SafeMoon Blockchain | SafeMoon Wallet: Ease-of-Use | SafeMoon Gaming: FIFA 23 | Blockchain Education: POA Benefits | SafeMoon Partner Highlight: Revoltance | Community: Thoughts - Images - Security Alerts🚨| Blockchain News: 💲Bank and Circle Partner to Expand Access to USDC Reserves - ⚙️JPMorgan to Open Greece Innovation Blockchain Lab - 🎓Top Universities Prioritize Blockchain and Crypto Education - ⚙️The Need for Speed in Blockchain Technology: The Industry Races to Increase TPS | Fun Facts about Bitcoin | Food For Thought | SafeMoon Stats | SafeMoon Partners: Revoltance - Rhythm - Glow Token - EverGrow - GroveCoin | Reminders
SafeMoon Blockchain
SafeMoon shared some more updates from the SafeMoon Blockchain team yesterday.
"Happy Friday #SAFEMOONFAMILY! 🙌 The #SAFEMOONBLOCKCHAIN team has some updates they are excited to share with you! ⛓️ ☑️ Implement routines to calculate TPS (Transactions Per Second) of chain ☑️ Run tests against TPS calculator ☑️ Blockchain configuration changes ☑️ Customize genesis block ☑️ Review POA algorithm adequacy ☑️ SOS tech requirements *These updates are a mix of past and recent activities. No timelines are stated or implied. #SAFEMOON #SAFEMOONARMY"
Stay tuned for more updates!
SafeMoon Wallet: Ease-of-use
SafeMoon CEO John Karony talks about the SafeMoon Wallet's MultiWallet feature to a SafeMoon Discord community member.
"The SafeMoon wallet makes it easier for you to have multiple wallets. You can rename those wallets as well so you can manage each one of those wallets with ease."
Blockchain Education
POA, or Proof of Authority, is a consensus algorithm used in blockchain technology to validate and confirm transactions. Unlike other consensus algorithms, such as Proof of Work and Proof of Stake, POA relies on a small group of trusted validators, or "authorities," to verify transactions and add new blocks to the blockchain. In this educational piece, we will explore the benefits of POA in blockchain technology.
Faster Transaction Processing: POA can process transactions much faster than other consensus algorithms, such as Proof of Work, which can take several minutes or even hours to confirm transactions. With POA, transactions can be confirmed in seconds, making it ideal for applications that require quick and efficient transaction processing.
Lower Energy Consumption: Compared to other consensus algorithms, such as Proof of Work, POA requires much less energy to operate. This is because POA does not rely on complex mathematical problems to validate transactions, which can be energy-intensive. Instead, POA relies on trusted authorities, which can verify transactions with much less energy.
Increased Security: With POA, only trusted authorities are responsible for validating transactions and adding new blocks to the blockchain. This means that the risk of attacks is greatly reduced, making POA ideal for applications that require high levels of security, such as financial applications.
Improved Scalability: As the number of nodes in a blockchain network increases, the time required to validate transactions and add new blocks to the blockchain can also increase. With POA, the number of nodes required to validate transactions is reduced, which can improve the scalability of the blockchain network.
Better Governance: In a consortium blockchain, where a group of organizations shares a blockchain network, the governance model based around POA can help to ensure that all members are following the same rules and standards.
In summary, POA offers several benefits in blockchain technology, including faster transaction processing, lower energy consumption, increased security, improved scalability, and governance. These benefits make POA an ideal consensus algorithm for applications that require quick and efficient transaction processing, high levels of security, and better governance.
SafeMoon Gaming: FIFA 23 Pro/Volta
Tomorrow join the gaming community in some soccer/football fun in FIFA 23. Head over to the SafeMoon Gaming Discord to take part at 3 PM MDT.
What is FIFA 23 Pro/Volta? FIFA 23 is a popular soccer video game that is part of the long-running FIFA series developed and published by EA Sports. The game features a number of different modes, including "Pro" and "Volta."
"Pro" mode is a feature in the game where players can create their own virtual player, customize their appearance, and guide their development as they progress through their careers. Players can start out in the lower leagues and work their way up to the top or even join a professional team right from the start.
"Volta" mode, on the other hand, is a street soccer mode that was introduced in FIFA 20. It allows players to play 3v3, 4v4, or 5v5 matches in various locations around the world, from an underground parking lot in Tokyo to a rooftop in Rio de Janeiro. The mode emphasizes skill and flair, with a focus on flashy moves and stylish goals.
Crossplay compatible and available on PS5, PS4, Xbox Series X|S, Xbox One, Stadia, and PC.
SafeMoon Partner Highlight
Today we'd like to highlight SafeMoon's newest partner Revoltance.
Revoltance was created to "Revolt" against high tax fee structured tokens that may force holders and traders to hold long-term during market swings. With a 3% tax on buys and sells, Revoltance believes this tax structure will be sustainable for both the project and its holders during bull and bear markets.
Short-Term Goals:
They plan to continue adding equity to their 90-day staking pools with Brewlabs.
Website Construction: They are working with a 3rd party developer to revamp its website to include updated graphics, content changes, and a merch shop.
The Revoltance token (RVLT) will be listed on PancakeSwap once liquidity has been moved over.
They plan to host more AMAs via Twitter Spaces to increase community engagement.
Long-Term Vision:
To list various swaps and exchanges to promote volume.
Plans to complete and release Project Wonder, which is a unique NFT series with features within BSC that have not been utilized before.
Continue to align themselves with strategic partners and leaders within the DeFi space.
They have plans for project diversification. More information on that in the coming future.
Learn more about them on their website Visit the Revoltance Partner Portal on SafeMoon.com
Thoughts
Security Alerts🚨
Certik Alert Tweeted,
"#CertiKSkynetAlert 🚨 Since last Friday we recorded 12 incidents resulting in ~$8M in losses. Of note was the #exitscam of fRiENDSiES Ai w/ ~$5.3M confirmed taken. So far 13 Discord Hacks, 9 Phishing attacks and 1 Twitter Hack. Stay vigilant & #DYOR!"
Images
safemoonchardee | deathbcomesu
💲Citizens Trust Bank and Circle Partner to Expand Access to USDC Reserves
Citizens Trust Bank has partnered with Circle to hold $65 million in USDC reserves. USDC is a stablecoin pegged to the US dollar and backed by assets held in reserve. Circle is expanding its bank partnerships, allowing more financial institutions to hold USDC reserves to provide their customers with access to the stablecoin. Circle's partnership with Citizens Trust Bank represents an effort to expand access to USDC in communities that may have been previously underserved by traditional banking institutions.[Source: Bitcoin.com]
⚙️JPMorgan to Open Greece Innovation Blockchain Lab
JPMorgan is reportedly planning to open a blockchain innovation lab in Greece aimed at accelerating the development and implementation of blockchain technology in various industries. The lab is expected to focus on creating new blockchain-based products and services and will work closely with Greek universities and startups. JPMorgan has been actively exploring blockchain technology in recent years and has previously launched its own digital currency, JPM Coin, for institutional clients. [Source: Bitcoin.com]
🎓Top Universities Prioritize Blockchain and Crypto Education
Top universities around the world are making blockchain and cryptocurrency education a priority. The article reports that institutions such as MIT, Stanford, and Harvard have added blockchain and crypto-related courses to their curriculums. Additionally, universities such as the University of California, Berkeley, and Georgetown have also started offering courses on blockchain technology and its applications. The increasing demand for professionals with blockchain and crypto-related skills is cited as a driving force behind the trend. [Source: Cointelegraph]
⚙️The Need for Speed in Blockchain Technology: The Industry Races to Increase TPS
One of the greatest needs for improvement in blockchain technology is increasing transaction per second (TPS) speed. Increasing TPS significantly enhances the efficiency and scalability of blockchain networks.
Thus TPS speed has become a significant focus in the blockchain industry, with many projects and platforms striving to achieve faster transaction processing times to meet the growing demand for efficient and scalable blockchain solutions.
ByBit Learn published an article titled "11 Fastest Cryptocurrencies With Blockchains Boasting High TPS". They share that the fastest crypto blockchain so far has achieved 4,000 TPS. With Visa showing metrics for TPS topping off around some sources claiming 24,000, while off to a good start, blockchain still has a way to go. It's also important to note that with higher TPS sometimes comes sacrifices in security. Always do your own research before investing in any project.
Here are the key takeaways from the article:
The top five fastest cryptocurrencies based on TPS are EOS, TRON, XRP, XLM, and NANO.
EOS is the fastest, with a TPS of 4,000, which is beneficial for applications that require fast transaction processing, such as gaming and micropayments.
Other factors, such as network security, decentralization, and community support, should also be considered when selecting a cryptocurrency to invest in.
It's important to do your own research and due diligence before investing in any cryptocurrency or blockchain project.
Fun Facts
About Bitcoin
The identity of Bitcoin's creator, Satoshi Nakamoto, remains a mystery to this day. Nakamoto could be an individual or a group of people, but no one knows for sure. [Source]
The first-ever Bitcoin transaction was made on May 22, 2010, when a programmer named Laszlo Hanyecz paid 10,000 Bitcoins for two pizzas. At the time, the value of those Bitcoins was around $41. [Source]
There will only ever be 21 million Bitcoins in existence. This limit was built into the Bitcoin protocol by Nakamoto to prevent inflation. [Source]
The largest Bitcoin transaction ever made was for 194,993 Bitcoins, worth over $1.3 billion at the time. It took place in November 2020 and is believed to be the largest-ever cryptocurrency transfer. [Source]
The first Bitcoin ATM was installed in Vancouver, Canada, in 2013. Today, there are thousands of Bitcoin ATMs around the world. [Source]
Bitcoin is often used as a store of value, much like gold. In fact, some investors refer to Bitcoin as "digital gold" because of its limited supply and decentralized nature. [Source]
The concept of Bitcoin was first introduced in a whitepaper published by Satoshi Nakamoto in 2008. The whitepaper, titled "Bitcoin: A Peer-to-Peer Electronic Cash System," laid out the basic principles behind cryptocurrency. [Source]
The first Bitcoin mining software was released in 2009. Today, mining Bitcoins is a highly competitive and specialized industry, requiring powerful computers and a lot of electricity. [Source]
Bitcoin has been used for some unusual purchases, including a Tesla car and a private island in the Caribbean. [Source]
Bitcoin is a truly global currency, with users and traders all over the world. In fact, there are more than 100,000 merchants that accept Bitcoin as payment. [Source]
13 years ago today, Satoshi Nakamoto unveiled the iconic #Bitcoin logo. (24Feb2023) [Source]
Food For Thought
Fellow SafeMoon educator Gandalf shares some thoughts with the community in his most recent thread. In his thread, he offers insights and suggestions on how individuals can engage in positive behavior practices and how these attitudes can facilitate stronger relationships within a community and contribute to its overall growth and success.
Why good behaviour prevails and bad behaviour dies - An explanation including my thought process. The thread created here is about my own experiences, thought processes, and related ways of knowledge that I want to share.💭 The definition of our behavior 🗣️ Our behavior determines how we are portrayed, how we are understood, and how we are perceived. Both good and bad can be decided and substantiated by several different views that shape them, both subjectively and objectively. Good and bad behavior are often very close together - especially in a community. There are reasons for and against each side, especially since the interpretation of both sides can always be mixed by different opinions and is not always clear and unambiguous. How do I determine that something is good or bad? This question is at the core of every statement and evaluation of an attitude. Because just as opinions can differ, it is just as difficult to find a simple answer. It makes sense to take a closer look at the two attitudes. In principle, any action that does something bad to someone is not unambiguously bad. Conversely, any action that does good is not always good, but can also be bad. It is a matter of looking at who something affects and what the outcome is. If you do something good for someone that has a negative effect on yourself, the action has an ambivalent outcome. The same applies if you enrich yourself out of bad motives, but consciously harm others with your actions. The consequences here are always twofold. How would you have the right behavior? 🤔 You should always try to present the right behavior. Behavior that doesn't harm another, but doesn't displease yourself. One must not do what pleases others only, but rather what one would like others to do for one, too. This can manifest itself in our daily lives, for example, by helping someone selflessly without expecting anything in return. Asking someone about their condition, even if you didn't actually plan on it. Giving attention to others even when they wouldn't do the same for you. Positive behavior can return positive feedback. By interpreting one's own actions & striving for positive characteristics, the day, one's own feelings & perception also become more positive. Doubt & hatred disappear, because if you don't think about it, it can't haunt you🙂 That is the end of this thread. Thanks for reading, hopefully, this was helpful for one or the other 🙂❤️
"Today, do things others won't, so tomorrow you can accomplish what others can't. The dream is free. Hustle is sold separately 😉 Make someone smile today, and as always, #BeKind "💙
- Shared by Holly
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