Japan Might Launch It’s Own Crypto Called J-Coin

Japan Might Launch It’s Own Crypto Called J-Coin

The 2020 Olympic Games will happen in Tokyo, Japan and the Japanese want to be ready for the influx of people that will come into the country for the event. Banks in Japan are now hoping to create a digital token and fully replace cash before the Olympic Games. The goal is to make the Japanese financial system more streamlined as cash transactions cost significantly more than digital transactions.

From CoinTelegraph:

“The J-Coin is intended to function in tandem with the Yen, rather than replacing it. The coin would be exchanged at a one-to-one ratio. The service for the coin would be offered freely but would be a means of tracking transactions that is far more complex in a cash-based society.

The coin will likely see release in the coming years, though the infrastructure of the system is not yet clear. It may be based on Blockchain technology, but the specifics are as yet unreleased. Recent reports from the Bank of Japan indicate that it does not consider Blockchain technology ‘mature’ enough to handle transactions.

The suggestion of a government cryptocurrency falls in line with the idea that governments around the world are seeking to start their own proprietary cryptocurrencies.”

Get Ready! Hardware Wallets Are Coming To Exodus – The Full Exodus Wallet Roadmap

Get Ready! Hardware Wallets Are Coming To Exodus – The Full Exodus Wallet Roadmap

Exodus is easily one of our favorite Bitcoin and cryptocurrency wallets. The UI is amazing, you can store a multitude of different blockchain tokens and there is a built in exchange tool.

AND EXODUS LETS YOU CONTROL YOUR PRIVATE KEYS 👍

Currently Exodus supports Aragon, Augur, BAT, Bitcoin, Civic, Decred, Dash, EOS, Ethereum, Gnosis, Golem, Litecoin, OmiseGo, Qtum and SALT.

And now It has been confirmed! Hardware wallets will be available for Exodus!

“The Exodus team is very keen to add hardware wallet support (e.g. Trezor, KeepKey, Ledger Nano). I can also tell you that personally JP and I both want hardware wallet support ASAP… We also have heard from a number of high-net worth investors this is the ideal platform with the added hardware auth.

We can likely expect support for hardware wallets on Exodus sometime in 2018. The roadmap below has all the details on what Exodus plans to work on.

From woobull.com:

 

The Full EXODUS Roadmap

Feature Standard Release Eden[1]Release Details
Bitcoin 2015.12.09
Litecoin 2015.12.09
Dogecoin Removed Available in the initial 0.4.0 public release (2015.12.09), but removed for users with zero balances in 1.31.0 (2017.08.03) and fully removed from 1.34.0 onwards (2017.09.14) see Reddit post for more details.
Ethereum 2016.02.12 ERC20 asset support in v1.23.0 (2017.04.14)
Dash 2016.04.08 Excludes InstantX and PrivateSend features.
Golem 2017.04.14 Golem is the first ERC20 token to be supported by Exodus.
Augur 2017.04.27
Decred 2017.06.22 Excludes support for staking, but this is under evaluation for a future release.
EOS 2017.07.06
Aragon 2017.07.06
Gnosis 2017.07.20
OmiseGo 2017.08.25
Basic Attention Token 2017.08.31 2017.08.25
Civic 2017.09.14
Qtum 2017.08.31 2017.08.25
0x 2017.08.25
Bancor 2017.08.25
Bitcoin Cash 2017.08.25
DigixDAO 2017.08.25
District0x 2017.08.25
FirstBlood 2017.08.25
FunFair 2017.08.25
Metal 2017.08.25
Status 2017.08.25
Storj 2017.08.25
Wings 2017.08.25
Factom 2017.08.31 Private beta released 2017.02.10
SALT 2017.09.20
Ethereum Classic 2017.09.23

Exodus Eden Updates

  • 2017.08.25 : v1.32.0
  • 2017.08.31 : v1.33.1 : FCT
  • 2017.09.20 : v1.34.2 : SALT
  • 2017.09.23 : v1.34.3 : ETC

Future Roadmap

Feature Status Details
SEGWIT developing Support for Bitcoin SegWit transactions, currently under development, will reduce transaction fees.
Ripple developing
NEO developing
Monero 2017 Monero remains on the Exodus roadmap and we are excited to include this asset. Unfortunately, the UI/UX of Monero remains difficult and is still not ideal. Today novice users continue have difficulty with transaction notifications from the current beta GUI wallet from the Monero core team. Because Exodus does personal one-on-one support for each Exodus user we feel including Monero too early would cause a massive support burdon and confuse casual digital asset enthusiasts. Good news is we are getting closer and we do expect Monero to be included in 2017. Although pros and technical users may like bleeding edge technology, until Monero is rock solid, tested and “dog-fooded” internally Exodus will not release Monero until it is ready for “normal” (non-technical) digital asset consumers. Exodus posted an update on Reddit regarding the history and details on XMR integration (Jan 31, 2017).
ICONOMI 2017 Iconomi is an ERC20 token and expected to be released in 2017
Omni 2018 Likely in 2018. Omni, Maid, Tether all fall in the same body of work for Exodus
Maidsafe 2018 Maid is an Omni token and was expected to be released in 2017, but now delayed until 2018. These assets are built on the Bitcoin blockchain and will be contingent on the hard fork outcome in Q4 2017.
Tether 2018 Tether is an Omni token was expected to be released in 2017, but now delayed until 2018. These assets are built on the Bitcoin blockchain and will be contingent on the hard fork outcome in Q4 2017. We are most excited about Tether because of the ability to have a stable peg inside of the Exodus environment.
2FA planned 2-factor authentication support is on the roadmap, this is likely to precede Hardware Wallet Support
HARDWARE WALLET planned The Exodus team is very keen to add hardware wallet support (e.g. Trezor, KeepKey, Ledger Nano). I can also tell you that personally JP and I both want hardware wallet support ASAP… We also have heard from a number of high-net worth investors this is the ideal platform with the added hardware auth.
. .
Siacoin evaluating Exodus is intrigued with Sia but have not looked the tech to see what the options are.
SingularDTV evaluating SingularDTV is an ERC20 token.
TenX evaluating
Zcash evaluating If the Zcash network remains stable and has continual upgrades it is likely we will support this asset in 2017.
. .
Blackcoin excluded Exodus will have more interest in integrating staking protocols once Ethereum moves to proof-of-stake with Casper
Bytecoin excluded
Counterparty excluded
GameCredits excluded
IOTA excluded
Lisk excluded
NEM excluded
NXT excluded
Peercoin excluded Exodus will have more interest in integrating staking protocols once Ethereum moves to proof-of-stake with Casper
Steem excluded
Stellar excluded
Synereo excluded
Waves excluded

UPDATE HISTORY:

  • 2016-09-19: Storj, Siacoin, Blackcoin, Peercoin, Synereo, Bytecoin
  • 2016-09-23: Zcash
  • 2016-09-30: Monero, Omni, Tether
  • 2016-10-07: ICONOMI, Augur, SingularDTV, DigixDAO
  • 2016-10-17: Ethereum Classic
  • 2016-10-25: Waves
  • 2016-11-05: Maidsafe, Omni, Tether
  • 2016-11-13: Monero
  • 2017-01-15: Updates to status of most coins
  • 2017-02-13: Factom
  • 2017-03-07: Factom ETA updated
  • 2017-04-02: Factom ETA updated
  • 2017-04-06: ERC20, Golem
  • 2017-04-17: ERC20, Golem
  • 2017-04-22: Decred, Storj
  • 2017-05-01: Augur
  • 2017-06-05: Ethereum Classic
  • 2017-06-07: Factom
  • 2017-06-22: Decred
  • 2017-07-10: EOS, Aragon
  • 2017-07-20: Gnosis, Dogecoin, 2FA support
  • 2017-08-17: OmiseGo
  • 2017-08-27: Exodus Eden Assets: 0x, Basic Attention Token, Bitcoin Cash, Bancor, Civic, DigixDAO, District0x, FirstBlood, FunFair, Metal, Qtum, Status, Storj
  • 2017-08-27: Roadmap updates: OMNI, Tether, Ripple, NEO, IOTA, SALT, SegWit Txs
  • 2017-09-18: Basic Attention Token, Civic, Qtum
  • 2017-09-21: Factom, SALT
  • 2017-09-24: Ethereum Classic
Monero Is Now The Only 100% Anonymous Cryptocurrency

Monero Is Now The Only 100% Anonymous Cryptocurrency

A new blockchain analysis firm has released surprising news about Dash and ZCash. There is only one true anonymous cryptocurrency on the market at this time, and it is Monero.

BlockSci, a new blockchain analysis firm, has successfully traced transaction from beginning to end on both DASH and ZCash. This is bad news for these blockchain projects as their biggest focus and value add is anonymity. Now this is technically gone.

The good news is that they were not able to trace transactions on Monereo. Monereo’s level of anonymity and obfuscation is still impenetrable.

MONERO Is Still 100% Anonymous. 👍

From themerkle.com:

Criminals flocking to other cryptocurrencies may want to think twice about those as well. As BlockSci’s whitepaper explains, there are very few cryptocurrencies which have eluded their scrutiny. One of those currencies is Monero, as it provides a degree of anonymity and obfuscation the group has not been able to crack just yet. Monero is officially labeled an “unsupported blockchain due to it not following the one-input one-output paradigm.” That is an interesting point which shows how Monero may be the only cryptocurrency providing full privacy and anonymity right now.

Some people may wonder how Monero is any different from Dash or even ZCash in this regard. While it is true the latter two cryptocurrencies have focused on privacy and anonymity to a degree, their implementations are far from perfect. BlockSci describes how they successfully traced both ZCash and Dash transactions from beginning to end, regardless of features like PrivateSend. This is anything but good news for people who value these currencies for their privacy or anonymity features.

In reality Dash and ZCash user don’t have to worry much. It would be expensive to hire a blockchain analysis consultant to track transactions on these privacy centered blockchains. Just know it can happen.

We still think Dash and ZCash are great. Even if transactions can be traced, it’s still a blockchain asset protected by cryptography. No one can take your crypto assets without your private key.

About Monero:

STEEM Launches Smart Media Tokens

STEEM Launches Smart Media Tokens

Steemit just released some very exciting news! Anyone can now launch a blockchain token on the STEEM blockchain using what is called SMTs or Smart Media Tokens.

Blockchain tokenization is becoming extremely popular with the rise of ICOs or Initial Coin offerings on Ethereum like the ERC-20 tokens and on BitShares with User Issued Assets.

Now Steem joins the world market for user created blockchain tokens, but with some unique features. Smart Media Tokens utilize a Proof of Brain algorithm by which the cryptocurrency is distributed. This simply describes the upvoting and payout structure for a system like Steemit. Now anyone can create a token for their content based project, just like Steemit.

 

From the Whitepaper:

Steem’s Smart Media Tokens (SMTs) give anyone the power to launch and sell Proof-ofBrain[1] tokens, which are tokens distributed by “upvote” and “like”-based algorithms
and can be integrated with websites to align incentives and spur growth, while websites are
empowered to adopt sustainable, currency-centric revenue models. This model has been
tested and continues to be proven by steemit.com, busy.org, chainbb.com, dsound.audio,
dtube.video and other Steem interfaces, which are monetizing content, tokens and media
in a way never before seen. Source: smt.steem.io

The possibilities are vast with this development. ANY PERSON can now launch their own crypto on STEEM wich has NO FEES! That is huge. Established brands, new brands, even a competitor like Reddit could utilize SMTs for their content.

*It is important to remember that growth of SMTs will lead to more transactions on the STEEM blockchain and demand for the STEEM Crypto assets. This is great news for holders of STEEM and STEEM Power.

 

The News via Ned Scott – CEO, Steemit Inc:

How Smart Media Tokens Work: An Animated Explanation

Shoutout to @dougkarr for creating the video! Way to go! 👍

Steem STMs are similar to “User-Issued Assets” which can be created on the BitShares DEX. Both BitShares and Steem blockchains utilize Graphene 2.0 technology for cryptographically secure decentralized ledgers.

Graphene Technical Documentation

User-Issued Assets on BitShares Decentralized Exchange:

bitshares accepted here

The BitShares platform provides a feature known as “user-issued assets” to help facilitate profitable business models for certain types of services. The term refers to a type of custom token registered on the platform, which users can hold and trade within certain restrictions. The creator of such an asset publically names, describes, and distributes its tokens, and can specify customized requirements, such as an approved whitelist of accounts permitted to hold the tokens, or the associated trading and transfer fees.

*Regulation-compatible cryptoasset issuance

Source: bitshares.org

 

Earning And Rewarding On Steemit – An Explanation Of Voting Power [STEEM POWER]

Earning And Rewarding On Steemit – An Explanation Of Voting Power [STEEM POWER]

We love the Steemit platform here at BitcoinShirtz. We think the Steemit is truly revolutionary and we produce tons of content under @bitcoinshirtz.

So What is Steemit? And what is STEEM POWER?

Steemit.com is the world’s fastest growing decentralized social media platform. Steemit connects to a robust blockchain database called Steem. This blockchain database distributes rewards in cryptocurrency to the users who bring the best content (blogs, comments, videos etc.) to the Steemit site.

STEEM can be traded for Bitcoin or other crypto assets on almost all crypto exchanges.

STEEM can be bought, but also earned. Earn STEEM POWER or STEEM DOLLARS for producing blog type content on the platform. Earnings depend on the amount of upvotes or downvotes a post receives. The voting system of Reddit works in a similar way just without cryptocurrency.

The role of voting power or STEEM POWER sounds complicated, but it is quite simple. Users with STEEM POWER are invested in the platform and have vested their stake. In return users get voting power. Everyday the Steemit blockchain pays content creators. Those that are invested get to decide with their upvotes, who should get paid. Think of a board of directors voting on a proposition, each person votes with their unique percentage. Steemit rewards work in a similar way.

An Explainer Video On STEEM POWER Produced By @sethlinson

For a more full detailed explanation on STEEM POWER and the Steemit blockchain platform please explore the Steemit white paper. You can check out the PDF in the link below.

We Accept STEEM For Our Products!

Steem is one of the many cryptocurrencies that we accept for our shirts and hoodies.

Crank out some awesome content on Steemit and use some funds to buy crypto clothing! How cool is that?

Let’s build the crypto economy. It starts with you. And it starts with us.

What Is Money And Where Does It Come From

What Is Money And Where Does It Come From

Have you ever wondered how money is created, or even what is money?

Some people such as economist point out the differences between money and currency. But for the average person, they are the same.

There are many forms of money. Gold and silver have been considered money for most of human history. But over the last 100 years we have seen a rise in fiat currencies. These currencies begin as worthless paper and governments dictate the value. People must agree to it’s value and use it as a means of exchange.

Cryptocurrencies and money built with blockchain technology will consume the next phase of money. People want control of their assets and they don’t want governments printing more money at random and inflating their currency.

Good money tends to have attributes like wide acceptance, being fungible, being divisible, good at holding value, and easily transportable.

Check out this episode of the True Liberty Podcast.

Watch to learn about money, Bitcoin, fiat notes, and modern systems of central banking (and why decentralized banking is the future)

About The True Liberty Podcast

Why

The world today is broken. There is poverty, suffering, violence, and enslavement. These conditions are not the proper state of the world, nor are they necessary. This world is a reflection of the people within it; people who do not understand Truth, people who are not Free.

How

An answer without a question is a solution without a problem. The world is full of people arguing about answers, but not understanding the questions. One cannot be Free without knowing the Truth, and one cannot learn the Truth without asking questions. One cannot ask questions when one believes he already knows the answer.

What

A better world is possible. A world of Free people, people who seek the Truth. This is the world we wish to create; this is the world in which we want to live. We know it is possible, but we cannot build it alone, for as one suffers, all suffer. By asking questions, and inviting others to ask them with us, together we will learn the Truth, and the Truth will set us Free.

Who

The Co-Founders of True Liberty are Adam Ernest, Nathan Hourt, and Will Long. Read their stories on the True Liberty Blog.