So what is the game about? A frog has to jump from one water lily leaf to another. The frog is jumping – and you are getting points. However, you must pay attention to the hungry crocodile. Everything is simple, isn’t it?
There are several rules:
Frogs DON’T eat crocodiles
If you ignore these rules, your account will be blocked.
Blockchain - technology of the future
What is most lacking for business today? Probably confidence. Because without confidence extremely difficult to do business, there is a need for intermediaries, guarantees and collateral. Can I change this? Yes, and technology blockchain is able to help.
What is the power of this technology and how it works? First you need to divide the concept of "blockchain" into components, which are very often confused. Namely Bitcoin as a currency, blockchain technology that lies at the heart of Bitcoins, and the idea blockchain as such.
To understand what is the essence of blockchain technology , hold analogy with the file-sharing service, which had dealt with almost all PC users. The first breakthrough in this field, though not legal, was Napster. Appearing in 1999, it has provided free access to millions of music tracks. Despite the fact that Napster was quickly closed , many similar servers followed in his footsteps. It's no secret that most of them were used for the "pirate" the distribution of movies, games, music and software. As an example, known for all file sharing service Torrent. Peer to peer sharing technology found its legal use. That Spotify, Skype itself Bitcoin.
What is the principle of trust,laid in the basis blockchain? The fact that there is a community basis blokchain whose members collectively support its viability. According to the strict rules laid down, all the changes are made only with the consent of the majority. All information that is distributed between the computers community members is publicly available, but none has sole control over it. If we consider the example of Bitcoin is, the system constantly monitors blokcheyna all transactions and Bitcoin - purses and prevents, for example, dual-use Bitcoins.
But as they say, not the one ... Blokchain Bitcoin has the potential to work in other areas. This and dozens of startups who earn at blockchain technologies and possibility to create new trust accounting system to carry out any transactions. For example, they can carry out transactions that require the consent of two or more parties, be carried out only after the pre-specified transaction.
The idea started with Napster centralized file sharing from its inception has changed and perfected technology has become a trust.
The amount of investment in the Bitcoin ecosystem has exceeded $ 1 billion
Recently, «Coin Summit», which took place in San - Francisco, considered the question of investing money, private investors in the ecosystem cryptocurrency. Why this question arise Because investors are faced with a choice, to invest in start-ups or to buy a share of joint-stock capital. As a response to this question, it was suggested at the summit of Ben Davenport, who is the creator and owner of Facebook Massenger stake Bit Pay, Coinsetter, itBit and Yoyocard. " Investors probably should not invest money only in a startup company, if he does not participate in the system bitcoin. If we look at the history of cryptocurrency, it is clear that the only way to get high profits with minimal risk it - buying bitcoin. "
Already in 2015, investments in companies working with cryptocurrency or basic technology, have exceeded $ 1 billion. Interestingly, most of it is in direct money blokcheyn and not in itself Bitcoin. Recall. What "blockchain", a technology which underlies bitcoin and all cryptocurrency. It is a large database that stores information about all transactions that ever took place, and information about all available bitcoin - wallet.
So what are investors interested in the company today? It is clear that demand those working on ways to store and share cryptocurrency. Also a great interest are companies that try to accommodate the basic technology blockchain to solve very different and new challenges. Because these companies have the potential to further develop together with the Bitcoin ecosystem.
The impetus for the growth of investment in the digital currency is that large sharks banking business ceased to demonize the technology. Carefully examined, they saw a direct benefit from its use. Although, interestingly, in essence Bitcoin advocates opponent of these institutions, without being dependent on any of them, nor of the world's governments.
This system is a union of like-minded people, interconnected solutions to common problems. This accented at the end of the summit and Davenport. He called on all concerned people to seek for cooperation, noting that this is closely related to the ecosystem as a Bitcoin, startups are not competing projects. On the contrary, only with a chance to survive and succeed.
We must understand that the newly created world Bitcoins are extremely dependent on the success of all participants in the system.
Saying Crypto-currency - Meaning Bitcoin?
When I'd first heard about crypto-currency, it was actually in the context of Bitcoin talk. So these two concepts were really equivalent to me. It's not strange, because Bitcoin was actually the first crypto-currency. However, these days the idea of crypto-currency contains much more than Bitcoin only.
First, let's understand what crypto-currency means. Crypto-currency, or digital currency, is actually information, encoded by the methods of cryptography. Crypto-currency is decentralized, which means that no world bank has any control upon digital money. So if you buy something, it's only you and the seller, no intermediary between you, no commission and fees.
As was mentioned above, Bitcoin was the first crypto-currency (and the most successful so far). It was created in 2009 and becomes more and more popular with time. However, the idea of crypto-currency was so intriguing, that more digital currencies have started to emerge. Now there is nearly 500 different crypto-currencies, that differ from Bitcoin to smaller of bigger extent.
Alternative coins, or Altcoins, support the main idea of crypto-currency - decentralization. They all are based on Bitcoin principles, however, every altcoin differs in some details: speed of transaction, number of coins which can be possibly mined, methods of distribution, etc. Altcoins have the communities where their peculiarities are most needed, and Bitcoin does not fit perfectly.
Some of altcoins have become really popular. For example, Litecoin - it is called silver, if Bitcoin is gold. Some other popular altcoins are Ethereum, Riple, Dogecoin, Peercoin. This is the list according to the market capitalization of crypto-currency - the value in dollars of all coins existing in the market. Ethereum, a new crypto-currency and a blockchain platform, launched in July, 2015, takes now the second place in market capitalization chart (more than $490 million or 1 million BTC).
So, we can sum up that a few years ago crypto-currency really meant Bitcoin only. However, it is becoming broader concept, if we can say so, with each month. And financial analytics forecast a great future of digital money, so building a close acquaintance with crypto-currency is a good idea.
Conservation Law in Bitcoin Faucets
What is money? It is a specific commodity that is an equivalent form of evaluating other goods and services, which was agreed by some group of people. Meaning that money in itself is not valuable, valuable are the things that can be bought for it. Money is like energy – if it appears in one place, it disappears in another, this is the way how economics work.
Is it possible to receive money for free? Of course, but, for that, someone must earn it and then give it to anybody else. On the similar principle charity funds work – rich people give the part of their income to help poor ones. Or one can become a philanthropist – to finance art projects with unselfish aim.
Far from unselfishness are the owners of network resources that offer free Bitcoins or other crypto-currencies. These resources are called faucets, because they function in much the same way – like those devices in your kitchen or bathroom, when closed not tightly – drops of “reward” periodically fall and you have to catch them. To receive these “drops” you have to just visit a website, enter your Bitcoin wallet address, pass the verification procedure and prove you are a human being, and spend several moments of your precious time before you take your reward.
This moment of your time is your payment for the free Bitcoins. Websites place ads and, while you were waiting, you were looking at them and maybe even clicked on one of the banners. Such clicks give earnings to website owners, and they share these earnings with website visitors. So the conservation law is working.
However, you didn’t spend much time, and you received hundreds or thousands of Satoshi. This sum is small as well, 1 Satoshi= 0.00000001 ฿, so the exchange of your time for money is equivalent. From this one can draw a conclusion – want to earn more money (read – get free Bitcoins), you must visit more faucets (they are hundreds on the network). You should choose several websites with good reputation and visit them regularly, since you can receive rewards periodically (every hour, for instance).
RWE Uses Ethereum Blockchain
With the development of service industries, the energetic company RWE in Germany, which has more than 20 million of clients all over the world, has decided to use blockchain technology to reduce spending and improve the experience of clients’ services.
The company has partner relations with Slock.it start-up, founded by the former commercial director of Ethereum community Stephan Tual. Recently, Tual and the innovation program manager in the RWE Carsten Stocker discussed one of the possible ways of using blockchain technology. It is charging stations for electric cars, which use smart contracts on the blockchain basis for user authentication and control on forming payment bills.
As Stocker states, the project has a working prototype, which has recently debuted on the Lift 2016 conference in Geneva, Sweden. He also told that the next stage will be moving the prototype to the test bench with real electric cars and charging stations. The process will be tested during the next year. Prototype works on Ethereum blockchain technology, using the charging station as the point of client’s authentication and payment processing. The main goal of the experiment is proving that users will save money, using micro transactions by more effective use of electricity.
The push for using blockchain technology has become the possibility to change the way the company cooperates with IT-services customers. Charging the car from the station, connected to the blockchain network, the client will deal with “machines that work on RWE behalf”, explained Tual. He added that this technology will allow changing the work of charging stations, which is quite expensive in service right now. Tual also told that the combination of blockchain technology and work on the energy supply is very perspective and is able to change the whole logistics chain in energy sphere – from production to final consumption.