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Has anyone tried BancorX yet?

I've been interested in cross-chain for a while now, and I've heard good things about BancorX like it's fee-less, fast etc Has anyone tried it, and if so what do you make of it? https://i.redd.it/qq7gv7yyh7321.png
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Bitcoin Cash Heats Up | Crypto Governor | AMD Mining | BTC Price | MetaMask Privacy | BancorX Launch

►► Join my Facebook Group for open-crypto discussions, in a non-shilly environment: https://www.facebook.com/groups/276850943146282/ 😀 Thank You For Watching! :D 🚩 Remember to subscribe and hit the bell "🔔" icon! -~-~~-~~~-~~-~- SUPPORT THE CHANNEL ► Patreon Sponsors (Private Telegram Group) - https://goo.gl/vpX5sW ► YouTube Sponsors - https://www.youtube.com/channel/UCdUSSt-IEUg2eq46rD7lu_g/join -~-~~-~~~-~~-~- MUST HAVE ► The Ledger Nano S Crypto Hardware Wallet - https://www.ledgerwallet.com/r/77f9 ►Trezor Hardware Wallet - https://shop.trezor.io?a=jbgeuwlfyv -~-~~-~~~-~~-~- ► Crypt0 Amazon Store: https://goo.gl/ybb9dw ► Crypt0 Merch: https://crypt0.threadless.com/ -~-~~-~~~-~~-~- 📬 Mail Me Something! Omar Bham P.O. BOX 451218 Los Angeles, CA 90045 United States -~-~~-~~~-~~-~- 🔥MORE CONTENT ► The "Crypt0 Plug Podcast" - https://goo.gl/PPHrCY ► The "Crypt0 Minute" YouTube Channel - https://goo.gl/P5Pmbm -~-~~-~~~-~~-~- 💻FOLLOW US ► Crypt0's News Official Site - https://goo.gl/mnWvPL ► Crypt0 Message Boards - https://goo.gl/YuBrTn ► Facebook - https://www.facebook.com/crypt0omar/ ► Instagram - https://goo.gl/tV9kZh ► Twitter - https://goo.gl/fY2W2k ► Snapchat - minamarie0012 ► Steemit - https://goo.gl/YNAK2u ► Official Facebook Group - https://www.facebook.com/groups/276850943146282/ -~-~~-~~~-~~-~- *Nothing I state, share, express, or allude to should be considered professional advice or recommendations of action. This channel is intended for educational and entertainment purposes only. All content contained within is all just my own opinion and experience. Consult a professional (or two...or more) for any tax, accounting or legal related questions you may have.
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EOS FOR IDIOTS: BancorX

Welcome to the first article in a brand-new series called EOS FOR IDIOTS.The goal of this series is to make EOS really easy to understand. I want to make it possible for literally anyone to understand how EOS works.The format could evolve based on feedback from EOS newbies, but for now, each article will contain a simple summary at the very beginning. This will ensure that even the lightest of readers can quickly get the gist of the topic.Another mini goal of this series is to give information about EOS without causing migraines. Most articles about EOS end up giving people only two things: confusion and migraines.EOS is complex and an EOS FOR IDIOTS series is way overdue. In this series, words like algorithm, will be avoided like the plague. 99% of the population doesn’t really know what an algorithm is, so I will use the word math instead of algorithm (whenever possible). Additionally, you will never see any computer code contained in this series.When I find a video that does a better job of explaining the concepts, it will be linked at the beginning of the article, right after summary. Cheers to the future of (hopefully) migraine-free EOS articles and thank you for reading the very first article in the EOS FOR IDIOTS series.BancorXWebsite: https://eos.bancor.network/Telegram: https://t.me/bancorHow To Use BancorX:https://medium.com/media/3c3fa61eb585fbdba54606238a658fb8/hrefSign into the Scatter Chrome extension: https://chrome.google.com/webstore/detail/scatter/ammjpmhgckkpcamddpolhchgomcojkleGo to https://eos.bancor.network/Decide which tokens you want to sell and buy.Press the Next and Proceed buttons to do the transaction.Press the Accept button in Scatter, you’re done!Which EOS tokens are available for exchange on BancorX?CET, HORUS, DEOS, IQ, LUME, MEETONE, MBC, COAT, PGL, HVT, KARMA, FBX, EPRA, DICE, BLACKWhat Problem Does BancorX Solve?BancorX solves the problem of people not being able to buy and sell smaller tokens on EOS in an instant manner. BancorX is able to do this because it does not rely on buyers and sellers. Instead, math is used to enable any token seller to instantly convert one token to another in the EOS ecosystem.Smaller tokens and exchanges suffer from a lack of buyers and sellers. Because exchanges have to match up a buyer who wants to buy the exact amount of a particular token from a seller, this causes the tokens to not be very liquid. Liquid just means the ability of a token to be bought and sold quickly. If a seller has to wait for three days for a buyer to show up, then the usefulness of the token degrades.BancorX is able to solve this problem by getting rid of buyers needing to be matched up with sellers.In Bancor, there is no matching up of people. Bancor uses smart contracts and math to create a formula for converting one token to another. I’m not going to delve into how this complex process is done because that doesn’t follow the ethos of EOS FOR IDIOTS. If you want to learn more in-depth details about how Bancor’s math works, you can delve into it. I got as far as understanding that token conversions on BancorX are made possible by smart contracts and relays.“Wait a minute. The title of this article is BancorX but you keep mentioning Bancor…..What’s the difference between Bancor and BancorX?”Bancor is currently operating to create conversions between ERC-20 tokens on the Ethereum network. BancorX is now operating on the EOS network, plus cross-chain conversions are now possible. This means that you could convert an ERC-20 token for an EOS base token. BancorX is the EOS compatible token exchange where you, for example, will be able to convert your BLACK tokens to KARMA tokens instantly.Note: BancorX launched on November 5, 2018. Even though the Scatter Chrome extension is not being updated, BancorX is still only usable via that extension. We tried using the Scatter desktop version with BancorX, but it didn’t work. If you had different results, please leave a comment below.More About Bancor :https://medium.com/media/53fcf8d35d3c73fc4c6869c1cfeb428c/hrefAnd now for a comic:About UsStellabelle recently joined the GenerEOS team. GenerEOS is a social enterprise block producing candidate with a mission of promoting and supporting scalable and highly reliable block production whilst giving back block rewards to Social Causes.Based out of Sydney, Australia, GenerEOS is founded by a team of like-minded blockchain enthusiasts with diverse backgrounds and a passion to make a difference in the world and fostering the spirit of generosity by giving back.Subscribe to the GenerEOS Medium publication to read more in the EOS FOR IDIOTS series and keep updated on everything EOS.The Future of GivingWebsiteTwitterSteem TelegramRedditGithubFacebookEOS FOR IDIOTS: BancorX was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.
Hackernoon

BancorX Launches With Promise of Decentralized Instant Cross-Chain Crypto Conversion

The Bancor Network announced the launch of a new generation crypto exchange service. The new service acts as a fundamental disruptor to the existing exchange paradigm that requires depositing funds on a centralized exchange, or order matching on a decentralized exchange. In a post on the official Bancor Twitter account on Nov. 5, Bancor revealed that the new service called BancorX will enable seamless conversion within over 110 ERC-20 and EOS-based cryptocurrencies. We are thrilled to announce that our Cross-Blockchain Decentralized Liquidity Network, #BancorX, has officially been pushed live — enabling automated token conversions between 110+ ERC20 and EOS-based tokens. https://t.co/E54nlUElmG pic.twitter.com/NSocQZr11A — Bancor (@Bancor) November 5, 2018 How BancorX Works According to information released by Bancor, unlike on a typical centralized or decentralized exchange, BancorX enables the automated cross-chain exchange of cryptoassets that are based on the Ethereum and EOS blockchains directly in user wallets, which eliminates the risk of depositing funds in a centralized exchange or waiting for order matching on a decentralized exchange. The functionality of BancorX is based on the ability of BNT (Bancor Network Token) to function concurrently across both EOS and Ethereum blockchains, which enables seamless cross-chain transactions. To make this possible, BNT automatically issues and destroys itself simultaneously across different blockchains, which means that a BNT that moves from Ethereum to EOS, for example, is removed from circulation on Ethereum and added to circulation on EOS – thereby keeping the token’s supply constant. If for instance, a user converts an ERC-20 token in a crypto asset based on the EOS blockchain using BancorX, the ERC-20 token is immediately converted into BNT, which is then sent to the BNT smart contract on the Ethereum blockchain. The smart contract receives information for the destination blockchain (in this case EOS), and the BNT is completely removed from circulation on Ethereum. The BancorX EOS smart contract then issues a corresponding amount of BNT on the EOS chain, and this BNT amount can be converted into EOS or any EOS-based cryptoasset using Relays on the Bancor Network. If a user is converting from an EOS token to an Ethereum token, the same process repeats itself in reverse. Added Security Features According to Bancor, a fail-safe has been included in the exchange framework, with a transfer quote built into BancorX smart contracts which assign a maximum amount of BNT that can be transferred across chains at any time. This quote is then periodically reset with each new block produced as it is depleted by transfers, ensuring that the system continues to work smoothly. An excerpt from the announcement post on Bancor’s blog reads: “As BancorX goes live and the first BNTs flow from ETH to EOS and back again, Bancor will aim to remove friction, unify the user experience and ensure the system’s continued decentralization and utility. With real blockchain interoperability, the possibilities for token-powered applications proliferate dramatically. We are thrilled to introduce this new tool — and to see what you do with it.” The post BancorX Launches With Promise of Decentralized Instant Cross-Chain Crypto Conversion appeared first on CryptoSlate.
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Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust

Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust Digital currency investment group Grayscale confirmed it had successfully launched its latest fund, dedicated to Stellar’s Lumens (XLM) token, in a tweet Jan. 17. Grayscale, which now operates nine cryptocurrency funds, timed the move to coincide with a change of image for its products, renaming all its […] Cet article Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust est apparu en premier sur Bitcoin Central.
Bitcoin Central

Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project

CoinSpeaker Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project Until now, everybody has been talking about Bitcoin, the most popular and widely used digital currency. However, Bitcoin is unable to process thousands of transactions a second. Researchers from the Massachusetts Institute of Technology (MIT), UC-Berkeley, Stanford University, Carnegie Mellon University, University of Southern California, and the University of Washington have decided to fix such a weakness and develop a crypto asset better than Bitcoin. The researchers are working together as Distributed Technology Research (DTR), a non-profit organization based in Switzerland and backed by hedge fund Pantera Capital. The first initiative of Distributed Technology Research is the Unit-e, a virtual coin that is expected to solve bitcoin’s scalability issues while holding true to a decentralized model and process transactions faster than even Visa or Mastercard. Babak Dastmaltschi, Chairman of the DTR Foundation Council, said: “The blockchain and digital currency markets are at an interesting crossroads, reminiscent of the inflection points reached when industries such as telecom and the internet were coming of age. These are transformative times. We are nearing the point where every person in the world is connected together. Advancements in distributed technologies will enable open networks, avoiding the need for centralized authorities. DTR was formed with the goal of enabling and supporting this revolution, and it is in this vein that we unveil Unit-e.” According to the press release, Unit-e will be able to process 10,000 transactions per second. That’s worlds away from the current average of between 3.3 and 7 transactions per second for Bitcoin and 10 to 30 transactions for Ethereum. Joey Krug, a member of the DTR Foundation Council and Co-Chief Investment Officer at Pantera Capital, believes that a lack of scalability is holding back cryptocurrency mass adoption. He said: “We are on the cusp of something where if this doesn’t scale relatively soon, it may be relegated to ideas that were nice but didn’t work in practice: more like 3D printing than the internet.” The project’s ideology is firmly rooted in transparency, with a belief in open-source, decentralized software developed in the public interest with inclusive decision-making. The core team of the project is based in Berlin. To solve the scalability problem, DTR has decided to develop the Unit-e with parameters very close to Bitcoin’s design, but many things will be improved. Gulia Fanti, DTR lead researcher and Assistant Professor of Electrical and Computer Engineering at Carnegie Mellon University, commented: “In the 10 years since Bitcoin first emerged, blockchains have developed from a novel idea to a field of academic research. Our approach is to first understand fundamental limits on blockchain performance, then to develop solutions that operate as close to these limits as possible, with results that are provable within a rigorous theoretical framework.” The launch of the Unit-e is planned for the second half of 2019. Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project
Coinspeaker

BitPay CEO Says Bitcoin Is Solving Real Problems Around the World

BitPay co-founder and CEO, Stephen Pair, has recently commented that Bitcoin (BTC) is solving several issues around the world. He said that in a press release uploaded a […] The post BitPay CEO Says Bitcoin Is Solving Real Problems Around the World appeared first on UseTheBitcoin.
Use The Bitcoin

Trillion Dollar Market Cap, Ethereum Chain Splits & Stellar Lumens Fund - Crypto News

In this video, Mattie gives you the latest bitcoin and crypto news. He talks about the ethereum chain splitting, BitGo CEO Says Institutional Money in Crypto Can ‘Easily’ Reach Trillions of Dollars, and a new Stellar Lumens fund. This is a daily segment! ----------------------------------------------------------------------------------- CHECK OUT OUR PODCAST: https://bit.ly/2sZCAiF New episode every Monday and Friday! ----------------------------------------------------------------------------------- Check out Altcoin Buzz Ladies! https://www.youtube.com/channel/UCxulvI2C9wUvvDDNS7S35fA/videos ---------------------------------------------------------------------------------- Connect with us on Social Media: Twitter: https://bit.ly/2GDAoCp Facebook: https://bit.ly/2wYksLB Telegram: https://bit.ly/2IAqDuI ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: https://bit.ly/2rWQnHa CoolWallet S: https://bit.ly/2Liy5bv Trezor: https://bit.ly/2IXrZic Ledger Nano S: https://bit.ly/2IyE3al KeepKey: https://bit.ly/2x5TlhM Read about them here: https://bit.ly/2rTdthZ --------------------------------------------------------------------------------- References: Leading Crypto Asset Manager Grayscale Launches Stellar Lumens Trust https://www.altcoinbuzz.io/crypto-news/finance-and-funding/leading-crypto-asset-manager-grayscale-launches-stellar-lumens-trust/?fbclid=IwAR2AlAU_C_8Mm9CUm2hDci0pmdW3pvLzphS-BSy888SzDptaXMeifxZgJ1I Crypto Investment Firm Grayscale Launches Fund Dedicated to Stellar Lumens (XLM) https://www.cryptoglobe.com/latest/2019/01/crypto-investment-firm-grayscale-launches-fund-dedicated-to-stellar-lumens-xlm/ Grayscale Tweet https://twitter.com/GrayscaleInvest/status/1085904356635959297?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1085904356635959297&ref_url=https%3A%2F%2Fwww.altcoinbuzz.io%2Fcrypto-news%2Ffinance-and-funding%2Fleading-crypto-asset-manager-grayscale-launches-stellar-lumens-trust%2F Grayscale https://grayscale.co/stellar-lumens-trust/ BitGo CEO Says Institutional Money in Crypto Can ‘Easily’ Reach Trillions of Dollars As Company Launches Cold Storage Trading https://dailyhodl.com/2019/01/17/bitgo-ceo-says-institutional-money-in-crypto-can-easily-reach-trillions-of-dollars-as-company-launches-cold-storage-trading/ Crypto’s Billion-Dollar Theft Problem Prompts Safer Way to Trade https://www.bloomberg.com/news/articles/2019-01-16/crypto-s-billion-dollar-theft-problem-prompts-safer-way-to-trade Ethereum Chain Splits, An Estimated 10% of Miners Stay on Constantinople https://www.trustnodes.com/2019/01/17/ethereum-chain-splits-an-estimated-10-of-miners-stay-on-constantinople Ethereum Upgrade – Constantinople Hard Fork Delayed https://www.altcoinbuzz.io/crypto-news/product-release/ethereum-upgrade-constantinople-hard-fork-delayed/ VanEck to Nasdaq: Bitcoin Market Structure Expected to Improve in 2019 https://www.newsbtc.com/2019/01/17/vaneck-to-nasdaq-bitcoin-market-structure-expected-to-improve-in-2019/ Nasdaq Tweet https://twitter.com/Nasdaq/status/1085522054559031296?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1085522054559031296&ref_url=https%3A%2F%2Fwww.newsbtc.com%2F2019%2F01%2F17%2Fvaneck-to-nasdaq-bitcoin-market-structure-expected-to-improve-in-2019%2F -------------------------------------------------------------------------------- DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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