Connect with us

Blog

Minima Project Review and Incentives – The mobile blockchain

Published

on

Minima Project Review and Incentives

In this article we are going to look at the Minima project which is going to launch in the near future, we will look at the project functionality, how you can participate in it by running your own nodes, and of course receive tokens for this before the launch and we will look at the project’s future and what is about to come, so you get the information before everybody else does.

Table of Contents

What is Minima?

Minima is a blockchain protocol reimagined and re-engineered, Minima is mobile-native, it will have the ability to connect smartphones and IOT devices to create the largest most decentralized network possible, it is designed to be complete, scalable, quantum-secure, compact, and future proof fit for mass adoption.

Minima Website

Introduction

The beating heart of Minima is a new user-centric proof-of-work consensus that unlike any other proof-of-work blockchain has removed the need for centralized miners instead Minima uses a collective power of collaborating mobile phone users to provide the proof of work needed to secure the chain.

Every device on the network will run a complete node and share the work. Think of Minima as an army of ants working together compared to other proof-of-work blockchains which are like a few lumbering elephants. In fact, the protocol is small enough that a complete node can run in full on a mobile phone using a similar amount of energy as a regular messaging app making it more efficient and more sustainable than other proof-of-work blockchain protocols or legacy network solutions.

Minima is decentralization in the purest form giving equal power to all users rather than select few, it is a paradigm shift in blockchain and decentralized computing, whilst there have been attempts to create mobile hardware that supports blockchain technology until now there hasn’t been a blockchain designed for existing devices.

Minima is a protocol solution that will have the ability to integrate into applications on mobile and IOT devices, each device will be an equal participant in the network enabling a new world of decentralized mobile consensus that has never been seen before.

It is designed to be scalable and interoperable with layer 2 technology such as lightning and sidechains and will have the ability to run native tokens on the network put simply it will allow people across the world to create, build and access smart contracts decentralized applications and products across multiple use cases for e.g IOT, finance, utility content and the sharing economy having been in development since 2014.

Minima has recently undergone a full code audit by Swisscom blockchain AG achieving a 100% pass rate along with a successful test net run over three continents because the protocol is mobile native, the go-to-market strategy is to work with the mobile telecommunication industry to create a tokenized systems for data voice and SMS replacing their inefficient outdated systems.

Related  Focus on yourself, not others | The best motivational speech

This allows mobile telecommunication companies to provide data access in new ways to better serve and attract customers, each mobile operator will be able to issue their own custom tokens on the Minima network and as Minima will run tokens natively on its blockchain every token transaction will work to support and secure the network.

The opportunity for Minima to run more complete nodes than any other blockchain would, making it the most decentralized and the most complete network in the world building the foundation for the next generation decentralized internet.

Protocol Layers

The way the blockchain of Minima is going to look like is that it’s going to consist of two layers, layer 1 which is called Minima, and layer 2 which will be called Maxima.

Minima is basically a layer 1 solution for the blockchain which will be extremely decentralized and secure but because of the high decentralization and security they will need to sacrifice the scalability so basically fast and cheap transactions this layer because of the blockchain trailer which we’re having right now it’s impossible to pick all three of the blockchain criteria because the technology is not just there yet.

Blockchain scalability trillemma

Basically, we’ve got scalability, we’ve got security, and decentralization as they say pick two you like the most. So, layer 1 blockchain of Minima is security and decentralization, so the blockchain is going to be really secured. The second layer on the other hand or the layer 2 maxima is going to be infinitely scalable really fast transactions and with free transactions also, for running smart contracts, Dapps on the Maxima platform and minima platform of course.

So basically, these two layers are going to be interconnected inside the blockchain and the blockchain will be highly distributed and decentralized, and secure with fast and free transactions.

Minima functionality

To understand how these two layers will be interconnected to each other and how they are going to work, we need to understand how the consensus is going to work. Let’s first start with the example of bitcoin and if we keep it really short then we can imagine bitcoin as a big distributed ledger, basically, there are a lot of nodes that validate the transactions which we’ve just seen and every node is keeping a record of the whole blockchain and every time somebody in the blockchain is making a transaction every node needs to record it and pass it over to the other nodes and basically every node needs to record it.

This is why the bitcoin blockchain weighs like tons of gigabytes, now it’s a lot of information because of the transactions. They don’t go anywhere they are just storing the information and the bitcoin blockchain is really slow because they need to exchange the data between all the validators and all the nodes.

Related  Bear Market Investment Strategy

The way the Minima blockchain is going to work will be a little bit different, it will also use the proof-of-work consensus mechanism but combined with the proof-of-history consensus mechanism and this basically means the way it is going to work will be best seen, for e.g we want to make a transaction from our wallet into a different wallet and before we can send the transaction our device may be a mobile phone or maybe a PC needs to make a little bit of computational power so basically proof-of-work for the network and only after this we may send our transaction as a part of this proof-of-work or the energy that we used up will go into fueling their transaction on layer 2.

Sending our tokens to the other wallet, another part of the work is going to go the layer 1 for securing the whole blockchain and for finalizing the transaction in the finished layer 1 blockchain of the Minima. This type of consensus assures that every user at least every active user on the blockchain needs to make some proof-of-work over time, so the hash rate of the blockchain is distributed evenly between all the users and as we know or as we understand from the beginning of the article, the amount of the hash rate in the blockchain is not the most important thing, of course, it is important so there is no 51% attack but it’s also just equally as even not more important how this hash rate is distributed to 51% because if like 51% of the hash rate is allocated to one miner that’s not really secure.

The more the hash rate is distributed inside the blockchain the more it is decentralized and the higher the security. The best and the simple way to imagine how the minima blockchain is going to work is to imagine bitcoin where we’ve got like a book and the same copy of the book is being distributed between every node or every full validating node on the bitcoin network, with Minima we can imagine the same book but not every note has this book, every note has only one single page from this book and all other pages are distributed between the network.

How to get Minima Tokens?

This is the most interesting part of this article and below is the tokenomics for Minima project.

Minima Tokenomics document

A really important thing to note is that Minima token will not be used for paying for transactions just like ETH on the Ethereum blockchain, and it’s not going to be used for staking or anything similar. The whole value of the token is going to come from its decentralization and high security which will raise the demand for this token.

Related  Insme Review (Don't invest until you read this) - apps.insmeapp.com

There is going to be a fixed supply of 1 billion Minima tokens and at the launch, the Minima protocol is designed to be completely finished requiring no future hard fork. This basically a project which will be completely done once it is in the market and once the tokens are there and it will have no updates, no future hard fork just because it will really be hard to force a hard fork if 51% of the users do not agree to the hard fork.

The other important thing is that all the Minima tokens will be distributed to the users at the launch of the project and once the project launched we will only be able to get the token from the market basically just buying them off an exchange and below is how the tokens will be distributed as contained in the tokenomics document):

  • Development grants: 5%
  • Team & Advisors: 15.85%
  • Seed: 21.56%
  • Private A Round: 10%
  • Ecosystem: 1.59%
  • Community incentives: 30%
  • Public Sale: 16%

Link to download Minima Tokenomics document: https://docs.minima.global/minima_pdfs/Minima_Token_Economics_2022.pdf

How do I get involved?

Create your incentive account here. Use my invite code: HDCFTLDK

How many Rewards can I earn?

You will earn 1 x Minima reward each day. These rewards will be added to your balance daily. You can also earn rewards by finding bugs as a tester, participating in one of the test cycles. Let one of the team know in Discord if this is of interest.

What equipment do I need?

To participate, you will need an Android mobile, PC, Mac or Linux. Minima currently doesn’t run on iPhone/iOS, but this is on the future roadmap.

Minima contact details

The best way to learn more and ask questions is to join our community channels below:

Conclusion

All considering the blockchain itself, Minima is going to be a project and a blockchain with Maximal decentralization and also with really fast and free transactions also supporting smart contracts and decentralized applications while maintaining high security and again really high decentralization layer.

The projects is still in its early stage and its typical in all these blockchain projects and stories if we start participating in a blockchain and solve that early on like for example; half a year before its launched the rewards are pretty great at the end but we need to wait for a little bit time.

Notice: We put a lot of hard work and research before writing this article, if you must copy make sure you link back with a do-follow link.
You will be reported to DMCA and other relevant authorities if you copy this article and ignore to link back to the original source.

Shares
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Blog

How much do cryptocurrency bloggers earn?

Published

on

How much do cryptocurrency bloggers earn?

If you are curious about a way to make cash as a cryptocurrency blogger, you are in the right place.

In this article, we’re going to talk about the diverse approaches by which you could earn an income through your writing.

We’ll begin by outlining the fundamentals of cryptocurrency and running a blog, after which we’ll circulate directly the diverse ways that you could monetize your content material. We’ll additionally offer a few suggestions for developing your target audience and creating top-quality content. So, if you are geared up to begin creating wealth as a cryptocurrency blogger, read ahead!

Table of Contents

What are cryptocurrency bloggers?

Not sure who the cryptocurrency bloggers are? They’re the people who write approximately about Bitcoin, Ethereum, and all matters cryptocurrency.

They may be specialists within the area or simply beginning out; however, one issue is certain: they may be obsessed with the topic. And as the recognition of cryptocurrencies continues to grow, so does the demand for nice content. 

So if you are contemplating beginning a cryptocurrency blog, you could guess that there may be lots of possibilities to make cash. 

Read: How much can I make as a blockchain developer?

How cryptocurrency blogs make money

Cryptocurrency bloggers can doubtlessly earn a number of dollars, depending on their level of information and the quantity of time they’re inclined to spend making money on their blog. For example, a few bloggers have mentioned earning up to $10,000 per month from their blogs. This is an outstanding figure, and it’s easily achievable with determination and hard work. However, it’s crucial to understand that this isn’t always the norm, and most cryptocurrency bloggers will now no longer make this form of cash.

The additional amount of cash a cryptocurrency blogger could make depends on the type of content they produce. For example, a few bloggers may be aware of the importance of supplying academic content, including tutorials and guides, at the same time as others may be aware of the importance of supplying information and analysis. 

Related  Top finance niches for Blogging & YouTube

Educational content has a tendency to be more lucrative, as it may be offered at a better rate than information and analysis. Additionally, a few bloggers provide consulting offerings or create services associated with cryptocurrency, including buying and selling bots or software program tools, which can also be very profitable.

Who are the top earners within the field of cryptocurrency blogging?

So, you need to recognize how much cash you could make as a cryptocurrency blogger.

Well, it genuinely depends on who you ask. There are a few bloggers who’re creating a fortune, while others are nevertheless simply scraping by. But as a general rule, the more famous and well-respected your blog is, the more money you could assume to make.

There are some pinnacle earners within the area who are really worth mentioning. For example, David Genix from Davidgenix.com, John Biggs from TechCrunch is a writer, consultant, programmer, and former East Coast Editor. He writes especially about technology, cryptocurrency, security, gadgets, gear, wristwatches, and the internet. He is expected to have made over $500,000 from his blog in 2017. And David Seaman, who became a visitor at the Joe Rogan Experience Podcast as soon as it launched, has mentioned incomes over $100,000 in an unmarried month on his blog.

Obviously, those numbers depend on your visitors and how engaged your target market is. But if you are trying to make cash as a cryptocurrency blogger, those are the people you want to be following.

How much can a cryptocurrency blogger expect to earn?

You are probably wondering how much you might earn as a cryptocurrency blogger.

Unfortunately, there may be no clean solution to this query because it relies on a number of factors. For example, how famous your blog is, how regularly you post, and what kind of content you write will all have an effect on your earnings.

Related  Nairaloop Review - (Don't invest until you read this)

If you need to maximize your earnings, I suggest posting often and writing engaging, beneficial content as a way to appeal to readers. You also need to recall accepting donations or promoting services in your blog.

Read: How to reduce Cryptocurrency Risks and Protect your Profits

What skills and expertise help with earning From a cryptocurrency blog?

You are probably wondering what capabilities and know-how assist with generating income from a cryptocurrency blog.

The most critical talent is manifest expertise in the cryptocurrency marketplace. This may be hard because the marketplace is continually changing; however, if you’re updated on state-of-the-art information and trends, you will be in an excellent position to provide insights and predictions that your readers will find valuable.

In addition to expertise in the marketplace, it is also critical to know how to write well. This approach is capable of expressing your thoughts truly and concisely. You do not want to be an expert writer, but being capable of expressing your thoughts in a manner that is easy for others to understand is critical.

Factors that affect cryptocurrency blog earnings

In addition to the type of content material you produce, there are numerous other elements that can have an effect on your earnings. For example, the scale of your target market is a critical factor. The larger the target market, the more potential there may be for making a living via marketing and promoting products. Additionally, the quality of the content material is likewise critical. If the content material is well-researched and engaging, it’ll entice extra readers and doubtless extra profits.

Finally, the quantity of time you’re inclined to put into your blog is likewise a chief factor. The more time you spend growing content material and selling your blog, the more likely you are to earn cash from it. Additionally, having excellent expertise in SEO (search engine optimization) allows you to grow your visibility and reach a bigger target market.

Finally, it allows for a few simple Internet improvement capabilities. This can be available on hand in relation to putting in place and dealing with your blog. Knowing how to code isn’t always necessary, but it may surely be a precious asset.

Related  Bear Market Investment Strategy

How to build a successful cryptocurrency blog

Building a hit cryptocurrency blog takes a number of years, but it may be pretty profitable both financially and emotionally. First and foremost, you want to be a professional at the topic. You have to have an organization’s expertise in the way the generation works, in addition to the state-of-the-art information and trends within the space.

Second, you want to be an excellent writer. This is critical for any sort of blog, but it is particularly critical in the cryptocurrency world due to the fact that there is a lot of complicated jargon. You want a good way to give an explanation for complicated standards in simple English (or whatever your blog’s language is).

Third, you want to be energetic on social media. This is how you will acquire new readers and develop your target market. 

Last, but not least, you want to be patient. It takes time to construct a hit blog. But if you keep at it and roll out first-class content on a regular basis, in the end, people will become aware, and you will begin seeing results.

Conclusion

So, in case you’re contemplating beginning a cryptocurrency blog or are already in the process of doing so, it is critical to understand what you may doubtless earn from it. The correct information is that there is the ability to earn a lot, but the amount you are making will depend upon some elements, including your blog’s reach, the quality of your content, and how you are capable of monetizing your blog.

At the end of the day, cryptocurrency blogging is an excellent way to make a few extra dollars and will even grow to be a full-time profession if you’re capable of constructing a huge and consistent following. Just ensure you put in the tough work and convey tremendous content, and you also have to be to your manner to earn an excellent profit out of your blog.

Shares
Continue Reading

Blog

Best 5 crypto coins that will go parabolic this year

Published

on

Best 5 crypto coins that will go parabolic this year

2021 was a breakthrough year for cryptocurrency market. We have seen how Bitcoin hits a new all-time high and altcoins like Axe infinity, Solana, Avax, BNB, and many others have had a very good run. 

Below are the best 5 crypto coins that will go parabolic this year:

1. Dot

 This is a knitted token of the Polkadot. It is a charted blockchain meaning it connects several different chains together in a single network, allowing them to process transactions in parallel and exchange data between chains without sacrificing security.

Polkadot coinmarketcap

It is currently the 11th cryptocurrency in the world, with a market cap of over 8 billion, with the emergence of web 3.0; Polkadot’s ambitious vision for web 3.0 aims to leverage blockchain technology to create a more private, decentralized internet. The founder of Polkadot in a recent tweet says treasury currently has 18,936,300 dots. So this is what happened in treasury and they want to spend this on your idea for building, improving, educating, and indeed anything else that the Polkadot governance believe is valuable. At this point, it is valued at $7.

Related  Nairaloop Review - (Don't invest until you read this)

If Bitcoin becomes stable, we could see, a strong rally of about 2x to 4x in the second half of 2022. 

2. Fantom (FTM)

As it’s called, it is a direct acyclic graph, dark, smart contract platform providing decentralized finance services to developers using its own best consensus mechanism. It is a proof of stake token which in fact exists in several connections. It is currently the 55th currency, with a market cap of over 4 billion US dollars. Fantom aims to solve problems associated with smart contract platforms, especially transaction speed, which the developer says they have reduced to under two  It’s in-house POS token. 

Fanthom coinmarketcap

FTM forms the backbone of transactions and allows fee collection has taken activities along with user rewards. Few weeks ago, fantom and 123 Swap announced a new partnership. Being part of the 123 Swap ecosystem should raise the viability of fantom and make it more attractive as a potential asset involved in the swap. At this point, FTM is valued at $0.338.

If bitcoins become stable, we can see a strong rally of about 2x to 5x in the second half of 2022.

3. Chiliz

Chiliz is the token of project seed, a  triple-A game studio building mobile-focused blockchain gaming ecosystem that utilizes mostly blockchain and integrates governance gamefi and NFT. Chiliz token use cases include all in-game transactions, staking to receive various benefits,  4.0 governance vote to determine the project developments, and three on-chain key elements including NFT, Defi, and DAO.

Chiliz coinmarketcap

There are two types of NFT marketplace on Project seed which include P2P and rental marketplace. It has a market cap of over $39 million at this point, Chiliz is valued at 0.11 dollars.

Related  Top finance niches for Blogging & YouTube

If Bitcoin can become stable, we could see a rally of about 4x to 7x in the second half of 2022.

4. Band protocol

BAND protocol is a cross-chain data oracle platform, but it’s able to take real-world data and supply it to the on-chain applications while also connecting API to smart contracts. So, facilities exchange information between on-chain and off-chain data sources. It’s has a market cap of  $164 million.

Band protocol coinmarketcap

Band protocol is essentially designed to be faster and more efficient than competent or a good solution. And it’s also compatible with most blockchain and smart contract development frameworks ensuring reliable data can be fed to and from multiple different blockchains. It offers extremely simple contract integration, allowing developers to begin using data from bank protocol Oracle with a few lines of code by calling on a predefined interface.

At this point, BAND  is valued at $1.63. If Bitcoin becomes stable, we could see a strong rally of about 2x 6x in the second half of 2022.

Related  How do I start my crypto journey as a beginner?

5. Mana

It is one of the leading Metaverse projects, a virtual reality platform powered by Ethereum blockchain that allows users to create, experience, and monetize content and application. In this virtual world, users purchase plots of land that they can later navigate, Build upon, monetize have parties in, call their friends to see their houses, and all that.

mana coinmarkcap

It is also one of the growing numbers of projects to use a decentralized autonomous organization structure for governance decisions. It has a market cap of over $5 million and ranks 29th according to coinmarket cap.

At this point, it is valued at $0.9782  and if bitcoin becomes stable, we could see a strong rally of about 2x to 6x in the second half of 2022. 

Shares
Continue Reading

Blog

Website Design Course: Zero to Mastery 5 Days

Published

on

Web Design - David Genix

David Genix is hosting a series of profound courses on website designs with the use of analytical tools and elaborate dissecting measures for sound understanding of the subject matter.

Website Design Training - David Genix

It is to be noted that enrollment into this course is currently ongoing and designated to take place on the 11th. The deadline for the enrollment ends January 11th, 2021. 

It would be a five-day total distillation of all that you need to know regarding website designing.

We teach how to develop and design websites that deliver outstanding user experiences. Every website we create is unique and captures your brand identity and offerings. We teach you to build websites that are search engine optimized and responsive across the latest devices.

We provide sound dissection and a total breakdown of WordPress Web design packages and custom website builds that bring traffic, eyeballs, and conversion.

Table of Contents

What is Website Designing?

Website design as a course encompasses many different skills and disciplines in the production and maintenance of websites. The different areas of web design include web graphic design; user interface design; authoring, including standardized code and proprietary software; user experience design; and search engine optimization. 

How lucrative is website designing as a career?

It is said that the average website designers make an average of 15,000$ a year and the pros make an average of 180,000$ annually. It depends on how far you are willing to take it. And how good you become later on which totally depends on the foundation level of Your training and the same aspect which David Genix promises the most support in.

Where is the trend headed for?

Back then in the 1990s physical stores dominated and most of what we use where gotten from physical interaction with our fellow men but the current trend depicts that by 2030 most stores would be born of the internet, lots of worldwide giant companies would emerge and as such more surge in prospects in dire need of website designers. Only those who have the ability would survive the battle in the nearest future.

Related  Telegram premium vs free version: Everything you need to know

Why should I learn Website Design?

There are numerous reasons as to why you should take up an opportunity like this one  But we would be mentioning a few and the rest would be answered during the live class session. It gives you an edge over the world population, possible exposure to lots of contracts, you create and increase the worth of your portfolio, meet up with international communities, and opportunities attached alongside. In other words, it can take you from where you are at the moment to where you wanna be.

How long would it take to become a pro in Website Design?

The nature of website designing is one that can be likened to a Journey. There is no one formula for how fast you grow because that totally depends on your dedication, passion, and the tutor. But with proper coaching and mentorship, you should start working freelance after 1 week of total immersion.

Related  Top finance niches for Blogging & YouTube

What do I stand to gain from David Genix website design training course?

At the end of the session you are able to deduce the various concepts associated with website designing :

  1. Overall layout and visual appearance
  2. How the Web Works
  3. HyperText Markup 4. Language (HTML)
  4. Setting up a Local Server
  5. Cascading Style Sheets (CSS)
  6. Developing a Simple Website with HTML/CSS.
  7. JAVASCRIPT
  8. PHP
  9. PHP with MYSQL

Registration ends on January 11th, 2021. 

Click HERE to get registered

Shares
Continue Reading

Trending