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Showing 20 of 29 results by bleym2012
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Topic
Board Bounties (Altcoins)
Re: Bounty: Rivetz Security Project - Earn With your Support
by
bleym2012
on 12/07/2017, 21:04:05 UTC
Joined social media
Post
Topic
Board Announcements (Altcoins)
Re: 🌲[ANN] RootProject - Profit with Non-Profits [pre-ICO now LIVE] 🌲
by
bleym2012
on 12/07/2017, 18:55:37 UTC
Im definitely investing in this project..brilliant idea
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Topic
Board Project Development
Suitable Programming language for blockchain app development
by
bleym2012
on 12/07/2017, 14:37:20 UTC
Can I know which programming language is most suitable for developing blockchain applications?
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Topic
Board Mining (Altcoins)
Re: Any help with links to videos on building mining rings?
by
bleym2012
on 12/07/2017, 14:31:03 UTC
BBT to the rescue, enjoy! Smiley

BBT Livestream21: Building a Ethereum Mining Rig Start to Finish! 6x GTX 1060 :

https://www.youtube.com/watch?v=MA_sH4q2toU

Live Episode 26 - Cradle to Grave Windows 10 Ethereum Mining Install:

https://www.youtube.com/watch?v=l3XOtQtFKSQ



Thank you Vann, will check them out!
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Topic
Board Trading Discussion
Re: Can u turn 25$ to 5000$ in 6 months trading cryptos?
by
bleym2012
on 12/07/2017, 14:25:54 UTC
Alot of experiences.Anyway, I will give it a try! When I'm successful I will be back here to share my testimony
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Topic
Board Bitcoin Discussion
Re: Anyone to explain the fork issue in simple terms to me?
by
bleym2012
on 12/07/2017, 02:46:04 UTC
I need basic non technical explanation of the bitcoin fork. Any help?

Source: http://www.investopedia.com/terms/s/segwit-segregated-witness.asp

DEFINITION of 'SegWit (Segregated Witness)'
SegWit is the process by which the block size limit on a blockchain is increased by removing signature data from Bitcoin transactions. When certain parts of a transaction are removed, this frees up space or capacity to add more transactions to the chain.

Segregate means to separate, and Witnesses are the transaction signatures. Hence, Segregated Witness in short, means to separate transaction signatures.

The concept of SegWit was formulated by Dr. Pieter Wuille.

BREAKING DOWN 'SegWit (Segregated Witness)'
The bitcoin blockchain consists of multiple systems distributed across a peer-to-peer network. These systems are called nodes and serve as the administrators of Bitcoin transactions. All transactions made in Bitcoin are duplicated across these nodes, making it virtually impossible to hack into and corrupt a transaction.

The transaction data that is shared across the multiple nodes consists of two components – inputs and outputs. There could be one or multiple inputs and outputs involved in a transaction. The output is the public address of the recipient. The input is the public address of the sender. The sender needs the recipient’s public address in order to send funds to him or her. The majority of space in a transaction consists of a signature, a part of the input, which verifies that the sender has the required funds to make a payment. So in effect, a Bitcoin moves from inputs to outputs for each transaction transmitted. Once each of the nodes have verified the transaction as valid, the transaction is included in a block which is added to the chain or the general ledger for public access.

The problem that the Bitcoin platform is facing is that as more and more transactions are being conducted, more blocks have to be added to the chain. Blocks are generated every 10 minutes and are constrained to a maximum size of 1 megabyte (MB). Due to this constraint, only a certain number of transactions can be added to a block. The weight of the transactions, represented by the blocks, is weighing down the network and causing delays in processing and verifying transactions, in some cases, taking hours to confirm a transaction as valid. Imagine all Bitcoin transactions that have been carried out since the inception of Bitcoin in 2009 sitting on the blockchain and still piling up. Long term, the system would not be sustainable if a radical change is not made.

Dr. Pieter Wuille suggests that to solve this problem, the digital signature needs to be segregated from the transactions data. This process is known as Segregated Witness or SegWit. Digital signature accounts for 65% of the space in a given transaction. SegWit attempts to ignore the data attached to a signature by stripping off the signature from within the input and moving it to a structure towards the end of a transaction. This would increase the 1 MB limit for block sizes to a little under 4 MB. In addition to slightly increasing the capacity size of blocks, SegWit also solves the problem where a receiver could intercept and modify the sender’s transaction ID in a bid to get more coins from the sender. Since the digital signature would be detached from the input, the unscrupulous party would have no way of changing the transaction ID without also nullifying the digital signature.

As of May 2017, SegWit is yet to be put in effect. 95% of the Bitcoin community have to agree to this new process and switch to the new Bitcore Core client for at least two weeks, before SegWit can be successfully activated. So far, only an estimated 30% have signed up for it.

Thank you mate
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Topic
Board Trading Discussion
Can u turn 25$ to 5000$ in 6 months trading cryptos?
by
bleym2012
on 12/07/2017, 02:42:52 UTC
Is it possible to turn 25$ to 5000$ trading cryptos for 6 months?
Post
Topic
Board Mining (Altcoins)
Any help with links to videos on building mining rings?
by
bleym2012
on 12/07/2017, 02:39:03 UTC
Can someone help me with links to a good video on how to build mining rigs from scratch?
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Topic
Board Politics & Society
Re: ISIS Leader is dead
by
bleym2012
on 12/07/2017, 02:36:31 UTC
Well, the issue is when will isis die?? The atrocities are sickening
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Topic
Board Bitcoin Discussion
Anyone to explain the fork issue in simple terms to me?
by
bleym2012
on 12/07/2017, 02:32:52 UTC
I need basic non technical explanation of the bitcoin fork. Any help?
Post
Topic
Board Bounties (Altcoins)
Re: [BOUNTY][ICO] S3graph - AI Meets Blockchain
by
bleym2012
on 12/07/2017, 02:09:24 UTC
Newbies should be allowed to join fb and twitter
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Topic
Board Altcoin Discussion
Re: BITCOIN FORK INFORMATION
by
bleym2012
on 11/07/2017, 23:07:53 UTC
Oh great, thank you for sharing
Post
Topic
Board Bounties (Altcoins)
Re: [BOUNTY][ICO] S3graph - AI Meets Blockchain
by
bleym2012
on 11/07/2017, 21:00:43 UTC
Great.I was part of the first 100 on slack and telegrm
Post
Topic
Board Bounties (Altcoins)
Re: Target Coin - World's First Bonus Paying Crypto Fund - Bounty Campaign
by
bleym2012
on 11/07/2017, 17:22:01 UTC
Joined social media campaign
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Topic
Board Bounties (Altcoins)
Re: [ICO][Bounty] Official SkyWay $1M Bounty Campaign Thread
by
bleym2012
on 11/07/2017, 14:01:52 UTC
Joined fb and twitter
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Topic
Board Bounties (Altcoins)
Re: [Giveaway] ACT- Citizens First 🔥 Earn 1000 ACT Token 🔥[1,000,000 ACT Giveaway]
by
bleym2012
on 11/07/2017, 12:01:27 UTC
I received an email but no payment
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Topic
Board Marketplace (Altcoins)
Re: 🌟🌟🌟 [GIVEAWAY] TokenLot - $500 In Free Prizes - Enter Today! 🌟🌟🌟
by
bleym2012
on 11/07/2017, 02:12:16 UTC
Joined the contest
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Topic
Board Bounties (Altcoins)
Re: [ANN][BOUNTY] OBSIDIAN | C# .NET | Stratis Core | PoS | Encrypted Messenger
by
bleym2012
on 10/07/2017, 23:17:51 UTC
Joined social media campaign
Post
Topic
Board Bounties (Altcoins)
Re: Bounty: Rivetz Security Project - Earn With your Support
by
bleym2012
on 10/07/2017, 19:00:24 UTC
Joined social media campaign
Post
Topic
Board Marketplace (Altcoins)
Re: @@@ BITOTAL TWITTER CAMPAIGN WEEK 2 @@@
by
bleym2012
on 10/07/2017, 01:30:51 UTC
Great opportunity to earn some ttt