Virgina Pension Fund Invests $70M in Crypto Lending
The blow-up of the crypto lending crisis this year sent shockwaves across the sector. That hasn’t deterred Fairfax County Retirement Systems’ attempt to plow deeper into the space. Fairfax County’s pension fund, worth $6.8 billion, received approval to pour in investments of $70 million across two crypto yield farming funds.
The catastrophic events in the last couple of months pulled down the valuation of crypto-assets by more than 50%. However, Katherine Molnar, a chief investment officer of the Fairfax County Police Officers Retirement System, revealed that the fund’s original investments in the market are up by 350%. The exec also said that “things will bounce back, and stronger technologies will probably survive.” Celsius is yet another crypto lender that is currently in bankruptcy proceedings.
EarthCoin Version 2.1.3 Sandokaaan released this .
List of changes:
All warnings about block version change (caused by the AUX-POW fork) disabled Send a multisig transaction form added Open a IPFS link in the web form. from:https://github.com/Sandokaaan/Earthcoin/releases/tag/v.2.1.3
非常好的地球币EAC矿工基础知识，不错，收藏了！ It is the result for total supply of EACs
1 year 6.63464 billion EACs 2 years 9.78665 billion EACs 3 years 11.3628 billion EACs 4 years 12.1511 billion EACs 5 years 12.5417 billion EACs 6 years 12.7385 billion EACs 7 years 12.837 billion EACs 8 years 12.886 billion EACs 9 years 12.9102 billion EACs 10 years 12.9222 billion EACs 20 years 12.936 billion EACs 30 years 12.9412 billion EACs 40 years 12.9465 billion EACs 50 years 12.9517 billion EACs 60 years 12.957 billion EACs 70 years 12.9622 billion EACs 80 years 12.9675 billion EACs 90 years 12.9728 billion EACs 100 years 12.978 billion EACs 150 years 13.0043 billion EACs 200 years 13.0306 billion EACs 300 years 13.0831 billion EACs 400 years 13.1357 billion EACs 500 years 13.1882 billion EACs 600 years 13.2408 billion EACs 700 years 13.2934 billion EACs 800 years 13.3459 billion EACs 900 years 13.3984 billion EACs 1000 years 13.451 billion EACs 1100 years 13.5035 billion EACs
Blockchain parameters Scrypt hashing algorithm Proof of Work (POW) mining 60 seconds block target Difficulty retarget after each block (+167%, -91%) Total coins will be 13.5 billion coins (infinite by a theory, because the minimal block reward is 1 EAC, but in the practice 13.5*10^9 will not be exceeded within the next 2000 years) 50 confirmations per minted block 5 confirmations per transaction Supports transaction messages Initial block reward on average 10,000 EAC, varies seasonly ( currently 625 EAC) Block payout is halved every year, minimum payout of 1 EAC per block Superblocks every 14 and 31 day The default ports are 35677 (P2P-network) and 15678 (RPC-calls, optional)
Transaction speed The mechanism behind Earthcoin which is based on peer-to-peer, allows transactions to happen very quickly. This means that once you pay or get payed with Earthcoin, the time taken to see the money transferred is equal or sometimes faster than the avarege debit card. Earthcoin promotes transaction times of approximatly 30 seconds where it is actually closer to 10-15 seconds which is nowadays regarded as being instant. The true strength behind this speed is the abillity to use it in any store in the near future with the same feel of speed as the currency you hold today.
Security The Earthcoin network had been attacked by a 51% attack and controlled by a group of hackers for several months in the middle of 2017. Thanks to the unwavering efforts of the community, the attack was thrown back and EarthCoin was returned to all users. The source code was then fixed, secured against similar attacks in the future and a unique protection against time travel attack was implemented. The EarthCoin code is now much more secure than most of other cryptocurrencies. In the first half of 2019, a major upgrade of the Earthcoin network was done and security features according to the current blockchain protocol of Bitcoin and Litecoin networks were implemented.
This information is taken from the original Earthcoin website and reflects the PR-strategy of the Earthcoin founders. They are basically correct, for more details read the technical section. People, Freedom and Foresight. Our goal isn’t to compete, as much as compliment, create balance, and not divert into launching a coin because we can. Instead, we’d like to see what kind of actual substance and value we can create with a coin that represents us all. No matter what race, age, ethnicity, we’re all a part of this beautiful planet, and who knows this little idea might be enough to unite some/many of us!
Birth date: 20 December 2013 Besides its very fast transaction speed, Earthcoin is unique in the way it is mimcs the seasonal cycles of Earth. The mining rewards system of Earthcoin follows the same type of 365 day cycle as we do in our daily life similar to the earth moving around the sun. And like the equator is moving, so is the amount of coins being released to the miners. For example: in the 1st year of its release, the coins released to the miners were 10,000 per day starting to work to a positive deviation of 2,000 extra coins after 3 months, then falling back to its original 10,000 coins after 6 months to end up with a -2,000 deviation after 9 months. At the end of the year the amount would then return to 10,000. In addition to following the equator, Earthcoin also introduced the full moon cycle. This cycle is translated to a double release of coins to all the miners mining for Earthcoins. This is also know as a X2 payout. Earthcoin also incorporated the other well known moon cycle called month. But in this scenario, the amount of released coins is a five fold of normal. This is also known as a X5 payout.
Maximum amount of Earthcoins The mechanism of Earthcoins allows only a certain amount of coins to be released. The above mentioned cycles will last for a year and are then halved. This will eventually result in a total maximum of 13.5 billion coins which equals the date of the universe in years. So miners will not be able to find anymore coins than this maximum but will be allowed to find “replacement coins”. These “replacement coins” can be regarded as the amount of coins lost while transferring coins between different addresses. To avoid a decrease of the amount of existing coins, a small amount of coins will still be minable.
Cryptocurrency A cryptocurrency is a digital medium of exchange. The first cryptocurrency to begin trading was Bitcoin in 2009. Since then, numerous cryptocurrencies, such as Earthcoin, have become available. Fundamentally, cryptocurrencies are specifications regarding the use of currency which seek to incorporate principles of cryptography to implement a distributed, decentralized and secure information economy. When comparing cryptocurrencies to fiat money, the most notable difference is in how no group or individual may accelerate, stunt or in any other way significantly abuse the production of money. Instead, only a certain amount of cryptocurrency is produced by the entire cryptocurrency system collectively, at a rate which is bounded by a value both prior defined and publicly known. Dozens of cryptocurrency specifications have been defined, and most are similar to and derived from the first fully implemented cryptocurrency protocol, Bitcoin. Within cryptocurrency systems, the safety, integrity, and balance of all ledgers is ensured by “miners”, who are for the most part, general members of the public, actively maintaining and protecting the cryptocurrency network for a chance to receiving a randomly distributed small fee
This update only re-enables transaction messages stored in the blockchain on a request of Earthcoin-pay portal developers. In a fact, the transactions messages were never be disabled, only the windows wallet not offered them in the default settings.
in command line: eartcoin-cli sendtoaddress ADDRESS AMOUNT "MESSAGE"
in gui-wallet: fill the field message in the transaction window – see the screenshot
(Forward) Undertake Bitcoin, Litecoin, Ethereum, Earthcoin, Ripple, EOS, LINK, TEDA and other global mainstream digital currencies to exchange USDT/RMB business, with a handling fee of 3%.
Process, After issuing the currency, after receiving the digital currency, it will be converted into USDT/RMB within about 1-3 hours. Send your Alipay/WeChat payment QR code and transfer it to you. (It can be tested with small coins at the beginning to increase trust.)