Sunday 28 May 2017

Mobile transfer code

MOBILE TRANSFER CODE FOR VARIOUS BANKS


Guaranty Trust Bank (GTB)
*737#

Fidelity Bank
*770#

First Bank
*894#

Sterling Bank
*822#

Skye Bank
*389#

United Bank for Africa (UBA)
*389#

EcoBank
*326#

Zenith Bank
*302#

Stanbic Bank
*909#

Access Bank Bank
*901#

Wema Bank
*322#

Diamond Bank
*302#
For Diamond Yello Account holders
*710#

Unity Bank USSD
For Unity Bank
*322#

Heritage Bank USSD
*322#

KeyStone Bank USSD
*322#

Union Bank
.*389*032#

Fcmb
​389#

Wednesday 24 May 2017

How to calculate tbc in usd

TBC FORUM NG

How do I calculate the quantity of TBC to sell if someone needs $1 worth of TBC?

Simply divide $1 by the current TBC rate. For example, if TBC is currently selling for $7162. Divide 1 by 7162. You have 0.00013963 TBC

What if the person is buying in Naira. Let's say N50,000?

To calculate this, first convert the N50, 000 to US Dollars. Assuming today's exchange rate is N380 to $1. 50,000÷380 = $132

132÷7162 = 0.01843061 TBC

So, N50, 000 will give you 0.01843061 TBC. This is what you should transfer to the person for N50,000 TBC purchase.

To convert to Kringles, multiple the TBC by 100million (100,000,000)
In our example above, N50,000 will give you 184,306 Kringles..

🙅‍♂🙅‍♂

Monday 22 May 2017

What is mempool

Mempool....(memory pool)


The mempool is the network's holding area for transactions that have been made but not put into a block yet. Every Bitcoin node on the network holds unconfirmed transactions in RAM and removes them once they are confirmed. From then on they're held only on disk.


The bitcoin mempool is a collection of all transactions waiting to receive a network confirmation. Every time a bitcoin transaction is broadcasted to the network, it takes an average of 10 minutes before it receives the first confirmation. However, depending on how many pending transactions there are in the mempool at any given time, that 10-minute windows can be larger. Over the past few months, there have been multiple mempool incidents causing significant transaction confirmation delays.

A Closer Look At The Bitcoin Mempool

The concept of the bitcoin mempool is not all that difficult to grasp. Every new bitcoin transaction that is validated by the network will automatically be added to the mempool, where it awaits confirmations from miners. Once a miner picks up the transaction in question for inclusion in the next block, it will automatically receive its first confirmation.
Each node has it’s own mempool and can set the preferred size. When a new block is broadcasted to the network, each node removes the transactions that are in the mempool that have been confirmed. Getting that transaction picked up by bitcoin miners can be quite challenging, though. Miners prioritize validated unconfirmed mempool transactions based on their individual mining fees. These mining fees are distributed to the miners as a “bonus” for their efforts in solving the next block on the bitcoin network. Users who include a higher transaction fee will have their bitcoin transfers picked up quicker compared to the ones who have a low transaction fee.
The bitcoin mempool is a large collection of network transactions waiting to be confirmed. However, similar to any “pool” containing a lot of data, there are only so many transactions that can be kept in pending until a backlog is created. In most cases, the bitcoin mempool contains a relatively small number of unconfirmed transactions, which is not an issue. Unfortunately, a backlog can occur out of nowhere.

Why your bitcoin shows pending for so long

Here’s what happens when you send Bitcoins to someone

Whenever you send someone Bitcoins, the transaction goes through different computers running the Bitcoin protocol around the world that make sure the transaction is valid. Once the transaction is verified it then “waits” inside theMempool (i.e. in some sort of a “limbo” state).
It’s basically waiting to be picked up by a Bitcoin miner and entered into a block of transaction on the Blockchain. Until it is picked up it’s considered an “unconfirmed transaction” or a “pending transaction”. A new block of transactions in added to the Blockchain every 10 minutes on average.
However since there are so many transactions lately due to the price increase, and a block can only hold a finite amount of transactions, not all transactions are picked instantly. So you need to wait for a certain amount of time until a miner decided to pick your transaction out of all of those sitting around in the mempool.
Once your transaction is included in the block it receives its first confirmationand it’s no longer pending. After another block of transactions is added it will get another confirmation and so on

The origin of bitcoin

The origin of Bitcoin

Bitcoin is a cryptocurrency, a number associated with a Bitcoin address. In 2008, a programmer (or group of programmers) under the pseudonym Satoshi Nakamoto published a paper describing digital currencies. Then in 2009, it launched software that created the first Bitcoin network and cryptocurrency. Bitcoin was created to take power out of the hands of the government and central bankers, and put it back into the hands of the people.
There are currently about 12 million Bitcoins in circulation, though when it was created, the programmer said there is a finite limit of 21 million Bitcoins out there. They are currently valued at around $2060 each, according to Bitcoin Charts, which tracks the activity. The value surged as high as $1000 each in December 2013

The different BTW virtual,digital and crypto currency

1. The difference between virtual, digital, and cryptocurrencies

Virtual currencies were developed because of trust issues with financial institutions and digital transactions. Though they aren't even considered to be "money" by everyone, virtual currencies are independent of traditional banks and could eventually pose competition for them.
First, there are three terms that are sometimes used interchangeably that we need to sort out: virtual currency, digital currency, and cryptocurrency.
Virtual currency was defined in 2012 by the European Central Bank as "a type of unregulated, digital money, which is issued and usually controlled by its developers, and used and accepted among the members of a specific virtual community." Last year, the US Department of Treasury said that digital currency operates like traditional currency, but does not have all the same attributes -- as in, it doesn't have legal tender.
Digital currency, however, is a form of virtual currency that is electronically created and stored. Some types of digital currencies are cryptocurrencies, but not all of them are.
So that leads us to the more specific definition of acryptocurrency, which is a subset of digital currencies that uses cryptography for security so that it is extremely difficult to counterfeit. A defining feature of these is the fact they are not issued by any central authority.

Digital money (currency)

digital currency  is a worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders.

Digital currency are  like of PayPal, payza, perfect money and so on

Note..Digital money is not tangible like a dollar bill or a coin. It is accounted for and transferred using computers. Digital money is exchanged using technologies such as smartphones, credit cards and the internet.


Digitalcoin is a decentralized peer-to-peer cryptographic medium of exchange that is not controlled by any central authority. Digitalcoinis designed for security, stability, and ease of use. This regard for stability is inherent in the design of the economy and in the spirit of the community.