What is in my crypto wallet #3 weedcash & Litecoin velvet fork

What is in my crypto wallet #3 weedcash & Litecoin velvet fork

By Chubbie149 | Marijuana economy | 17 Nov 2020


Intro 

Anyone who read my article from yesterday would already know about the Zcash fork on the 18th. So for the continuation of the whats in my crypto wallet series i though i would cover the velvet fork upcoming in Litecoin and Cardano scheduled for November 17th. As well as explain exactly what a velvet fork is.

My crypto wallet
  Velvet fork 

So what is a velvet fork a velvet fork is a upgrade on a cryptocurrency node that is not a hard fork or a soft fork. Due to the operation not requiring majority consensus. This particular velvet fork for Litecoin will allow for cross chain communication while also improving scalability & the inclusion of smart contracts.

  (NIPoPoW)

A (NIPoPoW) Non Interactive Proofs of Proof of Work is a short stand alone strings that get inspected by a program to verify an event happened on a (PoW) blockchain without getting connected to a blockchain. Compared to the original (PoW) Proof of proof of work besides allowing cross chain integration has the added benefit of potentially eliminating adversarial mining. This in essence would drastically improve the efficiency of mining. Which on the (PoW) is set up to have miners compete to solve the same problem first adversarial in other words. Where as (NIPoPoW) has the potential to allow for cooperative mining where all miners work on separate sections of the math problem drastically improving efficiency.

 

 

Cardano 

 
 

How does Cardano come into play? A blockchain like Cardano has a smart contract ability whereas litecoin does not. With this new methods help Litecoin can be used in the smart contracts of Cardano. Cardano will in essence Validate (NIPoPoW) used within the velvet fork enabled Litecoin side chain.

Weedcash

 I think I have previously mentioned that I am posting on Weedcash however I don't think I 🤔 have pointed out the benefits of weedcash (WEED) this is a rather new altcoin derived from EOSIO. This is the second year as of January so they are not to neww not to old. One feature that I personally found the most helpful is the staking service. I'm obviously not a talented writer so my posts are not very popular but I have been using weedcash for a week or two over a month and my account is already at $23 658 WEED this is enough to buy something from the connected weedcash store.  Literally the only way I can smoke pot plant the picture and grow a pipe. Anyone who is involved in both the marijuana and crypto currency communities should be using weedcash.  They are easily found through hive.blog and peakd-hive. 

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  Conclusion 

My apologies for the shortness of this article but im attending the futurist conference today. However the forks for BCH on the 15th and Etherium 2.0 on the December 1st. Means i need to double time these Whats in my wallet articles to make sure i cover them all before there respective forks.

 

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Chubbie149
Chubbie149

chubb149 from HIVE white listed Weedcash NFT producer & WAX NFT vendor every post comes with an NFT airdrop


Marijuana economy
Marijuana economy

A brief look into how advances in the weed industry can have a direct effect on integrated markets

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