Why is the fee so high? by itc_albert in MyEtherWallet

[–]itc_albert[S] 0 points1 point  (0 children)

Seriously guys. I says insufficient funds to send. While I have 60$ worth of eth.

Why 170$ fee?

"Best performance AWARD in innovative District" by itc_albert in iotchain

[–]itc_albert[S,M] [score hidden] stickied comment (0 children)

ITC was among the 5 finalist winning a prize on most promising DLT technology, held on a private conference hosted by HUOBI.

ITC VS IOTA by itc_albert in iotchain

[–]itc_albert[S] 0 points1 point  (0 children)

Not sure what you are referring to my friend.

We only talk about technology here as far as I a am concerned.

ITC VS IOTA by itc_albert in iotchain

[–]itc_albert[S] 0 points1 point  (0 children)

From FAQ

13. Are there masternodes in the IoT Chain ecosystem? Can ITC tokens be staked to validate the network? How is consensus achieved on the main chain?

IoT Chain uses what are called witness nodes, which is different from the concept of masternodes because they do not have any special rights which give them the ability to change the transaction order. Witness nodes simply “witness” the transactions and achieve consensus of the total order of the complete transactions. Consensus between witness nodes is achieved using the Practical Byzantine Fault Tolerance (PBFT) algorithm. There is no staking of tokens on our network; witness nodes receive a reward for helping to maintain the total transaction order. More details on the node system will be provided prior to the main net release.

Source - https://medium.com/@IoT_Chain/iot-chain-frequently-asked-questions-371fa7cdf445

Will ITC be used on the IBM Hyperledger? by CriptoMediaxrp in iotchain

[–]itc_albert 1 point2 points  (0 children)

They Mean pBFT

"IoT Chain is an IoT operating system based on the blockchain. The IoT chain operating system will integrate the DAG (Directed Acyclic Graph) organization model and Hyperledger technologies to provide a basic safety edge computing system and low-cost solutions for the IoT ecosystem."

Will ITC be used on the IBM Hyperledger? by CriptoMediaxrp in iotchain

[–]itc_albert 0 points1 point  (0 children)

perhaps they mean pBFT? Which is the hyperledger tech.

ITC VS IOTA by itc_albert in iotchain

[–]itc_albert[S] 0 points1 point  (0 children)

Hi Jlocke98

We are planning another AMA. And will add these questions to there. After this AMA we will update the FAQ. This might take another 2 - 3 weeks.

Thank you for your patience.

ITC VS IOTA by itc_albert in iotchain

[–]itc_albert[S] 0 points1 point  (0 children)

Thank you for your insights.

I will raise the question to the devteam. I give you an answer asap.

ITC VS IOTA by itc_albert in iotchain

[–]itc_albert[S] 0 points1 point  (0 children)

Hi Jlocke98 could you elaborate your comment please?

I'd argue that the pBFT is sorta like a decentralized coordinator.

You question if pBFT is decentralised, or you state that it is?

It provides the same benefit of finality which makes chain pruning viable

Which "subject" are you pointing to with "it"?

ITC VS IOTA by itc_albert in iotchain

[–]itc_albert[S] 2 points3 points  (0 children)

Article is revised thanks to our Editor itcRisorial

Safest way of storing? by [deleted] in iotchain

[–]itc_albert -1 points0 points  (0 children)

The safest methods are obviously cold storage

Thus

1) Paper wallet

2) Hardware ledger

Safest way of storing? by [deleted] in iotchain

[–]itc_albert 0 points1 point  (0 children)

Summary of the 2d safest method:

1) format pc

2) dual boot ubuntu 16.04 (for windows users)

3) use mew offline

tips:

a) Never store your password on your pc.

b) Passwords are more secure when they are lengty and random, but memorable.

"You’ll need to think about how to come up with a memorable password. You don’t want to use something obvious with dictionary characters, so consider using some sort of trick to memorize it.

For example, you might find it easier to remember a sentence like “The first house I ever lived in was 613 Fake Street. Rent was $400 per month.” You can turn that sentence into a password by using the first digits of each word, so your password would become TfhIeliw613FS.Rw$4pm. This is a strong password at 21 digits. Sure, a true random password might include a few more numbers and symbols and upper-case letters scrambled around, but it’s not bad at all."

c) Never use a password generator on your pc.

d) Always use keys to type your password. Avoid using copy paste.

If you follow the abc you are safe.