Exploring the Impossibility of Decentralization https://www.miningbios.com Custom timings,memory shift,stock mods Tue, 03 Dec 2019 05:46:23 +0000 en-US hourly 1 https://wordpress.org/?v=5.2.4 https://www.miningbios.com/wp-content/uploads/2018/02/cropped-World-Wide-Web-PNG-Pic-32x32.png Exploring the Impossibility of Decentralization https://www.miningbios.com 32 32 143321566 Exploring the Impossibility of Decentralization https://www.miningbios.com/2019/12/03/exploring-the-impossibility-of-decentralization/ https://www.miningbios.com/2019/12/03/exploring-the-impossibility-of-decentralization/#respond Tue, 03 Dec 2019 05:46:12 +0000 https://www.miningbios.com/?p=737 This article is originally published in Albaron Ventures. Grade school might tell you anything is possible. Complete and total decentralization, however, is not– at least sustainably.  The premise that decentralization is impossible hinges on the fact that decentralization “experiments” such as Bitcoin have approached towards degrees of centralization. For example, Bitcoin’s Proof-of-Work (PoW) mechanism relies […]

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This article is originally published in Albaron Ventures.

Grade school might tell you anything is possible. Complete and total decentralization, however, is not– at least sustainably. 

The premise that decentralization is impossible hinges on the fact that decentralization “experiments” such as Bitcoin have approached towards degrees of centralization.

For example, Bitcoin’s Proof-of-Work (PoW) mechanism relies on many different nodes to “mine,” or verify and facilitate transactions. These miners are rewarded a portion of transaction fees and a shot at winning the Bitcoin block reward, which is currently 12.5 bitcoins or about $115,000– a not insignificant prize dished out about 144 times per day

This has incentivized the creation of “mining pools,” or a collection of nodes that work together and divide the prize among the operators. Mining pools have taken what would otherwise be a decentralized utopia and coalesced a degree of centralization. The current state of Bitcoin mining is far from a single entity controlling the network with a  51% lion’s share, but it still highlights the downfalls of decentralization. 


There are cryptocurrencies that utilize different consensus mechanisms such as Proof-of-Stake and Delegated-Proof-of-Stake, and they manage to address some of

Bitcoin’s drawbacks (such as high energy costs to mine), but they still leave the glaring decentralization issue. 

A particularly noteworthy concept is that Bitcoin, a network with no single individual party dictating its future, has gravitated towards centralization on its own. Centralized entities may receive some flak in the cryptocurrency and blockchain community, but they are at least able to enforce and control certain elements, a task nearly impossible for a theoretical, fully decentralized entity

Do we really need full decentralization?

The core tenet of decentralization, at least among the common blockchain ethos, is that decentralization insulates the network from tyranny and corruption, a duo that has plagued human governance and economics since the dawn of organized civilization. 

The same concepts that power Adam Smith’s “free market” philosophy that underpins modern economics encourage decentralization as long as every party is properly incentivized (mining rewards) and has access to somewhat similar resources (electricity, reasonable utility costs, etc) as the next. 

The glory of today’s blockchains isn’t so much derived from the idea of a utopian decentralization, but more so as a rebellion against the status quo of centralized banks dictating the economy, individuals being tethered to the success of their government, and the ability for large tech corporations and banks to shut down financial accounts at will. 

There are several degrees of “decentralization”, and even though not “perfect,” even smaller decentralization improvements can be disruptive to the existing “centralized” status quo. 

The goal is to figure out which areas will be impacted first; and which are the top use cases given the infrastructure’s properties (security, decentralization, scalability). 

For example, think of the idea of a decentralized “Uber,” a popular thought experiment in the blockchain entrepreneurial community. When someone needs a car to pick them up, what would they prefer: a nearly immediate connection to a driver courtesy of an efficient centralized server, or waiting for minutes and potentially hours for the transaction to be verified and processed? 

Final Thoughts

Although the push towards absolute decentralization is unfeasible, and in reality, decentralization benefits vary across use cases. Simply put, we don’t need decentralization for everything– centralization tends to work just fine for most things, and it shouldn’t be viewed as an enemy of what the blockchain movement seeks to accomplish. 

Ultimately, blockchain is simply just another technology to be leveraged to solve certain problems. 

Once upon a time, centralization was the solution to the disorganized chaos of the unpredictable. Our ancestors who lived in groups tended to live longer and better lives than individuals not in groups. 

These groups evolved into tribes that utilizes some form of centralization (leadership, hierarchy, enforced order) that protected its members and utilized resources more efficiently. Eventually, tribes expanded and, however indirectly, ended up becoming countries that function using the same centralized mechanics. 

Decentralization uses the evolution of the Internet and technological infrastructure to create systems that don’t require a centralized entity’s direct oversight. However, decentralized entities can only function within the scope of a centralized society.

Today’s projects are able to enjoy both the benefits of existing within the confines of a centralized society and the possibilities enabled by blockchain and the Internet. While full decentralization might be impossible, there’s no reason to fuss. 


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Update PolarisBiosEditor https://www.miningbios.com/2019/11/26/update-polarisbioseditor/ https://www.miningbios.com/2019/11/26/update-polarisbioseditor/#respond Tue, 26 Nov 2019 02:17:56 +0000 https://www.miningbios.com/?p=734 send me on mail or comment this post, what future/option want in pbe to be added.. 🙂

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send me on mail or comment this post, what future/option want in pbe to be added.. 🙂

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promotion PolarisBiosEditor pro performance source code https://www.miningbios.com/2019/10/30/promotion-polarisbioseditor-pro-performance-source-code/ https://www.miningbios.com/2019/10/30/promotion-polarisbioseditor-pro-performance-source-code/#respond Wed, 30 Oct 2019 17:03:24 +0000 https://www.miningbios.com/?p=725 Promo PBE Pro performance source code with all features, life time license, full developer support in future. check my store and buy source for half price. FIRST 3 WHO SUBSCRIBE TO MY YOUTUBE CHANNEL AND CONTACT ME ON MAIL I WILL SEND FREE!!! Check my miningbios.com and dev.miningbios.com store for source code 😀

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Promo PBE Pro performance source code with all features, life time license, full developer support in future. check my store and buy source for half price.

FIRST 3 WHO SUBSCRIBE TO MY YOUTUBE CHANNEL AND CONTACT ME ON MAIL I WILL SEND FREE!!!

Check my miningbios.com and dev.miningbios.com store for source code 😀

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Will Bitcoin Ever Be Regulated? https://www.miningbios.com/2019/10/29/will-bitcoin-ever-be-regulated/ https://www.miningbios.com/2019/10/29/will-bitcoin-ever-be-regulated/#respond Tue, 29 Oct 2019 11:34:25 +0000 https://www.miningbios.com/?p=721 As Bitcoin and other digital assets continue to grow in adoption and popularity, a common topic for discussion is whether the U.S. government, or any government for that matter, can exert control of its use.  There are two core issues that lay the foundation of the Bitcoin regulation debate: The digital assets pose a macro-economic […]

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As Bitcoin and other digital assets continue to grow in adoption and popularity, a common topic for discussion is whether the U.S. government, or any government for that matter, can exert control of its use. 

There are two core issues that lay the foundation of the Bitcoin regulation debate:

The digital assets pose a macro-economic risk. Bitcoin and other cryptocurrencies can act as surrogates for an international currency, which throws global economics a curveball. For example, countries such as Russia, China, Venezuela, and Iran have all explored using digital currency to circumvent United States sanctions, which puts the US government at risk of losing its global authority. 

International politics and economics are a very delicate issue, and often sanctions are used in place of military boots on the ground, arguably making the world a safer place. 
The micro risks enabled by cryptocurrency weigh heavily in aggregate. One of the most attractive features of Bitcoin and other digital assets is that one can send anywhere

between a few pennies-worth to billions of dollars of Bitcoin anywhere in the world at any time for a negligible fee (currently around $0.04 to $0.20 depending on the urgency.) 

However, in the hands of malicious parties, this could be very dangerous. The illicit activities inherently supported by a global decentralized currency run the gamut: terrorist funding, selling and buying illegal drugs, ordering assassinations, dodging taxes, laundering money, and so on. 

Can Bitcoin Even Be Regulated?

Before diving deeper, it’s worth asking whether Bitcoin can be regulated in the first place. 

The cryptocurrency was built with the primary purpose of being decentralized and distributed– two very important qualities that could make or break Bitcoin’s regulation. 

By being decentralized, Bitcoin doesn’t have a single controlling entity. The control of Bitcoin is shared among several independent entities all over the world, making it nearly impossible for a single entity to wrangle full control over the network and manipulate it as they please. 


By being distributed, Bitcoin exists at many different locations at the same time. This makes it very difficult for a single regulatory power to enforce its will across borders. This means that a government or other third party can’t technically raid an office and shut anything down. 


That being said, there are several chokepoints that could severely hinder Bitcoin’s adoption and use.

  1. Targeting centralized entities: exchanges and wallets 

A logical first move is to regulate the fiat onramps (exchanges) , which the United States government has finally been getting around to. In cryptocurrency’s nascent years, cryptocurrency exchanges didn’t require much input or approval from regulatory authorities to run. However, the government started stepping in when cryptocurrency starting hitting the mainstream. 

The SEC, FinCEN (Financial Crimes Enforcement Network), and CFTChave all played a role in pushing Know Your Customer (KYC) protocols and Anti-Money Laundering (AML) policies across all exchanges operating within U.S borders.  

Cryptocurrency exchanges have no options but to adhere to whatever the U.S. government wants. The vast majority of cryptocurrency users rely on some cryptocurrency exchange to utilize their cryptocurrency, so they will automatically bend to exchange-imposed regulation. 

Regulators might not be able to shut down the underlying technology that powers Bitcoin, but they can completely wreck the user experience for the great majority of cryptocurrency users, which serves as enough of an impediment to diminish the use of cryptocurrency for most. 

  1. Targeting users.

The government can also target individual cryptocurrency users. Contrary to popular opinion, Bitcoin (and even some privacy coins) aren’t anonymous. An argument can be made that Bitcoin is even easier to track than fiat because of its public, transparent ledger. 

Combined with every cryptocurrency exchange’s willingness to work with U.S. authorities, a federal task force could easily track money sent and received from certain addresses and pinpoint the actual individual with it. Companies such as Elliptic and Chainalysis have already created solid partnerships with law enforcement in many countries to track down illicit cryptocurrency uses and reveals the identities behind the transactions. 

Beyond that, we dive into the dark web and more professional illicit cryptocurrency usage. Although trickier, the government likely has enough cyber firepower to snipe out the majority of cryptocurrency-related cybercrime. In fact, coin mixers (cryptoMixer.io), coin swap services (ShapeShift) and P2P bitcoin transactions (localbitcoins.com) have been investigated for several years now and most of them have had to add KYC and adhere to strict AML laws. 

Final Thoughts

Ultimately, it’s going to take a lot to enforce any sort of significant global regulation on Bitcoin, with the most important factor being a centralization and consensus of opinion. The majority of the U.S. regulatory alphabet agencies fall into the same camp of “protect the good guys, stop the bad guys”, but there isn’t really a single individual piece of guidance to follow. Currently, cryptocurrencies are regulated in the US by several institutions: CFTC, SEC, IRS, making it difficult to create overarching regulatory guidelines.  

In short, yes– Bitcoin can be regulated. In fact, its regulation has already started with the fiat onramps and adherence to strict KYC & AML laws. While in countries such as Ecuador, Bolivia, Egypt and Morocco Bitcoin ownership is illegal, in the US, it would take some bending of the moral fabric of the Constitution in order for cryptocurrency ownership rights to be infringed.

However, it cannot be shut down. There are still ways to buy, sell, and trade Bitcoin P2P, without a centralized exchange. It would take an enormous effort by any government to completely uproot something as decentralized as Bitcoin, but that future seems more dystopian than tangible. 

post original writen by albaronventures


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Important https://www.miningbios.com/2019/09/23/important/ https://www.miningbios.com/2019/09/23/important/#respond Mon, 23 Sep 2019 03:13:09 +0000 https://www.miningbios.com/?p=706 miningbios.com will be offline for one week, but there is backup store dev.miningbios.com and here is available PolarisBiosEditor Update also check new product AMD Memory Tweak 😀 If there is C/C++ and C# developers please enter contact form and join us. 😀 we need developers in miningbios team 😀

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miningbios.com will be offline for one week, but there is backup store dev.miningbios.com and here is available PolarisBiosEditor Update also check new product AMD Memory Tweak 😀

If there is C/C++ and C# developers please enter contact form and join us. 😀 we need developers in miningbios team 😀

[contact-form-7]

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Vega bios editor and new polaris https://www.miningbios.com/2019/07/28/vega-bios-editor-and-new-polaris/ https://www.miningbios.com/2019/07/28/vega-bios-editor-and-new-polaris/#respond Sun, 28 Jul 2019 06:15:30 +0000 https://www.miningbios.com/?p=647 Soon i will release Vega Bios Editor pro performance (full working edition with pro performance straps) also have support for radeon VII.   Vega bios editor lite version will be available only for read and change values in real time (like amd memory tweak by eliovp) but with more cool features.   Polaris bios editor […]

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Soon i will release Vega Bios Editor pro performance (full working edition with pro performance straps) also have support for radeon VII.

 

Vega bios editor lite version will be available only for read and change values in real time (like amd memory tweak by eliovp) but with more cool features.

 

Polaris bios editor lite edition will be available only for read and change values in real time (like amd memory tweak by eliovp) but with more cool features.

Soon more info about editors..

Also coming soon new cryptonight miner with Tweak and Strap options like SRBMiner-CN and Claymore 14.7..

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FASTMiner-SG https://www.miningbios.com/2019/06/15/fastminer-sg/ https://www.miningbios.com/2019/06/15/fastminer-sg/#respond Sat, 15 Jun 2019 16:05:06 +0000 https://www.miningbios.com/?p=634 New miner for multi algos Support x16r/x16s/xevan/x17/phi/tribus/aergo/polytimos/geek/skunk algos. It contains 1% dev fee.   https://github.com/vvaske/FASTMiner-SG/releases

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New miner for multi algos

Support x16r/x16s/xevan/x17/phi/tribus/aergo/polytimos/geek/skunk algos. It contains 1% dev fee.

 

https://github.com/vvaske/FASTMiner-SG/releases

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fast miner v1.1 https://www.miningbios.com/2019/03/21/fast-miner-v1-1/ https://www.miningbios.com/2019/03/21/fast-miner-v1-1/#respond Thu, 21 Mar 2019 09:44:18 +0000 https://www.miningbios.com/?p=619 this miner is fork of xmr stak, low dev fee 0.5% https://github.com/vvaske/Fast-Miner/releases

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this miner is fork of xmr stak, low dev fee 0.5%

https://github.com/vvaske/Fast-Miner/releases

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5 Most Useful Blockchain Videos: A Beginner’s Guide https://www.miningbios.com/2019/01/24/5-most-useful-blockchain-videos-a-beginners-guide/ https://www.miningbios.com/2019/01/24/5-most-useful-blockchain-videos-a-beginners-guide/#respond Thu, 24 Jan 2019 15:48:45 +0000 https://www.miningbios.com/?p=606 This article by Sarah Pritzker first appeared on Youtubetomp3shark.com. You might be somewhat familiar with the idea of blockchains, or you might have only heard of the phrase in passing (or you might not have any idea what a blockchain is but thought the article title sounded more interesting than the topic currently being discussed […]

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This article by Sarah Pritzker first appeared on Youtubetomp3shark.com.


You might be somewhat familiar with the idea of blockchains, or you might have only heard of the phrase in passing (or you might not have any idea what a blockchain is but thought the article title sounded more interesting than the topic currently being discussed in the meeting your supervisor is making you sit through…). Either way, there are still a lot of questions that you probably have.

 

What is a blockchain?


How does a blockchain actually work?


Are blockchains really as secure as they claim to be?


Can you invest in blockchain itself?


What is the advantage of blockchain?


Maybe you’re getting more involved and want to delve deeper into the exciting and fascinating world of blockchains. In that case, your questions might be more advanced like:

 

What programming language is used for blockchains?


Is blockchain open source?


Is blockchain hackable?

 

Are there other use cases for blockchain beyond bitcoin storage?

 

Will blockchain change the world?


No matter what your string of queries, the best place to find the answers is always the internet. There are thousands and thousands of videos out there explaining the definition, uses, and inner workings of the blockchain.

I know what you’re thinking. Great! Let’s sift through thousands of videos to find the ones that actually make sense, answer your questions, and give over the information you want in an appealing manner. If that doesn’t sound as much fun as a barrel of monkeys (why would a barrel of monkeys be fun anyway?!), then you’re in luck.

Since we know how interested our readers are in the topic, we’ve aggregated the best videos from across the web that talk about blockchains. From the straight-up definition to the more advanced jargon that most of us will never really understand, check out the 5 most useful blockchain videos out there to help you get started down the path of blockchain wisdom.

 

Great Blockchain Video #1: What is blockchain? CNBC Explains by Tom Chitty


And here’s why: It gives you all the important information you want to know, starts from the beginning, and explains the entire concept well


There are a lot of blockchain for beginners videos. You’ll recognize them by the names like, what is a blockchain, blockchain explained, or blockchain for beginners. The truth is, though, that most of these videos take a lot for granted, assume you know more than you actually do about the topic, or don’t really explain the concept in a practical way.

And that’s why this CNBC exclusive done by Tom Chitty is our first recommendation for anyone who is just starting out on the learning journey to blockchain technology. If you can understand the accent and overlook the poor wardrobe choices, then you can actually learn a ton from this explanation video. Chitty goes through the ABCs of blockchains, showing the negatives alongside the positive uses for blockchains. He also shows you exactly how it works, why it is so secure, and what future applications might be possible for this technology.

The CNBC video also takes you through the benefits and possible financial ramifications that are involved in embracing this technology. All in all, Chitty does a great job of explaining a complex topic and gives you a lot of food for thought.

 

Great Blockchain Video #2: New Kids on the Blockchain by Lorne Lantz


And here’s why: Practical ways people are currently putting blockchain to good use and how they will even more so in the future


Aside from the fact that this is a TED talk, which automatically makes it amazing, Lorne Lantz explains exactly how blockchain works quickly and eloquently. He then moves on to break down how blockchain works within the bitcoin universe, something that most people are curious about. Finally, Lantz illustrates how blockchain can be used in other instances. This is not only fascinating, but it is a great way to educate the public about how this brilliant technology can be utilized in the future and within our day-to-day interactions.

 

Great Blockchain Video #3: Understand the blockchain in two minutes by Institute for the Future (IFTF)


And here’s why: It’s fast and easy to watch but surprisingly thorough for a two-minute video


We all want to know more about various topics like cybersecurity, the effect of drug and alcohol combinations, or depression and prevention. But let’s face it, we’re lazy! And what’s more, our attention spans are shorter than Michael Jordan’s laughable attempt at becoming a baseball star. For this reason, I am highlighting this video from IFTF.

The Institute for the Future does snapshots of interesting topics, trending concepts, and technological advancements that they deem worthy of a closer look. This video on blockchain is just two minutes long, but somehow it manages to explain everything you really need for a cursory understanding of the topic (and even a little more). So, if you’re already antsy just from reading this intro, check out the IFTF blockchain video (you can watch it double speed if you’re that strapped for time!).

 

Great Blockchain Video #4: How the blockchain will radically transform the economy by Bettina Warburg


And here’s why: Food for thought on a more advanced technology that is offering a safer and more reliable forum for value exchange


Whether you’re a conspiracy theorist, a budding financial mogul, or just someone who thinks it’s really cool to see entire empires brought to their knees by the unlikely underdog (think David and Goliath or Spartans against the Persians), this is a must watch video. Bettina Warburg explains briefly how throughout history we have used various methods to exchange values within our societies. From protection to fish and coins and now to the more advanced banks and digital currencies, the world has always had its way of trading valuables for desired goods.

In this video (yep, another TED talk), Warburg takes us through the process of how blockchain is the next chain in the evolution of value exchange. She expertly breaks it down, so you can see how this makes sense on a sociological, economic, and technological level. What’s more, she demonstrates how blockchain is the safest, easiest, and most reliable method we have come up with yet.

So basically, Warburg’s video shows viewers how blockchain is like a solid, unbreakable safe, which makes it more trustworthy and evergreen than any other transaction method that came before it. I don’t want to spoil the video for you, so just watch it for yourself.

 

Great Blockchain Video #5: Blockchain: Massively Simplified Richie Etwaru


And here’s why: A fabulous twist


This video starts off seemingly like all other beginner’s guides to blockchain. It talks about the early days of the internet (those dark times of dial-up modems and even earlier ARPAnet packet switching technologies) and quickly fast forwards to show you how kickass technology has become (as if we needed a video to tell us that).

All very interesting stuff, but nothing new. And then Etwaru does something that nobody else we’ve seen so far attempt. He takes blockchain and explains how it can bridge a gap that no other technology has been able to traverse, a gap that is so fundamental to human interactions and our society as a whole that it’s truly a marvel that we’ve gotten this far in history without having a more reliable failsafe for it.

In this video, Etwaru explains that inventions are all about bridging gaps in our society, world, and lives. He then continues on illustrating how blockchain bridges the gap of trust, one of the most core and necessary element of our society, one that holds trillions of dollars on its wobbly shoulders. With his mesmerizing voice, witty personality, and mind-blowing revelation, Etwaru really blows the top off of this simplified concept. And that’s what makes his video on blockchain really stand out.

 

Blockchain Explained, Expanded, and Explored


So, there you have it. Sure, you could sit there for hours and hours watching video after video, sifting through the crap and suffering through the clunky terminology, but why bother? We’ve rounded up the cream of the crop, the best videos out there, the ones that’ll give you the biggest bang for your buck. In fact, if you just watch these five videos, you’ll:

 

  • Know all the basic information about what blockchain is, how it works, and what it’s used for
  • Be able to hold your own in a conversation that is arguing the different sides of blockchain
  • Have some interesting ideas to help stir up controversy when everyone’s talking about this technology at the office water cooler, at your next family barbecue, or this Thursday night at the bar
  • Just generally sound like a smartass because you know more about an interesting topic than almost anyone else in the room

 

Of course, if you are a real newbie to the blockchain concept, then here’s some quick information to warm you up to the subject and to ensure you don’t sound like a complete idiot the next time the subject comes up.

 

  • Blockchain is an online database that can be accessed by anyone and from anywhere in the world (provided you have an internet connection)
  • Blockchain is decentralized, which means its ledger is shared on every computer around the world, so it has no single central location
  • Blockchain can be added to by anyone, but once a record (or block of information) is created, it cannot be tampered with, changed, or deleted
  • Bitcoin is NOT the only use case for blockchain technology. In fact, it’s just the beginning baby! From banking to cybersecurity, crowdfunding, Internet of Things, and healthcare, blockchain has so many real-life applications.

 

Now that you’ve got all this information in your head, knowledge is power. So, get out there and do the best thing anyone can do with a boatload of interesting information; flaunt it in front of your friends.

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First on Internet Official VegaBiosEditor with source code!!! https://www.miningbios.com/2018/12/26/first-on-internet-official-vegabioseditor-with-source-code/ https://www.miningbios.com/2018/12/26/first-on-internet-official-vegabioseditor-with-source-code/#respond Wed, 26 Dec 2018 04:47:10 +0000 https://www.miningbios.com/?p=595 This is First official VegaBiosEditor, also i publish this “VBE” with source code, but this software still in beta version, and need to fix some stuffs. Link to my github: click here —>> VegaBiosEditor If someone understand C# Windows Forms and WPF, also understand hex editing and want to help in this project send me […]

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This is First official VegaBiosEditor, also i publish this “VBE” with source code, but this software still in beta version, and need to fix some stuffs.

Link to my github: click here —>> VegaBiosEditor

If someone understand C# Windows Forms and WPF, also understand hex editing and want to help in this project send me mail @ shomi199870@gmail.com

 

Also if someone interested for partnership send me email.

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