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Cindicator. Why are we excited about its future and why you should take a note?

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There are few projects out there that have great use case for blockchain.  And very few that have use case for their tokens.

Cindicator meets use case for both blockchain and the tokens.

This project has been on our radar since its ICO stage.  The way the ICO was handled without pulling a pre-sale bull and giving opportunity to as many contributors as possible set this project in the right rhythm from the get go.

They run monthly contests for people to share their knowledge, as of this writing, there were 100,000 contributors on Cindicator platform.

How does Cindicator predict the future?

Cindicator gets its name from Crowd Indicator.  At the time of this writing, there are three layers that are fed into the Cindicator engine.

Human contributors are the first base layer of the Cindicator machine.  People, like you and me, can join the forces with 100000s of contributors by downloading the app and answering the questions that are posed on the app.  Based on the accuracy of your predictions you will get points and rewards during each cycle.

The data from these contributors is then clustered into various categories.

Second layer involves applying linear regression models to the data that is categorized from first layer.  There are about 20 models running at this time.

Neural network forms the third layer which works on top of the 20 models from the second layer.  Neural network continues to learn from the data that is spit out of these models and then apply machine learning (AI) that quickly sorts the accuracy.

Each prediction is compared against the result.  This information is then fed back into second layer and third layer to further the learning of the system.

A perfect meaning of hybrid intelligence, amalgamation of human intelligence, mathematics and AI based machine learning is what makes Cindicator unique.

How accurate is it?

We have to understand that Cindicator is still in early stages of collecting and collating data, algorithm is evolving each day and the neural network is just getting into gear.  Even in such an infancy, they had an average accuracy of (Between January 2017 and June 2017) over 49%.  Remember, June 2017 was about a year ago.  They are continuously updating the platform and adjusting it for the changing complexities and variables.

The predictive analysis tools that Wallstreet uses costs billions (yes, billions) and only spits out 40% accuracy.  Funny thing is, access to such information is centralized and is kept with big players only.  Cindicator is completely decentralized and gives access to data to token holders.

Rare access to Wall Street money

Recently, Cindicator announced that their CTO will be speaking at Tedx Fidelity event in Hong Kong.   While at the event, Yuri is scheduled to talk to the senior management at Fidelity.

This hints to what might be ahead of Cindicator.  As the Wallstreet players set their foot into crypto space, Cindicator will play a very vital role for these deep pockets.

While no one has ever even hinted or thought about this, we will go out of our limb and say Cindicator maybe one of the projects that could potentially be taken over by a big player and try to make its access more centralized.  Even if those that acquire Cindicator don’t centralize, if they can buy out the token holders one by one, there will be few that have access to the intelligence that Cindicator can offer and those that manage to keep their access may benefit along the lines of big players.  Of course, this is pure speculation from us, but it is not a stretch IF Cindicator delivers on their plans and emerges as the leader in the AI enabled predictive analysis space.

How does the Cindicator token gain value?

Cindicator offers access to the amazing market intelligence data based on number of tokens one holds.  These plans include:

A special mention is needed for Cryptometer 2.2: “The Cryptometer 2.2 measures prices across multiple exchanges to anticipate and detect early signs of cryptocurrency market volatility and provides you with real-time price movements on your selected crypto assets.”  Cryptometer 2.2 requires 1 million tokens and will be amazing tool to have at the disposal of those that are dealing in millions or even billions in crypto space or traditional stock space.

While there are 1.4Billion tokens in total, when the platform gains popularity, there will be so much demand to gain access to the predictive data that getting hands on token could prove rather expensive.

For instance, if we assume all the 1.4Billion are used up by each package then there can be only 280,000 Beginner packages (5000 tokens required) OR 46,667 Explorer packages (30,000 tokens required) OR 7000 Trader packages (200,000 tokens required) OR 2000 Expert packages (700,000 tokens required) OR 1400 Cryptometer 2.0 packages (1 Million tokens required) that can exist.  These are elite numbers when you consider how many individuals are already in crypto space and how many more will join this in the coming years.

If Cindicator’s predictions achieve more than 50% overall accuracy rates, these limited seats could create exponential demand for Cindicator tokens.

Where is Cindicator headed?

Once Cindicator achieves a reliable and consistent predictive analysis stature, they will introduce a direct trading integration on the Cindicator platform.  To be fair, this feature is already available for Cryptometer 2.0 token holders.

Imagine a time when a platform that can predict 50-70% or more accuracy starts auto-trading your funds and it wins most of the time.  It is like putting $1000 on auto-pilot and coming back to see that your funds have multiplied manifold in a matter of month.

Hypothetically, if you are given access to a platform that can turn your $1000 into $100,000 in a year, how much are you willing to pay for such access?  What if you are sitting on a billion dollars and want to throw a million to experiment with such a platform?

Think about those questions because those would be real questions that people and big players will be asking themselves in a very near future.  When that happens, things will get quite exciting for Cindicator in our opinion.

Of course, we are not saying this will happen today or not even in a year but it looks like a matter of ‘when’ rather than if, for Cindicator.

Caveat and conclusion

Of course, anything can happen in the crypto space.  There can come a project that is backed by a Fortune 500 giant with direct access to Wallstreet and unlimited resources and throw Cindicator out of water.  Or, their algorithm may be made redundant and is not as accurate as we thought it would be.    These and other risks that we may have not thought of might exist which could prove detrimental to Cindicator.

However, barring those pessimistic probabilities, we are pretty excited for Cindicator and the promise of bright future it holds in crypto space.

Whitepaper: https://cindicator.com/Cindicator_WhitePaper_en.pdf

App (iOS): https://itunes.apple.com/us/app/cindicator-earn-money-by-predicting/id1050619919

App (Android): https://play.google.com/store/apps/details?id=com.cindicator

Web Application: https://app.cindicator.com/

Buy upto price: Available at QRIP.  Access FB group to view.

The HODL period:  Available at QRIP.  Access FB group to view.

Anticipated gains: Available at QRIP. Access FB group to view.

CryptoTapas is an initiative of creators of QRIP group.  QRIP group is FREE to join.

Do your own research before investing. Crypto space is very volatile, don’t invest more than what you can afford to lose.  Opinion, not an advice.

Stay in touch with us at: | |

Sources:

https://cindicator.com/

https://www.youtube.com/watch?v=jvGcgpraPXU&utm_campaign=website&utm_source=Email&utm_medium=email

CryptoSpace

Transforming Data Center Infrastructure With Blockchain

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Blockchain Infrastructure

Cryptocurrency – just hearing the name – can spark discussion topics on how innovative and controversial it is. However, nowadays, there seems to be a consensus that blockchain – the technological backbone of every form of cryptocurrency – is the former. The latter part of the discussion comes from the fact that cryptocurrency is still new, and needs more improvement, before it can actually be considered a wildly-accepted type of commercial (public) currency.

On the bright side, companies like Google and Goldman Sachs have already started to invest in various blockchain firms. And, it’s expected that sometime in the future, more big-name companies will follow suit, if cryptocurrency succeeds. Therefore, data centers and cloud hosting services must be ready to serve these new blockchain-based companies, as well as their needs, in the coming years.

So, you may be wondering: How did we get here? 

How Did It Start?

Modern blockchain started in 2008 with Bitcoin, which is a peer-to-peer Electronic Cash System. This white paper was a form of cryptocurrency that could live on a distributed network without any centralized authority; and blockchain is the technical backbone of that system, or a distributed digital ledger or database for it. No central authority will be able to manipulate the blockchain, since the whole network contributes to its creation and maintenance.

How It Works

In blockchain, two parties will make a transaction, to which they advertise it to the network. Then, various network nodes pick up multiple transactions, and arrange them into blocks. Afterwards, miners will use computers to add this block to the ledger (or blockchain).

Now, in order to add these blocks to the blockchain, the task requires a lot of computing power. Why? Because each of these blocks come with a sort of attached mathematical puzzle. And, to solve these puzzles, they need computing resources. But don’t worry: these puzzles are what miners are interested in, because they’re usually rewarded with tokens, just for adding a block to the blockchain.

Before the existence of blockchain though, business transaction would’ve been made through a trusted third-party company (i.e. a bank or a government institution), in order to guarantee the integrity of a transaction between two parties. However, blockchain eliminates that need by opening up the possibility for business transactions between parties worldwide, without the need for any financial or government institutions to step in. 

What Blockchain Means For GPUs

The need for blockchain means elevated demand for graphical processing units (or GPUs). As blockchain calculates, miners will have to provide enough computing power for it. And, as cryptocurrencies and blockchain-based applications become more popular, the higher the demand for computing power. That’s where GPUs come in, since blockchain-based calculations are best performed on these units. 

Data centers and cloud-hosting services will also have to look into AMD and NVIDIA graphics cards, in order to better serve the blockchain market; however, these graphics cards can be pricey. And, they’ll have to better optimize their infrastructure to be GPU-compatible.

Concerns?

The most controversy that cryptocurrency has faced is its vulnerability to possible hacking schemes. One can argue that there are major concerns about blockchain hackers taking – or planning to take – advantage of the fact that cryptocurrency doesn’t have enough protection yet to sustain itself, in case of a security breach that can cost millions.

Concerns on cybersecurity for data centers, in that case, seems to have spawned from cryptocurrency market’s promise of immense riches and overnight successes, to where anyone – including bad actors and hackers – will create an ever-growing threat in the cyber realm.

“One example of hacking of cryptocurrency was in January of 2018, when hackers were able to steal more than $500 million (or £380 million) worth of cryptocurrency from the Tokyo-based cryptocurrency exchange Coincheck,” adds Barnard. “Thus, that story, to this day, serves as a warning to what can happen, if cryptocurrency is unchecked. And, this story has many people concerned about whether cryptocurrency is safe to invest in or not.”

Conclusion

As you can see, data centers will have to go above and beyond to better accommodate the growing trend of cryptocurrency. And, to do so, they’ll need a good functioning digital infrastructure, to handle blockchain systems and increasing data processing demands.

This need for the right data center infrastructure is also increasing, since blockchain is expected to greatly impact the following:

  • Finance
  • Healthcare
  • Government
  • Transportation
  • Manufacturing
  • Medicine
  • Logistics
  • Other various industries 

Thus, it’s absolutely necessary for data center service providers to stay competitive, when it comes to such changes in technology, including blockchain. Ultimately, with an up-to-date infrastructure for blockchain to work on, data centers will be able to be sustainable, regardless of any changes and or developments made in the tech world for many years to come.

Author’s Bio: Katherine Rundell is a writer and editor at UK Writings and Academized. In her spare time, she likes to travel to different states, give special talks in various business training courses, read her favorite books (ranging in different genres).

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

 

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5 Best Crypto Movies To Learn Crypto From

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Crypto Movies

Bitcoin has been around for 10 years. As a result, there are many people who will keep tabs on it and cheer for its modern successes. So today, we want to celebrate along with crypto fans by bringing you a fun article about the topic.

If you thought that cryptocurrency is all business, business, business – well, in actuality, crypto has also made its way into cinema. Yes, in this article, we’ll show you the 5 best movies that involve Bitcoin, crypto, and blockchain. And, the good news is, you don’t have to read really long articles that talk about crypto, when you can watch a fun movie instead!

So if you want to gain a bigger understanding on what Bitcoin is, and why it’s so important in today’s world… or if you want to educate others on why Bitcoin is NOT something out of a science fiction movie (no pun intended), then check out these 5 great movies.

Cryptopia: Bitcoin, Blockchains And The Future Of The Internet (2020)

Cryptopia Bitcoin Blockchains and the Future of the InternetCryptopia is an ideal film for novice cryptocurrency people. So, if you’re a newbie in the crypto world, or want to brush up on your crypto skills, then check out this documentary. 

This film is a deep-dive into the crypto world, and it doesn’t shy away from explaining the good things about crypto, as well as the negative parts of it. Yes, crypto can be both a Godsend and a curse, depending on how you look at the narratives you’ll listen you in the documentary. In hindsight, the movie will explore the story of bitcoin, and how it has managed to evolve through the years with its ongoing promises that crypto is “the future.”

So, whether you’re a skeptic, or you want to learn more about crypto, you’ll get to see both sides of the debate – as a better alternative to regular currency in the future, or a financial disaster in the making. Either way, this documentary will answer any questions that you might have about crypto.

The Rise And Rise Of Bitcoin (2014)

The Rise and Rise of BitcoinEver wondered how cryptocurrency became a thing? Then check out The Rise and Rise of Bitcoin! The film covers the stories of some of the early adopters of Bitcoin, including Gavin Andresen who was famous for communicating directly with Satoshi Nakamoto to help him create better technology. (By the way, Nakamoto is mostly famous for authoring the Bitcoin white paper, and for devising the first blockchain database.

Overall, this movie was one of the major productions to cover the main points, in regards to how Bitcoin and its assets were created to begin with.

The Second Target (2019)

The Second TargetThe Second Target was written by Graham Holliday, and stars Athen Walton. The movie follows a group of local crypto thieves now having their eyes set on their latest target. They kidnap a detective they think is on their case, but end up kidnapping the wrong guy. To make matters worse, the son of the kidnapped man teams up with a stranger, and they plot to stop the thieves’ second heist and save the kidnapped man.

While you’ll be immersed in the action, you’ll be learning the basics of what crypto is.

Trust Machine: The Story Of Blockchain (2018)

Trust Machine understands that almost a decade has passed, since the crypto world has transformed things. Since its existence came to be, many different cryptocurrencies have been created, with a small percentage of them expected to stand the test of time after the dust settles. While some people are still skeptical about the concept of cryptocurrencies, there are some parts of the world where people actually use cryptocurrencies as a way to buy things. However, other places have faced significant problems, as a result of exchanging goods with crypto within the industry.

Crypto (2019)

Crypto MovieCrypto, despite its panning from critics, has garnered somewhat of a fanbase. With a stellar star cast like Alexis Bledel, Luke Hemsworth, and Jeremie Harris, it’s hard to not see this movie. And, with a thriving fanbase, this movie is not only for movie fans, but also for crypto fans. 

The story follows an anti-money laundering agent (Beau Knaff) who reunites with an old friend who’s now into mining cryptocurrency. Now, with a potato farm being on the verge of being repossessed, the two soon investigate a gallery, which may be tied into a multi-million-dollar money laundering scheme. 

It’s action-packed, and it has you cheering for the protagonists as you follow the story from beginning to end.

BONUS: Throwback Movie – Inside Job (2010)

Now, while the film doesn’t directly involve Bitcoin or blockchain, it’s a good appetizer for learning what they are. And, it’s a must-watch!

Inside Job covers the actions that made Bitcoin a household name in the first place. The movie sells the concept as a type of currency that can’t be manipulated, controlled, or corrupted by any government. 

However, the main topic of the documentary involves the late-2000s financial crisis. In 5 parts, the film will cover how changes in the policy environment and banking practices only added more fuel to the fire, rather than stop the crisis in its tracks. 

Critically acclaimed, and winning an Academy Award for Best Documentary, Inside Job will have you on the edge of your seat, as it takes you through the financial crash. All information in this documentary, as well as its controversial topic, are understandable for most audiences, regardless if you know about cryptocurrency or not. 

Conclusion

So, there you have it! That was our list of movies to check out, if you’re in the mood for learning about cryptocurrency. If you want to go down the rabbit hole about the topic, or if you’re in the mood for something different than your usual shows and movies, then head over to Netflix, online, or anywhere where movies are sold, and check out our picks on the best movies about crypto.

We hoped you enjoyed our list, and made it a movie night tonight! As you’ll see in these selected films, they’ll show you how cryptocurrency has changed people’s lives in so many ways than one, and has no plans of stopping. So, get out your popcorn, and take some good notes about crypto! 

Author Bio:

Kristin Herman is a writer and editor at Best essay writers. As a marketing writer, she blogs about the latest trends in digital marketing. In her spare time, she coaches up-and-coming marketers on how to perfect their advertising practices in the ever-evolving market.

For movie crypto movies: Crypto Movie Database

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

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CryptoSpace

Cryptocurrency Market Wrap

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Crypto news

Cryptocurrency news

Bitcoin hits a new all-time high.

Bitcoin just hit a new all-time high, surpassing the last all-time high of $19,783.21 on Dec. 18, 2017.

According to coingecko Bitcoin hit $19,860 on Nov 30, 2020.


Bitcoin’s attracts Mainstream media

As bitcoin hits its new all-time high, the mainstream media, The New York Times steps forward to cover the news and calls this time the rise is very less of a bubble this time around.


Bitfinex hackers move 5000 BTC in the midst of new highs

The hackers of Bitfinex who stole 119,756 BTC back in August 2016 have just moved 5045 BTC, worth $97 Million, to various addresses as the bitcoin prices reach all-time high since 2017.

A total of 14 transactions were sent as caught by btcparser.com


Venezuelan army turns to Bitcoin mining operations to overcome the country’s failing economy.

“Digital Assets Production Center of the Bolivarian Army of Venezuela” was inaugurated by the Venezuelan army.


No power supply to crypto miners in Yunnan province.

According to the Chinese crypto reporter Colin Wu, most of the miners have reported  that the authorities have passed the orders to shut the power being supplied to the Crypto Miners in Yunnan, which happens to be the third largest mining province in china.


Winklevoss twins on CNBC said that bitcoin is Gold 2.0, and it could disrupt gold.  When BTC reaches Gold’s market cap of $9 trillion each BTC will be worth $500,000.


Michael Sonnenshein, managing partner at Grayscale, says many public companies are adding bitcoin to their balance sheet.

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

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