Merkle Tree Proof, solving  The privacy-driven cryptocurrency, Zcoin has proudly announced the first-ever implementation of MTP (Merkle Tree Proof),

Zcoin Becomes the First Cryptocurrency to Implement Merkle Tree Proof, solving Miner Centralization Imbalance

Bitcoin Press Release: Privacy-driven cryptocurrency Zcoin has released MTP, a Proof-of-Work algorithm for faster verification and fairer mining process, supports CPU mining as well.

 Merkle Tree Proof, solving  The privacy-driven cryptocurrency, Zcoin has proudly announced the first-ever implementation of MTP (Merkle Tree Proof),

FOREX  INVESTORS  – Merkle Tree Proof, solving  The privacy-driven cryptocurrency, Zcoin has proudly announced the first-ever implementation of MTP (Merkle Tree Proof), an algorithm offering a high level of security, performance, and egalitarian computing. The cryptocurrency will be the first to use Zero-Knowledge proofs for financial anonymity and privacy.

Developers of the successful ‘Equihash’ project, Alex Biryukov and Dmitry Kovratovich pioneered Merkle Tree Proof (MTP) PoW together in an academic paper. Once properly implemented, MTP will offer a solution to the disparity between normal miners and regular power-users who currently gain an advantage through the use of GPU, FPGA and ASICs to fuel a cheap attack.

Merkle Tree Proof, solving


Zcoin’s lead developer Poramin Insom considers centralization as one of the biggest challenges of PoW. He states,

“In a network that is dominated by ASICs, security is left in the hands of the few people who have the capital and technology to dominate the hash rate. It’s been argued that with ASICs, the network is more secure due to the increased hash rate. In my opinion, it’s not the absolute hash rate that matters, but rather the cost and the barriers to entry that you need to overcome to overtake the network.”

Poramin further states,

“One of the main reasons the Equihash scientists sought to create MTP was to improve upon the drawbacks of a long initialization phase. Ultimately, MTP shortens the phase and keeps the algorithm “progress free” and independent of any previous events, leading to more decentralized mining. We hope that MTP becomes a serious choice of proof-of-work in cryptocurrencies and that Zcoin’s implementation assists in further improvements in this area of research.”

The Zcoin development team have coded MTP and are currently running it on their testnet. The company’s aim is to promote egalitarian computing and secure equal price to cost ratio for a single computing unit, on every platform. This will prevent any single device from gaining a significant advantage over any other. It also guarantees that users and attackers are equal in the price-performance quotient conditions, preventing any large-scale attacks.

In addition, MTP hashing has become highly memory intensive with Zcoin’s reference implementation using 2 GB of RAM, and machines infected by botnets would most likely experience notable performance degradation and alert the user in the event of an attack.

MTP has the ability to minimize verification times down to those of Bitcoin, without the need of substantial memory once the solution is found. This helps the network become more resilient to DoS attacks targeting verifiers and allows lightweight devices like smartphones to perform verification, previously not possible with present memory hard algorithms.

Zcoin has confirmed that it will be launching a Miner Bounty Challenge, open to all community members for the continued development of miners for MTP. The challenge winner will receive a prize total of $20,000 USD, which will be distributed amongst the best CPU and GPU miners.

About Zcoin

Zcoin is the first privacy-centric cryptographic currency that has implemented the Zerocoin protocol, one of the most groundbreaking academic developments in Bitcoin research. Zcoin solves the privacy problem found in all previous cryptocurrencies and allows users to have financial privacy on the blockchain via Zero-Knowledge cryptographic proofs. Zcoin has been well received by the community. Roger Ver, a well-known personality in the cryptocurrency sector has noted publicly that he has invested in Zcoin.

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Tesla Stock: Tesla’s Poor Results PROOF Investors Have Lost Their Minds

Tesla Stock: Tesla’s Poor Results PROOF Investors Have Lost Their Minds

Tesla Stock: Tesla’s Poor Results PROOF Investors Have Lost Their Minds

Tesla StockTesla Stock Needs a Correction

What else is new? Tesla Motors Inc (NASDAQ:TSLA) was trading only 0.5% lower yesterday morning, but it definitely could’ve been worse. After all, the American manufacturer of luxury electric cars continued to show losses in its second-quarter results. It also produced fewer vehicles than expected.

Tesla’s CEO, Elon Musk—who runs the car company, a solar panel company, and a space exploration company planning a mission to Mars by 2025—must be running on Tesla stock’s famous “Autopilot.” You would think that the chronic.

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To the credit of TSLA stock, revenue of $1.27 billion marked a 33% increase. However, adjusted revenue of $1.56 billion was below market expectations of $1.62 billion. Here’s the truly mindboggling number, though: Tesla reported an adjusted loss per share of $1.06. This was more than double what analysts expected (a $0.52 loss). This was also the 13th straight quarterly loss for Tesla, for those who keep track of such things. (Source: “Tesla posts another loss, but says on track for future deliveries,” Reuters, August 3, 2016.)

Battery technology is advancing rapidly and there’s no guarantee that lithium-ion (Li-ion) batteries will endure the test of time. There’s a good chance that, as many manufacturers start introducing electric cars, battery technology will evolve. For the record, Tesla didn’t invent electric cars. They’ve been around longer than internal combustion cars. Breakthroughs with aluminum-air (Al-air) batteries could blow Li-ion batteries out of the Nevada desert. (Source: “New aluminum air battery could blow past lithium-ion, runs on water,” Extremetech, January 28, 2015.)

Ultimately, though, the problem is not with electric cars at all. There’s nothing wrong with electric cars. Many car companies are introducing them and that’s actually the problem for Tesla. The established manufacturers, those that have confronted production issues when Elon Musk was in diapers, will make them more efficiently. They’re just not getting the cult-like shareholders that are flocking to Elon Musk’s company. Tesla has constantly failed to ramp up production, while it still enjoys a relative monopoly in the luxury electric car market, all because of Musk’s fan boys.

The post Tesla Stock: Tesla’s Poor Results PROOF Investors Have Lost Their Minds appeared first on Profit Confidential.

LEOcoin, an Entrepreneur’s Alternative for Bitcoin Moves to Proof of Stake

LEOcoin, an Entrepreneur’s Alternative for Bitcoin Moves to Proof of Stake

LEOcoin, an Entrepreneur’s Alternative for Bitcoin Moves to Proof of Stake

LEOcoin, an Entrepreneur’s Alternative for Bitcoin Moves to Proof of Stake

LEOcoin, the bitcoin like cryptocurrency for entrepreneurs has shifted from the previously implemented Proof of Work (POW) to Proof of Stake (POS) consensus algorithm. LEOcoin has also added few exciting products into its portfolio.

August 1, 2016 – LEOcoin, the cryptocurrency created by London-based LEOcoin Foundation has made an important change to its protocol to make it more robust and user-friendly. The organization reports successful migration from the previously used Proof of Work consensus protocol, similar to that of Bitcoin to a more efficient Proof of Stake consensus protocol.

The introduction of Proof of Stake algorithm makes it possible for everyone to get involved in the staking process, without having to invest in specialized equipment like ASICs or mining farms. Anyone who can operate a computer can now take part in the staking by opening their free to use LEOcoin wallet and clicking on a button. By eliminating the need for specialized equipment LEOcoin offers a greener alternative to Bitcoin, drastically reducing the carbon footprint for every newly created coin.

LEOcoin has also introduced a new rewarding structure for staking depending upon the number of coins (stake) held by each participant. Dan Andresson, the CEO and co-founder of LEOcoin offers a brief outline of the new rewards structure where those holding 1000 LEOcoins or more will receive about 10 percent returns per year, while those with 5000 and more will receive 15 percent and those with over 50000 will be receiving 20 percent returns on their stake each year.

LEOcoin Foundation, the not for profit organization behind creation and maintenance of LEOcoin has also few new products to add more value to the community. The latest products include My LEO Travel and LEOcoin Merchants. My LEO Travel is a travel and hotel booking platform where people can plan their trip and pay with LEOcoin alongside other payment options. LEOcoin Merchants allows merchants and businesses to accept LEOcoin in payment for the goods and services.

LEOcoin is a digital currency created last year by the LEOcoin Foundation for entrepreneurs and businesses. The digital currency allows individuals to make fast and secure transactions over a decentralized peer-to-peer network. Like Bitcoin, LEOcoin offers a certain degree of anonymity and it is simple and easy to use. The Proof of Stake algorithm used in LEOcoin also ensures active community participation, further strengthening the network every passing day.

LEOcoin has been appreciated by various diplomats and bureaucrats from across the world. They have also extended their support to the digital currency ecosystem created by LEOcoin. The founders of LEOcoin have participated in various international events and gatherings, rubbing shoulders with powerful people from governments who are striving to promote entrepreneurship and businesses in their home countries and outside alike. Recently, LEOcoin was endorsed by the Chinese Ambassador to the United Kingdom among others in an event which saw diplomats from over 20 countries in attendance.

About LEOcoin

LEOcoin is a cryptocurrency conceptualized by the well-known UK-based entrepreneurial skills training company Learning Enterprises Organization. LEOcoin is a decentralized, easy to use peer to peer digital currency maintained by LEOcoin Foundation. It is supported by a large community of established and aspiring entrepreneurs who are actively involved in building the LEOcoin community and increasing its adoption across the world.

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