#Quorum Model

[brittsekland]

Actress, model and singer Amanda Lear models fashion by Quorum, 6th August 1968.

[earthgeco]

@heathersdesk as promised here's the explanation of my theory about the importance of imperfection in the church for the perfection of the saints.

As is the way of the Lord this starts several years ago when I was on my mission, where I finally actually understood the importance of trials in our lives.

Newtons third law states that for every action there is an equal and opposite reaction. If we want to walk forward we need to overcome two forces: gravity, and friction.

Gravity and friction make walking difficult, BUT if we did not have those oppositions there would be no movement. If there were a room with no gravity and no friction, there would be no movement. We would just flail around and never get anywhere, much less toward our goal.

Trials are our spiritual gravity and friction. They provide the opposing force from which we push. To be perfected is a process of trial and growth, trial and growth, trial and growth. It will not be easy but it the only way we can come unto Christ and become like our Heavenly Parents.

Last conference was hard for me and I only ended up watching about half a session, though I have since read some of the talks and quite liked them. It didn't push me out of the church, but it got close. I had recently come out as gender-queer and started using they/them. It made me wonder. I had received personal revelation from the Lord that my gender identity and expression was part of my eternal identity and supported by Them, so why was the quorum of the twelve and the first presidency teaching contrary to this? My answer as typical of the Lord came from an old institute teacher who I had once spent nearly an hour arguing with about trans rights. He was substituting for the class I was in and we were talking about the organization of the church.

Ephesians 4:11-17 teaches us about the organization of the church saying:

11.And he gave some, apostles; and to some, prophets; and to some, evangelists; and to some, pastors, and teachers;

12.For the perfecting of the saints, for the work of the ministry, for the edifying of the body of Christ:

13.Till we all come in the unity of the faith, and of the knowledge of the Son of God, unto a perfect man, unto the measure of the stature of the fullness of Christ.

14.That we are henceforth be no more children, tossed to and fro, and carried about with every wind of doctrine, by the sleight of men, and the cunning craftiness, whereby they lie in wait to deceive

15.But speaking the truth in love, may grow up unto him in all things, which is the head, even Christ:

16.From whom the whole body fitly joined together and compacted by that which every joint supplieth, according to the effectual working inn the measure of every part, maketh increase of the body unto the edifying of itself in love.

17.This I say therefore, and testify in the Lord, that ye henceforth walk not as other gentiles walk, in the vanity of their mind.

The Church is organized intentionally it is imperfect by design.

"For the perfecting of the saints," trials are the biggest perfecting force in life. So we are perfected both by good and bad experiences within the church and by good and bad experiences with the members of the church.

"In the unity of the faith," becoming unified doesn't happen on accident, a common group dynamic model identifies "storming" or a period of disagreement and struggle as a fundamental part of growing an effective team. Overcoming the struggle is what unifies us.

"Be no more children, tossed to and fro," learning to love imperfect people and finding the good in everyone helps us learn who we are and what we believe which will ground us in Christ.

"But speaking the truth in love...even Christ," Recognizing that Christ is the truth and learning to share the his gospel with love helps us and those around us grow closer to him.

Each part and person in the church is important for the whole to improve every person every policy no matter how harmful it is is there for a reason, so each member of the church can learn and grow. That's not to say we must accept everything. It is often in fighting for change we grow the most. We are not the "true church" because we are the best, or even that we are right about everything. This is the true church because we have the living gospel and we learn and grow together. We work together for the edifying and perfecting of the saints.

[quotesfrommyreading]

Athenian democracy was different from the much later American form, not only because it was the expression of a single city-state but because it was a direct, rather than a representative, democracy. To us, looking backwards, it may seem imprudent to invite on all major initiatives, but Solon was right to appreciate that no Athenian freeman could allow himself to be let out of anything.

The continual buzz of conversation, the orotund sounds of the orators, the shrill shouts from the symposia – this steady drumbeat of opinion, controversy, and conflict could everywhere be heard. The agora (marketplace) was not just a daily display of fish and farm goods; it was an everyday market of ideas, the place citizens used as if it were their daily newspaper, complete with salacious headlines, breaking news, columns, and editorials. For more formal occasions, there nested beside the Acropolis the hill of the Pnyx, where thousands of citizens voted in their Assembly. They faced the bēma (speaker's platform) and, behind the speaker, the ever-changing backdrop of Athens itself. Though there were wooden benches, set into the steps of the hill, participants were too taken up by the proceedings to bother to sit down. The word the Athenians used for their Assembly was Ekklēsia, the same word used in the New Testament for Church (and it is the greatest philological irony in all of Western history that this word, which connoted equal participation in all deliberations by all members, came to designate a kind of self-perpetuating, self-protective Spartan gerousia – which would have seemed patent nonsense to Greek-speaking Christians of New Testament times, who believed themselves to be equal members of their Assembly).

Ten thousand men could be accommodated comfortably, fifteen thousand umcomfortably, on the Pnyx, where the Assembly convened forty times a year, each meeting lasting but a couple of hours. Six thousand citizens constituted the quorum necessary for ratification of many of the decrees. Imagine many of your fellow citizens – at least twenty percent of them, sometimes as many as fifty percent – squeezing forty times a year into an open-air stadium, listening to debates, noisily electing magistrates (including the ten stratēgoi chosen annually to conduct the city's wars), voting on decrees by a show of hands, impaneling jurors. On each of the popular courts, called dicastēria, 201 to 501 citizens served as both judges and jurors, the number of citizens depending on the seriousness of the matter under consideration. Once a year, the citizens voted on whether or not they should hold an ostracism. If the majority voted yes, each member of the Assembly then wrote on an ostrakon (potsherd) the name of the person he felt the city could do best without. Whoever turned up on the most ostraka was banished for ten years, after which time he could return, his property still intact. In this way, would-be tyrants – and not a few other nuisances – were eliminated. (If at first the primitiveness of this procedure shocks you, consider for a moment what benefits it could bring to your city.)

Athens, the world's first attempt at democracy – a Greek word meaning “rule by the people” – still stands out as the most wildly participatory government in history. Never again would such a broadly based, decidedly nonrepresentative model be attempted. And, given the compactness of Athens, the theatrical extroversion of its citizenry, and the consequent excitement of their meetings, it worked.

  —  Sailing the Wine-Dark Sea: Why the Greeks Matter (Thomas Cahill)

[film-classics]

Greta Garbo - The Face of the Century

Greta Garbo (born Greta Lovisa Gustafsson in Stockholm, Sweden on 18 September 1905) was a Swedish-born actress who built her global appeal on a carefully maintained mystique during her short career. Called "The Face of the Century," she is regarded as one of the Hollywood's greatest beauties.

Garbo was born into a poor family and dropped out of school at 13 to take care of her father. His death deeply affected her and promised to make a life for herself that was void of financial hardship.

Following her father's death, Garbo worked as a salesperson at PUB department store.  After modeling for the store's catalogues, she earned a more lucrative job as a fashion model, which led to a role in her first film in 1922.

She then earned a scholarship at the Royal Dramatic Training Academy, where she met Finnish director Mauritz Stiller, who became her mentor.  Louis B. Mayer of Metro-Goldwyn-Mayer wanted Stiller in Hollywood. The director agreed to a contract with one condition: Garbo. Reluctantly, Mayer inked her a deal, too.

She made her first MGM film in 1926, and by 1928, had become MGM's highest box-office star with A Woman of Affairs. She followed it up with several more hits, including Camille (1936). Her career slowed down in the 1940s and retired at 35.

After retiring, Garbo declined all opportunities to appear onscreen, shunned publicity, and led a private life. She died, aged 84, in a New York, as a result of pneumonia and renal failure.

Legacy:

Nominated three times for the Academy Award for Best Actress for her performances in Romance (1930), Camille (1936), and Two-Faced Woman (1941)

Presented an Academy Honorary Award in 1955

Received the New York Film Critics Circle Award for Best Actress twice: Anna Karenina (1935) and Camille (1936)

Won the National Board of Review Best Acting Award three times: Camille (1936), Ninotchka (1939), and Two-Faced Woman (1941)

Was the highest-paid star at MGM for most of her career

Won the Photoplay Awards - Best Performances of the Month for a record eight times: May and December 1926, February and November 1927, March and September 1928, and January and March 1929

Won Best Actress for Anna Christie (1930) and Queen Christina (1933) from Picturegoer Awards

Listed by the Motion Picture Herald as one of America’s top-10 box office draws from 1930 to 1932

Was one of the subjects of French composer Charles Koechlin's "Seven Stars Symphony" (1933)

Granted the Swedish royal medal Litteris et Artibus in 1937

Is one of the celebrities whose picture Anne Frank placed on the wall of her bedroom in the “Secret Annex” in 1942

Voted "Best Actress of the Half Century" in a 1950 Daily Variety opinion poll

Named “the most beautiful woman that ever lived” in 1954 by Guinness World Records

Given the George Eastman Award by George Eastman House in 1957

Has appeared on many postage stamps from, among others, Swedish Posten in 1980 and 2005, Correos de Cuba in 1995, Deutsche Post in 2001, US Postal Service in 2005, Poșta Română issue in 2005, and Australia Post in 2008,

Made a Commander of the Swedish Order of the Polar Star by order of King Carl XVI Gustaf in 1983

Depicted in the film Garbo Talks (1984)

Awarded the Illis Quorum by the government of Sweden in 1985

Had a star was named after her in 1985

Has appeared on commemorative coins from Germany in 1994, France in 1995, and Sweden in 2005

Listed 25th in Entertainment Weekly’s 100 Greatest Movie Stars of All Time in 1998

Ranked #38 in Empire's Top 100 Movie Stars in 1997

Has had a museum, the Garbosällskapet, dedicated to her in Högsby since 1998

Named the 5th-greatest female star of classic Hollywood cinema in 1999 by the American Film Institute

Inducted in the Online Film and Television Association Hall of Fame in 2002

Ranked #8 in Premiere magazine’s 50 Greatest Movie Stars of All Time in 2005 and #25 in 100 Greatest Performances of All Time in 2006 for Ninotchka (1939)

Honored by Stockholm City Council in 1992 with a square, Greta Garbos Torg, and a bust of her likeness in 2009

Honored by Norwegian Air Shuttle as its "Tail-fin Hero" on its Boeing 787 Dreamliner in 2016

Featured on 100-krona banknote by Sveriges Riksbank since 2018

Featured in an exhibit at the Postmuseum in 2005, the Belmacz in 2013, the Fotografiska in 2016, the Staley-Wise Gallery in 2016, and Galerie56 in 2023

Honored as Turner Classic Movies Star of the Month for April 2019

Honored with a statue of her, "Statue of Integrity," in 2016, located in the forest in Härjedalen

Has a star on the Hollywood Walk of Fame at 7021 Hollywood Boulevard for motion picture

[sukipotier]

Annie Sabroux, (possibly) Douglas Earle, Suki Potier, Bill Chenail, and two others. Photographed in Ossie Clark/Quorum regalia, outside 52 Radnor Walk, Chelsea in Spring 1968 by Billy Ray

52 Radnor Walk was the location of Quorom, English Boy Ltd and also where Suki and Brian Jones lived for a period in 1968.

The photo shoot took place for a feature on his/hers clothing for the June 21st issue of Life Magazine but unfortunately the images weren't used. However, images of fellow English Boy models Kari-Ann Muller and Rufus Potts Dawson were used, showing the pair in his/hers clothing from the Apple Boutique.

Credits to waybackinthe1960s on Instagram

[ludmilachaibemachado]

English Boy Ltd models Annie Sabroux, (possibly) Douglas Earle, Suki Potier, Bill Chenail and two others - not identified - photographed in Ossie Clark/Quorum regalia, outside 52 Radnor Walk, Chelsea in Spring 1968 by Bill Ray🌿

52 Radnor Walk was the location of Quorum, English Boy Ltd and also where Suki and Brian Jones lived for a period🌿

Via @waybackinthe1960s on Instagram🇬🇧

[shadowsong26fic]

Coming Attractions!

Once again, I don’t have a whole lot of updates, alas. But this year is already looking more active, writing-wise, than last year, so I have high hopes!

Plug for my writing discord if you’d like to hang out--it’s pretty quiet, especially lately, but is more or less intended to be a more interactive extension of this blog.

Also, we’ll go ahead and do an open question night! Anything I’ve posted about here or on AO3 is fair game. My askbox is always open, but tonight I’m around and keeping at least a vague eye on it. I do take prompts, but I do not promise to fulfil them in a timely manner, lol.

Precipice!Verse

Probably won’t be out this month, especially since I really need to kick into gear on my BB project, but I have not abandoned it--I’ve put too much into this to abandon it, lol.

SWBB:

Based on feedback from my last question post, I am going to do something where Padme’s ship never landed on Tatooine (they got their repairs elsewhere, I guess) and Anakin and Ahsoka meet and have an Adventure during the Clone War. Specifics to be determined, but it’ll be a fun ride, I’m sure. XD

OTP Meme:

I am very proud of myself for getting all five done last month! And I know...more or less what I’m doing for four of the five for this month (figuring out the Specifics for one of those four, and as yet Undecided for the fifth). I’m really glad I decided to do this, it’s definitely getting me to get stuff out.

The Other Battlestar:

Still needs a better title; but I really do think I’ll get started posting this month (I know I keep saying that but shhh). Not a formal teaser, but because there are some Key OCs in order to make the plot work, so a little bit of info on them!

Vance Kimble - around fifty; actor; went to college with Wallace Gray; will take Baltar’s Politics storylines (which, within the bounds of how far I want to go here, means Caprica’s representative on the Quorum and eventually VP; but if I do change my mind and go past the Pegasus arc, he’ll also team up with Zarek to run for President)

Atia Reyes-Baltar - will take Baltar’s Science storylines (because there is no way to build someone who can do Both the way he does); also at least part of the reason he doesn’t end up on Boomer’s Raptor (because he’s looking for her, he takes a different route when he flees his house)

Daphne Reed - Senior Medical Officer on Pegasus. ...yep, not much else to say about her that doesn’t Give Things Away, lol.

Cornelius Felden - highest-ranking Marine officer on Pegasus (tentatively a Captain since who the fuck knows how Marine officer ranks work we have never seen a Marine commissioned officer); originally from Aerilon.

Simon O’Neill - no, not that one. Or that one. ...no, not that one, either. sorry I couldn’t resist Officially a pediatrician; part of the civilian fleet that Pegasus strips; gets drafted for his medical degree. ((also is there. like. a Convention for tagging Cylon OCs? Especially ones that use their model’s Shared Name?))

There’s an additional selectee for Daphne’s department but Simon is the important one; Ileana Fortuna (an old OC of mine, one of Zarek’s aides) may also make an appearance here and there but will probably not be Significant.

...I think that covers pretty much everything I have in the Immediate pipeline; but there are other things percolating on a more long-range timescale (actually doing a SW/BSG crossover; some of my other SW-alone projects, expanding on a couple of the AUs I’m building for the OTP meme fills, etc.) So...there it is! Relatively short update, like I said, lol.

Also, not writing, but I dug up some old BSG fanmixes I made my first time around in the fandom, and made some Comments about them on my personal blog, if you’re curious: Season 3 mix; Cylon ship mix; Baltar/Six mix.

[allthebrazilianpolitics]

Eased takeover rules attract funds to Brazilian listed companies

Changes in quorum requirements make it easier to take companies private

The recent delisting of insurance broker Alper by U.S. private equity group Warburg Pincus marked a significant milestone for this industry, drawing close attention from market players. This was the first transaction involving the acquisition of control of a publicly-traded company on Brazil’s B3 exchange by a private equity fund in nearly 15 years, leading to its delisting. The last such buyout took place in 2010, when Apax acquired control of IT company Tivit and took it private.

Henrique Muramoto, who oversees Warburg Pincus’s operations in Brazil, noted that this was the firm’s first such transaction in the country. He recalled that this model is commonly used by private equity funds in the U.S. “We are looking at one or two opportunities with similar characteristics,” he said. Mr. Muramoto shared that since finalizing the desilting of Alper, banks and funds had approached him to inquire about the process, leading him to project that more transactions of this kind are likely to occur.

The transaction began to take shape in 2023. After meeting with four key shareholders of the insurance company, Warburg Pincus launched a voluntary takeover bid to acquire up to 100% of the company’s shares, with a premium of 40% over the market value. In this public acquisition offer (OPA), the fund achieved the minimum necessary quorum and purchased 72% of the company’s shares. Later, when applying for a second OPA for the cancellation of registration and delisting, the fund requested that the Securities and Exchange Commission of Brazil (CVM) consider the quorum from the first meeting—meaning they would not need two-thirds of shareholders to proceed with the new offer. Their strategy referenced a precedent involving Eletropaulo, where the energy company successfully obtained this flexibility. In this transaction, the fund was advised by Trindade Advogados and BTG Pactual.

The current OPA rules mandate a new quorum of at least two-thirds for the second OPA (of delisting). The challenge is that, at this stage, the liquidity of the shares is significantly reduced due to the previous offer, leaving the quorum in the hands of shareholders who either did not sell their shares in the first OPA or did not attend the meeting. This situation complicates the take-private process, leading funds to fear that the process might “die on the vine,” with the private equity fund becoming “trapped” in a listed company without liquidity.

Continue reading.

[bentonkole6]

Koi finance: Invest & trade, earn yields, and participate in Bonds all on one decentralized, community driven platform

Koi Finance INTRODUCTION

Koi Finance, formerly known as Mute, is a DeFi platform, serving as a liquidity hub for all projects on zkSync. Mute dynamic dApp features both a concentrated and standard pool AMM DEX,complete with limit orders,a farming platform. KOI is A next generation DAO governed. ZkRollup DeFi Platform. Trade, earn yields, and participate in Bonds all on one decentralized, community driven platform. Koi farming pools is a liquidity reward protocol that allows LPs to gain additional revenue APY & take part in the Koi ecosystem. Amplifier rewards are fueled by platform revenue and fees, which come directly from the buy back.

Koi finance FEATURES

Swap: Koi's swapping mechanism finalizes within 1s and keeps gas costs extremely low. You don't even need ETH in your wallet.

$0.10 - $0.20 gas fees

Pay gas with any token, no ETH needed

Access to deep liquidity

Pools: Koi is designed to have a dynamic setup for Liquidity Pools so that both Stable and Normal AMM curves can be utilized.

Stable and normal curve range

Fee accumulation outside of LP position

Participate in select farming pools

Farming: Koi farming pools use a fixed APY calculation that allows users to pre-determine the rewards they will earn over a 30 day period.

Fixed APY model

Gauranteed reward payouts

No lockup

ve DAO: Koi's DAO governnace works by locking up tokens into a vote-escrow NFT. The longer the lock, the more vote shares you earn.

Participate in voting

Access to higher farming APYs

Revenue sharing (soon)

veKOI

DAO and Governance

The native Koi token, KOI, functions as a utility towards unlocking accessibility into the Koi DAO, which is a locked based vote system based on a ve NFT model, veKOI (Vote Escrow Locked Koi). This veNFT can be transferred, sold, and eventually burned for the underlying koi it owns once its lock period is expired.

This lock based system requires KOI holders to lock their KOI for a period of time (7- 728 days), and in return receive a new NFT, veKOI. This veKOI NFT is custom NFT for every user who locks their Koi in return of a veNFT. The NFT holds 3 important metadata variables:

Underlying Koi Amount locked (for future redemptions)

Total vote share weight

Expiry date

After the lock period is expired, you are able to redeem and burn your veKOI NFT back to your original KOI balance, continue to hold your veKOI, or redeem & re-up a different time lock.

Specifications

Minimum lock time: 7 days

Maximum lock time: 728 days

Increment of lock period: 7 days

veKOI vote utility:

Dictates a users Amplifier Boost of a Amplifier Pool

Modifications to the AMM protocol fee (0.1% currently, can be fixed or dynamic depending on pair)

Creation of additional Amplifier pools and reward distributions

Creation of additional Bond Offerings and distributions

Ownership over the protocol treasury

All Koi DAO utility

veKOI available custom functionality:

Split veKOI into smaller veKOI NFTs

Merge two veKOI NFTs into one

Increase veKOI lock period to a greater one

Governor

Governor & Timelock specs

The Koi DAO uses a dual contract setup (Governor & Governor Timelock) that allows proposals to be created with an additional layer of security.

The Governor contract is responsible for the arbitrary logic that the governance mechanism works off of, and the Timelock contract is the core module that holds funds and owns other contracts. The Timelock contract also allows users to exit the system if they disagree with a decision before it is executed. This safety delay is 2 days after a proposal gets passed.

The Koi DAO UI can be accessed through Tally: https://www.tally.xyz/gov/mute

Specifications

Minimum proposal threshold: 50,000 veKOI vote shares Minimum Quorum: 10% of the total vote share supply with 50%+ in favor

Vote delay: 1 day

Vote period: 3 days

Execution delay: 2 days

Koi Farming Pools

Koi farming pools is a liquidity reward protocol that allows LPs to gain additional revenue APY & take part in the Koi ecosystem. Amplifier rewards are fueled by platform revenue and fees, which come directly from the buy back and make system the Koite DAO has in place.

Do note, there are not amplifier pairs for every liquidity pair on the Switch. Rather, amplified pairs are decided up by the team and Koi DAO. There will be amplified pairs for important base liquidity pairs such as ETH/USDC, WBTC/USDC etc. These will be linked and updated on this page as those become available.

The Koi Farming pool protocol has introduced a novel system that sets it apart from traditional dynamic farming models by implementing a static APY model. This innovative approach enables the protocol, as well as its partners & users, to generate calculated revenue based on the rewards distributed to farmers.

The base APY in an amplifier is static. Additionally, if the pool has an extra amplifier APY set, the max apy is determined by a ratio of the users Ve vote share value to the lp value being deposited.

Rewards are allocated immediately upon deposit and disbursed gradually over the month based on user redemptions. If the user chooses to withdraw their funds prematurely, they forfeit the remaining unmatured rewards.

To own the max Amplified APY, you must have a vote share value of equal or greater to the value of lp being deposited.

Your veKOI votes/holdings carry over to all amplifiers. If you are providing your LP to two amplifiers, your veKOI vote share balance is not split among them. Taking the previous example, if you provided LP on two pairs using those same exact numbers as above, your APY on both would be 12.5%. This is to encourage participation in all pools.

KOI Tokenomics

Max Supply: 1,000,000,000 KOI Circulating Supply: 500,000,000 KOI

Token Allocation: As tokens are allocated, vested, and unlocked, these numbers will be updated. Circulating (prev. Mute token swap): 50% Ecosystem Incentives: 30% Future Investors (reserved): 7% DAO: 6% Future Advisors (reserved): 4% Investors & Advisors (12-18 month vests): 3%

Roadmap

Big picture roadmap - subject to change

Complete

Mainnet Release May, 2023.

Farming Program: A liquidity reward protocol rolled out to incentivize high-value projects to provide liquidity on Koi. A fixed APY farming model that allows for efficient reward distributions.

Bond Infra: A Bond marketplace rolled out to give projects tooling to increase their PoL.

Paymaster: Pay fees in any tokens traded on Koi

veDAO: Vote-escrow model for Koi tokens. Get access to the KOI DAO, boosted farming APYs, and revenue sharing (Q1 2024)

Q1/Q2 2024

Mute -> Koi rebrand & token swap

Rebranded ecosystem with overhauled tokenomics

veKoi revenue sharing: Integrate revenue sharing mechanisms from protocol generated fees for veKoi lockers.

Concentrated liquidity pools, limit orders, trading strategies: Deploy and integrated concentrated liquidity pools with limit orders, range orders, recurring orders, and overlapping liquidity segmentation.

Koi finance Social media link:

Website: https://koi.finance/ Whitepaper: https://wiki.mute.io/mute/info/tokenomics-1 Twitter: https://twitter.com/koi_finance Discord: https://discord.com/invite/muteio Telegram Community: https://t.me/mute_iol

AUTHOR

Bitcointalk name: Benton Kole Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=3475499 Telegram username: @BentonKole Wallet address: 0xede0B0eDEBc788F99BEB151Fa36aD2f139870EcB

[raxonrally]

Koi finance: Dive into Koi's Liquidity Hub on zkSync for Gas-less Swaps and Dynamic Features

Koi Finance INTRODUCTION

Koi Finance, formerly known as Mute, is a DeFi platform, serving as a liquidity hub for all projects on zkSync. Mute dynamic dApp features both a concentrated and standard pool AMM DEX,complete with limit orders,a farming platform. KOI is A next generation DAO governed. ZkRollup DeFi Platform. Trade, earn yields, and participate in Bonds all on one decentralized, community driven platform. Koi farming pools is a liquidity reward protocol that allows LPs to gain additional revenue APY & take part in the Koi ecosystem. Amplifier rewards are fueled by platform revenue and fees, which come directly from the buy back.

Koi finance FEATURES

Swap: Koi's swapping mechanism finalizes within 1s and keeps gas costs extremely low. You don't even need ETH in your wallet.

$0.10 - $0.20 gas fees

Pay gas with any token, no ETH needed

Access to deep liquidity

Pools: Koi is designed to have a dynamic setup for Liquidity Pools so that both Stable and Normal AMM curves can be utilized.

Stable and normal curve range

Fee accumulation outside of LP position

Participate in select farming pools

Farming: Koi farming pools use a fixed APY calculation that allows users to pre-determine the rewards they will earn over a 30 day period.

Fixed APY model

Gauranteed reward payouts

No lockup

ve DAO: Koi's DAO governnace works by locking up tokens into a vote-escrow NFT. The longer the lock, the more vote shares you earn.

Participate in voting

Access to higher farming APYs

Revenue sharing (soon)

veKOI

DAO and Governance

The native Koi token, KOI, functions as a utility towards unlocking accessibility into the Koi DAO, which is a locked based vote system based on a ve NFT model, veKOI (Vote Escrow Locked Koi). This veNFT can be transferred, sold, and eventually burned for the underlying koi it owns once its lock period is expired.

This lock based system requires KOI holders to lock their KOI for a period of time (7- 728 days), and in return receive a new NFT, veKOI. This veKOI NFT is custom NFT for every user who locks their Koi in return of a veNFT. The NFT holds 3 important metadata variables:

Underlying Koi Amount locked (for future redemptions)

Total vote share weight

Expiry date

After the lock period is expired, you are able to redeem and burn your veKOI NFT back to your original KOI balance, continue to hold your veKOI, or redeem & re-up a different time lock.

Specifications

Minimum lock time: 7 days

Maximum lock time: 728 days

Increment of lock period: 7 days

veKOI vote utility:

Dictates a users Amplifier Boost of a Amplifier Pool

Modifications to the AMM protocol fee (0.1% currently, can be fixed or dynamic depending on pair)

Creation of additional Amplifier pools and reward distributions

Creation of additional Bond Offerings and distributions

Ownership over the protocol treasury

All Koi DAO utility

veKOI available custom functionality:

Split veKOI into smaller veKOI NFTs

Merge two veKOI NFTs into one

Increase veKOI lock period to a greater one

Governor

Governor & Timelock specs

The Koi DAO uses a dual contract setup (Governor & Governor Timelock) that allows proposals to be created with an additional layer of security.

The Governor contract is responsible for the arbitrary logic that the governance mechanism works off of, and the Timelock contract is the core module that holds funds and owns other contracts. The Timelock contract also allows users to exit the system if they disagree with a decision before it is executed. This safety delay is 2 days after a proposal gets passed.

The Koi DAO UI can be accessed through Tally: https://www.tally.xyz/gov/mute

Specifications

Minimum proposal threshold: 50,000 veKOI vote shares Minimum Quorum: 10% of the total vote share supply with 50%+ in favor

Vote delay: 1 day

Vote period: 3 days

Execution delay: 2 days

Koi Farming Pools

Koi farming pools is a liquidity reward protocol that allows LPs to gain additional revenue APY & take part in the Koi ecosystem. Amplifier rewards are fueled by platform revenue and fees, which come directly from the buy back and make system the Koite DAO has in place.

Do note, there are not amplifier pairs for every liquidity pair on the Switch. Rather, amplified pairs are decided up by the team and Koi DAO. There will be amplified pairs for important base liquidity pairs such as ETH/USDC, WBTC/USDC etc. These will be linked and updated on this page as those become available.

The Koi Farming pool protocol has introduced a novel system that sets it apart from traditional dynamic farming models by implementing a static APY model. This innovative approach enables the protocol, as well as its partners & users, to generate calculated revenue based on the rewards distributed to farmers.

The base APY in an amplifier is static. Additionally, if the pool has an extra amplifier APY set, the max apy is determined by a ratio of the users Ve vote share value to the lp value being deposited.

Rewards are allocated immediately upon deposit and disbursed gradually over the month based on user redemptions. If the user chooses to withdraw their funds prematurely, they forfeit the remaining unmatured rewards.

To own the max Amplified APY, you must have a vote share value of equal or greater to the value of lp being deposited.

Your veKOI votes/holdings carry over to all amplifiers. If you are providing your LP to two amplifiers, your veKOI vote share balance is not split among them. Taking the previous example, if you provided LP on two pairs using those same exact numbers as above, your APY on both would be 12.5%. This is to encourage participation in all pools.

KOI Tokenomics

Max Supply: 1,000,000,000 KOI Circulating Supply: 500,000,000 KOI

Token Allocation: As tokens are allocated, vested, and unlocked, these numbers will be updated. Circulating (prev. Mute token swap): 50% Ecosystem Incentives: 30% Future Investors (reserved): 7% DAO: 6% Future Advisors (reserved): 4% Investors & Advisors (12-18 month vests): 3%

Roadmap

Big picture roadmap - subject to change

Complete

Mainnet Release May, 2023.

Farming Program: A liquidity reward protocol rolled out to incentivize high-value projects to provide liquidity on Koi. A fixed APY farming model that allows for efficient reward distributions.

Bond Infra: A Bond marketplace rolled out to give projects tooling to increase their PoL.

Paymaster: Pay fees in any tokens traded on Koi

veDAO: Vote-escrow model for Koi tokens. Get access to the KOI DAO, boosted farming APYs, and revenue sharing (Q1 2024)

Q1/Q2 2024

Mute -> Koi rebrand & token swap

Rebranded ecosystem with overhauled tokenomics

veKoi revenue sharing: Integrate revenue sharing mechanisms from protocol generated fees for veKoi lockers.

Concentrated liquidity pools, limit orders, trading strategies: Deploy and integrated concentrated liquidity pools with limit orders, range orders, recurring orders, and overlapping liquidity segmentation.

Koi finance Social media link:

Website: https://koi.finance/ Whitepaper: https://wiki.mute.io/mute/info/tokenomics-1 Twitter: https://twitter.com/koi_finance Discord: https://discord.com/invite/muteio Telegram Community: https://t.me/mute_iol

Author

Bitcointalk name: Raxon Rally Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=3474913 Telegram username: @RaxonRally Wallet address: 0x076970322eb0482c818dE1886d39Ec14950dE1Ff

[silas2kai]

Koi finance: Dive into Koi's Liquidity Hub on zkSync for Gas-less Swaps and Dynamic Features

Koi Finance INTRODUCTION

Koi Finance, formerly known as Mute, is a DeFi platform, serving as a liquidity hub for all projects on zkSync. Mute dynamic dApp features both a concentrated and standard pool AMM DEX,complete with limit orders,a farming platform. KOI is A next generation DAO governed. ZkRollup DeFi Platform. Trade, earn yields, and participate in Bonds all on one decentralized, community driven platform. Koi farming pools is a liquidity reward protocol that allows LPs to gain additional revenue APY & take part in the Koi ecosystem. Amplifier rewards are fueled by platform revenue and fees, which come directly from the buy back.

Koi finance FEATURES

Swap: Koi's swapping mechanism finalizes within 1s and keeps gas costs extremely low. You don't even need ETH in your wallet.

$0.10 - $0.20 gas fees

Pay gas with any token, no ETH needed

Access to deep liquidity

Pools: Koi is designed to have a dynamic setup for Liquidity Pools so that both Stable and Normal AMM curves can be utilized.

Stable and normal curve range

Fee accumulation outside of LP position

Participate in select farming pools

Farming: Koi farming pools use a fixed APY calculation that allows users to pre-determine the rewards they will earn over a 30 day period.

Fixed APY model

Gauranteed reward payouts

No lockup

ve DAO: Koi's DAO governnace works by locking up tokens into a vote-escrow NFT. The longer the lock, the more vote shares you earn.

Participate in voting

Access to higher farming APYs

Revenue sharing (soon)

veKOI

DAO and Governance

The native Koi token, KOI, functions as a utility towards unlocking accessibility into the Koi DAO, which is a locked based vote system based on a ve NFT model, veKOI (Vote Escrow Locked Koi). This veNFT can be transferred, sold, and eventually burned for the underlying koi it owns once its lock period is expired.

This lock based system requires KOI holders to lock their KOI for a period of time (7- 728 days), and in return receive a new NFT, veKOI. This veKOI NFT is custom NFT for every user who locks their Koi in return of a veNFT. The NFT holds 3 important metadata variables:

Underlying Koi Amount locked (for future redemptions)

Total vote share weight

Expiry date

After the lock period is expired, you are able to redeem and burn your veKOI NFT back to your original KOI balance, continue to hold your veKOI, or redeem & re-up a different time lock.

Specifications

Minimum lock time: 7 days

Maximum lock time: 728 days

Increment of lock period: 7 days

veKOI vote utility:

Dictates a users Amplifier Boost of a Amplifier Pool

Modifications to the AMM protocol fee (0.1% currently, can be fixed or dynamic depending on pair)

Creation of additional Amplifier pools and reward distributions

Creation of additional Bond Offerings and distributions

Ownership over the protocol treasury

All Koi DAO utility

veKOI available custom functionality:

Split veKOI into smaller veKOI NFTs

Merge two veKOI NFTs into one

Increase veKOI lock period to a greater one

Governor

Governor & Timelock specs

The Koi DAO uses a dual contract setup (Governor & Governor Timelock) that allows proposals to be created with an additional layer of security.

The Governor contract is responsible for the arbitrary logic that the governance mechanism works off of, and the Timelock contract is the core module that holds funds and owns other contracts. The Timelock contract also allows users to exit the system if they disagree with a decision before it is executed. This safety delay is 2 days after a proposal gets passed.

The Koi DAO UI can be accessed through Tally: https://www.tally.xyz/gov/mute

Specifications

Minimum proposal threshold: 50,000 veKOI vote shares Minimum Quorum: 10% of the total vote share supply with 50%+ in favor

Vote delay: 1 day

Vote period: 3 days

Execution delay: 2 days

Koi Farming Pools

Koi farming pools is a liquidity reward protocol that allows LPs to gain additional revenue APY & take part in the Koi ecosystem. Amplifier rewards are fueled by platform revenue and fees, which come directly from the buy back and make system the Koite DAO has in place.

Do note, there are not amplifier pairs for every liquidity pair on the Switch. Rather, amplified pairs are decided up by the team and Koi DAO. There will be amplified pairs for important base liquidity pairs such as ETH/USDC, WBTC/USDC etc. These will be linked and updated on this page as those become available.

The Koi Farming pool protocol has introduced a novel system that sets it apart from traditional dynamic farming models by implementing a static APY model. This innovative approach enables the protocol, as well as its partners & users, to generate calculated revenue based on the rewards distributed to farmers.

The base APY in an amplifier is static. Additionally, if the pool has an extra amplifier APY set, the max apy is determined by a ratio of the users Ve vote share value to the lp value being deposited.

Rewards are allocated immediately upon deposit and disbursed gradually over the month based on user redemptions. If the user chooses to withdraw their funds prematurely, they forfeit the remaining unmatured rewards.

To own the max Amplified APY, you must have a vote share value of equal or greater to the value of lp being deposited.

Your veKOI votes/holdings carry over to all amplifiers. If you are providing your LP to two amplifiers, your veKOI vote share balance is not split among them. Taking the previous example, if you provided LP on two pairs using those same exact numbers as above, your APY on both would be 12.5%. This is to encourage participation in all pools.

KOI Tokenomics

Max Supply: 1,000,000,000 KOI Circulating Supply: 500,000,000 KOI

Token Allocation: As tokens are allocated, vested, and unlocked, these numbers will be updated. Circulating (prev. Mute token swap): 50% Ecosystem Incentives: 30% Future Investors (reserved): 7% DAO: 6% Future Advisors (reserved): 4% Investors & Advisors (12-18 month vests): 3%

Roadmap

Big picture roadmap - subject to change

Complete

Mainnet Release May, 2023.

Farming Program: A liquidity reward protocol rolled out to incentivize high-value projects to provide liquidity on Koi. A fixed APY farming model that allows for efficient reward distributions.

Bond Infra: A Bond marketplace rolled out to give projects tooling to increase their PoL.

Paymaster: Pay fees in any tokens traded on Koi

veDAO: Vote-escrow model for Koi tokens. Get access to the KOI DAO, boosted farming APYs, and revenue sharing (Q1 2024)

Q1/Q2 2024

Mute -> Koi rebrand & token swap

Rebranded ecosystem with overhauled tokenomics

veKoi revenue sharing: Integrate revenue sharing mechanisms from protocol generated fees for veKoi lockers.

Concentrated liquidity pools, limit orders, trading strategies: Deploy and integrated concentrated liquidity pools with limit orders, range orders, recurring orders, and overlapping liquidity segmentation.

Koi finance Social media link:

Website: https://koi.finance/ Whitepaper: https://wiki.mute.io/mute/info/tokenomics-1 Twitter: https://twitter.com/koi_finance Discord: https://discord.com/invite/muteio Telegram Community: https://t.me/mute_iol

Author Details

Bitcointalk name : Silas Kai Bitcointalk Profile link : https://bitcointalk.org/index.php?action=profile;u=3382086 Telegram username : @SilasKai Wallet: 0x5ADCD956C149f463031896f2a2155527b78FDaC5

[ailtrahq]

Decentralized Autonomous organizations (DAOs) represent a pioneering new form of internet-native organization enabled by Blockchain Technology. DAOs allow coordinated group activity and decision-making without traditional centralized leadership. This distributed structure provides many advantages but also poses unique Security challenges. Several high-profile exploits of DAO Vulnerabilities highlight the crucial need for tailored Security practices designed for these decentralized models. Notable DAO Security Incidents: Lessons Learned One of the most infamous early DAO hacks involved The DAO built on the Ethereum blockchain. The DAO was conceived as a decentralized venture Capital fund where participants could vote to fund project proposals.  Flawed code in The DAO smart contract enabled a hacker to siphon off Cryptocurrency worth around $50 million. This led to Ethereum controversially implementing a hard fork to reverse the hack and return the stolen funds. The DAO hack demonstrated how Vulnerabilities and loopholes in the core smart contract code underpinning a DAO can be exploited to devastating effect. Another concerning vulnerability in Decentralized Finance was found in the bZx protocol. bZx facilitates decentralized margin Trading and lending. Attackers were able to exploit a flaw in how bZx handled margin trades to extract over $800,000 worth of Cryptocurrency. This bZx hack revealed the perils of composability, where integrating with other protocols can introduce unanticipated Security risks as complex systems interact in unforeseen ways. More recently, in 2022, the Mango DAO on the Solana blockchain suffered an attack that led to around $110 million in losses. Bad actors manipulated governance processes to influence votes and drain funds from the DAO’s treasury. This Mango attack showed that by tamper-proof governance mechanisms, DAOs could have their crowdsourced decisions turned against them. Key Security Considerations for Protecting DAOs 1. Smart Contract Auditing Correctly auditing smart contract code powering DAOs is essential for finding flaws before deployment. Formal verification, professional auditing firms specializing in blockchain code review, and bug bounty programs engaging hackers are vital strategies to test for Vulnerabilities thoroughly. 2. Access Control and Privilege Limitation   Strictly limiting access controls and privileges can prevent the extraction of funds by malicious actors. Authentication protocols requiring multiple approving signatories, like multi-signature wallets, improve Protection. 3. Robust Governance Guardrails Preventing manipulation of governance processes is key for Secure DAOs. Thoughtful admin roles, quorum thresholds, time-locks on proposals, monitoring for Sybil attacks, well-designed incentives, formal verification of governance code, decentralized consensus, and transparent on-chain records can harden governance integrity. Meticulous governance architecture that proactively addresses manipulation and centralization Risks is crucial for DAOs to achieve democratic ideals securely. 4. Formalized Incident Response Plans To minimize damage from attacks, DAOs should formalize detailed response plans for Security incidents, including dispute resolution, forensic analysis, legal recourse, stakeholder coordination, restoring funds, transparent communication, learning to improve defenses, and updating systems. Well-prepared emergency procedures allow for effective incident response, reducing chaos and fallout. 5. Transparency and Investigability  By incorporating comprehensive on-chain activity logging and transparency into DAO design, immutable blockchain records can provide invaluable forensic data that can be used to investigate Security incidents, uncover exploit details, identify remedies, understand attacker motives, and trace culpability. Built-in blockchain transparency equips DAOs with essential tools for Security monitoring, effective incident response, and resilience. 

In Summary, To build Security into the core architecture of DAOs, creators should utilize proven techniques like distributing and the principle of least privilege. Segmenting protocol functions into isolated modules limits the blast radius if any component gets compromised. Engineering upgradability and rapid patching enable responding quickly to emerging Threats. Standing incident response teams can take swift action as issues arise.  Future and Safety of DAOs Expert guidance is invaluable for anticipating Risks. Consulting cryptography and Blockchain Security specialists from the start strengthens the design. Conducting participatory threat modeling and risk simulations prepares for attacks. Ongoing vigilance through anomaly monitoring is crucial even after audits since new exploits constantly emerge. Uniting the knowledge of Security experts, governance designers, blockchain developers, and community stewards offers the most resilient path toward Secure and distributed organizational models. In addition to these DAO-specific strategies, foundational Secure Software best practices from web development also apply. Carefully constructed access controls, the principle of least privilege, and Secure design patterns avoid many Risks. Reusable libraries of proven, safe smart contract modules can accelerate development. Conclusion Despite justifiable Security concerns in these early days, DAO pioneers remain undeterred by short-term growing pains, keeping their eyes on the horizon filled with immense possibilities. The steady progress of cryptographic innovations, formal verification techniques, and time-tested Secure development frameworks promise to enable DAOs to thrive securely over the long term. Prudent cross-disciplinary collaboration, uniting blockchain builders, Security experts, governance designers, and community leaders, offers the most effective path forward. By leveraging their diverse expertise collaboratively, DAO developers can craft distributed and participatory organizations that balance openness with Protection and decentralization with accountability. There will be challenges along the way, but the potential societal benefits of DAOs merit perseverance. With patient refinement, this groundbreaking organizational paradigm can reach its full disruptive potential across industries, unlocking new modes of human coordination while keeping participant Assets safe. The future remains bright for decentralized models that align incentives, foster collaboration, and give people a direct voice.

[janakmarket]

Enterprise Blockchain Solutions Developemnt

Enterprise blockchain solutions development involves creating and implementing blockchain-based systems to address specific business needs within an organization or across multiple organizations in a network. Here are the key steps involved in developing enterprise blockchain solutions:

Identify Use Case: The first step is to identify a use case where blockchain technology can bring value to the organization. This could include areas such as supply chain management, decentralized identity, financial transactions, smart contracts, or data sharing.

Define Requirements: Once the use case is identified, it's important to define the specific requirements of the blockchain solution. This includes determining the desired functionality, performance metrics, security measures, and integration points with existing systems.

Choose the Right Blockchain Platform: There are several blockchain platforms available, such as Ethereum, Hyperledger Fabric, Corda, and Quorum. Selecting the appropriate platform depends on factors like scalability, privacy requirements, consensus mechanism, and development tools.

Design the Architecture: Design the blockchain architecture based on the selected platform. This involves defining the network structure, consensus mechanism, data model, smart contract design, and integration points with external systems.

Develop Smart Contracts: Smart contracts are self-executing contracts with predefined rules encoded on the blockchain. Develop and test the smart contracts that automate and enforce the desired business logic and rules.

Build the Network: Set up the blockchain network based on the chosen platform. This includes deploying the necessary nodes, establishing network connectivity, configuring security measures, and defining access controls.

Integrate with Existing Systems: Integrate the blockchain solution with existing enterprise systems to ensure seamless data exchange and interoperability. This may involve connecting with APIs, legacy systems, databases, or other third-party applications.

Implement Consensus Mechanism: Configure and deploy the consensus mechanism that governs how transactions are validated and added to the blockchain. The choice of consensus algorithm depends on factors such as network scalability, security, and trust requirements.

Test and Deploy: Thoroughly test the developed solution to ensure its functionality, security, and performance. Conduct unit tests, integration tests, and end-to-end tests to identify and fix any issues. Once the solution is deemed ready, deploy it to the production environment.

Monitor and Maintain: Continuously monitor the blockchain network for performance, security, and reliability. Regularly update and maintain the solution to address any bugs, security vulnerabilities, or evolving business requirements.

It's important to note that developing enterprise blockchain solutions requires expertise in blockchain technology, smart contract development, security, and integration with existing systems. Organizations often work with experienced blockchain development teams or engage with blockchain consulting firms to ensure successful implementation.

[prolitustechnologies]

The Stellar Consensus Protocol: A Game-Changer in Blockchain Technology

Introduction to the Stellar Consensus Protocol (SCP)

The Stellar Consensus Protocol (SCP) is a decentralized consensus algorithm developed for the Stellar network. It is designed to facilitate consensus among nodes in a distributed network without relying on a central authority or a proof-of-work mechanism like Bitcoin's mining.

SCP was created by Jed McCaleb, the founder of Stellar, and his team, with the goal of enabling secure and efficient transaction processing and consensus on the Stellar network. It addresses some of the limitations and scalability issues of traditional blockchain consensus algorithms like proof-of-work and proof-of-stake.

At its core, SCP is a federated Byzantine agreement (FBA) algorithm. It achieves consensus by having nodes in the network communicate with each other and exchange messages to reach an agreement on the validity and ordering of transactions. This consensus process is performed in rounds, and each round consists of multiple phases.

The key principles of the Stellar Consensus Protocol are as follows:

Safety: SCP ensures that all honest nodes agree on the validity of transactions and the order in which they should be processed. It prevents forks and double-spending attacks by guaranteeing that all honest nodes eventually agree on a single state of the network.

Liveness: SCP guarantees progress in the network by allowing transactions to be processed even if some nodes are faulty or offline. As long as a quorum of nodes is functioning correctly, the network can continue to make progress.

Decentralization: SCP eliminates the need for a central authority or leader by employing a decentralized approach. Instead, the consensus process relies on a set of trusted nodes called validators, which are selected based on the Stellar network's distributed agreement protocol.

Flexibility: SCP allows for flexible trust relationships between nodes, enabling different trust models to coexist within the same network. Nodes can choose which other nodes they trust and define their own quorum slices, which are subsets of the network that they consider trustworthy.

SCP has been designed to be highly scalable, as it allows for parallel processing of transactions and does not require every node in the network to process and validate every transaction. This scalability, combined with its security and decentralization properties, makes SCP well-suited for Stellar's goal of enabling fast and low-cost cross-border transactions.

Understanding the basics of blockchain technology

Blockchain technology is a decentralized and distributed ledger system that enables secure and transparent transactions and data storage. It was originally developed as the underlying technology for cryptocurrencies like Bitcoin but has since found applications in various industries beyond finance.

Here are the key concepts and components of blockchain technology:

Distributed Ledger: A blockchain is a digital ledger that is distributed across multiple computers or nodes in a network. Each node has a copy of the entire blockchain, and all nodes agree on the validity of transactions through a consensus mechanism.

Blocks: Transactions are grouped together in blocks, which are linked to each other in a chronological order, forming a chain of blocks. Each block typically contains a reference to the previous block (except for the first block, known as the genesis block), creating the blockchain.

Cryptography: Blockchain relies on cryptographic algorithms to secure the data stored in the ledger. Transactions are verified, authenticated, and encrypted using cryptographic techniques like hashing and digital signatures, ensuring integrity and preventing unauthorized modifications.

Consensus Mechanism: To maintain the accuracy and consistency of the blockchain across all nodes, a consensus mechanism is employed. It is a protocol that allows nodes to agree on the state of the blockchain. Popular consensus mechanisms include Proof of Work (PoW) and Proof of Stake (PoS).

Decentralization: Unlike traditional centralized systems, blockchain operates in a decentralized manner. Instead of relying on a central authority, control and decision-making are distributed among network participants. This decentralization enhances security, reduces the risk of single points of failure, and promotes trust among participants.

Immutability: Once a block is added to the blockchain, it becomes extremely difficult to alter or remove the recorded data. This immutability ensures the integrity of the blockchain and builds trust among participants.

Smart Contracts: Blockchain platforms like Ethereum introduced the concept of smart contracts. These are self-executing contracts with predefined rules and conditions written in code. Smart contracts automatically execute actions when the specified conditions are met, eliminating the need for intermediaries and enabling more complex transactions and applications on the blockchain.

Transparency and Privacy: While the contents of a blockchain are transparent and visible to all participants, the identity of participants can be pseudonymous or anonymous, depending on the blockchain's design. Some blockchains also offer privacy features that allow for encrypted or selective disclosure of data.

Use Cases: Blockchain technology has a wide range of applications beyond cryptocurrencies. It is being explored for supply chain management, voting systems, healthcare records, real estate transactions, identity verification, intellectual property, and more. Blockchain's transparency, security, and decentralization offer benefits such as increased efficiency, reduced fraud, and enhanced trust.

It's important to note that blockchain technology is still evolving, and there are different implementations and variations of blockchain systems with their own strengths and limitations. Understanding these basics will help you grasp the underlying principles and potential of this transformative technology.

The limitations of traditional blockchain consensus mechanisms

Traditional blockchain consensus mechanisms, such as Proof of Work (PoW) and Proof of Stake (PoS), have several limitations:

Scalability: One major limitation is scalability. In PoW-based blockchains like Bitcoin, every node in the network needs to validate and execute every transaction, which can lead to a scalability bottleneck. As the number of participants and transactions increases, the system becomes slower and less efficient.

Energy consumption: PoW consensus requires significant computational power and energy consumption. Miners compete to solve complex mathematical puzzles to validate transactions and add blocks to the blockchain. This energy-intensive process has raised concerns about environmental sustainability and the carbon footprint of blockchain technology.

Centralization risks: In PoW and PoS, there is a concentration of power among a limited number of participants. In PoW, miners with more computational resources have a higher chance of solving the puzzles and earning rewards. In PoS, participants with a larger stake in the system have more influence over block creation. This concentration of power can potentially lead to centralization, where a few entities control the network.

Security vulnerabilities: Traditional consensus mechanisms are susceptible to certain security vulnerabilities. For example, in PoW, a 51% attack can occur if an entity controls more than half of the network's computational power, enabling them to manipulate transactions and potentially double-spend coins. PoS is vulnerable to attacks where a malicious entity gains control of a majority of the cryptocurrency's total supply.

Long confirmation times: PoW-based blockchains often have longer confirmation times for transactions. In Bitcoin, for instance, it takes an average of 10 minutes for a block to be added to the blockchain. This delay can hinder real-time transaction processing, making it less suitable for certain use cases such as retail payments.

Governance challenges: Consensus mechanisms like PoS involve stakeholder voting or delegation processes to make decisions regarding protocol upgrades, governance rules, and network changes. However, effective governance can be challenging to achieve, as it requires coordination and consensus among a diverse set of participants with potentially conflicting interests.

Efforts are being made to address these limitations through the development of alternative consensus mechanisms, such as Proof of Authority (PoA), Delegated Proof of Stake (DPoS), and Practical Byzantine Fault Tolerance (PBFT), which aim to improve scalability, energy efficiency, security, and governance in blockchain systems.

Challenges and potential future developments of the Stellar Consensus Protocol

The Stellar Consensus Protocol (SCP) is a decentralized consensus algorithm designed to reach agreement on the order and validity of transactions in the Stellar network. While SCP has several advantages, it also faces challenges and has potential for future developments. Let's explore them:

Challenges of the Stellar Consensus Protocol:

Scalability: SCP faces challenges related to scalability as the network grows. The protocol requires each participant to maintain a complete copy of the network's state, which can become resource-intensive. As the number of nodes and transactions increase, scalability becomes a significant concern.

Network latency: SCP relies on the exchange of messages between nodes to reach consensus. Network latency and delays in message propagation can impact the protocol's performance. High network latency can slow down the consensus process and potentially introduce delays in transaction confirmation.

Trust assumptions: SCP assumes that a significant majority of participants are honest and will follow the protocol correctly. However, if a large portion of nodes behaves maliciously or fails to follow the rules, it can undermine the security and consensus guarantees of the protocol.

Initial quorum establishment: SCP requires an initial quorum slice, a set of nodes that vouch for each other's credibility. Establishing this initial trust network can be challenging, especially in situations where a large number of new nodes join the network simultaneously.

Potential Future Developments:

Sharding: Sharding is a technique that involves dividing the network into smaller partitions called shards. Each shard operates independently, processing its transactions and reaching consensus. Introducing sharding to SCP could help improve scalability by distributing the computational load across multiple shards.

Layer 2 solutions: Layer 2 solutions, such as payment channels or sidechains, can be integrated with SCP to enable off-chain transactions and reduce the load on the main consensus protocol. By moving a significant portion of transactions off the main chain, SCP's scalability can be enhanced.

Consensus optimizations: Researchers and developers can continue to explore optimizations to improve the efficiency and performance of SCP. This could involve advancements in cryptographic techniques, message propagation protocols, or better ways to handle Byzantine faults.

Privacy enhancements: Stellar currently provides basic privacy features, but future developments could focus on enhancing privacy further. Techniques like zero-knowledge proofs or secure multi-party computation could be explored to enable confidential transactions without compromising the protocol's security and transparency.

Governance and participation improvements: SCP relies on node participation and cooperation for consensus. Future developments might involve mechanisms to incentivize participation, discourage malicious behavior, and enhance the governance processes within the Stellar network.

It's important to note that the Stellar Development Foundation (SDF) and the broader Stellar community actively work on improving the protocol, addressing challenges, and exploring future developments.

Case studies: Successful projects built on Stellar using SCP

While I don't have access to real-time information, I can provide you with some examples of successful projects that were built on Stellar using the Stellar Consensus Protocol (SCP). Please note that these examples are based on information available up until September 2021, and there may have been further developments since then. Here are a few noteworthy projects:

IBM World Wire: IBM partnered with Stellar to develop a cross-border payment solution called IBM World Wire. Built on Stellar's network, it aims to provide faster, more transparent, and cost-effective international payments. IBM World Wire leverages the Stellar network's capabilities to settle transactions in near real-time using multiple currencies.

Tempo: Tempo is a France-based payment network that uses Stellar's technology to facilitate fast and low-cost cross-border money transfers. It enables individuals to send and receive money globally, leveraging Stellar's network to settle transactions quickly and securely.

SureRemit: SureRemit is a blockchain-based platform that enables users to send non-cash remittances to their loved ones in various regions. By utilizing Stellar's network, SureRemit aims to make international remittances more affordable, efficient, and secure.

DSTOQ: DSTOQ is a global stock exchange platform that aims to enable users to invest in real-world assets, such as stocks, bonds, and ETFs, using cryptocurrency. By integrating with the Stellar network and leveraging SCP, DSTOQ seeks to provide users with a seamless and decentralized investment experience.

Cowrie Integrated Systems: Cowrie Integrated Systems is a Nigerian fintech company that built a mobile payment platform called Cowrie Integrated Systems Mobile Transfer (CISMAT). It allows users to send and receive money using their mobile devices. Cowrie Integrated Systems leveraged Stellar's technology to develop a robust and efficient payment infrastructure.

These are just a few examples of successful projects that have been built on Stellar using the Stellar Consensus Protocol. Stellar's scalability, low transaction fees, and focus on cross-border payments make it an attractive choice for various financial applications and blockchain-based projects. I encourage you to research these projects further to get the latest updates on their progress and achievements.

Stellar vs. other blockchain platforms: How SCP sets it apart

Stellar is a blockchain platform that distinguishes itself from other platforms through its unique consensus mechanism called the Stellar Consensus Protocol (SCP). SCP is designed to offer fast, secure, and decentralized transaction processing, making Stellar well-suited for applications such as cross-border payments, token issuance, and asset transfers.

Here are some key features of SCP and how they set Stellar apart from other blockchain platforms:

Scalability: SCP enables high transaction throughput and scalability. Unlike traditional blockchain platforms that use proof-of-work or proof-of-stake mechanisms, SCP employs a federated Byzantine agreement model. This allows Stellar to process a large number of transactions per second, making it more efficient and scalable for real-world applications.

Speed: Stellar's consensus protocol facilitates quick transaction confirmations. SCP achieves consensus across a network of trusted validators, resulting in near-instant settlement times. Stellar transactions typically settle in 2 to 5 seconds, enabling fast and efficient value transfers.

Low fees: Stellar's design ensures low transaction fees. The platform aims to make financial services accessible to everyone, including individuals and businesses in underserved areas. Stellar's low fees make it cost-effective for microtransactions and enable the movement of small amounts of value across borders.

Focus on interoperability: Stellar emphasizes interoperability between different financial systems. It provides built-in support for token issuance and facilitates the creation of custom assets. Stellar's decentralized exchange allows for the seamless conversion and transfer of assets, including fiat currencies, cryptocurrencies, and tokens.

Integration with the traditional financial system: Stellar has a strong focus on bridging the gap between traditional financial institutions and blockchain technology. It provides an anchor system, where trusted entities serve as bridges between the Stellar network and existing financial systems. Anchors facilitate the movement of funds between the Stellar network and various currencies, enabling cross-border transactions.

Stellar Development Foundation (SDF): The Stellar network is backed by the Stellar Development Foundation, a non-profit organization that supports the development and growth of the Stellar ecosystem. The SDF works to foster collaboration, provide technical assistance, and promote the adoption of Stellar technology.

These features collectively make Stellar an attractive choice for businesses and developers looking to leverage blockchain technology for efficient, fast, and low-cost transactions. By combining scalability, speed, low fees, interoperability, and its focus on integrating with traditional financial systems, Stellar sets itself apart from other blockchain platforms in the market.

Regulatory Considerations and Compliance with SCP

When it comes to regulatory considerations and compliance with SCP (Supply Chain Planning), there are several important factors to keep in mind. SCP involves the process of efficiently planning, organizing, and controlling the flow of goods, services, and information from the point of origin to the point of consumption. Compliance with regulatory requirements is crucial to ensure legal and ethical practices throughout the supply chain. Here are some key considerations:

Legal and Regulatory Compliance: Adhering to applicable laws and regulations is essential for SCP. This includes compliance with local, national, and international regulations related to trade, customs, transportation, labor, environmental standards, data protection, and product safety. Familiarize yourself with the relevant regulations and ensure that your supply chain operations are aligned with them.

Supplier Due Diligence: Conduct thorough due diligence on your suppliers to ensure they comply with applicable laws and regulations. Verify their certifications, licenses, and adherence to industry standards. Evaluate their ethical practices, labor conditions, and environmental impact. Establish clear guidelines and requirements for suppliers to meet your compliance standards.

Documentation and Record Keeping: Maintain accurate and up-to-date documentation throughout the supply chain process. This includes contracts, invoices, shipping documents, customs declarations, and compliance certificates. Proper record keeping is crucial for audits, inspections, and demonstrating compliance with regulatory requirements.

Traceability and Transparency: Implement systems to track and trace the movement of goods and materials throughout the supply chain. This enables you to identify the origin of products, ensure compliance with regulations such as product safety standards, and respond to any recalls or quality issues promptly. Transparency in supply chain operations also helps build trust with customers and stakeholders.

Data Protection and Privacy: With the increasing digitalization of supply chains, protecting sensitive data and ensuring privacy is vital. Comply with data protection regulations, such as the General Data Protection Regulation (GDPR) or other applicable laws, when collecting, storing, and transmitting personal or sensitive information. Implement appropriate security measures to safeguard data from unauthorized access or breaches.

Environmental and Sustainability Considerations: Consider the environmental impact of your supply chain operations and work towards sustainable practices. Comply with environmental regulations, promote responsible sourcing, reduce waste, and minimize carbon footprint. Engage with suppliers who prioritize sustainability and ethical practices.

Continuous Monitoring and Improvement: Regularly monitor your supply chain operations to ensure ongoing compliance with regulatory requirements. Stay updated on changes to relevant laws and regulations. Implement internal audits, inspections, and compliance checks to identify areas for improvement and take corrective actions as necessary.

Remember that compliance with SCP regulations is an ongoing effort that requires collaboration with suppliers, stakeholders, and relevant regulatory bodies. By prioritizing regulatory considerations, you can mitigate risks, enhance operational efficiency, and build a sustainable and compliant supply chain.

Conclusion: The transformative potential of the Stellar Consensus Protocol in blockchain technology

The Stellar Consensus Protocol (SCP) indeed possesses significant transformative potential in the field of blockchain technology. Developed by the Stellar Development Foundation, SCP is a consensus algorithm designed to facilitate decentralized and secure transaction processing within the Stellar network. Its unique features and benefits make it a promising solution for various use cases, including financial transactions, cross-border payments, asset tokenization, and decentralized applications.

One of the key advantages of SCP is its ability to achieve decentralized consensus without relying on a central authority or proof-of-work mining. Instead, SCP utilizes a federated Byzantine agreement model, which enables multiple participants, known as validators, to collectively validate and agree upon the state of the network. This consensus mechanism enhances security, scalability, and efficiency, as it allows for quick confirmation of transactions and eliminates the energy-intensive mining process associated with other blockchain systems.

Another transformative aspect of SCP is its ability to facilitate cross-border transactions and promote financial inclusion. Stellar, the blockchain platform that implements SCP, aims to connect financial institutions, payment providers, and individuals worldwide, enabling seamless, low-cost, and near-instantaneous money transfers. By leveraging SCP, Stellar achieves fast settlement times, reduces transaction costs, and enables micropayments, which can significantly benefit individuals and businesses in underserved regions.

Furthermore, SCP enables the tokenization of various assets, including traditional currencies, commodities, securities, and other digital assets. This feature opens up new opportunities for creating and managing decentralized financial instruments, facilitating peer-to-peer trading, and promoting liquidity in markets that were previously illiquid. SCP's robust consensus protocol ensures the integrity and security of these tokenized assets, enhancing trust and reducing counterparty risk.

Additionally, SCP's design supports the development of decentralized applications (dApps) on the Stellar network. By providing a reliable and efficient consensus mechanism, SCP enables developers to create smart contracts, decentralized exchanges, and other innovative applications that can leverage the advantages of blockchain technology. This promotes innovation and fosters an ecosystem of decentralized services and solutions.

In conclusion, the transformative potential of the Stellar Consensus Protocol in blockchain technology is significant. Its decentralized consensus mechanism, efficient transaction processing, cross-border payment capabilities, asset tokenization features, and support for dApp development make it a promising solution for various industries. As the technology continues to evolve and mature, SCP has the potential to revolutionize financial systems, improve access to financial services, and drive innovation in the broader blockchain ecosystem.

[ludmilachaibemachado]

🌸🌻Pete Shotton, Cynthia Lennon, John Lennon, Alex Madras and George Harrison watching Pattie Boyd doing the modelling catwalk for Ossie Clark and Alice Pollack (owner of the boutique clothing store Quorum) at the Revolution Club in London on January 25, 1968🌸🌻

Via @thebeatleswomen on Instagram🌸🌻