Translation project: ''Volentix papers'' - ''vespucci''

in translations •  5 years ago 

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Repository:

Volentix on github (https://github.com/Volentix)
Volentix on crowdin (https://crowdin.com/project/volentix-papers)

Project details:

Overview:
The history of blockchain began in 2009, that was the year the wonderful and powerful innovation came to live. The scope and functionality of the technology brought ease towards day-to-day activities across many fields such as;
medicine, sports, nanotechnology, nuclear physics, gene research, music, food technology, biology, production, finance, education, agriculture and many other areas of life.
It is a decentralized system that eliminates the activities of intermediaries.
In short, Blockchain technology is a lodestar of technological development.
Focusing on the finance sector, it is glaring that blockchain technology is fast dominating, based on the tremendous benefits it ushered-in against the traditional centralized system. It does not only ensure security and eliminates conflicts in the finance sector but also encourages digital asset investment and crypto trading.

However, to further enhance digital asset investment and crypto trading, using the blockchain technology, Volentix invented VESPUCCI – A unique platform to track and monitor the evolution of blockchains and digital asset.

INTRODUCTION TO VESPUCCI

Vespucci is a new online platform built by the Pythagoras system, integrated into the volentix ecosystem.
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It is a significant pillar of the four (4) pillars of Volentix. Vespucci brings together every detail about blockchains and digital assets on a simple and intuitive interface using various tools for the benefit of both experienced and non-expert users – hence, alleviating the human factor of decision making.

Vespucci collects and analyzes information about blockchains and many digital assets via machine learning and artificial intelligence to provide an accurate result to its users.

It's a new system that satisfies the aforementioned functionalities and goes well beyond. In particular, it monitors the evolution of blockchain and cryptocurrency markets and, by harnessing the power of cutting-edge AI and Machine Learning technology, delivers unbiased, robust and up-to-date rankings that represent the real value of a very wide spectrum of coins, but also their future potential.
It brings to your fingertips confident and comprehensive data by aggregating the information currently scattered throughout various blockchains, websites, chat rooms, and exchanges.
Further, we empower users with tools to graph and compare tradeable digital assets, to access and parse historical trading records, to plot trends and patterns, and to monitor and assess open-source software developments.
The platform provides non-experts with:

  • An intuitive analytical agent and market-relevant overview of cryptocurrencies
    [This will assist users In arriving at a decision, categorized into three forms namely
    -A sentiment gauge for Sentiment Analysis (SA),
    -Technical Analysis (TA)
    -Fundamental / Technological analysis (FTA).]

  • A rating system of cryptocurrencies including risk assessment
    [Vespucci performs a deliberate digital asset audit and also function as a risk assessment utility. It provides a chart for the comparison of tradable digital assets.]

  • A dashboard for cryptocurrency news.
    [This is news arena where up to date information about cryptocurrencies as well as updates of the digital world could be accessed to support decision making.]

Vespucci accomplishes its mission by being, at the same time, Open-source, Decentralized, Objective, Automated, Intuitive, and In demand.
It offers a unique service integrating all features into a single platform.
Moreover, it can warn against scam coins. And, by relying on the Ethereum blockchain, it is particularly suited to support the smart contract systems of the immediate future.
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Pillars:

Sentiment analysis (SA) of crypto-related content is generated by the public on social media, blogs, forums and news sites such as Twitter, Telegram, Facebook, Reddit etc.
Its importance stems from the fact that public opinion bears a major weight of cryptocurrencies’ monetary valuation.
The key differentiating fact of Vespucci’s SA is the broad and complete spectrum of data sources that are collected and analyzed.
A user experience linking to the cryptocurrency's public community forum is developed to provide up to date announcements and statistics of community activity. Data ingestion and sentiment scoring are being decentralized to provide secure, community-led, unbiased and credible results.

Technical analysis (TA) evaluates assets and identifies opportunities by analyzing statistics gathered from trading activity, such as price movement and volume.
They focus on indicators and methods suitable for assets exhibiting high price volatility, and hence suitable for cryptocurrencies.
Typical sources include CoinMarketCap, CoinTelegraph or BitInfoCharts.
''TA'' postulates that the analysis of price movement or the supply and demand of currencies are key to identifying trends in the currency. A variety of related techniques and indices for economic data analysis are employed, namely, Keltner Channels, Moving Average Crossovers, Relative Strength Index, Bollinger Bands, and MACD.

Fundamental and Technological Analysis (FTA) starts with a quantitative analysis from a social perspective which looks at the involvement of the developer community surrounding the project.
Such metrics include but are not limited to online community participation, codebase activity‬, creator approachability and responsiveness.
Vespucci examines information from GitHub and the literature to monitor social cues standardized among software developers such as The expertise and track record of the team; The activity on GitHub; The quality of code and maintenance of the software; The corresponding white paper; The mathematical and cryptographical principles of the system.

FTA is complemented by a quantitative analysis of network statistics of the blockchain, giving a real-time view of the cryptocurrency.
Evaluation of the technological concepts of the different blockchain technologies is our basis in ranking different architectures in terms of performance, privacy, security and regulation. Employed statistics include but are not limited to:‬ Block propagation time; Hash-rate vs Difficulty over Time‬, Price and Power consumption; Node activity‬ and distribution‬; Coin and miner distribution‬; Transaction levels and fees; Security; Scalability; Hardware requirements for storage.
Today, blockchain explorers, such as ''coinmetrics'' and ''cryptocompare'' are widely available to support this task.

Architecture & User Experience

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The final score for each cryptocurrency depends on all three pillars, weighted either by default values or by weighs provided by the user.
Based on research and trial of assessment parameters, appropriate weights are established.

The output of all three constituents together with the corresponding price movements for different frames yield the final ranking.
Alternatively, the exploit in recent breakthroughs in deep neural networks has been done to automate the combination of scores without human intervention, so as to avoid introducing direct or indirect bias.
This is coupled with Post-processing for humans.

Platform features :

  • Compile a cryptocurrency index using a scale of 5 stars
  • Show and explain the parameters used in scoring
  • Display up-to-date SA charts
  • Provide a cryptocurrency distribution scheme
  • Monitor transaction history
  • Reveal the technical and economic characteristics of coins
  • Draw charts of activity on GitHub
  • Evaluate Blockchain and software support
  • Record activity on social networks using points on the world map
  • User Options
  • Explore in detail features of selected cryptocurrencies, next to name and symbol
  • Configure rating system, by activating a subset of parameters or adjusting their priority
  • Study separately the basic parameters, identify those shaping fluctuation of each coin
  • Filter cryptocurrencies according to hash-rate and chronological period of activity
  • Ability to add other utility charts through a list of parameters

User Options

Explore in detail features of selected cryptocurrencies, next to name and symbol
Configure rating system, by activating a subset of parameters or adjusting their priority,
Study separately the basic parameters, identify those shaping fluctuation of each coin
Filter cryptocurrencies according to hash-rate and chronological period of activity
Ability to add other utility charts through a list of parameters

{Acknowledgement- This text is based on NH’s original vision docs and AA’s update on them.}

Contribution specifications

Overview
I welcome you to the most transparent, expandable and unbreakable platform.
By now, you should know that the cryptocurrency business has recently attracted wide universal attention. why?
So many people have invested in a cryptocurrency market to increase profits. It is worth noting that crypting investments, which are online investments based on blockchain technology, are reliable and very profitable.
People always research investment projects that are very reliable and have a great upcoming future.

Its exchange feature is great because it allows different options to be done successfully and takes care of not raising the trading fee, to ensure the users of safe trading.
As the platform launches, it will become able to offer users with withdrawing and transfer options for their assets and will serve as a makeup for the loss of their assets and time in the past exchanges.

It easily allows the use of a unique algorithm wallet in which all the funds of traders can be housed during, after and before the trading activities.
This is what helps them to maximize profits and cost in the system.

When transactions are done in other platforms or shopping networks, Xcoynz allows its users to pay with ease and also get paid through the provided retail payment gateway that is installed in it.

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VDex has established itself as one of the most advanced and reliable platforms for a cryptographic trading platform with a high degree of security - one of the most secure, fast and powerful platforms using the best operating system - EOS.IO.
This is a collective effort where different parties come together to create software that will improve the use of cryptotermine.

Volentix is a multifunctional cryptocurrency-based ecosystem that mainly consists of four large pillars of DApps.
These of them work in synergy with each other to increase their efficiency, which will improve the entire Volentix ecosystem. These pillars include;

Venue Dynamic Community Platform - this pillar has the mandate to ensure that people are involved in the Volentix community to promote the growth of the ecosystem.

Verto Wallet- which ensures the funds are constantly managed by VDex users. Verto is a multi-currency wallet for VDex. By supporting this financing, Verto uses a system of intelligent contracts to maintain the state between two trading clients, with the simplest operations performed using atomic swaps.

Analytical engine Vespucci - it increases liquidity. Vespucci increases liquidity by increasing user confidence and attracting more users to the Volentix platform.

The development of technology and the digital ecosystem has caused the need for emerging cryptocurrencies, and at the same time, there are many thefts through weak systems in the absence of strong security in protecting cryptography assets.
The main reason for many of these hackers is the lack of protection in security and depth approaches and weak rules.

** Languages: **

Source language: English
Target language: Hebrew
Words translated: 2145 ( out of 11 679)
I completed up until now 84% of the project and I aim to translate the Volentix project into Hebrew until it is 100% complete!

Proof of Authorship:
Here is My Crowdin Profile: https://crowdin.com/profile/ilijanaglassman

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Excellent work! Keep it up 👍

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