August 8, 2017
The cryptocurrency market is sitting at $121.2 billion with a 24 hour volume of $4.375 billion and a BTC dominance of 46.7%.
Bitcoin is trading at $3430, Ethereum at $281.71 and Litecoin at $46.24. After months of trading in a relatively tight range, Bitcoin continues to trade at all time highs.
August 3, 2017
A few weeks after announcing the integration with Ledger Wallet, Expanse announced another exciting integration with Myetherwallet.
Myetherwallet is the largest software wallet supporting the Ethereum protocol. Expanse, being the first surviving fork of Ethereum, was a natural addition. Founder Christopher Franko told the community via Slack that he would be submitting extra functionality to support Expanse Rewards tokens (EXR) and tokens created on Tokenlab which will be released later this year.
Expanse continues to work on integrations. Trezor, Keepkey and Shapeshift are on the radar. For updates, tune into the Expanse Slack at slack.expanse.tech.
Expanse is trading at…
August 3, 2017
The price at the time of the split was:
BTC: around $2700*
BCC/BCH: around $350**
Speculators have differing opinions as to what will happen next. The consensus seems to be favoring a drastic dump of Bitcoin Cash in favor of BTC.
*at around 12:20pm UTC on August 1, 2017
**prices varied greatly from exchanges
July 10, 2017
Disclaimer: I am invested heavily in various cryptocurrencies. After learning about this project just over a year ago and studying it intensely, I now sit on the advisory board for Expanse and am invested in the project. However, I believe you’ll find my reasoning detailed below to be sound and impartial.
Following the announcement that Expanse (EXP) and its token creation module TOKENLAB™tokens will be supported on Ledger Wallets, it makes a strong case to take a look at the implications. Ledger, one of the best hardware wallets for cryptocurrencies, supports only a small number of coins: Bitcoin, Ethereum, Ethereum Classic, Dogecoin, Litecoin, Zcash, Dash, Ripple, Stratis, Komodo and now Expanse.
At the time of this writing, the market cap* of each coin are as follows:
Bitcoin – $38.6B
Ethereum – $19.0B
Ethereum Classic – $1.7B
Dogecoin – $198.6MM
Litecoin – $2.3B
Zcash – $319.4MM
Dash – $1.2B
Ripple – $7.5B
Stratis – $344.5MM
Komodo – $95.7MM
Expanse – $10.8MM
The announcement is significant because it propels Expanse with:
branding by showing that it’s in a new league and separating itself from nearly 700 currencies that aren’t supported by a hardware wallet,
marketing by getting Expanse out in front of all of the current and future Ledger users, and
security by giving holders of EXP a safe, offline option to store their investment. This security will also carry over to tokens created through TOKENLAB™.
Expanse finds itself in the presence of some mighty fine company. But just what is Expanse? Announced back in 2015 on the Ethereum forum:
“Expanse is the second Ethereum fork, and we based it on Ethereum because we believe the technology is so innovative and with great potential, and because we want to experiment with different open source ideas using it. We very much believe in cooperation, open source projects, and value of the technology provided by the Ethereum platform.”
From one of the regularly published Expanse newsletters:
“Expanse is the first (surviving) fork of Ethereum launched in 2015 with a custom difficulty algorithm and code to help make the Expanse blockchain more resistant with almost no orphans. Expanse focuses on building custom, real-world use decentralized applications and is a community-based project with over 1750 slack members. The Expanse community manager, myself, is the founder of the Cryptocurrency Collectors Club, the most popular alternative cryptocurrency group on Facebook with over 34,000 members. Additionally, we have a creative team with many connections in the world of cryptocurrency and business, giving Expanse a unique edge with marketing, networking, and building fundamental value and growth over time. Expanse also focuses on creating mutually beneficial relationships and partnerships, with talent, determination, and lots of hard work.
Expanse is the first project to launch simulated smart contract staking with EBS, the Expanse Bond System, so that community members can stake offline and earn rewards, the bonds are limited and will later be tradable. The Expanse Project has developed a new patent-pending, blockchain-based voting platform with the potential to change the dynamics of future elections. We are in the process of trademarking its new name, VoteLock™. Expanse has even created a decentralized governance system with Borderless.tech, which others are planning to start ICOs for. We have working technology now. Expanse is currently attending Blockchain conferences, more to come, and is starting serious marketing and networking efforts. Expanse is also the founder of the Best in Blockchain Startups 2018 conference, combining efforts with other leading Blockchain startups and talented individuals.”
With applications (dapps) such as the Expanse Bond System (EBS) where investors can store their EXP and earn interest at 12% per year, Votelock™ identity management, EXP.LIFE, the EXP.DAO and Borderless, Expanse has quite a bit in the works which makes it a very attractive project. Earlier this year, 4 new full time developers were added to the development team. This follows the inducting of an advisory board last month.
The core team is comprised of Christopher Franko, Dan Conway and James Clayton. Franko and Conway are developers while Clayton manages the community. Clayton is a cryptocurrency veteran and founder of one of the largest groups, Cryptocurrency Collectors Club with over 34k members.
Expanse also has a charitable arm through Borderless Charity, Inc. where earlier this year, Christopher Franko delivered items to families in need through Operation Snowflake in the Washington DC area.
If you’d like to learn more about Expanse, join the slack channel at: http://slack.expanse.tech/
If you’d like to buy some EXP but unsure how, read this post: http://blocksouth.com/how-to-buy-expanse-exp/
If you’d like to buy Expanse Rewards, read this: http://blocksouth.com/earn-rewards-expanse-rewards/
EXP is trading around $1.43 USD at the time of this writing.
*source – http://coinmarketcap.com/ (7/14/17)
May 17, 2017
There is a known issue for Mac users preventing them from creating accounts, the dev team is creating a patch to remedy this issue.
- Throughout the process, it may be necessary to close the dApp and reopen in order to get the balances to display.
- Versions 1.0.1, 1.1.0, and 1.1.1 released.
On Tuesday, May 16, 2017, Expanse released the second iteration of its Expanse Rewards dApp (1.0.0 EBS Version 1.0). This much improved version is smooth and simple to use. Use this guide to convert your EXP into EXR tokens. If you need to purchase EXP, start first with this guide: http://blocksouth.com/how-to-buy-expanse-exp/
After purchasing EXP, you’ll need to send the amount you’d like to lock away (plus an extra EXP for “gas”) to the Expanse Rewards dApp, so for example, if you’d like to send 200 EXP to buy 1 reward with a multiplier of 2, send 201 EXP to cover the reward and the gas .
To get started, download and install the EXR Rewards dApp from this link: https://github.com/expanse-org/bond-dapp/releases
Once installed, click “Manage Accounts” on the left column.
(Note: You may need to let the dApp sync which could take several minutes, the red box error is often due to the node not being completely synced)
If you don’t have an existing account, either previously created in the Expanse Wallet or in the previous version of Expanse Rewards, you will need to click “Create an Account” to get a wallet address in order to send your EXP to.
After an account has either been created or found, Click “Deposit to EXR”
Enter the amount you would like to lock away in rewards and click “Deposit to EXR”
After reviewing your deposit, if accurate, confirm your deposit by clicking “Yes”
Next, enter your account (wallet) password
Look for status messages indicating your deposit has been submitted
You’ll see an “Account History” area appear beneath “Accounts” on the “Manage Accounts” tab with the status of your deposit.
Once it processes, the “pending” status will disappear.
You’ll also notice a message showing the deposit has completed
Now you can create a new bond by clicking “Create Reward”
Enter your multiplier to reflect how much EXP you’ll be locking up (example: change multiplier to 50 in order to purchase 5,000 EXP worth of rewards) then click “Create Reward”
Voilà! You’ve just purchased rewards using Expanse Rewards.
Note: this guide will be updated as the Expanse Rewards dApp receives updates. If you have any suggestions to improve it and help others, please email: timothy /at/ blocksouth.com
April 18, 2017
The cryptocurrency market has exploded over the past few years. This growth has brought in many new traders looking to make a quick profit. The temptation of jumping onto an unknown or dormant coin can be very enticing to those who are new to the game.
Investors on the other hand research projects to identify the teams and technology they find either undervalued or underexposed. The chart below shows some of the most popular coins mentioned in the Cryptocurrency Collectors Club and their corresponding market caps from late 2015 and current. Many simply do not realize the rate of growth because of poor timing in either jumping in or out of a coin. Developing a sound investment strategy is key to realizing gains demonstrated below.
Expanse has come up with even more of an incentive to hold your investment. Aside from realizing an increase in value as the project grows, the EBS (Expanse Bond System) pays you 12% annually when you convert your EXP to EBS tokens. This is the first smart contract of its kind. For more information on Expanse, join the Slack group or read their white paper.
March 24, 2017
The Bitcoin Dominance has dropped to a new low since my involvement in cryptocurrencies. Today it has reached 69.1%.
Ethereum (ETH) is up 18%, Dash up 5%, Ripple is up 34% and Monero is up 5%.
Speculators suggest that with the ongoing dispute regarding the Bitcoin blocksize, the price of Bitcoin will continue to slide.
Other notable mentions include: Expanse (EXP) at $0.40, PIVX at $0.62 and Nexus (NXS) at $0.25.
March 20, 2017
So, what is PIVX?
A transactional security and privacy-focused decentralized open source cryptocurrency.
When was PIVX launched?
February 1st, 2016
(under the name of Darknet (DNET))
PIVX is designed, engineered, and evolving with the best practices and developments to ensure your transactional security and privacy. Many see it as a cheaper alternative to DASH. Have a look at the comparison:
PIVX is currently offered on Bittrex, Cryptopia, Yobit and Empoex. Many are speculating that Poloniex will be adding as well which could be contributing to the recent rise.
March 18, 2017
Expanse founders James Clayton and Christopher Franko along with partners are launching a conference specifically for Blockchain startups called the “Best in Blockchain Startups 2018” which will take place in Austin Texas in 2018. The conference will focus on technology brought forth by startups that may not receive recognition due to their size.
“We are in negotiations with some potential Blockchain partners for this, this will be Blockchain only, no Fintech. The first 10 official Blockchain Partners will have an equal say on how this conference will happen, like a roundtable, with these general guidelines to start out.” – James Clayton, Co-founder, Expanse
Clayton has gone on to say:
- The Best in Blockchain Startups will happen in 2018.
- Teams and projects must be active for at least one year.
- Blockchain only, no Fintech.
- The conference will happen in the USA. (This is where some of the original potential partners are located)
- The original 10 (max) Blockchain projects will do the groundwork, planning, design, and be featured prominently and equally at the conference.
- The Best in Blockchain Partners can list each other as Partners if they wish, if they are unwilling to do that, then they should not ask to be a part of this.
- This will be entirely nonprofit, nobody will make any money directly from sponsors, speaking fees, anything like that. Although Sponsors can help pay for the venue.
- Blockchain Companies and Blockchain Exchanges will be welcomed to attend.
- Tickets will be low priced, we want as many people showing up as possible.
- Tickets will be Blockchain-based, of course. Working tech only is the theme here.
- This will be about grassroots communities and decentralized concepts and self-governance.
- The key focus will be a fun exciting event, with live streams, massive media coverage, professional photographers. Working technology rather than promises.
A few exciting names have already been confirmed but not yet released and also The Crypto Show has been confirmed as a participant. For more information visit: Best in Blockchain Startups 2018
March 17, 2017
Determine your strategy
Are you planning to hold long term or are you just in for a quick profit? Look at price charts over the previous year and get an idea of your ideal entry point. Take a look at other coins, including Bitcoin, and compare the overall charts. Are they trending up or down in unison? This could suggest overall market moves.
Don’t get emotional
Falling in love with a coin can be a bad move. Emotions can trigger poorly executed buys and sells. Make your decisions based on your own research and not hype. Forums and chat boxes can be full of hype.
Research the team
Crypto is a relatively small world where everyone kind of knows everyone. Do the founders have a good reputation? Who are the advisors? With many new coins being created to simply profit from an ico (initial coin offering) and coins that aren’t very innovative, investing more in the team than the technology can be a sound strategy.
Research the technology
What problems can the cryptocurrency solve? How many developers are working on the project? What apps (or dapps) exist or are being created? Is there a whitepaper and roadmap? These are all very important considerations when comparing cryptocurrencies.
Is a hardware wallet available for the currency?
Very few coins are supported by hardware wallets. The ones that are have a clear separation from the rest. With security being more and more important, having a place to store your investment off an exchange and away from an online wallet is becoming a necessity.
Don’t chase spikes
If you’ve been invested in a coin that has been flat or downtrending, it’s tempting to jump ship and chase one that’s moving. Be very careful, coins that spike up quickly often spike down quickly. Do your research to determine why the coin is moving. Get involved in Slack channels and The Cryptocurrency Collectors Club on Facebook to get insights before coins move. This will help you become a knowledgeable investor instead of an emotional gambler.