- zone of main interest in BTC - $18,000 strike (put/call ratio = 0.6)
- zone of main interest in ETH - $1,400 strike (put/call ratio = 0.26)
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#ASKLIVE broadcast "ANSWERING QUESTIONS FROM RELICTUM COMMUNITY" from 30.12.2022!
👋 Dear Relictum community,
This is a recording of the broadcast dated December 30, 2022, where you will find answers to the most relevant questions:
➡️ https://youtu.be/Y2TFJ3A7-RA
WHAT SHOULD YOU DO?
Ask your questions 👉 in the chat with #asklive hashtag, and we will answer them live!
💫 The Relictum team is interested in a productive dialogue with the community in order to make our product better with each next step, based on your feedback!
👉 Ask your questions in the chat, and we will answer them this Wednesday and share important information about the project!
👋 Dear Relictum community,
This is a recording of the broadcast dated December 30, 2022, where you will find answers to the most relevant questions:
➡️ https://youtu.be/Y2TFJ3A7-RA
WHAT SHOULD YOU DO?
Ask your questions 👉 in the chat with #asklive hashtag, and we will answer them live!
💫 The Relictum team is interested in a productive dialogue with the community in order to make our product better with each next step, based on your feedback!
👉 Ask your questions in the chat, and we will answer them this Wednesday and share important information about the project!
YouTube
#ASKLIVE ANSWERING QUESTIONS FROM RELICTUM COMMUNITY | 30.12.2022!
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Relictum Pro – Report on activities in 2022
🔝 The outgoing year has been very productive for us. We have completed the development of a reliable basis for further development – a fully-functional blockchain network.
🔆 Now Relictum PRO has become a complete Web 3.0 ecosystem. We have done a lot of work, the results of which one can notice now, or will notice in the near future:
➡️ Read full report
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Dear Relictum Pro Community!
Best regards,
Relictum Pro Team
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Dear Relictum Ecosystem Community!
🔥 On January 1, 375,000,000 GTN tokens have been burnt!
✅ Hash of the burning transaction:
https://relictum.pro/explorer/main/view/transactions/63fd601050211c39a5ff70049b3cd6c9ef21ea90b81a80b4f664fba60104ca44
🔥 Next burn April 1, 2023
Stay with us, we will keep you informed about the most important events in our ecosystem.
Sincerely yours,
Relictum Ecosystem team
#Relictum_Blockchain #Relictum_Ecosystem
🔥 On January 1, 375,000,000 GTN tokens have been burnt!
✅ Hash of the burning transaction:
https://relictum.pro/explorer/main/view/transactions/63fd601050211c39a5ff70049b3cd6c9ef21ea90b81a80b4f664fba60104ca44
🔥 Next burn April 1, 2023
Stay with us, we will keep you informed about the most important events in our ecosystem.
Sincerely yours,
Relictum Ecosystem team
#Relictum_Blockchain #Relictum_Ecosystem
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Dear Relictum Pro Community,
What should you do?
1. Click on the link to Relictum Explorer.
2. Start using the Relictum Explorer features in random order: click on all buttons, set various parameters, use search fields, check the convenience of the form and button layout, etc.
3. Enter the detected bugs, suggestions, and offers for improvement into the Google form before January 14.
Sincerely,
Relictum Pro team.
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Dear Relictum Pro Community!
We invite you to watch the video:
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YouTube
$GTN token | Relictum Pro
#relictumblockchain RelictumPro RelictumEcosystem
$GTN is a digital asset created on the basis of the Relictum PRO blockchain network. Genesis Tokens are tokens that express the intellectual property (IP) right of Relictum Pro network code issued in the…
$GTN is a digital asset created on the basis of the Relictum PRO blockchain network. Genesis Tokens are tokens that express the intellectual property (IP) right of Relictum Pro network code issued in the…
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DeFi. Advantages of decentralization. Part 1/2
👁 Decentralization is not just about democracy and empowerment of users, it is also about guarantee of security! We would like to explain in this article why we are committed to decentralization and what its advantages are.
🌈 The mission of DeFi is to eliminate centralized intermediaries in financial transactions, whether it be an exchange, insurance, or loan payment. The very term “decentralization” captures the idea behind this phenomenon: when users make transactions by transferring assets peer to peer (p2p transactions), and the third party is not another individual who can cheat or make mistakes, but rather an automated system. A decentralized system cannot be influenced by any individual or a group, and this prevents any unauthorized interference.
🔘 DeFi is evolving, and a need for new technologies such as cross-chain emerges as it develops. DeFi was initially launched as a system on the Ethereum blockchain. Later, the technology scaled up and went beyond a single blockchain, embedding into blockchains with different structures.
⏺ It had the properties of a single chain first (a system operating within the same blockchain), but later it became a multi-chain (able to operate on different blockchains).
💬 Cross-chain is the next stage of development, which allows not only to transfer assets between blockchains, but to send one asset in one blockchain and receive another asset in another blockchain.
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DeFi. Advantages of decentralization. Part 2/2
👁 Speaking about cross-chain in the context of DeFi, it must be mentioned that the more decentralized the system, the more reliable it is! The same applies to blockchains: the more decentralized and therefore secure they are, the more difficult they are to manipulate. In professional language, more decentralized blockchains are called anti-fragile. They are less prone to failures that sometimes occur in centralized systems.
🤬 2022 was marked by many financial shocks, the most notorious being connected with FTX, which caused a number of other collapses: the failure of Three Arrows Capital, one of the oldest crypto funds, and the failure of the Celsius Network project, an institutional centralized lending protocol that was closely associated with the issuer of the UCDT Tether stable coin. They were all centralized, related to each other, but failed, falling apart one after another like dominoes.
🙂 This is another advantage of decentralization: the more truly decentralized projects on the market, the more resilient and antifragile each of them is! Despite their close relationship, the risks of cascading collapse are reduced.
🤓 The conclusion is that decentralization contributes to greater project security, in the first place. Secondly, it reduces the risk of its failure. Thirdly, it positively influences the security of other related projects on the market!
What other advantages of decentralization do you know?
What other advantages of decentralization do you know?
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Dear Relictum Pro Community,
⚖️ The Relictum Pro team strives to decentralize a decision-making process and primarily focuses on the comments and feedback of our community.
🔑 Right now we are considering the implementation of reusable private keys for the Relictum Node app, which will allow to use the key more than once.
👉 Please fill in the poll below to decide on the need to implement reusable private keys for the Relictum Node app.
⚖️ The Relictum Pro team strives to decentralize a decision-making process and primarily focuses on the comments and feedback of our community.
🔑 Right now we are considering the implementation of reusable private keys for the Relictum Node app, which will allow to use the key more than once.
👉 Please fill in the poll below to decide on the need to implement reusable private keys for the Relictum Node app.
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Is the implementation of reusable private keys requires for a Relictum Node app?
Anonymous Poll
26%
Yes
74%
No
What is cybersecurity?
💡 Cybersecurity is a term describing the concept of digital asset security. It is a set of measures that secure an information system from threats to data and information within the system while keeping them accessible.
📞 In other words, when saving the work report, we can't make it hard to access, as it will affect the workflow due to the negative approach to over-security. Cyberthreats can take various forms such as cyberattacks, data theft, data modification, etc.
Why is cybersecurity important?
🟠 There are many reasons why cybersecurity is one of the most important concepts nowadays.
🌍 First of all, most people and organizations store important information and data on their devices with access to the Internet at the moment. Such information may include bank details, personal photos and documents, as well as important work-related files. If unauthorized persons gain access to this information, they can compromise its confidentiality and security.
⌨️ Besides, a hacker attack on a computer system can cause damages or operation failure. This can reduce operation efficiency and cause time and money losses. It can also damage the reputation of an individual or organization under attack and lead to criminal penalties.
🛡 Cybersecurity comes into play to protect our computer systems and information from hacker attacks, viruses, and other malware, thus protecting the confidentiality, integrity, and accessibility of our information.
🔷 Cybersecurity plays an essential role for everyone nowadays, and blockchain technologies come to the aid in the realm of efficient and modern protection of systems from cyberthreats.
Why is cybersecurity important?
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Cybersecurity. Advantages of blockchain
Although blockchain technology is not very common in the field of cybersecurity nowadays, it still has some advantages over other systems.
Data protection and privacy. Blockchain creates an immutable and decentralized ledger, because every node in the network stores its copy. Such a ledger uses cryptography to complicate the creation of a fake copy of the ledger that all the nodes on the network would accept. This combination of distributed storage and ledger immutability makes it very difficult to tamper with the ledger by removing or modifying the data it contains.
Decentralized decision making. In a case where the system relies on a single node to make all decisions, an intruder can cause the system failure by disabling or corrupting that node. Due to the decentralization enabled by blockchain consensus algorithms, an intruder needs to disable or corrupt numerous nodes in the blockchain network in order to gain control over decision-making processes, which is almost impossible under current conditions.
Reliable consensus algorithms. The consensus algorithm plays an essential role in ensuring smooth operation of the entire blockchain, being the very heart of the decentralized network. Relictum Pro has developed a unique consensus algorithm including the introduction of innovative solutions in blockchain architecture, internetwork relationships, and data signing algorithms.
The Proof of Tsar consensus is unique, because the algorithm selects the node to process transactions (the “Tsar”) in such a way that this node does not even know it is the “Tsar”. This is why a decentralized system is inaccessible to both external and internal hacker attacks. Consequently, this eliminates the possibility of a 51% attack.
Distributed data processing and storage. In case of a cyberattack or other business disruption event, some nodes of the blockchain network may go down. Due to the distributed system of data processing and storage, the blockchain network can continue to operate much longer than the traditional centralized system and maintain full access to information.
Data authentication and integrity. A digital signature confirms that the data being signed originate from the owner of a particular private key and have not been tampered with since then. Anyone can verify the signature and the authenticity and integrity of the protected data if they know the public key associated with the private one.
Functions of smart contracts. Cybersecurity is a valuable function of smart contracts for many of the same reasons as the blockchain distributed storage. Such programs are more resilient due to the ability to run programs on a distributed and decentralized platform, because the failure of the program can be caused only by a failure of all the systems. Storing transactions in the publicly available immutable ledger enables auditing of those transactions as well.
Although blockchain technology is not very common in the field of cybersecurity nowadays, it still has some advantages over other systems.
Data protection and privacy. Blockchain creates an immutable and decentralized ledger, because every node in the network stores its copy. Such a ledger uses cryptography to complicate the creation of a fake copy of the ledger that all the nodes on the network would accept. This combination of distributed storage and ledger immutability makes it very difficult to tamper with the ledger by removing or modifying the data it contains.
Decentralized decision making. In a case where the system relies on a single node to make all decisions, an intruder can cause the system failure by disabling or corrupting that node. Due to the decentralization enabled by blockchain consensus algorithms, an intruder needs to disable or corrupt numerous nodes in the blockchain network in order to gain control over decision-making processes, which is almost impossible under current conditions.
Reliable consensus algorithms. The consensus algorithm plays an essential role in ensuring smooth operation of the entire blockchain, being the very heart of the decentralized network. Relictum Pro has developed a unique consensus algorithm including the introduction of innovative solutions in blockchain architecture, internetwork relationships, and data signing algorithms.
The Proof of Tsar consensus is unique, because the algorithm selects the node to process transactions (the “Tsar”) in such a way that this node does not even know it is the “Tsar”. This is why a decentralized system is inaccessible to both external and internal hacker attacks. Consequently, this eliminates the possibility of a 51% attack.
Distributed data processing and storage. In case of a cyberattack or other business disruption event, some nodes of the blockchain network may go down. Due to the distributed system of data processing and storage, the blockchain network can continue to operate much longer than the traditional centralized system and maintain full access to information.
Data authentication and integrity. A digital signature confirms that the data being signed originate from the owner of a particular private key and have not been tampered with since then. Anyone can verify the signature and the authenticity and integrity of the protected data if they know the public key associated with the private one.
Functions of smart contracts. Cybersecurity is a valuable function of smart contracts for many of the same reasons as the blockchain distributed storage. Such programs are more resilient due to the ability to run programs on a distributed and decentralized platform, because the failure of the program can be caused only by a failure of all the systems. Storing transactions in the publicly available immutable ledger enables auditing of those transactions as well.
wiki.relictum.pro
Solution. Proof of tsar
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Blockchain, a new approach to cybersecurity
🔐 Blockchain opens a way to a more efficient security feature that is less popular among cybercriminals and not so welcoming. This approach reduces vulnerabilities, ensures reliable encryption, and verifies ownership and data integrity more effectively. It can even obviate some passwords, which are called the weakest link in cybersecurity.
🔷 Relictum Pro uses the SHA1 M encryption algorithm, an upgraded SHA1. Its main advantage is the conversion from 20 bytes to 32 bytes (into its own hash) to ensure strong crypto resistance, in particular from a promising quantum computer.
📖 More details about the SHA1 M encryption algorithm can be found in the yellow paper.
👍 The use of a distributed ledger is the main advantage of blockchain. A decentralized infrastructure model reduces many of the risks related to the data with centralized storage by eliminating the most obvious vulnerabilities. The transactions are recorded in every node of the network, making it difficult for intruders to steal, compromise, or forge data.
⛔️ Another traditional drawback can be eliminated using the collaborative consensus algorithm of blockchain. It is able to track malicious activities, anomalies, and false alerts without the need for a central authority. One can deceive a pair of eyes, but not all of the pairs. This strengthens authentication and protects data transfer and records management.
🤬 Although blockchain contains many non-traditional functions, it uses one of the most important cybersecurity tools – encryption. The blockchain system can secure connected thermostats, smart doorbells, surveillance cameras, and other vulnerable edge devices through encryption and digital signatures.
👎 Besides, this technology can be used to protect against distributed DDoS attacks.
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Relictum Staking rewards
Dear community, please check your wallets!
🥳 GTN token stakeholder rewards have been paid out today.
🤑 Earn profit from from the amount, duration, and income of the network of tokens added in Relictum Staking.
📈 Estimate the staking income using the calculator.
🏖 Get rewards on the 1st and 15th day of each month with the Relictum Node app!
#reward
Dear community, please check your wallets!
🥳 GTN token stakeholder rewards have been paid out today.
🤑 Earn profit from from the amount, duration, and income of the network of tokens added in Relictum Staking.
📈 Estimate the staking income using the calculator.
🏖 Get rewards on the 1st and 15th day of each month with the Relictum Node app!
#reward
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Influence of blockchain on the financial industry
🌐 The financial industry is constantly evolving, and the emergence of blockchain technology influenced it a lot. What is blockchain and how has it revolutionized the world of finance? We will discuss it today.
🛡 Blockchain technology has revolutionized the way we think and use digital systems. Blockchain has a decentralized and distributed digital ledger at its core, which records transactions across multiple computers, making it nearly impossible to alter or hack.
🏪 The financial industry has been one of most sensitive sectors to blockchain technology: from banks and insurance companies to stock exchanges and crowdfunding platforms. Blockchain introduction can greatly improve efficiency, cut costs, and increase security.
⭐️ The ability to optimize and automate various processes is one of the main advantages of blockchain for the financial industry. For instance, smart contracts, which are self-executing contracts with the agreement terms written as lines of code, can facilitate the exchange of assets, property, or stocks without intermediaries. This can significantly save the time and costs associated with traditional negotiations on the contract or other type of agreement.
⌨️ Besides, the use of blockchain technology allows to improve the security and transparency of financial transactions. It is almost impossible to alter or fake data, because each block in the blockchain is protected by complex algorithms. This level of security is particularly important in the financial sector, where the stakes are high, and trust is essential.
🔅 However, the introduction of blockchain technology in the financial sector is still at an early stage, and there are many issues to be handled. They include regulatory issues, scalability, as well as the need to educate and train industry professionals.
🔆 In general, the impact of blockchain on the financial industry could be transformative, and it is likely that we will see increasingly more adoption of the technology in the coming years.
👉 Relictum Pro – touch the future today!
🏪 The financial industry has been one of most sensitive sectors to blockchain technology: from banks and insurance companies to stock exchanges and crowdfunding platforms. Blockchain introduction can greatly improve efficiency, cut costs, and increase security.
👉 Relictum Pro – touch the future today!
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Dear Relictum Pro Community,
📞 As you’ve noticed, the Relictum Pro application is not in the App Store search list, but there is nothing to worry about!
👍 The application is available for those you have it installed on their devices.
💬 For those who are going to install it to their devices, the Relictum Node application will become available in the nearest time.
✅️ Due to the additional checks of crypto applications by App Store, Relictum Node App might be unavailable for up to 48 hours.
Sincerely yours,
Relictum Pro Team
Sincerely yours,
Relictum Pro Team
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Web3 in 2023: what should we expect?
🧐 We have seen a surge in the development and adoption of Web3 technology over the past few years. What can we expect from Web3 in 2023? Let's see!
✈️ The decentralized web is expected to grow and develop further in 2023. Some exciting developments can be seen on the horizon, which will define the future of the decentralized web. Pay attention to the following issues:
💎 Continued development of the blockchain infrastructure
The underlying blockchain infrastructure must be reliable and scalable to let the decentralized network reach its potential in full. We can expect further development in such technologies as sharding and L2 solutions in 2023. They will help improve the performance and scalability of decentralized networks.
💎 Wider use of decentralized finance (DeFi)
DeFi is a sub-category of the decentralized network engaged in building blockchain-based financial apps. DeFi is expected to continue to grow and develop in 2023, with increasingly more people using decentralized financial apps.
💎 Preserving uncertainty in regulation
Although the decentralized web features numerous advantages, it is still a relatively new and largely unregulated concept. We will more likely see preserving uncertainty and debate about the best ways to regulate decentralized.
💡 Overall, the decentralized web could largely change the way we use the Internet. Although blockchain technology is in its infancy, we are confident in its further successful application to solving problems of any level: from everyday to state ones.
The underlying blockchain infrastructure must be reliable and scalable to let the decentralized network reach its potential in full. We can expect further development in such technologies as sharding and L2 solutions in 2023. They will help improve the performance and scalability of decentralized networks.
DeFi is a sub-category of the decentralized network engaged in building blockchain-based financial apps. DeFi is expected to continue to grow and develop in 2023, with increasingly more people using decentralized financial apps.
Although the decentralized web features numerous advantages, it is still a relatively new and largely unregulated concept. We will more likely see preserving uncertainty and debate about the best ways to regulate decentralized.
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