Метамонов”.*: Стейкинг Метамонов внутри 3D-планеты не изменит статус владельца и не повлияет на какие-либо варианты использования внутри 3D-планеты.

Все Метамоны, чтобы попасть в метавселенную должны будут достичь 60-го уровня. В настоящее время игрокам приходится гриндить, чтобы получить уровни. Однако дворянские титулы ограничены в порядке очереди. Если ваши метамоны войдут в USM слишком поздно, вы никогда не получите титул, которого заслуживаете, даже если у вас достаточно метамонов.

Мы хотим улучшить наш пользовательский опыт, и, что более важно, мы хотим убедиться, что все могут исследовать Метавселенную как можно скорее и честно. Мы разрабатываем план быстрого повышения уровня, чтобы гарантировать, что лояльные пользователи получат компенсацию, в то время как отличный новый контент будет доступен для новых пользователей.

(В ранней версии этой статьи была введена функция «Повышение уровня Метамона 60». Этот план был приостановлен.) Вместо этого в игру «Остров Метамона» будет введен новый предмет «зелье опыта». Метамоны смогут повысить уровень до 60, потребляя зелья опыта. Тем не менее, способ получения зелий EXP все еще находится в стадии разработки. Оставайтесь с нами для более подробной информации.

Есть несколько важных обновлений для держателей Metamon.

Ранее мы анонсировали дополнительный аирдроп u-USM для первых 50 000 метамонов, достигших 60-го уровня. Он будет изменен следующим образом:

Мы сделаем снимок всех уровней Метамонов, прежде чем запустим новую функцию зелья опыта . Лучшие 50 000 Метамонов с самыми высокими уровнями получат аирдропы u-USM в игре Метамон, когда они достигнут 60-го уровня (моментальный снимок будет сделан, когда Метамон достигнет 60-го уровня).

Более подробная информация будет объявлена, когда аирдроп будет готов к раздаче.

Пользователи, которые используют кошельки web3 для аутентификации, будут подключены к блокчейн-версии USM. Пользователи Web3 автоматически получают гражданство Метавселенной и получают титул “Марсианин”.

Чтобы отличать “Марсиан”, владеющих Метамоном, те, у кого есть более 100 N Метамонов 60-го уровня или их эквивалента, имеют право на различные благородные звания и льготы. Ранги не будут установлены на постоянной основе и будут скорректированы в соответствии с NFT, принадлежащими аккаунту “Марсианина”.

Подразумевается, что благородные звания можно приобрести, арендуя NFT на марсианском рынке NFT, который скоро откроется, где владельцы Метамонов могут сдавать своих любимых Метамонов в качестве аренды за солидный доход.

Продажа Метамонов приведет к потере титулов. Большинство Метамонов в USM не будут проданы, потому что дворянские титулы гарантируют лучший опыт и преимущества во многих крупных событиях. Ценность Метамонов проявляется в ценности дворянских титулов.

Текущие доступные дворянские звания, от высокого до низкого:

*: из 300 герцогств 100 зарезервированы для будущих выпадений из mistery box, 100 для награды из открытия яйц в марте, 100 для владельцев N 60-го уровня Метамона.

Когда предел количества достигнут, новые квалифицированные дворяне не смогут получить ранг до тех пор, пока один или несколько членов этого ранга не будут дисквалифицированы и не освободят свой ранг.

Следующая таблица определяет эквивалент единиц Метамонов между различными NFT для расчета званий:

Быть марсианской знатью имеет свои преимущества. Во-первых, это отличительный титул, выделяющий Вас от всех остальных участников метавселенной. Дворянские титулы будут явно и отчетливо выставлены на всеобщее обозрение. Дополнительные специальные эффекты визуального отображения находятся в стадии рассмотрения и разработки.

Во-вторых, благородное общество получит преференции на лимитированные ресурсы во время событий и других ситуаций. Например, взаимодействие с музыкантами в режиме реального времени перед аудиторией в 150 000 человек должно быть потрясающим и чрезвычайно захватывающим опытом. Однако поддержка в реальном времени такого масштаба очень сложна (думайте об этом как о MMO-RPG, такой как World of Warcraft). Следовательно, наличие дворянских званий является необходимым условием для получения такой возможности.

По мере роста Метавселенной все больше и больше привилегий будет доступно исключительно для марсианской знати.

Марсианам, владеющим MPB, будет гарантировано 10 участков земли категории N. Права владения этими землями являются частью MPB и будут переданы вместе с MPB по мере смены владельца MPB.

В настоящее время на Марсе существует 2 типа транспортных средств (которые также являются NFT):

Помимо вождения и катания на скейтбордах, их можно сдавать в аренду для проведения таких мероприятий, как свадебная церемония / прием.По мере нашего прогресса будет добавляться все больше и больше крутых типов транспортных средств, таких как велосипеды, яхты, самолеты или даже космические корабли. Оставайтесь с нами!

Контракт адрес токена: 0x12BB890508c125661E03b09EC06E404bc9289040

Twitterhttps://twitter.com/RadioCacaNFT

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Mediumhttps://radiocaca.medium.com

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