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Dragonchain Great Reddit Scaling Bake-Off Public Proposal

Dragonchain Great Reddit Scaling Bake-Off Public Proposal

Dragonchain Public Proposal TL;DR:

Dragonchain has demonstrated twice Reddit’s entire total daily volume (votes, comments, and posts per Reddit 2019 Year in Review) in a 24-hour demo on an operational network. Every single transaction on Dragonchain is decentralized immediately through 5 levels of Dragon Net, and then secured with combined proof on Bitcoin, Ethereum, Ethereum Classic, and Binance Chain, via Interchain. At the time, in January 2020, the entire cost of the demo was approximately $25K on a single system (transaction fees locked at $0.0001/txn). With current fees (lowest fee $0.0000025/txn), this would cost as little as $625.
Watch Joe walk through the entire proposal and answer questions on YouTube.
This proposal is also available on the Dragonchain blog.

Hello Reddit and Ethereum community!

I’m Joe Roets, Founder & CEO of Dragonchain. When the team and I first heard about The Great Reddit Scaling Bake-Off we were intrigued. We believe we have the solutions Reddit seeks for its community points system and we have them at scale.
For your consideration, we have submitted our proposal below. The team at Dragonchain and I welcome and look forward to your technical questions, philosophical feedback, and fair criticism, to build a scaling solution for Reddit that will empower its users. Because our architecture is unlike other blockchain platforms out there today, we expect to receive many questions while people try to grasp our project. I will answer all questions here in this thread on Reddit, and I've answered some questions in the stream on YouTube.
We have seen good discussions so far in the competition. We hope that Reddit’s scaling solution will emerge from The Great Reddit Scaling Bake-Off and that Reddit will have great success with the implementation.

Executive summary

Dragonchain is a robust open source hybrid blockchain platform that has proven to withstand the passing of time since our inception in 2014. We have continued to evolve to harness the scalability of private nodes, yet take full advantage of the security of public decentralized networks, like Ethereum. We have a live, operational, and fully functional Interchain network integrating Bitcoin, Ethereum, Ethereum Classic, and ~700 independent Dragonchain nodes. Every transaction is secured to Ethereum, Bitcoin, and Ethereum Classic. Transactions are immediately usable on chain, and the first decentralization is seen within 20 seconds on Dragon Net. Security increases further to public networks ETH, BTC, and ETC within 10 minutes to 2 hours. Smart contracts can be written in any executable language, offering full freedom to existing developers. We invite any developer to watch the demo, play with our SDK’s, review open source code, and to help us move forward. Dragonchain specializes in scalable loyalty & rewards solutions and has built a decentralized social network on chain, with very affordable transaction costs. This experience can be combined with the insights Reddit and the Ethereum community have gained in the past couple of months to roll out the solution at a rapid pace.

Response and PoC

In The Great Reddit Scaling Bake-Off post, Reddit has asked for a series of demonstrations, requirements, and other considerations. In this section, we will attempt to answer all of these requests.

Live Demo

A live proof of concept showing hundreds of thousands of transactions
On Jan 7, 2020, Dragonchain hosted a 24-hour live demonstration during which a quarter of a billion (250 million+) transactions executed fully on an operational network. Every single transaction on Dragonchain is decentralized immediately through 5 levels of Dragon Net, and then secured with combined proof on Bitcoin, Ethereum, Ethereum Classic, and Binance Chain, via Interchain. This means that every single transaction is secured by, and traceable to these networks. An attack on this system would require a simultaneous attack on all of the Interchained networks.
24 hours in 4 minutes (YouTube):
24 hours in 4 minutes
The demonstration was of a single business system, and any user is able to scale this further, by running multiple systems simultaneously. Our goals for the event were to demonstrate a consistent capacity greater than that of Visa over an extended time period.
Tooling to reproduce our demo is available here:
https://github.com/dragonchain/spirit-bomb

Source Code

Source code (for on & off-chain components as well tooling used for the PoC). The source code does not have to be shared publicly, but if Reddit decides to use a particular solution it will need to be shared with Reddit at some point.

Scaling

How it works & scales

Architectural Scaling

Dragonchain’s architecture attacks the scalability issue from multiple angles. Dragonchain is a hybrid blockchain platform, wherein every transaction is protected on a business node to the requirements of that business or purpose. A business node may be held completely private or may be exposed or replicated to any level of exposure desired.
Every node has its own blockchain and is independently scalable. Dragonchain established Context Based Verification as its consensus model. Every transaction is immediately usable on a trust basis, and in time is provable to an increasing level of decentralized consensus. A transaction will have a level of decentralization to independently owned and deployed Dragonchain nodes (~700 nodes) within seconds, and full decentralization to BTC and ETH within minutes or hours. Level 5 nodes (Interchain nodes) function to secure all transactions to public or otherwise external chains such as Bitcoin and Ethereum. These nodes scale the system by aggregating multiple blocks into a single Interchain transaction on a cadence. This timing is configurable based upon average fees for each respective chain. For detailed information about Dragonchain’s architecture, and Context Based Verification, please refer to the Dragonchain Architecture Document.

Economic Scaling

An interesting feature of Dragonchain’s network consensus is its economics and scarcity model. Since Dragon Net nodes (L2-L4) are independent staking nodes, deployment to cloud platforms would allow any of these nodes to scale to take on a large percentage of the verification work. This is great for scalability, but not good for the economy, because there is no scarcity, and pricing would develop a downward spiral and result in fewer verification nodes. For this reason, Dragonchain uses TIME as scarcity.
TIME is calculated as the number of Dragons held, multiplied by the number of days held. TIME influences the user’s access to features within the Dragonchain ecosystem. It takes into account both the Dragon balance and length of time each Dragon is held. TIME is staked by users against every verification node and dictates how much of the transaction fees are awarded to each participating node for every block.
TIME also dictates the transaction fee itself for the business node. TIME is staked against a business node to set a deterministic transaction fee level (see transaction fee table below in Cost section). This is very interesting in a discussion about scaling because it guarantees independence for business implementation. No matter how much traffic appears on the entire network, a business is guaranteed to not see an increased transaction fee rate.

Scaled Deployment

Dragonchain uses Docker and Kubernetes to allow the use of best practices traditional system scaling. Dragonchain offers managed nodes with an easy to use web based console interface. The user may also deploy a Dragonchain node within their own datacenter or favorite cloud platform. Users have deployed Dragonchain nodes on-prem on Amazon AWS, Google Cloud, MS Azure, and other hosting platforms around the world. Any executable code, anything you can write, can be written into a smart contract. This flexibility is what allows us to say that developers with no blockchain experience can use any code language to access the benefits of blockchain. Customers have used NodeJS, Python, Java, and even BASH shell script to write smart contracts on Dragonchain.
With Docker containers, we achieve better separation of concerns, faster deployment, higher reliability, and lower response times.
We chose Kubernetes for its self-healing features, ability to run multiple services on one server, and its large and thriving development community. It is resilient, scalable, and automated. OpenFaaS allows us to package smart contracts as Docker images for easy deployment.
Contract deployment time is now bounded only by the size of the Docker image being deployed but remains fast even for reasonably large images. We also take advantage of Docker’s flexibility and its ability to support any language that can run on x86 architecture. Any image, public or private, can be run as a smart contract using Dragonchain.

Flexibility in Scaling

Dragonchain’s architecture considers interoperability and integration as key features. From inception, we had a goal to increase adoption via integration with real business use cases and traditional systems.
We envision the ability for Reddit, in the future, to be able to integrate alternate content storage platforms or other financial services along with the token.
  • LBRY - To allow users to deploy content natively to LBRY
  • MakerDAO to allow users to lend small amounts backed by their Reddit community points.
  • STORJ/SIA to allow decentralized on chain storage of portions of content. These integrations or any other are relatively easy to integrate on Dragonchain with an Interchain implementation.

Cost

Cost estimates (on-chain and off-chain) For the purpose of this proposal, we assume that all transactions are on chain (posts, replies, and votes).
On the Dragonchain network, transaction costs are deterministic/predictable. By staking TIME on the business node (as described above) Reddit can reduce transaction costs to as low as $0.0000025 per transaction.
Dragonchain Fees Table

Getting Started

How to run it
Building on Dragonchain is simple and requires no blockchain experience. Spin up a business node (L1) in our managed environment (AWS), run it in your own cloud environment, or on-prem in your own datacenter. Clear documentation will walk you through the steps of spinning up your first Dragonchain Level 1 Business node.
Getting started is easy...
  1. Download Dragonchain’s dctl
  2. Input three commands into a terminal
  3. Build an image
  4. Run it
More information can be found in our Get started documents.

Architecture
Dragonchain is an open source hybrid platform. Through Dragon Net, each chain combines the power of a public blockchain (like Ethereum) with the privacy of a private blockchain.
Dragonchain organizes its network into five separate levels. A Level 1, or business node, is a totally private blockchain only accessible through the use of public/private keypairs. All business logic, including smart contracts, can be executed on this node directly and added to the chain.
After creating a block, the Level 1 business node broadcasts a version stripped of sensitive private data to Dragon Net. Three Level 2 Validating nodes validate the transaction based on guidelines determined from the business. A Level 3 Diversity node checks that the level 2 nodes are from a diverse array of locations. A Level 4 Notary node, hosted by a KYC partner, then signs the validation record received from the Level 3 node. The transaction hash is ledgered to the Level 5 public chain to take advantage of the hash power of massive public networks.
Dragon Net can be thought of as a “blockchain of blockchains”, where every level is a complete private blockchain. Because an L1 can send to multiple nodes on a single level, proof of existence is distributed among many places in the network. Eventually, proof of existence reaches level 5 and is published on a public network.

API Documentation

APIs (on chain & off)

SDK Source

Nobody’s Perfect

Known issues or tradeoffs
  • Dragonchain is open source and even though the platform is easy enough for developers to code in any language they are comfortable with, we do not have so large a developer community as Ethereum. We would like to see the Ethereum developer community (and any other communities) become familiar with our SDK’s, our solutions, and our platform, to unlock the full potential of our Ethereum Interchain. Long ago we decided to prioritize both Bitcoin and Ethereum Interchains. We envision an ecosystem that encompasses different projects to give developers the ability to take full advantage of all the opportunities blockchain offers to create decentralized solutions not only for Reddit but for all of our current platforms and systems. We believe that together we will take the adoption of blockchain further. We currently have additional Interchain with Ethereum Classic. We look forward to Interchain with other blockchains in the future. We invite all blockchains projects who believe in decentralization and security to Interchain with Dragonchain.
  • While we only have 700 nodes compared to 8,000 Ethereum and 10,000 Bitcoin nodes. We harness those 18,000 nodes to scale to extremely high levels of security. See Dragonchain metrics.
  • Some may consider the centralization of Dragonchain’s business nodes as an issue at first glance, however, the model is by design to protect business data. We do not consider this a drawback as these nodes can make any, none, or all data public. Depending upon the implementation, every subreddit could have control of its own business node, for potential business and enterprise offerings, bringing new alternative revenue streams to Reddit.

Costs and resources

Summary of cost & resource information for both on-chain & off-chain components used in the PoC, as well as cost & resource estimates for further scaling. If your PoC is not on mainnet, make note of any mainnet caveats (such as congestion issues).
Every transaction on the PoC system had a transaction fee of $0.0001 (one-hundredth of a cent USD). At 256MM transactions, the demo cost $25,600. With current operational fees, the same demonstration would cost $640 USD.
For the demonstration, to achieve throughput to mimic a worldwide payments network, we modeled several clients in AWS and 4-5 business nodes to handle the traffic. The business nodes were tuned to handle higher throughput by adjusting memory and machine footprint on AWS. This flexibility is valuable to implementing a system such as envisioned by Reddit. Given that Reddit’s daily traffic (posts, replies, and votes) is less than half that of our demo, we would expect that the entire Reddit system could be handled on 2-5 business nodes using right-sized containers on AWS or similar environments.
Verification was accomplished on the operational Dragon Net network with over 700 independently owned verification nodes running around the world at no cost to the business other than paid transaction fees.

Requirements

Scaling

This PoC should scale to the numbers below with minimal costs (both on & off-chain). There should also be a clear path to supporting hundreds of millions of users.
Over a 5 day period, your scaling PoC should be able to handle:
*100,000 point claims (minting & distributing points) *25,000 subscriptions *75,000 one-off points burning *100,000 transfers
During Dragonchain’s 24 hour demo, the above required numbers were reached within the first few minutes.
Reddit’s total activity is 9000% more than Ethereum’s total transaction level. Even if you do not include votes, it is still 700% more than Ethereum’s current volume. Dragonchain has demonstrated that it can handle 250 million transactions a day, and it’s architecture allows for multiple systems to work at that level simultaneously. In our PoC, we demonstrate double the full capacity of Reddit, and every transaction was proven all the way to Bitcoin and Ethereum.
Reddit Scaling on Ethereum

Decentralization

Solutions should not depend on any single third-party provider. We prefer solutions that do not depend on specific entities such as Reddit or another provider, and solutions with no single point of control or failure in off-chain components but recognize there are numerous trade-offs to consider
Dragonchain’s architecture calls for a hybrid approach. Private business nodes hold the sensitive data while the validation and verification of transactions for the business are decentralized within seconds and secured to public blockchains within 10 minutes to 2 hours. Nodes could potentially be controlled by owners of individual subreddits for more organic decentralization.
  • Billing is currently centralized - there is a path to federation and decentralization of a scaled billing solution.
  • Operational multi-cloud
  • Operational on-premises capabilities
  • Operational deployment to any datacenter
  • Over 700 independent Community Verification Nodes with proof of ownership
  • Operational Interchain (Interoperable to Bitcoin, Ethereum, and Ethereum Classic, open to more)

Usability Scaling solutions should have a simple end user experience.

Users shouldn't have to maintain any extra state/proofs, regularly monitor activity, keep track of extra keys, or sign anything other than their normal transactions
Dragonchain and its customers have demonstrated extraordinary usability as a feature in many applications, where users do not need to know that the system is backed by a live blockchain. Lyceum is one of these examples, where the progress of academy courses is being tracked, and successful completion of courses is rewarded with certificates on chain. Our @Save_The_Tweet bot is popular on Twitter. When used with one of the following hashtags - #please, #blockchain, #ThankYou, or #eternalize the tweet is saved through Eternal to multiple blockchains. A proof report is available for future reference. Other examples in use are DEN, our decentralized social media platform, and our console, where users can track their node rewards, view their TIME, and operate a business node.
Examples:

Transactions complete in a reasonable amount of time (seconds or minutes, not hours or days)
All transactions are immediately usable on chain by the system. A transaction begins the path to decentralization at the conclusion of a 5-second block when it gets distributed across 5 separate community run nodes. Full decentralization occurs within 10 minutes to 2 hours depending on which interchain (Bitcoin, Ethereum, or Ethereum Classic) the transaction hits first. Within approximately 2 hours, the combined hash power of all interchained blockchains secures the transaction.

Free to use for end users (no gas fees, or fixed/minimal fees that Reddit can pay on their behalf)
With transaction pricing as low as $0.0000025 per transaction, it may be considered reasonable for Reddit to cover transaction fees for users.
All of Reddit's Transactions on Blockchain (month)
Community points can be earned by users and distributed directly to their Reddit account in batch (as per Reddit minting plan), and allow users to withdraw rewards to their Ethereum wallet whenever they wish. Withdrawal fees can be paid by either user or Reddit. This model has been operating inside the Dragonchain system since 2018, and many security and financial compliance features can be optionally added. We feel that this capability greatly enhances user experience because it is seamless to a regular user without cryptocurrency experience, yet flexible to a tech savvy user. With regard to currency or token transactions, these would occur on the Reddit network, verified to BTC and ETH. These transactions would incur the $0.0000025 transaction fee. To estimate this fee we use the monthly active Reddit users statista with a 60% adoption rate and an estimated 10 transactions per month average resulting in an approximate $720 cost across the system. Reddit could feasibly incur all associated internal network charges (mining/minting, transfer, burn) as these are very low and controllable fees.
Reddit Internal Token Transaction Fees

Reddit Ethereum Token Transaction Fees
When we consider further the Ethereum fees that might be incurred, we have a few choices for a solution.
  1. Offload all Ethereum transaction fees (user withdrawals) to interested users as they wish to withdraw tokens for external use or sale.
  2. Cover Ethereum transaction fees by aggregating them on a timed schedule. Users would request withdrawal (from Reddit or individual subreddits), and they would be transacted on the Ethereum network every hour (or some other schedule).
  3. In a combination of the above, customers could cover aggregated fees.
  4. Integrate with alternate Ethereum roll up solutions or other proposals to aggregate minting and distribution transactions onto Ethereum.

Bonus Points

Users should be able to view their balances & transactions via a blockchain explorer-style interface
From interfaces for users who have no knowledge of blockchain technology to users who are well versed in blockchain terms such as those present in a typical block explorer, a system powered by Dragonchain has flexibility on how to provide balances and transaction data to users. Transactions can be made viewable in an Eternal Proof Report, which displays raw data along with TIME staking information and traceability all the way to Bitcoin, Ethereum, and every other Interchained network. The report shows fields such as transaction ID, timestamp, block ID, multiple verifications, and Interchain proof. See example here.
Node payouts within the Dragonchain console are listed in chronological order and can be further seen in either Dragons or USD. See example here.
In our social media platform, Dragon Den, users can see, in real-time, their NRG and MTR balances. See example here.
A new influencer app powered by Dragonchain, Raiinmaker, breaks down data into a user friendly interface that shows coin portfolio, redeemed rewards, and social scores per campaign. See example here.

Exiting is fast & simple
Withdrawing funds on Dragonchain’s console requires three clicks, however, withdrawal scenarios with more enhanced security features per Reddit’s discretion are obtainable.

Interoperability Compatibility with third party apps (wallets/contracts/etc) is necessary.
Proven interoperability at scale that surpasses the required specifications. Our entire platform consists of interoperable blockchains connected to each other and traditional systems. APIs are well documented. Third party permissions are possible with a simple smart contract without the end user being aware. No need to learn any specialized proprietary language. Any code base (not subsets) is usable within a Docker container. Interoperable with any blockchain or traditional APIs. We’ve witnessed relatively complex systems built by engineers with no blockchain or cryptocurrency experience. We’ve also demonstrated the creation of smart contracts within minutes built with BASH shell and Node.js. Please see our source code and API documentation.

Scaling solutions should be extensible and allow third parties to build on top of it Open source and extensible
APIs should be well documented and stable

Documentation should be clear and complete
For full documentation, explore our docs, SDK’s, Github repo’s, architecture documents, original Disney documentation, and other links or resources provided in this proposal.

Third-party permissionless integrations should be possible & straightforward Smart contracts are Docker based, can be written in any language, use full language (not subsets), and can therefore be integrated with any system including traditional system APIs. Simple is better. Learning an uncommon or proprietary language should not be necessary.
Advanced knowledge of mathematics, cryptography, or L2 scaling should not be required. Compatibility with common utilities & toolchains is expected.
Dragonchain business nodes and smart contracts leverage Docker to allow the use of literally any language or executable code. No proprietary language is necessary. We’ve witnessed relatively complex systems built by engineers with no blockchain or cryptocurrency experience. We’ve also demonstrated the creation of smart contracts within minutes built with BASH shell and Node.js.

Bonus

Bonus Points: Show us how it works. Do you have an idea for a cool new use case for Community Points? Build it!

TIME

Community points could be awarded to Reddit users based upon TIME too, whereas the longer someone is part of a subreddit, the more community points someone naturally gained, even if not actively commenting or sharing new posts. A daily login could be required for these community points to be credited. This grants awards to readers too and incentivizes readers to create an account on Reddit if they browse the website often. This concept could also be leveraged to provide some level of reputation based upon duration and consistency of contribution to a community subreddit.

Dragon Den

Dragonchain has already built a social media platform that harnesses community involvement. Dragon Den is a decentralized community built on the Dragonchain blockchain platform. Dragon Den is Dragonchain’s answer to fake news, trolling, and censorship. It incentivizes the creation and evaluation of quality content within communities. It could be described as being a shareholder of a subreddit or Reddit in its entirety. The more your subreddit is thriving, the more rewarding it will be. Den is currently in a public beta and in active development, though the real token economy is not live yet. There are different tokens for various purposes. Two tokens are Lair Ownership Rights (LOR) and Lair Ownership Tokens (LOT). LOT is a non-fungible token for ownership of a specific Lair. LOT will only be created and converted from LOR.
Energy (NRG) and Matter (MTR) work jointly. Your MTR determines how much NRG you receive in a 24-hour period. Providing quality content, or evaluating content will earn MTR.

Security. Users have full ownership & control of their points.
All community points awarded based upon any type of activity or gift, are secured and provable to all Interchain networks (currently BTC, ETH, ETC). Users are free to spend and withdraw their points as they please, depending on the features Reddit wants to bring into production.

Balances and transactions cannot be forged, manipulated, or blocked by Reddit or anyone else
Users can withdraw their balance to their ERC20 wallet, directly through Reddit. Reddit can cover the fees on their behalf, or the user covers this with a portion of their balance.

Users should own their points and be able to get on-chain ERC20 tokens without permission from anyone else
Through our console users can withdraw their ERC20 rewards. This can be achieved on Reddit too. Here is a walkthrough of our console, though this does not show the quick withdrawal functionality, a user can withdraw at any time. https://www.youtube.com/watch?v=aNlTMxnfVHw

Points should be recoverable to on-chain ERC20 tokens even if all third-parties involved go offline
If necessary, signed transactions from the Reddit system (e.g. Reddit + Subreddit) can be sent to the Ethereum smart contract for minting.

A public, third-party review attesting to the soundness of the design should be available
To our knowledge, at least two large corporations, including a top 3 accounting firm, have conducted positive reviews. These reviews have never been made public, as Dragonchain did not pay or contract for these studies to be released.

Bonus points
Public, third-party implementation review available or in progress
See above

Compatibility with HSMs & hardware wallets
For the purpose of this proposal, all tokenization would be on the Ethereum network using standard token contracts and as such, would be able to leverage all hardware wallet and Ethereum ecosystem services.

Other Considerations

Minting/distributing tokens is not performed by Reddit directly
This operation can be automated by smart contract on Ethereum. Subreddits can if desired have a role to play.

One off point burning, as well as recurring, non-interactive point burning (for subreddit memberships) should be possible and scalable
This is possible and scalable with interaction between Dragonchain Reddit system and Ethereum token contract(s).

Fully open-source solutions are strongly preferred
Dragonchain is fully open source (see section on Disney release after conclusion).

Conclusion

Whether it is today, or in the future, we would like to work together to bring secure flexibility to the highest standards. It is our hope to be considered by Ethereum, Reddit, and other integrative solutions so we may further discuss the possibilities of implementation. In our public demonstration, 256 million transactions were handled in our operational network on chain in 24 hours, for the low cost of $25K, which if run today would cost $625. Dragonchain’s interoperable foundation provides the atmosphere necessary to implement a frictionless community points system. Thank you for your consideration of our proposal. We look forward to working with the community to make something great!

Disney Releases Blockchain Platform as Open Source

The team at Disney created the Disney Private Blockchain Platform. The system was a hybrid interoperable blockchain platform for ledgering and smart contract development geared toward solving problems with blockchain adoption and usability. All objective evaluation would consider the team’s output a success. We released a list of use cases that we explored in some capacity at Disney, and our input on blockchain standardization as part of our participation in the W3C Blockchain Community Group.
https://lists.w3.org/Archives/Public/public-blockchain/2016May/0052.html

Open Source

In 2016, Roets proposed to release the platform as open source to spread the technology outside of Disney, as others within the W3C group were interested in the solutions that had been created inside of Disney.
Following a long process, step by step, the team met requirements for release. Among the requirements, the team had to:
  • Obtain VP support and approval for the release
  • Verify ownership of the software to be released
  • Verify that no proprietary content would be released
  • Convince the organization that there was a value to the open source community
  • Convince the organization that there was a value to Disney
  • Offer the plan for ongoing maintenance of the project outside of Disney
  • Itemize competing projects
  • Verify no conflict of interest
  • Preferred license
  • Change the project name to not use the name Disney, any Disney character, or any other associated IP - proposed Dragonchain - approved
  • Obtain legal approval
  • Approval from corporate, parks, and other business units
  • Approval from multiple Disney patent groups Copyright holder defined by Disney (Disney Connected and Advanced Technologies)
  • Trademark searches conducted for the selected name Dragonchain
  • Obtain IT security approval
  • Manual review of OSS components conducted
  • OWASP Dependency and Vulnerability Check Conducted
  • Obtain technical (software) approval
  • Offer management, process, and financial plans for the maintenance of the project.
  • Meet list of items to be addressed before release
  • Remove all Disney project references and scripts
  • Create a public distribution list for email communications
  • Remove Roets’ direct and internal contact information
  • Create public Slack channel and move from Disney slack channels
  • Create proper labels for issue tracking
  • Rename internal private Github repository
  • Add informative description to Github page
  • Expand README.md with more specific information
  • Add information beyond current “Blockchains are Magic”
  • Add getting started sections and info on cloning/forking the project
  • Add installation details
  • Add uninstall process
  • Add unit, functional, and integration test information
  • Detail how to contribute and get involved
  • Describe the git workflow that the project will use
  • Move to public, non-Disney git repository (Github or Bitbucket)
  • Obtain Disney Open Source Committee approval for release
On top of meeting the above criteria, as part of the process, the maintainer of the project had to receive the codebase on their own personal email and create accounts for maintenance (e.g. Github) with non-Disney accounts. Given the fact that the project spanned multiple business units, Roets was individually responsible for its ongoing maintenance. Because of this, he proposed in the open source application to create a non-profit organization to hold the IP and maintain the project. This was approved by Disney.
The Disney Open Source Committee approved the application known as OSSRELEASE-10, and the code was released on October 2, 2016. Disney decided to not issue a press release.
Original OSSRELASE-10 document

Dragonchain Foundation

The Dragonchain Foundation was created on January 17, 2017. https://den.social/l/Dragonchain/24130078352e485d96d2125082151cf0/dragonchain-and-disney/
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Monthly Nano News: December 2019 + Year Recap Special

This is what NANO has been up to lately. I don't think I lie if I say it has been quite an amazing year!
See you soon and happy new year! Something nice is coming soon that I have been working on for a while, stay tuned..

December 2019

November 2019

October 2019

September 2019

August 2019

July 2019

June 2019

May 2019

Apr 2019

Mar 2019

Feb 2019

Jan 2019


More news here: https://nanolinks.info/news

https://preview.redd.it/9sw5nkoxlt741.png?width=749&format=png&auto=webp&s=3426d4eafb9430c0304a6d161596102536df4318
submitted by Joohansson to nanocurrency [link] [comments]

Weekly Update: ParJar media blitz, Fiat pegged tipping goes live, Hydro Community Content Initiative, Sentivate Ambassadors... – 15 Nov - 21 Nov'19

Weekly Update: ParJar media blitz, Fiat pegged tipping goes live, Hydro Community Content Initiative, Sentivate Ambassadors... – 15 Nov - 21 Nov'19
Sup folks! This is the final one of the catch up series. Here’s your week at Parachute + partners (15 Nov - 21 Nov'19):

With the latest update in ParJar, you can now tip crypto to your friends pegged to fiat. For example, if you were ever stuck on “How do I send $PAR tokens worth 10 USD to Cap?”, you can now simply type “/tip 10 USD PAR” and boom! ParJar does the rest for you. Awesome isn’t it? Last week we didn’t even notice that ParJar had been featured on a number of crypto publications. Cap found out this week. From Decrypt to TronWeekly to BitcoinExchangeGuide, ParJar made a big splash everywhere. Friggin amazing! PAR4PAR lottery entered stage 7. 350k $PAR up for grabs. Charlotte's Math trivia in TTR was super fun. 10 questions, 2500 $PAR each. Doc Vic (from Cuba) made a group for CoD Mobile players from Parachute. Join in if interested.
No more wondering “How much is 5 USD in $PAR?” when tipping. Yay!
In this week’s creative contest (@captainparachute #fanciness) by Jason, Parachuters had to “draw fancy outfits for captain”. Tons of $PAR given out for making Captain fabulous. Haha. Weekly Parenas are back. This week’s Parena saw Carlos take home a cool 25k $PAR from the 50k $PAR pot by beating Brian in a quick finale. This week’s Two-for-Tuesday’s theme was live in concert bands. An epic Tuesday ensued. In this week's #PFFL update, Hang (9-2) has moved to first place with Clinton following closely at 8-3. Chris, Alexis and Andy are in third position with 7-4. For #wholesomewed this week, Parachuters shared pivotal events from their lives that made them what they are. As a Helium hotspot operator, Cap and Ice travelled to a meetup this week in NYC to explore synergies.
Peace Love’s late entry for last week’s #Parichristmas. Can you identify the face? Haha
Catch up on the latest at aXpire from CEO Gary Markham’s inaugural State of the Market episode. Plus, there’s the Week 46 update video by Joakim as well. This week’s 20k $AXPR burn can be tracked here. Do you work at a Law firm that is looking to improve profitability? Look no further. Bilr is here to help. Have a read of this article to know more. The ERC20-BEP2 swap bridge is now back online. Check out the cool new promo video of the 2gether card. Founder Salvador Casquero will be part of a webinar discussion with Manager Focus on digital currencies on the 28th. Mark your calendars! CEO Ramón Ferraz's full interview with Emprendiendo.TV from South Summit which happened several weeks back was published this week. He also wrote about DeFi (Decentralised Finance) and its impact on the financial sector in a recent CryptoDaily UK article. The story behind the present branding of XIO can be read in this tweet thread. A new gif contest was started just before of the reveal of the first set of nominated startups for the XIO incubator. Hope you had a chance to make a submission. The Birdchain community was invited this week to vote for their favorite entry in the Copywrite Challenge. Voting will be open till the 27th. Plus, a new referral bonus was started. Woot woot! Did you know that you could earn 5% interest for holding $ETHOS on Voyager? Read more about it here. The latest update of the Voyager app was released this week.
Thanks for making this ParJar branded coupon/label, Jose. I can already see so many uses for this
Tron is now live on the Switch-backed McAfeeDex. Its volume on the SwitchDex network can also be tracked from DappRadar. The Dex supports 70 languages as of now and will become as close to a DAO as possible by decentralising decision making from 2020. Mineable featured Fantom $FTM in his list of 7 promising cryptos video. If you are looking to stake $FTM when mainnet goes live, make sure to read this article to understand how it will work. For the latest roundup from Fantomverse, click here. And welcome to the $FTM fam, Samuel! The voting for the #UptrenndOC contest finalists was conducted. BeInCrypto joined Uptrennd this week. $1UP is now listed on P2PB2B exchange. The crew will be covering CoinPoint's Annual VIP Networking Party next year as a media partner. Congratulations to the winners of the ETH Prediction contest for winning 2k $1UP tokens. Sweet! Part I of the Uptrennd Sharing Contest got off to a roaring start. For the latest scoop on District0x, check out the District Weekly. The District Registry article in the education portal has been updated in preparation of its launch. How to win over customers in the Fintech space? Hydro breaks it down for you in this article. The Hydro Community Content Initiative looks at creative inputs from the community to spread the word on Hydro. The project won an international competition called APIficator hosted by Sia Partners at The Met in NYC. APIficator is an open innovation challenge that looks for the best banking and finance APIs from around the world. Woohoo! As Vault prepares for a 2020 launch, here’s a quick product update.
Views from the Hydrogen HQ are to die for
If you want to see Silent Notary’s $SNTR token listed on Halodex, then don’t forget to vote for IDLedgers in the Halodex Listing Contest. Interested to become a Sentivate Ambassador? Get in touch with the crew. There will also be an Advocate Program for busy folks. Following the community's vote from a few weeks back to have more ELI5 content on core web technologies in video format, the team announced that they will be starting a podcast soon from their new office in Pittsburgh. Scott Melker (The Wolf Of All Streets) joined as an advisor to the project this week. Stay tuned to the upcoming AMAs to get in on exclusive updates. One of them will have more details on Artifacts. OST CEO Jason Goldberg wrote in depth about how OST’s tech makes Pepo such a powerful app. Pepo also got covered in detailed articles on Cointelegraph and Blockchain.news. Decrypt also did a brief feature of $OST. A Merkle Tree is a data structure that allows for quick verification in a large amount of data. SelfKey team published an article that explains how Merkle Trees make blockchains efficient. They also put together an eye-opening list of major data breaches in 2019. But what do hackers do with the breached data? Click here to find out. Busy week at Pynk with the crew travelling to Expanse Summit to speak on "Investing with AI" and then to Shift Conference in Croatia (where they made it to the finals) followed by FintechMatters in Vienna (where co-founder Mark Little talked about Crowd Wisdom) and finally to Slush in Helsinki (for biz dev).
Signing up for Pepo is pretty straightforward
Shuffle Monster’s $SHUF token is now a default token on Uniswap. Wibson team attended the Games Changer Summit hosted by Forbes Argentina this week. Head of Research Carlos Sarraute travelled to the University of San Andrés to train attendees on Big Data and talk shop. Read up on the Wibson journey so far from this article. Harmony had proposed a new staking mechanism called Effective Proof-of-Stake (EPoS) back in August. This week, it started to come to fruition with the latest commit. Click here to see what it takes to get it live. Harmony's Java SDK was released as well. Digital marketer Nick Vasilich shared his learnings from working on the development of Harmony DAO from the ground up. To stay upto date with Harmony news in your local language, don’t forget to follow the regional accounts. Welcome to Harmony, Wen! In this week's Harmony Insights episode, we learnt about market making. $ONE was listed on DeFi platform Constant which enables P2P lending. On that occasion, a special deal of lower interest rates for borrowing against $ONE was announced. Click here for pictures from Binance Turkey meetup that Harmony crew visited. Continuing from last week’s Harmony Bytes, the challenges of staking were discussed in the latest episode. As mentioned last week, the team was in Odessa as part of #CryptourUkraine. Next week, Vinnytsia.

And with that, we are 100% updated with the latest week. Yay! See you again with another weekly update. Ciao!
submitted by abhijoysarkar to ParachuteToken [link] [comments]

LIVE Beijing Conference June 22, 2017: English Translation

Me and my partner are going to do English play by play here. Tickets were around 570 each, so if you found this helpful , please donate.
2:10 Checked in. Around 100 guests attending so far. Conference should officially start in 20 mins.
2:30 Conference started. Currently in the Microsoft Beijing Office Lobby. Just introductions so far. The video trailer they played before the conference was quite impressive and in English.
2:32 srikanth Raju is speaking in English. You guys are good for this part. Big point: Microsoft believes in a heterogeneous Blockchain environment for Azure. Mentioned​ Ethereum specifically coexisting with antshares.
2:41 Skipped Jiang Li, Microsoft senior consultant's section for some reason.
2:45 Feng han is talking about the rise of alipay and transactions becoming electronic. Believes that full automation is the next step. Alibaba is still only half automated in their logistics. Huawei is interested in building smart cities, and will need blockchain. Note: they aren't announcing a partnership. Just talking about it.
2:51 Feng han talking about current internet infrastructure not being safe for the futures smart infrastructure. Then talked about a class offered by a genius cryptography professor, wangxiaoyun at tsinghua. Made a joke about 300x returns since ICO.
2:57 Hongfei Da. Talking about bitcoin and history of crypto. Now talking about founding of Antshares. Discussing dBFT and consensus briefly. Now talking about ICO. State of AntShares: 432 nodes, 1058300 blocks, main env running for 150 days. 352 stars on GitHub. LOL talking about this subreddit specifically now. Coinmarketcap ranking.
All assets will be digitized. Two categories: 1. Proof of existence is on the blockchain. 2. Off chain physical assets like IDs, bikeshare locks, intellectual property.
Spirit of blockchain isn't decentralization. It is transparency and fairness via publicly agreed upon rules and data.
Mantra: digital asset + digital ID + smart contract = smart economy.
REBRANDING: NEO smart economy. Green logo
Neo contracts with C#, Java/kotlin, python, go
NeoX is like an interledger protocol
NeoQ is quantum safe encryption
NeoFS is a new database layer
Emphasized ecosystem partnership with bancor agrello matchpool
Missed some points because too fast. Will go back later.
3:28 innospace CEO talking. Selected AntShares to join a pool of 10 companies out of 800 applicants. Best companies get 100x growth. Talked about Neo contracts active dev community and emphasized fintrch fundamental paper.
3:35 Alex norta from agrello. English speaking. Introducing the agrello platform currently. Announced new white paper finished today and ICO occurring now.
3:43 Adam from Coindash. Marketing Coindash as a onestop crypto portfolio that enables social trading and facilitates ICOs. Gives test runs for ICOs and let's you gauge interest. Announcing foray into China with close partnership with NEST partnership.
3:59 they made a reference to the matrix where they all pushed buttons and the screen said, WAKE UP NEO
4:00 break for 30 mins
4:31 restarting. CTO of AntShares speaking. Explaining smart contracts. Telling a story about Coke vending machine software executing a smart contract, except it ate his money because of a malicious party blocking the coin entry. Blockchain is necessary to allow smart contracts to be executed fairly.
Neo is different from Eth and fabric because it has static contract calls, deterministic blockchain network calls, and uses oracle's instead of internet API calls. Example, different nodes will have different Google search results based off of IP location.
NeoVM vs EthVM vs Docker Dyanmic sharding for NeoVM makes parallel processing scale better than EVM which has static sharding. Variables in NeoVM are determined beforehand and then the sharding is done before computation as opposed to EVM which divides work inflexibly.
EVM has high coupling (bad). NVM has low coupling like docker. Execution of contracts depends too much on the nodes and blockchain. This point wasn't too clear. Coupling seems to be a concept that people don't talk about often. Sounds like he was saying that you need to run eth smart contracts on a test blockchain environment while NeoVM allows you to test and run code independent of blockchain.
Microsoft offers IDE plugins and compilers to help people develop on the Neo platform.
Digital certificate issuance and asset digitization are supported in Neo but not inherently in Eth.
Storage layer for contracts is built into Neo. You can give authorization for others to read or write your contract storage space. Also, if your contract has a bug, you can take the data and migrate it to a patched contract. Lastly, allows rental of storage space for contracts. No support for any of the three points above in EVM.
Giving example of locking an account for a period of time. Showing decentralized domains. Sounds a lot like Eth name service.
5:21 bijie tech CEO. Talking about Binance ICO. Introducing the Binance team. Binance is a coin to coin centralized exchange. Made a joke about not wanting to ICO but did it after seeing everyone elses valuations.
5:35 fangzhou charity entrepreneur. Became a multimillionaire after getting some ANS.
Money is freedom. Now wants to give charity loans to kids that need an operation but parents don't have the money. Because of new Chinese laws only 113 out of 500 NGOs can receive donation money. Therefore the market for charity is undersupplied by organizations that can use the money.
5:46 xiaobai medical founder
No fixed location, employees or resources. Wants to make a medical system where people record their illnesses and compare outcomes with other patients to determine what is the best treatment. Can also match patients with doctors. Sounds like a combo of ZocDoc and patientory.
5:55 nest smart fund founder
Problems of most funds are lack of liquidity, inability to participate in the invested company, and high management cost.
DAO on ethereum was hacked, but NEST wants to do what DAO does but more safely and more transparently. They choose C# ( made a joke about being at Microsoft and using C#).
Going to make a nest coin that is redeemable for some of the coins that the project backs.
.................................
Questions:
what's going to happen to ANS?
AntShares will retire and get redistributed as NEO in the new wallet software. You don't have to do anything. No reissue so investors don't get screwed. Exchanges will get contacted automatically.
How many devs do you have now?
2 full time devs. They are going to offer NEO bounties on code and hire more.
New exchange announcement?
Binance
.................................
DONE
.,..............................
ETH donation address: 0x92CBE3Ae9ECB30Fa52BE536d55616571380c43b5
LTC donation address: LZXsdjZJJBWpAx7VQmQ4turVrvgBJwguru
ANS donation address: ARA25KDeQMbcR7nAAjTbbnf3pkW98etD2U
submitted by miaharles to Antshares [link] [comments]

Weekly Update: Welcome HYDRO to ParJar, Parachute newsletter signup, MatchBX Gigs, Wysker Series and Continuous Wyskering... - 22 Mar - 28 Mar'19

Weekly Update: Welcome HYDRO to ParJar, Parachute newsletter signup, MatchBX Gigs, Wysker Series and Continuous Wyskering... - 22 Mar - 28 Mar'19
Good day everyone! Here’s another update for the whirlwind week we had at Parachute and Parachute/ParJar partners. IRL work keeps me from churning these out on time. Working on catching up quickly to try to post future weekly updates faster:

A cool new community started to interact with ParJar this week. HYDRO was added to ParJar and ParJar added to the Hydro group. Fantom did a shoutout and CoinPedia also tweeted about ParJar. Thank you guys! Which makes me think, if this shoutout of the shoutout to our original shoutout is shoutouted by Fantom again, would it be a shoutoutception? Hmm. Also, we had our quirkiest game in ParJar yet. Parachuters had to use this site to find the most bizarre item. Best ones would win some cool PAR. Haha! The top picks were from Patri cko, Cryptovan and Clinton.
New Wonders of the World circa 2019
There’s a new email signup link for folks new to Parachute. If you’re not receiving Cap’s emails, you can sign up there. Close to USD 600 has already been raised for the Charity Parena. Woot! To get in, make a small donation (min USD 5 or crypto equivalent directly and let Jason know or tip Clinton through ParJar) and get a chance to win a 1-of-a-kind shirt from the Parachute Shop! Plus, kiddie gear is now available in the Parachute Shop. All profits from the shop go to charity. Games Master Jason turned 34 this week. Belated Happy Birthday to ya Florida Man! We had uber fun with an accidental Cap discovery this week. Add your favorite number at the end of the following link to jump to any chat in the group. For example the following link takes you to the first ever message in Parachute. Awesome!
Three Good Bois are counting on you to sign up for the Parachute newsletter
The 2gether card was launched on 27th March for use across the Eurozone. The presale event is now listed on ICObench. Make sure to check out the BCT ANN. Admins on their TG are rewarding members with 2GB who make thoughtful posts there. 2gether has an opening for a Java Software Engineer. Have a look at their job listing and apply if you have what it takes! Spanish speakers are in for a treat this week: Cointelegraph discussed about the company in a write-up, founder Salvador’s article on the zero marginal cost concept was featured in a UNIR publication and CEO Ramon’s interview during a Madrid Stock Exchange visit also came out. The 2GT token will be issued as a Virtual Financial Asset (VFA) in Malta. Read more about it here.
2gether is the only one with a regulated token
Still figuring out how to deploy your trading algo to your Binance account? Here’s a detailed look on how to set up your API keys and deploying a strategy to live markets on Binance using the Cryzen Code Studio. Also, belated birthday wishes to Shuvro. Hope you had a great one! Folks who haven’t subscribed to the Cryzen YouTube yet, subscribe now. They now have a custom handle. Community member Jonny did a little Cryzen shoutout towards the end of his detailed Crypto Asset Prediction Series. This week’s Saturday Rock Wars at PurpleCoin was for the best guitarist of all time. Jimi Hendrix won the public vote by a whopping margin. BOMB token is looking for ambassadors who can bring “liquidity, awareness, and education to the project”. Learn more about it here. Checked out Wysker Series yet? These are listicles of bundled relevant content aimed at user growth. Design geeks will find it fascinating. Plus, the app will see a new feature soon called Continuous Wyskering. Jonathan says: “After finishing one story, users will no longer have to go back to the home screen to discover new stories. Instead, the next story in line can be accessed with a simple swipe.” Neat! And finally, Birdchain has partnered with Blocklads to bring educational content to the app's learn tab. Look out for new content in that section!
Shuvro’s ETC bot showing decent gainz
Gigs are now live on MatchBX. Freelancers can create listings for their services directly and job posters can directly hire freelancers from there. Win win! If you’re not sure of what MatchBX is, read up on it here. Plus, the weekly AXPR burn went on as scheduled. Bounty0x crossed 500k+ monthly page views this week with a ~30% return visitor rate. If you’ve participated in a Cures Token bounty on Bounty0x, this article is super relevant. Also, KABN partnered with Bounty0x this week for running promotional bounties for their token offering. The ETHOS token is now listed on the ChangeNOW exchange. Much has been said about the Voyager-ETHOS deal so far. Shingo explains in this article why the partnership will be “setting new standards of transparency”. District0x’s weekly update covers a range of topics including Brady’s interview with A Garden of Crypto on all things District0x.
AXPR tokenomics
Altcoin Buzz featured Opacity this week and talked about their current development roadmap which includes the 1.0 site launch (which was also this week). Check out opacity.io for a look and feel of what’s in store for May. Badcredit wrote about Horizon State with a detailed piece. The Minister’s Recreational Fishing Advisory Council was announced this week as well. “The voting process has been transparent and historic - for the first time in South Australian Government history, Blockchain technology was used for the voting process." Big up to Horizon State for becoming a part of history! And finally, they closed off the week with a bang by getting listed on CoinExchange.io. John McAfee talks about Switch around the 11 minute mark in this interview with Satoshi Sean. Blockport was the centrepiece of this Coinvision article that explains the ins and outs of both the exchange as well as the BPT/BPS tokens. The Blockport STO is set for April 15th with more details in this post. If you’re interested and live in the EU or the US, the whitelist procedure is explained here. And finally, onto some Fantom news. Coinspeaker elaborates what the myriad partnerships mean for Fantom in this article. Like last week, Fantom capped off this week too with another exchange listing – ChainX. Boom!

Thank you for taking the time. See you soon with another weekly update. Cheerio!
submitted by abhijoysarkar to ParachuteToken [link] [comments]

Groestlcoin September 2019 Development Release/Update!

For a more interactive view of changes, click here
In our current world; bordering on financial chaos, with tariff wars, Brexit and hyperinflation rife, you can count on Groestlcoin to consistently produce innovation that strikes to take the power away from the few and into the many, even after a full five and a half years of solid development.
Here is what the team has already announced in the last 3 months since the last development update:

What's Being Released Today?

Groestl Nodes

What am I?

Groestl Nodes aims to map out and compare the status of the Groestlcoin mainnet and testnet networks. Even though these networks share the same protocol, there is currently no way to directly compare these coins in a single location. These statistics are essential to evaluate the relative health of both networks.

Features

Source - Website

Groestlcoin Transaction Tool

What am I?

This is a tool for creating unsigned raw Groestlcoin transactions and also to verify existing transactions by entering in the transaction hex and converting this to a human-readable format to verify that a transaction is correct before it is signed.

Features

SourceDownload

Groestlcoin AGCore

What am I?

AGCore is an Android app designed to make it easier to run a Groestlcoin Core node on always-on Android appliances such as set-top boxes, Android TVs and repurposed tablets/phones. If you are a non-technical user of Groestlcoin and want an Android app that makes it easy to run a Groestlcoin Core node by acting as a wrapper, then AG Core is the right choice for you.

What's Changed?

Source - Download

Groestlcoin Electrum

What's Changed?

Android Electrum-Specific

OSXWindowsWindows StandaloneWindows PortableLinux - Android
Server SourceServer Installer SourceClient SourceIcon SourceLocale Source

Android Wallet – Including Android Wallet Testnet

What am I?

Android Wallet is a BIP-0032 compatible hierarchial deterministic Groestlcoin Wallet, allowing you to send and receive Groestlcoin via QR codes and URI links.

V7.11.1 Changes

Groestlcoin Java Library SourceSource - DownloadTestnet Download

Groestlwallet

What am I?

Groestlwallet is designed to protect you from malware, browser security holes, even physical theft. With AES hardware encryption, app sandboxing, keychain and code signatures, groestlwallet represents a significant security advance over web and desktop wallets, and other mobile platforms.
Simplicity is groestlwallet's core design principle. Because groestlwallet is "deterministic", your balance and entire transaction history can be restored from just your recovery phrase.

iOS 0.7.3 Changes

Android v89 Changes

iOS SourceAndroid Source - Android DownloadiOS Download

Groestlcoinomi Released

What am I?

Groestlcoinomi is a lightweight thin-client Groestlcoin wallet based on a client-server protocol.

Groestlcoinomi v1.1 Desktop Changes

Groestlcoinomi Android v1.6 Changes

Groestlcoin Java Library SourceAndroid Source
Android DownloadWindows DownloadMac OS DownloadLinux Download

Groestlcoin BIP39 Tool

What's Changed?

Source - Download
submitted by Yokomoko_Saleen to groestlcoin [link] [comments]

All About Zcoin

All About Zcoin

https://preview.redd.it/hixbz9f3lxm31.jpg?width=1200&format=pjpg&auto=webp&s=43896de84a3693d840c84057c0314af71718f0a3
What is Zcoin?
Zcoin, also referred to as XZC or Zerocoin, is an open source decentralized cryptocurrency that provides privacy and anonymity for its users when making transactions.
To achieve its privacy and anonymity, Zcoin uses zero-knowledge proofs via the Zerocoin protocol, which is at this moment in time one of the most cited cryptography papers.
According to Wikipedia, in cryptography, a zero-knowledge proof or zero-knowledge protocol is a method in which one party proves to another party (the verifier) that a given statement is actually true.
In other words, in a transaction with Bitcoin or Ethereum or something similar, your transaction history is always linked to your coins by default, leaving you vulnerable. All it takes is one link to your personal information or IP to find out the origin of the coins.
However, when you trade with Zcoin’s Zercoin feature, your transaction history is not linked to the actual coins. Only the receiver and sender know that the funds have actually been exchanged.

How Does Zcoin Work?

Zcoin works on the Zerocoin protocol by enforcing Zero-knowledge proofs. Here are the components of Zcoin to explain how it works.
Mint: When sending a private transaction with Zcoin, all you need to do is select the number of coins you want to mint. Post that your normal Zcoin balance would reduce automatically and you will be credited with new coins and no transaction history. In essence, your old coins are burned cryptographically, which prevents anyone else from using them again and being directed to your transaction history. You get credited with new coins with no history, while the total supply is maintained.
For now, you can only mint in denominations of 1, 10, 25, 50 and 100. If you choose ‘100’ coins to be minted, for instance, you will instantly be credited with 100 new Zcoins with no history attached to them.
  • Spend: When you want to make a private transaction, you will be required to use these ‘100’ newly minted coins. From this pool of funds, you can now send any amount in any denomination to anyone anonymously because no history is attached to it.
  • Repeat: You can ‘mint’ and ‘send’ Zcoins any number of times at anytime with your privacy intact.

Zcoin’s Vision

Zcoin seeks to improve things that Bitcoin hasn’t been able to so far, some of which include fungibility, privacy and miner’s centralization.
Users of Zcoin can enjoy full fungibility and privacy along with demolishing miner’s centralization by implementing a better proof of work algorithm called MTP.
Total Zcoin supply
Only 21 million units of Zcoin will ever be produced. Currently, there are about 3.4 million units in circulation, with the rest yet to be mined.
But the total supply has increased by 388450 XZC units after a Zcoin code bug, which the team refused to roll back due to economic reasons, which is why the total supply stands at approximately 21.4 million.
Every 10 minutes, a Zcoin block is mined and 50 coins are generated, making 72,000 Zcoins per day.
Market cap of Zcoin
According to CoinMarketCap, the total circulating supply of Zcoin is 5,757,841 XZC and the current unit price is $9.6. That makes the market cap approximately $55 million*.*
https://preview.redd.it/qw2igvupoxm31.png?width=1080&format=png&auto=webp&s=cfaa195d5d75ba8f20e5894d0351b2eabf76825a

How To Buy Zcoin Cryptocurrency

If you are looking to get some Zcoin, here is a list of resources where it can be bought from.
  • Atomars – Supported pairs are XZC/BTC, XZC/ETH, XZC/USDT
  • Binance - Supported pairs are XZC/BTC, XZC/ETH, XZC/BNB
  • Huobi - Supported pairs are XZC/BTC, XZC/ETH
  • Bittrex - Supported pairs are XZC/BTC
  • Cryptopia - Supported pairs are XZC/BTC, XZC/LTC, XZC/DOGE
  • CoinExchange - Supported pairs are XZC/BTC
  • LiteBit.eu - Supported pairs are XZC/EUR
Note: At the moment, buying XZC in fiat currencies such as USD, EUR, or GBP is quite difficult.
https://preview.redd.it/rrwao97woxm31.png?width=1460&format=png&auto=webp&s=442bf152f86a63300c5c4a029bb07369a69e6f70
Zcash:
Zcash is a decentralized and open-source peer-to-peer cryptocurrency that provides strong privacy protections. It was created as a fork of Bitcoin and, like bitcoin, it also has a hard limit of 21 million coins. Unlike bitcoin, however, Zcash offers total privacy for its users maintaining the absolute anonymity behind each transaction along with the parties and the amounts involved in it.
PIVX:
PIVX, which stands for Private Instant Verified Transaction, is an open-source, decentralized form of digital online money that uses blockchain technology. This makes it easy to transfer all around the world in an instant with low transaction fees with market leading security & privacy. PIVX focuses on privacy, security, anonymity, and instant transactions.
Monero:
Monero is a fast, private, secure and untraceable digital currency system that uses a special kind of cryptography to keep all its transactions 100% unlinkable and untraceable. With Monero, you are your own bank. You can spend safely, knowing that others cannot see your balances or track your activity.
Some Zcoin misconceptions
There are some misconceptions regarding Zcoin:
  • Some believe that, since Zcoin has a trusted setup that allows indefinite minting of coins, it is not safe. This is untrue. Of course, to start with they had to use a trusted setup because they have an auditable total coin supply that prevents any form of cheating. This downside however, is being taken care of by removing this trusted setup in the near future and when that happens, Zcoin will be one of the serious coins to count on for privacy.
  • Zcoin has been considered as Zcash’s fork but that is also not true because Zcash is based on the Zerocash protocol whereas Zcoin was started from scratch by applying Zerocoin tech.
Now that some of the Zcoin’s misconceptions have been cleared, here’s a look into its future.

Zcoin’s Future & Roadmap

Zcoin’s future is quite promising and worth watching based on these interesting milestones on their roadmap:
  • Zcoin is the first coin to implement MTP proof of work, which makes it possible for general masses to mine Zcoin with GPUs and CPUs. MTP doesn’t allow costly ASIC-like miners to mine XZC coins.
  • Zcoin is also implementing Znodes to make their cryptocurrency more decentralized and anonymous. These Znodes will be like masternodes and facilitate anonymous transactions as making an anonymous transaction single-handedly is quite computational.
  • Znodes will be incentivized by reducing some portion of the founder’s reward. Also, the surplus funds that get generated from the founder’s reward reduction would be used for hiring new developers and increased marketing efforts.
  • Another agenda on their roadmap is to bring inbuilt Tor or some IP obfuscation mechanism that will make it completely anonymous.
  • Apart from these, some innovative and exciting things like sigma protocol, decentralized anonymous voting and Zcoin Labs are on their roadmap, making this project worth checking out.
  • Last but not least, its recent price is a good indicator of its healthy market sentiment and shows that there are people who understand this project’s worth. Just to put things into perspective – a unit of Zcoin was priced $2 in March 2017 and now it is $37*.*

Zcoin Team & Progress

Zerocoin is a cryptocurrency proposed by professor Matthew D. Green, a professor of Johns Hopkins University, and graduate students Ian Miers and Christina Garman. It was proposed as an extension to the Bitcoin protocol that would add true cryptographic anonymity to Bitcoin transactions.
Zerocoin was first implemented into a fully functional cryptocurrency and released to the public by Poramin Insom, the lead developer, as Zcoin in September 2016.
Some of the notable dev members of the team are listed below.
Poramin Insom
Founder and Core Developer
Poramin Insom created what was the world's 4th most valuable cryptocurrency in February 2014. He is also the world's first person to implement stealth addresses in QT-Wallets, improving cryptocurrency anonymity. He earned a master’s degree in Information Security from Johns Hopkins University, where he wrote a paper on a proposed practical implementation of the Zerocoin protocol.
Alexander N.
Developer
Alexander N. aka Aizensou is a full-stack developer who has experience in many programming languages (C++, C#, Python, Perl, Java etc.) and has been involved in the cryptocurrency space since 2013. He has a broad development portfolio from low level APIs in Python and C++ to Android native applications in Java. In addition to his involvement in cryptocurrencies, Alexander was doing his P.h.D. in machine learning at a German university from 2012 to 2016.
Saran Siriphantnon
Developer
Saran Siriphantnon is the CTO of Satang.co/Satoshift, a fintech company focusing on creating an open financial system for Southeast Asia. He served as President of the Computer System Administrator Group at King Mongkut's Institute of Technology Ladkrabang.
Tadhg Riordan
Solidity Developer
Tadhg Riordan is a 24 year old Software Developer from Wexford, Ireland. He recently completed his MSc from Trinity College Dublin, where he worked with Blockchain privacy mechanisms, focusing particularly on Zero-Knowledge Proofs and the Ethereum platform. He is a strong advocate for the adoption of cryptocurrency and for complete financial privacy.
Apart from these, their team comprises of other developers, community managers, support personnel and advisors who maintain the required balance.

Advisors:

Aram Jivanyan (Cryptography Advisor): Co-Founder at Skycryptor & KMSchai
Torphop Korgtadam (It Security Consultant): Senior Vice President, Head Of Internal Audit Strategy, Innovation and Decision Science at United Overseas Bank Limited
Alexander N. aka Aizensou (Advisor)

Unique/Key Features Against Its Competitors:

  • Anonymous transactions. The project establishes a notably higher level of anonymity and seeks to bypass current analysis techniques which governments use to reveal the identity of users.
  • Not subject to transaction graph analysis. Zcoin has an anonymity set that encompasses all minted coins in a particular RSA accumulator that can scale to many thousands.
  • Innovative process. Tokens are burned cryptographically and replaced with new coins without a transaction history. This actively prevents anyone else from using the tokens again and stops the public from being directed to a user's transaction history.
  • Transparency focused. Zcoin's main advantage is its auditable money supply.
submitted by atomarsofficial to Atomars [link] [comments]

Neblio: Ahead of Roadmap and a Blockbuster Breakout in 2018

Neblio is a Proof of Stake (PoS) Blockchain as a Service (BaaS) platform designed and developed to provide enterprise solutions, which uses the Neblio token, NEBL. The Neblio blockchain is a fork of Novacoin, an older coin with origins in 2013, using the Script algorithm. The Neblio team is focused on simplicity within business adoption, starting with RESTful API integration. The Neblio APIs can be used to build applications, or integrated with existing ones, that interact with the Nebio blockchain by storing and accessing transactions and information.
Focus on Simplicity
The Nebio team's focus on simplicity is evident in their development to date. Neblio's Docker setup can be completed in less than one minute, and the Neblio Raspberry Pi wallet can be installed using a single command. Neblio offers an optional bootstrap of their blockchain, called QuickSync, which greatly reduces the time required to setup nodes. Every 24 hours, a compressed snapshot of the Neblio blockchain is uploaded to the team's Github, which is as secure as downloading the entire blockchain via network peers. In the event that blocks were modified by a bad actor, new blocks would be rejected and wouldn't be added onto the chain, resulting in no impact to Neblio's network security. QuickSync can greatly reduce the amount of time required to set up multiple Neblio nodes, as the blockchain would only be required to be downloaded once, rather than once per node. A Bootstrapped wallet setup is an established technology previously used, most notably, with Bitcoin.
Accelerated Roadmap Development
The Neblio roadmap is lofty, desiring to be a blockchain for "worldwide opportunities" and "bring blockchain to the mainstream". Their wide scope is tempered by a narrow focus -- on simplicity. The team is executing quickly, with little hype, and is AHEAD of their roadmap. They have completed multiple wallets, including Windows/MacOS/Linux staking core wallets,and the non-staking Electrum wallets. Coupled with Docker, and the low-energy Raspberry Pi staking wallet, Neblio offers a wide variety of wallet support for their blockchain. Recently, the Neblio team has announced the first API call on the Neblio blockchain, which was expected to occur in 1Q2018. Despite being early in the API development phase, the team once again demonstrated an aggressive attack on the roadmap, establishing confidence that they'll meet, and again succeed, their projected milestone date. Neblio will develop their open-source APIs in multiple languages, including Python, Go, JavaScript, Ruby, .NET, Java, and Node.js. One thing that is most impressive regarding the Neblio roadmap was the team's humble approach to improvement. Multiple instances in their roadmap reference iterative customer feedback and customer-driven design requirements. Additionally, Neblio makes mention in their roadmap of targeting small businesses, and not just Fortune 500 companies, which opens up a huge market that is often glossed over in cryptocurrency news articles. A market where, according to the US Government, small businesses make up 99.7% of United States employers, and almost half of private-sector output. The cryptocurrency market for platforms will not be limited to a single platform, as Ethereum, Lisk, Nem, NEO, EOS, Ardor, or Stratis will not meet the needs of every company looking for blockchain solutions. Marketing to potential clients will begin in 2Q2018, which will help to drive initial Neblio adoption. Execution will drive the long-term success in this space -- and the token price.
The Team
The Neblio team has experience with software development, with the co-founder and lead developer, Eddy Smith working for a Fortune 500 before his current role. The other founder, Ann has notable relevant experience in the space. In the ICO, the team opted not to set aside tokens for the team or future development, and purchased their own tokens to use instead, a decision that showed their dedication to the success of the project. All unsold tokens were burned. Additionally, the Neblio network was fully operational prior to the token sale date. NEBL tokens were immediately deposited to an address, at which point tokens could immediately be exchanged and staked. The Neblio team is growing, currently at four members, including a marketing advisor and developer. They are in a hiring process -- where they have been clear that they prize quality over quantity. The team is approachable, and are involved daily with the Neblio Slack.
Technical Discriminators
The Neblio network offers 10% yearly staking rewards. This is very good, especially considering traditional investments. The high reward locks up assets, encourages holding, and decreases token velocity which influences the long-term, realized, value of tokens. The 10% staking is a true technical and economic discriminator for the blockchain.
Neblio's scalable transactional throughput is ~20-35 Tx/sec, which is superior to Ethereum and Bitcoin.
And lastly, the narrow focus of completing the RESTful APIs allows the team to capitalize on doing a single thing well, reducing the risk (including development costs), while allowing for future expansion of their blockchain, like to sidechains or other developing technologies.
Token Mechanics
Neblio has a very low circulating and total supply, 12.6M and 13.3M, respectively. A large number of the tokenholders stake their tokens on the network, which further reduces liquidity and can result in high volatility and significant price fluctuations. However, this does add a significant upside to the existing price. For example, if Neblio had the market cap of Ardor, a token outside of the top 25, each Neblio token would be $70. It's been clear in the past year that platforms demand a premium, where most of the top tokens by marketcap are platforms, including Ethereum, Lisk, Nem, NEO, EOS, and Stratis. The highest volume of Neblio can be found on the Cryptopa exchange, with other markets found on Kucoin, HitBTC, and OEX. Neblio did very strongly in a Binance voting, and despite strong rumors, hasn't been listed there yet.
Neblio is set apart by their narrow focus to create a working product with simplicity as a design consideration from the beginning. Their small token supply and 10% staking rewards create a strong incentive for tokens to be accumulated, which can generate economic benefits for existing token holders. Neblio has multiple catalysts in 2018, which if successful, will propel this blockchain into the public eye.
Disclosure: I am/we are long NEBL, STRAT.
I wrote this post myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any coin/platform that is mentioned in this post.
submitted by XCBatman to CryptoCurrency [link] [comments]

My reasoning for investing heavily in High-Performance Blockchain (HPB)

As a crypto trader, I confess to joining the world of crypto-currency trading late on. Having heard about Bitcoin many years ago, but deciding not to invest in the opportunity due to not understanding the concept. After all, why anyone would deem a virtual currency as valuable?
I myself, like many others now invested in various crypto currencies, missed an opportunity to make incredible amounts of money.
Back in early 2017 my interest in the world of crypto-currency was re-ignited, having heard about a young entrepreneur who goes by the name of Vitalik Buterin, and of his steely determination to develop Blockchain technology in the form of Ethereum.
I spent a few months sat on the fence. It was only around June of 2017 I finally decided to take the plunge, and invested in some Eth, which I still hold to this day. It was only as I began studying Blockchain technology, dapps, ICO’s and all of the other elements of cryptocurrency, I began to realise there were also a lot of emerging start-ups who are absolutely determined to take Blockchain to the next level.
I began researching into NEO, labelled by some as the “Ethereum of China” – A label that is unfair when you actually delve further into the tech and understand its potential. There are many arguments to suggest that NEO technology is superior to Ethereum, but there are also strong arguments as to why (from an investment perspective) it makes far more sense to invest in Ethereum. I will not entertain the “Ethereum vs. NEO” discussions, as this often descends into “fanboy” my-crypto-is-better-than-your-crypto arguments. In my personal opinion, both technologies can quite happily co-exist, and both will be front-runners in this space, but that is just my opinion.
There are plenty of reddits and websites with tons of information on both Ethereum and NEO, so it is pointless to spend time going over the same information. Do your own research if you do not understand them! Besides, the fact that you’ve searched for HPB means that hopefully you have already done some background research. The point of this post is to discuss High-Performance Blockchain, which has the ERC-20 token HPB I only discovered this coin on the 11th January (5 days ago at the time of writing this), and I would firstly like to give thanks to another redditor (doogie88) for sharing the information on HPB that laid the groundwork for me to explore this fantastic opportunity further.
To read more about the introduction to HPB, please read here: HPB breakdown
Ok so hopefully at this stage you have a basic idea of what HPB is and what the company are trying to do. For anyone too lazy to read it all, here are the salient point in bullets:
• Blockchain technology currently suffers from bottlenecks. These are latency and throughput. Latency is the amount of time you have to wait until a transaction is processed. Throughput is the number of transactions that can be processed in a particular amount of time.
• In theory, if all the peers of Ethereum were to use 10 Gig NIC cards with 16 core processors, they would be able to achieve a transaction rate of around 1,000 TPS (transactions per second). Currently, it handles 15. As Ethereum scales this will not be acceptable, hence the reason for the development of scaling solutions.
• Transactional delays cost people money! If the delay is more than even a few seconds it may be unable to meet user needs, thus seriously reducing the competitiveness of the application. These delays greatly of course affect the general user experience.
• HPB aims to address Blockchain bottlenecks by creating an architecture similar to an API operating system.
• The software architecture element of HPB will provide accounts, identity and authorization management, policy management, databases, and asynchronous communication on thousands of CPUs, FPGAs or clustered program schedulers.
• HPB is a completely new architecture that will be capable of supporting 1,000,000+ TPS and will support authorizations within seconds.
• To achieve this, HPB will harness parallel processing and leveraging specialist TCP/IP offload engine (TOE) Hardware chips
• HPB’s hardware acceleration engine will be able to maintain a large number of conversations with a huge number of nodes, and it will not have to wait until a complete block is released.
• HPB is expected to produce a new block every 3 seconds. At any point, only one producer is authorized to produce blocks. If a block production fails at any time, then crucially that block is skipped.
• It’s estimated that in just 1.5 seconds, a transaction will be identified and confirmed on 99.9% of the blockchain.
• The application SDK will support Java, JavaScript, .NET, Ruby, Python and other lesser-known SDK languages. • Interoperability capabilities with both the Ethereum Virtual Machine (EVM) and the NEO Virtual machine (NEOVM) • Investors backing the project include NEO, TimeStamp Capital (8btc), Bixin, Transwiser and Jixianyuan
• HPB founder Wang Xiao Ming is the author of multiple books, and has been involved in Blockchain technology for many years. Wang Xiao Ming tech blog
• HPB Beta1 is to be launched in Q1 2018
• HPB Beta3 is to be launched in Q3 2018
• HPB full release in 2019
• Partnership announced with CPChain
So why do I think it is such a good investment opportunity? Well apart from the actual project details that sound incredible, there is also the fact that this has almost zero marketing to the western world. Most of the links and images below I found whilst trawling through Chinese websites and they are quite difficult to find with just a standard google search! It’s also currently only listed on two relatively small and unknown exchanges such as Bibox
Even though this exchange is small and relatively new, the trading volume on HPB is already ramping up! As of today, the market cap is tiny and has huge potential for growth, especially if the rumours of being added to Kucoin and Binance actually happen.
I’m extremely excited about this one!
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If you feel inclined to donate some ether or tokens, my wallet is: 0xd7FAbB675D9401931CefE9E633Ef525BfBa7a139
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Some other useful Links below:
HPB Whitepaper
HPB News
TOE github
CPChain partnership website
. Videos - Sorry they are in Chinese and I don't speak Chinese
HPB presentation @ blockchain Summit 2017 -In Chinese
Video interview of Wang Xiaoming - In Chinese
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Various images related to HPB, the TOE NIC card and the founder Wing XiaoMing
Close-up of HPB TOE NIC Board
HBP card running
Wang Xiao Ming Proudly Displaying HPB TOE NIC Board
Wang Xiao Ming presentation at Lujiazui Blockchain event
Wang Xiao Ming presenting at the BTAS2017 summit
Wang Xiao Ming Blockchain presentation
Jason Hu presentation at University of Science & Tech in China
HPB Hardware development design review
HPB – New offices
HPB – New office at Christmas
more images - 1
more images - 2
more images - 3
more images - 4
more images - 5
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My wallet address, if you found this useful and would like to donate is: 0xd7FAbB675D9401931CefE9E633Ef525BfBa7a139
submitted by jpowell79 to u/jpowell79 [link] [comments]

Hydro AMA Q&A Roundup with BitcoinMarkets (Slack), 15 June 2018

I've taken the liberty of rounding up all the questions and answers provided from Hydro's most recent AMA hosted with BitcoinMarkets incase you missed it. Enjoy!
Hydro Q&A’s
Q (knonsu): How does Snowflake relate to other identity protocols out there like Civic and uPort ?
A.1 (Anurag): We see snowflake as existing a layer below these types of projects. Even without blockchain, identity is a broad term. Different people around the world have different forms of identity (state ID, country ID, social media IDs, etc). Civic, uPort, and other blockchain projects help to build specific types of an on-chain identity for a user; however those IDs are meaningful in different ways to different observers. For instance, imagine that a government or business builds a system that accepts Civic as a form of identity while another government/business only recognizes uPort identities. On top of this, certain systems only care about information tied to a user’s social media profile. A user can maintain one standard Snowflake as a base layer and set each of these different forms of identity as a resolver. Snowflake eliminates the need for global unanimous adoption of a singular identity standard and rather allows systems to build business logic off of identity standards they themselves recognize.
Follow up Q (knonsu): thats cool. so its totally depends on the person/ institute utilizing it . One problem I found is how easy its to create fake identities (in their basic system).
A.2 (Anurag): Yup! So people can conduct off-chain verifications to prove that you own a snowflake, and then tie an on-chain verification to your Snowflake. This links real-world KYC to your on-chain ID, so sure you could mint another snowflake, but that same party won't validate it again for you. Anyone who trusts that party would be able to accept their validations, and people who don't trust that party can rely on a different validator they do trust.

Q (kat): How big is the team working specifically on Hydro products? Can we get a numbers breakdown of engineers, biz dev, etc? Do you have plans to scale this team as the Hydro project develops?
A.1 (Andy): Our Hydro team is 8 people.
Devlopers (Myself and Noah)
Product (Anurag and Shane)
Community (Nahom)
Founders (Mike and Matt)
Partnerships/BizDev (Gunjan)
The nice thing about Hydrogen though is we have a team of 30 people who we can leverage for different things. For example, Noah and I do not build mobile apps, but we have a front end team that is well versed in mobile app development. So while they are not directly on the Hydro team they do have a direct impact on Hydro.
Hydrogen as a company is working to grow pretty rapidly. As we grow we will be filling out more positions in both blockchain and non-blockchain rolls.
A.2 (Anurag): To add to Andy's answer - pretty much everyone working for Hydrogen helps out with Hydro in some way, whether via design, front-end development, API support, business discussion, etc.
Here's our full team: https://www.hydrogenplatform.com/about

Q (rocket man): So in the age of ICOs, what motivated your team to not pursue that funding model and instead have a token distribution for developers?
A (Andy): This was something that we spent a very long time considering and discussing. We spent a lot of resources (time, money & energy) trying to find the best solution for us going forward. When it was all said and done, we decided on an airdrop because of two main things, getting the token into the hands of people who will actually use it and regulatory concerns.
We feel as though our distribution was the fairest approach that allowed for people with actual interest in the Hydro community to get involved. Overall, we have been very pleased with the level of community engagement from people who are interested in the utility of the Hydro token and we feel that a lot of this can be credited to our distribution strategy.

Q (matheussiq8): How hydro tokens will be used is still vague in the Snowflake whitepaper draft. Would the amount required to hold depend on the volume of API calls or some other parameter? For example, if I decide to implement raindrop and later snowflake in my small webshop would I need to hold the same amount of tokens as Binance (if they ever implement it of course…)?
A (Noah): as always, the permissionlessness of public blockchains is a double-edged sword. smart contracts partially solve the problem by letting us enforce certain things on-chain (minimum token balances, signature validity, etc.), but there are limits. so, re. your specific question: in raindrop we do not vary the staking requirement across users, because that would necessarily involve value judgements we are not comfortable making as a centralized entity. however, there are two types of staking required for raindrop:
  1. “institutional staking” requires entities who wish to sign up raindrop users *on their behalf* (i.e. passing new users’ addresses to the smart contract as parameters rather than new users transacting directly from their accounts) to stake a significant amount of hydro. these are the players we want to ensure are acting in the best interests of the community. in this model, hydro is simply one of many institutional stakers (where we sign up users on our kickass mobile app, which will be out soon).
  2. “user staking” requires individuals who wish to sign up for raindrop on their own, i.e. transact directly with the smart contract, are able to do so by staking a much smaller amount of hydro.
What this all means for you, as a potential customer of our API, is that you don’t actually have to worry about the staking requirement or signing up users at all, and can simply use our API in conjunction with the Hydro app.
Looking ahead to Snowflake, we have big plans to integrate increasing sophisticated uses of the token into the product. to some extent these are still up in the air, but rest assured that we are very focused on building a strong tokenomics structure. At a high level, the core token mechanism for snowflake will involve depositing tokens into the snowflake smart contract. These deposits will allow native staking/payment/incentive functionality denominated in hydro, without the hassle and worry of using ether with every call.

Q (Hodlall): When is raindrop Android app is releasing
A (Andy): It is currently under development. We have a bunch of android phones with different OS on the way. It is hard to give a set date as we don't know what unforeseen issues could come up during the process though. All I can say is it is literally all that our mobile development team is working on

Q (Jeff_We_Cannafi): To piggyback on matheussiq8’s question, how do these identity tokens compare to existing forms of identity authentication, and do you anticipate the tokens themselves will be traded on exchanges?
A (Andy): In my opinion, the main difference between what we are working towards and others like civic and uport is the scope of what we are aiming to do. We understand the value of having KYC on the blockchain and "One click signup", but really I think blockchain identity can be so much more than that. We are aiming to create a completely extendable and modular protocol which will allow for people to link anything they desire to their blockchain identity. Other protocols can tend to lean towards centralization (more a fault of current KYC procedures than the projects themselves) and we feel like this doesn't have to be the case. At least for now, something like KYC needs to have central authorities to verify user information, but why can't I also link my crypto kitties to my blockchain id or my linkedin profile to my blockchain id?
Overall, what we are trying to build will easily allow for other blockchain developers to create robust identity solutions for whatever application they feel fit with Snowflake being at the core of that. We feel that this is crucial to eventually creating a completely open and decentralized identity system. Anyone can join and anyone can add what THEY consider to be an identity, but I only have to accept what I consider to be an identity.
As far as trading, Snowflake Identity tokens will never be tradable. We feel that you identity should always be linked to you. This would be a dangerous road to a very easy black market for people's identities

Q (Jrock): What do you find the hardest part of pitching icos to regular companies?
Also what do you think needs to happen for widespread crypto adoption?
A (Shane): If you mean pitching Hydro to regular companies (we're not an ICO :stuck_out_tongue:), I would say the hardest part is getting the larger companies to move faster than a snail's pace. There are too many chefs in the kitchen and sometimes there is a lack of top-down strategy on blockchain, and it leaves large enterprises paralyzed sometimes. We try to resolve this by pitching how easy Hydro is to use, and how it connects to our broader Hydrogen ecosystem which can add value in a lot of places.
In my opinion, widespread crypto adoption is going to be dependent on how parallelization plays out. If crypto's only option is to create a new parallel economy, widespread adoption is going to be slow and arduous and will take decades. However, if blockchain is able to be infused or layered on some of the current systems we have in place, the adoption will be much faster and broader. Ultimately this comes down to the usage of private vs public chains - the more private and centralized chains that get implemented, the farther the mainstream adoption will get pushed out.

Q (Luke): One aspect of Hydro that is beginning to really intrigue me are the potential use cases and dapps that can be built by external developers ontop of the Hydro protocol layers for each phase.
  1. Having held various dev meetups and networking at various conferences, how are you finding the process of attracting developers to start building dapps and products in your ecosystem?
  2. I understand the HCDP is getting updated with various new rules and bounties for dapps to be built, have you approached any developers yet with this new offer, and if so, how has the reception been?
  3. How else do you intend to attract developers towards building on the Hydro protocols?
A (Anurag):
  1. Through our events, we're mainly focused on helping expand the blockchain-focused developer community. We help give exposure to projects we find to be doing neat, innovative work in the space and keep ongoing dialogue with these communities.
  2. In particular, to provide impetus to developers in the Hydro ecosystem, we've established the HCDP. The new process will involve putting out specific task requests. In the next week or so we'll have published specifications for dApps that can be built on top of Snowflake. We ourselves will not be building these dApps (they have nothing to do with Hydrogen's space as a company). This helps the ecosystem expand outside of Hydrogen-specific use-cases.
  3. ^^Through the above process to get them started. Eventually, we want the Hydro development process to be community-driven, so people are building on Hydro because it benefits their own programs and applications.

Q (elmer_FUD): Hey Hydro Team! Here's a few question I've got for you after checking out the Raindrop and Snowflake whitepapers:
How has your experience working in the Ethereum ecosystem been so far?
While you are currently focused on the financial sector, would you consider actively marketing to other sectors such as healthcare and education in the future?
It seems like both Raindrop and Snowflake would be useful in any environment that processes or stores sensitive data.
Do you have plans to release official Raindrop SDK packages in other languages in the future?
A bit more of a specific question: Raindrop is looks like a great product to use in a PCI-DSS environment - do you have thoughts on whether or not it the product is ready for primetime and do you think the industry standards and government regulation is prepared to handle these kinds of systems?
A (Andy): Thanks for the questions! I'm gonna answer each in a separate response in this thread
Overall it has been pretty solid. There is still a ton of room for growth in terms of documentation and stuff like that, but it is miles ahead of basically every other blockchain platform I have worked with. By far the biggest pain has been handling gas costs when considering the user experience. When trying to build actual products that people will want to use we feel that making it user friendly is something that many blockchain projects have not focused on nearly enough.
Yeah certainly. We focus on fintech as that is where the rest of our companies APIs focus and that is where we have the most connections, but much of what we are building is much further reaching than that. Just as far as authentication goes, it really can apply to any major field and we intend to market it as such.
We currently have Python and JS SDKs and have had a few java ones submitted through our community dev program. We have been revamping that program, but I anticipate we will be putting up more bounties for most major languages. I have considered making a few more myself, but we feel that they could be better suited as community projects.
I completely agree. Raindrop and blockchain authentication when handling anything around payments is a great application. I think the biggest thing is actually convincing regulatory bodies that the protocols we have build are secure (since many can still be scared of blockchain). I definitely see this as a direct use case though

Q.1 (khonsu): What kind of banking relations do you have as a company, do they (banks) understand what you are trying to do ? Any VCs approached you for funding ? explain your business model.
A.1 (Shane): Hydrogen has existed since 2009 in the form of Hedgeable. Hedgeable is a consumer-facing online investing app, and the tech behind it eventually spawned the Hydrogen tech platform. The story of how the transition happened goes essentially like this: (1) Hedgeable was disrupting banks & investing firms, (2) banks & investing firms started contacting us and seeing if we would help them digitize & automate their own businesses, (3) we started packaging up our tech and selling it to the banks. There was so much demand for this from financial institutions that we spun out a new company (Hydrogen).
So to get back to your original question: we have some long-standing relationships in the banking & finance world, and to this day we have inbound leads from that space coming in every week. The key thing to keep in mind is that these institutions move extremely slowly, but they do understand the core value prop of our platform. Many of these firms are still in the midst of basic digitization efforts (i.e. moving from really slow offline processes to simple digital infrastructure), and that is the primary thing we are helping them with in early stages. But they are also keen on blockchain tech and they will naturally turn to us for that once they reach that point. We do have a few relationships with big financial companies in which Hydro/blockchain are already part of the discussion.
We have revenue and don't need to rely on VCs. It is our general philosophy that building a business sustainably with actual clients and revenue is a good approach, but we would consider working with the right VC if that came to be and we wanted to scale more quickly. Right now, that is not an immediate concern for us.
Our business model is in charging developers and enterprises to access the Hydrogen technology platform, which currently consists of products like Atom, Ion, and Hydro. Developers pay a per-user fee to hit our core APIs, while large enterprises negotiate custom (usually multi-year) contracts with us that typically include recurring revenue. Hydro, specifically, is being offered for free right now, as we attempt to gain adoption. But it is important to note that Hydro is just one piece of our ecosystem.
Q.2 (Joleen): When you say fee - is this fee HYDRO? And when do you envisage HYDRO to no longer be offered FOC?
A**.2 (Shane):** Sorry if it wasn't clear, I meant free to use our Hydro tech/APIs. The usage of HYDRO tokens within that is a separate issue - they still need to have HYDRO and we do not give it away for free to clients

Q (guacam0le): Adoption of an identity management solution (etc) would potentially involve a lot of identities. Further, scalability is a hot topic w/ blockchain. Is this a potential bottleneck? What is or might be done to address such?
Tackling a competitor like Google or Authy's 2FA is no small feat. Also, not everyone is yet to embrace blockchain-based solutions. Have you found it difficult to interface with enterprises & get them excited about the idea of an overhaul?
A (Anurag): nowflake is designed to be relatively low-load on the blockchain. A user needs to conduct a single transaction to “mint” their Snowflake. Once this is complete, they would need to complete one-time transactions to set each of their different forms of identities as resolvers as needed. A Snowflake is designed to be built out via resolvers over the duration of a user’s lifetime, so there’s never a need for heavy, frequent transactional capability. Similarly, smart contracts simply need to be set as resolvers by users; they do not themselves transact. Network scalability improvements will increase the range of use-cases for smart contracts that can be tied to Snowflake, but they aren’t a necessary prerequisite to some important early use-cases such as KYC platforms, and a few basic user-interaction platforms.
As far as competition, we feel that current adoption of 2FA is, in general far short of where it should be, and any 2FA is generally better than none. Many businesses use text-message based 2FA, etc. In the short-run we are aiming toward pilot implementations with small businesses. To further this, we have put out many integration resources, guides, and documentation and accordingly believe implementation of Raindrop is a more straightforward workflow. As far as large enterprises go, Hydrogen has clients, so it is helpful for our project to have those connections. Large institutions are generally relatively slow-moving, but have expressed interest in using Raindrop, in particular for securing employee accounts. As the product grows, we may eventually move in this direction with Client Raindrop, but resources will always be available for any site that wants to adopt it. Additionally, we are looking into making a wordpress plug-in to make implementation much more accessible for many developers.
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Q (Smithymethods): I know Hydro is a fintech company, hydro plan to curb phishing and hacking to the bearest minimum we know that hacking is very rampant these days on MEW and with other wallet. Is Hydro planning to create a wallet that support hydro and other tokens using their raindrop Technology?
As this will put an end to the problem of phishing and also promote hydro
A (Noah): like everyone in the crypto space, we’re very worried about phishing, both personally and on behalf of all hydro token holders. we first want to reemphasize that preventing scams and fraud has to be a community-driven effort: teams and users need to be vigilant and promote best practices (never trusting links in public chats, shunning fake accounts, etc.). we are excited about raindrop’s potential to help combat phishing, though. we actually talked with someone about mycrypto about integrating raindrop into their desktop app. we’ve forked their code and are researching how feasible an implementation would be, stay tuned for updates!

Q (Hodlall): What security measures in place for hydro , I see lot of tokens being hacked nowadays , and money is stolen.. how does hydro make sure their team tokens are completely secured or as much as possible
A (Andy): We all have been in crypto for a while and are pretty well versed in securing our stuff. Our tokens that are currently locked are in cold storage. Others are held in hardware wallets

Q (Joleen): We know that the Hydrogen platform is going to be used by CI Investments, a large insurance firm and a world top 20 bank, have these companies already begun purchasing Hydro OTC?
A (Andy): This is something that we feel is best to be hands off with. It is really up to the discretion of our partners

Q (khonsu’s mumaffi): Ill be honest i have not yet fully read the whitepaper but id like to know other than investor growth do you truly believe there is interest in a model where users have to pay each time for access? How big do u expect this fee to be...for large companies dont you believe this is an unscalable practice? This may be a question more about most technologies built on token based economics too.
A (Andy): So we have 2 different authentication protocols. One happens less often and is in the same vein as OAuth. This is called Server-Side Raindrop. This requires tokens to be sent. This protocol would only happen once per day for a business when accessing something like an API. I don't feel that these values are extremely high for increased security.
Our second protocol, Client-Side Raindrop, functions much more like google auth. This logic actually does not require any tokens or even a transaction by the end user. It is 100% free for them to use and they will never have to pay for a transaction. Here the responsibility is on the implementing party to stake tokens. This allows them to onboard users and authenticate them.
We felt it was crucial to have an authentication that did not have a cost per user login as it is not scalable

Q (khonsu’s mumaffi): Also do u plan to tokenise atom and ion too and if not covered earlier how big of an impact do the market conditions have on your business
A (Anurag): Tough to say we're going to "tokenize" them since that word can carry a lot of different meanings in different contexts, but we do plan on integrating the entire Hydrogen platform with Hydro. This will most likely take the form of enhancements to systems leveraging Hydro. You can find a more detailed breakdown on our Hydro roadmap: https://medium.com/hydrogen-api/project-hydro-features-in-depth-look-39faa29f0d61
Market conditions don't really have an impact - we're still building the same tech on a day-to-day basis

Q (ghost): As a company in the space, do you see the fact that tokens have to be acquired on exchanges as an issue? How would a company that wants to develop with you acquire tokens?
A (Anurag): Depends on what they're developing. dApps developing using Hydro smart contracts to create native functionality to their applications would need to acquire those tokens on their own; however, companies using the Hydrogen API will not. Here's a detailed article outlining when a developer would need the token for the Client Raindrop smart contract: https://medium.com/hydrogen-api/how-to-use-client-raindrop-without-using-the-hydrogen-api-bb04934ae293

Q (jarederaj): Can you describe your stakeholders and give me a better sense of the exigency of your products? Who are you focused on serving with your platform and why are they motivated to use your platform?
A (Shane): The Hydrogen platform serves developers and enterprises who want to build applications. We are specifically targeting the financial services sector, including banks, investing firms, insurance providers, and financial advisors. This includes large enterprises, individual developers, and startups.
Our products are Atom (core digital infrastructure & engine for finserv), Ion (AutoML & business intelligence capabilities), and Hydro (blockchain & decentralization layer). Each has a different use case but these products combine to form an ecosystem of tools for developers to build sophisticated applications with.
The main pain point we are addressing is the resources required to build, launch, and run a digital financial application. These resources include both time and money.
Large enterprises have resources, but they waste years and millions of dollars trying to launch digital platforms (we've seen this first-hand), often unsuccessfully. The motivation here is obvious. Startups and smaller developers, on the other hand, do not have access to huge resource pools, so they are forced to look for solutions that make the process more efficient.
In the same way that Wordpress makes launching a blog easy and also allows for extended functionality, Hydrogen makes launching fintech application easy.

Q (shujjishah): When the app will be released???
A (Anurag): We're going through our mobile development very iteratively. Since we work very closely with the product, there are things we can't recognize until we've got people beta testing the app. As we started Beta testing and conducting user-research, we realized that one aspect of the UI for the app was not intuitive to about half of our testers. We decided to make a few API changes to enable the mobile app to display a "linked" vs "unlinked" status in order to improve the user experience. Our front-end team is finalizing these changes, so our Beta testers will receive a new build in their testflight apps within the next few days. This new build will require another round of Beta testing to ensure that none of the code changes causes any problems on devices; if this change goes smoothly, and our mainnet testing goes smoothly, we will be able to release the app this month.
Since there isn't much precedent on releasing a product into the app store that connects users with the ethereum mainnet, our primary concern is making sure the product works fully as intended and provides an intuitive user experience.
Misc Q&A’s
Q (elmer_FUD): What's your favorite thing to drink?
A.1 (Andy): Overall, I really love Baja Blast Mountain Dew. If I am drinking, I'm a big fan of fruity beers like Blue Moon and Shocktop. Also had a really good raspberry sour recently
A.2 (Nahom): Primary=water but i do enjoy Jamaican ginger ale/beer. We keep honest tea in the office too, i love it because it brings me back from the dead:skull_and_crossbones:, @Hydro Andy drinks most of it behind my back though :triumph:
A.3 (Noah): hard: tequila or picklebacks
soft: any sour beer
other: mango juice
i also crush like 2 nalgene’s worth of water every day at work
A.4 (Shane): For hard alcohol: whiskey/bourbon
A.5 (Anurag): ooh, went to the finback brewery last weekend; was wonderful

Q (Joleen): Do you HODL any other tokens personally?
A.1 (Andy): I do. I think it is probably best to not say which, but if you follow me enough in #altcoins I am sure you will see me talk about a few
A.2 (Noah): im a bit of an eth maximalist actually :grimacing: i do dabble though

Q (Joleen): Who got who in the World Cup sweepstakes?
A.1 (Andy): I'm going for Germany, but I know next to nothing about soccer
A.2 (Shane): I'm rooting for Portugal, but I don't think they're going to win the cup

Q (Joleen): Who's got the best banter in the office? And who has the worst?
A.1 (Andy): One of our backend devs, Paavan, typically has some great banter
and even better hot takes
A.2 (Noah): dont @ me for worst banter
A.3 (Shane): Sabih (BA @ Hydrogen) banter is by far the best
submitted by ljb1187 to ProjectHydro [link] [comments]

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