CryptochainX

Latest Episodes:

Crystal Rose, CEO of Sense.Chat - Blockchain (EOS) based Private Messaging & Video Chat Mar 21, 2019

Sense Chat is a decentralized apps for iOS, Android app coming soon. Sense Chat is powered by EOS blockchain protocol.

Sense Chat allows users to have private video chats using Smart Contracts, connecting you anonymously and securely with friends without sharing your identity.

This innovative project is the first decentralized messenger app on EOS, providing peer-to-peer connections with zero data storage or centralized intermediaries.

Sense Chat's CEO Crystal Rose, https://www.sense.chat/ - shares her experience getting Sense Chat off the ground. Fundamentals of stratups, Ethereum vs EOS and more.
For more information, please visit https://cryptochainx.com

You can access the podcast on the following platforms:

Youtube: https://www.youtube.com/watch?v=eNy9-eGCzE4&t=129s

Soundcloud: https://soundcloud.com/cryptochainx

iTunes: https://itunes.apple.com/ca/podcast/c...

Spotify: https://open.spotify.com/show/3OEElxI...

CCX015 - John McAfee on Cryptocurrency, Bitcoin, Centralized Exchanges, Decentralized Exchanges, Privacy Coins, Security Tokens (STOs) and more Nov 12, 2018

John McAfee shares his thoughts on the future of Cryptocurrencies, Bitcoin, Centralized Exchanges, Decentralized Exchanges, Privacy Coins, Security Tokens (STOs) and more.

CCX014 - Cardano 101 - What, Why and How Oct 22, 2018

What is Cardano? Cardano is a decentralized blockchain platform and home of ADA (Cardano) cryptocurrency.

Who created Cardano? The blockchain development company IOHK (Input Output Hong Kong) and Charles Hoskinson created Cardano. Charles is also one of the co-founders of Ethereum, Ethereum Classic and BitShares.

Cardano project began in 2015 and Cardano ADA was officially released in Japan on Sept 29, 2017.

Cardano blockchain Ouroboros is the first blockchain protocol based on proof of stake and there is no mining required as its need in proof of work protocols.

What are the benefits of Cardano?
Scalability - Transactions Per Second up to 10s of thousands of transaction. Network bandwidth required is low. Data Storage
Interoperability - by becoming the internet of blockchains and being able to convert other cryptocurrencies to completely other ones, while abiding with all banking regulations.
Sustainability - is enhanced by creating a treasury or a wallet, that can be used in the future. The Cardano community can store money in this wallet and it's a smart contract that will allow for a future proposal of Cardano improvements by its developers. This proposal will then be considered by the Cardano network. The network will then vote and the proposal with most votes will use the funds to improve the Cardano protocol.

How does Cardano work? Right from the beginning the Cardano team decided to collaborate with the experts in the cryptography field and got their whitepaper peer reviewed by the cryptography experts. This is unlike other projects where the creator or the team writes the whitepaper and moves right into the coding stage.

Cardano is claiming to be the 3rd generation cryptocurrency. Bitcoin was the first generation crypto that started the blockchain revolution with a decentralized blockchain platform. And Ethereum was the second generation with smart contracts.

Cardano’s ouroboros blockchain works on proof of stake. Instead of mining, they divide the transaction and the blocks into Epochs or smaller pieces. Then the network selects the slot leaders that are responsible for validating the epochs.

This way the blockchain is divided and the nodes don’t have to download the whole blockchain. Its called RINA (recursive InterNetwork Architecture), increasing the privacy, transparency and security. RINA also allows Cardano to integrate seamlessly into the current network tcp/ip without hogging the bandwidth required to accommodate 10s of thousands of transactions per second.

Where can you get Cardano? Cardano is currently available at many crypto exchanges. Coinbase is currently exploring Cardano to be added to its crypto offerings.

What can you do with Cardano? Cardano can be used for daily transactions due to the high total supply of $31 billion and faster transaction speeds. These low-cost daily items do not make sense to purchase with Bitcoin or Ethereum because of the limited amount available and the slow transaction speeds.

For further insights and updates on Cardano please visit https://cryptochainx.com

Links:
Binance: https://www.binance.com/en
ProtonMail: https://protonmail.com/

CCX013 - IOTA (MIOTA) 101 - What, Why and How Sep 21, 2018

What is IOTA?
IOTA is a open-source, decentralized, permissionless record/ transaction keeping system that’s feeless.

It doesn’t have miners, it can work with the devices that are connected to the internet (IoT) and its highly scalable since the transaction speed decreases the more users it gets.

Who created IOTA?
IOTA was founded in 2015 by David Sønstebø, Sergey Ivancheglo, Dominik Schiener and Dr. Serguei Popov

What are the benefits of IOTA?
The early cryptocurrencies Bitcoin and Ethereum brought the hope of decentralized, permissionless and very low-fee transactions. However, in the past 10 years blockchain based cryptocurrencies have really taken off and their adoption have skyrocketed.

With the high adoption rate, the transaction fees have also gone up, since the cost to validate transaction on a blockchain required more resources.

Speed of the transactions is another issue that needs to be fixed with major cryptocurrencies. Increasing the number of blocks cause “block bloat” which is as the network gets bigger, it gets slower.

Benefits of IOTA:
No miners to validate the transaction means no transaction fees. It's truly feeless.
Faster transactions as the network grows, so IOTA won’t be facing the “block bloat” problem
Low emissions and fewer resources required by the network
It’s quantum attack proof, due to the collective computing power of the whole network will always be more than the computational power of quantum computer.
Built-in immutable contracts within IOTA Tangle.

For further insights and updates on IOTA please visit https://cryptochainx.com

CCX012 - NEO 101 - Blockchain Ecosystem and Cryptocurrency - What, Why and How Sep 20, 2018

What is NEO?
NEO calls itself future proof smart economy and promises to do much more than smart contracts. NEO platform has two cryptocurrencies NEO and GAS.

Who created NEO?
Neo was created by Erik Zhang and the blockchain development company called OnChain in 2014. At time of its launch in 2014 it was called AntShares, in 2017 AntShares was rebranded to NEO.

What are the benefits of NEO?
Up to 10,000 transactions per second are possible with NEO
NEO platform is coded in Java, C# and Python which makes its easier to adopt than the platforms built with their own language like Soliday or Vyper.
Smart Contracts - Contracts that execute and run themselves based on the rules of the code
In future NEO will be able to execute smart contracts across other blockchain platforms

How does NEO work?
Team behind NEO believes that every assets should be digitized along with the individual identities for legal authentic rights

Neo is a blockchain platform that can host decentralized applications can be built. NEO is capable of doing asset transfers, smart contracts and digital identity verification. However, Neo wants to be more than just a platform, Neo wants to be the Smart Economy of the future.

There are three foundational components to the NEO platform NeoX, NeoFS and NeoQ

NeoX - It allows for cross blockchain transactions
NeoFS - Is the decentralized file storage based on DHT (Distributed Hash Table)
NeoQ - is the cryptographic technology to make NEO quantum proof

The NEO blockchain has two cryptocurrencies NEO and GAS, they both work on proof of stake consensus. NEO unlike other cryptocurrencies cannot be split below 1 NEO (unit).

GAS on other hand can be divided into many smaller units and its responsible for execution of the smart contracts on the blockchain. GAS units collectively make a block and the blocks combined make 1 NEO.

NEO network votes and selects the consensus nodes. Consensus nodes are elected individuals who validate transactions and set transaction fees. If they are not working in the favour of the network, the consensus nodes can be removed from their role. While consensus nodes provide their support they are paid with GAS.

NEO smart contracts consists of NeoVM, NeoContract API and SDK (development tools)

Neo 3.0 is currently in development and according to NEO team in this version they want to further improve the transactions per second. With the support of NeoVM make smart contracts executable on different blockchain platforms.

What can you do with NEO?
NEO can be used in many ways, few of the examples are:
Copyright & IP protection
Digitization of Assets and deployment of smart contracts
Identification digitization
Peer to Peer money lending
Social media
Advertising and marketing

For further information and insights on NEO, check https://cryptochainx.com

CCX011 - Monero 101 - What, Why and How Sep 19, 2018

What is Monero?
Monero is a decentralized, anonymous and untraceable cryptocurrency that uses three stealth technologies to shield the sender and receivers identity by blocking traceability.

The three technologies that Monero uses to accomplish this are:
Ring signatures
RingCT or Ring Confidential Transactions
Stealth address

Cryptocurrencies like Bitcoin, Ethereum, Litecoin are pseudonymous but not completely anonymous. The transactions made on these blockchains can be traced to its source of origin.

Who created Monero?
Monero’s CryptoNote protocol was initially released on Oct 2013 by unknown author Nicolas Van Saberhagen. At the time of its launch in April 2014, it was called BitMonero. Later, it was renamed by the community to Monero (XMR).

What are the benefits of Monero?
Monero works on CryptoNote protocol which has the following features:
Untraceable payments
Unlinkable transactions
Double Spending proof
Egalitarian proof of work

Monero saw rapid growth during 2016, it became the go-to cryptocurrency for the darknet.
In 2017 one of the major marketplaces, AlphaBay on the darknet was shut down by the law enforcement. Law enforcement was able to see how much Bitcoin, Ethereum and ZCash the owner had, but they were not able to see the amount of Monero in his possession. This shows that Monero’s protocol is more superior than that of ZCash, which also claims to be the untraceable and anonymous cryptocurrency.

Where can you get Monero?
Monero is available at most of the major crypto exchanges. more, where it can be bought with fiat currency (eg. Dollar, Euro, Yenreceiveretc.). Total 15 million coins are currently in circulation, Until 2022, 18 million coins can be mineprotect theand after that, the mining rate will slow down.

What can you do with Monero?
Monero can be used for transactions just like Bitcoin or Ethereum.
Monero can also be mined and requires significantly low computational power than Bitcoin or Ethereum.

For more info Please visit https://cryptochainx.com

CCX010 - Crypto Mining, Hash, Block, Consensus, Nodes - Technical Terminology Crypto and Blockchain Part 2 Sep 18, 2018

Mining

When a transaction between A and B is validated by the P2P network of servers and in return they are rewarded with the fraction of the cost of the transaction. These servers are called Nodes.

Nodes

Block - the transaction information, and other data shared across the nodes goes into the block. There is no limit to how many transactions can be in the block and at the time there is only one transaction in a block, however, there is a limit to how big a block can be. For example for Bitcoin, each block can be up to 2Mb.

The block is hashed and becomes a record.

Each block has all the information regarding the transactions happened and has the hash of the last block as a reference. These blocks are sequentially connected, like a chain. Every new block contains the hash, node information and other details of the last block and its own transaction information.

Now what is Hash:
For example, you take a 100,000-word document or an ebook and hash it, it will provide you with a string of characters and let's say its 32 characters long. This is not random, because if you take the same document and hash it again, it will give you the same cryptographic string of characters. But if you change even a minor thing in it, the sting of character will be different.

P2P network - If any information is updated or changed on any of the nodes within a peer to peer network, the nodes to talk to each other frequently and will update each other.

A new node that connects to the network will have to download the entire ledger on it, and that can take a day or more.

Bitcoin Mining using ASIC

The computers use their processing power to solve complex puzzles and whosoever solves this puzzle fast, gets rewarded with the bitcoin. As more and more nodes join the network the puzzle gets harder and required more computation power to solve the puzzle and the puzzle still needs to solve within the 10 mins per block. Due to this reason, many people join forces and create mining pools and the reward is distributed among each other.

For further details please visit https://cryptochainx.com

CCX009 - Altcoins, Nodes, Fork, Wallets and more Blockchain & Crypto Terminology Sep 12, 2018

In this episode, we will go over the technical terminology used in the blockchain and crypto space as promised in the Ethereum episode.

We will talk about:
Blockchain layers
Wallets
Smart Contracts
Nodes
Fork
Altcoins
Private and public key

For more information please visit https://cryptochainx.com

CCX008 - ICO - Part 3 - MoonX, Decentralized Ownership Crypto Exchange Sep 10, 2018

This is the part 3 of 3 episodes of Moon X. In this three-part series, I will be interviewing the founders Tony Lee and Dr. Nithin Palavalli of the Decentralized Crypto Exchange MoonX.

MoonX is decentralized in terms of the ownership where the investors are also the owners. And in terms of validation of the transactions that will be conducted by the centralized cryogenic servers.

MoonX whitepaper and website: https://www.moon.family/
For further details of MoonX ICO please visit - https://cryptochainx.com/moonx-to-end-rich-get-richer-by-decentralizing-ownership-of-crypto-exchange/

CCX007 - ICO - Part 2 - MoonX, Decentralized Ownership Crypto Exchange Sep 10, 2018

This is the part 2 of 3 episodes of Moon X. In this three-part series, I will be interviewing the founders Tony Lee and Dr. Nithin Palavalli of the Decentralized Crypto Exchange MoonX.

Moon X is decentralized in terms of the ownership where the investors are also the owners. And in terms of validation of the transactions that will be conducted by the centralized cryogenic servers.

Further details on MoonX and the ICO can be found at https://cryptochainx.com/moonx-to-end-rich-get-richer-by-decentralizing-ownership-of-crypto-exchange/

MoonX whitepaper and website: https://www.moon.family/

CCX006 - ICO - Part 1 - MoonX, Decentralized Ownership Crypto Exchange Sep 10, 2018

This is the part 1 of 3 episodes of Moon X. In this three-part series, I will be interviewing the founders Tony Lee and Dr. Nithin Palavalli of the Decentralized Crypto Exchange MoonX.

Moon X is decentralized in terms of the ownership where the investors are also the owners. And in terms of validation of the transactions that will be conducted by the centralized cryogenic servers.

Further details on MoonX and the ICO can be found at https://cryptochainx.com/moonx-to-end-rich-get-richer-by-decentralizing-ownership-of-crypto-exchange/

MoonX whitepaper and website: https://www.moon.family/

CCX005 - Coinbase 101 (Crypto Exchange) Sep 07, 2018

Coinbase is a giant in the space of cryptocurrency anyone that’s new to the crypto space usually start with Coinbase as a crypto exchange.

It’s due to their clean interface and user-friendly design. Coinbase also has an app for smartphones. Still, there are some people who hate it and others who love it. I'll do my best to share all the facts you guys and hopefully can explain why people have love and hate relationship with Coinbase.

Coinbase is based out of United States owe their headquarters in California are in 32 countries but this is not the only team initially in 2012 Ben Reeves the founder of blockchain. Info website.

Ben was also one of the founding members but later on, they parted ways because of their difference is on the vision of how the Coinbase wallet should be and a few other things. Now let’s forward to Jan 2015, that’s when Coinbase got its $75 million dollar investment buy Draper Fisher, New York Stock Exchange (NYSE), United States Automobile Association and several Banks.

For more information on the insights, new happenings, and change that are impacting Coinbase, please visit https://cryptochainx.com.

CCX004 - Binance 101 - Crypto to Crypto Exchange Sep 06, 2018

Binance was founded by Cheng Peng Zhang in 2017 and prior to becoming a founder of Binance. Mr Zhang was the CTO of OkCoin.

Let's talk about how Binance is different than Coinbase. Binance is a crypto to crypto exchange vs. Coinbase is your fiat currency to crypto exchange.

In Coinbase you can take your US dollar your Canadian dollar or Euro and you can buy cryptocurrencies like Bitcoin, Litecoin, and Ethereum. But to trade or to buy cryptocurrencies on Binance, you have to already own cryptocurrencies like Bitcoin, Litecoin or Ethereum and once you have transferred those to Binance wallet. Then you can buy crypto assets or cryptocurrencies on Binance.

For more information on Binance, BNB and other services offered by Binance please visit https://www.cryptochainx.com.

CCX003 - Ethereum 101 - What, Why and How of Ethereum (cryptocurrency and the platform) Sep 05, 2018

This episode is about Ethereum, Ethereum Classic, and the Ethereum as a platform. Ethereum is widely considered as the blockchain 2.0, while the Bitcoin blockchain being the blockchain 1.0. Ethereum changed the crypto and blockchain arena when they announced the deployment of smart contract and the ability to develop the decentralized application on the Ethereum platform.

Ethereum is developed by Vitalik Buterin and was one of the highest funded ICO by raised almost $75 million. Ehterum uses its own language "Solidity" for the development of decentralized applications. Solidity is based on Python, C#, and Javascript.

For more information on Ethereum and other crypto assets please visit https://cryptochainx.com/

CCX002 - Bitcoin 101 - What, Why and How of Bitcoin. Sep 05, 2018

What is Bitcoin?
Bitcoin is the world’s first digital money, that operates without a central governing authority or issuing body.

Who created Bitcoin?
Bitcoin was created in 2007 by an unknown person or group of people, and go by the name of "Satoshi Nakamoto".

Why do you need Bitcoin?
Bitcoin has the following benefits:

Bitcoin transactions are permissionless and borderless since there is no central issuing body. The bitcoin client or software can be installed by anyone.
It's pseudonymous, no id is required to use bitcoin. It's the best solution for the individuals who don’t have a bank account or live in countries with underdeveloped financial infrastructure.
Bitcoin is censorship proof, no one can freeze or block any amount or reverse the amount once the transaction is complete, making it irreversible.
Bitcoin is online and is available 24/7 and 365 days a year on devices with internet access.
Store of value, only 21 million bitcoins will ever exist and cannot be printed or created
How does Bitcoin work?
Bitcoin is built on a technology called Blockchain. A block is a record of transactions and is a confirmation of the transaction. The sequential order collection of these blocks together create a blockchain.

Transaction Initiated

Let’s start with the transaction between two parties, called Alice and Bob. Alice provided a service to Bob, as an exchange of value Bob sent bitcoin to Alice.

Validation

While so far this transaction between Alice and Bob sounds simple, but this transaction can knowingly or unknowingly try to cheat the system. In our present system, banks act as the central authority. Banks verify if the transaction between the two parties is valid or not to ensure that they are not spending money they don’t have and to avoid double spending.

In the case of bitcoin, double spend transactions can be prevented by providing both parties with a unique serial number, which would be tied to each Alice and Bob individually.

Alice and Bob will have two keys, one is a public key and the other is a private key. Public keys act like an account number for deposits and for sending only. To withdraw, a private key is used. This key is not shared with others and must always be kept confidential.

The transaction of bitcoin between Alice and Bob uses their public cryptographic keys that along with the transaction is shared with the network of individuals called Miners. This network uses their computational resources to verify the transaction.

Transaction Completed

Once the transaction is validated by the network of Miners. Alice will receive the bitcoin that Bob had sent her and the miners will, in turn, receive a small percentage of this transaction for their efforts and resources used for validation.

What can you do with bitcoin?
Buy & Sell products/ services

There are many sellers, offline and online that take bitcoin as a payment.

Invest & Trade

Cryptocurrencies like bitcoin are accepted by the crypto exchanges can be invested and traded through their trading platform. Bitcoin is still the most identifiable cryptocurrency followed by Ethereum, Litecoin, and Ripple.

Mining

As discussed earlier, miners are a crucial part of the cryptocurrency network, and also just like trading, mining is also a financial investment. Since the equipment required for validation of transaction need high power GPU and electricity.

Miners are than paid with bitcoin for their efforts. There are many mining pools companies setting up their mining farms that see this as a profitable opportunity.

For further details and updates on other crypto assets please visit https://cryptochainx.com/

CCX001 - Intro to CryptochainX (Crypto Chain X) podcast Aug 24, 2018

What up everyone this is your host JOLSID and you are turning into the very first episode of CryptochainX podcast. The aim of this podcast is to bring no hype no head straight to point factual information to your guys.

In this podcast, we will learn the fundamentals of the blockchain, cryptocurrency, ICOS, Bitcoin, Ethereum platform, NEO, Ripple, Cardano, IOTA and more. The reason I created this podcast was that of the basic necessity that I felt there is a lot of hype and hate around crypto and misunderstanding around blockchain.

I heard about Bitcoin almost 2 years ago and I wanted to understand the core fundamentals of Bitcoin. There was so much hype and hate surrounding it that I felt FOMO and many people around me became dismissive since Bitcoin was being hated on by the CEOs of some of the largest investment firms.

With this podcast, I would like to help you all whether you are changing careers, looking to buy cryptocurrencies, want to develop your own blockchains or start an ICO. This podcast will provide you with the tools, so you can be successful in your journey.

We will interview founders of new projects, developers, crypto entrepreneurs, and academics.

For further info please visit https://cryptochainx.com

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