Trading bitcoin : Arbistar cacherait une vaste escroquerie ...

Why Ethereum Problems Make UMI the Flagship Among the New Generation Cryptocurrencies

Why Ethereum Problems Make UMI the Flagship Among the New Generation Cryptocurrencies
Ethereum cryptocurrency that comes second in terms of capitalization on the crypto market is traditionally seen as fast and profitable. However, over the last few weeks it's had a rough patch. Since early August, the network has had huge queues of transactions pending processing while fees have skyrocketed and surpassed the historical high.
The main issue though is that even fees of a few dollars per transfer don't help get rid of the“traffic jams”. The cause of this is numerous DeFi projects and a huge number of financial pyramids based on the Ethereum platform. Both generate excessive load on the network.
The situation is downright unpleasant, and our users might question whether the UMI network could face a similar challenge? We'd like to assure you it could not. The UMI network is by default protected against these problems — it cannot have “traffic jams”, fees or financial pyramids. But first things first.
How has the Ethereum network ground to a halt?
In its report dated August 4, Arcane Research that provides analysis within the field of cryptocurrency stated that over the previous week the daily size of transaction fees in the Ethereum network has surged up to a record high for over two and a half years. On August 3, the median value #%D0%9F%D1%80%D0%B8%D0%BC%D0%B5%D1%80_%D0%B8%D1%81%D0%BF%D0%BE%D0%BB%D1%8C%D0%B7%D0%BE%D0%B2%D0%B0%D0%BD%D0%B8%D1%8F)of the fee amounted to $0.82, with the overall amount of transaction fees totaling $2 mln. However, it only signaled the start of real problems.
Over the next week, fees continued to grow and by August 11 the median fee value almost doubled equaling $1.57. Larry Cermak, an expert at a big analytical and news-making crypto portal The Block, wrote in his August 15 tweet that over a week the total amount of transaction fees in the Ethereum network totaled $34.5 mln, having surpassed its historical high. Meanwhile, in the Bitcoin network that is seen as too expensive the fees were almost four times lower at $9 mln.
The total fee amount paid by cryptocurrency users over a week:
  • Ethereum — $34.5 mln;
  • Bitcoin — $9 mln;
  • Monero — $2,240;
  • Tezos — $1,876;
  • Cardano — $1,615;
  • XRP — $1,138;
  • BSV — $1,102;
  • Stellar — $1,059;
  • Bitcoin Cash — $1,027;
  • UMI — $0. Let's talk about it a little later.
Historical Growth Chart for Ethereum Fees. Source
The existing situation shows that Ethereum is actually not as fast and profitable as commonly cited. Additionally, this could happen to almost any cryptocurrency except UMI that charges no fees whatsoever. We will tell you why.
Why have these problems emerged?
There is nothing unoriginal: the Ethereum network simply can't handle an increased load. Arcane Research analysts consider that a principal cause of this situation is the constantly increasing number of the DeFi ecosystem projects built on the Ethereum blockchain. Their number is growing all the time which causes the overload of the network. As of August 12, the total amount of funds in DeFi applications reached $4.3 billion which is 19.5% higher than that in the past week. At the time of writing this article, the amount surged to $6.21 billion. You can see the current data here. What is the most unpleasant about DeFi protocols is that a lot of them are scam projects.
Which is not the worst part though. There is also another factor that significantly slows down the Ethereum network. There are a lot of pyramid-like projects that are built on the EOS platform and use smart contracts. One of them is SmartWay Forsage, which regularly overloads the network with a large number of transactions, causes traffic jams, and, consequently, leads to increased fees (keep in mind that Ethereum miners choose transactions with a higher commission). Vitalik Buterin, the co-founder of Ethereum, revealed his disapproval of the SmartWay Forsage methodology and asked them to "leave and not pollute Ethereum ecology in the future". However, the project is slow to do this — it continues to deceive users.
This is only the tip of the iceberg of scam projects which abounds on the EOS network –– they continually emerge, work for a while, then go down as scams and are replaced with new ones. This never-ending stream of "investment projects" based on the Ponzi scheme overloads the system. This is the reason why Adam Back, a pioneer of the crypto industry and founder of the technology company Blockstream, equated Ethereum with such infamous projects as Onecoin and Bitconnect. Adam Back's solid dig at Ethereum became the subject of much debate among crypto enthusiasts.
Of course, it all doesn't mean that Ethereum is a bad cryptocurrency. On the contrary, it has a lot of advantages over other coins. But all that has happened exposes Ethereum's faults which must be eliminated. The problem is that they may not be fixable. It is far from certain that the developers will be able to get rid of all the defects as the system has huge scalability problems.
The crypto community has to admit that Ethereum, like other first-generation cryptocurrencies, has issues with capacity, fees, and scalability and is gradually becoming obsolete.
2020 is the time for young innovative cryptocurrencies such as UMI.
UMI is the flagship of new-generation cryptocurrencies.
In real fact, any cryptocurrency could face it. Each cryptocurrency charges fees which typically surge when the network is overloaded or the price is going up. Everyone will remember 2017 when in line with price growth and the network's overload Bitcoin transaction fee reached a high of around $40.
But when it comes to UMI, it works the other way round. The UMI network's advantages are high capacity, no fees, and scaling possibilities. It uses the best and fastest crypto industry solutions and excludes all inefficient methods by default. Smart optimization in combination with the Proof-of-Authority technology operating on the master node basis enables almost instant payments.
At the stage of network testing, an incredibly high capacity was achieved:
  • up to 4,369 transactions per second;
  • up to 262,140 transactions per minute;
  • up to 15,728,400 transactions per hour;
  • up to 377,481,600 transactions per day.
Ethereum processes about 20 transactions per second. It means that the UMI network can process transactions that Ethereum processes over a year in 1 to 5 days — and with no fees.
The UMI network can process transactions that Ethereum processes over a year in a few days and with no fees. More details
What is more important is that less than 0.001% of the network's overall potential is used now. The UMI network has a lot of reserve capacity and can handle hundreds of thousands of times heavier load. Moreover, with scaling possibilities, UMI can keep up with the times. The UMI code ensures the safe introduction of any upgrades — the network can be easily modified and scaled with cutting edge technology solutions. In other words, traffic jams will never pose a problem for us. UMI will instantly process all transactions, with no fees. Always.
A real-time speedometer displays the number of transactions processed by the UMI network per second. Link
Additionally, unlike Ethereum and other cryptocurrencies, the UMI's staking smart contract prevents possibilities of any pyramid schemes, meaning eliminates their negative influence. Our staking is completely safe and secured against scammers. Read more about this in our article. Any UMI staking structure could work forever. In other words, you can multiply your coins at a rate of up to 40% per month for an indefinitely long period of time.
UMI doesn't inherit the disadvantages of the first-generation cryptocurrencies. This is an innovative, carefully designed network based on state-of-the-art technologies. UMI is an ambitious step toward the future. And we're making it together right now!
Sincerely yours, UMI team
submitted by UMITop to u/UMITop [link] [comments]

IS CRYPTO.COM A PONZI SCHEME? INDICATOR SIGNALS BUY BITCOIN! PROOF BITCOIN IS BULLISH! Binance. How to buy RIPPLE, VERGE, POWER LEDGER on Binance exchange Illegal Crypto Mining, Litecoin Interest Rate, Billionaire Defi, Privacy In Danger & Bitcoin Ponzi ASIC Mining Farm - Bitmain (Antminer) Crypto Mining BITCOIN : Un système de PONZI PYRAMIDAL ?! Wormminer is a 100% Scam Bitcoin Mining Ponzi Site ONECOIN OU ONELIFE  L'ARNAQUE DU SIÈCLE ET PONZI  LE SITE ONECOIN FERME  CRYPTO SCAM NEWS BITCOIN SCHEMA DE PONZI ET SANS UTILITé ? Réponse à ... Litecoin MIner e Familia. PAGA OU NÃO PAGA?

Faisant partie des lecteurs fidèles de la Tribune du Minage vous avez déjà appris à comprendre les masternodes, et le minage de Bitcoin.Miner du BTC (avec votre propre matériel ou via « le nuage ») commence à ne tellement plus avoir de secret pour vous que ça en deviendrait – presque – trop facile.. Oui mais voila, vous avez entassé du BTC, des ETH, du Litecoin, accumulé des ... La justice espagnole enquête sur Arbistar, dont le service de trading de bitcoins cacherait en réalité une pyramide de Ponzi. Pour les investisseurs, des particuliers, cette ... Binance Coin; Accueil › Actualités › Actualités Bitcoin ›Ponzi Bitcoin : l’auteur de la pyramide à 147 millions Control-Finance toujours introuvable. Par Zoe De la Roche Publié le 25 avril 2020 à 09:00. La Crypto-queen de OneCoin court toujours – on l’avait presque oubliée – et, Benjamin Reynolds l’a peut-être rejoint ! A croire qu’il y a un ou des pays qui se sont ... Puissance de calcul totale sur BTC du nouveau mining pool de Binance – Source : A l’heure d’écrire ces lignes, ce pool de minage aurait déjà atteint un hashrate de 1,54 EH/s (exahashes par seconde) – la bagatelle de plus de 1,4% de la puissance totale sur le réseau Bitcoin.. Selon un tweet du PDG de Binance, Changpeng Zaho, le Binance Pool aurait découvert son ... Selon un communiqué officiel de la SEC, Mining City est un système de Ponzi qui offre six forfaits de minage aux investisseurs. Le prix de chaque forfait varie entre 300 $ et 12 600 $ pour que les investisseurs puissent louer les machines de minage de la société, qui sont utilisées pour miner le « Bitcoin Vault ». Les locataires sont ... Qu’est-ce qu’un Ponzi ? Le terme Ponzi, système ou pyramide de Ponzi renvoie à un montage financier frauduleux dans lequel des investisseurs (les victimes) sont attirés par des promesses de retour sur investissement très élevés.Pour profiter de ces rendements ils « placent » un certain montant pour recevoir des intérêts. Il est ensuite possible que ces victimes reçoivent ... Bitcoin Profit Erfahrungen. Der erste Eindruck ist oftmals von entscheidender Bedeutung. Auf seiner Startseite spuckt der Bitcoin Profit nach Meinung der Kryptoszene Redaktion etwas zu hohe Töne.. Wenn man angehende Händler mit vermeintlichen Millionengewinnen lockt, dann muss man sich also nicht großartig wundern, wenn es immer wieder lautstarke Vermutungen gibt, dass Bitcoin Profit Scam ist. Oft wird selbst Bitcoin als Ponzi bezeichnet, teilweise berechtigt, denn der einzige konstante Nutzen ist die Spekulation auf höhere Kurse und diese entsteht durch Nachfrage (neuer) Spekulanten. Wenn man die Nutzbarkeit als Geld-/Wertetransfersystem wirklich komplett wegnimmt, sei es durch horrende Gebühren oder sonstige Einschränkungen, sind wir bei einem Ponzi, das nur darauf aufbaut ... Le trading BTC n’est pas pour les nerveux. Dave Portnoy avait comparé Bitcoin à une pyramide de Ponzi mais, il semble aujourd’hui éprouver des regrets quant à son départ de la cryptosphère.. Il a indiqué à Pompliano qu’un jour qu’il envisageait de faire un come-back dans Bitcoin.Ce ne sera cependant pas dans l’immédiat, puisqu’il ne dispose plus de suffisamment de liquidités.

[index] [12988] [23650] [13458] [510] [9848] [6768] [14450] [6339] [2947] [23242]


This video is unavailable. Watch Queue Queue. Watch Queue Queue Queue MY BINANCE REFERRAL LINK: ===== My USI-Tech Referal Link: https://5355795.usitech-i... Why Is NOT Ponzi Scheme Like Bitconnect? Deep-dive Into The Company, Team And Reddit - Duration: 26:14. denome 2,712 views. New My Second Channel: ----- Supp... Ouvre un compte chez le meilleur exchange cryptos Binance: ... L'ARNAQUE DU SIÈCLE ET PYRAMIDE DE PONZI LE SITE ONECOIN FERME CRYPTO SCAM NEWS N'hésitez pas a vous abonner et a liker la ... In Todays Educational video i look at the TRADITIONAL FINANCIAL MARKETS, i analyse the PRICE OF BITCOIN, i analyse The DOW JONES INDEX DOWJ and i tell you the BREAKING NEWS STORIES from crypto and ... Wormminer is a 100% scam, guys. Why can I say that? Because this company claims that they are Bitcoin mining in South Korea which is completely ridiculous when you consider is cost more than ... Bitcoin Critical Range (50% Move Historically) In Sight! June 2020 Price Prediction & News Analysis - Duration: 37:17. Krown's Crypto Cave Recommended for you Como ganhar dinheiro na Binance cadastro : changepro lucro de 7 a 10% por dia casa de cam...