Monero Classic XMC to Cosmo Coin COSM Exchange

Crypto Pair Details: XMC to COSM

Monero Classic XMC

Monero-Classic (XMC) is a hard fork of Monero (XMR), announced on 29th March. Part of Monero's development is that it hard-forks every 6 months, this is completely normal so not a surprise. After one of these scheduled hard-forks Monero retains the ticker symbol 'XMR' as well as the upgrades from the hard-fork; on the 6th April hard-fork it had changes including resistance to Cryptonight ASIC miners. If people disagree with these hard-forks, they can create their own versions of Monero. The strong financial incentives against this hard-fork, resulted in 4 different entities that each has created versions of Monero that still support ASIC miners, with their own new ticker symbols: Monero (XMR), the coin supported by the core Monero development team Monero Original (XMO), announced on 29th March Monero 0 (ZMR), shared on Reddit on 31st March 2018 MoneroClassic (XMC), first Tweet on 4th April 2018 Monero-Classic (XMC), first Tweet on 5th April 2018 On the project website, the person behind Monero-Classic identifies himself as “PZ, an early Bitcoin evangelist and blockchain eco builder”. PZ's message on the website: Hello, everyone! I'm PZ, an early Bitcoin evangelist and blockchain eco builder. Most of you know me because of my efforts and adherence to the ecological development of blockchain industry. In the past few years, I saw Bitcoin community and Litecoin community both fell apart for long time due to different ideas , and the development of main chains was unable to move forward. So I organized Litecoin International Round Table Forum and Bitcoin International Round Table Forum in 2017. The two meetings were very successful. The upgrade of Litecoin and Bitcoin also went on successfully. Recently, our team noticed that XMR (Monero), the world’s largest anonymous currency, is about to change the PoW algorithm, and plans to further change it twice within 1 year. As we all know, the reason for this algorithm change is that many companies (BITMAIN, PinIdea, etc.) have developed specialized mining machines for Monero. Actually, the emergence of specialized mining machine for a cryptocurrency is normal market economy phenomenon. In the 10 years since the cryptocurrency community was born, we have seen the birth of specialized mining machine for Bitcoin. Then there emerged Litecoin, which was expected to be against specialized ASIC mining machines, using script algorithm which was considered to be'against ASIC' at that time. While after only two years, there appeared specialized mining machine for Litecoin. We considered about whether to change algorithm to be against specialized ASIC mining machines or not. However, after prudent and serious discussion, we believe that for any kind of valuable algorithm, the emergence of mining machine is only a matter of time. Finally, we made our choice to accept the existence of professional mining machines. Now more and more high-value currencies (algorithms) have respondent specialized ASIC mining machines, which has become a common phenomenon in the industry. Is the existence of specialized mining machines completely useless? Obviously, this argument is unfair. The emergence of specialized mining machines will indeed accelerate the rise of problems such as centralization of computational power. But we should be reminded the fact that emergence of professional mining machines will also greatly improve network security. If there are professional mining machines, the events like “Monero was attacked by more than 500,000 botnets” could be avoided. We understand that Monero team expects to stick to the expectations and work of Monero's “against ASIC mining machine”. For a long time, due to the excellent work of Monero team, XMR and its community have achieved great development, providing much valuable contributions to the entire cryptocurrency community. In the community, many people agree with this hard fork of changing algorithms. However, I feel that there is still a part of people who want to maintain the original algorithm and accept the existence of mining machines. They should be heard and respected. We believe that the two ideas of 'embrace ASIC mining machines' and 'against ASIC mining machines' both have their own strengths and weakness. At present, the vigorous development of the global cryptocurrency ecology is precisely due to the emergence of various ideas of different people. The collision of different ideas has brought out the flourishing of various digital currencies. We always believe that the ecological diversity of cryptocurrency community is much conducive to the birth of a more secure, stable, prosperous and beautiful encrypted world. We can, and should, allow these minority of people, who are adhering to a different idea, be given equal opportunities with the majority, and the free market will make its own choices. Therefore, we believe that these two thoughts should be given equal opportunities for development. We will make our best efforts to maintain the Monero system before this algorithm change, thereby preserving the fire that gives the ecology more potential for development. At the same time, we also invite developers, mining machine manufacturers, trading platforms, miners, purses, and others in this ecological chain to join us, so that the network ecology can gain more possibilities! XMC wallet GUI for Windows: https://github.com/monero-classic/monero-gui/releases/download/v0.1.0.0/monero-classic-wallet-gui.zip MD5：e6dabd083bbaae95fdb87bc0d4aaf483

Cosmo Coin COSM

Cosmochain is a complementary Company-to-Consumer platform that connects cosmetics product users and content creators to cosmetics product suppliers, including cosmetics companies, OEM/ODM manufacturers, R&D centers, and distributors. Through this platform, the Cosmochain Team aims to solve the aforementioned unmet needs of both companies and customers. All data collected from platform participants are kept confidential in this customer-centered ecosystem. Those who contribute their scarce time and attention toward producing and curating contents for others are compensated with tokens and receive pro-rata ownership of the contents they create. On the other hand, cosmetics product suppliers are able to actualize a wide variety of “on-demand” services on the platform by utilizing API that Cosmochain provides. Two different tokens and one internal virtual index make up the Cosmochain ecosystem: 1) The first token is an externally traded token called Cosmo Coin, 2) The second token as well as an index of contribution to the platform is Cosmo Power, which can be used to make payment within the platform and given out as rewards for activities, and 3) The one virtual index is called Cosmo Level. Cosmo Level, a reputation index, is designed to prevent abuse of power within the platform and can only be accumulated by actual activities and contribution. Having been assigned distinct roles within the Cosmochain platform, these three entities construct a healthy ecosystem. ● The success of the Cosmochain platform lies in the active participation of users – where customers create reliable data after trying out various cosmetics products and sharing the experience with one another on the platform. As a result, Cosmochain has designed its own transparent and fair reward system based on Steemit’s incentive model. ● The Cosmochain platform connects this user-created data to interested company participants and distributes the payment made by the company to customers as reward for use of the information. Through this reward system, Cosmochain aims to address two structural issues of social media-based platforms: 1) risk of inflation following the necessity of a long-term and great quantity of token issuance to grow the community, and 2) risk of decreasing attractiveness of contribution rewards after the inflation rate has been stabilized. ● In addition, the Cosmochain platform aims to realize an upgraded tokenization model that brings the power back to its users by redistributing the following: (i) the right to display ads in a user’s viewing space, (ii) the right to access a personally curated Marketplace, and (iii) the right to share personal data to partake in a study or survey. Simply speaking, the Cosmochain platform will go beyond simply allowing users to share onedimensional personal information. As such, Cosmochain serves the purpose of revolutionizing the cosmetics industry’s ecosystem by redistributing ownership and management authority of personal cosmetics data and contents to those in need, and through operations of transparent rewarding system for the redistribution of data.

SOURCE: COINGECKO

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