当然，这几十年来，游戏工作室一直深挖粉丝潜力，为自己提供创新源泉。Doom 可能是有史以来最著名的第一人称射击游戏，在上世纪九十年代就取得了成功，这不得不说要归功于它的一个做法 : 向任何愿意额外构建关卡和附加组件的人开放其底层源代码——它是推动「修改」现象的原创游戏鼻祖。在完成了第一人称射击游戏《Half-Life》的发行后，Valve 公司逐渐从一家发行商发展成为了一个成熟的数字平台（包括世界上最大的 PC 游戏数字市场 Steam）。 时至今日，Valve 推出过有史以来最为成功的游戏之一《反恐精英：全球攻势》，这也是它们自制衍生品的产物。
尽管游戏里的用户生成内容有着悠久且丰富的历史，但在传统意义上，用户对于游戏的这种贡献被认为是一种自我表达的形式或只是小众行为：参与者创造内容是因为他们热爱游戏、具有社区意识，而不一定是为了金钱收益。而如今，这种情况正在发生着变化：游戏工作室逐渐意识到，创造者为他们游戏带来的价值是值得实实在在的现金奖励的。比如，Roblox 是一款广受欢迎的多人在线创作游戏——去年向外部开发者的支出增加了将近两倍；而像 The Sandbox 和 Mythical Games 这样的新生代游戏，玩家则可以在其中建立和拥有属于自己的基于区块链的游戏体验。
The Storj (pronounced as “storage”) platform bills itself as a decentralized file storage solution which combines the benefits of cloud-based storage and blockchain technology. At the heart of the project is the Storj network which, among other things, allows the users to put up their free disk space for rent. Users which are required to store files and assets online can access the Storj network and rent the available storage resources from the renters in this ecosystem (“farmers”). The payment is effected with STORJ tokens on the blockchain and their use is supposed to encourage users to become a sort of small-scale cloud storage providers.
What Is Storj Trying to Achieve?
In order to be able to ultimately challenge the dominant cloud storage providers such as Google and Amazon, Storj’s model had to be designed to meet several challenges.
Lower Costs
Current infrastructure costs incurred by centralized storage systems could be driven down by the decentralized model offered by Storj. With their focus on decentralization, the Storj team hopes to present its platform as an affordable cloud storage solution. By eliminating the need for running data centers, the cuts in costs promised by Storj should reduce the current prices offered by the centralized storage providers by at least 1/3. This is to be achieved by cutting the costs of maintenance, bandwidth and utilities via utilization of what the Storj team describes as underused storage resources existing at the network edge.
These are to be particularly beneficial for small businesses which need storage yet do not have the capacity or funds to build and maintain full-blown data centers, hard disk arrays etc. The end users would be able to pay for what they actually want to use, with no minimum usage requirements or setup fees.
More Secure and Private Storage
The storage model proposed by Storj would operate in the manner similar to that of the internet itself, in the sense that there will be no control by a single entity over billions of devices in use. According to the Storj developers, the decentralization of the internet did not reach the management of data that come through it. Actually, these data are rather centralized and entrusted for storage to several global providers running a network of data centers. This comes with a variety of risks, including data breaches, global interruptions in the provision of services and higher storage costs.
Bytom aims to take on the popular cloud storage services such as Google Drive and Dropbox by reducing its reliance on the bandwidth or electricity resources available to data centers. It will offer temporary storage of large files which can be shared or distributed as part of point-to-point transfers.
Security and privacy would be ensured by the end-to-end encryption by which only the owners of files would be given access to their data, instead of having the companies exhibit full control over their documents. At the same time, the global distribution of files offered by Storj is also promoted as a more reliable solution compared to more centralized storage.
Better Scaling
In an age of rising demand for data storage resources, the Storj network promises more flexible scaling model. Storing exabytes of data can be challenging at the time when whole economies rely on their effective use. The Storj team went on to design a network which promises to meet the demand for faster data storage and larger formats, while leaving enough room to be eventually expanded in line with popular demand. With the help of its sharding technology, encryption and data distribution across the nodes, the Storj hopes to beat the traditional on-premise storage systems and offer better performance and reliability across the board.
Storj also wants to establish itself as the media transfer and backup platform. Going beyond the commercial cloud storage, the Storj developers are working on offering additional services for its platform. Its long-term storage support should make it suitable for the creation of archives and storage of backup and recovery files for regulatory or compliance purposes. At the same time, Storj wants to become a general-purpose media content delivery platform, with the support for the storage of large amounts of video, audio, photo and other files. They will be available for concurrent downloads based on their segmented and distributed nature.
How Does Storj Work?
Working out the manner in which the Storj network operates starts with its apparent similarity with the torrent technology. Torrents operate as peer-to-peer networks on which each stored file is split into numerous small segments which are then distributed to the users. The users both store and keep copies of the same file. A person desiring a copy sends a request to the network, in the hope of receiving fragments of the desired file from the users who have it (“seeds”). Finally, the torrent client software compiles the file pieces from different seeders and recreates the original file. A similar system is employed on the Storj network:
The process of division of files on the Storj network is called file sharding. Instead of sourcing an entire file from a single source, the Storj network will allow the user to download fragments of the desired file from several sources at the same time. This decentralized file transfer system should allow Storj to present itself as a faster downloading solution compared to other storage providers.
By breaking the files into pieces or shards, Storj removes the possibility of a single organization or company having access to complete files. While the torrents publish information on file pieces publicly, only the uploaders remain in the know regarding the location of files on the Storj. In this manner, the Storj wants to promote protection of privacy of the parties involved in the file transfer process.
Locating the shards of the original file on the Storj platform is the task of its distributed hash table technology of Kademlia.
Redundancy and Deletion Systems on Storj
The sharding system implemented by Storj faces several risks which the developers had to counter with the appropriate technologies. Knowing that file pieces are distributed to various computers on the Storj platform, the users may rightfully wonder what happens after some users decide to stop using Storj or shut down their systems for any reason. In order to prevent the lack of access to desired shards, the Storj platform has implemented a redundancy system on its network:
This system is based on the use of so-called parity shards. Storj will help the users determine the strength of the redundancy for each file they upload and create parity shards. Based on this, the system is supposed to shield the network from the unwanted loss of files.
Yet, the parity shard system can hardly function as a water-proof solution in the long run, when the loss of files becomes more likely with passing time. The Storj developers hope to counter this by organizing periodic audits and checkups of the network, while advising the users to do the same for their files whenever they want to reupload them.
At the same time, there are some concerns that Storj’s redundancy system might cause the network to become sluggish. In order to prevent this, the network has come up with a set of rules governing the deletion of files which get duplicated too many times as part of the redundancy system.
File Protection on Storj
One of the key differences separating the Storj network from torrent-based systems is the encryption of each piece of the desired file. This system was put into place to lower the risks of users getting unauthorized access to the files which are distributed as part of the platform’s sharding system:
The possibility that the users who have the file pieces may get insights into the content of shards may be problematic for those who feel that this may compromise sensitive information. This is the point at which the Storj calls upon its “tenants” or file uploaders to both compress and encrypt the files before submitting them to the sharding system. Encrypting is done by assigning a unique key to a single file.
Since the data gets encrypted with the user’s private key on their own device, the data hosts or “farmers” are prevented from knowing what a complete file actually contains. Instead of this, they will receive a piece of a larger file which has been encrypted and thus made unusable unless they get their hands on both the encryption key and the remaining shards.
Potential hackers wanting to gain illicit access to a desired file would have to find all of its shards, which is hardly possible without the private key. Unless they manage to somewhat persuade farmers to send their shards and steal the key from the tenant, they will be arguably powerless against this system.
What is the Storj Bridge System?
Being central to the platform’s decentralization and security efforts, the Storj’s network of tenants and private keys needs to be flexible enough to meet potential changes in the current technological landscape. One of the trends which may have an impact on the underlying Storj system is the tendency of users to switch their devices every now and then. Considering that the tenants have their encryption keys stored on local devices which may get changed, the Storj developers had to come up with the Bridge server architecture to account for the situations in which the users do not need to access files from the same device.
With that in mind, the Storj team went to develop and implement the Bridge server technology. It allows for the secure storage of the encryption keys on a dedicated server which holds the relevant metadata.. The Storj team hopes to see this technology implemented alongside the future file sharing system, as the identity verification and storage would both take place in the cloud.
Role of STORJ Token
The Storj token (STORJ) is the currency with which the payment operations on the Storj platform are managed. Fees paid by tenants are turned into funds which the farmer receive for providing both the storage and bandwidth resources to the main platform.
In order to make sure the payments reach the right address, the Storj requires farmers to verify the existence of shards which are sent to them. The Storj maintains a file audit and verification system which involves sending a request to farmers to which they need to respond. This system is called the Proof of Retrievability and relies on sending a Merkle challenge to the farmers on an hourly basis. They will be able to provide answers only if the shards kept on hard drives remain intact and free from tampering.
In case they attempt to modify or delete the file in question, all payments will be automatically stopped. To expand the existing system with additional incentives to play fairly, the Storj team will work towards establishing a dedicated reputation system for its farmer nodes. In 2018, the Storj network has been estimated to have around 40k active farmer nodes.
As of March 2019, the market cap for Storj stood at just above USD 30 million. More than 135 million tokens have been in circulation in the same period, out of the planned supply of 425 million units. While the Storj Labs company pre-mined its entire supply of tokens, the tokens can be acquired either by becoming a farmer or via trading on cryptocurrency exchanges such as Binance, Bittrex and others. STORJ is usually traded in combination with Bitcoin, Ether, Tether and other currencies. Since the STORJ is based on Ethereum, ERC-20 wallets are a suitable option for storing the acquired tokens.
Storj Team and Competitors
The Storj open source project was started in 2014, while the ICO took place in May 2017. The project shares the name with the Storj Labs company which is headed by the founder and CSO Shawn Wilkenson, Ben Golub (executive chairman) John Quinn (co-founder) and Philip Hutchins (CTO and principal architect). The core team has about 45 members with various professional backgrounds ranging from Bitcoin mining to managing startups.
In addition to cloud storage providers such as Dropbox, Google Drive and OneDrive, the main competitors of Storj include Siacoin, as yet another decentralized cloud storage platform, Filecoin and MaidSafe Coin.
Which products support STORJ?
Send/Receive
Trading
Coinbase
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Pro
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Wallet
✔
✖️
What regions support STORJ?
US
NY
CAN
EU
UK
DE
SG
JP
Coinbase
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Pro
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Crypto to fiat trading pairs
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UK
EU
USD
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GBP
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EUR
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Note: Coinbase Wallet does not support direct bank transactions. You’ll need to transfer your crypto to Coinbase.com or send it to an external address in order to cash out.
Note: Only assets hosted on the Ethereum blockchain can be converted through the Coinbase Wallet mobile app at this time. Learn more about trading on Coinbase Wallet.
AlchemyPay is a payment consensus protocol system used to create “the world’s most adaptive decentralized (DeFi) encrypted payment ecological infrastructure”.
II. What are the characteristics of AlchemyPay?
Simple to use and highly adaptable
1. Use the simplest operation interface on the front end to allow the payee to realize cryptocurrency collection without too much learning;
2. Compatible with mixed payment of legal currency and encrypted currency;
3. Compatible with real-time exchange of different legal currencies and different cryptocurrencies;
4. Compatible with almost all mainstream payment methods such as POS, APP, and Web;
5. Compatible with almost all scenarios such as offline retail, e-commerce, online entertainment,
Alchemy Pay’s easy-to-use aggregated fiat currency payment channels
block transactions, supply chain finance, and transnational transactions.
III. Why can AlchemyPay be “easy to use and adaptable?”
Behind the simplicity is the fusion and pursuit of complex technologies: To achieve “easy to use, highly adaptable”, it is necessary to integrate dozens of complex technologies, and let the payee be in the front end with the simplest operation interface. Realize cryptocurrency collection without too much learning.
Technical advantages of AlchemyPay:
1. Blockchain network adaptation layer: Through the adaptation layer of the blockchain network, the AlchemyPay payment consensus protocol can be seamlessly deployed in various public chains; integrate LightningNetwork, RaidenNetwork, and StateChannelNetwork into an integrated network;
2. Commercialized payment based on various networks: zero-block secure payment confirmation technology; fast routing algorithm; multiple tokens multiplexing the same channel; lightning network channel capital intelligent balance; support for various payment modes, including PULLPAY, combination Payment, split account (split), batch collection/payment, etc.;
3. PULLPAY protocol: supports two payment modes of blockchain pre-authorization PULLPAY and lightning network PULLPAY to meet the needs of various subscription and repeat payment scenarios;
4. Cross-chain payment based on AtomicSwap: Cross-chain lightning payment is realized through AtomicSwap and PayChannel; many coins that do not support the Lightning Network support the Lightning Network through AtomicSwap and SubmarineSwaps to achieve fast payment; cross-chain combined payment of multiple blockchain currencies;
5. Machine learning-based risk control anti-fraud and quantitative transaction model: payment risk control anti-fraud based on machine learning and artificial intelligence algorithms to ensure the security of the payment network; based on big data risk control to ensure the security of smart contracts; based on quantitative transaction models The collected cryptocurrencies are converted into stable currencies or mainstream currencies through a variety of quantitative strategies to hedge against the risk of currency price fluctuations and depreciation;
6. Smart contract template engine: Provides a visual and procedural smart contract customization interface, uses natural language to describe smart contract business rules, so that business personnel can understand and verify smart contract implementation logic; provide solutions to the smart contract and product level, Component-level, and interface-level packaging to meet application requirements at different levels and lower the threshold for smart contract use;
By integrating dozens of complex technologies, it provides various payment technology application solutions that are easy to use, safe and fast, and convenient to access for all kinds of developers who need digital currency payments, such as:
1. Game developers: SDKs that support mainstream fiat currency wallet payments and Crypto payments; RPG blockchain games based on StateChannel;
2. Wallet developers: With PULLPAY, offline merchants scan the QR code of the user’s wallet with a code scanner to directly deduct money; with PULLPAY, users will automatically deduct money from the user’s wallet after a certain deduction (such as a taxi);
3. DAPP developers: fiat currency and encrypted currency payment gateways for various DAPP applications; users directly use Token to pay, without ETH to pay for Gas;
4. E-commerce platform developers: use AlchemyPlugin/SDK/API to quickly have the ability to acquire legal currency and encrypted currency;
5. Payment service developer: quickly own a payment system of its own brand, support global mainstream fiat currency wallet payment, encrypted currency payment; based on the AlchemyPay platform, develop applications such as split accounts and local fiat currency C2C exchange;
6. Industry application developers: customer loyalty management developers, issue general points based on the Alchemy platform, and support general point consumption and exchange.
IV. What is the value of AlchemyPay?
Provide a set of feasible solutions for the further popularization of global digital currency.
1. Through the integration and optimization of technology, the problems of slow digital currency payment and excessive exchange rate volatility have been solved, and the feasibility of digital currency payment has been technically realized;
2. Through the combination of cryptocurrency and legal currency (users pay digital currency, merchants receive legal currency), it is customary to enhance the willingness of merchants to accept digital currency;
3. Through the upgrading of collection units and the continuous expansion of merchants through important companies with core resources, so as to create payment scenarios for digital currencies in the world;
V. On the basis of the AlchemyPay consensus agreement, which business sectors will be established?
Alchemy Pay Eco Map
1. Payment: establish a hybrid payment system combining digital currency and legal currency by integrating legal currency, digital currency, exchanges, and digital wallets;
2. Network (Merchant Network): By integrating banks, payment companies, SaaS companies, consumer groups, etc., who have merchant resources, it is enough to establish real digital currency transaction scenarios on a global scale;
3. DeFi (Decentralized Finance): Build an aggregated decentralized financial platform by integrating digital wallets and DeFi applications;
4. Trust (trusted assets): through the integration of banks, payment companies, and other channels, we propose a hybrid financial scoring system that combines digital currency and legal currency.
Remarks: AlchemyPay’s business segments are currently in their infancy. Among them, Payment and Network have been launched and put into application, while DeFi and Trust are still in the underlying technical architecture stage and have not yet been put into application.
VI. What achievements have been made in AlchemyPay’s business so far?
In the two major business segments of Payment (payment) and Network (merchant network) that have been launched, they are currently implemented in 18 countries and regions around the world and have more than 100,000 supporters in communities such as Telegram and Twitter. , Payment institutions, enterprises, digital currency exchanges, digital wallets, etc. to complete the integration.
Payment:
At present, it has integrated WeChat Pay, Alipay, Visa, Master, Dash, GrabPay, Nets, and other legal currency payment systems, and supports mainstream digital currencies such as BTC, ETH, USDT, BCH, BNB, and is compatible with hundreds of digital currency wallets such as ImToken and Trust. It has reached deep business cooperation with Binance, Huobi, Gemini, Celo, Cobo, and other well-known blockchain institutions on a global scale to jointly establish a digital currency payment ecosystem.
Network (Business Network):
At present, more than 2 million reserve merchants have been signed up, of which more than 3,000 are actually in operation. Access includes:
1. Shopify (an international e-commerce giant with a market value of more than 120 billion US dollars);
2. Arcadier (SaaS organization serving enterprises in more than 130 countries around the world);
3. QFPay Group (with more than 1.2 million merchants worldwide);
4. Singapore has more than 2500 business courtesy cars located in high-end consumer places such as airports, Universal Studios, and five-star hotels;
5. CeLaVi, the top floor of Singapore Sands Hotel, a global landmark;
6. The famous fashion brand Aldo;
7. Pricerite, a listed company on the Hong Kong Main Board, etc.
AlchemyPay embeds QFPay and Shopify’s digital currency payment
VII. Why can AlchemyPay contract more than 2 million reserve merchants?
AlchemyPay is different from traditional payment companies in terms of operation. It adopts a one-to-one contracting model. Instead, it cooperates with institutions with many merchant resources and adopts a 2B2C business model to find partners with merchant resources (such as payment institutions, SaaS companies), E-commerce groups, etc.), so that you can integrate as little as a few hundred, as many as tens of thousands, hundreds of thousands, or even millions of merchants.
VIII. Why does AlchemyPay issue ACH?
Use ACH to make payments in global stores
The purpose of ACH issuance is to govern the AlchemyPay ecosystem and promote the popularization of digital currency through the governance of the AlchemyPay ecosystem and rewards for early contributors to the system.
For example: At present, more than 2 million reserve merchants have been signed, and more than 3000 of them are actually in operation. Most of these merchants are connected directly before the issuance of ACH, so AlchemyPay needs to bear a lot of market costs and training costs, and It is very difficult to control budgets and distribute rewards reasonably; but after enabling ACH incentives, the value of ACH will be anchored with marketing costs, and supernodes (such as payment institutions, SaaS companies, e-commerce groups, etc.) will assume the market The responsibility of promoting and training nodes (merchants), the system will be based on the supernodes and nodes that accept digital currency payments, and will be rewarded based on the connection time, node level, and transaction volume, so as to promote the digital currency payment scene in the world more quickly set up;
IX. What behavior can obtain ACH?
1. Through the AlchemyPay payment system, supernodes (banks, payment companies, SaaS, etc.) and nodes (merchants), accept digital currency payments;
2. Merchants who use the AlchemyPay payment system choose to use digital currency instead of legal currency to pay;
3. Participate in specific activities or purchase specified goods on the platform supported by the AlchemyPay payment system;
Note: The 51% mining of ACH is expected to go online for half a year, that is, 2021.3.7. Before that, if the trial run reward is enabled, the monthly community & team incentive quota will be occupied.
What products support ACH?
Send/Receive
Trading
Coinbase
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Pro
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Wallet
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What regions support ACH?
US
NY
EU
UK
CA
SG
Coinbase
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Pro
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Wallet
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Crypto to fiat trading pairs
US
UK
EU
USD
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GBP
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EUR
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Note: Coinbase Wallet does not support direct bank transactions. You’ll need to transfer your crypto to Coinbase.com or send it to an external address in order to cash out.
Note: Only assets hosted on the Ethereum blockchain can be converted through the Coinbase Wallet mobile app at this time. Learn more about trading on Coinbase Wallet.
Kryll is an online automated platform and currency (KRL) which was started in 2018 by Luca Benevolo. The aim was to help people to create their kryll trading strategies without the need for any particular skills. Users just have to connect their blocks in order to create their strategies. Word “Automated” solves many problems because Kryll does not require any management thanks to the algorithm for making everything automatic.
Kryll is not mineable and is based on the N/A algorithm and N/A coin proof type. It currently has a circulating supply of 31,638,781 coins and a total market cap of 19,581,024. Kryll ranks at position 765 of the crypto ranking list and its price currently trades around $0.61.
How Does Kryll Work?
The platform consists of 5 different parts which all together give us as a result the key for success. The first element is the strategy editor WYSWIT “What you see is what you trade”. The second element is the Marketplace where you can find all the automated strategies available to use. The next two parts are the Smart trading tool which many traders already use and the Swap tool. The last and most important tool is the Kryll mobile application.
WYSWIT
WYSWIT is the first tool you need in order to create your strategies using the most popular technic, flowcharts. There is no need to be an expert on trading strategies or even be a software developer for using this editor. All you need to do is just to place blocks by dragging and dropping them into the Kryll ecosystem and thus create your own decision flows. As you are done with the decision flows, you can make unlimited tests for free in order to be sure that your strategies are going to be profitable.
Marketplace
This is the place where users can publish their trading strategies and make them available for rent by other traders. Users who are unfamiliar with the creation of trading strategies can order one of the already existing strategies using the KRL coin. In that way, Publishers can have a passive income by just selling their knowledge. Also, renters can easily contact to publishers for further help in case they are not sure of what they are looking for.
Kryll MarketPlace Interface. Source: kryll.io
Smart Trading tool
This is the most powerful and smart feature that Kryll has invented for the users. The Smart trading tool allows users to execute already existing trading strategies simply. How does this work? All you need to do is just place the crypto pairs you wish to exchange and the amount of money you are willing to invest. After that, you have to choose at which price you wish the system to buy for you.
Swap Tool
Kryll.io focuses on making user’s life easier. The Swap tool will help you avoid the mess with the crypto exchange process. The tool allows users to exchange their cryptocurrencies through the Kryll platform without the need to sign in in order to complete the transaction. For instance, you can exchange Bitcoin to Ethereum directly on Kryll.io platform.
Kryll Mobile Application
The last and most useful tool is the Kryll Mobile Application which is available on smartphones or tablets. Using the app you can trade or even monitor your strategies remotely through your mobile phone. Besides, you can have full access to your portfolio and receive notifications for any kind of changes.
Advantages Of Using Kryll.Io
Trading 24/7: Not all users have free time to spend on their mobile phone checking whether their investment winning or not. One major advantage is the fact that Kryll.io offers automated trading.Besides, your bot/strategy will watch the market for you 24/7. While you are working or sleeping, the system will take care of the market movement and will react without your help.
Knowledge is not required: There are always people who are new in the industry and want somehow to start investing. Kryll is the solution to the problem thanks to the already existing strategies developed by experienced traders. In that way, beginners can rely on the community of users using their strategies for learning purposes. Besides, for those who are not in the mood of creating their own strategies, there is always an option to pay and use one of the existing strategies.
Responding time: Firstly, Trading is not an easy thing to deal with. Prices are constantly fluctuating (up and down) which works positively or negatively for traders depending on the situation. Secondly, users cannot be 24/7 in front of a screen monitoring price changes like bots do. Hence, there will always be chances that you might not be able to place an order due to inactivity. Finally, Kryll will solve those problems for you as automatic trading bots will instantly react to any chances they detect without your help.
Disadvantages Of Using Kryll.Io
Using trading bots may sometimes be risky. The cryptocurrency market is unstable due to the fluctuations happening to different coins. Till now, there is no such trading strategy that will always win for you as no strategy can remain unaffected to a highly volatile market. An automated trading bot is always executing your orders as it does not recognize what is true or false. As a result, repeating the same strategy even when the momentum is inappropriate could lead to huge losses.
Kryll Token Price Prediction (2021,2022,2025)
According to the recent kryll historical data, analysts believe that the kryll token could trade at $0.40 by the end of 2021. One year later (2022), the coin could start re-gaining the lost ground moving the price above $0.49. If that happens, then the KRL currency could face a bullish cycle leading the price above $2.80 by the end of 2025.
How To Exchange Your BTC (BTC) To Kryll (KRL) Using InstaSwap?
First of all you have to choose KRL in the “You Get” section. Then, choose the method you wish to buy it with, “crypto” or “fiat”. As you are done with the first two steps, then you have to enter the Kryll wallet address you wish to receive your KRL tokens. You also have to add your refund wallet address (in case that something goes wrong) and you are almost ready to go. Fill your email and press “Continue”. You will receive a verification code at your email address in the next few seconds which you can use only once in order to complete the transaction. Press “Continue” and enjoy the process. Send your deposit to a one-time address and you shall receive your exchanged coins in the next 10 minutes.
Which products support KRL?
Send/Receive
Trading
Coinbase
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Pro
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Wallet
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What regions support KRL?
US
NY
CAN
EU
UK
DE
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JP
Coinbase
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Crypto to fiat trading pairs
US
UK
EU
USD
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GBP
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EUR
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Note: Coinbase Wallet does not support direct bank transactions. You’ll need to transfer your crypto to Coinbase.com or send it to an external address in order to cash out.
Note: Only assets hosted on the Ethereum blockchain can be converted through the Coinbase Wallet mobile app at this time. Learn more about trading on Coinbase Wallet.
Shiba Inu coin (SHIB) is an Ethereum-based ERC-20 token that has risen in popularity this year, largely because of its dog-themed ecosystem, speculation on its price by retail investors and strong community engagement. The official Shib Twitter account, for example, has over 1.2 million followers – more than leading crypto companies such as Cardano, Kraken and Solana.
The digital asset was inspired by the Japanese breed of dog of the same name, which sparked a viral meme trend in 2013 and subsequently led to the creation of the infamous dogecoin cryptocurrency. Shiba inu, along with dogecoin and the hundreds of other pet-inspired digital assets, have become collectively known in the industry as “meme coins.”
Ordinarily, a meme coin offers owners little to no utility compared with more established cryptocurrencies such as bitcoin and ether. In the case of Shiba Inu coin, however, there seems to be a legitimate attempt by the development team to provide more value to SHIB holders, including launching a decentralized exchange in July.
Notably, the desire to provide more utility to users has seen the self-proclaimed “doge killer” become the second-most popular meme coin in the market. And although the market capitalization of dogecoin is three times that of shiba inu at press time, the underdog project has managed to create and build up a large community in less than two years.
So other than being another doggy-themed cryptocurrency, what is the shib coin all about?
The first notable thing about Shiba Inu coin is its total supply. A total of 1 quadrillion SHIB tokens were minted during its official launch in 2020. A quadrillion is a number followed by 15 zeros. Some 50% of the supply of shiba inu was locked in Uniswap SHIB/ETH liquidity pool – a decentralized exchange where users deposit pairs of assets into liquidity pools that other investors can trade against. That is known as an automated market maker system.0 seconds of 5 minutes, 46 secondsVolume 90%
The other 50% of shib token’s supply was donated to Ethereum’s founder, Vitalik Buterin, who burned a vast majority of them by sending the tokens to a dead crypto wallet address. The remaining tokens (worth $1.2 billion at the time) were donated to an Indian COVID-19 relief cause and other charities.
The Shiba Inu coin universe also consists of a decentralized exchange, called Shibaswap, and two other tokens, “LEASH” and “BONE,” (see below.)
Finally, the community is also championing a rescue campaign for Shiba Inu dogs. All you need to do is make purchases on Amazon through smile.amazon.com and select Shiba Inu Rescue Association (a 501(c)3 as your preferred nongovernmental organization). This will allow a percentage of your purchase to be donated to a cause focusing on helping Shiba Inu dogs in need.
What is ShibaSwap?
Shibaswap is a decentralized exchange – a type of peer-to-peer trading platform similar to Uniswap that allows users to trade SHIB and other cryptocurrencies without an intermediary company. It also allows users to provide liquidity (deposit funds into pools that other traders can use to trade against) and stake tokens (deposit them into a smart contract) to earn interest using shib token and two additional ERC-20 tokens that exist in the Shiba ecosystem:
Bone ShibaSwap (ticker: BONE): Bone is designed to function as the platform’s governance token, with a total supply of 250 million coins. That means holders of bone tokens are able to propose and vote on changes to the Shiba protocol via its “Doggy DAO.” It’s also minted and rewarded to users who provide liquidity on the platform.
Doge Killer (ticker: LEASH): This was originally launched as a rebase token (also known as an elastic token), a type of token similar to an algorithmic stablecoin where the supply automatically increases and decreases via a computer algorithm to keep its price pegged to another asset. In this case, leash’s supply is adjusted to track the price of doge at a rate of 1/1,000.
For example, if the price of dogecoin was $0.05, the supply of leash would change (mint new tokens or destroy coins in circulation) to adjust the price of leash to $50.
Leash tokens have since been “unleashed,” and now no longer track the price of doge. With a scarce supply of just 107,647 tokens, leash has become the main store of value coin for many shiba inu owners.
ShibaSwap functions
On the ShibaSwap homepage, there are six functions available that incorporate the ecosystem’s three native coins, shib, leash and bone:
Dig: Digging is the liquidity pool function on the ShibaSwap platform. Here, users can deposit crypto assets in pairs to existing liquidity pools on the platform, or create their own. As a reward, liquidity providers receive ShibaSwap liquidity pool tokens (SSLP). Those tokens represent their share of liquidity in the pool and entitle holders to receive free bone tokens upon redemption.
Woof: “Woofing” is the function for redeeming bone rewards by cashing out SSLP tokens.
Bury: This refers to where users can stake their shib, leash and bone in order to generate high-interest yields paid in bone tokens. At press time, the rates were 171%, 266% and 814%, respectively. Once staked, users receive a token that represents their staked amount in xSHIB, xLEASH or xBONE.
33% of bone rewards from staking are available immediately, while the remaining 66% are locked up for six months.
Swap: This is the exchange feature of the ShibaSwap platform where users can swap between multiple assets.
Bonefolio: This is an analytics dashboard where users can explore current interest rates and track their yield returns.
NFTs: Here, users can trade 10,000 unique non-fungible tokens called “Shiboshis” – pixelated Shiba Inu dog cartoons similar to CryptoPunks with different traits, some rarer than others.
Who created SHIB coin?
Shiba Inu coin was launched in August 2020 as a direct competitor to Dogecoin. But unlike Dogecoin, the mysterious creator(s) of Shiba Inu, known as Ryoshi, made some design decisions that have since set the token apart. According to Ryoshi, SHIB has “the ability to outpace the value of dogecoin, exponentially, without ever crossing the $0.01 mark.” To put that into perspective, shib was trading for $0.00002831 at press time, which is a long way from $0.01. And yet, its market cap has already reached a third of Dogecoin’s market cap.
As noted above, following the launch of Shiba Inu, Ryoshi transferred half of the token’s total supply to Buterin, while the other half was locked in Uniswap, a decentralized exchange. As written in the project’s white paper, which the shib community calls the woofpaper, the goal was to transfer ownership of 500 trillion SHIB to Buterin with the hope he would lock them away forever.
The Elon Musk effect
The launch of Shiba Inu failed to gain traction at the beginning, but it began to make a splash around the same time Tesla CEO Elon Musk and other prominent individuals started to take interest in Dogecoin. Tech billionaire Musk in particular has been one of the most vocal supporters of Dogecoin. Dubbed the “Dogefather,” Musk was even voted as the project’s new unofficial CEO.
In the run-up to his appearance on “Saturday Night Live” in May, Musk hinted that he would mention Dogecoin during the show. That fuelled an unprecedented dogecoin price rally, which boosted the value of shib.
In five days, the price of shib increased by over 2,000%. The coin subsequently experienced a price slump along with the market-wide crash sparked by Musk’s announcement that Tesla would no longer accept bitcoin as a form of payment. It would later recover some of the lost value in the first week of October when Musk shared the picture and name of his new Shiba Inu puppy. All in all, SHIB’s price gained over 27,000,000% from January to October.
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Note: Coinbase Wallet does not support direct bank transactions. You’ll need to transfer your crypto to Coinbase.com or send it to an external address in order to cash out.
Note: Only assets hosted on the Ethereum blockchain can be converted through the Coinbase Wallet mobile app at this time. Learn more about trading on Coinbase Wallet.
The Keep Network is a software aiming to incentivize a global network of computers to store private information that can be deployed on public blockchains via smart contracts.
Many decentralized applications (dapps) running on public blockchains, like Ethereum, require the use of private data (such as health records, credit scores and financial information) to operate.
To protect individual user’s privacy, the Keep Network enables private data to be stored outside the blockchain in “keeps”, which are containers that allow smart contracts to manage and use pieces of the stored data without exposing it to the public blockchain.
In order to operate a keep, nodes must stake KEEP tokens, Keep Network’s native cryptocurrency, to be selected by the Keep Network. These nodes are awarded KEEP for successfully maintaining keeps.
The first application built on the Keep Network is tBTC, which serves as a bridge between Bitcoin and Ethereum. Bitcoin holders deposit their BTC funds to a smart contract and receive tBTC, an Ethereum token of equivalent BTC value, used to access various dapps on the Ethereum blockchain.
Users seeking to stay up-to-date with the Keep Network’s progress can bookmark its blog. For more information on tBTC, you can read our “What is tBTC?” guide located in our Learn Center.
Who Created Keep Network?
Keep Network was founded by Matt Luongo and Corbin Pon in 2017. They previously co-founded Fold, a bitcoin shopping app, in 2014.
Keep Network sold $20 million worth of KEEP tokens in two rounds in private sales to investors, which include noted venture capital firm Andreessen Horowitz, and noted cryptocurrency investors Polychain Capital, Fenbushi Capital and Paradigm.
How Does the Keep Network Work?
Keep Network’s key feature is its ability to store private data, called secrets, outside the blockchain systems in keeps.
Keeps allow blockchain-based applications to interact with secrets without fully exposing their contents through the use of smart contracts, who, when a specific criteria is met, can provide data, encrypted files or verification of a user’s identity to the application.
Computers, or nodes, who maintain keeps are known as keep providers and are assigned fractions of a secret using the random beacon protocol, an advanced cryptography technique for trustless randomization.
When a user wishes to purchase a keep, they publish a request to the Keep Network, who, in turn, divides and mixes their secrets, sends shares of them to different keep providers, and returns keys to the users to access the content of their keeps when needed.
Keep providers must stake a certain amount of KEEP that can be retrieved by the protocol should they be unreliable or negligent with the keeps. However, providers incentivized through KEEP rewards for their services, including providing encryption, computation and storage services.
