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Sorry, we can’t lend you the apartment. These words from a potential lender made Rebecca's world came to a standstill. Before jumping to conclusions, let’s understand first what exactly happened in her case: Rebecca: So am I not allowed to rent an Apartment? Lender: You need to show us proof of income to be eligible for renting an apartment. Rebecca: Yeah, I’ve submitted a copy of my income tax returns. Lender: Sorry, we need a W-2 form or Pay Stubs. Rebecca: I am self-employed, I don’t get Pay Stubs. Lender: Sorry, we can’t lend you the apartment. Rebecca is an average-earning freelancer who was denied an apartment for an absurd reason. She did not have a W-2 form or a pay stub to show her income of proof. She had income tax returns and bank statements, but those were not enough to sanction her an apartment loan. Over around the world deal with this wrath almost daily in their lives. They are subjected to poor treatment, misjudged, and often denied services that they federally are entitled to. 60 million freelancers One such thing is approval for a personal loan, buying an expensive car or the apartment is another, and the third is health insurance. Forget buying, they sometimes aren’t allowed to rent an apartment in the absence of pay stubs. These are the grey areas where earning self-employed people face the heat and sometimes quit over excessive questions, legwork, and comprehensive paper trail. Image Source: Pixabay How to Show Proof of Income? Proof of income is imperative for freelancers as it helps them avail services reserved for all tax-paying citizens. However, freelancers are not employees who get monthly proof of income like pay stubs and W-2 forms, due to which they frequently face issues while buying or renting necessary amenities. This article features all the possible ways through which you can rent your dream apartment being a freelancer and not worry about the lack of employee benefits. Proof of income can be presented in the following ways: 1. Recent Tax Documents Tax documents are of great essence when you want to show someone how much money you make. However, there are limitations too. For instance, if it is your , then using tax documents as proof of earning won’t help much because you must show tax returns for the last 2-3 years. Even if we’re paying taxes as an employee till last year, it still won’t count much, as this doesn’t guarantee your earnings as a freelancer. first year of freelancing Another case of tax returns not working aligns with low tax returns. Freelancers, in general, tend to lower their taxes to avoid high taxable income. This gives a false sense of impression that the freelancers are making less money. 2 . Generate Pay Stubs Although you don't have a W-2 form as you don't have an employer. But you can issue a pay stub for the work you do. The prerequisite includes two bank accounts, one for your business and the other for your personal usage. Decide upon the salary you need to take out for your expenses. Afterward, you can issue a monthly salary and use a paystub generator for crafting a paystub. The above method is totally legal; speak out to any financial advisor for more clarity on the subject. Image Source: opploans What is a Pay Stub? Pay stubs, paycheck stubs, payslips - they come with different names, but the meaning is one. Every pay stub includes your name, employment number, work hours (objective), paid benefits, and your earnings for the month before and after the taxes. 3. Keeping Track of Invoices Invoices and contract copies serve as the secondary efforts regarding confirming proof of income. And secondary, they are not even entertained by all lenders or mortgage brokers. Always keep track of invoices for payments and contracts you deliver. Additionally, keep a note of the profit and loss statements too. Not only will this help you with income proof, but it will also help you to assess your business decisions better. 4. Bank Statements Bank statements are generally the last throw of dice; using them can prove your point, but it has drawbacks too. Bank slips can cause a loss of privacy concerning your personal expenses. It is better to use them as a last resort. Renting an Apartment Renting an apartment can be a cumbersome job for a freelancer. The prime reason is apparent. With no monthly trail of income coming in, landlords have a fair share of reservations about renting to freelancers. Image Source: Pexels Some of the common questions that dazzle landlords’ minds are: Whether they be able to pay rent on time or What happens if their work goes off after few months of the tenancy Who’ll be the guarantor considering they don’t have an employer The questions are generic, and we can’t blame the landlords for thinking on these lines. Lenders want to stay assured about who they are renting to and avoid choosing a financially unstable tenant. But there is hope, a bright one too. One good way of dealing with this lies in educating your potential client about your work profile. An upfront approach to clarify doubts fills confidence in the mind of the listener. Words merely won’t be enough, so show them your tax returns for the last 2-3 years. A bank statement for the previous 6 months will also improve your chances of getting a ‘Yes’ considerably. Also, if the need arises, don’t hesitate to ask them about involving a guarantor. For this, make sure you have everything in readiness before pitching for an apartment. Still, if nothing works out, try out a final resort by asking them to submit the security deposit in cash. Don’t forget to get a written receipt of it for the record. To Sum Up Working as a freelancer is challenging; there are no doubts about it. They are not assured of landing clients, timely payments, financial security, and even mental health. But as the world heads to being a Startup Jungle with millions of people , the future seems brighter. Hold on tight, and look for alternatives to seek simple solutions to obstacles. Keep believing in yourself; keep freelancing! preferring to be self-employed Featured Image Source: Unsplash

How Freelancers Can Solve Proof of Income Issue When Renting

In this article, we will go over a project on image recognition using Go. We will also create a Telegram bot, through which we can send images for recognition. The first thing we need is an already trained model. Yes, in this article we will not train our model. For this exercise, let's take a ready-made module from the docker image of ctava/tfcgo. To launch our project, we will need 4 terminals at the same time. In the first case, we will launch an image recognition server. In the second case, we will launch the bot. In the third case, we will launch a public tunnel for sending our bot "out". In the fourth - we will execute the command to register our bot. To start the recognition server, create a Dockerfile: FROM ctava/tfcgo

RUN mkdir -p /model && \
  curl -o /model/inception5h.zip -s && \
  unzip /model/inception5h.zip -d /model

WORKDIR / /src/imgrecognize
COPY src/ .
RUN build
ENTRYPOINT [ ]
EXPOSE "http://download.tensorflow.org/models/inception5h.zip" go go "/go/src/imgrecognize/imgrecognize" 8080 This way we will run our server in the image. Inside this image, we will have our server: src/imgrecognize. In addition, we will unpack the model in the directory: /model. For the server, the first thing we need is to set the value of the constant os.Setenv( , ) "TF_CPP_MIN_LOG_LEVEL" "2" This is necessary so as not to get an error: I tensorflow/core/platform/cpu_feature_guard.cc: ] Your CPU supports instructions that this TensorFlow binary was not compiled to use: SSE4 SSE4 AVX AVX2 FMA
unable to a tensor from image: Expected image (JPEG, PNG, or GIF), got empty file 140 .1 .2 make Here, we will not optimize our server, but simply run it through "ListenAndServe". On port 8080. Before starting the server, we will load our model (loadModel) and get our graph (modelGraph) and labels (labels). From the graph, which is stored in a file in the protobuf format "/model/tensorflow_inception_graph. pb". { model, err := ioutil.ReadFile(graphFile) err != { , , err
	}
	graph := tensorflow.NewGraph() err := graph.Import(model, ); err != { , , err
	} labelsFile, err := os.Open(labelsFile) err != { , , err
	} labelsFile.Close()
	scanner := bufio.NewScanner(labelsFile) labels [] scanner.Scan() {
		labels = (labels, scanner.Text())
	} graph, labels, scanner.Err()
} func loadModel () (*tensorflow.Graph, [] , error) string // Load inception model if nil return nil nil if "" nil return nil nil // Load labels if nil return nil nil defer var string for append return Actually, in "modelGraph" we keep the "structure" of our model and the key tools for working with it. And "labels" contains a "dictionary" for working with our model. Inside our HTTP handler, we are required to normalize the resulting image-normalizeImage. In order to pass it on to the recognition input in the future. To normalize, we convert our image from a Go value to a Tensor: tensor, err := tensorflow.NewTensor(buf.String()) After that, we get three variables graph, input, output, err := getNormalizedGraph() "graph" - we need to decode, resize, and normalize an image. The "input", together with the tensor, will be the "input point" for "communication" between our application and tensorflow. The "output" will be used as the output signal. Through "graph", we will also open a session to start normalization directly. session, err := tensorflow.NewSession(graph, ) nil Normalization Code: { buf bytes.Buffer
	_, err := io.Copy(&buf, imgBody) err != { , err
	}

	tensor, err := tensorflow.NewTensor(buf.String()) err != { , err
	}

	graph, input, output, err := getNormalizedGraph() err != { , err
	}

	session, err := tensorflow.NewSession(graph, ) err != { , err
	}

	normalized, err := session.Run( [tensorflow.Output]*tensorflow.Tensor{
			input: tensor,
		},
		[]tensorflow.Output{
			output,
		}, ) err != { , err
	} normalized[ ], } func normalizeImage (imgBody io.ReadCloser) (*tensorflow.Tensor, error) var if nil return nil if nil return nil if nil return nil nil if nil return nil map nil if nil return nil return 0 nil After normalizing the image, we create a session for inference over modelGraph. session, err := tensorflow.NewSession(modelGraph, ) nil With the help of this session (session), we will start the recognition itself. The input is our normalized image modelGraph.Operation( ).Output( ): normalizedImg, "input" 0 The result of the calculation (recognition) will be saved in the "outputRecognize"variable. From the received data we get the last 3 results: res := getTopFiveLabels(labels, outputRecognize[ ].Value().([][] )[ ]) { resultLabels []Label i, p := probabilities { i >= (labels) { }
		resultLabels = (resultLabels, Label{Label: labels[i], Probability: p})
	}
	sort.Sort(Labels(resultLabels)) resultLabels[:ResultCount]
} 0 float32 0 [] func getTopFiveLabels (labels [] , probabilities [] ) string float32 Label var for range if len break append return And for the HTTP response, we will give only one most likely result: msg := fmt.Sprintf( , res[ ].Label, res[ ].Probability* )
_, err = w.Write([] (msg)) "This is: %s (%.2f%%)" 0 0 100 byte All the code of our server for recognition: main ( tensorflow ) (
	ResultCount = ) (
	graphFile  = labelsFile = ) Label {
	Label Probability } Labels []Label { (l)
} {
	l[i], l[j] = l[j], l[i]
} { l[i].Probability > l[j].Probability
} (
	modelGraph *tensorflow.Graph
	labels     [] ) { err := os.Setenv( , ) err != {
		log.Fatalln(err)
	}

	modelGraph, labels, err = loadModel() err != {
		log.Fatalf( , err)
	}

	log.Println( )
	http.HandleFunc( , mainHandler)
	err = http.ListenAndServe( , ) err != {
		log.Fatalln(err)
	}
} {
	normalizedImg, err := normalizeImage(r.Body) err != {
		log.Fatalf( , err)
	} session, err := tensorflow.NewSession(modelGraph, ) err != {
		log.Fatalf( , err)
	}

	outputRecognize, err := session.Run( [tensorflow.Output]*tensorflow.Tensor{
			modelGraph.Operation( ).Output( ): normalizedImg,
		},
		[]tensorflow.Output{
			modelGraph.Operation( ).Output( ),
		}, ,
	) err != {
		log.Fatalf( , err)
	}

	res := getTopFiveLabels(labels, outputRecognize[ ].Value().([][] )[ ])
	log.Println( ) _, l := res {
		fmt.Printf( , l.Label, l.Probability* )
	}
	log.Println( )

	msg := fmt.Sprintf( , res[ ].Label, res[ ].Probability* )
	_, err = w.Write([] (msg)) err != {
		log.Fatalf( , err)
	}
} { model, err := ioutil.ReadFile(graphFile) err != { , , err
	}
	graph := tensorflow.NewGraph() err := graph.Import(model, ); err != { , , err
	} labelsFile, err := os.Open(labelsFile) err != { , , err
	} labelsFile.Close()
	scanner := bufio.NewScanner(labelsFile) labels [] scanner.Scan() {
		labels = (labels, scanner.Text())
	} graph, labels, scanner.Err()
} { resultLabels []Label i, p := probabilities { i >= (labels) { }
		resultLabels = (resultLabels, Label{Label: labels[i], Probability: p})
	}
	sort.Sort(Labels(resultLabels)) resultLabels[:ResultCount]
} { buf bytes.Buffer
	_, err := io.Copy(&buf, imgBody) err != { , err
	}

	tensor, err := tensorflow.NewTensor(buf.String()) err != { , err
	}

	graph, input, output, err := getNormalizedGraph() err != { , err
	}

	session, err := tensorflow.NewSession(graph, ) err != { , err
	}

	normalized, err := session.Run( [tensorflow.Output]*tensorflow.Tensor{
			input: tensor,
		},
		[]tensorflow.Output{
			output,
		}, ) err != { , err
	} normalized[ ], } {
	s := op.NewScope()
	input = op.Placeholder(s, tensorflow.String)
	decode := op.DecodeJpeg(s, input, op.DecodeJpegChannels( )) output = op.Sub(s,
		op.ResizeBilinear(s,
			op.ExpandDims(s,
				op.Cast(s, decode, tensorflow.Float),
				op.Const(s.SubScope( ), ( ))),
			op.Const(s.SubScope( ), [] { , })),
		op.Const(s.SubScope( ), ( )))
	graph, err = s.Finalize() graph, input, output, err
} package import "bufio" "bytes" "fmt" "io" "io/ioutil" "log" "net/http" "os" "sort" "github.com/tensorflow/tensorflow/tensorflow/go" "github.com/tensorflow/tensorflow/tensorflow/go/op" const 3 var "/model/tensorflow_inception_graph.pb" "/model/imagenet_comp_graph_label_strings.txt" type struct string float32 type func (l Labels) Len () int return len func (l Labels) Swap (i, j ) int func (l Labels) Less (i, j ) int bool return var string func main () // I tensorflow/core/platform/cpu_feature_guard.cc:140] Your CPU supports instructions that this TensorFlow binary was not compiled to use: SSE4.1 SSE4.2 AVX AVX2 FMA // unable to make a tensor from image: Expected image (JPEG, PNG, or GIF), got empty file "TF_CPP_MIN_LOG_LEVEL" "2" if nil if nil "unable to load model: %v" "Run RECOGNITION server ...." "/" ":8080" nil if nil func mainHandler (w http.ResponseWriter, r *http.Request) if nil "unable to make a normalizedImg from image: %v" // Create a session for inference over modelGraph nil if nil "could not init session: %v" map "input" 0 "output" 0 nil if nil "could not run inference: %v" 0 float32 0 "--- recognition result:" for range "label: %s, probability: %.2f%%\n" 100 "---" "This is: %s (%.2f%%)" 0 0 100 byte if nil "could not write server response: %v" func loadModel () (*tensorflow.Graph, [] , error) string // Load inception model if nil return nil nil if "" nil return nil nil // Load labels if nil return nil nil defer var string for append return [] func getTopFiveLabels (labels [] , probabilities [] ) string float32 Label var for range if len break append return func normalizeImage (imgBody io.ReadCloser) (*tensorflow.Tensor, error) var if nil return nil if nil return nil if nil return nil nil if nil return nil map nil if nil return nil return 0 nil // Creates a graph to decode, rezise and normalize an image func getNormalizedGraph () (graph *tensorflow.Graph, input, output tensorflow.Output, err error) 3 // 3 RGB "make_batch" int32 0 "size" int32 224 224 "mean" float32 117 return Now, we need to build this image (build it). Of course, we can build an image and run it in the console using the appropriate commands. But it is more convenient to build these commands in a Makefile. So, let's create this handy file: recognition_build:
	docker build -t imgrecognition .

recognition_run:
	docker run -it -p : imgrecognition 8080 8080 After that, open the terminal and run the command: recognition_build && recognition_run make make Now, in the first terminal, we have a local HTTP server that can accept images. In response, it sends a text message containing information about what was recognized in the image. This is so to say the "core" of our project. Creating a Telegram Bot Next, we need to create a Telegram bot. We need to "build" the bot; to do this, we need to write a second HTTP server. The first server recognizes our images and uses port 8080. The second one will be the Bot's server and will use port 3000. First, we need to create a bot through your account in the app via . With this registration, you will receive the bot's name and its token. Don't tell anyone about this token. BotFather Let's put this token in the "BotToken" constant. You should get something like this: BotToken = const "1695571234:AAEbodyrfOjto2xNE5yjpQpW2Gyq0Ob5X24D5" Our bot's handler will decode the JSON response body. json.NewDecoder(r.Body).Decode(webhookBody) We are interested in the photo in the sent message By the unique image ID- let's collect a link to the image itself . And download it webhookBody.Message.Photo. photoSize.FileID fmt.Sprintf(GetFileUrl, BotToken, photoSize.FileID) downloadResponse, err = http.Get(downloadFileUrl). We will send the image bytes to the handler of our first server: msg := recognitionClient.Recognize(downloadResponse) In response, we get a certain message - a text string. After that, we simply send this string to the User, as is, in the Telegram Bot. The entire bot code: main ( ) (
	BotToken = GetFileUrl       = DownloadFileUrl  = SendMsgToUserUrl = ) webhookReqBody {
	Message Msg
} Msg {
	MessageId Text From {
		ID FirstName Username } Photo *[]PhotoSize Chat {
		ID FirstName Username } Date Voice {
		Duration MimeType FileId FileSize } } PhotoSize {
	FileID Width Height FileSize } ImgFileInfo {
	Ok Result {
		FileId FileUniqueId FileSize FilePath } } {
	log.Println( )
	err := http.ListenAndServe( , http.HandlerFunc(Handler)) err != {
		log.Fatalln(err)
	}
} { webhookBody := &webhookReqBody{}
	err := json.NewDecoder(r.Body).Decode(webhookBody) err != {
		log.Println( , err) } downloadResponse *http.Response webhookBody.Message.Photo == {
		log.Println( , webhookBody) } _, photoSize := *webhookBody.Message.Photo { imgFileInfoUrl := fmt.Sprintf(GetFileUrl, BotToken, photoSize.FileID)
		rr, err := http.Get(imgFileInfoUrl) err != {
			log.Println( , err) } rr.Body.Close() fileInfoJson, err := ioutil.ReadAll(rr.Body) err != {
			log.Println( , err) } imgInfo := &ImgFileInfo{}
		err = json.Unmarshal(fileInfoJson, imgInfo) err != {
			log.Println( +imgFileInfoUrl, err)
		} downloadFileUrl := fmt.Sprintf(DownloadFileUrl, BotToken, imgInfo.Result.FilePath)
		downloadResponse, err = http.Get(downloadFileUrl) err != {
			log.Println( +downloadFileUrl, err) } downloadResponse.Body.Close()
	} recognitionClient := recognition.New()
	msg := recognitionClient.Recognize(downloadResponse) err := sendResponseToUser(webhookBody.Message.Chat.ID, msg); err != {
		log.Println( , err) }
} sendMessageReqBody {
	ChatID Text } { msgBody := &sendMessageReqBody{
		ChatID: chatID,
		Text:   msg,
	} msgBytes, err := json.Marshal(msgBody) err != { err
	} res, err := http.Post(fmt.Sprintf(SendMsgToUserUrl, BotToken), , bytes.NewBuffer(msgBytes)) err != { err
	} res.StatusCode != http.StatusOK {
		buf := (bytes.Buffer)
		_, err := buf.ReadFrom(res.Body) err != { err
		} errors.New( + res.Status)
	} } package import "bytes" "encoding/json" "errors" "fmt" "io/ioutil" "log" "net/http" "github.com/romanitalian/recognition/src/bot/recognition" // Register Bot: curl -F "url=https://9068b6869da7.ngrok.io "  https://api.telegram.org/bot1695571234:AAEbodyrfOjto2xNE5yjpQpW2Gyq0Ob5X24D5/setWebhook const "1695571234:AAEbodyrfOjto2xNE5yjpQpW2Gyq0Ob5X24D5" "https://api.telegram.org/bot%s/getFile?file_id=%s" "https://api.telegram.org/file/bot%s/%s" "https://api.telegram.org/bot%s/sendMessage" type struct type struct int `json:"message_id"` string `json:"text"` struct int64 `json:"id"` string `json:"first_name"` string `json:"username"` `json:"from"` `json:"photo"` struct int64 `json:"id"` string `json:"first_name"` string `json:"username"` `json:"chat"` int `json:"date"` struct int64 `json:"duration"` string `json:"mime_type"` string `json:"file_id"` int64 `json:"file_size"` `json:"voice"` type struct string `json:"file_id"` int `json:"width"` int64 `json:"height"` int64 `json:"file_size"` type struct bool `json:"ok"` struct string `json:"file_id"` string `json:"file_unique_id"` int `json:"file_size"` string `json:"file_path"` `json:"result"` func main () "Run BOT server ...." ":3000" if nil // This handler is called everytime telegram sends us a webhook event func Handler (w http.ResponseWriter, r *http.Request) // First, decode the JSON response body if nil "could not decode request body" return // ------------------------- Download last img var if nil "no photo in webhook body. webhookBody: " return for range // GET JSON ABOUT OUR IMG (ORDER TO GET FILE_PATH) if nil "unable retrieve img by FileID" return defer // READ JSON if nil "unable read img by FileID" return // UNMARSHAL JSON if nil "unable unmarshal file description from api.telegram by url: " // GET FILE_PATH if nil "unable download file by file_path: " return defer // --------------------------- Send img to server recognition. if nil "error in sending reply: " return // The below code deals with the process of sending a response message // to the user // Create a struct to conform to the JSON body // of the send message request // https://core.telegram.org/bots/api#sendmessage type struct int64 `json:"chat_id"` string `json:"text"` // sendResponseToUser notify user - what found on image. func sendResponseToUser (chatID , msg ) int64 string error // Create the request body struct // Create the JSON body from the struct if nil return // Send a post request with your token "application/json" if nil return if new if nil return return "unexpected status: " return nil The client code that sends the image request from the Bot to the Recognition Server: recognition ( ) imgRecognitionAddress = Client {
	httpClient *http.Client
} { &Client{
		httpClient: &http.Client{},
	}
} { msg method := req, err := http.NewRequest(method, imgRecognitionAddress, downloadResponse.Body) err != {
		log.Println( , err) msg
	}
	req.Header.Add( , ) recognitionResponse, err := c.httpClient.Do(req) err != {
		log.Println(err) msg
	} {
		er := recognitionResponse.Body.Close() er != {
			log.Println(er)
		}
	}()

	recognitionResponseBody, err := ioutil.ReadAll(recognitionResponse.Body) err != {
		log.Println( , err) msg
	}
	msg = (recognitionResponseBody) msg
} package import "io/ioutil" "log" "net/http" const "http://localhost:8080/" type struct * func New () Client return func (c *Client) Recognize (downloadResponse *http.Response) string var string "POST" if nil "error from server recognition" return "Content-Type" "image/png" // do request to server recognition. if nil return defer func () if nil if nil "error on read response from server recognition" return string return By the way, to make our bot work correctly-register our handler. To do this, run: ngrok http 3000 Immediately after executing this command, you will see a list of public addresses. The last one will be an address with HTTPS - we need it. For example, it can be: https://9068b6869da7.ngrok.io. And directly register our bot-say Telegram where to send webhooks: curl -F https: "url=https://9068b6869da7.ngrok.io" //api.telegram.org/bot1695571234:AAEbodyrfOjto2xNE5yjpQpW2Gyq0Ob5X24D5/setWebhook Now you can send a file with a photo to your bot and get information about what is depicted on it. Thanks for your attention.

Creating an Image Recognizer on Golang Telegram Bot

Futurist Scott Smith: «The next Uber is going to be a biotech-company.»

Discovering the Opportunities and Threats of MiCA Regulations on Crypto Dark Pools in the EU 

TORONTO, Ontario, October 8th, 2024/Chainwire/--clisBNB, developed by Lista DAO, is an innovative tool that offers BNB holders greater flexibility and control over their assets. Now available through BNB.xyz, a one-stop on-chain platform for BNB, primarily designed to bridge the gap between CeFi and DeFi. clisBNB offers BNB holders a new way to access Binance launchpool and Lista DAO CDP. What is BNB.xyz? With BNB Chain, ListaDAO, and Pancakeswap as core contributors, BNB.XYZ is a one-stop staking platform on the BNB chain, bridging the gap between DeFi and CeFi. The platform offers users competitive APRs, enhanced security, and exclusive features like strategic APY comparisons, Binance Launchpool reminders, and potential integrations with major platforms like Binance.com. What is clisBNB? clisBNB is a certificate token issued when users deposit BNB into a Collateralized Debt Position (CDP) on ListaDAO. Each clisBNB is pegged 1:1 to the amount of BNB deposited, maintaining a clear link between the token and the staked BNB. This innovative solution allows users to retain control of their BNB collateral while accessing a wide range of DeFi opportunities. What Can clisBNB Do? The primary function of clisBNB is to allow users to borrow lisUSD against their BNB collateral on ListaDAO, and still be able to participate in Binance launchpool using clisBNB. Users who hold clisBNB in their Binance Web3 MPC wallet can leverage their BNB to join exclusive token launch events, earning new tokens without having to close their debt positions on Lista DAO. This powerful combination of borrowing and participation in Binance Launchpool gives users more utility and flexibility with their BNB holdings, all through one seamless product. Key Features of clisBNB: clisBNB comes with several features that distinguishes it from other tokens, providing users with focused utility while maintaining control over their assets: 1:1 Ratio with BNB
When users deposit BNB into a CDP on Lista DAO, they are issued clisBNB at a 1:1 ratio. This direct relationship ensures that for every BNB deposited, one clisBNB is created, maintaining a seamless link between the deposit and the certificate.
Non-transferable Token
One important feature of clisBNB is that it is non-transferable. Once issued, clisBNB cannot be moved between wallets or users. It is solely linked to the user’s BNB deposit and exists only within the context of the Lista DAO platform, ensuring its security and focused usage.
Automatic burn upon withdrawal
clisBNB is automatically burnt or destroyed when users withdraw their BNB or the corresponding slisBNB from Lista DAO’s CDP. This mechanism ensures that clisBNB always accurately represents the amount of BNB in the user’s position. Once the underlying BNB is withdrawn, the associated clisBNB is removed from the system to prevent any mismatches in value. Minting clisBNB to Another Address clisBNB offers users a unique feature: When depositing BNB into a CDP, they have the option to mint clisBNB to another address. However, once this address has been chosen and the clisBNB has been sent over, it will no longer be transferable to any other wallet. Having this function enables greater flexibility, especially for users who may want to delegate certain actions related to another wallet, such as the accumulation of stardust points. However, this flexibility comes with some key restrictions: Only one address can be specified to receive clisBNB at the time of deposit. If the underlying BNB or slisBNB is withdrawn, any clisBNB minted to the secondary address is automatically destroyed. How to Obtain clisBNB Accessing clisBNB is a straightforward process. Users can visit ListaDAO’s deposit page, where they can deposit their BNB into a Collateralized Debt Position (CDP), and automatically receive clisBNB in return. From there, clisBNB can be used to participate in Binance Launchpool events via the Binance Web3 MPC wallet. To ensure participation in Binance Launchpool events, it’s important that users utilize the Binance Web3 MPC wallet, which supports smooth interaction between the staked BNB and launch events. clisBNB: Unlocking BNB Liquidity clisBNB offers BNB holders a powerful new way to unlock liquidity, borrow lisUSD, and participate in Binance Launchpool events without losing access to their collateral. By enhancing the utility and flexibility of staked BNB, clisBNB represents a significant advancement in DeFi solutions for BNB users. With the introduction of clisBNB, BNB holders now have a seamless tool for managing collateral, participating in Binance launchpools and accessing DeFi opportunities, all within a simple and secure process. About BNB XYZ BNB XYZ is a One-Stop on Chain Staking Platform for BNB, designed to bridge the gap between BNB CeFi and DeFi. It offers seamless staking solutions and optimizes the utility of both CeFi BNB and DeFi BNB, making it the go-to resource for all BNB users to maximize their potential earnings. Core contributors of BNB XYZ include PancakeSwap, Lista DAO, and BNB Chain. Website: https://BNB.xyz
X (Twitter): https://x.com/BNBxyz Core contributors: PancakeSwap, Lista DAO, BNB chain Contact Marketing team
BNB.xyz
marketing@bnb.xyz This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here TORONTO, Ontario, October 8th, 2024/Chainwire/--clisBNB, developed by Lista DAO, is an innovative tool that offers BNB holders greater flexibility and control over their assets. Now available through BNB.xyz, a one-stop on-chain platform for BNB, primarily designed to bridge the gap between CeFi and DeFi. clisBNB offers BNB holders a new way to access Binance launchpool and Lista DAO CDP. What is BNB.xyz? With BNB Chain, ListaDAO, and Pancakeswap as core contributors, BNB.XYZ is a one-stop staking platform on the BNB chain, bridging the gap between DeFi and CeFi. The platform offers users competitive APRs, enhanced security, and exclusive features like strategic APY comparisons, Binance Launchpool reminders, and potential integrations with major platforms like Binance.com . Binance.com What is clisBNB? clisBNB is a certificate token issued when users deposit BNB into a Collateralized Debt Position (CDP) on ListaDAO. Each clisBNB is pegged 1:1 to the amount of BNB deposited, maintaining a clear link between the token and the staked BNB. This innovative solution allows users to retain control of their BNB collateral while accessing a wide range of DeFi opportunities. What Can clisBNB Do? The primary function of clisBNB is to allow users to borrow lisUSD against their BNB collateral on ListaDAO, and still be able to participate in Binance launchpool using clisBNB. Users who hold clisBNB in their Binance Web3 MPC wallet can leverage their BNB to join exclusive token launch events, earning new tokens without having to close their debt positions on Lista DAO. This powerful combination of borrowing and participation in Binance Launchpool gives users more utility and flexibility with their BNB holdings, all through one seamless product. Key Features of clisBNB: clisBNB comes with several features that distinguishes it from other tokens, providing users with focused utility while maintaining control over their assets: 1:1 Ratio with BNB
When users deposit BNB into a CDP on Lista DAO, they are issued clisBNB at a 1:1 ratio. This direct relationship ensures that for every BNB deposited, one clisBNB is created, maintaining a seamless link between the deposit and the certificate. Non-transferable Token
One important feature of clisBNB is that it is non-transferable. Once issued, clisBNB cannot be moved between wallets or users. It is solely linked to the user’s BNB deposit and exists only within the context of the Lista DAO platform, ensuring its security and focused usage. Automatic burn upon withdrawal
clisBNB is automatically burnt or destroyed when users withdraw their BNB or the corresponding slisBNB from Lista DAO’s CDP. This mechanism ensures that clisBNB always accurately represents the amount of BNB in the user’s position. Once the underlying BNB is withdrawn, the associated clisBNB is removed from the system to prevent any mismatches in value. 1:1 Ratio with BNB
When users deposit BNB into a CDP on Lista DAO, they are issued clisBNB at a 1:1 ratio. This direct relationship ensures that for every BNB deposited, one clisBNB is created, maintaining a seamless link between the deposit and the certificate. Non-transferable Token
One important feature of clisBNB is that it is non-transferable. Once issued, clisBNB cannot be moved between wallets or users. It is solely linked to the user’s BNB deposit and exists only within the context of the Lista DAO platform, ensuring its security and focused usage. Automatic burn upon withdrawal
clisBNB is automatically burnt or destroyed when users withdraw their BNB or the corresponding slisBNB from Lista DAO’s CDP. This mechanism ensures that clisBNB always accurately represents the amount of BNB in the user’s position. Once the underlying BNB is withdrawn, the associated clisBNB is removed from the system to prevent any mismatches in value. Minting clisBNB to Another Address Minting clisBNB to Another Address Minting clisBNB to Another Address clisBNB offers users a unique feature: When depositing BNB into a CDP, they have the option to mint clisBNB to another address. However, once this address has been chosen and the clisBNB has been sent over, it will no longer be transferable to any other wallet. Having this function enables greater flexibility, especially for users who may want to delegate certain actions related to another wallet, such as the accumulation of stardust points. However, this flexibility comes with some key restrictions: Only one address can be specified to receive clisBNB at the time of deposit. If the underlying BNB or slisBNB is withdrawn, any clisBNB minted to the secondary address is automatically destroyed. How to Obtain clisBNB Accessing clisBNB is a straightforward process. Users can visit ListaDAO’s deposit page, where they can deposit their BNB into a Collateralized Debt Position (CDP), and automatically receive clisBNB in return. From there, clisBNB can be used to participate in Binance Launchpool events via the Binance Web3 MPC wallet. To ensure participation in Binance Launchpool events, it’s important that users utilize the Binance Web3 MPC wallet, which supports smooth interaction between the staked BNB and launch events. clisBNB: Unlocking BNB Liquidity clisBNB offers BNB holders a powerful new way to unlock liquidity, borrow lisUSD, and participate in Binance Launchpool events without losing access to their collateral. By enhancing the utility and flexibility of staked BNB, clisBNB represents a significant advancement in DeFi solutions for BNB users. With the introduction of clisBNB, BNB holders now have a seamless tool for managing collateral, participating in Binance launchpools and accessing DeFi opportunities, all within a simple and secure process. About BNB XYZ BNB XYZ is a One-Stop on Chain Staking Platform for BNB, designed to bridge the gap between BNB CeFi and DeFi. It offers seamless staking solutions and optimizes the utility of both CeFi BNB and DeFi BNB, making it the go-to resource for all BNB users to maximize their potential earnings. Core contributors of BNB XYZ include PancakeSwap, Lista DAO, and BNB Chain. Website: https://BNB.xyz X (Twitter): https://x.com/BNBxyz Core contributors: PancakeSwap, Lista DAO, BNB chain https://BNB.xyz https://x.com/BNBxyz Contact Marketing team
BNB.xyz
marketing@bnb.xyz This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here here here

Unlocking New DeFi Opportunities for BNB Holders

فتح فرص DeFi جديدة لحاملي BNB

Desbloqueo de nuevas oportunidades DeFi para los titulares de BNB

BNB धारकों के लिए नए DeFi अवसरों को खोलना

BNB保有者のための新たなDeFi機会の解放

BNB 보유자를 위한 새로운 DeFi 기회 잠금 해제

ການປົດລັອກໂອກາດ DeFi ໃໝ່ສຳລັບຜູ້ຖື BNB

Отклучување на нови можности за DeFi за носителите на BNB

Nieuwe DeFi-kansen ontsluiten voor BNB-houders

Открытие новых возможностей DeFi для держателей BNB

Gufungura amahirwe mashya ya DeFi kubafite BNB

BNB දරන්නන් සඳහා නව DeFi අවස්ථා විවෘත කිරීම

Mở khóa các cơ hội DeFi mới cho người nắm giữ BNB

The rise of decentralized computing, particularly through GPU networks, has generated significant interest in recent years. Lots of emerging projects aim to harness what some see as the untapped potential of distributed computing resources, offering an alternative to traditional cloud-based systems. But a key question remains: is there genuine market demand for decentralized GPU networks? And if so, what are the driving forces behind this demand, and what challenges lie ahead? AI and Machine Learning Driving Demand Artificial intelligence (AI) and machine learning (ML) applications have been at the forefront of demand for decentralized GPU networks. These technologies require substantial computational resources, especially for tasks such as training deep learning models, running large-scale simulations, and processing vast datasets. Traditional GPU solutions from cloud providers like Amazon Web Services (AWS) and Google Cloud can handle these tasks but come with high costs and scalability limitations. In contrast, decentralized GPU networks offer the flexibility to scale while distributing workloads across a global network of computing resources, reducing the risk of failure and boosting efficiency. This decentralized approach can meet the ever-growing computational demands from sectors like healthcare, finance, and autonomous technology. Additionally, with AI applications becoming more widespread, decentralized GPU networks are gaining traction as a more affordable and flexible solution compared to centralized providers. Open-Source Models and Customization The recent developments in open-source models, such as Meta’s LLaMA, have further reinforced the need for decentralized GPU networks. These open-source models provide enterprise-grade performance that can be hosted on decentralized networks, reducing dependency on large centralized providers like OpenAI and Microsoft. The ability to customize and optimize these models to fit specific use cases adds another layer of appeal to decentralized solutions. By adopting decentralized GPU networks, businesses not only cut costs but also achieve greater control over their AI and machine learning deployments, ensuring these systems are tailored precisely to their needs. This adaptability is particularly relevant for industries that rely on high computational power but need the ability to adjust their infrastructure quickly in response to changing demands. Cost Efficiency and Flexibility Cost efficiency remains one of the most compelling benefits of decentralized GPU networks. Traditional cloud providers, while reliable, often become prohibitively expensive as businesses scale. Decentralized networks, by tapping into underutilized GPU resources scattered across the globe, can offer far more competitive pricing. For many businesses, this lower-cost alternative provides access to high-performance computing power without the financial burden associated with centralized cloud services. Moreover, the flexibility inherent in decentralized systems allows businesses to scale their computational needs up or down as required. This elasticity makes decentralized GPU networks highly attractive for organizations with fluctuating demand, offering them the ability to optimize costs while maintaining the necessary performance levels. Challenges and Barriers to Adoption While the benefits of decentralized GPU networks are clear, several challenges must be addressed for widespread adoption to occur. Security and Privacy Concerns Security is a critical issue for any network, but especially so for decentralized systems handling sensitive data. Industries like healthcare, finance, and transportation, which often deal with confidential information, must be assured that decentralized GPU networks can provide robust security measures. Data encryption, privacy protection, and compliance with regulatory standards such as GDPR or HIPAA are essential components that decentralized providers must implement. Without trust in the security of decentralized networks, their adoption will be slow, especially in industries with strict data handling regulations. Scalability and Reliability One of the main promises of decentralized GPU networks is their scalability. However, the infrastructure must demonstrate that it can scale without compromising performance or reliability. Ensuring that decentralized systems can manage resources efficiently, recover from faults quickly, and avoid downtime is key to their success. Consistent uptime and smooth resource allocation will help convince businesses to transition from centralized systems to decentralized networks. Integration and User Experience For decentralized GPU networks to achieve widespread use, the integration process must be seamless. Businesses need solutions that are easy to adopt, with user-friendly interfaces, comprehensive APIs, and support for popular frameworks like TensorFlow or PyTorch. By simplifying the technical barriers to entry, decentralized providers can accelerate the adoption of their solutions among enterprises. The Future of Decentralized GPU Networks The market demand for decentralized GPU networks is indeed growing, fueled primarily by AI, machine learning, and big data applications. These networks offer significant advantages in terms of cost efficiency, scalability, and flexibility. As businesses increasingly look for alternatives to the expensive and often inflexible centralized cloud solutions, decentralized GPU networks present a compelling option. However, to fully realize their potential, the industry must address several critical challenges, including security, scalability, and ease of integration. By overcoming these barriers, decentralized GPU networks can transform the computing landscape, making high-performance computing more accessible, cost-effective, and customizable. In the coming years, decentralized GPU networks could become an essential part of the computing infrastructure for AI, machine learning, and other high-demand sectors. With the right focus on security, reliability, and user experience, these networks have the potential to revolutionize how we approach computational power in a decentralized, efficient, and flexible way. The rise of decentralized computing, particularly through GPU networks, has generated significant interest in recent years. Lots of emerging projects aim to harness what some see as the untapped potential of distributed computing resources, offering an alternative to traditional cloud-based systems. But a key question remains: is there genuine market demand for decentralized GPU networks? And if so, what are the driving forces behind this demand, and what challenges lie ahead? AI and Machine Learning Driving Demand Artificial intelligence (AI) and machine learning (ML) applications have been at the forefront of demand for decentralized GPU networks. These technologies require substantial computational resources, especially for tasks such as training deep learning models, running large-scale simulations, and processing vast datasets. Traditional GPU solutions from cloud providers like Amazon Web Services (AWS) and Google Cloud can handle these tasks but come with high costs and scalability limitations. In contrast, decentralized GPU networks offer the flexibility to scale while distributing workloads across a global network of computing resources, reducing the risk of failure and boosting efficiency. This decentralized approach can meet the ever-growing computational demands from sectors like healthcare, finance, and autonomous technology. Additionally, with AI applications becoming more widespread, decentralized GPU networks are gaining traction as a more affordable and flexible solution compared to centralized providers. Open-Source Models and Customization The recent developments in open-source models, such as Meta’s LLaMA, have further reinforced the need for decentralized GPU networks. These open-source models provide enterprise-grade performance that can be hosted on decentralized networks, reducing dependency on large centralized providers like OpenAI and Microsoft. The ability to customize and optimize these models to fit specific use cases adds another layer of appeal to decentralized solutions. By adopting decentralized GPU networks, businesses not only cut costs but also achieve greater control over their AI and machine learning deployments, ensuring these systems are tailored precisely to their needs. This adaptability is particularly relevant for industries that rely on high computational power but need the ability to adjust their infrastructure quickly in response to changing demands. Cost Efficiency and Flexibility Cost efficiency remains one of the most compelling benefits of decentralized GPU networks. Traditional cloud providers, while reliable, often become prohibitively expensive as businesses scale. Decentralized networks, by tapping into underutilized GPU resources scattered across the globe, can offer far more competitive pricing. For many businesses, this lower-cost alternative provides access to high-performance computing power without the financial burden associated with centralized cloud services. Moreover, the flexibility inherent in decentralized systems allows businesses to scale their computational needs up or down as required. This elasticity makes decentralized GPU networks highly attractive for organizations with fluctuating demand, offering them the ability to optimize costs while maintaining the necessary performance levels. Challenges and Barriers to Adoption While the benefits of decentralized GPU networks are clear, several challenges must be addressed for widespread adoption to occur. Security and Privacy Concerns Security is a critical issue for any network, but especially so for decentralized systems handling sensitive data. Industries like healthcare, finance, and transportation, which often deal with confidential information, must be assured that decentralized GPU networks can provide robust security measures. Data encryption, privacy protection, and compliance with regulatory standards such as GDPR or HIPAA are essential components that decentralized providers must implement. Without trust in the security of decentralized networks, their adoption will be slow, especially in industries with strict data handling regulations. Scalability and Reliability One of the main promises of decentralized GPU networks is their scalability. However, the infrastructure must demonstrate that it can scale without compromising performance or reliability. Ensuring that decentralized systems can manage resources efficiently, recover from faults quickly, and avoid downtime is key to their success. Consistent uptime and smooth resource allocation will help convince businesses to transition from centralized systems to decentralized networks. Integration and User Experience For decentralized GPU networks to achieve widespread use, the integration process must be seamless. Businesses need solutions that are easy to adopt, with user-friendly interfaces, comprehensive APIs, and support for popular frameworks like TensorFlow or PyTorch. By simplifying the technical barriers to entry, decentralized providers can accelerate the adoption of their solutions among enterprises. The Future of Decentralized GPU Networks The market demand for decentralized GPU networks is indeed growing, fueled primarily by AI, machine learning, and big data applications. These networks offer significant advantages in terms of cost efficiency, scalability, and flexibility. As businesses increasingly look for alternatives to the expensive and often inflexible centralized cloud solutions, decentralized GPU networks present a compelling option. However, to fully realize their potential, the industry must address several critical challenges, including security, scalability, and ease of integration. By overcoming these barriers, decentralized GPU networks can transform the computing landscape, making high-performance computing more accessible, cost-effective, and customizable. In the coming years, decentralized GPU networks could become an essential part of the computing infrastructure for AI, machine learning, and other high-demand sectors. With the right focus on security, reliability, and user experience, these networks have the potential to revolutionize how we approach computational power in a decentralized, efficient, and flexible way.

Decentralized GPU Networks: Demand, Challenges, and Future Opportunities

An introductory manual for newcomers looking to venture into cryptocurrency investment in the year 2024 PLEASE DO YOUR OWN RESEARCH BEFORE INVESTING IN ANYTHING. As we approach 2024, eager crypto enthusiasts are anticipating the upcoming BULL run in 2024-2025. I’ve composed this article to ensure you have a chance to seize the opportunity without the risk of getting trapped in the bubble. This article highlights the investment opportunity in the cryptocurrency domain and will explain: Why Crypto investments are a smart decision Market Bitcoin How to Invest in Crypto Investment Amount Selecting Assets Entry and Exit Understanding differences between Wallets and Custodians Centralized Vs Decentralised Exchanges Products that I use Final Thoughts scams Get Educated about money Summary Why Invest in Cryptocurrencies? Short Answer: In anticipation of a Bitcoin Bull Run shortly after the Halving event scheduled for April 2024. Long Answer: Market The global cryptocurrency market cap today is a whooping $1.85 Trillion, where Bitcoin ( ) and Ethereum ( ) account for nearly 49.7% and 16.1% respectively, reaching nearly $1.2 Trillion in Market Cap. BTC ETH CoinGecko boasts a registry of 12,665 coins, while CoinMarketCap records an extensive 2.2 million plus coins. With this ever-growing ecosystem of coins, investors can easily get confused and miss out on valuable, and potentially life-changing, assets. Cryptocurrencies other than Bitcoin, are generally referred to as “Altcoins”. Some popular altcoins include Ethereum, BNB, Tether, Solana, XRP, USDC, Cardano, Avalanche, Dogecoin, Chainlink, Tron, etc. Investing seems a challenging task at this point, but it’s pretty simple actually. Bitcoin is the father of Cryptocurrencies and the entire Crypto market Follows the Bitcoin Trail. If the price of Bitcoin goes 🔼, prices of Altcoins go 🔼 generally If the price of Bitcoin goes 🔽, prices of Altcoins go 🔽 generally Bitcoin (BTC) Bitcoin is the first cryptocurrency built on blockchain technology, also known as a decentralized digital currency that is based on cryptography. Unlike government-issued or generally termed fiat currency such as US Dollar or Indian Rupee (INR) which are controlled by the country’s central bank, Bitcoin can operate without the need of a central authority like a central bank or a company. This decentralized nature allows peer-to-peer (p2p) networks whereby users can send funds to each other without going through intermediaries. BTC is created as a reward to the miner who adds a block of transactions in the BTC blockchain. Currently, miners receive 6.25BTC for adding 1 block into the chain. This reward gets cut in half after every 4 years. This monetary policy is referred to as Bitcoin Halving or Halvening, an event that plays a pivotal role in maintaining the limited capped supply of the Bitcoin system at 21 million BTC. This is a Major Macro Trend in the Crypto ecosystem primarily because of Bitcoin's dominance, its immutable nature, and rigid architecture. Bitcoin’s Halving creates a supply crunch, while the demand for BTC is ever-growing as people learn more about this new technology,  the price of Bitcoin will have nowhere but to go up. Not to mention the looming Bitcoin ETF approvals in the USA, opening gates for institutional Cryptocurrency investments. After April 2024, the reward for mining Bitcoin will be reduced to 3.125 BTC per block from the current 6.25 BTC per block. Bitcoin Website: https://bitcoin.org/en/ Current circulating supply: . 19.62 million BTC Price at the time of writing: $46,947.17 How to Invest in Cryptocurrencies Trading and Investment aren’t the only ways to earn from crypto, but let’s discuss that some other time. I'll outline some fundamental considerations before starting your investment journey, but there is a wealth of additional factors to explore. Investment Amount This is a personal and financial decision, but let me simply this in 3 ways 2-10%: New To Crypto 10 - 50%: If you understand blockchain and crypto and know where you are investing 50-100%: Crypto Professional, but not advisable % is based on your total Investment Portfolio Selecting Assets Navigating the wide range of Assets to choose from it’s very difficult to study each one of them before investing, but with the new wave of social media marketing, you must do your due diligence before investing even a penny into anything. Here’s a simple formula for navigating the Crypto Market: DYOR about Blockchain and Crypto Invest in Big Market Cap Projects, mainly Bitcoin, Ethereum, and other Top10 cryptocurrencies by Market Cap Diversify your cryptocurrency portfolio with assets in the Top 100 by Market Cap Get involved in the expanding community Investing in projects where you contribute, and projects you identify can produce potential gains (short/ long term) Refer to and for deep insights on Cryptocurrency Market CoinMarketCap CoinGecko Diversify your Crypto Portfolio with Top10/ Top20 cryptocurrencies by Market Cap. Entry and Exit If you’re reading this before April 2024, you are at a golden point in time, where the crypto market is about to pump up in prices over the next 4-6 quarters. Make up your mind, decide on your strategy, and don’t let emotions play out. If you’re a beginner crypto investor, your best bet is to Dollar Cost Average (DCA) your investment. Just like a Systematic Investment Plan (SIP) in mutual funds, you can invest in your selected cryptocurrencies periodically to average out the buying cost. Crypto Index Funds are another structured option to look for, but as the space is still under rapid development, you might not find one so easily. and some other leading centralized exchanges offer such investment products. Binance Regularly monitoring your Investment is also a crucial part of the process. Occasionally we have seen projects like LUNA, FTX, etc which have lost their value in a matter of hours, entrapping investors and their capital. As Crypto lacks the guard rails of traditional financial systems, it’s up to individual investors to be smart and get regularly informed about the market and their investments. The most important aspect of Crypto Investment is “EXIT”. If you try to time the exit, it can be profitable, but chances are you’re gonna be stuck with Crypto Assets that can lose 90% of their value. was priced at around $200 in 2021, and it merely traded around $15 for most of 2023. Solana Again, it’s better to DCA your exit strategy rather than timing the top. It’s better to sell parts of your investment at a regular interval when the prices are appreciated and you’re bagging profit. You need to monitor the macro trends in the ecosystem to safeguard from high volatility. Some Metrics to watch out are: Fear and Greed Index 200 Week Moving Average Stock-to-Flow model Pi Cycle Top Indicator The Golden Ratio Multiplier To monitor the macro trends, tools like lookintoBitcoin, GlassNode, Messari, etc are quite helpful Remember to exit the market before BEAR run starts The Technology Stack Required for Crypto Investments Wallet There are plenty of crypto wallets providing a range of functionality and spectra of ownership. Not all crypto wallets let you own your assets. The majority of wallets are custodians, which owns the crypto assets on your behalf. Boom in mixed crypto wallets are on the rise, but I’ll explain 3 types of Wallets that are generally adopted: These are wallets that are connected to your email, phone, or some traditional web2 login methods. These wallets provide an easy on-ramp for users who want to buy assets from fiat currency but lack in providing ownership of assets to its users. These are centralized products and own the assets for you. Custodial Wallets: These wallets are part of blockchain systems, and lets you own your assets. Metamask and Trust Wallet are both pioneer wallets having a large user base. These wallets are created using a cryptographic Private-Public Key Pair. And a 12/24 word mnemonic phase is given to the user as a key while creating one. Hot Wallets: These are self-custody safe crypto wallets, used for holding a large number of cryptocurrencies for a very long period. These are the most secure form of wallets, providing maximum security from hacks and scams. Trezor and Ledger are pioneering projects in this sector. Cold Storage: There are smart-contract, Account Abstraction, MultiSig, and MPC wallets, but more about them in another article. There are a lot of things to consider before choosing your primary wallet, but generally, you’ll be using multiple wallets to manage your digital assets. I encourage you to use centralized products and gradually shift towards decentralized and secured products as you gain more knowledge and exposure to cryptocurrencies. Exchange Exchanges are platforms where buyers and sellers can meet to trade their assets. These are traditional Order Book Exchanges, maintained on traditional servers with a permissioned listing of crypto assets to be traded on the platform. Although these platforms bring ease in crypto financial features, BEWARE, you don’t hold your assets and most of these exchanges are not regulated by Governments, hence becomes an easy way for owners to get scammed. Centralized Exchanges: These are new and modern Automated Market Maker Exchanges, developed in the crypto ecosystem, to enable the financial markets without the need for central intermediaries. These are complex exchanges and are part of blockchain applications. Decentralized Exchanges: Although these platforms are hard to understand, they allow you to connect your crypto Wallet to trade the assets that you own. If you are new to the crypto space, start with Centralised Exchange. Choosing an exchange is the most important, as this will generally be a centralized exchange if you are coming from no crypto background. You’ll most likely be asked to do a KYC (Know Your Customer) to withdraw funds, but most exchanges are in tax-free countries and do not comply with state regulations, but there is no guarantee. Do your due diligence before selecting an exchange according to your location and preference. Products I use The World’s largest crypto exchange by trading volume, with $76 billion daily trading volume on the Binance exchange as of August 2022, and 90 million customers worldwide. Users can buy, sell, store their digital assets, as well as access to over 400 cryptocurrencies listed and thousands of trading pairs. but offers a wide range of financial applications under one roof including spot, options, futures, Bots, P2P, Copy trading, Earn, and more. Binance: Binance is a centralized exchange Crypto Asset Exchange with an established presence in India, Australia, and Singapore. Complies with the Indian government and offers only well-researched crypto assets to trade on the platform. Does not offer p2p trading, hence users need to connect their bank accounts to swap between platform money (INR) into fiat money. Zebpay: Leading Self-Custodial Wallet with a safe and simple way to access blockchain applications and web3. Pioneering decentralised crypto wallet which is a part of the blockchain network. You can buy, store, send, and swap tokens, explore blockchain apps and own your data. You can configure any EVM-compatible chain in the wallet with the same key and address, while also enabling multiple sub-accounts. Can be accessed through a browser extension, browser window, and mobile application for Android and iOS. Metamask: Some other products include Coinbase, Valora, Phantom Wallet, Trust Wallet, and Safe Wallet Final Thoughts Scams With the inception of Bitcoin in 2009, the crypto ecosystem is now 15 years old, and has grown exponentially, but still is unregulated and expects all users to be well informed by themselves rather than trusting someone, especially when it’s the case of money. Rug pulls and scams are very common in this space, and if you are not careful it can cause to total loss of your funds permanently. Cryptocurrencies are a relatively new asset class and pose a high-risk level. Where high risk comes with a high reward ratio, it also comes with a decreasing probability of success. Hence you can decrease that risk by investing with as much as information you can gather, and not just crypto but even about using fiat currency, stocks that you buy, houses you live in, or commodities you own. Learn About Money Interestingly, not a lot of people know what money is, and even less about what is the difference between money and currency. Our modern currency system is very simple but is made complex by design to keep the general public in the dark. If you wanna learn more about it, I refer you to “Hidden Secrets of Money” by Mike Maloney. A 10-episode documentary that felt no different than a drama web series to me. Our school systems do not have money in our curriculum yet our life depends on it. We spend most of our lives worrying bout it, working for it, saving it, spending it, even fighting, dying, or killing for it. It defines our social status and even compromises our morals. Learn as much as you can, and understand the race before start running. It’s not a 100-metre race, it’s a fucking Triathlon. Summary Understand the Cryptocurrency market, and learn about macro trends Bitcoin (BTC) and Ethereum (ETH) dominate the market Get started with crypto exchange and wallet products. Invest a small amount of your total investment portfolio Choose from Top10/ Top20 cryptocurrencies, including major portion for Bitcoin and Ethereum Start your systematic investment till bitcoin halving, buy the dips, DCA/ SIP Monitor your investment Create an Exit strategy Claim your profit. Enjoy your lambo! If you find this article interesting or have any questions, drop down a comment, and share this article with your family and friends. No point in being rich alone, when there’s no one to enjoy your success with!

Cryptocurrency Is Still the Investment Opportunity of the Decade

Choice Is Not the Enemy: Why Users Need More Options for Better Decision-Making

With the U.S. elections now behind us, we’re left to assess what the candidates stood for—and one surprising theme has been the push for Bitcoin and blockchain technology. Imagine a future where campaign promises aren’t just words but commitments you can actually track. This article explores how Bitcoin could be more than a campaign buzzword, giving voters a way to hold elected leaders accountable by offering a transparent look into fulfilling their promises. System for Registering Political Proposals Based on Bitcoin In the current landscape of blockchain technology, most systems for political proposals and voting have been developed on second and third-generation platforms that offer advanced features and flexibility. This trend has fostered the perception that Bitcoin’s network, with its steadfast focus on security and decentralization, is unsuitable for such applications. However, despite the deactivation of OP_CAT, there remains significant potential in Bitcoin’s base layer. By leveraging the OP_RETURN field, we can immutably record political proposals, enabling the creation of a system that not only promotes transparency and accountability but also highlights Bitcoin's disruptive role in the political realm. This approach challenges the notion that only newer blockchains can tackle issues like political proposals, revealing a unique opportunity to innovate within Bitcoin's ecosystem. To date, no formal system exists that registers proposals from politicians directly on Bitcoin (using the OP_RETURN field), although several attempts have been made to apply blockchain technology to improve transparency and accountability in politics. Projects like BitCongress aimed to use blockchain for voting and proposal registration, but they did not succeed. Others have explored the idea of making political campaigns more transparent or implementing voting systems on blockchain, but these efforts remain experimental. This leaves an open space for innovation, allowing for the creation of a system that immutably records political promises on Bitcoin. Below, we introduce the Political Proposal Recording System Based on Bitcoin (PPR-BTC), an approach that enables the recording and auditing of both campaign promises and expenses. Objective To record campaign promises and the expenses associated with campaign contributions on the Bitcoin blockchain, ensuring transparency and accountability from politicians. Key Components of the System: Proposal Registration in OP_RETURN: Political proposals are stored directly on the blockchain using the OP_RETURN field.
A summary of the proposal or a hash (SHA-256) of the complete proposal is registered if it is too lengthy.
Campaign Contributions: Each politician will have a specific Bitcoin address to receive campaign contributions.
Contributions are recorded on the blockchain via transactions with OP_RETURN, detailing the amount received (in the currency specified at the time of the transaction) and the purpose of the expenditure. This allows for clear tracking of how campaigns are financed.
Expense Registration: Every time a campaign-related expense is made, a new OP_RETURN transaction is created that describes the expenditure, the date, and the amount, as well as a receipt that can be a hash of the digital receipt.
This ensures that citizens can audit how the money raised for the campaign is being utilized.
Additionally, the UTXO system can be leveraged to accurately identify the coherence between specific contributions and expenditures. In this regard, the system has a clear advantage over the account or balance systems used by other blockchains like Ethereum.
Symbolic Voting with Bitcoin Addresses (optional): Two Bitcoin addresses are generated:
Address A: To vote that the politician has fulfilled the promise.
Address B: To vote that the politician has not fulfilled the promise.
Citizens can express their opinion by sending small amounts of Bitcoin (satoshis) to the address representing their stance.
Proposal Modifications (optional): The spirit of the system should not contemplate the possibility of modifications. In fact, Bitcoin does not allow it, even if desired. If a politician fails to fulfill a proposal, they simply do not fulfill it.
However, if an alternative is sought and a politician wishes to update their proposal, a new transaction can be registered referencing the original in the OP_RETURN. This creates an immutable chain of promises and modifications, ensuring that the history of proposals is clear and accessible. Advantages of the System: Total Transparency: Promises and expenses are recorded on the blockchain, providing an unprecedented level of trust and auditability.
Accountability: Citizens can see how campaign funds are being used.
Citizen Participation: Citizens can express their opinions on the fulfillment of promises through a simple voting system on the blockchain. Disadvantages of the System: Proposal Size: The 80-byte limitation in OP_RETURN restricts the amount of information that can be recorded directly.
Transaction Costs: Each transaction incurs a cost on the Bitcoin network, which could increase with multiple modifications or expenses. Technical Considerations: Access Control: Implement a verification system so that only verified accounts can register proposals.
User-Friendly Interfaces: Create a platform that translates transactions on the blockchain into an accessible format for citizens, allowing for easy verification of proposals and expenses.
BIP-420 or Similar: If the option OP_CAT were to be re-enabled, we could concatenate strings and significantly expand the possibilities of PPR-BTC, including the ability to introduce basic smart contracts. Conclusion The possibility of integrating Bitcoin into the political sphere, especially for recording and verifying electoral promises, represents a profound transformation in the way citizens interact with their leaders. By utilizing the immutability and transparency offered by the blockchain, a system is created in which political promises can no longer fade into thin air. Bitcoin not only acts as a crypto asset, but its robustness serves as a tool for accountability. The Bitcoin-Based Political Proposal Registration System ensures that voters can track every word from politicians and provides an auditable and decentralized mechanism to guarantee that campaign funds are used transparently. The immutability of transactions on Bitcoin, combined with precise tracking of contributions and campaign expenses, sets a new standard for transparency and accountability in politics. Although the OP_RETURN field currently limits the amount of information that can be recorded, the reactivation of OP_CAT—a feature that would allow data concatenation in Bitcoin—would further facilitate the management of more complex information, opening the door to smart contracts and expanding the scope of political proposal registration. This would enhance the system's ability to incorporate even more details and make political promises clearer and more traceable. Bitcoin not only ensures economic value; it guarantees promises. What is recorded on its blockchain remains forever, forcing politicians to fulfill what they promise or face the reality that their commitments will not be forgotten or erased. This new era of transparency could be the necessary impetus to restore trust in the democratic process, especially for those candidates who use Bitcoin in their campaigns merely as a marketing hook, seeking to attract new niches of enthusiastic voters but then fail to deliver on their promises. Now more than ever: Don’t trust, verify. With the U.S. elections now behind us, we’re left to assess what the candidates stood for—and one surprising theme has been the push for Bitcoin and blockchain technology. Imagine a future where campaign promises aren’t just words but commitments you can actually track. This article explores how Bitcoin could be more than a campaign buzzword, giving voters a way to hold elected leaders accountable by offering a transparent look into fulfilling their promises. System for Registering Political Proposals Based on Bitcoin In the current landscape of blockchain technology, most systems for political proposals and voting have been developed on second and third-generation platforms that offer advanced features and flexibility. This trend has fostered the perception that Bitcoin’s network, with its steadfast focus on security and decentralization, is unsuitable for such applications. However, despite the deactivation of OP_CAT, there remains significant potential in Bitcoin’s base layer. By leveraging the OP_RETURN field, we can immutably record political proposals, enabling the creation of a system that not only promotes transparency and accountability but also highlights Bitcoin's disruptive role in the political realm. This approach challenges the notion that only newer blockchains can tackle issues like political proposals, revealing a unique opportunity to innovate within Bitcoin's ecosystem. To date, no formal system exists that registers proposals from politicians directly on Bitcoin (using the OP_RETURN field), although several attempts have been made to apply blockchain technology to improve transparency and accountability in politics. Projects like BitCongress aimed to use blockchain for voting and proposal registration, but they did not succeed. Others have explored the idea of making political campaigns more transparent or implementing voting systems on blockchain, but these efforts remain experimental. This leaves an open space for innovation, allowing for the creation of a system that immutably records political promises on Bitcoin. Below, we introduce the Political Proposal Recording System Based on Bitcoin (PPR-BTC) , an approach that enables the recording and auditing of both campaign promises and expenses. Political Proposal Recording System Based on Bitcoin (PPR-BTC) Objective Objective To record campaign promises and the expenses associated with campaign contributions on the Bitcoin blockchain, ensuring transparency and accountability from politicians. Key Components of the System: Key Components of the System: Proposal Registration in OP_RETURN: Political proposals are stored directly on the blockchain using the OP_RETURN field. A summary of the proposal or a hash (SHA-256) of the complete proposal is registered if it is too lengthy. Campaign Contributions: Each politician will have a specific Bitcoin address to receive campaign contributions. Contributions are recorded on the blockchain via transactions with OP_RETURN, detailing the amount received (in the currency specified at the time of the transaction) and the purpose of the expenditure. This allows for clear tracking of how campaigns are financed. Expense Registration: Every time a campaign-related expense is made, a new OP_RETURN transaction is created that describes the expenditure, the date, and the amount, as well as a receipt that can be a hash of the digital receipt. This ensures that citizens can audit how the money raised for the campaign is being utilized. Additionally, the UTXO system can be leveraged to accurately identify the coherence between specific contributions and expenditures. In this regard, the system has a clear advantage over the account or balance systems used by other blockchains like Ethereum. Symbolic Voting with Bitcoin Addresses (optional): Two Bitcoin addresses are generated: Address A: To vote that the politician has fulfilled the promise. Address B: To vote that the politician has not fulfilled the promise. Citizens can express their opinion by sending small amounts of Bitcoin (satoshis) to the address representing their stance. Proposal Modifications (optional): The spirit of the system should not contemplate the possibility of modifications. In fact, Bitcoin does not allow it, even if desired. If a politician fails to fulfill a proposal, they simply do not fulfill it. However, if an alternative is sought and a politician wishes to update their proposal, a new transaction can be registered referencing the original in the OP_RETURN. This creates an immutable chain of promises and modifications, ensuring that the history of proposals is clear and accessible. Proposal Registration in OP_RETURN: Political proposals are stored directly on the blockchain using the OP_RETURN field. A summary of the proposal or a hash (SHA-256) of the complete proposal is registered if it is too lengthy. Campaign Contributions: Each politician will have a specific Bitcoin address to receive campaign contributions. Contributions are recorded on the blockchain via transactions with OP_RETURN, detailing the amount received (in the currency specified at the time of the transaction) and the purpose of the expenditure. This allows for clear tracking of how campaigns are financed. Expense Registration: Every time a campaign-related expense is made, a new OP_RETURN transaction is created that describes the expenditure, the date, and the amount, as well as a receipt that can be a hash of the digital receipt. This ensures that citizens can audit how the money raised for the campaign is being utilized. Additionally, the UTXO system can be leveraged to accurately identify the coherence between specific contributions and expenditures. In this regard, the system has a clear advantage over the account or balance systems used by other blockchains like Ethereum. Symbolic Voting with Bitcoin Addresses (optional): Two Bitcoin addresses are generated: Address A: To vote that the politician has fulfilled the promise. Address B: To vote that the politician has not fulfilled the promise. Citizens can express their opinion by sending small amounts of Bitcoin (satoshis) to the address representing their stance. Proposal Modifications (optional): The spirit of the system should not contemplate the possibility of modifications. In fact, Bitcoin does not allow it, even if desired. If a politician fails to fulfill a proposal, they simply do not fulfill it. However, if an alternative is sought and a politician wishes to update their proposal, a new transaction can be registered referencing the original in the OP_RETURN. This creates an immutable chain of promises and modifications, ensuring that the history of proposals is clear and accessible. Advantages of the System: Advantages of the System: Total Transparency: Promises and expenses are recorded on the blockchain, providing an unprecedented level of trust and auditability. Accountability: Citizens can see how campaign funds are being used. Citizen Participation: Citizens can express their opinions on the fulfillment of promises through a simple voting system on the blockchain. Total Transparency: Promises and expenses are recorded on the blockchain, providing an unprecedented level of trust and auditability. Total Transparency: Accountability: Citizens can see how campaign funds are being used. Accountability: Citizen Participation: Citizens can express their opinions on the fulfillment of promises through a simple voting system on the blockchain. Citizen Participation: Disadvantages of the System: Disadvantages of the System: Proposal Size: The 80-byte limitation in OP_RETURN restricts the amount of information that can be recorded directly. Transaction Costs: Each transaction incurs a cost on the Bitcoin network, which could increase with multiple modifications or expenses. Proposal Size: The 80-byte limitation in OP_RETURN restricts the amount of information that can be recorded directly. Proposal Size: Transaction Costs: Each transaction incurs a cost on the Bitcoin network, which could increase with multiple modifications or expenses. Transaction Costs: Technical Considerations: Technical Considerations: Access Control: Implement a verification system so that only verified accounts can register proposals. User-Friendly Interfaces: Create a platform that translates transactions on the blockchain into an accessible format for citizens, allowing for easy verification of proposals and expenses. BIP-420 or Similar: If the option OP_CAT were to be re-enabled, we could concatenate strings and significantly expand the possibilities of PPR-BTC, including the ability to introduce basic smart contracts. Access Control: Implement a verification system so that only verified accounts can register proposals. Access Control: User-Friendly Interfaces: Create a platform that translates transactions on the blockchain into an accessible format for citizens, allowing for easy verification of proposals and expenses. User-Friendly Interfaces: BIP-420 or Similar: If the option OP_CAT were to be re-enabled, we could concatenate strings and significantly expand the possibilities of PPR-BTC, including the ability to introduce basic smart contracts. BIP-420 or Similar: Conclusion Conclusion The possibility of integrating Bitcoin into the political sphere, especially for recording and verifying electoral promises, represents a profound transformation in the way citizens interact with their leaders. By utilizing the immutability and transparency offered by the blockchain, a system is created in which political promises can no longer fade into thin air. Bitcoin not only acts as a crypto asset, but its robustness serves as a tool for accountability. The Bitcoin-Based Political Proposal Registration System ensures that voters can track every word from politicians and provides an auditable and decentralized mechanism to guarantee that campaign funds are used transparently. The immutability of transactions on Bitcoin, combined with precise tracking of contributions and campaign expenses, sets a new standard for transparency and accountability in politics. Although the OP_RETURN field currently limits the amount of information that can be recorded, the reactivation of OP_CAT—a feature that would allow data concatenation in Bitcoin—would further facilitate the management of more complex information, opening the door to smart contracts and expanding the scope of political proposal registration. This would enhance the system's ability to incorporate even more details and make political promises clearer and more traceable. Bitcoin not only ensures economic value; it guarantees promises. What is recorded on its blockchain remains forever, forcing politicians to fulfill what they promise or face the reality that their commitments will not be forgotten or erased. This new era of transparency could be the necessary impetus to restore trust in the democratic process, especially for those candidates who use Bitcoin in their campaigns merely as a marketing hook, seeking to attract new niches of enthusiastic voters but then fail to deliver on their promises. Now more than ever: Don’t trust, verify. Don’t trust, verify.

Can Bitcoin Hold Politicians to Their Promises?

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