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Exclusive ScPrime Founder Interview - Ken Bell [ Solana SOL Migration ] SCP & SPF
QUESTION: Why's XLM pumpin? ANSWER:
Sugaryield - Building Mobile App - Introducing the Pre-diabetes - Generate Passive income- SolidProof
Stellar Lumens? or Lumens? PLease HELP
Why doesn't Bill Gates like Bitcoin? Just look at his history and make your own decision.
Yesterday I was doing some research on Masternodes. After some DYOR, I found $SCC. Thoughts ?
Cryptomining allows everyone to be a part of a network and profit from it
SCOPE Coin ($SCP) | Utility Token | 800K Market Cap | 12x from Launch | CreatStep Platform| Master Classes with interaction | Huge Potential to go 100x from here
What's your opinion?: Worldwide Asset eXchange - WAX (WAXP)
ScPrime (SCP) - big player in decentralized cloud storage
ScPrime (SCP) is taking a large share of the in Decentralized Cloud Storage!
Mentions
The codebase was literally rewritten in 2015 into SCP does not share codebase with ripple. Stellar has been the one of the most reliable networks out there.
Unknown entity sounds a lot like an SCP character
Funny the CEO stating illegal activities are bad.... Lets see. Here is the form ADV from just one of their numerous companies. [JP Morgan Securities LLC](https://reports.adviserinfo.sec.gov/reports/ADV/79/PDF/79.pdf) in the 396 page PDF if you search for the term "Monetary/Fine" you can find every time they got fined for breaking the rules / law. Its just an endless stream of crime..... And this is only one subsidiary of all of JPM that does one aspect of stocks. >THE ORDER REQUIRES JPMC TO PAY A CIVIL MONEY PENALTY OF $200 MILLION, WHICH WAS PAID ON SEPTEMBER 19, 2013. AS PART OF THE SETTLEMENT, JPMC ACKNOWLEDGED THAT ITS CONDUCT VIOLATED THE FEDERAL SECURITIES LAWS AND ADMITTED TO CERTAIN FACTS, SUCH AS BUT NOT LIMITED TO: THAT JPMC'S TRADERS MISMARKED THE SYNTHETIC CREDIT PORTFOLIO ("SCP") AS LOSSES MOUNTED AND AS A RESULT OF THESE MARKING PRACTICES, THE SCP TRADERS INTENTIONALLY UNDERSTATED MARK-TO-MARKET LOSSES IN THE SCP; JPMC'S EARNINGS RELEASE FOR THE QUARTER ENDING MARCH 31, 2012, INCLUDED THE UNDERSTATED LOSSES FOR THE SCP, AND JPMC SUBSEQUENTLY ISSUED A RESTATEMENT WHICH HAD THE EFFECT OF MOVING SCP LOSSES FROM THE SECOND QUARTER TO THE FIRST QUARTER OF 2012
It's ok, I'm reading through them all and making a list of legit projects. So far the list is: WMT (world mobile token) ALGO (Algorand) BAT (brave attention token) Sweat (sweatcoin) SCP (scprime)
What I'm looking for is exactly what u/exalted_hc wrote in his comment in reply to my post. If you could please structure your post in the same way to describe the project you have mentioned, I can add it to my list of coins I'll deep dive into. So far the list is: WMT (world mobile token) ALGO (Algorand) BAT (brave attention token) Sweat (sweatcoin) SCP (scprime) The post he wrote is as follows so that you can use as a template: Hey there is a project that ticks all this criteria. It's World Mobile Token, utility token for World Mobile (Telecommunications company) Decentralised Wireless / Decentralised Physical Infrastructure (DePIN) [https://www.coingecko.com/en/coins/world-mobile-token](https://www.coingecko.com/en/coins/world-mobile-token) Can be found on Cardano, Ethereum, BNB Chain **1) User pays for goods/service** A. World Mobile sells cellular service complete with texts, calls, data etc as well as eSIMs that work in 120+ countries. Currently has operations in Africa, Pakistan, USA, UK. **2) Revenue goes into company treasury** A. WM earns fiat revenues from customers both B2B and B2C. Just like any other telco. **3) A percentage of the treasury is used to buy the token off exchanges** A. This is what is happening right now. See [https://worldmobiletoken.com/blog/post/world-mobile-token-s-buyback-program-driving-growth-in-the-sharing-economy](https://worldmobiletoken.com/blog/post/world-mobile-token-s-buyback-program-driving-growth-in-the-sharing-economy) Also see [wmtscan.com](https://wmtscan.com) for blockchain explorer indicating token buyback from the open market. **4) Token can either be burnt or distributed to community as payment for their efforts.** A. World Mobile processes transactions made by customers on-chain. These are done by 1000 decentralised EarthNodes (software operators) $WMT holders can stake to ENOs once mainnet is live to secure the network and share in the rewards. $WMT is bought back on open market by WM Team to distribute to ENOs as rewards for processing transactions. The amount of tokens on issue remains the same but potential growth in revenue from the network and company is theoretically infinite. Think of WMT as a mechanism in which WM can pay ENOs for processing transactions on the network and WMT stakers for helping secure it but not be classified as a security. **5) Remainder of revenue used for normal business items** A. This is what happens. WM uses majority of funds for operating expenses and to expand the biz. **6) Rinse Repeat** A. As above. World Mobile is one of the best real-world use cases of blockchain tech and real world revenues giving value to the token. Can find out more by going to socials and joining TG/Discord.
ScPrime does this. They are selling decentralized cloud storage to businesses whereas those businesses pay in fiat, and on the backend it gets converted to $SCP. This way the company can fulfill the contracts while the businesses are none the wiser and don't get distracted by a "crypto" company.
SCPrime is a good working example. They offer S3 distributed cloud storage to paid users. Client connects their existing S3 backup app, uploads data and pay $7 a tb/month with no egress fees or anything extra. They are billed monthly to their CC. The SCP network has sold thousands of "Xa Miners", which are a network attached storage device, and the uploaded data is encrypted and sharded and stored across this network. The Xa Miner hosts are paid in SCP tokens to the equivalent of $4 per tb stored. Every new paying USD customer creates the need for SCP Corp to purchase SCP to pay the hosts with. Rinse Repeat Except a storage customer can also become a host ;) and offset their own cloud costs by storing other data. A cloud customer could even purchase multiple Xa miners or licenses and greatly offset their costs by running a "Virtual Private Datacenter" I'm a partner reseller for the cloud and a seed investor in the company. Happy to give ANYONE here a trial or talk more
ScPrime fits into this category. Decentralised storage that customers who want to store data on the network (using S3 apps same as AWS) pay in $, $6.99/TB/month for retail customers. Storage providers, those who are storing the data get paid in SCP, the projects crypto currency but the paying customers don't need to know or care about this. The corp uses that revenue to buy the SCP coins to pay the providers, rinse, repeat.
PI chain is using stellar blockchain software which contains SCP however app users are offchain.
I understand that it differs and uses a different proprietary mechanism other than many cryptocurrencies known as SCP and it still not launched on crypto currency exchanges. My question was “What kind of coins you can mine using your phone? And I mentioned PC’s and Laptops below that.
[erased by order of the SCP foundation]
Well in my opinion MOONs are like horror movies, when the price is 0.20$, we are calm but as soon as we go up we are pounding like SCP creatures
I swear to fuck, the SCP community has some of the most creative people on the planet. That's not sarcasm. It's genuinely unsettling and awesome <3
Arguments by u/disgustingEvan but I find them reasonable: * Stellar and Ripple are both products of Jed McCaleb one of the co-founders of Ripple Labs. In 2013, McCaleb parted ways with Ripple and went on to launch the Stellar Development Foundation, creating Stellar as an open-source blockchain platform. * Both Stellar and Ripple employ similar consensus mechanisms known as the Stellar Consensus Protocol (SCP) and the Ripple Protocol Consensus Algorithm (RPCA). This shared foundation means that advancements and positive developments in one protocol often have implications for the other. * As Ripple gains traction and adoption, it inadvertently creates exposure for the broader Stellar ecosystem. https://www.reddit.com/r/CryptoCurrency/comments/14yri8n/question\_whys\_xlm\_pumpin\_answer/
The problems you mention in your post are sort of universal. The industry has settled on the current UI approach, mainly I think, because a lot of the applications are in the public domain and open source. While this is good, it does encourage front-end developers to settle for what has come before. The trade-off is the ability to spin up and application rapidly. I'm not sure how Radix improves on this since the applications are generally built by 3rd parties. I agree that the UX on EVMs could be better, but I don't see this as something that is unique to EVM based chains. I know nothing about Radix, so I have no idea how they improve on this. Exploits is less about it being EVM and more about the quality of code running on the chain. Again, I don't see how Radix improves on this. Is it not an SCP? Do you have anything substantive to point to that is specifically a problem with EVM? And not its general implementation or uses?
Eventually, we won't even be typing our obscure SCP fan fiction chats or backrooms stories on 4Chan... what's the point? A robot can do it better and you can just stare off into space waiting, watching and preparing for the eventual battle of man v machine.
This should be classified as supernatural by now. That guy is a real life SCP. He must be locked away to protect the world.
What’s your favorite SCP? Mine is 035 (The Possessive Mask)
SCP 21,000,000; Bitcoin Memetic hazard
2014-jul Trezor ScriptSig in transaction... extract the private key 2015-feb Trezo SpendMultisig ... change output which wasn’t confirmed by the user 2015-mar Trezor Signal noise / power analysis side channel...private key could have been extracted from the device 2017-aug Trezor SRAM was not cleared on soft reset....allowing extraction 2018-feb Trezor The bootloader memory write-protection is not working as intended...unauthorized write-access. 2018-mar Ledger Padding oracle attack on SCP...decrypt the firmware updates. 2018-mar Ledger MCU signature verification bypass...supply chain attacks 2018-mar Ledger Isolation vulnerability...malicious app can break the isolation between apps and access sensitive data managed by specific apps such as GPG, U2F or Neo. 2018-may Trezor Race condition in recovery...USB communication packets could trigger a stack overflow in recovery which could lead to code execution. 2018-aug Trezor MPU circumvention via SYSCFG registers...MPU rule could be circumnavigated 2018-sep Trezor Buffer overflow in bech32_decode...can only be used to perform a denial of service attack. //Found by fuzz testing by Christian Reitter 2018-oct Trezor Buffer overflow in cash_decode...database could later be used to unlock a locked device 2018-nov Trezor Information leak via U2F...leak bytes from RAM via USB 2018-nov Ledger Bitcoin change address injection... //bitcoin APP + malicious client found by Mycelium // https://www.youtube.com/watch?v=f9tBijhZz8I 2018-dec Trezor SRAM Dump during the firmware update...glitching hardware allows readout of RAM 2018-dec Ledger MCU Bootloader verification bypass...allowing an attacker to install an arbitrary firmware on the MCU. // the infamous "f00dbabe" ----------------------2019+ Ledger Only --------------------- 2019-apr OLED screen side-channel...OLED screen side-channel // if able to make advanced statistical analysis (via USB cable) while the secret data is displayed. 2019-oct Monero private key retrieval. //monerao app + malicous client // During the final step of the signature (MLSAG sign), the client sends back some sensitive encrypted elements which the app uses to compute a Schnorr signature. A malicious client can misuse this by replaying earlier elements of this computation, and induce a variant of a nonce-reuse attack 2022-jan Ledger Monero Private Key Retrieval... // monero app + malicious client // Re-use of a parameter leads to possible spend key extraction by the host 2022-feb Monero tx unlock time not verified...could have allowed a compromised host to permanently lock-up a user’s monero. 2022-june Ledger Nano X MCU had its debug interfaces enabled....could effectively allow either a supply chain attacker or an evil maid to convert the device into a USB rubber ducky. //a scenario making the user effectively compromise her funds could not be constructed.
probably meant Smart contracts, but i think the acronym is more commonly SCP ( smart contract platform)
Depends on the project. There’s an opportunity cost for holding in the red. But in this market, it’s difficult to know which horse will move faster. BTC may have a 10% bounce, but FTM could go up 17% at the same time. If it’s a good project, I would advise averaging down so that you can get to at least break even sooner should things eventually rally. FTM is a solid SCP and should have more upside than downside in the months to come.
We are coming to a real crunch point regarding L1 SCP's.
The question is, is Ethereum really blue chip? Bitcoin no doubt but Ethereum doesn’t have such an immaculate conception and could be overtaken by a better layer 1 SCP.
I've been reading SCP articles for a while recently and I thought there was another SCP but in crypto lmao
I’m aware, but 4-5 years on, the term only really gets used by communities to FUD or hype things, that’s why I used “perpetuated”. Basically all of the top SCP’s actual teams never say anything like it, and many even outright say the opposite and discourage tribalism.
Find some low cap gems and put a small percentage in them. I'm a fan of ERG and SCP.
quick we have a containment breach! SCP-6901 has eluded security!
5 Coins not in the top ranks, all legit projects for the future: ERG XCH SCP FLUX GRT
i just feel like there's a lot of different protocols coming around now trying to do a similar thing and so there's going to be a lot of competition and perhaps the number 1 SCP (Smart Contract Platform) of the future doesn't even exist right now. On the other hand to people who are really behind ETH and technological advancements etc, they will say BTC has no actual value but there's just so much invested in it right now and personally even with my somewhat maximalist view, I was surprised it didn't drop to 20-30k levels. ETH has seen a lot of upside but not a ton of downside, or at least that's what I thought before it went under 3k. Maybe now is a decent time to grab some, but I've slowed down a bit on my BTC DCA / topups as well and it will be a bit easier in a few months personally. I don't want to ignore it and I think Vitalik is really a genius but that would be the reason I buy some ETH right now, not because I see it as a particularly usable product in its current state because gas fees for the average person are a bit crazy
That one is easy: Sporting Clube de Portugal, Sporting CP and SCP
I bought Solana around $30 a coin so they’re making me rich too haha. These SCP’s cut out the middle man for things like lending/borrowing services. That’s enough for me!
lol spoken like someone who doesn't hold algo but does hold a competing SCP L1... Reeks of a tribalistic hater comment, sorry buddy.
I’d be huge on Ethereum if someone could simply explain how they’re going to fix the ridiculous fees. I don’t even understand how so much defi action goes on there currently. I know there’s a few things like rollups but people don’t think that will reduce fees to the level of other competing SCP’s.
no, I'm saying algo is more decentralized than any of it's competitors. So in the realm of decentralization among SCP's, Algo is #1.
I agree. betting on bitcoin as store of value, and then picking your choice of one or two SCP's and one or two currency coins is a very well balanced portfolio. That's why I hold a portfolio of bitcoin, algorand and nano.
Yep SOL is just immaculately positioned to be hated in this sub. Take a subreddit in which 98% of people are invested in ETH, now introduce a new SCP which is rapidly creeping up on ETH’s market cap with a faster growing ecosystem, you get FUD and hate. People feel threatened Combine that with the fact that most of this sub don’t hold solana and missed out on SOL’s parabolic run in 2021, it’s pretty obvious how we got to this state.
Market cap and ranking is solely a result of how investors value an asset. That can be influenced by much more than the raw technical aspects and output. How quickly solana has risen to the top, and 2nd biggest SCP should probably show you how exciting of a project it is to the entire crypto world outside of r/CC. Fastest growing ecosystem, skyrocketing validator count, massive TVL etc., this sub will never admit it, but it’s got a hell of a lot going for it
OK. just read through the simplified SCP. so from the bit of understanding I've cobbled together for myself, their flavor of Federated Byzantine Agreement is unique because it uses something called quorum slices... which if I understand correctly, just means that you or I as validators can have totally seperate criteria for what we consider a quorum on the decision to validate block data. Since a valid block has to pass all of our respective validity tests, it's unlikely I'm guessing, that a bad actor could arbitrarily fabricate some fradulent data that simultaneously passes every single random individual criteria across every validator. And since every validator must and will eventually validate a genuinely valid block, any block that gets a no from any single validator is obviously a fradulent block. Nodes that initially vote NO to a block actually have to be 'convinced' to confirm it, through discovering quorums established by other groups of validator nodes. They're claiming >1000-transaction-per-second throughput, using this consensus model... versus ETHs 15 or 20 transactions per second
Usually watch educational YT or recently I have come across The Channel DUST again, sci fi short films. Watching ATROPA right now, pretty fucking dope so far. I also just watched SCP OVERLORD and DOLLHOUSE. Both are fantastic. Imagine the game "F.E.A.R." but live action.
SCP It just started. Look into it
SCP flying and still not on major exchanges!
SCP keeps on going up, don't miss it guys. Right now 2nd biggest storage network by capacity, only behind filecoin and still an unknown coin...
98% of this sub is invested in ethereum Solana is creeping up on ETH’s market cap and seeing faster growth than ETH It’s annoying, but it’s pretty obvious why SOL gets FUDded and hated like it does here. Everyone is scared for their own bags, even though the SOL team themselves have urged that they aren’t and don’t want to be an ETH killer. The future is multi chain and interoperable, there’s room enough for more than one single SCP at the top.
a>a!Moneroa!a< is a Keter-class SCP
Monero is now a Keter-class SCP
SCP. Great decentralized storage project. Huge gains in 2021.
I think TVL is a useful metric for smart contract platforms. For example, networks like XLM seem to get a lot of use from people who want to move money around cheaply, but they tend to buy and sell it within the same day as a result. TVL shows you how committed people are to the actual platform. They're not only interacting with it, but choosing to stay within it for a prolonged period of time. Another way to go is to measure development - the number of devs working on a platform, the number of existing dapps, and the number of dapps in development. Developers tend to follow users - when choosing a network, they go where they believe they can grow and thrive. They don't go all "field of dreams" and pick a dead network with the faith that their excellent dapp will bring users to the platform. But nobody has really created a universal aggregate index for ranking cryptocurrencies by these measures. There's always some level of subjectivity. Does total number of transactions, total number of nonzero wallets, total value of transactions, total value locked, total dapps, total developers, or rate of dapp/developer growth matter the most? And as for L2s/rollups/sidechains, that's even less clear. They're obviously part of Ethereum, yet contribute differently to the network's growth than L1 usage. I think that, once the problem of L2 interoperability is solved, they'll all be considered Ethereum equivalents in terms of users. If you can move your money from a dapp on Polygon to an Optimistic rollup to Loopring without passing through L1 and paying L1 gas, Ethereum would basically be able to achieve total dominance in the SCP sector by offering both the largest number of dapps, along with the highest TPS and lowest gas fees. We're a long way from that though, and it may arguably never happen.
SCPrime ($SCP) for sure! It's only on SouthXchange at the moment.
I think it’s that similarity to ETHs early days that caused the SOL hate. Almost everyone in this sub is invested in ETH, even though personally I don’t see SOL as much of an ETH competitor (the future is multi chain and interoperable, no single SCP will rule them all), plenty of people do and that scares them. It’s the fastest growing ecosystem in crypto right now, it’s definitely got a bright future ahead of it.
I’m liking it. Relatively low market cap for L1 SCP’s. Fixed max supply around 3B. Room to grow.
My list: 1) Nano - best digital cash solution in the crypto market. Digital cash narrative hasn't been hot since late 2017, but it could come around again, and if it does nano will explode the most. 2) Algorand - most undervalued L1 SCP by far. So many integrations and partnerships building behind the scenes, with companies and counties.
I’m sure it’s an innocent mistake, hard to see it all the way down there at… number 5? Second biggest SCP? Yeah must just be an accident, no bias
Not sure why you’re getting downvoted lmao, matic certainly is an SCP.
> Smart contracts - ETH, ADA, ALGO, DOT, XLM, HBAR, KDA People in this sub do anything expect give SOL the slightest bit of credit lol. Literally the second biggest SCP, with the fastest growing ecosystem and highest developer activity, but XLM gets put there before it.
Not trying to be a coin shill or anything but lol into SCP. Idk if it would be a 100x necessarily, but it has a lot of room to grow with ~40 mil mrkt cap. It’s competing against Filecoin and Storj in the storage market. They have a miner and a solid team. Thought I’d share. One thing I have done in the past is look for coins that aren’t on big exchanges yet, but plan to or are going to be partnering with other big projects. Those do well, that’s how I got into Gala. It was on bitrue when I got in and then it hit major exchanges
Bullish on LINK for the long run as it is the go-to Oracle for a lot of chains with a lot of mainstream adoption also. I think it’s just the fact that Oracles aren’t the in-thing for this bull run which is why it’s struggled against the big SCP names.
Ethereum is a SCP, so ETH will change over time to suit a SCP framework. Not a SSoV protocol like Bitcoin is. Currently secured by PoW yet has a tiny hashrate compared to BTC. Hashrate increasing slower than BTC in spite of ETH mining being more profitable. Fundamentally changing network validation to PoS, effect on network security is unknown. Quite simply much more vulnerable to complex attack compared to BTC. ETH's value is much more closely linked to its utility vs. its security.
this is the use case for Ontology- ID documents and voting. Some small european municipalities have used ONT for voting. Its an underappreciated SCP and probably undervalued.
Different focuses for different purposes. They’re both effective in their own way. The future is multi-chain and interoperable, it’s not just going to be ruled by one single SCP. Developers will just be able to use the chains they prefer building on. The idea that ETH has to win and everything that isn’t ETH is an “ETH killer”, is just dumb. Ethereum is great at what it does, solana is great at what it does. They’re fundamentally aiming for different things and creating different user experiences.
Solana is designed with a "leader/replicator" concept. If you know what a client/server design is, then you understand Solana. If you don't know what a client/server design is, then think of a website. You, and thousands of others, have a web browser that is viewing Reddit right now. Reddit hosts a web server where the content lives. You could call this decentralized in the sense that you would never be able to take down every viewer, but if you attack the server then everyone is unable to access the content. >Sending Transactions to a Cluster >Clients send transactions to any validator's Transaction Processing Unit (TPU) port. If the node is in the validator role, it forwards the transaction to the **designated leader**. If in the leader role, the node bundles incoming transactions, timestamps them creating an entry, and pushes them onto the cluster's data plane. Once on the data plane, the transactions are validated by validator nodes, effectively appending them to the ledger. [Solana Docs](https://docs.solana.com/cluster/overview) As you can see from the documentation, a Solana cluster can be taken down with a DDoS on only the leader. It doesn't matter how many validators there are, there could be a million of them and still it would only take an attack on the one leader to do it in. No leader, no cluster. This is *not* decentralization, it's just a naive attempt to solve the Byzantine Fault Tolerance problem that any senior year software engineer might have come up with, and hopefully given a failing grade for. Note that this same problem is properly, and elegantly, solved by the Stellar Consensus Protocol. [Read here for how a real solution works](https://medium.com/interstellar/understanding-the-stellar-consensus-protocol-423409aad32e) >The Stellar Consensus Protocol was first described in a whitepaper by David Mazières in 2015. It is a “federated Byzantine agreement system” that allows decentralized, **leaderless** computing networks efficiently to reach a consensus outcome on some decision. The Stellar payment network uses SCP to provide a consistent view of the network’s transaction history to all participants.
ETH upgrades starting to sound like SCP special task units
SCP-80085 has breached containment
SCP holding nicely. Getting ready for the next leg up....
SCP containment breach under your bed
Nah, people are using their moons and putting them in assets that are appreciating more. 20% of a month's moon earnings don't offset larger gains + staking in more immediately profitable coins (holding any SCP for example in the last 3 months would have made you significantly more than moons). It's great that we have access to moons, I like em, but let's not spread misinformation.
I am planning to hold SOL, ADA, MATIC, SCP and many other altcoins for 10 years or more as long as I can stake it and earn passively. Looking for any P2E gaming platform as well other than Axie Infinity to earn while playing! Any suggestions folks?
It sucks. I had a lot of faith in the project but sold all of my holdings over the summer. I went with other smart contract platforms and have reduced my holding to two SCP’s this next bear market will test all that’s out there.
SCP still going strong. Time for BTC to recover and start the run to 100k
The Queen is a fucking SCP. You counterfeit a pence and the Queen shows up outside your door at 2:39 AM.
SCP starting it's run, don't miss it guys...
Better to lower expectations. Going to change the entire universe perhaps not what you should look after. For example, I chose SCP. They're a storage project and instead of trying to change the world, they're going after companies using AWS S3 for backup/archival and data recovery. Huge market to get in....
SCP, but right now they're targeting enterprises. End users will come later
Proof of stake and other low power consensus mechanisms like SCP
Ban period felt like those poorly created SCP documents. Everything is just [REDACTED]
Check out Swiss Crypto Payment (SCP) The purpose of this project is to be an exchange, wallet and credit card in one. Their token called SCP is listed on pancakeswap.
SCP, AWS S3 distributed datacenter...
Shill me a coin with good fundamentals in comments and I will go first . I present to you TIXL . Zero transfer fees and extremely good speed . In other networks, transactions are either expensive, slow or not interoperable. Tixl’s layer 1 with scaling features for all other connected blockchains solves all of those pain points. It is built as a special Directed, Acyclical Graph (DAG) working with the Stellar Consensus Protocol (SCP): 1 You send e.g. BTC to the Autobahn Network Gateway 2 The decentralized nodes hold your BTC via a Threshold Signature Scheme (TSS) 3 You transfer BTC within the network as often as you like 4 You withdraw BTC to the main blockchain, if you plan to hold it there. The decentralized nodes release your BTC via TSS
SCP chart looking beautiful, getting ready for the next leg up....
Me holding NANO for this exact reason. It's the P2P utopia coin that's just being overshadowed by the hype around programmable money and SCP in my mind.
Just FYI, these are the minimum specs. It is incredibly difficult in FIL to compete with the rigs worth millions and millions of $, not exactly the same as joining a pool in ETH mining. Many have said in the past you should have over 300GB RAM and a massive server. Also I remember reading in the past that you need to stake some amount of FIL, I believe to be 32 FIL, though I can't seem to find that information now. Btw another storage providing miner is SCP, maybe something to look into, though not very profitable. I personally really like RTM for CPU mining.
>Are you saying electricity used to create money is wasteful? It depends on how the money is created. If it's created the way Bitcoin and Ethereum (currently) work, you'd be using proof of work (PoW) which is incredibly energy intensive. Not only are there much more efficient consensus mechanisms that have been developed (like PoS, SCP), but proof of work also has a massive problem with soft forking. Bitcoin, for example, allows for two miners two mine different valid blocks in such a way that the chain soft forks and there are competing histories of the last block or few blocks. This disparity has to be dealt with since the blocks could contain conflicting transactions. So only one of the forks will ultimately survive and the other will be discarded. You might have heard of the 'longest chain rule' for Bitcoin. We consider the chain with the most PoW in it (i.e. the longest one) as the true blockchain. So when these forks occur and are reconciled, the losing forks are no longer considered in the blockchain and are more or less wasted.
SCP, demand for data storage will increase exponentially. Their AWS S3 Relayer client will allow any company to switch from AWS to ScPrimes's decentralized network and keep doing business as usual with the advantages of a decentralied network. Also their Xa-Miner storage miner allows the network to increase capacity while providing passive income to those who buy it. Worth taking a look...
Nice write up - thanks, I know the project and its nice to see it accurately reflected. People are often put off projects by the exchanges they are listed on, by the time something is on one of the whoring tier1 exchanges is usually too late. Out of its small funds this project paid to be listed on Probit and SouthEx, don't touch Probit, I have funds stuck on there for over 6 months. SouthEx on the other hand is a breath of fresh air, well run, easy KYC, responsive, deposit, withdraws are quick & reliable and I have quietly accumulated a bag there as the miners of SCP just seem to sell it when they mine it :)
SCP, their AWS S3 Relayer client will allow any company in the world to switch from amazon services to their decentralized network and keep doing business as usual, benefiting from the advantages of a decentralized network.... Pretty much bye bye amazon and their centralized services....
SCP, they're building distributed datacenter. Their AWS S3 Relayer client will allow any company in the world to switch from AWS S3 to their decetralized cloud storage network and keep doing business with the advantages of a decentralized network. That means bye amazon and their centralized services.... Product already beta testing client data.....
Research some low cap gem. Here's one for you that's poised to do more than x100, SCP......
Matic is a top 3 SCP after Eth and Sol and crushes active user records, exploding 38.52% week over week!! DAU: 287.7k (+38.52%) Tx/day: 6.5 mm (+13.42%) Rev/Day: $38.78k (+26.61%) Cost/Tx: $0.0059 (+11.63%) This is on top of all the Web3, BSC, ETH, reve growth and so much more. It’s only a matter of time before it’s value is recognized.
[https://scp-wiki.wikidot.com/](https://scp-wiki.wikidot.com/) [https://en.wikipedia.org/wiki/SCP\_Foundation](https://en.wikipedia.org/wiki/SCP_Foundation) Basically a series of creepy posts from an agency which houses all these weird and freaky monsters but the "reports" often are heavily redacted
>SCP Sorry but whathat does SCP mean? Google says "Secure, Contain and Protect", which made no sense to me