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Alexei Sokolnikov

Cryptocurrency expert
Joined January 2022
16
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AssureAssure was edited byAlexei Sokolnikov profile picture
Alexei Sokolnikov
June 7, 2022 11:33 am
Article  (+1830 characters)

Assure focuses on better product experience and community interests, with priority emphasis on asset security, user experience and mining revenue.

Assure provide users with one-stop service of digital identities, data and asset management via Assure DID (Digital Identity). Users will take self-custody management of their own digital assets (DeFi and NFT), experience cross-chain exchanges, dual-end tradings and various DApps as well as learn about crypto trends and Assure's latest news.

Origin

The name of the crypto project Assure is an abbreviation, where the first letter “A” means ‘Anonymity”, the second letter “S” stands for “Security”, and “sure” stands for confidence in the quality of the service of the entire project.

The project started in 2020. In 2021, the project carried out a grinding test. In early 2022, Assure opened beta testing and continues to improve the platform.

Company products

Crypto project Assure offers a whole range of products for storing, managing and using digital assets. It currently includes:

  • Assure Wallet is a digital wallet. It is the main product of the company. Refers to the type of custodial wallets. In addition to security, it has a high transaction speed, especially between centralized and decentralized exchanges.
  • Asset management is a platform for managing all digital assets. It allows you to manage different accounts and assets on them, transfer funds between blockchains, and not worry about going through the KYC procedure. Has a low fee.
  • AssurePay is a service that allows you to exchange digital values ​​for fiat money in 50 countries around the world. It is serviced with the help of Mastercard and Visa payment systems. In addition, users can receive bank cards with a balance of digital assets that can be used in regular stores (when paying, assets are converted into currency at the current rate).
  • DeFi aggregation is a service that allows you to remove most of the barriers for investors and traders. Allows you to connect to most centralized exchanges and DeFi services. Low fees and customization allow you to tailor the service to your needs.
  • SURE token is the token of the Assure project, which is used for the joint development and management of the company. In the future, it is planned to transfer the project to a decentralized autonomous organization.

Timeline  (+2/-1 events) (+50 characters)

2022

February 7, 2021

Successfully held grinding test.

June 7, 2020

Project is started
Cryptocurrency exchangeCryptocurrency exchange was edited byAlexei Sokolnikov profile picture
Alexei Sokolnikov
February 24, 2022 4:03 pm
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Validator
was edited byAlexei Sokolnikov profile picture
Alexei Sokolnikov
February 24, 2022 4:02 pm
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TGE
was edited byAlexei Sokolnikov profile picture
Alexei Sokolnikov
February 24, 2022 4:01 pm
Initial Exchange Offering (IEO)Initial Exchange Offering (IEO) was edited byAlexei Sokolnikov profile picture
Alexei Sokolnikov
February 24, 2022 4:00 pm
Initial Coin Offering (ICO)Initial Coin Offering (ICO) was edited byAlexei Sokolnikov profile picture
Alexei Sokolnikov
February 24, 2022 3:59 pm
Initial Dex OfferingInitial Dex Offering was edited byAlexei Sokolnikov profile picture
Alexei Sokolnikov
February 22, 2022 12:02 pm
Table  (+3 rows) (+5 cells) (+120 characters)

Company
CEO
Location
Products/Services

Raven Protocol IDO

https://www.ravenprotocol.com/

SushiSwap IDO

Universal Market Access Protocol IDO

https://umaproject.org/

Initial Dex OfferingInitial Dex Offering was edited byAlexei Sokolnikov profile picture
Alexei Sokolnikov
February 22, 2022 11:57 am
Article

Some experts think that the crypto bubble is soon to burst. And this fact has flooded some investors to participate in the trading for speculating.

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Deactivated Topic
was edited byAlexei Sokolnikov profile picture
Alexei Sokolnikov
February 22, 2022 11:55 am
Article  (+163 characters)
Top countries by Bitcoin hashrate

The total Bitcoin hashrate is 230 Eh/s.

  1. United States of America (35,4%)
  2. Kazakhstan (18,1%)
  3. Russia (11,2%)
  4. Canada (9,5%)
  5. Ireland (4,6%)
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Deactivated Topic
was edited byAlexei Sokolnikov profile picture
Alexei Sokolnikov
February 8, 2022 8:51 am
Article  (+2205 characters)
Types of mining
CPU

Using one or more processors to solve mathematical problems is the easiest way to mine. Initially, it was the most popular way to mine Bitcoin, but then it lost in terms of GPU and ASIC power, becoming inefficient. Now multi-core processors can be used to mine young altcoins, where a lot of power is not required.

GPU

The use of discrete graphics cards has become a more efficient replacement for the CPU. Their efficiency is many times greater than the standard power of processors. Due to the great popularity of mining, a massive purchase of video cards began all over the world, which led to their shortage. However, according to some experts, the cost of video cards will fall in the near future.

FPGA

The GPU has been replaced by FPGA (Field Programmable Gate Array). He suggests using a video card with the ability to reprogram for a more profitable mining algorithm. The low power consumption and improved performance compared to the GPU have given impetus to the development of the FPGA.

ASIC

Unlike CPU, GPU, FPGA where computer hardware is used, ASIC (Application Specific Integrated Circuit) is a specialized mining package. It may not work for a computer or some other device. The solution is focused on working with the analysis algorithm. It has high performance, located far beyond other types of mining.

Pros and Cons

Options with CPU and GPU mining are the most budgetary. They allow you to switch from less profitable coins to more profitable ones quickly and easily, but at the same time, these options are already inefficient, like FPGAs and ASICs.

FPGA is much more efficient than CPU and GPU mining and can compete with ASIC. Automatically switch from coin to coin, but this requires programming and is not exactly a cheap way. Its cost is about 4000 US dollars. Also sellers don't give a long warranty in GPU detection, where warranty can be found even 3 years.

ASIC is a sufficient solution. Attachments in farms account for productivity and good profitability. Easy to play and does not require learning languages. But the solution is "sharpened" for only one algorithm. Changing it to another one is easy and fast, as in the case of CPU, GPU and FPGA, it will not work.

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Deactivated Topic
was edited byAlexei Sokolnikov profile picture
Alexei Sokolnikov
February 7, 2022 8:39 am
Topic thumbnail

Mining

Crypto - mining

This is the process of earning cryptocurrency by providing the power of your computer equipment.

Article  (+842/-566 characters)

- Miners, using the power of their hardware, take new transactions and pack them into blocks and thereby try to add a new block to the chain

- When the task is solved, a new block is added to the chain, data about it is sent to all participants. All participants in the system check whether the problem is solved correctly, and if so, a new bitcoin is minted and it is received by the miner who first solved the problem.

- The difficulty of the task is constantly calibrated by the blockchain algorithm - in order to mathematically limit the number of issued bitcoins.

In mining, your computer hardware is involved in creating, validating, or chaining blocks on a specific blockchain network (Bitcoin, Ethereum, etc.). Thus, your computer participates in the full service of the crypto project and receives a reward for this - digital coins or tokens.

  • Miners, using the power of their hardware, take new transactions and pack them into blocks and thereby try to add a new block to the chain
  • When the task is solved, a new block is added to the chain, data about it is sent to all participants. All participants in the system check whether the problem is solved correctly, and if so, a new bitcoin is minted and it is received by the miner who first solved the problem.
  • The difficulty of the task is constantly calibrated by the blockchain algorithm - in order to mathematically limit the number of issued bitcoins.

Initial Dex OfferingInitial Dex Offering was edited byAlexei Sokolnikov profile picture
Alexei Sokolnikov
February 1, 2022 9:44 am
Article  (+190 characters)

The SEC (Securities and Exchange Commission of USA) warned investors to be aware of scammers. They use special peculiarities of decentralized exchanges for pump and dump schemes. A recent mania has given rise to some blatant ripoffs in which companies take investors money but fail to build the promised blockchain application. But it’s also leading to more indirect scams—such as what the SEC warned about in a notice.

A bubble

Some experts think that the crypto bubble is soon to burst. And this fact has flooded some investors to participate in the trading for speculating.

Initial Dex OfferingInitial Dex Offering was edited byAlexei Sokolnikov profile picture
Alexei Sokolnikov
February 1, 2022 9:40 am
Article  (+416 characters)

...
No regulation
...
Mechanism for scams

The SEC (Securities and Exchange Commission of USA) warned investors to be aware of scammers. They use special peculiarities of decentralized exchanges for pump and dump A recent mania has given rise to some blatant ripoffs in which companies take investors money but fail to build the promised blockchain application. But it’s also leading to more indirect scams—such as what the SEC

Initial Dex OfferingInitial Dex Offering was edited byAlexei Sokolnikov profile picture
Alexei Sokolnikov
January 31, 2022 4:39 pm
Initial Dex OfferingInitial Dex Offering was edited byAlexei Sokolnikov profile picture
Alexei Sokolnikov
January 28, 2022 11:48 am
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Initial Dex Offering (IDO)

Initial Dex Offering (IDO) is a new way to attract investors' money to crypto projects. The main difference from ICO is that the project is listed on a decentralized exchange (DEX)

Article  (+868 characters)
History

One of the main problems in conducting an ICO is the problem of fraud. Investors never know who is really behind the project - a talented development team or a group of scammers. For example, in 2022 the blockchain security company PeckShield has compiled a list of 50 potentially fraudulent tokens. All of them are hosted on Binance SmartChain.

The solution to this problem was IDO. Now the development team needs to place their project on a decentralized crypto exchange, linking a liquidity pool to it. Thus, most of the scammers are eliminated, since the investments may be less than the liquidity pool.

Criticism

The IDO has been criticized for its lack of clear rules for the token placement process. In fact, each exchange independently determines the rules, time and requirements for each project. This creates an uneven playing field for similar projects.

Initial Dex OfferingInitial Dex Offering was created byAlexei Sokolnikov profile picture
Alexei Sokolnikov
"Created via: Web app"
January 28, 2022 11:44 am
Initial Dex Offering

Initial Dex Offering

Initial Dex Offering (IDO) is a new way to attract investors' money to crypto projects. The main difference from ICO is that the project is listed on a decentralized exchange (DEX)