PLEASE NOTE: The concepts and definitions of Cryptocurrency are "lofty" to most people new to the subject.
We will endeavor to give as many definitions for the concepts we use here on this page as hyperlinks to articles that define the Cryptocurrency concepts for you. Please be responsible as a student to the subject, as you would with any subject, and take the time to look up the definitions of words you don't know fully as you go, do demonstrations with a demo kit, watch a primer on the subject, etc., so you have complete command of the subject.
An abridged glossary can be found below for brevity, if needed. Be sure to use the definitons you look up in sentences of your own making, using the word you're defining until you can make them fluently, quickly, and without hesitation. Then and only then do you really have command of the concept. Savy? You'll thank us later!
An Alphabetical Cryptocurrency Glossary for you...
Click on the image below to join our Telegram Channel -
October 20th, 2021 8:15 AM CST
After much testing and added new servers, OTcoin now has two masternodes and several nodes, all running on seperate secure servers. Server activity is increasing by leaps and bounds! (See the EKG looking screen below...)
Wallet adoption is on the move up, too!
We will soon be getting listed on several exchanges, get your wallet (see our October 12th post below) and start mining or host a masternode before the exchange listings to get in on the ground floor for a New Era in Independent Scientology before it begins. For details and support on how to do so, contact us on our Telegram or our Discord server Channels for more information!
What purpose does OTcoin serve?
That announcement will be coming next week... (Hint - How about replacing the COS for the 21st Century by making going OT profitable, just for starters?)
October 12th 2021 10:00 AM GMT +2
Your mined coins will be worth something quite valuable to you as an Independent Scientologist very soon, as a way of saying thanks for early adoption of OTcoin...
All of the OT Coin Wallets are now available below, just click the image for your computers operating system to download and install until the new web site for the coin is complete:
October 10th, 2021 8:50 PM GMT +2
The OTcoin Block explorer is now up and running! Soon to be added to the new upcoming website.
October 3rd, 2021 3:20 pm GMT +2
The OTcoin blockchain explorer now is being tested before being added to the upcoming website.
What is a blockexplorer and how does it show transparency in transactions with OTcoin? Watch this video to find out! many of the statistics for mining and transactions being completed are much less for OTcoin than say Bitcoin for example so please keep that in mind while watching the video. All of OTcoins transaction times and stats will be explained on our new upcoming OTcoin website very soon.
October 1st, 2021 11:45 am GMT +2
Wallets will be rolling out over the next few days for OTcoin as of today here on the coin's blog until the new web site for OTcoin is finished. Click on the image below for the MAC OSX wallet, which is also a miner for OTcoin!
Just install the application in your applications folder, open the app from the applications folder or place it in your dock on your desktop to start mining on the network and make transactions both minor and major transactions.
Directions for use will be coming this weekend here on the blog along with other downloads being made available.
OTcoin - Apple OSX Wallet
October 1st, 2021 10:00 am GMT +2
OTcoin is BOTH a proof of work and proof of stake cryptocoin, based on the PIVX crypto framework. Here's a short video on what the difference is between proof of work and proof of stake methodolgies.
September 22, 2021 - Evening
The New OTcoin Logo and Icon created by Lisa Kemsley-Burke (Scientologirl) with Adobe Animate CC and Photoshop CC.
September 22, 2021 - Morning GMT +2
New nodes are continuing to be propogated to volunteer Independent Scientologist server contributors for the OTcoin blockchain network. What this does is creates a network of validation in the security of the coin.
The OTcoin blockchain explorer will be installed today along with the new OTcoin website which will be put into place today also. Link coming soon!
September 16th, 2021
Node and wallet distribution will begin today for OTcoin after the masternode was installed today with success on our server. Work has begun on the OTcoin Whitepaper in earnest, which will be published here and elsewhere when complete.
September 13th, 2021
September 11th 2021
Noteworthy OTcoin event!
At 4:37 am CST, 11:39 am SAST, the first block * of OTcoin was mined, ever!!
*What Is a Cryptocoin Block? Blocks are files where data pertaining to the OTcoin network are permanently recorded. A block records some or all of the most recent Bitcoin transactions that have not yet entered any prior blocks. Thus, a block is like a page of a ledger or record book or blockchain.**
**A Blockchain is a system of recording information in a way that makes it impossible to change, through cryptographic means (ergo the prefix of "crypto" in cryptocurrency) hack or cheat the system. A blockchain is essentially a continual perpetuation of verified blocks or pages, connected to one another as a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain.
Septmeber 10th, 2021
What if there was a social media platform for Independent Scientologists that created an economy out of good news, good works, wins, helping one another, spreading theta, educating one another on Independent Scientology and how to use it in life, keep the integrity of the tech and admin secure (not changeable) through blockchain use, AND at the same time you were rewarded with a fungible* cryptocurrency for doing so?
What if you could get paid for going Clear and OT? What if you could support and thrive with others as they go up the Independent Scientology Grade Chart, do courses, help others do the same, and pay bills with your efforts and good works? What if standard tech could be rewarded too, everytime you read or applied a bulletin, applied an axiom, gave a touch assist, or had well done auditing hours as an auditor? What if there was an economy specifically for being an Independent Scientologist that blurred the line on survival and exchange to a point where everything centered around making a sane planet, behaving as a true Clear and OT, making a fun game to play again outside the COS and turning the tables on really being, doing, and having Independent Scientology on all eight flows of exsistence?
Would that be a FUN game to you?
As of today this 2021'st trip around the sun, on Septmeber 10th, it has now become a reality for all Independent Scientologists, Scientologists, and the world alike- for the first time ever.
Bookmark this page and check it often.
Details coming soon...
For inquiries contact us HERE
Fungible -verb - 1.In economics, fungibility is the property of a good or a commodity whose individual units are essentially interchangeable and each of whose parts is indistinguishable from another part.
2. Verb - If something is fungible, you can exchange it for something else. Fungible comes from a Latin phrase meaning “to serve in place of” and that's what something that's fungible does: serves in place of what it's exchanged for.
Derivation: late 17th century: from medieval Latin fungibilis, from fungi ‘perform, enjoy’, with the same sense as fungi vice ‘serve in place of’.