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BusinessAll You Need To Know About Hedera Hashgraph by AjalaJ(op): 3:16am On Nov 27, 2019
Table of Contents
All You Need To Know About Hedera Hashgraph
Hedera is said to be a decentralized public ledger that personalizes the digital world for its users in ways like never before. This technology goes beyond Blockchain for inventors to deliver applications that are fast, fair and secure.

Hedera Hashgraph was developed by Dr. Leemon Baird and Scientist Mande Harmon on July 2016. This game-changing invention was invented by the founders through the experiences and expertise they garnered after working on different projects including Swirlds, Trio Security and BlueWave Security. They also worked with the United States Air Force Academy.

Hedera runs on Hashgraph, which is an even better DLT alternative than the traditional Blockchain DLT and is more than adequate for mainstream and high scale use.

This program enables its users to interact and transact securely and efficiently online, without any third-party intermediary involvement, which could put the user’s sensitive information at risk.

What is the Difference Between Hedera Hashgraph and Other Blockchains?
For a better understanding of Hedera Hashgraph, let us examine the superiority this network has over traditional Blockchain.

Concerns have been raised about the capacity of Blockchain to handle the level of scaling necessitated by mainstream markets. It is mandated that large scale networks be capable of handling hundreds of thousands of transactions per second, but right now, prevailing Blockchain systems do not have such infrastructure in place to handle these requirements.

Hedera’s system, however, can handle up to 10,000 transactions in a second, while maintaining secure and efficient operations.

Hashgraph runs on a system that is Asynchronous Byzantine Fault Tolerant (ABTF), which makes it remarkably secure from cyber attacks like Sybil and DDoS. Hedera believes that this is an adequate security measure to be observed and that the consensus mechanism of other DLTs fails to achieve this.

Furthermore, a good number of public Blockchain systems do not have the necessary technical controls to make decisions, which could result in issues if the system was to have a glitch.

Concerns have also been raised on how public DLT systems should be regulated by well-regarded representatives from different sectors.

This is not the case with Hedera as they have a governance structure that is responsible for evaluating modifications made to the platform’s codebase, electing council managers and maintaining power equilibrium in the network’s corporation. According to Hedera, strong security and effective governance are keys to sustaining a stable system.

The HBAR and How It Functions
Hedera Hashgraph was primarily created to provide a reliable, productive and credible platform that caters to enterprise-grade applications, and not to operate as a cryptocurrency. Nevertheless, as with every other public DLT system, a native coin is necessary for the system to function. In this case, HBAR is the native coin for the Hedera platform and it fulfills two roles in the network which are:

1- Network fuel:

Developers use HBAR as means of exchange for network-related services like managing small contracts, storage of files, and exchanging cryptocurrencies. The HBAR token is also used as a tool for incentivizing and paying network nodes.

Developers can incorporate the HBAR into applications to carry out peer-to-peer payments as well as micropayments business models.

2- Network Protection:

Hedera’s proof-of-stake public system uses HBAR tokens, which are endowed to network nodes, to weigh network votes on transactions when approaching a consensus.

The weighted network voting system makes it incredibly costly and hard for ill-intentioned players to manipulate consensus.

Perks of Using HBAR Tokens
Impressive throughput:

The Hedera Hashgraph system can carry out 10,000 HBAR token transactions in just a second without compromising the security or durability of the network.

Discounted fees:

Hedera Hashgraph’s consensus is exceptionally lightweight which creates room for the cost of HBAR transactions to be low (roughly $0.0001 U.S. Dollar). Such transactional costs coupled with an excellent throughput make the HBAR micropayment a possibility.

Speedy transaction finality:

Hedera boasts of attaining finality on transactions within three to five seconds compared to Bitcoin which takes one minute or Ethereum which takes thirty to fifty seconds.

Economics of HBAR

Hedera’s treasury distributed its HBAR tokens on the 18th of September. 379 million tokens were given to investors who participated in the three-round capital raise that occurred in March up until August 2018. 1.95 million tokens were shared on the first day of launch to advisors, vendors and other related parties. The remaining 50 billion tokens will be distributed strategically by the network’s governing council over the next 15 years.

This release strategy will guarantee the security of Hedera’s proof-of-stake public network. This strategy will assist Hedera in achieving its vision of “maximum decentralization at scale”.

The HBAR listed for trading on twelve exchanges including OKEx, AlgoZ, Bering Waters, xfeatures, Galaxy Digital, Liquid, BitOda, OKCoin, Upbit, GSR, Bittrex and OSL. It can also be traded through over-the-counter desks.

HBAR Proxy Staking
Users and developers can purchase HBAR tokens from third-party outlets end companies such as exchanges and other transactional bodies that have decided to get integrated into Hedera’s ecosystem. The user can then use the HBAR token as a means of exchange for goods or services, and to pay other applicable transaction fees.

Users can also “proxy stake” the HBAR token to a network node. The proxy staking feature guarantees the maintenance of the security as well as the quality of the platform’s network operations while allotting a small percentage of the transaction fees to the proxy stakes. However, the proxy staking feature is yet to be made available.

Hedera’s Governing Council

Hedera is run by a system called the “Governing Council”. This ruling system consists of recognized bodies like IBM, Deutsche Telekom, TATA Communications, FIS, Nomura, Boeing, DLA paper, Swisscom Blockchain, Magulu, and Swirlds.

The governing council is set up in a manner that maintains a “rotating” council of about 39 enterprises specifically selected from an array of industries and geography. This rotational system ensures that there is always an equilibrium of power at any given time.

The Functionalities of the Governing Council
1- Direction of the codebase:

The members of the governing council all have equal votes when it comes to the direction of the software concerning public nodes, as well as the platform’s codebase.

2- No forking:

The consensus algorithm for Hashgraph is proprietary and has an open review code this creates a no-fork warranty for the network and its native coin. This helps to maintain the stability of development for app builders and to also guarantee long-term reliance on the network.

3- Initial network nodes:

Thousands of public nodes will join the network to promote its decentralized consensus and advancement. The governing council screens these nodes before they are integrated into the system.

4- Term limits and vote equality:

Members of the governing council are permitted to only have a three-year term at maximum with two successive terms after which they will be mandated to forfeit the post. However, this rule does not apply to Swirlds. Swirlds, as the creator of the Hashgraph algorithm, has a permanent seat with equal voting rights in the council.

Hedera preserves decentralization by distinguishing between governance and consensus. It was designed in that way to guarantee that the governing council continues to be competent at all times.

The council is also charged with the decision making responsibility on:

Management of the treasury to guarantee the safety of the network.

Provision of the legal necessities to serve the globals.

Regulation of mutability to handle data and legal compliance.

Provision of direction to the platform as well as the network’s node codebase.

Third Generation Distributed Ledger Technology
Bitcoin (first generation DLT) and Ethereum (second generation DLT) were the pioneering entities for decentralized infrastructure and programmability. They operate using a proof-of-work Blockchain which consumes a vast amount of work power and is slow to carry out transactions just so it can achieve acceptable levels of security. The intense levels of consumption of bandwidth by these networks make it expensive, which is exorbitant for simple cryptocurrency transactions.

Hedera, on the other hand, runs on a proof-of-stake public network that is backed by a Hashgraph algorithm and attains a very exceptional grade if security (ABTF) while providing incredibly fast transaction speeds and remarkably low bandwidth consumption.

Just as broadband technology was crucial in the early adoption of the Internet, there have been proclamations that the third-generation DLT is indeed the broadband moment for cryptocurrency.

Other innovations like Facebook’s Libra are signs that the third-generation era is already upon us.

Libra unlike other cryptocurrencies, is a global currency and will have a stable nature. The prospects of Libra has caused unrest in regulatory bodies around the globe and has made them take a negative stand against the progress of the technology. However, Libra does not seem to be deterred by this opposition and is still set to launch on the proposed date.

Decentralized Company Apps on Hedera
Hedera features over 500 decentralized company apps ranging from innovative startups to well established global enterprises. A few of these companies are Armada, Certara, Earth.ID, earth tile, Power transition, Tune.fm, ecclesia, Ads Dax, Alto, Attestiv, Binsignia, Block.Red, Carbon, Zeux, Zabo, and Otarfy.

Conclusion
Hedera is the future of public decentralized ledger technology thanks to the combination of outstanding throughputs and cheap fees. There’no denying that Hedera Hashgraph is a force to be reckoned with.

Source: https://cryptoevent.io/all-you-need-to-know-about-hedera-hashgraph/?fbclid=IwAR2hhSj_pwHtNvBq3xjHUDZZ77IlS7BFbdU_li0si6l9pUSUxMg44qeuk98
Car TalkRe: Innoson Gets New Automated Bus Manufacturing Plant In Nnewi (Photos) by AjalaJ(m): 4:12pm On Nov 19, 2019
Proudly Nigerian!





Perfect Money/Payeer/Epay/Neteller/Skrill: ItuGlobal
PoliticsRe: Deji Adeyanju "Offered N1 Million At Gunpoint" To Suspend #FreeSowore Protest by AjalaJ(m): 4:26pm On Nov 12, 2019
Hmmmmmm. I reserve my comment.


Perfect Money/Payeer/Epay/Neteller/Skrill: ItuGlobal
CelebritiesA Serious Problem With #myowndonbeta by AjalaJ(op): 4:00am On Nov 11, 2019
Recharge and Win Big with N200 – A Serious Flaw in Reaching Winners

GLO is currently doing recharge and win big promo.

And for you to know how it works, you can call 121 with your Glo number or visit this link for more information:

https://www.gloworld.com/ng/recharge-and-win-big/recharge-and-win-big-faqs/

However, there is a serious issue with this promo. If you win, you can only be notified by a phone call. So you shouldn’t expect any announcement by SMS or email (because that’s what fraudsters do).

The only downside is: What about those who use modems? What about those who use MiFi? Clearly these people cannot receive calls when they win, as their devices cannot receive calls?

Yes, they recharge regularly to convert to data for browsing. They spend money and they also do win, but they cannot be called because the winning SIMS are in devices that cannot receive calls.

Also, what about those whose phones are off when they’re being notified of winnings? Would they be called back?

These are important issues Glo needs to address, so that those who deserve gifts aren’t just passed by.


Perfect Money/Payeer/Epay/Neteller/Skrill: ItuGlobal
EducationRe: Trending: In Massive Addy by AjalaJ(m): 10:37pm On Nov 06, 2019
Fake life.... I don't know why people tend to join bandwagon.
PoliticsRe: Tension In NASS Over Severance Allowance by AjalaJ(m): 2:23pm On Nov 05, 2019
Tension over their own money.




Perfect Money/Payeer/Epay/Neteller/Skrill: ItuGlobal
BusinessRe: Expert Trading Ideas - Learn2trade by AjalaJ(m): 9:53am On Nov 04, 2019
Malta’s Financial Authority Raises Alarm Of New Scam

According to a report filed on the 31st of October, the Malta Financial Services Authority (MFSA) has alerted the public of a Bitcoin scam. This new scam bears the same qualities as another scam that has been spotted in the past.

The MFSA has cautioned the public to avoid the body called ‘Bitcoin Future’ which seems to be displaying similar deceptive properties as another known as ‘Bitcoin Revolution’. The MFSA has already released 2 public warnings this year on Bitcoin Revolution. The report points out that these scam projects seem to always reappear on the internet as ads, after changing their labels to shield them from getting spotted.

The regulatory authority stated that the ads sold fake promises like “a way to build your life better” and “a unique opportunity for Maltese”, and directed the public to a precise webpage where the fake ads were being sold.

As a disclaimer, the MFSA has said that Bitcoin Future is not recognized as a legal corporation in Malta, does not have permission to deliver financial services in any way to the country, and does not conform to the transitory provision concerning Article 62 of the Virtual Financial Act of Malta.

To sum it up, the regulatory body has said that Bitcoin Future seems to be a global “get-rich-quick” scam and has advised its citizens to desist from engaging with it and that those who do would be doing so at their own risk.

The report also consisted of a link to an authorized list of financial entities that have been certified by MFSA, and procedures to identify if a service provider is a scam or not.

New Strategy and Alliance by the MFSA
In September, the MFSA broadcasted a scheme for vigorously monitoring and managing risks on cryptocurrency corporations.

The strategy, which will span from 2019 through 2021, disclosed that the regulatory body plans on upgrading their approach and will be working directly with the Financial Intelligence Analysis Unit, also with other global authorities.

Sometime this year, the MFSA contacted CipherTrace, a blockchain security corporation, to oversee cryptocurrency-related activities in the country and to battle fraudulent activities and terrorism financing.


Source: https://learn2.trade
PoliticsRe: 'Nnamdi Kanu Will Return To Nigeria To Face Trial If His Safety Is Guaranteed' by AjalaJ(m): 2:43pm On Oct 31, 2019
Safety is guaranteed, and detention is also guaranteed.



Perfect Money/Payeer/Epay/Neteller/Skrill: ItuGlobal
PoliticsRe: Wouldn’t Akinwunmi Ambode Plan A Comeback With Another Party? by AjalaJ(m): 10:35pm On Oct 29, 2019
MetaPhysical:
Ambode is still a card-carrying member of APC. He is eligible to contest on that platform if he wants.
Good info.
SportsAre There Power Bikes With Silent Engines? by AjalaJ(op): 5:08am On Oct 26, 2019
As expensive as power bikes are, I hate the way they sound just like the machine for grinding corn). The noise is so annoying.

I know there are purposes for power bikes and certain people love them with passion. But it would be great if there are power bikes with silent engines or engines with minim sounds.

Are there power bikes with silent engines already? Or are silent power bikes yet to be manufactured?


Perfect Money/Payeer/Epay/Neteller/Skrill: ItuGlobal
PoliticsRe: Insecurity: Nigeria To Buy More Fighter Jets From Russia by AjalaJ(m): 10:15am On Oct 22, 2019
Expensive but necessary.
Foreign AffairsRe: Napoleon And Hitler: Unbelievable Coincidences by AjalaJ(m): 7:29am On Oct 15, 2019
Yes, interesting facts.
CelebritiesRe: Blessing Ikponwosa Signs Torley Nigeria Endorsement Deal (Photos) by AjalaJ(m): 2:50pm On Oct 13, 2019
More money, then.





Perfect Money/Payeer/Epay/Neteller/Skrill: ItuGlobal
BusinessRe: Expert Trading Ideas - Learn2trade by AjalaJ(m): 2:20pm On Oct 13, 2019
Trade Dispute Responsible for China’s Overwhelming Gold Purchase Rate

China has included more than 100 tons of gold to its stores since it continued purchasing in December, fortifying its position as one of the significant authority collectors as national banks load up on the valuable metal.

The People’s Bank of China grabbed progressively gold a month ago, raising reserves to 62.64 million ounces in September from 62.45 million in August, as per information on its site. In tonnage terms, the most recent inflow sums 5.9 tons and comes in as an expansion of about 99.8 tons over the earlier nine months.

Bullion hit the most noteworthy in over six years in September as more slow development, the trade dispute and rate reductions prodded financial specialist request. National banks have been significant purchasers as well, particularly in developing markets. Administrative demands will probably proceed as protectionist strategies and geopolitical concerns add to the request, as forecasted by Suki Cooper, the valuable metals investigator at Standard Chartered Bank.

“With the stressed partnerships with the U.S., China requires support against its enormous possessions of the dollar, and gold serves that capacity,” said Howie Lee, a financial specialist at Singapore-based Oversea-Chinese Banking Corp. “As China turns into a superpower in its very own right, I anticipate progressively gold-purchases.”

China’s High Gold Appetite
The PBOC’s continuos running of bullion-purchasing has come against the difficult setting of the trade dispute with the U.S. furthermore, a stamped lull in development at home. While high-level discussions are set to continue in Washington this week, Chinese authorities are flagging they’re progressively hesitant to consent to an expansive bargain.

Spot gold spiked to as much as 0.4% to $1,511.31 an ounce on Monday and exchanged at $1,505.84 in early London exchange. While the value declined 3.2% in September, they remain high at 17% this year. The PBOC information was discharged at the end of the week.
Alongside China, Russia has additionally been including generous amounts of bullion. In the initial half-year, national banks overall got 374.1 tons, supporting the overall gold request to a three-year high, the World Gold Council declared.

While a tenth straight month of amassing, shows an unfaltering purchasing trend for the PBOC, China has in the past gone for significant stretches without uncovering moves for its gold possessions. At the point the national bank declared a 57% bounce in savings to 53.3 million ounces in mid-2015, that was the first update in quite a while.

Source: https://learn2.trade
Music/RadioRe: Some Day - Angela Okorie Featuring Joe EL Amadi by AjalaJ(m): 11:14am On Oct 03, 2019
Actress cum singer.




Perfect Money/Payeer/Epay/Neteller/Skrill: ItuGlobal
RomanceDon’t Women Enjoy Breastfeeding Their Babies? by AjalaJ(op): 3:23am On Sep 30, 2019
It’s a common knowledge that most women enjoy being sucked.

Yes, they like it when their tit is being licked.

Women breastfeed their babies… Mostly out of the normally duty of nurturing their babies.

But don’t women also enjoy it when babies suck their breasts?

Let’s be frank…

Or is it not so?


Perfect Money/Payeer/Epay/Neteller/Skrill: ItuGlobal
RomanceRe: What It Takes To Be A Better Husband /couple Goals by AjalaJ(m): 3:10pm On Sep 28, 2019
What about a better wife?


Perfect Money/Payeer/Epay/Neteller/Skrill: ItuGlobal
InvestmentMarket-making Bot: How To Choose, Customize, And Set-up by AjalaJ(op): 5:09am On Sep 24, 2019
Crypto trading bots are technologies that allow crypto traders to customize a trading medium where their trading strategies are executed automatically at any time of the day. This technology has become popular in the cryptocurrency market and is dubbed “market-making bots”.



Market-Making

Market-making is the act of buying and selling of digital assets to make a profit from the disparity between the bid and offer prices.

Market-making is usually carried out by banks, brokerages, hedge funds, and other proprietary trading entities. However, crypto trading bots are beginning to facilitate increasing numbers of market-making orders, which is a clear indication that the use of this technology is on the rise.



How to Choose a Market-Making Bot

When it comes to choosing a crypto trading bot that can carry out market-making tasks, there are some key features you need to look out for which includes a sound reputation, adequate security of the bot, possession of quality features, adequate customizability, and affordable pricing.



How to Customize a Market-Making Bot

Even though the customization and set up process differs across market-making bots, the steps listed below will assist the user in navigating their market-making bot regardless of the software being used.

1- You need to sign up: Once the user has selected their preferred trading software to build their bot, the user will be required to register and then log on to the platform.

2- Select your currency pair: The user will be required to choose a digital currency pair for which they desire the bot to market-make.

3- Decide on the level of aggressiveness: In the market making context, aggressiveness is the mid-price level the user might prefer their bot to trade.

4- Implement risk management measures: Normally, the trading bot software comes with some risk management criteria, like stop-loss limits and other automatic mechanisms that guarantee the protection of the user in situations of sudden and steep price drops and spikes.

5- Run backtests: a lot of crypto trading bots provide testing options for the user to try out their trading strategies with previous historical prices.

6- Live testing: whether or not the trading bot comes with a backtesting option, the user will still need to try out their strategy in live market conditions to see how their strategy fares.

7- Capitalize the bot: once the user is satisfied with the bot’s performance, there is a need to capitalize on the software to begin the profit-making venture.

8- Go live: obviously, the next thing the user will need to do is to launch the bot software.

9- Monitor the not: Finally, the user has to monitor the performance of the bot. Even after the backtesting process, the user is still expected to observe the bot’s operations to decide whether it needs tweaking or not.


Source: https://learn2.trade
CrimeRe: Nigerian Vikings, Cultists Clash At Cheras In Kuala Lumpur, Malaysia by AjalaJ(m): 11:10am On Sep 18, 2019
Yes, that's a crime.




Perfect Money/Payeer/Epay/Neteller/Skrill: ItuGlobal
EducationRe: Why Lawyers Don’t Need Wigs Anymore by AjalaJ(m): 12:58am On Sep 12, 2019
Even it doesn't make sense to me.
SportsRe: Kanu Nwankwo Blasts Arsenal For Selling Alex Iwobi by AjalaJ(m): 2:08pm On Sep 10, 2019
Is he a decision maker?


Perfect Money/Payeer/Epay/Neteller/Skrill: ItuGlobal
CrimeRe: The Most Wicked Monarch In World History by AjalaJ(m): 10:12am On Aug 29, 2019
Is there any king more wicked than this?
CelebritiesRe: Bisola Aiyeola Stuns In Chic Denim Gown by AjalaJ(m): 9:59am On Aug 29, 2019
This place doesn't look like Nigeria.





Perfect Money/Payeer/Epay/Neteller/Skrill: ItuGlobal
PoliticsRe: Ahmad Lawan Reveals Why Opposition Senators Support Him by AjalaJ(m): 9:58am On Aug 29, 2019
That is his own reason.



Perfect Money/Payeer/Epay/Neteller/Skrill: ItuGlobal
EducationRe: 15 Facts About Ahmadu Bello University, Zaria by AjalaJ(m): 10:26am On Aug 24, 2019
Thanks for the info.




Perfect Money/Payeer/Epay/Neteller/Skrill: ItuGlobal
EducationRe: Students' Lodge In MOUAU, Umudike On Fire (Photos) by AjalaJ(m): 1:21pm On Aug 15, 2019
Everywhere... Under fire.





Perfect Money/Payeer/Epay/Neteller/Skrill: ItuGlobal
CrimeThis Is How It Feels To Be Shot by AjalaJ(op): 5:23pm On Aug 09, 2019
What does the moment of impact from a gun shot feel like? Do you immediately know you were shot?

In 1999, I was hijacked in Atlanta, Georgia by a man holding a .45 cal automatic. He told me to drive and then stop in a secluded area. At that point, he put the gun to my temple and my reflexes at that age were awesome- fast- so I pushed the gun away from my head but the ensuing gun shot went through my thumb, leaving a huge hole and the ability to see right through my thumb. I was seeing missing bone separating my thumb. In that instant I didn’t feel any pain. I started pummeling the shooter and he wrangled the pistol out of my 4 fingers that were still working but my left hand really beat the hell out of the hijacker.

Although he was collapsing, he got another 4 rounds off into my abdominal area first, making me unsteady. Another stray shot hit my right thigh, piercing it and because of the position I was in, went out the front of my right shin. I also felt nothing below my waist now. I was paralyzed from the waist down. Pain, absolutely none physically but I looked down and started seeing blood spurting from my various wounds. But I still felt no pain. I was rushed to Grady, underwent trauma surgery then died on the table only to be brought back. My body went into what is known as sepsis shock, killing me.

As for pain, I didn’t feel a thing . As for psychological pain , that started when my company said I wasn’t shot then stated I wasn’t on duty(truck driver loaded with 6 tall rolls of paper bound for Pinebrook, NC. They came up with 7 different scenarios as to why my work comp was denied. Corporations can fabricate lies to deny you workman’s compensation but if you lie, you go to jail. Imagine that?!) The week ending in my shooting (9/26/1999) had 7 truckers total get hijacked & robbed then shot or stabbed or both. 4 lived, 4 died. Yeah, I fell into both categories. But the pain was never about being shot as I felt nothing. But as far as what damage was done- it took me 3 months to get back on my feet to walk which I had to relearn. I am still missing my left quadricep muscle as I watched it disintegrate in 3 days. It has taken years to get back to walking semi normal. I still can’t run.

The pain? I felt absolutely nothing physically. My stay at Grady and Crestview was horror too! Read my other answer about “As a medical professional, have you ever seen something to make you vomit?” Yeah I responded and still get negative remarks that I wasn’t a medical professional. Yeah I’m schooled in all levels of education but not certified medical.

Source: https://www.quora.com/What-does-the-moment-of-impact-from-a-gun-shot-feel-like-Do-you-immediately-know-you-were-shot


Perfect Money/Payeer/Epay/Neteller/Skrill: ItuGlobal
SportsRe: Danny Welbeck Joins Watford For Free by AjalaJ(m): 4:47pm On Aug 07, 2019
Whether for free or for credit, I'm not affected.



Perfect Money/Payeer/Epay/Neteller/Skrill: ItuGlobal
CrimeRe: Ekaterina Karaglanova Found Dead Inside Suitcase In Russia (Photo) by AjalaJ(m): 12:21pm On Jul 31, 2019
Where is the picture now?



Perfect Money/Payeer/Epay/Neteller/Skrill: ItuGlobal
Christianity EtcRe: Pastor Samuel Aboyeji, Biography, Foursquare Gospel Church New General Overseer by AjalaJ(m): 11:06am On Jul 22, 2019
This is newsworthy...




Perfect Money/Payeer/Epay/Neteller/Skrill: ItuGlobal
CelebritiesRe: Most Brutal Life Lessons by AjalaJ(m): 1:50pm On Jul 20, 2019
adewest1999:
Fear women!!!
You're correct.

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