I thought it would be really cool to have an ultimate guide for those new to crypto currencies and the terms used. I made this mostly for beginner’s and veterans alike. I’m not sure how much use you will get out of this. Stuff gets lost on Reddit quite easily so I hope this finds its way to you. Included in this list, I have included most of the terms used in crypto-communities. I have compiled this list from a multitude of sources. The list is in alphabetical order and may include some words/terms not exclusive to the crypto world but may be helpful regardless. 2FA
Two factor authentication. I highly advise that you use it. 51% Attack:
A situation where a single malicious individual or group gains control of more than half of a cryptocurrency network’s computing power. Theoretically, it could allow perpetrators to manipulate the system and spend the same coin multiple times, stop other users from completing blocks and make conflicting transactions to a chain that could harm the network. Address (or Addy):
A unique string of numbers and letters (both upper and lower case) used to send, receive or store cryptocurrency on the network. It is also the public key in a pair of keys needed to sign a digital transaction. Addresses can be shared publicly as a text or in the form of a scannable QR code. They differ between cryptocurrencies. You can’t send Bitcoin to an Ethereum address, for example. Altcoin (alternative coin):
Any digital currency other than Bitcoin. These other currencies are alternatives to Bitcoin regarding features and functionalities (e.g. faster confirmation time, lower price, improved mining algorithm, higher total coin supply). There are hundreds of altcoins, including Ether, Ripple, Litecoin and many many others. AIRDROP:
An event where the investors/participants are able to receive free tokens or coins into their digital wallet. AML:
Defines Anti-Money Laundering laws**.** ARBITRAGE:
Getting risk-free profits by trading (simultaneous buying and selling of the cryptocurrency) on two different exchanges which have different prices for the same asset. Ashdraked:
Being Ashdraked is essentially a more detailed version of being Zhoutonged. It is when you lose all of your invested capital, but you do so specifically by shorting Bitcoin. The expression “Ashdraked” comes from a story of a Romanian cryptocurrency investor who insisted upon shorting BTC, as he had done so successfully in the past. When the price of BTC rose from USD 300 to USD 500, the Romanian investor lost all of his money. ATH (All Time High):
The highest price ever achieved by a cryptocurrency in its entire history. Alternatively, ATL is all time low Bearish:
A tendency of prices to fall; a pessimistic expectation that the value of a coin is going to drop. Bear trap:
A manipulation of a stock or commodity by investors. Bitcoin:
The very first, and the highest ever valued, mass-market open source and decentralized cryptocurrency and digital payment system that runs on a worldwide peer to peer network. It operates independently of any centralized authorities Bitconnect:
One of the biggest scams in the crypto world. it was made popular in the meme world by screaming idiot Carlos Matos, who infamously proclaimed," hey hey heeeey” and “what's a what's a what's up wasssssssssuuuuuuuuuuuuup, BitConneeeeeeeeeeeeeeeeeeeeeeeect!”. He is now in the mentally ill meme hall of fame. Block:
A package of permanently recorded data about transactions occurring every time period (typically about 10 minutes) on the blockchain network. Once a record has been completed and verified, it goes into a blockchain and gives way to the next block. Each block also contains a complex mathematical puzzle with a unique answer, without which new blocks can’t be added to the chain. Blockchain:
An unchangeable digital record of all transactions ever made in a particular cryptocurrency and shared across thousands of computers worldwide. It has no central authority governing it. Records, or blocks, are chained to each other using a cryptographic signature. They are stored publicly and chronologically, from the genesis block to the latest block, hence the term blockchain. Anyone can have access to the database and yet it remains incredibly difficult to hack. Bullish:
A tendency of prices to rise; an optimistic expectation that a specific cryptocurrency will do well and its value is going to increase. BTFD:
Buy the fucking dip. This advise was bestowed upon us by the gods themselves. It is the iron code to crypto enthusiasts. Bull market:
A market that Cryptos are going up. Consensus:
An agreement among blockchain participants on the validity of data. Consensus is reached when the majority of nodes on the network verify that the transaction is 100% valid. Crypto bubble:
The instability of cryptocurrencies in terms of price value Cryptocurrency:
A type of digital currency, secured by strong computer code (cryptography), that operates independently of any middlemen or central authoritie Cryptography:
The art of converting sensitive data into a format unreadable for unauthorized users, which when decoded would result in a meaningful statement. Cryptojacking:
The use of someone else’s device and profiting from its computational power to mine cryptocurrency without their knowledge and consent. Crypto-Valhalla:
When HODLers(holders) eventually cash out they go to a place called crypto-Valhalla. The strong will be separated from the weak and the strong will then be given lambos. DAO:
Decentralized Autonomous Organizations. It defines A blockchain technology inspired organization or corporation that exists and operates without human intervention. Dapp (decentralized application):
An open-source application that runs and stores its data on a blockchain network (instead of a central server) to prevent a single failure point. This software is not controlled by the single body – information comes from people providing other people with data or computing power. Decentralized:
A system with no fundamental control authority that governs the network. Instead, it is jointly managed by all users to the system. Desktop wallet:
A wallet that stores the private keys on your computer, which allow the spending and management of your bitcoins. DILDO:
Long red or green candles. This is a crypto signal that tells you that it is not favorable to trade at the moment. Found on candlestick charts. Digital Signature:
An encrypted digital code attached to an electronic document to prove that the sender is who they say they are and confirm that a transaction is valid and should be accepted by the network. Double Spending:
An attack on the blockchain where a malicious user manipulates the network by sending digital money to two different recipients at exactly the same time. DYOR:
Means do your own research. Encryption:
Converting data into code to protect it from unauthorized access, so that only the intended recipient(s) can decode it. Eskrow:
the practice of having a third party act as an intermediary in a transaction. This third party holds the funds on and sends them off when the transaction is completed. Ethereum:
Ethereum is an open source, public, blockchain-based platform that runs smart contracts and allows you to build dapps on it. Ethereum is fueled by the cryptocurrency Ether. Exchange:
A platform (centralized or decentralized) for exchanging (trading) different forms of cryptocurrencies. These exchanges allow you to exchange cryptos for local currency. Some popular exchanges are Coinbase, Bittrex, Kraken and more. Faucet:
A website which gives away free cryptocurrencies. Fiat money:
Fiat currency is legal tender whose value is backed by the government that issued it, such as the US dollar or UK pound. Fork:
A split in the blockchain, resulting in two separate branches, an original and a new alternate version of the cryptocurrency. As a single blockchain forks into two, they will both run simultaneously on different parts of the network. For example, Bitcoin Cash is a Bitcoin fork. FOMO:
Fear of missing out. Frictionless:
A system is frictionless when there are zero transaction costs or trading retraints. FUD:
Fear, Uncertainty and Doubt regarding the crypto market. Gas:
A fee paid to run transactions, dapps and smart contracts on Ethereum. Halving:
A 50% decrease in block reward after the mining of a pre-specified number of blocks. Every 4 years, the “reward” for successfully mining a block of bitcoin is reduced by half. This is referred to as “Halving”. Hardware wallet:
Physical wallet devices that can securely store cryptocurrency maximally. Some examples are Ledger Nano S**,** Digital Bitbox and more**.** Hash:
The process that takes input data of varying sizes, performs an operation on it and converts it into a fixed size output. It cannot be reversed. Hashing:
The process by which you mine bitcoin or similar cryptocurrency, by trying to solve the mathematical problem within it, using cryptographic hash functions. HODL:
A Bitcoin enthusiast once accidentally misspelled the word HOLD and it is now part of the bitcoin legend. It can also mean hold on for dear life. ICO (Initial Coin Offering):
A blockchain-based fundraising mechanism, or a public crowd sale of a new digital coin, used to raise capital from supporters for an early stage crypto venture. Beware of these as there have been quite a few scams in the past. John mcAfee:
A man who will one day eat his balls on live television for falsely predicting bitcoin going to 100k. He has also become a small meme within the crypto community for his outlandish claims. JOMO:
Joy of missing out. For those who are so depressed about missing out their sadness becomes joy. KYC:
Know your customer(alternatively consumer). Lambo:
This stands for Lamborghini. A small meme within the investing community where the moment someone gets rich they spend their earnings on a lambo. One day we will all have lambos in crypto-valhalla. Ledger:
Away from Blockchain, it is a book of financial transactions and balances. In the world of crypto, the blockchain functions as a ledger. A digital currency’s ledger records all transactions which took place on a certain block chain network. Leverage:
Trading with borrowed capital (margin) in order to increase the potential return of an investment. Liquidity:
The availability of an asset to be bought and sold easily, without affecting its market price.
of the coins. Margin trading:
The trading of assets or securities bought with borrowed money. Market cap/MCAP:
A short-term for Market Capitalization. Market Capitalization refers to the market value of a particular cryptocurrency. It is computed by multiplying the Price of an individual unit of coins by the total circulating supply. Miner:
A computer participating in any cryptocurrency network performing proof of work. This is usually done to receive block rewards. Mining:
The act of solving a complex math equation to validate a blockchain transaction using computer processing power and specialized hardware. Mining contract:
A method of investing in bitcoin mining hardware, allowing anyone to rent out a pre-specified amount of hashing power, for an agreed amount of time. The mining service takes care of hardware maintenance, hosting and electricity costs, making it simpler for investors. Mining rig:
A computer specially designed for mining cryptocurrencies. Mooning:
A situation the price of a coin rapidly increases in value. Can also be used as: “I hope bitcoin goes to the moon” Node:
Any computing device that connects to the blockchain network. Open source:
The practice of sharing the source code for a piece of computer software, allowing it to be distributed and altered by anyone. OTC:
Over the counter. Trading is done directly between parties. P2P (Peer to Peer):
A type of network connection where participants interact directly with each other rather than through a centralized third party. The system allows the exchange of resources from A to B, without having to go through a separate server. Paper wallet:
A form of “cold storage” where the private keys are printed onto a piece of paper and stored offline. Considered as one of the safest crypto wallets, the truth is that it majors in sweeping coins from your wallets. Pre mining:
The mining of a cryptocurrency by its developers before it is released to the public. Proof of stake (POS):
A consensus distribution algorithm which essentially rewards you based upon the amount of the coin that you own. In other words, more investment in the coin will leads to more gain when you mine with this protocol In Proof of Stake, the resource held by the “miner” is their stake in the currency. PROOF OF WORK (POW)
The competition of computers competing to solve a tough crypto math problem. The first computer that does this is allowed to create new blocks and record information.” The miner is then usually rewarded via transaction fees. Protocol:
A standardized set of rules for formatting and processing data. Public key / private key:
A cryptographic code that allows a user to receive cryptocurrencies into an account. The public key is made available to everyone via a publicly accessible directory, and the private key remains confidential to its respective owner. Because the key pair is mathematically related, whatever is encrypted with a public key may only be decrypted by its corresponding private key. Pump and dump:
Massive buying and selling activity of cryptocurrencies (sometimes organized and to one’s benefit) which essentially result in a phenomenon where the significant surge in the value of coin followed by a huge crash take place in a short time frame. Recovery phrase:
A set of phrases you are given whereby you can regain or access your wallet should you lose the private key to your wallets — paper, mobile, desktop, and hardware wallet. These phrases are some random 12–24 words. A recovery Phrase can also be called as Recovery seed, Seed Key, Recovery Key, or Seed Phrase. REKT:
Referring to the word “wrecked”. It defines a situation whereby an investor or trader who has been ruined utterly following the massive losses suffered in crypto industry. Ripple:
An alternative payment network to Bitcoin based on similar cryptography. The ripple network uses XRP as currency and is capable of sending any asset type. ROI:
Return on investment. Safu:
A crypto term for safe popularized by the Bizonnaci YouTube channel after the CEO of Binance tweeted
“Funds are safe." “the exchage I use got hacked!”“Oh no, are your funds safu?” “My coins better be safu!”
The smallest fraction of a bitcoin is called a “satoshi” or “sat”. It represents one hundred-millionth of a bitcoin and is named after Satoshi Nakamoto. Satoshi Nakamoto:
This was the pseudonym for the mysterious creator of Bitcoin. Scalability:
The ability of a cryptocurrency to contain the massive use of its Blockchain. Sharding:
A scaling solution for the Blockchain. It is generally a method that allows nodes to have partial copies of the complete blockchain in order to increase overall network performance and consensus speeds. Shitcoin:
Coin with little potential or future prospects. Shill:
Spreading buzz by heavily promoting a particular coin in the community to create awareness. Short position:
Selling of a specific cryptocurrency with an expectation that it will drop in value. Silk road:
The online marketplace where drugs and other illicit items were traded for Bitcoin. This marketplace is using accessed through “TOR”, and VPNs. In October 2013, a Silk Road was shut down in by the FBI. Smart Contract:
Certain computational benchmarks or barriers that have to be met in turn for money or data to be deposited or even be used to verify things such as land rights. Software Wallet:
A crypto wallet that exists purely as software files on a computer. Usually, software wallets can be generated for free from a variety of sources. Solidity:
A cryptocoin with an extremely low volatility that can be used to trade against the overall market. Staking:
Staking is the process of actively participating in transaction validation (similar to mining) on a proof-of-stake (PoS) blockchain. On these blockchains, anyone with a minimum-required balance of a specific cryptocurrency can validate transactions and earn Staking rewards. Surge:
When a crypto currency appreciates or goes up in price. Tank:
The opposite of mooning. When a coin tanks it can also be described as crashing. Tendies
For traders , the chief prize is “tendies” (chicken tenders, the treat an overgrown man-child receives for being a “Good Boy”) . Token:
A unit of value that represents a digital asset built on a blockchain system. A token is usually considered as a “coin” of a cryptocurrency, but it really has a wider functionality. TOR:
“The Onion Router” is a free web browser designed to protect users’ anonymity and resist censorship. Tor is usually used surfing the web anonymously and access sites on the “Darkweb”. Transaction fee:
An amount of money users are charged from their transaction when sending cryptocurrencies. Volatility:
A measure of fluctuations in the price of a financial instrument over time. High volatility in bitcoin is seen as risky since its shifting value discourages people from spending or accepting it. Wallet:
A file that stores all your private keys and communicates with the blockchain to perform transactions. It allows you to send and receive bitcoins securely as well as view your balance and transaction history. Whale:
An investor that holds a tremendous amount of cryptocurrency. Their extraordinary large holdings allow them to control prices and manipulate the market. Whitepaper:
A comprehensive report or guide made to understand an issue or help decision making. It is also seen as a technical write up that most cryptocurrencies provide to take a deep look into the structure and plan of the cryptocurrency/Blockchain project. Satoshi Nakamoto was the first to release a whitepaper on Bitcoin, titled “Bitcoin: A Peer-to-Peer Electronic Cash System” in late 2008.
And with that I finally complete my odyssey. I sincerely hope that this helped you and if you are new, I welcome you to crypto. If you read all of that I hope it increased, you in knowledge.
my final definition: Crypto-Family:
A collection of all the HODLers and crypto fanatics. A place where all people alike unite over a love for crypto.
We are all in this together as we pioneer the new world that is crypto currency. I wish you a great day and Happy HODLing.
feel free to comment words or terms that you feel should be included or about any errors I made.
Edit1:some fixes were made and added words.
Note: you can read this on GitHub (link), Medium (link) or old Reddit (link) to see all the links. submitted by
: Version 1.3.0 RC1 (Release Candidate 1) is out! The main features of this release are significant performance improvements, including some that benefit SPV clients. Full release notes and downloads are on GitHub
The default minimum transaction fee rate was reduced from 0.001 to 0.0001 DCkB. Do not try to send such small fee transactions just yet, until the majority of the network upgrades.
Release process was changed
to use release branches and bump version on the master branch at the beginning of a release cycle. Discussed in this chat
The codebase is ready for the new Go 1.11 version. Migration to vgo module system is complete and the 1.4.0 release will be built using modules. The list of versioned modules and a hierarchy diagram are available here
The testnet was reset and bumped to version 3.
Comments are welcome for the proposal
to implement smart fee estimation, which is important for Lightning Network.
@matheusd recorded a code review video
for new Decred developers that explains how tickets are selected for voting. dcrwallet
: Version 1.3.0 RC1
features new SPV sync mode, new ticket buyer, new APIs for Decrediton and a host of bug fixes. On the dev side, dcrwallet also migrated
to the new module system. Decrediton
: Version 1.3.0 RC1
adds the new SPV sync mode that syncs roughly 5x faster. The feature is off by default while it receives more testing from experienced users. Other notable changes include a design polish and experimental Politeia integration. Politeia
: Proposal editing is being developed
and has a short demo
. This will allow proposal owners to edit their proposal in response to community feedback before voting begins. The challenges associated with this feature relate to updating censorship tokens and maintaining a clear history of which version comments were made on. @fernandoabolafio produced this architecture diagram
which may be of interest to developers.
@degeri joined to perform security testing of Politeia and found several issues
: mainnet explorer upgraded to v2.1 with several new features. For users: credit/debit tx filter on address page, showing miner fees on coinbase transaction page, estimate yearly ticket rewards on main page
, cool new hamburger menu and keyboard navigation. For developers: new chain parameters
page, experimental Insight API support, endpoints for coin supply and block rewards, testnet3 support. Lots of minor API changes and frontend tweaks, many bug fixes and robustness improvements.
The upcoming v3.0 entered beta and is deployed on beta.dcrdata.org
. Check out the new charts
page. Feedback and bug reports are appreciated. Finally, the development version v3.1.0-pre is on alpha.dcrdata.org
: updated to be compatible with the latest SPV code and is syncing, several performance issues are worked on. Details were posted in chat
. Alpha testing has started, to participate please join #dev
and ask for the APK. iOS
: backend is mostly complete, as well as the front end. Support for devices with smaller screens was improved. What works now: creating and recovering wallets, listing of transactions, receiving DCR, displaying and scanning QR codes, browsing account information, SPV connection to peers, downloading headers. Some bugs need fixing before making testable builds. Ticket splitting
: v0.6.0 beta released
with improved fee calculation and multiple bug fixes. docs
section that grouped some old articles as well as the new Politeia
@Richard-Red created a concept repository
sandbox with policy documents, to illustrate the kind of policies that could be approved and amended by Politeia proposals. decred.org
: 8 contributors
added and 4 removed, including 2 advisors (discussion here
Dev activity stats for August: 239 active PRs, 219 commits, 25k added and 11k deleted lines spread across 8 repositories. Contributions came from 2-10 developers per repository. (chart
Hashrate: went from 54 to 76 PH/s, the low was 50 and the new all-time high is 100 PH/s. BeePool share rose to ~50% while F2Pool shrank to 30%, followed by coinmine.pl at 5% and Luxor at 3%.
Staking: 30-day average ticket price is 95.6 DCR (+3.0) as of Sep 3. During the month, ticket price fluctuated between a low of 92.2 and high of 100.5 DCR. Locked DCR represented between 3.8 and 3.9 million or 46.3-46.9% of the supply.
Nodes: there are 217 public listening and 281 normal nodes per dcred.eu
. Version distribution: 2% at v1.4.0(pre) (dev builds), 5% on v1.3.0 (RC1), 62% on v1.2.0 (-5%), 22% on v1.1.2 (-2%), 6% on v1.1.0 (-1%). Almost 69% of nodes are v.1.2.0 and higher and support client filters. Data snapshot of Aug 31.
Obelisk posted 3 email updates
in August. DCR1 units are reportedly
shipping with 1 TH/s hashrate and will be upgraded with firmware to 1.5 TH/s. Batch 1 customers will receive compensation
for missed shipment dates, but only after Batch 5 ships. Batch 2-5 customers will be receiving the updated slim design
the new D9+ DecredMaster
: 2.8 TH/s at 1,230 W priced $1,499. Specified shipping date was Aug 10-15. FFMiner DS19
claims 3.1 TH/s for Blake256R14 at 680 W and simultaneously 1.55 TH/s for Blake2B at 410 W, the price is $1,299
. Shipping Aug 20-25.
Another newly noticed miner offer is this
unit that does 46 TH/s at 2,150 W at the price of $4,720. It is shipping Nov 2018 and the stats look very close to Pangolin Whatsminer DCR
(which has now a page on asicminervalue
joined the list of stakepools
for a total of 16.
Australian CoinTree added
DCR trading. The platform supports fiat, there are some limitations
during the upgrade to a new system but also no fees
in the "Early access mode". On a related note, CoinTree is working
on a feature to pay household bills with cryptocurrencies it supports.
Three new OTC desks were added to exchanges
page at decred.org.
Two mobile wallets integrated Decred:
- Coinomi added Decred to their Android and iOS wallets. In addition to the Apple App Store and Google Play you can download the APK directly. Coinomi features an integrated cryptocurrency exchange and is the first company to offer a mobile Decred wallet.
- BitBill Android and iOS wallet also added Decred.
Reminder: do your best to understand the security and privacy model before using any wallet software. Points to consider: who controls the seed, does the wallet talk to the nodes directly or via middlemen, is it open source or not?
- Bit Dials announced DCR support via GloBee at their bitdials.eu luxury boutique. Their separate supercar and classic car shop bitcars.eu also accepts DCR, either via GloBee or with manual invoicing in case of privacy concerns.
- Sheldon Store re-enabled DCR payments. The shop sells gift cards for Amazon, iTunes, Netflix and many more.
Targeted advertising report for August was posted by @timhebel. Facebook appeal is pending, some Google and Twitter campaigns were paused and some updated. Read more here
Contribution to the @decredproject
Twitter account has evolved over the past few months. A #twitter_ops channel is being used on Matrix to collaboratively draft and execute project account tweets (including retweets). Anyone with an interest in contributing to the Twitter account can ask for an invitation to the channel and can start contributing content and ideas there for evaluation by the Twitter group. As a result, no minority or unilateral veto over tweets is possible. (from GitHub
- Meetup in Puebla City, Mexico, organized by @elian. (photo, slides, missed in July issue)
- @joshuam discussed Decred and decentralized organizations with Craig Laundy, Federal Minister for Small Business, the Workplace, and Deregulation with the Australian Government, at @YBFVentures. (photos)
- Meetup at @TheBlockCafe in Lisbon, Portugal. @mm presented "Decred 101 - Governance with Skin in the Game" and @moo31337 talked about Decred's 2018 roadmap. (photos: 1 2 3)
- Meetup in Taipei, Taiwan. @morphymore made a short intro of Decred and noted: "After the talk, many have approached to tell me that they literally don’t hear of Decred until today, and are interested in finding out more about the merit of a hybrid consensus system.". Longer report here, some photos and a video are here.
- @eSizeDave introduced Decred to the SILC Undergraduate Program students at @YBFVentures. (photo)
- OKEx Global Meetup Tour in Ho Chi Minh City, Vietnam. @joshuam gave a brief presentation covering the history of Decred, how the project functions, and the importance of governance. Afterwards he joined a panel discussion and spoke about Decred's incentives for long term viability. (video, video, photo)
- Blockchain & Decentralised Governance Panel at @YBFVentures in Melbourne, Australia. @eSizeDave presented Decred, mini-report here. (photos: 1 2)
- Blockchain Futurist Conference in Toronto, Canada. @zubairzia0 noted: "Devs and the community were held in high regard for the people who knew about decred ... one positive thing I remember was someone defending us saying 'Decred does not need a booth', I believe that comment was reflective of the quality of projects being showcased at the conference.". (photo)
- Meetup at @YBFVentures in Melbourne, Australia. @joshuam discussed Decred with Graham Stuart, U.K. Minister for International Trade. (news, photos)
- Small meetup with Jackson Palmer in Melbourne, Australia. (photo)
- Voice of Blockchain in Chicago, USA. @moo31337 talked on Protocol Governance panel, Solving Scalability panel (video) and gave an interview, while @ay-p spoke on Decentralized Exchanges panel. Stakey made an appearance on the slides. (photos: 1 2 3 4 5)
- Hawthorne Street Fair in Portland, USA. Raedah Group was out answering questions about crypto and Decred. (photos)
- Blockchain APAC in Melbourne, Australia. @joshuam joined a panel discussion with reps from banking, university and ISO/TC 307. @eSizeDave reports: "This enterprise conference was indeed a whole lot better than I expected. The presentations were actually full of very worthwhile information from credible people, articulated aptly to a very government, academic, and corporate crowd, who genuinely took on board valuable insights. Good to know some of these key people are Decred holders and stakers as well. I got to use the entire day to speak directly with some of the most pivotal personalities in this particular populace. Ongoing relationships have been built and strengthened.". (photos: 1 2 3)
For those willing to help with the events:
BAB: Hey all, we are gearing up for conference season. I have a list of places we hope to attend but need to know who besides @joshuam and @Haon are willing to do public speaking, willing to work booths, or help out at them? You will need to be well versed on not just what is Decred, but the history of Decred etc... DM me if you are interested. (#event_planning)
The Decred project is looking for ambassadors. If you are looking for a fun cryptocurrency to get involved in send me a DM or come talk to me on Decred slack. (@marco_peereboom, longer version here)
Decred Assembly episode 21 is available
. @jy-p and lead dcrwallet developer @jrick discussed SPV from Satoshi's whitepaper, how it can be improved upon and what's coming in Decred.
Decred Assembly episodes 1-21 are available in audio only format here
New instructional articles on stakey.club
: Decrediton setup
, Deleting the wallet
, Installing Go
, Installing dcrd
, dcrd as a Linux service
. Available in both English and Portuguese
Decred scored #32 in the August issue
of Chinese CCID ratings. The evaluation model was explained in this interview
Satis Group rated Decred highly in their cryptoasset valuation research report
). This was featured by several large media outlets, but some did not link to or omitted
Decred entirely, citing
low market cap.
- Decred Investor Interviews: Ciarán O’Leary, General Partner, BlueYard Capital (medium)
- Decred Update Research Report by Node Blockchain (medium), and the corresponding full 11-page report (Google Drive)
- Is Decred worth my time and money? by Fabien Pelissier (medium), and the full 13-page Decred Analysis (PDF)
- Decred for Custody Providers by @bee (medium)
- The 3 Best-Performing Cryptocurrencies in 2018 (nulltx.com, missed in July issue)
- Decred Review (vivecrypto.com, missed in July issue)
- What is Decred? Everything about Decred, the wallet and the hybrid consensus (Dutch, currentcrypto.nl)
- Decred overview (Japanese, cryptocoinportal.jp, note: Decred's Coco is Amazing, according to Google Translate)
- What is Dark Red (Decred)? (Japanese, billion-coin.jp)
- Decred is the neglected gem among altcoins (captainaltcoin.com)
- What are the characteristics of Decred and where to buy? (Japanese, motto-money.com)
- What is hybrid virtual currency Decred? Explanation of features and future potential (Japanese, investor-a.com)
- What is DCR? Introduction to Decred (cryptobriefing.com)
- Cryptocurrencies in the Top 100 With Working Products That Are In-Use (investinblockchain)
- Top 3 Coins Crushing it in 2018 so Far! - Decred, VeChain, Binance Coin! by Decentralized TV (youtube)
- Decred review by Ultimate Money (youtube, missed in July issue)
- Interview with Marco Peereboom by BitBoy Crypto (youtube)
- Twitter followers 39,592 (+174)
- Reddit subscribers 8,631 (+119)
- Matrix users 163
- Slack users 6,067 (+103)
- YouTube subscribers 3,667
- Facebook 3,048 followers and 2,814 likes
- GitHub 417 (+14) stars and 1,021 (+44) forks of dcrd repository
Comm systems news:
- Interruptions in the chat bridge led to some Slack messages not reaching other platforms, and consequently not being archived in Matrix.
- Several impersonators were detected and banned.
- Inactive Slack channels were archived. If you miss them, let it be known.
- Mastodon was mentioned by several people as a possible alternative for Twitter.
- Two new Reddit rules were added to prevent CAPS flood and duplicate submissions.
After another debate about chat systems more people began testing and using Matrix, leading to some gardening on that platform:
- Decred Matrix community was created: +decred:decred.org, it helps to see all Decred-related rooms and people.
- #privacy and #design are now bridged.
- One private work channel was successfully migrated to Matrix.
- Stylish room avatars were set.
- @Haon has prepared a short guide to help new Matrix users get started and join the Decred rooms.
- A thread was started to discuss changes to Decred jargon with the intent to make it more consistent and accessible to newcomers. The question whether changing "official" terminology requires stakeholder approval was touched in this thread and in #documentation.
- Project fund transparency and constitution were extensively discussed on Reddit and in #general.
- Pre-proposal to use Politeia to approve Politeia as a legitimate decision-making tool for Decred.
Reddit: substantive discussion about Decred cons
; ecosystem fund
; a thread
about voter engagement, Politeia UX and trolling; idea
of a social media system for Decred by @michae2xl; how profitable
is the Obelisk DCR1.
Chats: cross-chain trading
via LN; plans
for contractor management system, lower-level decision making and contractor privacy vs transparency for stakeholders; measuring
dev activity; what if
the network stalls, multiple implementations of Decred for more resilience, long term vision behind those extensive tests and accurate comments in the codebase; ideas
for process for policy documents, hosting them in Pi and approving with ticket voting; about
SPV wallet disk size, how compact filters work; odds
of a wallet fetching a wrong block in SPV; new module system
in Go; security
of allowing Android app backups; why
PoW algo change proposal must be specified in great detail; thoughts
and SPV; prerequisites
for shipping SPV by default (continued
); Decred vs Dash treasury and marketing expenses
, spending other people's money; why
Decred should not invade a country, DAO and nation states, entangling with nation state is poor resource allocation; how
winning tickets are determined and attack vectors; Politeia
proposal moderation, contractor clearance, the scale of proposals and decision delegation, initial Politeia vote to approve Politeia itself; chat systems
, Matrix/Slack/Discord/RocketChat/Keybase (continued
of Korean exchanges; no breaking changes
in vgo; why
project fund burn rate must keep low; asymptotic
behavior of Decred and other ccs, tail emission; count of full nodes
and incentives to run them; Politeia proposal translations
and multilingual environment.
An unusual event was the chat about double negatives and other oddities in languages in #trading
DCR started the month at USD 56 / BTC 0.0073 and had a two week decline. On Aug 14 the whole market took a huge drop
and briefly went below USD 200 billion. Bitcoin went below USD 6,000 and top 100 cryptos lost 5-30%. The lowest point coincided with Bitcoin dominance peak at 54.5%. On that day Decred dived -17% and reached the bottom of USD 32 / BTC 0.00537. Since then it went sideways in the USD 35-45 / BTC 0.0054-0.0064 range. Around Aug 24, Huobi showed DCR trading volume above USD 5M and this coincided with a minor recovery. @ImacallyouJawdy
posted some creative analysis based on ticket data.
an extensive article "ASIC Resistance is Nothing but a Blockchain Buzzword" that is much in line with Decred's stance on ASICs.
The ongoing debates
about the possible Sia fork
yet again demonstrate the importance of a robust dispute resolution mechanism. Also, we are lucky
to have the treasury.
Mark B Lundeberg, who found
a vulnerability in atomicswap earlier, published
a concept of more private peer-to-peer atomic swaps. (missed in July issue)
Medium took a cautious stance
on cryptocurrencies and triggered at least one project to migrate
to Ghost (that same project previously migrated
away from Slack).
Regulation: Vietnam bans
mining equipment imports, China halts
crypto events and tightens control of crypto chat groups.
Reddit was hacked
by intercepting 2FA codes sent via SMS. The announcement
explains the impact. Yet another data breach
suggests to think twice before sharing any data with any company and shift to more secure authentication systems.
Intel and x86 dumpsterfire keeps burning brighter
. Seek more secure hardware and operating systems for your coins.
Finally, unrelated to Decred but good for a laugh: yetanotherico.com
About This Issue
This is the 5th issue of Decred Journal. It is mirrored on GitHub
. Past issues are available here
Most information from third parties is relayed directly from source after a minimal sanity check. The authors of Decred Journal have no ability to verify all claims. Please beware of scams and do your own research.
Feedback is appreciated: please comment on Reddit
or #writers_room on Matrix
Contributions are welcome too. Some areas are collecting content, pre-release review or translations to other languages. Check out @Richard-Red's guide
how to contribute to Decred using GitHub without writing code.
Credits (Slack names, alphabetical order): bee, Haon, jazzah, Richard-Red and thedecreddigest.
In brief Brute force attacks on cryptocurrency private keys are almost statistically impossible with current technology. Quantum computers, which can process data exponentially quicker than regular ones, might make these attacks possible. Quantum computers are some years away from entering the mainstream, but they could eventually pose a risk to cryptocurrencies. Binance users can now buy Bitcoin with practically all of the fiat currencies in existence; Binance, which is one of the leading cryptocurrency exchanges in the world, has partnered with the peer-to-peer crypto exchange Paxful. Via this partnership, Binance users can now use 167 different fiat currencies to buy Bitcoin. The private key itself is AES-256 encrypted. bitcoin private key finder software, bitcoin private key cracker online, bitcoin private key finder download, get private key. If the user loses this private key, they lose their only method of accessing a wallet. But typing in your own private key on a random website isn't a very good idea. I dont found a Bitcoin address generator written in autoit ... It is a legal framework that seeks to give the State power over the private investment of each Venezuelan miner, with the obligation to participate in a national pool, which will be managed, obviously at its discretion. Centralize what is decentralized and guided by the profit interest of each investor to put the activity at the “service of the public good.” The same public good that has ... It relies on a key pair to encrypt and decrypt information - namely, a public key to encrypt and a private key to decrypt. In contrast, ... Quantum computers and Bitcoin mining. Bitcoin mining also uses cryptography. The miners are competing to solve a cryptographic puzzle in exchange for the block reward. If a single miner would have access to a quantum computer, it may gain dominance over ... Bitcoin private key is a secret number generated to allow individuals to spend their bitcoins. When users are issued with a bitcoin address, they are also issued with a bitcoin private key. It is usually a 256 bit number and since it is the golden ticket that allows an individual to spend his or her bitcoins, it needs to be kept safe and securely. Private Key. By Kapil Gauhar. A private key is a modern form of cryptography which allows users to access their cryptocurrency in a safe and secure manner. A private key acts as an integral part of bitcoin and altcoins, and its security make up is proven helpful for protecting users from theft and unauthorized access to their funds.. Private Key Explained I created a website and add bitcoin payment option on it, create a new wallet on the blockchain, I have an API key from blockchain.info and xpub key, but for the transaction, I need a “bitcoin Secret key”. I just want to know that, every key have is own private key, so if i extract the private or secret key and add in site admin panel so it works for all. I am confused, What is the Private Key? The Private Key is a sophisticated form of cryptography that allows users to access their cryptocurrency. A private key is an integral aspect of Bitcoin and Altcoins, and its security make up helps to protect a user from theft and unauthorized access to funds. What is the Public Key? The […] The post Beginner’s Guide: What are Crypto Private and Public Keys ... ***Buy Bitcoin Binance Bitcoin Private Key With Balance Bitcoin Rent Buy Bitcoin Binance Data Mining Bitcoins Bitcoin Hosted Mining Usa Bitcoin And Drug Sales ***Buy Bitcoin Binance Diy Bitcoin Miner 2017 Is Bitcoin Legal To Buy In Hawaii Buy Bitcoin Binance Bitcoin Home Office Bitcoin Game Faucets Bitcoin Ct ***Buy Bitcoin Binance Bitcoin Research Reports Bitcoin Armory Stuck Offline Buy ...