cryptolegit
cryptolegit
Crypto Legit
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cryptolegit · 3 years ago
Video
youtube
by Paul Mears
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cryptolegit · 3 years ago
Video
youtube
by Paul Mears
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cryptolegit · 3 years ago
Video
youtube
by Paul Mears
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cryptolegit · 3 years ago
Video
youtube
EURUSD , FX, ORDER BLOCKS, FVG, ICT, FX CHARTS by Paul Mears
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cryptolegit · 3 years ago
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AUDNZD CHART ORDER BLOCKS, FAIR VALUE GAPS by Paul Mears
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cryptolegit · 3 years ago
Video
youtube
by Paul Mears
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cryptolegit · 3 years ago
Video
youtube
by Paul Mears
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cryptolegit · 3 years ago
Video
youtube
by Paul Mears
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cryptolegit · 3 years ago
Video
youtube
Using a combination of technical tools including fibonacchi and Elliot Wave sit is possible to identify scenarios to consider where Bitcoin may be trading to in the near and longer term future We take a look at bitcoin price prediction and btc price prediction as well as btc prediction and bitcoin prediction 2022. A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attackers. The network itself requires minimal structure. Messages are broadcast on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone. by Paul Mears
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cryptolegit · 3 years ago
Video
youtube
by Paul Mears
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cryptolegit · 3 years ago
Video
youtube
by Paul Mears
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cryptolegit · 3 years ago
Video
youtube
Possible set ups for MATICUSDT by Paul Mears
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cryptolegit · 3 years ago
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ENJUSDT by Paul Mears
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cryptolegit · 3 years ago
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BTCUSD chart 4 April 2022 by Paul Mears
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cryptolegit · 3 years ago
Video
youtube
About Chainlink (LINK) Chainlink is an oracle that provides off-blockchain data to smart contracts. Chainlink was first described in a white paper published in September, 2017. Chainlink is a decentralized network that connects smart contracts to external data. It aims to bring real world data onto the blockchain so that smart contracts can interact with real world events and information that exist off-blockchain. Chainlink was built to increase the potential applications and possibilities for smart contracts and reduce their need to rely on trusted third parties. Token LINK is the digital asset token used to pay for services on the Chainlink network. It is built on Ethereum in accordance with the ERC20 standard for tokens. LINK can be bought and sold for fiat currency or other digital currencies. Where Do LINK Tokens Fit In? Requesting Contract holders use LINK to pay Chainlink node operators for their work. Prices are set by the Chainlink node operator based on demand for the data they can provide and the current market for that data. Chainlink node operators also use LINK to stake in the network; node operators must deposit LINK with Chainlink to demonstrate their commitment to the network and incentivize good service. The Chainlink Reputation Contract considers the size of a node’s stake (among other criteria) when matching nodes with requests for data. Nodes with a greater stake are therefore more likely to be chosen to fulfill requests (and thus earn LINK tokens for their services). Moreover, the Chainlink network punishes faulty or dishonest nodes by taxing their stake of LINK for poor service. LINK is built on Ethereum in accordance with the ERC-20 standard for tokens. It can be bought and sold for fiat currency or other digital currencies. How Chainlink Nodes Reliably Validate Data Chainlink nodes then take the Requesting Contract’s request for data and use “Chainlink Core” software to translate that request from on-blockchain programming language to an off-blockchain programming language a real-world data source can understand. This newly translated version of the request is then routed to an external application programming interface (API) that collects data from that source. Once the data has been collected, it’s translated back into on-blockchain language through Chainlink Core and sent back to the Chainlink Aggregating Contract. Here’s where things get really interesting. The Chainlink Aggregating Contract can validate data from a single source and from multiple sources — and it can reconcile data from multiple sources. Chainlink Oracles Bridge the On- and Off-Chain Chasm This is where oracles come into play. An oracle is software known as ‘middleware’ that acts as an intermediary, translating data from the real world to smart contracts on the blockchain and back again. However, a single centralized oracle creates the very problem a decentralized, blockchain-secured smart contract aims to solve — a central point of weakness. If the oracle is faulty or compromised, how would you know if your data is accurate? What good is a secure, trustworthy smart contract on the blockchain if the data that feeds it is in question? So, let’s do a quick recap on smart contracts and oracles: Smart contracts are immutable and verifiable contracts that automatically execute in an IF/THEN framework when conditions are met. The data that defines these conditions has traditionally come from the blockchain. Recently, oracles have been introduced into the crypto ecosystem to bring off-chain data to on-chain smart contracts. But, centralized oracles diminish the benefits of on-blockchain smart contracts because they may be untrustworthy or faulty. by Paul Mears
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cryptolegit · 3 years ago
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youtube
Polkadot - DOTUSDT True interoperability Polkadot enables cross-blockchain transfers of any type of data or asset, not just tokens. Connecting to Polkadot gives you the ability to interoperate with a wide variety of blockchains in the Polkadot network. Economic & transactional scalability Polkadot provides unprecedented economic scalability by enabling a common set of validators to secure multiple blockchains. Polkadot provides transactional scalability by spreading transactions across multiple parallel blockchains. Easy blockchain innovation Create a custom blockchain in minutes using the Substrate framework. Connect your chain to Polkadot and get interoperability and security from day one. This ease of development helps Polkadot's network grow. High energy efficiency Polkadot consumes a small fraction of the energy used by conventional blockchains thanks to its next-generation nominated proof-of-stake (NPoS) model. Using the equivalent of ~6.6 US households worth of energy per year, Polkadot has the lowest carbon footprint among proof-of-stake protocols analyzed in recent research. Security for everyone Polkadot's novel data availability and validity scheme allows chains to interact with each other in a meaningful way. Chains remain independent in their governance, but united in their security. User-driven governance Polkadot has a sophisticated governance system where all stakeholders have a voice. Network upgrades are coordinated on-chain and enacted autonomously and without forking the network, ensuring that Polkadot’s development remains future-proof and community-driven. Any type of data across any type of blockchain Polkadot is a network protocol that allows arbitrary data—not just tokens—to be transferred across blockchains. This means Polkadot is a true multi-chain application environment where things like cross-chain registries and cross-chain computation are possible. Polkadot can transfer this data across public, open, permissionless blockchains as well as private, permissioned blockchains. This makes it possible to build applications that get permissioned data from a private blockchain and use it on a public blockchain. For instance, a school's private, permissioned academic records chain could send a proof to a degree-verification smart contract on a public chain. Connecting the dots Relay Chain The heart of Polkadot, responsible for the network’s shared security, consensus and cross-chain interoperability. Parachains Sovereign blockchains that can have their own tokens and optimize their functionality for specific use cases. Parathreads Similar to parachains but with a pay-as-you-go model. More economical for blockchains that don’t need continuous connectivity to the network. Bridges Allow parachains and parathreads to connect and communicate with external networks like Ethereum and Bitcoin. Consensus Roles Nominators Secure the Relay Chain by selecting trustworthy validators and staking dots. Validators Secure the relay chain by staking dots, validating proofs from collators and participating in consensus with other validators. Collators Maintain shards by collecting shard transactions from users and producing proofs for validator. Fishermen Monitor the network and report bad behavior to validators. Collators and any parachain full node can perform the fisherman role. Governance Roles Council Members Elected to represent passive stakeholders in two primary governance roles: proposing referenda and vetoing dangerous or malicious referenda. Technical Committee Composed of teams actively building Polkadot. Can propose emergency referenda, together with the council, for fast-tracked voting and implementation. by Paul Mears
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cryptolegit · 3 years ago
Video
youtube
Polkadot - DOTUSDT True interoperability Polkadot enables cross-blockchain transfers of any type of data or asset, not just tokens. Connecting to Polkadot gives you the ability to interoperate with a wide variety of blockchains in the Polkadot network. Economic & transactional scalability Polkadot provides unprecedented economic scalability by enabling a common set of validators to secure multiple blockchains. Polkadot provides transactional scalability by spreading transactions across multiple parallel blockchains. Easy blockchain innovation Create a custom blockchain in minutes using the Substrate framework. Connect your chain to Polkadot and get interoperability and security from day one. This ease of development helps Polkadot's network grow. High energy efficiency Polkadot consumes a small fraction of the energy used by conventional blockchains thanks to its next-generation nominated proof-of-stake (NPoS) model. Using the equivalent of ~6.6 US households worth of energy per year, Polkadot has the lowest carbon footprint among proof-of-stake protocols analyzed in recent research. Security for everyone Polkadot's novel data availability and validity scheme allows chains to interact with each other in a meaningful way. Chains remain independent in their governance, but united in their security. User-driven governance Polkadot has a sophisticated governance system where all stakeholders have a voice. Network upgrades are coordinated on-chain and enacted autonomously and without forking the network, ensuring that Polkadot’s development remains future-proof and community-driven. Any type of data across any type of blockchain Polkadot is a network protocol that allows arbitrary data—not just tokens—to be transferred across blockchains. This means Polkadot is a true multi-chain application environment where things like cross-chain registries and cross-chain computation are possible. Polkadot can transfer this data across public, open, permissionless blockchains as well as private, permissioned blockchains. This makes it possible to build applications that get permissioned data from a private blockchain and use it on a public blockchain. For instance, a school's private, permissioned academic records chain could send a proof to a degree-verification smart contract on a public chain. Connecting the dots Relay Chain The heart of Polkadot, responsible for the network’s shared security, consensus and cross-chain interoperability. Parachains Sovereign blockchains that can have their own tokens and optimize their functionality for specific use cases. Parathreads Similar to parachains but with a pay-as-you-go model. More economical for blockchains that don’t need continuous connectivity to the network. Bridges Allow parachains and parathreads to connect and communicate with external networks like Ethereum and Bitcoin. Consensus Roles Nominators Secure the Relay Chain by selecting trustworthy validators and staking dots. Validators Secure the relay chain by staking dots, validating proofs from collators and participating in consensus with other validators. Collators Maintain shards by collecting shard transactions from users and producing proofs for validator. Fishermen Monitor the network and report bad behavior to validators. Collators and any parachain full node can perform the fisherman role. Governance Roles Council Members Elected to represent passive stakeholders in two primary governance roles: proposing referenda and vetoing dangerous or malicious referenda. Technical Committee Composed of teams actively building Polkadot. Can propose emergency referenda, together with the council, for fast-tracked voting and implementation. by Paul Mears
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