Why is Ethereum Classic outperforming the cryptocurrency markets recently? The Agharta hard fork

Why is Ethereum Classic outperforming the cryptocurrency markets recently? The Agharta hard fork

The price in USD of the cryptocurrency Ethereum Classic (ETC) is almost 50% up since 2 days ago.

Ethereum Classic (ETC) completed a successful hard fork named “Agharta” at block number 9,573,000 on Sunday, January 2020.

The simple summary for this hard fork is to enable the outstanding Ethereum Foundation Constantinople and Petersburg network protocol upgrades on the Ethereum Classic network to create maximum compatibility across these networks.

A more technical explanation for the “Agharta” hard fork, can be found on the Ethereum Classic Improvement Proposals, which include the following:

Abstract

Add support for a subset of protocol-impacting changes introduced in the Ethereum Foundation (ETH) network via the Constantinople and Petersburg hard forks. The proposed changes for Ethereum Classic’s Agharta upgrade include:

  • Constantinople bitwise shifting instructions
  • Constantinople skinny CREATE2 opcode
  • Constantinople EXTCODEHASH opcode

This document proposes the following blocks at which to implement these changes in the Classic networks:

  • 5_000_381 on Morden Classic Testnet (November 13, 2019)
  • 301_243 on Mordor Classic Testnet (November 20, 2019)
  • 1_705_549 on Kotti Classic Testnet (December 11, 2019)
  • 9_573_000 on Ethereum Classic Mainnet (January 15, 2020)

For more information on the opcodes and their respective EIPs and implementations, please see the Specification section of this document.

Motivation

To enhance the Ethereum Virtual Machine’s (EVM) capabilities, various opcodes shall integrate into the Ethereum Classic networks, all of which have been in use on the Ethereum Foundation networks since early 2019.

Specification

Enable the following three hard fork features:

Rationale

Atomicity: This protocol specification notably merges the scheduled features of the anticipated Petersburg protocol upgrade, which would remove the buggy proposal SSTORE net-gas metering.

Interoperability: Establishing and maintaining interoperable behavior between Ethereum clients is essential for developers and end-user adoption, yielding benefits for all participating chains (e.g., ETH and ETC, Ropsten and Morden, Görli and Kotti).

Immutability: None of the introduced new opcodes in the EVM has the potential to change the behavior of existing contracts; in the case where previously an arbitrary invalid bytecode would have been deployed to the network, none of them would be able to modify the state of the Ethereum Classic networks retrospectively. Adding opcodes to the EVM increases its functionality and should be considered a feature upgrade rather than a modification.

Implementation

The adoption of the content of this ECIP requires a hard fork as it introduces changes that are not backward compatible.

The following clients with Ethereum Classic support implement the Constantinople and Petersburg features currently:

  • Geth Classic: full support in v6.1.0 and later
  • Parity Ethereum: all features due to Ethereum Foundation compatibility
  • Multi Geth: all features due to Ethereum Foundation compatibility
  • IOHK Mantis: no support
  • Hyperledger Besu: all features due to Ethereum Foundation compatibility

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The Tax Implications of Cryptocurrency

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By Kevin Devoto

Bitcoin is the most widely traded, held and circulated digital currency of all time. It’s called a convertible virtual currency due to its being an equivalent value in real currency. While the IRS has been slow to deal with crypto taxes, they are beginning to tighten up. Read on for all you need to know about cryptocurrency and taxes.Bitcoin Explained 

Before we get into what crypto taxes are all about, let’s first go over what Bitcoin is. Bitcoin uses cryptographic encryption systems to secure transfers and storage between uses. Unlike fiat currency, bitcoin is not printed by a central bank, nor is it backed by any institution. The coins are generated by a process called mining where a high-powered computer on a giant network uses a mathematical formula to produce bitcoins. It takes very sophisticated hardware and hours sometimes days to mine less than one bitcoin. TO obtain them you can either mine bitcoins or buy them from someone with cash or a credit card. Since 2009 Bitcoins have been used on several occasions exactly like a fiat currency to buy goods and services. 

Bitcoin is now listed on many popular exchanges and has been paired with leading world currencies such as the pound, US dollar, and the euro. The US Federal Reserve began acknowledging the importance of bitcoin when it announced that cryptocurrency transactions and investments would not be considered illegal. Initially, the allure of Bitcoin was attributed partly to the idea it wasn’t regulated and could be used in transactions that avoided tax obligation. The intangible nature of bitcoin and its universality also made it harder to keep track of cross-country transactions. Also, government authorities around the world soon realized that bitcoin attracted black marketers who could make shady deals without being traced. It was only a matter of time before the tax authorities and government agencies honed in on Bitcoin.Taxes on Bitcoins

Globally many tax authorities are starting to bring legislative regulations on bitcoins. The US Internal Revenue Service (IRS) and its associated partners from other countries are mostly on the same page when it comes to the treatment of bitcoins. The IRS has stated that bitcoin should be treated as an asset or an intangible property and not a currency since it’s not issued by a central bank of any country. Bitcoin’s acceptance as an asset makes the tax implication comprehensible. It may seem like a minor distinction, but it makes quite a difference. This determines how bitcoins are taxed, what information will be needed to make sure your taxes are calculated correctly, and what tax planning techniques you can use to minimize your taxes on bitcoin transactions.IRS Cracks Down

The IRS has made it mandatory to report bitcoin transactions of all kinds, no matter how large or small in value. Thus, every US taxpayer is required to keep a record of all buying, selling, investing in, or using bitcoins to pay for goods or services, which the IRS considers bartering. Since bitcoins will be treated as an asset, if you use bitcoins for simple transactions such as buying food at a grocery store, you’ll incur a capital gain.Taxable and Nontaxable Events

A taxable event is simply a specific action that triggers a tax reporting liability. Whenever one of these ‘taxable events’ occurs, you’ll trigger what’s called a capital gain or capital loss that is required by the IRS to be reported on your tax return. Here are a few of the major taxable events to look out for: trading cryptocurrency to a fiat currency like the euro or US dollar, trading cryptocurrency to cryptocurrency, using cryptocurrency for goods and services, and earning cryptocurrency as income. A nontaxable event is just the opposite. These are events that incur no capital gains and are not considered required to be reported. Here are some examples: giving cryptocurrency as a gift to someone, a transfer from a wallet, or purchasing cryptocurrency.Cryptocurrency Tax Software

You will need to pay taxes on your digital asset investment tax returns unless you reside in a country that doesn’t require you to pay capital gains taxes. Cryptocurrency tax software is software built for cryptocurrency traders to solve the tax reporting problem. It allows cryptocurrency users to aggregate all of their historical trading data by integrating their exchanges and making it easy to bring everything into one platform. Many traders and investors are beginning to use this software to securely create their required cryptocurrency tax reports.

Science Articles

The Blockchain is a public ledger, which means anyone can view the ledger at any time. Figuring out a person’s activities on that ledger comes down to placing a wallet address with a name. Making the decision not to report your crypto transactions is a risky decision that could subject you to tax fraud which could be punishable by criminal prosecution, a fine of up to $250,000 couple with five years of imprisonment. If you’re getting into Bitcoin or other forms of cryptocurrency, be sure to know when you should report your taxes and why.

Source: Free Articles from ArticlesFactory.com

ABOUT THE AUTHOR

Kevin Devoto is an avid outdoor enthusiast and freelance writer. He enjoys writing about sustainability, eco friendly behaviors and local travel. He has traveled all over the world but has taken a particular interest in our great National Parks.

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Debt Consolidation Tips: An “All in one” Guide!

Debt Consolidation Tips: An “All in one” Guide!

By: Marsha Claire


A Debt consolidation loan is a loan used to repay several other loans or other debts. A Debt Consolidation Loan is a low cost loan secured on collateral in the form of any securable property, your home, your vehicle or any valuable asset. Debt consolidation loans consolidate all debts incurred through personal loans, credit cards, overdrafts, or any number of unpaid bills that have built up over time. These loans can give you a fresh start, allowing you to consolidate all of your loans into one – giving you one easy to manage payment, and in most cases, at a lower rate of interest. A debt consolidation loan can reduce both your interest costs and your monthly repayments, putting you back in control of your life.



Debt consolidation solutions are practical means for eliminating credit card and other high interest debts, and getting your financial health and future back on track. Being concerned about debt 24 x 7 is extremely stressful, both on you and your family. So take a few minutes right now and educate yourself about your options.



1. Go with a debt consolidation company that has a good reputation.

Don’t assume that every non-profit company is necessarily going to look out for your interests more than for a profit. Shopping around will give you the means to decide on the one that best suits your circumstances and your budget. Spend time researching different lenders and get quotes from a handful before deciding on one.



2. Do the math yourself.

Take the time to work through the expenses yourself and see how much you will be paying, how long it will take to pay off the loan, etc. Look for hidden costs, creditor charges, etc. Many lenders add payment protection insurance to their loans without the borrowers’ knowledge, which is often more expensive than those available elsewhere. People keen to consolidate their debts, take the first opportunity available, unaware of lower rates and other available options.



3. Is it cost effective in the long run?

Paying off an existing debt may incur charges for early settlement and there may also be a fee for arranging your consolidation loan. A debt consolidation loan should be cheaper than the individual loans and debts since that’s its purpose. Otherwise how is it different from any other secured loan? Also, by taking a new debt consolidation loan, you will be extending the period in which you are paying off debts – and that might mean a greater interest cost in the long run. So read the fine print on your credit agreement statement before signing it.



5. Interest rates:

Make sure you understand the difference between variable and fixed rate loans. If you sign up for a variable rate loan, you may get a lower rate initially, but within a few years it may go up. On the contrary, a fixed rate option does not fluctuate with any changes in rates. However, you do not gain when the interest drops either.



6. Debt Consolidation counselling:

Debt consolidation with debt counselling can provide you with expert debt advice for financial planning. This would help you sort out your present debts as well as prevent you from getting into future debt. Debt counselling services can talk to your creditors about reducing your interest rate, eliminating late fees, altering repayment options and extending your loan term. Look up an agency that is the member of the National Foundation for Credit Counselling (NFCC) or the Association of Independent Consumer Credit Counselling Agencies (AICCCA).



Secured on your collateral low interest debt consolidation loans can sweep away the pile of repayments to your credit and store cards, loans and replace them with one, low cost, monthly payment – one calculated to be well within your means. Never take a loan that is over the top, take something that suits your needs.



It has been found that a significant number of residents are not aware of the benefits of the debt consolidation options and are suspicious about how it works. There is a need to increase the awareness of the debt consolidation solutions and evolve new varieties and features for debt consolidation loans. There is a great potential to increase the benefits of debt consolidation loans.


Author Bio

Marsha Claire is offering loan advice for quite some time.To find Adverse Credit debt consolidation, UK Debt consolidation Help, Fix Your debt Repayment, Debt consolidation tips visit www.fixyourdebts.co.uk


Article Source: http://www.ArticleGeek.com – Free Website Content

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10 Easy Tips to Help You Profit From Your Website

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By: Joshua Watson


10 Easy Tips to Help You Profit From Your Website.



Hundreds of thousands of webmasters across the world make money online with their websites. Why not you? Here are 10 easy tips that you can use on your website to make it profitable. As with any good website however, you first need quality original content!


  1. Google AdSense – Make money selling advertising space. While banner ads are not worth your time for the most part, Google AdSense is. Many web site owners make a comfortable living off of AdSense profit alone.


  2. Affiliate Marketing – Make money referring your website traffic to other websites. Don’t have a product? That is 100% O.K. Just add someone else product to your site by joining an affiliate program and forget about it. If you have related content (free information) you will see a slow trickle of income from your affiliate links.


  3. Write an eBook – Sell your own idea or product. I know it sounds like a day dream, but people do this all the time. In fact, it is the most common method that people use to make money. Write an eBook, offer consultations, or make something people will use. In this category, you are only limited by your imagination.


  4. Create an online directory – Sell text links. Add a directory area to your site and offer to place links to other web sites for a small fee.


  5. Become a Paid Blogger. Offer to blog for companies. Blogging is fast becoming an important link building strategy for online companies. There are hundreds of small businesses that could benefit from a professional blog but, do not have the resources to hire a full time employee. You have a website, put it to use!


  6. Open your own eBay store. Buy low, sell high. There is no easier place to sell than online with your own eBay store. You can concentrate on a particular type of product like coins and antiques or you can sell a wide variety.


  7. Host an online competition. Offer prizes for the first, second and third place winners. Your competition can be on almost anything. Think of a way to offer a competition, create a small entry fee and you are set!


  8. Create a member only area. You can create a members only site about anything from Fan Clubs, Online Newsletters, Courses and Training, Stock Trading Tips, Dating Sites, Personal Advice, Horoscopes, Family Trees, and so on. Again, your only limitation is your imagination. If you have a site already up and running, offer something in your paid member’s area that they cannot easily get for free.


  9. Begin a paid advice service. Free information is great and will draw readers to your site. Once there, help the reader out with some basic information. Save the real “meat” for those that are willing to pay a small fee.


  10. Sell your site. Why drag on a project for years when you can get in, get out and turn a quick (albeit smaller) profit? Create your site, get it listed in the search engines, make sure you get a few dollars a week in online advertising and sell your site for a few thousand dollars.


Author Bio

Joshua Watson is the author and webmaster for both Making Money Online and www.urhowto.com websites. In addition to being a webmaster for over 10 years, Joshua has also worked as an Engineer for ABC and Dish Network as well as a Project Manager for AOL Broadband. He can be contacted via email at jwatsonl@yahoo.com


Article Source: http://www.ArticleGeek.com – Free Website Content

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Get Professionally Fit in 2020 With Expert Online Leadership Training

Get Professionally Fit in 2020 With Expert Online Leadership Training

(NewsUSA) – As 2020 approaches, make the new year and new decade the time to turn heads in your profession by boosting your leadership skills.

Making a commitment to your professional fitness doesn’t have to take a bite out of your bottom line, either.

The Professional Development Academy, an online leadership training company with top-notch faculty from business, industry, and government, offers programs in areas including high performance leadership, frontline information technology leadership, and maximizing your personal brand, all for a fraction of the cost of a traditional MBA program and easily accessible at your convenience.

The Professional Development Academy Faculty includes individuals who are proven outstanding leaders in a range of fields, including Colin Powell, former Secretary of State and retired 4-star general; Cheryl Smith, IT expert and former CIO of McKesson Corp.; and Peter H. Thomas, one of the most savvy and successful entrepreneurs of the modern era, whose six-decade career highlights include founding Century 21 Real Estate Canada, and the Four Seasons Resort in Scottsdale, Arizona, along with developing emerging companies such as Dogtopia.

Some top tips from the Professional Development Academy experts:

“Perpetual optimism is a force multiplier,” says General Powell. When you bring an optimistic attitude to the office every day, others will follow your lead. The Professional Development Academy curriculum includes practical insights from Powell and other world-known thought leaders highlighting the power of a positive mindset.

Smith notes that the best leaders don’t just dictate, they listen.

“Ask for feedback,” she emphasizes. “Then listen and learn.” Constructive and critical feedback can feel harsh, but it can provide tremendous insight for future growth.

Finally, be true to your values, says Peter Thomas.

“To be truly successful, ensure your decisions at work align with your core values. When your values are clear, your decisions will be easier,” he says, and “be open to opportunities and be ready to move on them.”

Starting in 2020, the Professional Development Academy is partnering with Peter H. Thomas to launch the Peter Thomas High Performance Leadership Academy, a 12-week course divided into “learning bursts” that can be completed in 4-5 hours per week at any time to suit busy schedules. The course is designed to share Thomas’s secrets for success at nurturing an entrepreneurial spirit in conjunction with a values-based life.

For more can’t-miss ways to boost your leadership skills in 2020, visit the Professional Development Academy at pdaleadership.com.

Why is Ethereum Classic outperforming the cryptocurrency markets recently? The Agharta hard fork
Ethereum Classic

The price in USD of the cryptocurrency Ethereum Classic (ETC) is almost 50% up since 2 days ago. Ethereum Classic Read more

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By: Marsha Claire A Debt consolidation loan is a loan used to repay several other loans or other debts. A Read more

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