blockchain – Mathtuition88

How LEI Codes Promote Security in Global Financial Transactions

In a world where financial transactions cross borders and involve countless actors, security and transparency are essential. One of the most effective ways to achieve this is through the use of LEIs. These unique identifiers play a key role in promoting trust and security in global financial markets.

Introduction to LEIs

A Legal Entity Identifier (LEI) is a global standard for uniquely identifying legal entities that participate in financial transactions, regardless of where they are located. These codes consist of 20 alphanumeric characters.

They are assigned by authorized providers, ensuring consistent and objective identification across borders. This enables regulators, banks and investors to perform necessary background checks, analysis and monitoring of financial activities.

By using LEIs, institutions can mitigate risk, reduce costs and promote increased transaction transparency. In this way, LEIs play a key role in strengthening financial stability globally.

The importance of LEI codes in Financial Transactions

In a world where financial transactions cross borders on a daily basis, it is crucial to maintain visibility and security.

LEIs play a key role in this by allowing actors to accurately identify the entities involved. This reduces the risk of errors, misunderstandings and potential financial losses due to lack of transparency. In addition, it strengthens trust between parties and makes the entire transaction process more seamless.

Ultimately, LEIs contribute to a more robust and secure global financial system. They ensure that all transactions are traceable and verifiable, reducing the risk of fraud and abuse. By standardizing the identification of legal entities, LEIs promote a high level of accountability and integrity in financial activities.

Implementation of LEI codes

The implementation of LEIs requires extensive coordination between global regulators, financial institutions and businesses. The process involves registration with an LEI issuer, ensuring the validity and accuracy of the data collected.

For businesses operating in international markets, it is crucial to understand and follow local and global LEI guidelines. This ensures not only legal compliance but also improved operational efficiency. With a properly implemented LEI code, businesses can navigate the global financial landscape more confidently.

Maintenance and Updating

An important part of maintaining the security and accuracy of LEI code usage is annual renewal. Each LEI must be renewed once a year to ensure that the associated information remains current and accurate.

This regular update is essential to maintain the integrity of the data used in global financial transactions. By renewing the LEI annually, businesses and financial institutions can ensure that their identities remain verified and trusted, contributing to a more secure and transparent financial world.

DigitalOcean Referral Code

Digital Ocean Referral Code: https://m.do.co/c/82b053631b5d

Use the Referral Code above to get $200 free credit for Digital Ocean!

What is DigitalOcean

DigitalOcean is a cloud infrastructure provider, something like AWS (Amazon Web Services).

Having used AWS before, DigitalOcean is certainly a superior service! The interface is cleaner, simpler, and you can launch your app literally within minutes!

According to many sources, DigitalOcean’s pricing is the best among all cloud providers! Their Droplets virtual machine cost as low as $5 per month, and they even have a free plan on their App Platform at $0 per month!

Digital Ocean Referral Link: https://m.do.co/c/82b053631b5d

DigitalOcean Crypto

Digital Ocean is ideal for crypto mining and especially staking. Many people run their Ethereum nodes on DigitalOcean. The benefits of using DigitalOcean for running crypto nodes include:

Lower upfront cost than buying a new computer
Does not take up physical space
Easily upgradeable at a click of a button (important since staking hardware specs may change, rendering hardware obsolete)
Higher uptime
Do not have to worry about overheating and other safety issues

Digital Ocean Referral Link: https://m.do.co/c/82b053631b5d

Digital Ocean Droplet Cost

A DigitalOcean Droplet can cost as low as $5 per month for the following specs:

1 GB Memory
1 vCPU (virtual central processing unit)
25 GB SSD Disk

For an Ethereum (or most other crypto) node, a good specification would cost $40 per month:

8 GB Memory
4 vCPUs
160 GB SSD Disk

Digital Ocean Referral Program

In conclusion, when signing up for Digital Ocean, it is always beneficial to utilize a referral code through the Digital Ocean referral program, as that would mean a free $200 in credit over 60 days. Signing up without a referral code would just be missing out on the valuable free credit.

Digital Ocean Referral Link: https://m.do.co/c/82b053631b5d

DigitalOcean Referral Badge

Lunacian Referral Code: 3YHKUNEP

Axie Infinity Lunacian Referral Code: 3YHKUNEP

What is a Lunacian Referral Code

Lunacian codes are a first-of-its kind referral program for Web3 games, started by Axie Infinity, the popular NFT Crypto game.

Axie Infinity is a digital pet-battling game, where players assemble a team of Axies to battle against each other. It is something like Pokemon, each Axie has its unique attacks and attributes.

How does Lunacian Referral Code work

When a Lunacian Referral Code is used, 1% from the 4.25% marketplace fee will be forwarded to the referrer
When a Lunacian Referral Code is not used, the entire 4.25% goes into the Community Treasury, as per normal
Once per month, Sky Mavis will utilize the Ecosystem Fund to fully reimburse the Community Treasury for the sum total of reward payouts during that period
This experimental feature is in preparation for the increased onboarding that will occur as the Axie Team improves Axie Infinity: Origin and continues to add new features to the Axie universe
For more info, check out the official Lunacian Codes Guide

Axie Infinity Review Video

Do check out this interesting Axie Infinity review to learn what the game is about!

Disclaimer: The opinions on Lunacian Referral Code expressed in this blog post are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. It is only intended to provide information on Lunacian Referral Code. In particular, this blog post is not a substitute for obtaining advice from a qualified investment advisor.

Where to buy Acala tokens (ACA)

One of the best places to buy Acala (ACA) tokens is on Kucoin. The reason is that Kucoin has one of the widest selection of small altcoins that are not found anywhere else.

Kucoin Official Referral Link: https://www.kucoin.com/ucenter/signup?rcode=rPBBQSX

Kucoin Referral Code: rPBBQSX

Where to buy Acala Coin

Acala is said to be the the DeFi Hub of Polkadot. Currently, they are very new so there are very few crypto exchanges that allows buying of the Acala Coin (ACA).

Kucoin is one of the few exchanges that list the Acala (ACA) coin. The sign up process on Kucoin is quite quick, most of the time you can purchase Acala on the same day.

Tips when considering where to buy Acala Coin:

Currently no DEX offers ACA, so decentralized exchanges are ruled out
Note that Acala is a Polkadot Parachain, which has a different address from your Polkadot wallet
Acala addresses usually but not always start with the number 2
Do not send ACA to your Ledger hardware wallet as it is currently not supported by Ledger
The main trading pairs on Kucoin are ACA/USDT and ACA/BTC

Where to buy Acala Crypto

In short, Kucoin is one of the top considerations when deciding where to buy Acala crypto (ACA). Simply because Acala (ACA) is not found in major crypto exchanges yet!

Kucoin was launched in 2017, meaning they have been around for 5 years, which is a pretty long time in crypto.

As always, remember to do due diligence when researching where to buy Acala Crypto. If you have decided to use Kucoin, do sign up using the referral link below!

Kucoin Official Referral Link: https://www.kucoin.com/ucenter/signup?rcode=rPBBQSX

Kucoin Referral Code: rPBBQSX

Disclaimer: The opinions on Kucoin and Acala expressed in this blog post are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. It is only intended to provide information on Kucoin Crypto Referral Code. In particular, this blog post is not a substitute for obtaining advice from a qualified investment advisor.

Last few months to mine Free Pi Coins (Referral Code: math88pi)

Pi Network Invitation Code: math88pi

I am sending you 1π! Pi is a new digital currency developed by Stanford PhDs, with over 10 million members worldwide. To claim your Pi, follow this link https://minepi.com/math88pi and use my username (math88pi) as your invitation code.

It is literally the last few months to mine Pi Coins, Mainnet is launching in estimated Q4 2021 which is just a few months away.

Pi Network has a halving procedure in place, similar to Bitcoin. Basically it means that, the mining rate will reduce by half when a certain milestone is being hit (usually in terms of number of members). Eventually, the mining rate may even hit zero. This means Pi Coin eventually has a finite supply, just like Bitcoin.

We have a detailed review of Pi Network and Pi Coins in a previous blogpost.

Pi Wallet will be released on 31 March 2021

On the Pi Network’s official Twitter page, they announced that they will be releasing the Pi wallet on the Testnet with Test-Pi on March 31, 2021.

This is quite an achievement, Testnet is usually just one step behind Mainnet. For example, Ethereum has several Testnets such as Rinkeby Testnet. The Testnet can act as a test or experiment to see if there are any bugs, before rolling out the Mainnet which contains the actual Pi coins.

Pi network vs Bee network

In the previous blogpost, we detailed some reasons why Pi network is likely to be legit.

Unfortunately, the same cannot be said for Bee network:

Bee network is created by anonymous/unknown people.
Bee network is just a “clone” of Pi Network in many ways, up to their White Paper.
Not sure if Bee network is a legitimate blockchain project, or just one that is trying to ride on the waves of Pi Network.

Hence, currently, we recommend Pi Network but not Bee Network.

Disclaimer: The opinions on Pi Network expressed in this blog post is for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. It is only intended to provide information on Pi Network Referral Code. In particular, this blog post is not a substitute for obtaining advice from a qualified investment advisor.

Pi Network Referral Code: math88pi

In view of the upcoming Pi day (3.14), this topic of Pi Network is quite appropriate. In this blog post, we will share about Pi Network, what it is, and more.

Pi Network Invitation Code: math88pi

I am sending you 1π! Pi is a new digital currency developed by Stanford PhDs, with over 10 million members worldwide. To claim your Pi, follow this link https://minepi.com/math88pi and use my username (math88pi) as your invitation code.

Pi Network Review

Pi Network is an upcoming blockchain, with idea similar to Bitcoin, but yet with certain differences:

Pi Network uses the Stellar Consensus Protocol, while Bitcoin uses Proof of Work.
Pi Network is currently still in the early phases, meaning that it is not available on the “Main Net” yet, or on any exchange. Bitcoin is already very established as of 2021, even recognized by major institutions and banks.

Is Pi Network Safe / Is Pi Network Legit

While it is impossible to answer with 100% certainty, one can list at least 3 reasons why Pi Network is legit:

Pi Network is listed on the Apple App Store. It is known that “Apple evaluates every app in detail before it’s available in the App Store to make sure that it doesn’t contains viruses.”
Pi Network is created by real known people (Stanford PhDs: Dr. Nicolas Kokkalis and Dr. Chengdiao Fan) who put their real name upfront. Their identities are verified by Stanford Daily, which is the official student-run, independent daily newspaper serving Stanford University.
No money is involved in using Pi Network app. No credit card details are needed. Hence, it is impossible that Pi Network is trying to scam money since no money is involved.

Is Pi Network Worth Anything

This is another popular question, on whether Pi Network is worth it. Firstly, Pi Network only takes few seconds per day, to tap the mine button. Hence, the total time wasted is very minimal.

Secondly, once Pi Network goes live on the Main Net, it has to be worth something non-zero. Many YouTubers have analyzed its worth (Pi Network price predictions), the below video has quite a mathematical estimate of what Pi Coin is worth.

Pi Network Referral Link: https://minepi.com/math88pi

Pi Network Invitation Code: math88pi

Pi Network Mining

Pi Network coins are able to be mined on a mobile phone. They are very unlike the Proof of Work algorithms which require massive amounts of electricity and computing power. In fact, the coins can be mined without WiFi or running in the background.

What is happening at this stage is actually “pre-mining”, which is consistent with the Stellar Consensus Protocol (SCP):

Pi Network differs from traditional cryptocurrencies in that the coins are “pre-mined” or pre-generated from the start. When you initiate mining on the Pi Network app, you are simply being a distributed a set amount of coins per hour. Because the coins are pre-generated, your phone doesn’t do any heavy computational tasks, and power impact is minimal.

Medium: https://medium.com/@kona.kona/cryptocurrency-for-everyday-people-from-stanford-pi-network-9d743d1ddfd2

The mining of Pi Coin has a halving stage, just like Bitcoin. Eventually, the mining rate could even fall to zero. This helps to reduce inflation.

Ethereum in real life (Duke University is teaching Ethereum)

Ethereum has started to see many actual use cases in real life. For instance, major companies like Amazon, Microsoft, Google, Visa are all starting to adopt Ethereum as part of their real life usage.

Ethereum has started to appear in education as well. Duke University (one of the top universites in the USA), has started teaching modules of “Ethereum and Smart Contracts” as part of the syllabus.

Course description (Ethereum and Smart Contracts course in Duke University):

“Learn how to develop smart contracts and decentralized applications on the Ethereum Blockchain as well as history and trends of Ethereum itself. Ethereum is the most promising decentralized smart contract platform, and blockchain developers are in high demand. Learning these skills will give you a leg up in the blockchain world, especially in the Ethereum ecosystem. We will cover Ethereum (the platform), Solidity (the programming language), Truffle (the developer framework), and web3.js (the front-end library). Preference: some blockchain/cryptocurrency understanding. Prerequisite: basic programming skills.”

Trinity College of Arts and Sciences at Duke University

Ethereum Book

Learning blockchain technology should be a very marketable skill in the near future. Currently, there are two main ways to learn it, through online courses or through books.

Mastering Ethereum: Building Smart Contracts and DApps

The book above is authored by Dr Gavin Wood, who was the creator of the Solidity language and cofounder of Ethereum.

New York Professor: Blockchain is a lie, and the least useful technology

The most famous application of Blockchain is “Bitcoin”. Whoever bought just $1000 worth of Bitcoin around year 2010 would be a millionaire now. However, other than “Bitcoin” and cryptocurrencies, blockchain technology do have other uses. So is blockchain useful or not? Only time will tell.