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Monthly Update: Parachute Social Liquidity Pools, Ivan(OnTech) Joins as Advisor, Townhall, Trending on CoinGecko, Covered by EllioTrades Crypto + Altcoin Buzz, …– 31 Jul – 3 Sept'20

Monthly Update: Parachute Social Liquidity Pools, Ivan(OnTech) Joins as Advisor, Townhall, Trending on CoinGecko, Covered by EllioTrades Crypto + Altcoin Buzz, …– 31 Jul – 3 Sept'20
Hola folks! Yesterday we got caught up with everything that happened in July 2020 at Parachute and ParJar. Today, I will be sharing news from August. Looking back at those five weeks, they were easily one of the most action-packed ones in the Parachuteverse ever. If you missed my note about the new format from yesterday: “…I thought it would be best to club all the Parachute news into monthly reports and publish them back-to-back over the next few days to catch up with the latest…For a change, we will be focusing on Parachute + ParJar news alone in these monthly reports. Because if we include news from our partner project in these, we might as well publish the Encyclopaedia Britannica”. In case you thought yesterday’s was a long read, boy are you in for a shock today. Make sure to get yourself a beverage and set aside an hour to go through all that will follow. So here’s goes the Parachute scrolls dating 31-Jul-20 to 3-Sept-20 –
31 Jul – 6 Aug'20:
$PAR became one of the top trending coins on CoinGecko this week. The token also received a perfect score on DEXTools. Pretty sweet! We crossed 2500 members in the Parachute channel after quite a while. But no sign of Ron yet. Haha. BrainiacChess Network ($CHESS) was added to ParJar. We got a surprise listing on Hotbit ourselves with an ETH and BTC pairing. $PAR was listed on CoinW exchange this week too. More details here. Looks like wrapping up a day at Parachute usually ends with steaks. If you ever thought otherwise, a look at the $PAR contract should dispel that doubt. A community vote was opened up to list the next token on ParJar. Congratulations to Chirag for winning this week’s Parena and taking home 6k+ $PAR. Neat! Everybody knows about the bitcoin pizza. But did you know about the bitcoin burger? Read all about AlBundy185's crazy BTC journey here. What a wild ride indeed!
AlBundy185’s BTC ride has to be a stuff of legends
Pic of Gian with Diamond Dallas Page taken from his epic WCW Thunder story (https://t.me/parachutetokengroup/395125). Spooky sent us!
Gian announced a temporary stoppage of Two-for-Tuesday to make way for the second annual Big Brother contest. Soon after, he opened up entries for the contest. Woot! Fans can also get updates and spoilers from the GC’s BB group. Gamer Boy hosted a “Random Gk” trivia in TTR this week. Naj hosted a Sunday “Mega Trivia”. Afful held a “General knowledge” trivia as well. Sebastian shared the new ParJar Gaming schedule for August. Yes, you read that right. 75k $PAR in the monthly prize pool. Woot! For this week's Friday creative prompt (#nottodaycovid) by Jason, Parachuters talked "about what you are doing to keep yourself sane during the pandemic" for some cool $PAR.
Alejandro’s betta fish collection is a sight for sore eyes
Elmar, these are all amazing!
Model ships made by Bada during the lockdown. Awesome!
Ivan (from Ivan on Tech) joined the Parachute channel this week. Looks like next few weeks are going to be super exciting! Doc Vic hosted a flash game in the Parachute War Zone for some cool $PAR prizes. Mario had an interesting idea. Change the ParJar display name to “ParJar Wallet” to actually reflect the true nature of ParJar. And voila! “ParJar” is now “ParJar Wallet”. Instant feedback implementation! We also finally got an unofficial price chatter group running. As we mentioned in the last update, Clinton released a limited edition shirt in the Parachute Store this week to commemorate the Liquidity Program on Uniswap. Some of the Parena merch had to be sunsetted from the store though. So if you grabbed some before that, you are now the proud owner of rare Parena merchandise. James from the Parachute Athletics and Running Club announced a Secret Challenge for 400 $PAR. Cap shared a sneak peek into what’s brewing behind the scenes. He also posted some experimental visuals for the website and for ParJar:
Cap’s creative spurts are super trippy! Pt. I
Trippy creatives from Cap Pt. II
7 Aug – 13 Aug'20:
ParJar did some heavy lifting on behalf of Uniswap this week when Uniswap got clogged but ParJar swaps were running smoothly. If you haven’t seen how swaps work yet, CF made another cool video tutorial. Following last week’s community vote, Enjin ($ENJ) won a spot to become the next swappable token on ParJar. DMM DAO’s $DMG token was listed on ParJar as well. Inputs from the community were taken for listing the next DeFi token on ParJar. A new tier was added for the Parachute Uniswap Liquidity Rewards Program this week. Last week’s incredible Parachute run on CoinGecko was noticed by many including DAO Maker and Blockfyre. We got word that Parachute was featured in Ivan’s (Ivan on Tech) private report meant for his closed group of subscribers. Word on the street is that Parachute was reviewed in detail in the Hidden Gems section of the report and received the highest score among all the projects covered there. Super cool! He also talked about Parachute in his latest video. Watch out for timestamps 42:23 and 47:48. And followed it up with another mention in next day’s video as well. Pretty cool! $PAR also saw some crazy movements and activity. And all this started while Cap was chilling on an Amtrack on his way to Vermont. Haha.
Cap shared this amazing view from Vermont
Check out the Sentivate gear in the Parachute shop. For this week's creative prompt (#donkeyart), Jason had Parachuters "find an image of a piece of art that particularly moved" them and explain how and why. Darren’s Mega Friday Trivia in Tiproom had a sweet 6300 $PAR prize pot. Peace Love (Yanni) hosted another quiz in TTR with some more cool $PAR prizes. Clinton’s charity For Living Independence (FLI) became Lumenthropy’s spotlight charity this week which means they will be matching all $XLM donations to FLI. Lumenthropy is Stellar’s charitable arm. The entries to Gian's Big Brother Contest closed this week with Gian starting to share updates on episodes and $PAR rewards to weekly winners. If you want to catch all the action, head over to the BB Group set up by GC. And the most amazing thing happened this week – As new folks were joining into the Parachute group, someone named Ender Wiggin chimed into the chatter and as we talked we figured that he was not only Cap's neighbour in NYC but was also my school senior. Parachute truly brings the world together! PARs & Recreation wants to create a Parachute foodies group. And if his posts are anything to go by (figs, blueberries, Ikura), it’s going to be a hunger-inducing channel. Doc Vic (from Cuba) announced the start of a team Deathmatch tournament in the Parachute War Zone.
Congratulations, Clinton!
Looks like an epic ParJar video is underway. Parachute was also covered extensively by EllioTrades Crypto this week. YouTuber CM TopDog too made an awesome video on Parachute where he talked at length about the project, the roadmap, the token and more. Saweet! After seeing Albundy185 struggle with pooling on Uniswap, Cap and Ice had a light bulb moment for an entirely new feature on ParJar that would make pooling social and fun. More details to be released over the next few weeks.
Jose’s epic new gif puts Cap’s lightbulb moment about social pools into perspective :D
Looks like Alexis’ neighbour is into Uniswap pools as well. Get it, get it? Haha
Congratulations on the new store, Hang! Folks who don't know, Hang is building a hempire. World domination next
14 Aug – 20 Aug'20:
As mentioned last week, Cap and crew had something cool brewing for folks who pool assets on Uniswap. Presenting Social Liquidity Pools (SLP) by Parachute. No more pooling/staking alone in silos. Get together with others doing what you love most – pool assets on Uniswap (either directly or through ParJar - upcoming), then stake the received liquidity tokens into SLPs on ParJar to get additional rewards and social bonuses like entry into VIP or premium token curated groups. Making Uniswap social! Click here to read about what’s next for ParJar and Parachute. The first Uniswap $PAR Liquidity Pool Rewards Program came to a close. All qualified poolers will receive their rewards in 2 months. DeFi superstar yearn.finance ($YFI) was added to ParJar this week for both sends/tips and swaps. Woohoo! Waifu in the house. After last week’s community inputs regarding the next new token on ParJar, a public vote was started. Uptrennd founder Jeff Kirdeikis’ latest project, TrustSwap ($SWAP), got listed on ParJar after winning that vote which got a shoutout from Ivan as well. So now we have a tongue twister on our hands. Haha. Cap also shared the first hints about $PAR governance. More details to be posted next week. Plus, Cap announced that he will be hosting a townhall next week. Stay tuned! Get your questionnaire ready. Like last week, Parachute chatter popped up in Ivan’s latest video this week as well.
Dang! What an amazing place, Victor
For all the mobile gamers out there, Tony set up a Parachute Corporation for the EVE Echoes game. Hit him up if you want to join. Naj hosted a Sunday TTR trivia with a 6300 $PAR prize pot. Gamer Boy held one as well. Darren’s Mega Trivia in Tiproom was super fun as always. Jason did an impromptu token giveaway so that fellow collectors could complete their ParJar collection followed by a mini contest to "guess the closest to the number of miles I am about to run" for some cool $PAR. Chris hosted this week’s creative Friday prompt (#adminfunday): “Using the profile image of any Parachute admin as inspiration, draw what you think that admin would like to do on the weekend”. And what an amazing video Hans (Pad of DeFi Chad). Haha! Super hilarious and fun.
Some of the radest #adminfunday entries. Clockwise from top left: Skittish, TyReal, Staph It!!, Yosma, Ik Now, Jeff, Chica Cuba, Jhang, Kuuraku
21 Aug – 27 Aug'20:
Ivan (from Ivan On Tech) joined Parachute as an advisor. Woot! Welcome to the Parachute fam. Here’s a sneak peek into what the first day discussions with Ivan as an advisor revolved around. The project got featured in France’s largest crypto news platform, Journal du Coin. Noice! Click here for the English translated version. As mentioned earlier, Cap hosted a townhall this week. If you missed it, you can catch up here. He also shared a rough draft snapshot of “how the governance and fee distribution contracts could look for ParJar Wallet”. Plus, some updates from this week and a big picture view at what staking liquidity through ParJar could look like. Parachute also got mentioned in another of Ivan’s videos this week.
Snapshot from the Parachute Townhall
In partnership with Sentivate, ParJar distributed $SNTVT tokens this week to 1500 people of whom 800 were new users. Sentivate hosted this drop for members of a specific group as a token of appreciation for their support. Reminiscent of the AMGO drop, this was a precursor of “how PAR drops + other token drops could work for our Social Liquidity pooling”. The $PAR Governance whitepaper was released and initial brainstorming started in the tokenomics group. Cap was also interviewed by YouTuber Money Party (@Edward_F) this week to talk at length about where we are at and where we are heading. We also received a super duper shoutout from CryptoTube in his latest video where he did a deep dive into ParJar and Parachute. Thanks a ton! Cryptovator did a cool feature on the project as well.
Cap added more changes to the site to show: \"ParJar wallet in action along with…the integrations\" + Big Picture
In this week's creative contest, Jason put up a #writingprompt: "...imagine you are a brand new intern at my new mega corporation...Today is your first day and you are told you need to present something about crypto to upper management...all you know is Bitcoin is a thing and some vague information about it. Pick a coin or general crypto subject and write a short story...None of the facts or material can be correct in your presentation...". Haha! After helping fellow Parachuters with their ParJar collection last week, Jason set up a collector’s group this week. If you have more than 30 of the coins/tokens listed on ParJar in your @parjar_bot collection already, send Jason a PM and he will get you in. Victor hosted a “Big Trivia” in TTR this week for 6300 $PAR in prizes. Afful held a quiz in Tiproom on “General Knowledge” as well. Check out these wicked new shorts in the Parachute Store based on Jose’s gif.
Epic stuff, Jose! Haha
Nice haul from the Parachute Beer Exchange, CF! Markus did you a solid
Boldman Stachs pointed out that $PAR had the highest Galaxy Score on social media analytics platform LunarCRUSH this week. Pretty neat! CF took note. And like Cap mentioned, it has mostly been thanks to him. Haha. And big up to Jesús (@JALBARRAN02) for making a ParJar guide video for our Spanish crew. You rock! Interesting results from the DeFi survey: majority of crypto folks are still DeFi-curious. A new community vote was thrown open for listing the next DeFi token on ParJar. Anyone who's been around a bit already knows that Clinton does some amazing work at his charity, For Living Independence, which creates assistive technology for disabled individuals. This week he shared some snaps of a build which now enables a lady in a wheelchair get upstairs in her home.
This is so wholesome, Clinton! Thank you for doing what you do.
28 Aug – 3 Sep'20:
ParJar was featured in Altcoin Buzz’s latest video. Noice! Click here and here to read some recent updates from Cap. After winning last week’s vote, Akropolis ($AKRO) became the latest token to be listed on ParJar. Woot! bZx crew gave some serious competition too. So we had to get them on ParJar as well. $BZRX was listed this week right after $AKRO. $PAR now has 7k on-chain HODLers. Saweet! Sentivate will be our first partner project to have a Social Liquidity Pool on ParJar. This is amazing! Time for another community vote to get a new project listed on ParJar – this time it is DeFi Pie v/s Ren v/s Proxi DeFi v/s Others. If you’ve missed all the latest Parachute-related videos, we have your back. Check this tweet thread to catch up. Naj hosted a Saturday Tiproom Trivia for 6300 $PAR in prizes. Congratulations to Maria for winning the latest Parena. 8k $PAR in the bag. Woohoo! And congo rats to Yanni as well for winning a special edition shirt from the Parachute store. Gamer Boy’s Big Trivia in TTR saw a ton of participation as always. The Parachute Fantasy Football contest is back! Chris set up the entry rules this week.
CF has done wonders for Parachute’s social metrics: “..+500% in our fi(r)st marketing month..”
Whew, what a month! And with that we close for August 2020 @ Parachute/ParJar. See you again with one more epic monthly update tomorrow. Cheerio!
submitted by abhijoysarkar to ParachuteToken [link] [comments]

Earn USD [Paypal] or BTC with the following sites

Well, I've created this guide so I can share tips on how to earn some money. I'll detail some sites from my own experience.
  1. ySense non-ref
    • Description: Site where you can do some random tasks, such as completing surveys or installing apps.
    • Payment method: Paypal, Payoneer, etc.
    • Referral: If you want to create an account use this link with referral please.
  2. HoneyGain non-ref:
    • Description: Platform that uses your devices as a proxy and pays you.
    • Payment method: Paypal.
    • Pros: You don't have to do anything, it's a passive income and you only have to worry about having the app running if you have the PC turned on.
    • Cons: After trying it for 5 days I'd say you make about $4 USD a month.
    • Tips: The best thing is to have a computer per network, also you should try to maximize the amount of time running the app, this can be done using this trick so that when you start Windows, HoneyGain automatically runs.
    • Referral: If you use this referral link you can earn $5 USD.
  3. PacketStream non-ref:
    • Description: Basically it's the same as HoneyGain.
    • Payment method: Paypal.
    • Pros: You don't have to do anything, it's a passive income and you only have to worry about having the app running if you have the PC turned on.
    • Tips: Same as HoneyGain.
    • Referral: If you want to create an account use this link with referral please.
  4. Testable minds non-ref:
    • Description: Platform where you get paid to answer surveys.
    • Payment method: Paypal (proof).
    • Pros: You get paid a decent amount for each survey.
    • Cons: There are very, very few surveys.
    • Tips: I could only enable notification using Google Chrome browser, but even then I encounter very, very few surveys.
    • Referral: If you want to create an account use this link with referral please.
  5. adBTC non-ref:
    • Description: Site where you can earn BTC by visiting websites.
    • Payment method: Bitcoins.
    • Reference: If you want to create an account use this link please.
  6. 2captcha non-ref:
    • Description: Site where you can solve captchas for money.
    • Payment method: Payeer, Bitcoins, etc.
    • Pros: The requirement to get money (Payout) very low, for some payment methods $0.5 USD, for other $1 USD.
    • Cons: The payment per captcha is very very low.
    • Referral: If you want to create an account use this link with referral please.
  7. Gamehag:
    • Description: Platform where you can perfom random tasks like play games, write articles, etc.
    • Payment method: Visa Prepaid Cards, Steam Wallets, etc.
    • Pros: There are a lot of tasks.
    • Referral: If you want to create an account use this referral link please.
submitted by dayasrichard to beermoneyindia [link] [comments]

Earn USD [Paypal] or BTC with the following sites

Well, I've created this guide so I can share tips on how to earn some money. I'll detail some sites from my own experience.
  1. ySense non-ref
    • Description: Site where you can do some random tasks, such as completing surveys or installing apps.
    • Payment method: Paypal, Payoneer, etc.
    • Referral: If you want to create an account use this link with referral please.
  2. HoneyGain non-ref:
    • Description: Platform that uses your devices as a proxy and pays you.
    • Payment method: Paypal.
    • Pros: You don't have to do anything, it's a passive income and you only have to worry about having the app running if you have the PC turned on.
    • Cons: After trying it for 5 days I'd say you make about $4 USD a month.
    • Tips: The best thing is to have a computer per network, also you should try to maximize the amount of time running the app, this can be done using this trick so that when you start Windows, HoneyGain automatically runs.
    • Referral: If you use this referral link you can earn $5 USD.
  3. PacketStream non-ref:
    • Description: Basically it's the same as HoneyGain.
    • Payment method: Paypal.
    • Pros: You don't have to do anything, it's a passive income and you only have to worry about having the app running if you have the PC turned on.
    • Tips: Same as HoneyGain.
    • Referral: If you want to create an account use this link with referral please.
  4. Testable minds non-ref:
    • Description: Platform where you get paid to answer surveys.
    • Payment method: Paypal (proof).
    • Pros: You get paid a decent amount for each survey.
    • Cons: There are very, very few surveys.
    • Tips: I could only enable notification using Google Chrome browser, but even then I encounter very, very few surveys.
    • Referral: If you want to create an account use this link with referral please.
  5. adBTC non-ref:
    • Description: Site where you can earn BTC by visiting websites.
    • Payment method: Bitcoins.
    • Reference: If you want to create an account use this link please.
  6. 2captcha non-ref:
    • Description: Site where you can solve captchas for money.
    • Payment method: Payeer, Bitcoins, etc.
    • Pros: The requirement to get money (Payout) very low, for some payment methods $0.5 USD, for other $1 USD.
    • Cons: The payment per captcha is very very low.
    • Referral: If you want to create an account use this link with referral please.
  7. Gamehag:
    • Description: Platform where you can perfom random tasks like play games, write articles, etc.
    • Payment method: Visa Prepaid Cards, Steam Wallets, etc.
    • Pros: There are a lot of tasks.
    • Referral: If you want to create an account use this referral link please.
submitted by dayasrichard to beermoneyph [link] [comments]

Earn USD [Paypal] or BTC with the following sites

Well, I've created this guide so I can share tips on how to earn some money. I'll detail some sites from my own experience.
  1. ySense non-ref
    • Description: Site where you can do some random tasks, such as completing surveys or installing apps.
    • Payment method: Paypal, Payoneer, etc.
    • Referral: If you want to create an account use this link with referral please.
  2. HoneyGain non-ref:
    • Description: Platform that uses your devices as a proxy and pays you.
    • Payment method: Paypal.
    • Pros: You don't have to do anything, it's a passive income and you only have to worry about having the app running if you have the PC turned on.
    • Cons: After trying it for 5 days I'd say you make about $4 USD a month.
    • Tips: The best thing is to have a computer per network, also you should try to maximize the amount of time running the app, this can be done using this trick so that when you start Windows, HoneyGain automatically runs.
    • Referral: If you use this referral link you can earn $5 USD.
  3. PacketStream non-ref:
    • Description: Basically it's the same as HoneyGain.
    • Payment method: Paypal.
    • Pros: You don't have to do anything, it's a passive income and you only have to worry about having the app running if you have the PC turned on.
    • Tips: Same as HoneyGain.
    • Referral: If you want to create an account use this link with referral please.
  4. Testable minds non-ref:
    • Description: Platform where you get paid to answer surveys.
    • Payment method: Paypal (proof).
    • Pros: You get paid a decent amount for each survey.
    • Cons: There are very, very few surveys.
    • Tips: I could only enable notification using Google Chrome browser, but even then I encounter very, very few surveys.
    • Referral: If you want to create an account use this link with referral please.
  5. adBTC non-ref:
    • Description: Site where you can earn BTC by visiting websites.
    • Payment method: Bitcoins.
    • Reference: If you want to create an account use this link please.
  6. 2captcha non-ref:
    • Description: Site where you can solve captchas for money.
    • Payment method: Payeer, Bitcoins, etc.
    • Pros: The requirement to get money (Payout) very low, for some payment methods $0.5 USD, for other $1 USD.
    • Cons: The payment per captcha is very very low.
    • Referral: If you want to create an account use this link with referral please.
  7. Gamehag:
    • Description: Platform where you can perfom random tasks like play games, write articles, etc.
    • Payment method: Visa Prepaid Cards, Steam Wallets, etc.
    • Pros: There are a lot of tasks.
    • Referral: If you want to create an account use this referral link please.
submitted by dayasrichard to beermoneyAus [link] [comments]

Earn USD [Paypal] or BTC with the following sites

Well, I've created this guide so I can share tips on how to earn some money. I'll detail some sites from my own experience.
  1. ySense non-ref
    • Description: Site where you can do some random tasks, such as completing surveys or installing apps.
    • Payment method: Paypal, Payoneer, etc.
    • Referral: If you want to create an account use this link with referral please.
  2. HoneyGain non-ref:
    • Description: Platform that uses your devices as a proxy and pays you.
    • Payment method: Paypal.
    • Pros: You don't have to do anything, it's a passive income and you only have to worry about having the app running if you have the PC turned on.
    • Cons: After trying it for 5 days I'd say you make about $4 USD a month.
    • Tips: The best thing is to have a computer per network, also you should try to maximize the amount of time running the app, this can be done using this trick so that when you start Windows, HoneyGain automatically runs.
    • Referral: If you use this referral link you can earn $5 USD.
  3. PacketStream non-ref:
    • Description: Basically it's the same as HoneyGain.
    • Payment method: Paypal.
    • Pros: You don't have to do anything, it's a passive income and you only have to worry about having the app running if you have the PC turned on.
    • Tips: Same as HoneyGain.
    • Referral: If you want to create an account use this link with referral please.
  4. Testable minds non-ref:
    • Description: Platform where you get paid to answer surveys.
    • Payment method: Paypal (proof).
    • Pros: You get paid a decent amount for each survey.
    • Cons: There are very, very few surveys.
    • Tips: I could only enable notification using Google Chrome browser, but even then I encounter very, very few surveys.
    • Referral: If you want to create an account use this link with referral please.
  5. adBTC non-ref:
    • Description: Site where you can earn BTC by visiting websites.
    • Payment method: Bitcoins.
    • Reference: If you want to create an account use this link please.
  6. 2captcha non-ref:
    • Description: Site where you can solve captchas for money.
    • Payment method: Payeer, Bitcoins, etc.
    • Pros: The requirement to get money (Payout) very low, for some payment methods $0.5 USD, for other $1 USD.
    • Cons: The payment per captcha is very very low.
    • Referral: If you want to create an account use this link with referral please.
  7. Gamehag:
    • Description: Platform where you can perfom random tasks like play games, write articles, etc.
    • Payment method: Visa Prepaid Cards, Steam Wallets, etc.
    • Pros: There are a lot of tasks.
    • Referral: If you want to create an account use this referral link please.
submitted by dayasrichard to beermoneyasia [link] [comments]

Price prediction from Telegram post

There was a discussion about price of BAT in the Telegram channel today and below is what I posted. It's worth checking out the thread on Telegram as Luke Mulks from BAT chimed in with some great info about future developments and how they will grow BAT usage beyond just ads in Brave.
Just remember that BAT doesn't really have a fixed asset behind it. Sure it's a proxy for "attention" and as Brave usage grows we should see more demand for BAT being purchased by advertisers (vs. being given away by the company behind it). However ultimately those tokens go to user and publishers who will either spend them again or cash out to fiat. All other things being equal the more BAT is used vs. just sitting in wallets then the lower its price will go - this is a money velocity thing. If we didn't have trillions of gold and diamonds sitting in vaults unused the price would plummet, ditto for Bitcoin.
However that a long term problem when the number of users is relatively constant and not growing (exponentially) since obviously the need to keep some BAT in each wallet for utility - buying content, tipping gratis - means there is more demand and more hoarding in total. As of January we only have 6 [edit - 5.8] million monthly average users of Brave. If they all had $10 of BAT in their wallet or about 30 BAT in today's prices that's only a need for 180M BAT. But if we had 100M MAU that would be 3 billion BAT. Since there is only 1.5B BAT total minted the price would have to at least double for that to happen so that people can only hold 15BAT and still have $10 worth. The reality is it would probably go up a lot more - there will be advertisers also holding significant chunks to make payments and publishers sitting on their revenue not necessarily cashing out every single BAT as it arrives. A small one might, but there are many YouTube publishers for instance making hundreds and thousands of dollars per day. Naturally the number of publishers and advertisers will be much fewer than Brave users, but their holdings significantly more. And so long as there is a perception of BAT value increasing over time there will be more HODLing of BAT - we saw this in the Steemit community.
For comparison according to their user data, Firefox has ~270M monthly average users (840M yearly average) and ~5 hours of usage or attention per user per day. So if Brave could become as popular as Firefox, which is now 4-5% of total browser usage, then we could see a MUCH greater demand for BAT. 270M would be 45x the current demand which would dictate a price of $2 per BAT based on user wallets alone. At that scale my guess is you'd see almost as much demand from publisher and advertiser wallets which would further push prices toward $5 per BAT.
How quickly could that happen? Well remember that Chrome went from barely 1% to 6%of the browser user share in just a year. Sure it had the behemoth Google behind it but never underestimate how users might drive BAT adoption based on their desire for privacy and a bit of spending money for content once publishers catch a clue and give Brave users a way to bypass $ paywalls using BAT. Plus Brave has the HUGE advantage over other new browsers that previously came out in that it leverages Chromium so all those plugins work pretty much out of the box and interface is pretty familiar and the tech trusted and reliable. Brave team can mostly focus on the important stuff and leverage open source backed by Google and now Microsoft.
Oh and of course since there is a free market for BAT and a perception prices will rise long term we will certainly also see demand far beyond just consumers - investors will buy it, and advertisers will buy reserves to hedge against fluctuations in value. If you are spending $1M a year on advertising and BAT price is going up x % per month as user numbers increase then why wouldn't you just grab a significant amount of BAT up front to save $? And a $1M ad spend is peanuts for many large companies so one could easily imagine thousands of enterprises sitting on big BAT reserves like that. Sure that's probably a long way off IMO - like 2+ years at least and contingent on consistent and solid Brave user growth - but I wouldn't discount HODLing for investment and BAT price hedging to add another 2x to demand and hence price. So $10 BAT in two years time isn't out of the question in my mind assuming Firefox like user numbers in that time frame.
Suffice to say I can't wait to see more info on Brave MAU figures and get an idea of how they are growing and what the forecast is for 6 months, 1 year, 2 years out. It would be really nice to see it at tens of millions by the end of the year but I think that will be contingent on the success of Brave ads which will suck in lots of curious consumers who hear they can get paid for browsing the web. Thus far I haven't found the ad delivery too compelling though and I don't just mean the limited ad inventory. However my guess is at the moment they are focusing on nailing the technology of the delivery mechanism in the browser, fraud detection (super important!), quality of ad-matching via AI driven algorithms, etc. vs the user experience.
Firefox numbers from here: https://data.firefox.com/dashboard/user-activity
PS. I would add that as primitive as the ad-delivery user experience is at the moment I have found myself clicking on the ads [many are extremely relevant to my interests]. Most Chrome users are used to getting and looking at browser notifications so I do look - Brave is riding on those coat tails. And it sure is less intrusive than banner ads and embedded stuff on a page so maybe users will like it. Of course I don't work for Brave so I've no idea what their product plan looks like.

submitted by O1O1O1O to BATProject [link] [comments]

A tutorial for Tails linux, to stay safe on Internet.

I'm not so sure this will be a help or not, quite sure that official guide is more reliable than this. anyway that's what I have here. If this article contains any kinds of misleading or error, please let me know in the comments.
A tutorial for tails linux, to stay safe on the Internet.
In today's circumstances, it's good to put more effort on maintain a low profile on Internet, or atleast learn how to do that.
If you already have a computer at home, you need to consider to use Tails linux if safety is what your concern about.
Access to https://tails.boum.org/ then follow download instructions.
The idea of tails is, it will anonymize your entire connection on Internet by using Tor network. So no one will discover your identity without lots of effort.
Not only that, once you do shutdown your device, it no longer holds any information. That means, other one can't find any evidence from your device.
Also if you still want to storage some text on tails, The easiest way is hide that in online email account.
At first, open text editor that preinstalled in tails. https://www.reddit.com/tails/comments/bm65w7/tails_faq_what_happened_to_the_pgp_clipboard_in/?utm_medium=android_app&utm_source=share
Then, follow the instruction to encrypt your text by passwords and paste it on email account through tor browser. Do not use that account to communicate to others, just keep it in secret. https://tails.boum.org/doc/encryption_and_privacy/gpgapplet/passphrase_encryption/index.en.html
If you are about to send messages through email, this instruction could be handy. https://tails.boum.org/doc/encryption_and_privacy/gpgapplet/public-key_cryptography/index.en.html You needs to learn about PGP first, tho.use XMPP is the either easier or safer plan.
You can encrypt other type of files by using Archive manager(give a right click on the file), but the computer gets freeze by that occasionally.
I strongly recommend to use Veracrypt hidden volume instead of build a Persistent storage feature, or LUCKS encrypted drive for linux that available on tails for both send/storage purposes.
In that way, you'll get two of passwords for one encrypted storage. If you are forced to reveal your password by others, you have a option to reveal a fake one.
On top of that, if you use another USB for that purpose, you don't have to slow down Tails itself. Persistent storage is tends to be fragile, I occasionally toast an entire data during excessive use. https://www.veracrypt.fen/Hidden%20Volume.html https://tails.boum.org/doc/encryption_and_privacy/veracrypt/index.en.html
You need to use other OSs for create new volumes. Linux is safer than windows I guess, but it takes an effort.
IIRC, you should check "I use hidden volume" radio button during type the password. Otherwise your hidden password doesn't simply work. Don't get confused by that.
Not only that, Tails has the Mac address spoofing function by default. Mac address is the unique identifier for your device. https://en.m.wikipedia.org/wiki/MAC_address
That function also increases anonymity on Internet. it's important when you go outside because even if you killed GPS function on your devices, it still leave a Mac address on wifi router or 3G/LTE cellular module nearby. So someone still can trace your location.
Also just in case if your government decides to not allow you to connect tor network, you should read this article first. https://tails.boum.org/doc/first_steps/startup_options/bridge_mode/index.en.html
But if every each of instruction seems failed to helps you, bring your device(with Mac address spoofing function) outside and connect to the Free wifi. https://freetoursbyfoot.com/where-find-free-wifi-london/
It's relatively safe since either of wifi or device doesn't leave the information that directly leads to you, but be aware on surveillance camera nearby. don't stay there too long, or use one spot too frequently.
I know laptops is too cumbersome to carry around, you have a option to choose something like a windows tablet, a stick pc along with touch screen or a Tv box. not sure on which kind of stuff do the best job unfortunately.
For communication, you need to build the safest/robust assembly point on Internet. The very best option available is XMPP Pidgin chat client.
It's pre-installed in the tails. https://tails.boum.org/doc/anonymous_internet/pidgin/index.en.html As you expected, you can start a group chat. https://superuser.com/questions/1440212/is-there-any-way-to-create-a-group-in-pidgin-like-in-whatsapp
There is couple things you can't do on Tor network or tails Linux.
First, you should read these articles. https://www.hongkiat.com/blog/do-donts-tor-network/amp/ https://tails.boum.org/doc/about/warning/index.en.html https://2019.www.torproject.org/docs/faq.html.en
Since tails is lots more robust than Tor browser bundle on windows, you can ignore the most of issues in Tor browser. Still you have to aware the risk on this.
Not only that, couple of things is getting harder to achieve through Tor.
At first, some website like Twitter, Reddit or YouTube tends to reject to create an account. If that was just a couple of exit nodes, maybe restart the browser might do the trick. https://tor.stackexchange.com/questions/19536/cant-use-reddit-on-tor-what-do-i-do
But if entire exit nodes are rejected by provider, Web based proxy gives you a chance. If that doesn't work, I'd say you should find someone who will to post your messages on viral media.
Secondly, even if you using tails, thats not means you can pay for something anonymously.
If you need to use paid Web base proxy or whatever you want, it's also safer to use anonymous cryptocurrency such as Zcash or monero. not sure how safe are they, pre-installed wallet(Electrum) only supports bitcoin. so you need to use web based wallets.
Or if someone donated a bitcoins to your anonymous wallet, it's safe to use that one through Tor.
submitted by dozenspileofash to HongKong [link] [comments]

The Exhaustive EOS FAQ

The Exhaustive EOS FAQ

 
With the large number of new readers coming to this sub we need to make information easy to access so those readers can make informed decisions. We all know there is an unusually large amount of Fear, Uncertainty and Doubt (FUD) surrounding EOS. Frankly, when clear evidence is provided it’s not that difficult to see EOS for the extremely valuable project it is. This post hopes to begin to put an end to all the misinformation by doing the following:  
  • Giving a clear and concise answer to the most frequently asked questions in regards to EOS.
  • Giving a more in-depth answer for those who want to read more.
  • Allowing readers to make informed decisions by making credible information easy to access.
 
As EOS climbs the ranks we need to recognise there are going to be a lot of skeptical readers coming over and posting their questions. Sometimes they will be irrational, hostile and often just looking for a reaction. We should make it our responsibility to welcome everyone and refrain from responding emotionally to provocative posts, instead providing factual and rational answers.
I will add to this post as and when I can, if you have any ideas or spot any mistakes let me know and I'll get them fixed ASAP. Im planning to add a bit on the team, centralisation and DPOS, governance and EOS VC shortly but please let me hear your suggestions!
 

FAQ

1. How do you registeclaim your EOS tokens before June 2018?

 
Answer courtesy of endless. If you have not done so, you will need to create a new pair of EOS public and private keys and register them with an Ethereum address. This only needs to be done once.
On or around June 1, 2018 all EOS Tokens will become frozen and non-transferable on the Ethereum blockchain. Not long after, I suspect that EOS community members will create a snapshot of token balances that carry over onto a new community generated and selected EOS blockchain. block.one will not be launching EOS blockchains or operating any of their nodes. Additionally, this is a community subreddit unaffiliated in an official capacity with block.one
Method #1: MetaMask (recommended)
Video guide: https://www.youtube.com/watch?v=8K1Q5hX_4-o
steemit tutorial: https://steemit.com/eos/@ash/full-walkthrough-how-to-join-eos-ico
Method #2: MyEtherWallet
steemit tutorial: https://steemit.com/eos/@sandwich/contributing-to-eos-token-sale-with-myetherwallet-and-contract-inner-workings
Method #3: Exodus Wallet
Official website tutorial: http://support.exodus.io/article/65-i-ve-received-eos-tokens-in-exodus-how-do-i-register-them
Important note courtesy of dskvry bka Sandwich, the author of Method #2's steemit tutorial:
claimAll will not work for most users. When you get to the claim step, please use the following tutorial: https://steemit.com/eos/@koyn/minimizing-the-cost-of-gas-when-claiming-eos-using-myetherwallet
Did you buy your EOS tokens on an exchange? (Courtesy of IQOptionCoin)
REMEMBER YOU ONLY NEED TO REGISTER YOUR TOKENS IF YOU BOUGHT THEM ON AN EXCHANGE. YOU DON'T NEED TO CLAIM THEM.
  1. Go to the EOS website https://eos.io
  2. Scroll down and select "GET EOS"
  3. Tick all the required boxes and click "Continue"
  4. Scroll down and click "Register"
  5. Select Metamask, MyEtherWallet, or Ethereum Wallet
  6. Follow the guide.
  7. Remember that the reason you need to register your Ethereum ERC-20 address is to include your EOS tokens in order for the balance of your EOS Tokens to be included in the Snapshot if a Snapshot is created, you must register your Ethereum address with an EOS public key. The EOS snapshot will take place prior to the 1 June 2018. After this point your ERC-20 EOS tokens will be frozen. And you will be issued EOS tokens on the EOS blockchain.
So PLEASE REGISTER your Ethereum address NOW, don't forget about it, or plan on doing it some time in the near future.
There are a lot of submissions about this in /eos, so rather than making a new one please reply to this thread with any questions you may have. Don't forget to join the EOS mailing list: https://eos.io/#subscribe and join the EOS community on your platform(s) of choice: Telegram, Discord and/or Facebook.
And remember, if anyone instructs you to transfer ETH to an EOS contract address that doesn't match the address found on https://eos.io you are being scammed.
 

Sources:

How to registeclaim your EOS tokens before June 2018 by endless
Official EOS FAQ
 

2. How will the token the ERC-20 EOS tokens be transferred to the native blockchain?

 

Quick answer:

There isn't one! Read the long answer then read it again, registering your Ethereum wallet is mandatory!
 

Long answer:

Within 23 hours after the end of the final period on June 1, 2018 at 22:59:59 UTC, all EOS Tokens will become fixed (ie. frozen) and will become non-transferrable on the Ethereum blockchain.
In order to ensure your tokens are transferred over to the native blockchain you must register your Ethereum address with an EOS public key, if you do not you will lose all your tokens! I am not going to link any tutorials as there are many that can be found by searching Google and YouTube.
block.one is helping with the development of snapshot software that can be used to capture the EOS token balance and registered EOS public key of wallets on the Ethereum blockchain. It is then down to the community to create the snapshot. This snapshot can be used when generating a genesis block for a blockchain implementing eos.io software. block.one will not be launching EOS blockchains or operating any of their nodes.
 
Exchange Support
Some exchanges have announced that they will support the token swap. Although using this method will undoubtedly be much simpler than registering the tokens yourself it also comes with its pitfalls.
  • It is highly likely there are going to be multiple networks running on the eos.io software that use the snapshot. It is highly unlikely that exchanges will support them all.
  • It is highly likely that exchanges will not support airdrops that use the snapshot.
Exchanges that have announced support for the token swap include:
 

Sources:

EOS.io
 

3. What does EOS aim to achieve?

 

Quick answer:

EOS.IO software is aiming to provide a decentralized operating system which can support thousands of industrial scale DApps by enabling vertical and horizontal scaling.
 

Long answer:

EOS.IO is software that introduces a blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications. This is achieved through an operating system-like construct upon which applications can be built. The software provides accounts, authentication, databases, asynchronous communication and the scheduling of applications across multiple CPU cores and/or clusters. The resulting technology is a blockchain architecture that has the potential to scale to millions of transactions per second, eliminates user fees and allows for quick and easy deployment of decentralized applications.
 

Sources:

Official EOS FAQ
 

4. Who are the key team figures behind EOS?

 
  • CEO Brendan Blumer - Founder of ii5 (1group) and okay.com. He has been in the blockchain industry since 2014 and started selling virtual assets at the age of 15. Brenden can be found on the Forbes Cypto Rich List. Brendan can be found on Twitter.
  • CTO Dan Larimer - Dan's the visionary industry leader who built BitShares, Graphene and Steemit as well as the increasingly popular Proof of Stake Governance and Decentralised Autonomous Organization Concept. He states his mission in life is “to find free market solutions to secure life, liberty, and property for all.”. Dan can also be found on the Forbes Cypto Rich List. Dan can be found on Twitter and Medium.
  • Partner Ian Grigg - Financial cryptographer who's been building cryptographic ledger platforms for 2+ decades. Inventor of the Ricardian Contract and Triple-Entry Accounting.
 

Sources:

Forbes Crypto Rich List
 

5. Where can the latest EOS news be found?

 
Official:
Community:
Developers:
 

6. Which consensus mechanism does EOS use and what are Block Producers?

 

Quick answer:

Delegated Proof of Stake (DPOS) with Byzantine Fault Tolerance. Block Producers (BPs) produce the blocks of the blockchain and are elected by token holders that vote for them. BPs will earn block rewards for their service, these block rewards come in the form of EOS tokens produced by token inflation.
 

Long answer:

Taken from the EOS.IO Technical White Paper v2:
“EOS.IO software utilizes the only known decentralized consensus algorithm proven capable of meeting the performance requirements of applications on the blockchain, Delegated Proof of Stake (DPOS). Under this algorithm, those who hold tokens on a blockchain adopting the EOS.IO software may select block producers through a continuous approval voting system. Anyone may choose to participate in block production and will be given an opportunity to produce blocks, provided they can persuade token holders to vote for them.
The EOS.IO software enables blocks to be produced exactly every 0.5 second and exactly one producer is authorized to produce a block at any given point in time. If the block is not produced at the scheduled time, then the block for that time slot is skipped. When one or more blocks are skipped, there is a 0.5 or more second gap in the blockchain.
Using the EOS.IO software, blocks are produced in rounds of 126 (6 blocks each, times 21 producers). At the start of each round 21 unique block producers are chosen by preference of votes cast by token holders. The selected producers are scheduled in an order agreed upon by 15 or more producers.
Byzantine Fault Tolerance is added to traditional DPOS by allowing all producers to sign all blocks so long as no producer signs two blocks with the same timestamp or the same block height. Once 15 producers have signed a block the block is deemed irreversible. Any byzantine producer would have to generate cryptographic evidence of their treason by signing two blocks with the same timestamp or blockheight. Under this model a irreversible consensus should be reachable within 1 second."
 

7. How does the voting process work?

 
The voting process will begin once the Block Producer community releases a joint statement ensuring that it is safe to import private keys and vote.
Broadly speaking there will be two methods of voting:
  1. Command Line Interface (CLI) tools
  2. Web portals
EOS Canada has created eosc, a CLI tool that supports Block Producer voting. Other Block Producer candidates such as LibertyBlock are a releasing web portal that will be ready for main net launch. There will be many more options over the coming weeks, please make sure you are always using a service from a trusted entity.
Remember: Do not import your private key until you have seen a joint statement released from at least five Block Producers that you trust which states when it is safe to do so. Ignoring this warning could result in tokens lost.
 

8. What makes EOS a good investment?

 
  • Team - EOS is spearheaded by the visionary that brought us the hugely successful Bitshares and Steem - arguably with two projects already under his belt there is no one more accomplished in the space.
  • Funding - EOS is one of the best funded projects in the space. The block.one team has committed $1B to investing in funds that grow the EOS echo system. EOS VC funds are managed by venture leaders distributed around the world to insure founders in all markets have the ability to work directly with local investors. Incentives such as the EOS hackathon are also in place with $1,500,000 USD in Prizes Across 4 Events.
  • Community Focus - The team is aware that the a projects success depends almost entirely on its adoption. For this reason there has been a huge push to develop a strong world wide community. There is already a surplus number of block producers that have registered their interest and started to ready themselves for the launch and incentives the EOS hackathon are being used to grow the community. A index of projects using EOS can be found at https://eosindex.io/posts.
  • Technical Advantages - See point 9!
 

9. What are the unique selling points of EOS?

 
  • Scaleability
    • Potential to scale to millions of transactions per second
    • Inter-blockchain communication
    • Separates authentication from execution
  • Flexibility
    • Freeze and fix broken applications
    • Generalised role based permissions
    • Web Assembly
  • Usability
    • Elimination of transaction fees
    • True user accounts with usernames, passwords and account recovery (no more having to remember long cryptographic keys)
    • Web toolkit for interface development
 

Sources:

eos.io
EOS Whitepaper
 

10. Is there currently a working product?

 

Quick answer:

This depends entirely on your definition of working product. If a fully featured developer release meets your definition then yes!. Otherwise the public release will be June 2018.
 

Long answer:

EOS differs from other projects in that it aims to deliver a fully featured version of the software on launch. The Dawn 3.0 RC1 feature complete pre-release became available on April 5th. This version has all the features of the final release that is due June 2018. Further development will involve preparing the final system contract which implements all of the staking, voting, and governance mechanics. The common notion that there is no viewable code published is wrong and the initial Dawn 1.0 release has been available from September 14th 2017.
 
EOSIO V1 - June 2nd 2018
Dawn 3.0 RC1 - April 5th 2018
Dawn 3.0 Alpha - January 23rd 2018
Dawn 2.0 - December 4th 2017
Dawn 1.0 - September 14th 2017
 

Sources:

 

11. EOS is an ERC-20 token, how can it possibly be a competitor to other platforms?

 

Quick answer:

The ERC-20 token is used only for raising funds during the token distribution; all tokens will be transferred to the native blockchain once launched.
 

Long answer:

EOS team has clearly stated their reason for choosing the Ethereum network when they described the rationale behind the ICO model. Specifically, the ICO should be a fair and auditable process, with as little trust required as possible. If you believe that an ICO should be fair, auditable, and trustless, you have no choice but to use a decentralized smart contract blockchain to run the ICO, the largest, and by-far most popular of which is Ethereum. Since EOS is intended to be a major competitor for Ethereum, some have seen this as a hypocritical choice. - Stolen from trogdor on Steam (I couldn’t word it any better myself).  

Sources:

The EOS ico for dummies by trogdor
Official EOS FAQ
 

12. Why do the eos.io T&C’s say the ERC-20 token has no value?

 
The EOS T&C’s famously state:
"The EOS Tokens do not have any rights, uses, purpose, attributes, functionalities or features, express or implied, including, without limitation, any uses, purpose, attributes, functionalities or features on the EOS Platform."
 

Quick answer:

This is legal wording to avoid all the legal complications in this emerging space, block.one do not want to find themselves in a lawsuit as we are seeing with an increasing amount of other ICOs. Most notably Tezos (links below).
 

Long answer:

This all comes down to legal issues. Anyone who’s been into crypto for 5 minuets knows that government bodies such as the Securities and Exchange Commission (SEC) are now paying attention to crypto in a big way. This legal wording is to avoid all the legal complications in this emerging space, block.one do not want to find themselves in a lawsuit as we are seeing with an increasing amount of other ICOs. Many token creators that launched ICOs are now in deep water for selling unregistered securities.
 
A filing from the Tezos lawsuit:
"In sum, Defendants capitalized on the recent enthusiasm for blockchain technology and cryptocurrencies to raise funds through the ICO, illegally sold unqualified and unregistered securities, used a Swiss-based entity in an unsuccessful attempt to evade U.S. securities laws, and are now admittedly engaged in the conversion, selling, and possible dissipation of the proceeds that they collected from the Class through their unregistered offering."
 
To ensure EOS tokens are not classed as a unregistered security block.one has made it clear that they are creating the EOS software only and won’t launching a public blockchain themselves. This task is left down to the community, or more precisely, the Block Producers (BPs). The following disclaimer is seen after posts from block.one:
 
"block.one is a software company and is producing the EOS.IO software as free, open source software. This software may enable those who deploy it to launch a blockchain or decentralized applications with the features described above. block.one will not be launching a public blockchain based on the EOS.IO software. It will be the sole responsibility of third parties and the community and those who wish to become block producers to implement the features and/or provide the services described above as they see fit. block.one does not guarantee that anyone will implement such features or provide such services or that the EOS.IO software will be adopted and deployed in any way.”
 
It is expected that many blockchains using eos.io software will emerge. To ensure DAPPs are created on an ecosystem that aligns with the interests of block.one a $1bn fund will be has been created to incentivise projects to use this blockchain.
 

Sources:

EOS.io FAQ Great video on this topic by The Awakenment EOS $1bn Fund Announcement Article on the Tezos lawsuit Article on the Gigawatt lawsuit An official block.one post featuring disclaimer
 

13. Why is the token distribution one year long?

 
Official statement from block.one:
“A lot of token distributions only allow a small amount of people to participate. The EOS Token distribution structure was created to provide a sufficient period of time for people to participate if they so choose, as well as give people the opportunity to see the development of the EOS.IO Software prior to making a decision to purchase EOS Tokens.”
 
It is also worth noting that block.one had no knowledge how much the the token distribution would raise as it is determined by the free market and the length of the token distribution is coded into the Ethereum smart contract, which cannot be changed.
 

Sources:

EOS.io FAQ
 

14. Where is the money going from the token distribution?

 

Quick answer:

Funding for the project was raised before EOS was announced, the additional money raised from the token distribution is largely going to fund projects on EOS.
 

Long answer:

A large portion of the money raised is getting put back into the community to incentivise projects using eos.io software. block.one raised all the money they needed to develop the software before the ERC-20 tokens went on sale. There are some conspiracies that block.one are pumping the price of EOS using the funds raised. The good thing about blockchain is you can trace all the transactions, which show nothing of the sort. Not only this but the EOS team are going to have an independent audit after the funding is complete for piece of mind.
 
From eos.io FAQ:
“block.one intends to engage an independent third party auditor who will release an independent audit report providing further assurances that block.one has not purchased EOS Tokens during the EOS Token distribution period or traded EOS Tokens (including using proceeds from the EOS Token distribution for these purposes). This report will be made available to the public on the eos.io website.”
 

Sources:

EOS.io FAQ EOS $1bn Fund Announcement
 

15. Who's using EOS?

 
With 2 months from launch left there is a vibrant community forming around EOS. Some of the most notable projects that EOS software will support are:
A more complete list of EOS projects can be found at eosindex.io.
 

16. Dan left his previous projects, will he leave EOS?

 

Quick answer:

When EOS has been created Dan will move onto creating projects for EOS with block.one.
 

Long answer:

When a blockchain project has gained momentum and a strong community has formed the project takes on a life of its own and the communities often have ideas that differ from the creators. As we have seen with the Bitcoin and Ethereum hark forks you cant pivot a community too much in a different direction, especially if its changing the fundamentals of the blockchain. Instead of acting like a tyrant Dan has let the communities do what they want and gone a different way. Both the Bitshares and Steem were left in a great position and with Dans help turned out to be two of the most successful blockchain projects to date. Some would argue the most successful projects that are actually useable and have a real use case.
What Dan does best is build the architecture and show whats possible. Anyone can then go on to do the upgrades. He is creating EOS to build his future projects upon it. He has stated he loves working at block.one with Brendan and the team and there is far too much momentum behind EOS for him to possibly leave.
 

Sources:

Dans future beyond EOS
Why Dan left Bitshares
Why Dan left Steem
 

17. Is EOS susceptible to DDoS attacks?

 
No one could have better knowledge on this subject than our Block Producer candidates, I have chosen to look to EOS New York for this answer:
"DDoS'ing a block producing is not as simple as knowing their IP address and hitting "go". We have distributed systems engineers in each of our candidate groups that have worked to defend DDoS systems in their careers. Infrastructure can be built in a way to minimize the exposure of the Block Producing node itself and to prevent a DDoS attack. We haven't published our full architecture yet but let's take a look at fellow candidate EOSphere to see what we mean. As for the launch of the network, we are assuming there will be attacks on the network as we launch. It is being built into the network launch plans. I will reach out to our engineers to get a more detailed answer for you. What also must be considered is that there will be 121 total producing and non-producing nodes on the network. To DDoS all 121 which are located all around the world with different security configurations at the exact same time would be a monumental achievement."
 

Sources:

eosnewyork on DDoS attackd
EOSSphere Architecture
 

18. If block producers can alter code how do we know they will not do so maliciously?

 

Quick answer:

  • Block producers are voted in by stake holders.
  • Changes to the protocol, constitution or other updates are proposed to the community by block producers.
  • Changes takes 2 to 3 months due to the fact block producers must maintain 15/21 approval for a set amount of time while for changes to be processed.
  • To ensure bad actors can be identified and expelled the block.one backed community will not back an open-entry system built around anonymous participation.
 

Long answer:

For this question we must understand the following.
  • Governance and why it is used.
  • The process of upgrading the protocol, constitution & other updates.
  • Dan’s view on open-entry systems built around anonymous participation.
 
Governance
Cryptography can only be used to prove logical consistency. It cannot be used to make subjective judgment calls, determine right or wrong, or even identify truth or falsehood (outside of consistency). We need humans to perform these tasks and therefore we need governance!
Governance is the process by which people in a community:
  1. Reach consensus on subjective matters of collective action that cannot be captured entirely by software algorithms;
  2. Carry out the decisions they reach; and
  3. Alter the governance rules themselves via Constitutional amendments.
Embedded into the EOS.IO software is the election of block producers. Before any change can be made to the blockchain these block producers must approve it. If the block producers refuse to make changes desired by the token holders then they can be voted out. If the block producers make changes without permission of the token holders then all other non-producing full-node validators (exchanges, etc) will reject the change.
 
Upgrade process
The EOS.IO software defines the following process by which the protocol, as defined by the canonical source code and its constitution, can be updated:
  1. Block producers propose a change to the constitution and obtains 15/21 approval.
  2. Block producers maintain 15/21 approval of the new constitution for 30 consecutive days.
  3. All users are required to indicate acceptance of the new constitution as a condition of future transactions being processed.
  4. Block producers adopt changes to the source code to reflect the change in the constitution and propose it to the blockchain using the hash of the new constitution.
  5. Block producers maintain 15/21 approval of the new code for 30 consecutive days.
  6. Changes to the code take effect 7 days later, giving all non-producing full nodes 1 week to upgrade after ratification of the source code.
  7. All nodes that do not upgrade to the new code shut down automatically.
By default, configuration of the EOS.IO software, the process of updating the blockchain to add new features takes 2 to 3 months, while updates to fix non-critical bugs that do not require changes to the constitution can take 1 to 2 months.
 
Open-entry systems built around anonymous participation
To ensure bad actors can be identified and expelled the block.one backed community will not back an open-entry system built around anonymous participation.
Dan's quote:
"The only way to maintain the integrity of a community is for the community to have control over its own composition. This means that open-entry systems built around anonymous participation will have no means expelling bad actors and will eventually succumb to profit-driven corruption. You cannot use stake as a proxy for goodness whether that stake is held in a bond or a shareholder’s vote. Goodness is subjective and it is up to each community to define what values they hold as good and to actively expel people they hold has bad.
The community I want to participate in will expel the rent-seeking vote-buyers and reward those who use their elected broadcasting power for the benefit of all community members rather than special interest groups (such as vote-buyers). I have faith that such a community will be far more competitive in a market competition for mindshare than one that elects vote buyers."
 

Sources:

The Limits of Crypto-economic Governance
EOS.IO Technical White Paper v2
 

19. What is the most secure way to generate EOS key pairs?

 
Block producer candidates EOS Cafe and EOS New York have come forward to help the community with this topic.
The block producer candidate eosnewyork has kindly posted a tutorial on steemit detailing the steps that need to be taken to generate key pairs using the official code on the EOS.IO Github.
The block producer candidate eoscafe has gone a step further and released an Offline EOS Key Generator application complete with GUI for Windows, Linux & Mac. Not only can this application generate key pairs but it can also validate key pairs and resolve public keys from private keys. This application has also been vouched for by EOS New York
 

Sources:

EOS.IO Github
eosnewyork's key pair generation tutorial
eoscafe's offline key par generation application  
submitted by Techno-Tech to eos [link] [comments]

Era Swap Network White Paper

Era Swap Network White Paper

Era Swap Network

White Paper



DISCLAIMER
This Whitepaper is for Era Swap Network. Its purpose is solely to provide prospective community members with information about the Era Swap Ecosystem & Era Swap Network project. This paper is for information purposes only and does not constitute and is not intended to be an offer of securities or any other financial or investment instrument in any jurisdiction.
The Developers disclaim any and all responsibility and liability to any person for any loss or damage whatsoever arising directly or indirectly from (1) reliance on any information contained in this paper, (2) any error, omission or inaccuracy in any such information, or (3) any action resulting therefrom
Digital Assets are extremely high-risk, speculative products. You should be aware of the risks involved and fully consider before participating in Digital assets whether it’s appropriate for you. You should only participate if you are an experienced investor with sophisticated knowledge of financial markets and you fully understand the risks associated with digital assets. We strongly advise you to take independent professional advice before making any investment or participating in any way. You should check what rules and protections apply to your respective jurisdictions before investing or participating in any way. The Creators & community will not compensate you for any losses from trading, investment or participating in any way. You should read whitepaper carefully before participating and consider whether these products are right for you.

TABLE OF CONTENT

· Abstract
· Introduction to Era Swap Network
· Development Overview
· Era Swap Utility Platform
· Alpha-release Development Plan
· Era Swap Network Version 1: Specification
· Bunch Structure: 10
· Converting ES-ERC20 to ES-Na:
· Conclusion:
· Era Swap Ecosystem
· Social Links

Abstract

The early smart contracts of Era Swap Ecosystem like TimeAlly, Newly Released Tokens, Assurance, BetDeEx of Era Swap Ecosystem, are deployed on Ethereum mainnet. These smart contracts are finance-oriented (DeFi), i.e. most of the transactions are about spending or earning of Era Swap tokens which made paying the gas fees in Ether somewhat intuitive to the user (withdrawal charges in bank, paying tax while purchasing burgers) but transactions that are not token oriented like adding a nominee or appointee voting also needs Ether to be charged. As more Era Swap Token Utility platform ideas kept appending to the Era Swap Main Whitepaper, more non-financial transaction situations arise like updating status, sending a message, resolving a dispute and so on. Paying extensively for such actions all day and waiting for the transaction to be included in a block and then waiting for enough block confirmations due to potential chain re-organizations is counter-intuitive to existing free solutions like Facebook, Gmail. This is the main barrier that is stopping Web 3.0 from coming to the mainstream.
As alternatives to Ethereum, there are few other smart contract development platforms that propose their own separate blockchain that features for higher transaction throughput, but they compromise on decentralization for improving transaction speeds. Moreover, the ecosystem tools are most advancing in Ethereum than any other platform due to the massive developer community.
With Era Swap Network, the team aims to achieve scalability, speed and low-cost transactions for Era Swap Ecosystem (which is currently not feasible on Ethereum mainnet), without compromising much on trustless asset security for Era Swap Community users.

Introduction to Era Swap Network

Era Swap Network (ESN) aims to solve the above-mentioned problems faced by Era Swap Ecosystem users by building a side-blockchain on top of Ethereum blockchain using the Plasma Framework.
Era Swap Network leverages the Decentralisation and Security of Ethereum and the Scalability achieved in the side-chain, this solves the distributed blockchain trilema. In most of the other blockchains, blocks are a collection of transactions and all the transactions in one block are mined by a miner in one step. Era Swap Network will consist of Bunches of Blocks of Era Swap Ecosystem Transactions.

Decentralization

Layer 2


Scalable and Secure

A miner mines all the blocks in a bunch consequently and will commit the bunch-root to the ESN Plasma Smart Contract on Ethereum mainnet.

Development Overview
Initially, we will start with a simple Proof-of-Authority (PoA) based consensus of EVM to start the development and testing of Era Swap Ecosystem Smart Contracts as quickly as possible on the test-net. We will call this as an alpha-release of ESN test-net and only internal developers will work with this for developing smart contracts for Era Swap Ecosystem. User’s funds in a Plasma implementation with a simple consensus like PoA are still secured as already committed bunch-roots cannot be reversed.
Eventually, we want to arrive on a more control-decentralized consensus algorithm like Proof-of-Stake (PoS) probably, so that even if the chain operator shuts down their services, a single Era Swap Ecosystem user somewhere in the world can keep the ecosystem alive by running software on their system and similarly more people can join to decentralize the control further. In this PoS version, we will modify the Parity Ethereum client in such a way, that at least 50% of transaction fees collected will go to the Luck Pool of NRT Smart Contract on Ethereum mainnet and rest can be kept by miner of the blocks/bunch of blocks if they wish. After achieving such an implementation, we will release this as a beta version to the community for testing the software on their computers with Kovan ERC20 Era Swaps (Ethereum test-net).

Era Swap Decentralised Ecosystem
Following platforms are to be integrated:
  1. Era Swap Token Contract (adapted ERC20 on Ethereum) The original asset will lie on Ethereum to avoid loss due to any kind of failure in ESN.
  2. Plasma Manager Contract (on Ethereum) To store ESN bunch headers on Ethereum.
  3. Reverse Plasma Manager Contract (on ESN) Bridge to convert ES to ES native and ES native to ES. User deposits ES on Mainnet Plasma, gives proof on ESN and gets ES native credited to their account in a decentralised way.
  4. NRT Manager Contract (on Ethereum or on ESN) If it is possible to send ES from an ESN contract to luck pool of NRT Manager Contract on Ethereum, then it’s ok otherwise, NRT Manager will need to be deployed on ESN for ability to add ES to luck pool.
  5. Era Swap Wallet (React Native App for managing ESs and ES natives) Secure wallet to store multiple private keys in it, mainly for managing ES and ES native, sending ES or ES native, also for quick and easy BuzCafe payments.
  6. TimeAlly (on Ethereum or on ESN) On whichever chain NRT Manager is deployed, TimeAlly would be deployed on the same chain.
  7. Assurance (on Ethereum or on ESN) On whichever chain NRT Manager is deployed, TimeAlly would be deployed on the same chain.
  8. DaySwappers (on ESN) KYC manager for platform. For easily distributing rewards to tree referees.
  9. TimeSwappers (on ESN) Freelance market place with decentralised dispute management.
  10. SwappersWall (on ESN) Decentralised social networking with power tokens.
  11. BuzCafe (on ESN) Listing of shops and finding shops easily and quick payment.
  12. BetDeEx (on ESN) Decentralised Prediction proposals, prediction and results.
  13. DateSwappers (on ESN) Meeting ensured using cryptography.
  14. ComputeEx (on Ethereum / centralised way) Exchange assets.
  15. Era Swap Academy (on ESN / centralised way) Learn. Loop. Leap. How to implement ES Academy is not clear. One idea is if content is constantly being modified, then subscription expired people will only have the hash of old content while new content hash is only available to people who have done Dayswapper KYC and paid for the course. Dayswapper KYC is required because this way people won’t share their private keys to someone else.
  16. Value of Farmers (tbd) The exchange of farming commodities produced by farmers in VoF can be deposited to warehouses where the depositors will get ERC721 equivalent tokens for their commodities (based on unique tagging).
  17. DeGameStation (on ESN) Decentralised Gaming Station. Games in which players take turns can be written in Smart Contract. Games like Chess, Poker, 3 Patti can be developed. Users can come to DeGameStation and join an open game or start a new game and wait for other players to join.

Alpha-release Development Plan
  1. Deploying Parity Node customized according to Era Swap Whitepaper with PoA consensus.
  2. Setting up Plasma Smart Contracts.
  3. Creating a bridge for ERC20 Swap from Ethereum test-net to ESN alpha test-net.

Alpha Version
Era Swap Network Version 1 : Specification
The Version 1 release of ESN plans to fulfill the requirements for political decentralisation and transparency in dApps of Era Swap Ecosystem using Blockchain Technology. After acquiring sufficient number of users, a version 2 construction of ESN will be feasible to enable administrative decentralization, such that the Era Swap Ecosystem will be run and managed by the Era Swap Community and will no longer require the operator to support for it's functioning.
Era Swap Network (ESN) Version 1 will be a separate EVM-compatible sidechain attached to Ethereum blockchain as it’s parent chain. ESN will achieve security through Plasma Framework along with Proof-of-Authority consensus for faster finality. The idea behind plasma framework is to avoid high transaction fees and high transaction confirmation times on Ethereum mainnet by instead doing all the ecosystem transactions off-chain and only post a small information to an Ethereum Smart Contract which would represent hash of plenty of ecosystem transactions. Also, to feature movement of Era Swap Tokens from Ethereum blockchain to ESN using cryptographic proof, reverse plasma of Ethereum on ESN will be implemented.
Also, submitting hash of each ESN blocks to ESN Plasma Smart Contract on Ethereum would force ESN to have a block time equal to or more than Ethereum’s 15 second time as well as it would be very much costly for operator to post lot of hashes to an Ethereum Smart Contract. This is why, merkle root of hashes of bunch of blocks would instead be submitted to ESN Plasma Smart Contact on Ethereum.
Actors involved in the ESN:
  1. Block Producer Nodes Lesser the number of nodes, quicker is the block propagation between block producers which can help quick ecosystem transactions. We find that 7 block producers hosted on different could hosting companies and locations reduces the risk of single point of failure of Era Swap Ecosystem and facilitates 100% uptime of dApps. Block Producer Nodes will also be responsible to post the small information to the Blockchain.
  2. Block Listener Nodes Rest of the nodes will be Block Listeners which will sync new blocks produced by the block producer nodes. Plenty of public block listener nodes would be setup in various regions around the world for shorter ping time to the users of Era Swap Ecosystem. Users would submit their Era Swap Ecosystem transactions to one of these public nodes, which would relay them to rest of the Era Swap Network eventually to the block producer nodes which would finalize a new block including the user transaction.
  3. Bunch Committers This will be an instance in the block producers which will watch for new blocks confirmed on ESN and will calculate bunch merkle roots and will submit it to ESN Plasma Smart Contract. This instance will also post hash of new Ethereum blocks to ESN (after about 10 confirmations) for moving assets between both the blockchain.
  4. Users These will be integrating with dApps which would be connected to some public ESN nodes or they can install a block listner node themselves. They can sign and send transactions to the node which they are connected to and then that node will relay their transactions to block producer nodes who would finalise a block including their transaction.

Bunch Structure

A Bunch Structure in Smart Contract will consist of the following:
• Start Block Number: It is the number of first ESN block in the bunch.
• Bunch Depth: It is Merkle Tree depth of blocks in the bunch. For e.g. If bunch depth is 3, there would be 8 blocks in the bunch and if bunch depth is 10, there would be 1024 blocks in the bunch. Bunch depth of Bunches on ESN Plasma Contract is designed to be variable. During the initial phases of ESN, it would be high, for e.g. 15, to avoid ether expenditure and would be decreased in due course of time.
• Transactions Mega Root: This value is the merkle root of all the transaction roots in the bunch. This is used by Smart Contract to verify that a transaction was sent on the chain.
• Receipts Mega Root: This value is the merkle root of all the receipt roots in the bunch. This is used to verify that the transaction execution was successful.
• Timestamp: This value is the time when the bunch proposal was submitted to the smart contract. After submission, there is a challenge period before it is finalised.

Converting ES-ERC20 to ERC-NA and BACK

On Ethereum Blockchain, the first class cryptocurrency is ETH and rest other tokens managed by smart contracts are second class. On ESN, there is an advancement to have Era Swaps as the first class cryptocurrency. This cryptocurrency will feature better user experience and to differentiate it from the classic ERC20 Era Swaps, it will be called as Era Swap Natives (ES-Na). According to the Era Swap Whitepaper, maximum 9.1 Million ES will exist which will be slowly released in circulation every month.
Era Swaps will exist as ES-ERC20 as well as in form of ES-Na. One of these can be exchanged for the other at 1:1 ratio.
Following is how user will convert ES-ERC20 to ES-Na:
  1. User will give allowance to a Deposit Smart Contract, and following that call deposit method to deposit tokens to the contract.
  2. On transaction confirmation, user will paste the transaction hash on a portal which will generate a Proof of Deposit string for the user. This string is generated by fetching all the transactions in the Ethereum Block and generating a Transaction Patricia Merkle Proof to prove that user’s transaction was indeed included in the block and the Receipts Patricia Merkle Proof to confirm that the user’s transaction was successful.
  3. Using the same portal, user will submit the generated proofs to a Smart Contract on ESN, which would release funds to user. Though, user will have to wait for the Etheruem block roots to be posted to ESN after waiting for confirmations which would take about 3 minutes. Once, it’s done user’s proofs will be accepted and will receive exact amount of ES- Na on ESN.
Following is how user will convert ES-Na to ES-ERC20:
  1. ES-Na being first class cryptocurrency, user will simply send ES-Na to a contract.
  2. User will paste the transaction hash on a portal which will generate a Proof of Deposit for the user. Again ES-Na being first class cryptocurrency, Transaction Patricia Merkle Proof is enough to prove that user’s transaction was indeed included in the block. Another thing which will be generated is the block inclusion proof in the bunch.
  3. User will have to wait for the bunch confirmation to the Plasma Smart Contract and once it’s done, user can send the proof to the Plasma Smart Contract to receive ES-ERC20.

HARD Exit

Since the blocks are produced and transactions are validated by few block producers, it exposes a possibility for fraud by controlling the block producer nodes. Because ESN is based on the Plasma Model, when failure of sidechain occurs or the chain halts, users can hard exit their funds directly from the Plasma Smart Contract on Ethereum by giving a Proof of Holdings.

HOld ES Tokens Swapping with New ES Tokens

The old ES Tokens will be valueless as those tokens will not be accepted in ESN because of NRT (New Released Tokens) and TimeAlly contracts on mainnet which is causing high gas to users, hence reducing interactions. Also, there was an event of theft of Era Swap Tokens and after consensus from majority of holders of Era Swap Tokens; it was decided to create a new contract to reverse the theft to secure the value of Era Swap Tokens of the community. Below is the strategy for swapping tokens:
TimeAlly and TSGAP: Majority of Era Swap Community have participated in TimeAlly Smart Contract in which their tokens are locked for certain period of time until which they cannot move them. Such holders will automatically receive TimeAlly staking of specific durations from the operator during initialization of ESN.
Liquid Tokens: Holders of Liquid Era Swap Tokens have to transfer the old tokens to a specified Ethereum wallet address managed by team. Following that, team will audit the token source of the holder (to eliminate exchange of stolen tokens) and send new tokens back to the wallet address.

Post-Genesis Tokens Return Program

Primary asset holding of Era Swap tokens will exist on Ethereum blockchain as an ERC20 compatible standard due to the highly decentralised nature of the blockchain. Similar to how users deposit tokens to an cryptocurrency exchange for trading and then withdraw the tokens back, users will deposit tokens to ESN Contract to enter Era Swap Ecosystem and they can withdraw it back from ESN Contract for exiting from ecosystem network. The design of the token system will be such that, it will be compatible with the future shift (modification or migration of ESN version 1) to ESN version 2, in which an entirely new blockchain setup might be required.
To manage liquidity, following genesis structure will be followed:

Holder ES-ERC20 ES-Na
Team Wallet 1.17 billion (Circulating Supply) 0
Locked in Smart Contract 7.93 billion (pending NRT releases) 9.1 billion
Though it looks like there are 9.1 * 2 = 18.2 Billion ES, but the cryptographic design secures that at any point in time at least a total of 9.1 billion ES (ES-ERC20 + ES-Na) will be locked. To unlock ES-Na on ESN, an equal amount of ES-ERC20 has to be locked on Ethereum and vice-versa.
9.1 billion ES-ERC20 will be issued by ERC20 smart contract on Ethereum Blockchain, out of which the entire circulating supply (including liquid and TimeAlly holdings) of old ES will be received to a team wallet.
TimeAlly holdings of all users will be converted to ES-Na and distributed on ESN TimeAlly Smart Contract by team to the TimeAlly holders on their same wallet address.
Liquid user holdings will be sent back to the users to the wallet address from which they send back old ES tokens (because some old ES are deposited on exchange wallet address).
ES-Na will be issued in the genesis block to an ESN Manager Smart Contract address. It will manage all the deposits and withdrawals as well as NRT releases.

Attack Vectors


Following are identified risks to be taken care of during the development of ESN:
Network Spamming: Attackers can purchase ES from the exchange and make a lot of transactions between two accounts. This is solved by involving gas fees. A setting of 200 nanoES minimum gas price will be set, which can be changed as per convenience.
DDoS: Attackers can query public nodes for computationally heavy output data. This will overload the public node with requests and genuine requests might get delayed. Block producers RPC is private, so they will continue to produce blocks. To manage user’s denial of service, the provider in dApps needs to be designed in such a way such that many public nodes will be queried simple information (let’s say latest block number) and the one which response quickly to user will be selected.
AWS is down: To minimize this issue due to cloud providers down, there will be enough nodes on multiple cloud providers to ensure at least one block producer is alive.
User deposit double spending: User deposits ES on Ethereum, gets ES-Na on ESN. Then the issue happens that there are re-org on ETH mainnet and the user’s transaction is reversed. Since ETH is not a fixed chain and as per PoW 51% attack can change the blocks. As Ethereum is now enough mature and by statistics forked blocks are at most of height 2. So it is safe to consider 15 confirmations.
Exit Game while smooth functioning: User starts a hard exit directly from Plasma Smart Contract on Ethereum, then spends his funds from the plasma chain too. To counter this, the exit game will be disabled, only when ESN halts, i.e. fails to submit block header within the time the exit game starts. This is because it is difficult to mark user’s funds as spent on ESN.
Vulnerability in Ecosystem Smart Contracts: Using traditional methods to deploy smart contracts results in a situation where if a bug is found later, it is not possible to change the code. Using a proxy construction for every ecosystem smart contract solves this problem, and changing a proxy can be given to a small committee in which 66% of votes are required, this is to prevent a malicious change of code due to compromising of a single account or similar scenario.
ChainID replay attacks: Using old and traditional ways to interact with dApps can cause loss to users, hence every dApp will be audited for the same.

Conclusion

Era Swap Network is an EVM-compatible sidechain attached to the Ethereum blockchain through Plasma Framework. This allows off-chain processing of Era Swap Ecosystem transactions and posting only the hash of the bunch to Ethereum. This greatly reduces the high network fee and confirmation time issues faced by the current Era Swap Ecosystem DApps deployed on Ethereum. Also, having a separate EVM-compatible blockchain tailored to Era Swap Ecosystem improves the user experience to a higher extent. Since by design, Plasma Framework makes the Era Swap Network as secure as the Ethereum Network, user's funds on the network would be secure as well.
We believe Era Swap Network will help scale dApps of Era Swap Ecosystem to onboard the increasing numbers of users.


Era Swap Ecosystem
Era Swap Ecosystem consist of multiple interlinked platforms which is powered by Era swap (ES) token, a decentralized utility token to be used on below utility platforms. Users can access the Platforms through Era Swap Life which is the Single Sign on (SSO) gateway to the one world of Era Swap Ecosystem.
Era Swap Life: https://eraswap.life/
TimeAlly DApp -> Decentralized Token Vesting: https://www.timeally.io/
BetDeEx -> Decentralized prediction platform: https://www.betdeex.com/
Swappers Wall -> Social Time Ledgerise: https://timeswappers.com/swapperswall
TimeSwappers -> Global P2P marketplace: https://timeswappers.com/
BuzCafe -> Connects local P2P outlets: https://buzcafe.com/
DaySwappers -> Unique Affiliate Program: https://dayswappers.com/
Era Swap Academy -> E-mart for skill development: https://eraswap.academy/
Value of Farmers (VOF) -> Farming ecosystem: http://valueoffarmers.org/ coming soon
ComputeEx -> P2P lending and borrowing: https://computeex.net/ coming soon
DateSwappers -> Next gen dating: coming soon
Smart Contract address

Era Swap Token (ES)
https://etherscan.io/address/0xef1344bdf80bef3ff4428d8becec3eea4a2cf574#code

Newly Released Token (NRT) https://etherscan.io/address/0x20ee679d73559e4c4b5e3b3042b61be723828d6c#code

TimeAlly DApp
https://etherscan.io/address/0x5630ee5f247bd6b61991fbb2f117bbeb45990876#code

BetDeEx DApp https://etherscan.io/address/0x42225682113E6Ed3616B36B4A72BbaE376041D7c#code
TSGAP DApp
https://etherscan.io/address/0xbad9af4db5401b7d5e8177a18c1d69c35fc03fd3#code

White Paper
Era Swap Whitepaper: https://eraswaptoken.io/pdf/eraswap_whitepaper.pdf
Era Swap Light Paper: https://eraswaptoken.io/pdf/eraswap_lightpaper.pdf

Howey Test
Howey Test: https://eraswaptoken.io/era-swap-howey-test-letter-august7-2018.php

Era Swap SOCIAL LINKS
Telegram: https://t.me/eraswap
Twitter: https://twitter.com/eraswaptec
Facebook: https://www.facebook.com/eraswap/
Instagram: https://www.instagram.com/eraswap/
BitcoinTalk: https://bitcointalk.org/index.php?topic=5025979.msg45502457
Youtube: https://www.youtube.com/channel/UCGCP4f5DF1W6sbCjS6y3T1g
LinkedIn: https://www.linkedin.com/company/eraswap/
Reddit: https://www.reddit.com/useEraSwap
Medium: https://medium.com/@eraswap
Tumblr: https://eraswap.tumblr.com/
Mix: https://mix.com/eraswap
Pinterest: https://www.pinterest.com/eraswapt/
GitHub: https://github.com/KMPARDS/EraSwapSmartContracts
submitted by EraSwap to u/EraSwap [link] [comments]

My growing collection of info about NEO

It can be very time consuming to keep up to date on a single blockchain project let alone multiple ones. If you just heard about NEO a few weeks ago it would be impossible catch up on past occurrences due to high volume of Reddit posts and articles made on the project. I’m going to try and simplify the past, present and future as much as I can into one well thought-out post. I hope I can be helpful to anyone who has been investigating like myself. I will include sources with all of my research.
https://imgur.com/a/NBI7S (img for mobile backround)
Key notes from the White Paper http://docs.neo.org/en-us/
Digital Assets
Digital assets are programmable assets that exist in the form of electronic data. With blockchain technology, the digitization of assets can be decentralized, trustful, traceable, highly transparent, and free of intermediaries. On the NEO blockchain, users are able to register, trade, and circulate multiple types of assets. Proving the connection between digital and physical assets is possible through digital identity. Assets registered through a validated digital identity are protected by law.
Digital Identity
Digital identity refers to the identity information of individuals, organizations, and other entities that exist in electronic form. The more mature digital identity system is based on the PKI (Public Key Infrastructure) X.509 standard. In NEO, we will implement a set of X.509 compatible digital identity standards. This set of digital identity standards, in addition to compatible X.509 level certificate issuance model, will also support Web Of Trust point-to-point certificate issuance model. Our verification of identity when issuing or using digital identities includes the use of facial features, fingerprint, voice, SMS and other multi-factor authentication methods.
Smart Contracts
The NeoContract smart contract system is the biggest feature of the seamless integration of the existing developer ecosystem. Developers do not need to learn a new programming language but use C#, Java and other mainstream programming languages in their familiar IDE environments (Visual Studio, Eclipse, etc.) for smart contract development, debugging and compilation. NEO's Universal Lightweight Virtual Machine, NeoVM, has the advantages of high certainty, high concurrency, and high scalability. The NeoContract smart contract system will allow millions of developers around the world to quickly carry out the development of smart contracts.
Economic Model
NEO has two native tokens, NEOand NeoGas NEO represents the right to manage the network. Management rights include voting for bookkeeping, NEO network parameter changes, and so on. The minimum unit of NEO is 1 and tokens cannot be subdivided. GAS is the fuel token for the realization of NEO network resource control. The NEO network charges for the operation and storage of tokens and smart contracts, thereby creating economic incentives for bookkeepers and preventing the abuse of resources. The minimum unit of GAS is 0.00000001.
Distribution Mechanism
NEO's 100 million tokens are divided into two portions. The first portion is 50 million tokens distributed proportionally to supporters of NEO during the crowdfunding. This portion has been distributed.
The second portion is 50 million NEO managed by the NEO Council to support NEO's long-term development, operation and maintenance and ecosystem. The NEO in this portion has a lockout period of 1 year and is unlocked only after October 16, 2017. This portion WILL NOT enter the exchanges and is only for long-term support of NEO projects. The plans for it are as below:
▪ 10 million tokens (10% total) will be used to motivate NEO developers and members of the NEO Council
▪ 10 million tokens (10% total) will be used to motivate developers in the NEO ecosystem
▪ 15 million tokens (15% total) will be used to cross-invest in other block-chain projects, which are owned by the NEO Council and are used only for NEO projects
▪ 15 million (15% total) will be retained as contingency
▪ The annual use of NEO in principle shall NOT exceed 15 million tokens
GAS distribution
GAS is generated with each new block. The initial total amount of GAS is zero. With the increasing rate of new block generation, the total limit of 100 million GAS will be achieved in about 22 years. The interval between each block is about 15-20 seconds, and 2 million blocks are generated in about one year. According to this release curve, 16% of the GAS will be created in the first year, 52% of the GAS will be created in the first four years, and 80% of the GAS will be created in the first 12 years. GAS will be distributed proportionally in accordance with the NEO holding ratio, recorded in the corresponding addresses. NEO holders can initiate a claim transaction at any time and claim these GAS tokens at their holding addresses.
Consensus mechanism: dBFT
The dBFT is called the Delegated Byzantine Fault Tolerant, a Byzantine fault-tolerant consensus mechanism that enables large-scale participation in consensus through proxy voting. The holder of the NEO token can, by voting, pick the bookkeeper it supports. The selected group of bookkeepers, through BFT algorithm, reach a consensus and generate new blocks. Voting in the NEO network continues in real time, rather than in accordance with a fixed term.
Cross-chain assets exchange agreement
NeoX has been extended on existing double-stranded atomic assets exchange protocols to allow multiple participants to exchange assets across different chains and to ensure that all steps in the entire transaction process succeed or fail together. In order to achieve this function, we need to use NeoContract function to create a contract account for each participant. If other blockchains are not compatible with NeoContract, they can be compatible with NeoX as long as they can provide simple smart contract functionality.
Cross-chain distributed transaction protocol
Cross-chain distributed transactions mean that multiple steps of a transaction are scattered across different blockchains and that the consistency of the entire transaction is ensured. This is an extension of cross-chain assets exchange, extending the behavior of assets exchange into arbitrary behavior. In layman's terms, NeoX makes it possible for cross-chain smart contracts where a smart contract can perform different parts on multiple chains, either succeeding or reverting as a whole. This gives excellent possibilities for cross-chain collaborations and we are exploring cross-chain smart contract application scenarios.
Distributed Storage Protocol: NeoFS
NeoFS is a distributed storage protocol that utilizes Distributed Hash Table technology. NeoFS indexes the data through file content (Hash) rather than file path (URI). Large files will be divided into fixed-size data blocks that are distributed and stored in many different nodes
Anti-quantum cryptography mechanism: NeoQS
The emergence of quantum computers poses a major challenge to RSA and ECC-based cryptographic mechanisms. Quantum computers can solve the large number of decomposition problems (which RSA relies on) and the elliptic curve discrete logarithm (which ECC relies on) in a very short time. NeoQS (Quantum Safe) is a lattice-based cryptographic mechanism. At present, quantum computers do not have the ability to quickly solve the Shortest Vector Problem (SVP) and the Closest Vector Problem (CVP), which is considered to be the most reliable algorithm for resisting quantum computers.
Reasons for choosing dBFT over PoW and PoS:
With the phenomenal success of Bitcoin and its increasing mainstream adoption, the project’s unbounded appetite for energy grew accordingly. Today, the average Bitcoin transaction costs as much energy as powering 3.67 average American homes, which amounts to about 3000 times more than a comparable Credit Card settlement.
This mind boggling amount of energy is not, as it is commonly believed, being wasted. It is put to good use: securing the Bitcoin network and rendering attacks on it infeasible. However, the cost of this security mechanism and its implications for an increasingly warming and resource hungry planet led almost the entire crypto industry to the understanding that an alternative has to be found, at least if we’re interested in seeing blockchain technology gaining overwhelming mainstream adoption.
The most popular alternative to PoW, used by most alternative cryptocurrency systems, is called Proof-of-Stake, or PoS. PoS is highly promising in the sense that it doesn’t require blockchain nodes to perform arduous, and otherwise useless, cryptographic tasks in order to render potential attacks costly and infeasible. Hence, this algorithm cuts the power requirements of PoS blockchains down to sane and manageable amounts, allowing them to be more scalable without guzzling up the planet's energy reserves.
As the name suggests, instead of requiring proof of cryptographic work, PoS requires blockchain nodes to proof stake in the currency itself. This means that in order for a blockchain node to be eligible for a verification reward, the node has to hold a certain amount of currency in the wallet associated with it. This way, in order to execute an attack, a malevolent node would have to acquire the majority of the existing coin supply, rendering attacks not only costly but also meaningless, since the attackers would primarily harm themselves.
PoS, as well as PoW, simply cause the blockchain to fork into two alternative versions if for some reason consensus breaks. In fact, most blockchains fork most of the time, only to converge back to a single source of truth a short while afterwards.
By many crypto enthusiasts, this obvious bug is very often regarded as a feature, allowing several versions of the truth to survive and compete for public adoption until a resolution is generated. This sounds nice in theory, but if we want to see blockchain technology seriously disrupt and/or augment the financial sector, this ever lurking possibility of the blockchain splitting into two alternative versions cannot be tolerated.
Furthermore, even the fastest PoS blockchains out there can accomodate a few hundred transactions per second, compare that to Visa’s 56,000 tx/s and the need for an alternative becomes clear as day.
A blockchain securing global stock markets does not have the privilege to fork into two alternative versions and just sit and wait it out until the market (or what’s left of it) declares a winner. What belongs to whom should be engraved in an immutable record, functioning as a single source of truth with no glitches permitted.
After investigating and studying the crypto industry and blockchain technologies for several years, we came to the conclusion that the delegated Byzantine Fault Tolerance alternative (or dBFT) is best suited for such a system. It provides swift transaction verification times, de-incentivises most attack vectors and upholds a single blockchain version with no risk of forks or alternative blockchain records emerging - regardless of how much computing power, or coins an attacker possesses.
The term Byzantine Fault Tolerance (BFT) derives its name from the Byzantine Generals problem in Game Theory and Computer Science, describing the problematic nature of achieving consensus in a distributed system with suboptimal communication between agents which do not necessarily trust each other.
The BFT algorithm arranges the relationship between blockchain nodes in such a way that the network becomes as good as resilient to the Byzantine Generals problem, and allows the system to remain consensus even if some nodes bare malicious intentions or simply malfunction.
To achieve this, Antshare’s version of the delegated BFT (or dBFT) algorithm acknowledges two kinds of players in the blockchain space: professional node operators, called bookkeeping nodes, who run nodes as a source of income, and users who are interested in accessing blockchain advantages. Theoretically, this differentiation does not exist in PoW and most PoS environments, practically, however, most Bitcoin users do not operate miners, which are mostly located in specialized venues run by professionals. At Antshares we understand the importance of this naturally occurring division of labor and use it to provide better security for our blockchain platform.
Accordingly, block verification is achieved through a consensus game held between specialized bookkeeping nodes, which are appointed by ordinary nodes through a form of delegated voting process. In every verification round one of the bookkeeping nodes is pseudo-randomly appointed to broadcast its version of the blockchain to the rest of the network. If ⅔ of the remaining nodes agree with this version, consensus is secured and the blockchain marches on. If less than ⅔ of the network agrees, a different node is appointed to broadcast its version of the truth to the rest of the system, and so forth until consensus is established.
In this way, successful system attacks are almost impossible to execute unless the overwhelming majority of the network is interested in committing financial suicide. Additionally, the system is fork proof, and at every given moment only one version of the truth exists. Without complicated cryptographic puzzles to solve, nodes operate much faster and are able to compete with centralized transaction methods.
https://www.econotimes.com/Blockchain-project-Antshares-explains-reasons-for-choosing-dBFT-over-PoW-and-PoS-659275
OnChain
It is important to note the technical difference between Onchain and NEO. Onchain is a private VC-backed company with over 40 employees. NEO is a public platform with different community-led groups contributing to this public project. There exists NEO council comprised of the original NEO creators, employees from Onchain, full time NEO council members and there is also the first Western based group called City of Zion. This confusion is likely the source of the rumour about Antshares and Alibaba having a connection. Onchain and NEO are separate entities who are intimately related via cross-chain communications and similar designs.
Onchain, a Shanghai-based blockchain R&D company, first started developing Antshares in February of 2014 which will eventually become the foundation of DNA. Onchain was founded by CEO Da HongFei and CTO Erik Zhang in response to the attention from private companies garnered by the development of Antshares, China’s first public blockchain. In contrast to the weeks-old start-ups launching ICOs that is happening currently in the blockchain world, it took them 22 long months of R&D to even begin providing services to their first customers. Finally, in April 2016, the first whitepaper on consensus protocol from China was born — the dBFT (delegated Byzantine Fault Tolerance) protocol.
2016 was a busy year for Onchain and they really picked up the pace that year. Other than continuing the development of Antshares, brushing shoulders with Fortune 500 companies, Onchain became the first Chinese blockchain company to join Hyperledger — an open source blockchain project started by the Linux Foundation specifically focusing on the development of private and consortium chains for businesses. It is here where the Da HongFei and Erik Zhang, entered the hyperbolic time chamber that is now known as Fabric, a platform by Hyperledger for distributed ledger solutions, and has consequently helped them to develop many aspects underpinning the design of DNA.
In June of 2016, during the first of many future partnerships with Microsoft China, Onchain founded Legal Chain specifically targeting the inadequacies of the digital applications within the legal system. In 2005, (Digital Signature Act) was passed into national law which permitted an effective digital signatures to gain the same legal rights as a real signature.
In company with Microsoft China, they are also aiming to integrate the technology with Microsoft’s face and voice recognition API function to kick start this digital revolution within the legal system. At the same time, a partnership was formed with FaDaDa, a third-party platform for electronic contracts that has processed over 27 million contracts to date, to provide secure evidence storage with DNA. If that’s not enough, they were also voted as KPMG’s top 50 Fintech Company in China and established a relationship with the Japanese Ministry of Economy, Trade and Industry which led to the recent tour to Japan. Finally, at the end of 2016 they announced a partnership with Alibaba to provide attested email service for Ali Cloud with Legal Chain where it provides a proof-of-existence for a blockchain-powered email evidence repository for enterprise-level use.
Fosun Group, China’s largest private conglomerate, have recently invested into Onchain in order to apply DNA across all of its businesses. Currently, Fosun International has a market cap of 102.98 billion dollars on the Hong Kong Stock Exchange and that is only its international branch.
The role of Onchain so far is reminiscent of Ethereum’s EEA in addition to a stronger emphasis of governmental cooperation. Onchain has identified the shortcomings of present laser focus of hype on public platforms such as NEO and Ethereum and addressing that with DNA. DNA envisions a future where a network of assorted, specifically designed blockchains serving private enterprises, consortiums, government and the public communicating with each other forming an interconnected blockchain network.
This is the goal of DNA — infiltrating every little inefficient niche that had no better alternatives before the invention of blockchain. What is especially critical to remember during this explosive time of hype driven partly by the obscene degree of greed is that not every little niche that blockchain can fill will be holding its own little ICO for you to “go to the moon on your rocket powered lambos”. Some of those efficiencies gained will simply be consumed by companies privately or by public systems such as the legal system.
https://hackernoon.com/neo-onchain-and-its-ultimate-plan-dna-4c33e9b6bfaa
http://www.onchain.com/
https://github.com/DNAProject/DNA
https://siliconangle.com/blog/2016/10/20/onchain-partners-with-alibaba-for-blockchain-powered-email-evidence-repository/
https://www.reuters.com/article/us-fosun-blockchain/chinas-fosun-invests-in-local-version-of-bitcoin-tech-blockchain-idUSKCN1B30KM
City of Zion (CoZ)
City of Zion (CoZ) is a global community of open source enthusiasts, with the shared goal of helping NEO achieve its full potential. CoZ primarily operates through the community Slack and CoZ Github, central places where the community shares knowledge and contributes to projects.
CoZ is neither a corporation, nor a consulting firm or a devshop / for-hire group.
Members
https://imgur.com/a/Gc9jT
CoZ aims to be low barrier of entry, the process is straightforward:
  1. Join the channel #develop.
  2. Fork or create a project.
  3. Publish as open source.
  4. After a couple of contributions a CoZ council member will invite you to the proper channel for your contributions.
  5. Receive rewards and back to 3.
Unit testing - Ongoing effort to implement code coverage for the core
Integration testing - Tools for automated testing, performance metrics and functionality validation on private test nets
Continuous integration - Automated multi-platform testing of all pull requests at GitHub.
Deployment pipeline - Automated tools and processes to ensure fast and reliable updates upon code changes
New C# implementation (NEO2) - Improve code quality, speed & testability
Roadmap
https://imgur.com/a/4CDhw
dApps competition
https://cityofzion.io/dapps/1
10 prizes of 1350 GAS, with 500 GAS to be used for smart contract deployment. Currently 19 dApps registered. Deadline is 16 of November 11:59 EST.
https://drive.google.com/drive/folders/0B4wu5lNlukwybEstaEJMZ19kbjQ
Traveling
August 8th to August 12th:
From August 8th to August 12th, 2017, the NEO core team, led by founder & CEO Da Hongfei will travel to Japan to explore the forefront of Japan's Blockchain innovation. This trip represents the first in a series of trips around the world with the goal to foster international cooperation's and to keep up with the fast pace in Blockchain innovation. Starting in Japan, the NEO core team will visit famous local Blockchain research institutions and active communities to engage in bilateral communication. NEO will meet with Japanese tech-celebrities to gain insights about the latest developments in the Japanese Blockchain and digital currency community. Additionally, Japanese local tech media will conduct an interview allowing NEO to present its development status and its latest technological innovations.
https://www.reddit.com/NEO/comments/6ry4s9/japan_the_neo_core_team_starts_out_on_an/
https://www.youtube.com/watch?v=SgTQ32CkxlU
https://www.reddit.com/NEO/comments/6ssfx1/neo_meetup_in_tokyo_august_10th_2017_2100h/
19th August, 2017
Blockchain X Series - NEO example applications
20th August, 2017
NEO and Microsoft Azure host a blockchain programming training in Shanghai
23rd August, 2017
INNOxNEO Blockchain Open Nights: 2nd Meeting
24th August, 2017
NEO Meetup in Taipei
https://www.reddit.com/NEO/comments/6wbebneo_taipei_meetup_long_post/
13th September, 2017
INNOxNEO Blockchain Open Nights: 3rd Meeting
14th September, 2017
NEO Shanghai Meetup with NEO team
24th September, 2017
NEO Blockchain Programming Day - Hangzhou Station
27th September, 2017
INNOxNEO Blockchain Open Nights: 4th Meeting
27th September, 2017
First London NEO Developer Meetup!
4th October, 2017
First San Francisco NEO Developer Social!
14th-16th October, 2017
GNOME.Asia Summit 2017, Chongqing, China
21st October, 2017
NEO JOY, Exploring Blockchain application, Nanjing, China
26th October, 2017
Inaugural Global Fintech & Blockchain China Summit 2017
Networks proves itself with the first ICO
ICOs, on other platforms such as Ethereum, often resulted in a sluggish network and transaction delays. While NEO’s dBFT consensus algorithm is designed to achieve consensus with higher efficency and greater network throughputt, no amount of theoretical calculations can simulate the reality of real-life conditions.
--Key Observations--
Smart Contract Invocations:
A total of 13,966 smart contracts invocations were executed on the NEO network over this time period, of which, nearly all called the RPX smart contract method mintTokens. A total of 543,348,500 RPX tokens were successfully minted and transferred to user accounts, totalling 10,097 smart contract executions.
Refunded Invocations:
A total of 4182 refund events were triggered by the smart contract method mintTokens. (Note: RPX has stated that these refunds will be processed within the next two weeks.)
Crowdsale statistics:
A successful mintTokens execution used around 1043 VM operations, while an execution that resulted in a refund used 809 VM operations. Within the hour and six minutes that the token sale was active, a total of 12,296,409 VM operations were executed. A total of 9,575 unique addresses participated in the RPX ICO. Half of these, approximately 4,800 unique addresses, participated through CoZ’s Neon wallet. The top 3 blocks with the most transactions were block 1445025 (3,242 transactions), block 1444902 (2,951 transactions), and block 1444903 (1609 transactions).
Final Thoughts
At the moment, the consensus nodes for the NEO network are operated by the NEO Council in China. By Q1 2018, NEO Council aims to control less than two-thirds of the consensus nodes.
We are pleased to note that the NEO network continuted to operate efficiently with minimal network impact, even under extreme network events. Block generation time initially slowed down to 3 minutes to process the largest block, but quickly recovered to approximately 25 seconds. Throughout the entire RPX ICO, consensus nodes were able to achieve consensus and propagate new block transactions to the rest of the network. In closing, while we consider this performance to be excellent, NEO Council and City of Zion areworking closely together on upgrades, that will increase the throughputs of the NEO network.
Hyperledger
Members and governance of Hyperledger:
Early members of the initiative included blockchain ISVs, (Blockchain, ConsenSys, Digital Asset, R3, Onchain), well-known technology platform companies (Cisco, Fujitsu, Hitachi, IBM, Intel, NEC, NTT DATA, Red Hat, VMware), financial services firms (ABN AMRO, ANZ Bank, BNY Mellon, CLS Group, CME Group, the Depository Trust & Clearing Corporation (DTCC), Deutsche Börse Group, J.P. Morgan, State Street, SWIFT, Wells Fargo), Business Software companies like SAP, Systems integrators and others such as: (Accenture, Calastone, Credits, Guardtime, IntellectEU, Nxt Foundation, Symbiont).
The governing board of the Hyperledger Project consists of twenty members chaired by Blythe Masters, (CEO of Digital Asset), and a twelve-member Technical Steering Committee chaired by Christopher Ferris, CTO of Open Technology at IBM.
http://www.8btc.com/onchain-hyperledger
https://en.wikipedia.org/wiki/Hyperledger
“As a leading open-source contributor in China’s blockchain community, Onchain shares the same values as the Linux Foundation and the Hyperledger project intrinsically. We believe international collaboration plus local experience are key to the adoption of distributed ledger technology in China; we are also very excited to see other Chinese blockchain startups join Hyperledger and look forward to adding our combined expertise to the project.” Da Hongfei, Founder and CEO of Onchain
https://hyperledger.org/testimonials/onchain
Important Articles
Distribution technology DNA framework went through the national block chain standard test On May 16th, the first China block chain development competition in Hangzhou announced that Onchain, became the first through the national standard test block system.
http://www.51cto.com/art/201705/539824.htm?mobile
Da Hongfei and OnChain working relationship with Chinese Government
https://finance.sina.cn/2017-04-13/detail-ifyeifqx5554606.d.html?from=wap
http://www.gz.chinanews.com/content/2017/05-28/73545.shtml
The Chinese government is reportedly preparing to allow the resumption of cryptocurrency trading in the country in the coming months, with the required anti-money laundering (AML) systems and licensing programs in place.
https://coingeek.com/cryptocurrency-trading-poised-to-make-a-return-in-china-report/
Japanese Ministry of Economy, Trade and Industry - Working with OnChain and NEO
http://www.8btc.com/onchain-ribenjingjichanyesheng
Notice NEO will be invited to attend the INNO x Austrade China-Australia chain high-end exchange
AUSTRADE - The Australian Trade and Investment Commission is the official government, education and investment promotion agency of the Australian Government
https://mp.weixin.qq.com/s/LmXnW7MtzOX_fqIo7diU9A
Source for NEO/OnChain Microsoft Cooperation:
http://www.8btc.com/onchain-microsoft
Da Hongfei quotes
"There is no direct cooperation between Alibaba and NEO/Onchain, other than their mailbox service is using Law Chain to provide attested email service. In terms of Microsoft, yes we have cooperation with Microsoft China because NEO is built with C# and .NET Core, and NeoContract is the first in the world to support writing smart contract with C#"
https://www.reddit.com/NEO/comments/6puffo/we_are_da_hongfei_and_erik_zhang_founders_of_neo/dksm5ga/
"We have pretty good communication with government, with regulators. They don't have any negative impression with NEO and they like our technology and the way we deal with things. Regulation is not an issue for us"
https://www.youtube.com/watch?v=qpUdTIQdjVE&feature=youtu.be&t=1m16s
“Before they started cleaning up the market, I was asked for information and suggestions” “I do not expect the government to call me in the short-term and say, ‘Let’s use NEO as the blockchain technology infrastructure of China.’ But in the medium term? Why not? I think it’s possible.”
https://medium.com/@TheCoinEconomy/neo-founder-da-hongfei-advised-china-on-ico-exchange-ban-says-govt-4631b9f7971
-Upcoming Roadmap-
Decentralization of consensus nodes
▪ P2P Network optimization (2017Q4) – Network optimizations to ensure fast block generation after decentralization.
▪ Voting Algorithm Optimization (2017Q4) – Adjustments in voting algorithm to prevent identified attack vectors.
▪ Candidate List Website (2018Q1) – Published list of candidates so that voters know who they are voting for.
▪ NEO Council Consensus Node < 2/3 (2018Q1) – NEO Council shall operate less than two thirds of consensus nodes by the end of quarter 1, 2018.
Universal Data Format for Wallet/Node Prog.
▪ NEP2 – Private Key Encryption/Decryption (2017Q4) - Method for encrypting and encoding a passphrase-protected private key.
▪ NEP3 – Universal Data Format (2017Q4) – Standard data format to allow easier wallet and node programming.
https://neo.org/en-us/blog/details/65
Promotion/Ecosystem
▪ Globally Legal Token-raising Framework (2017Q4) – Following government interest to regulate ICO’s, NEO will complete a framework to raise tokens legally in all major markets by the end of 2017.
▪ NEO DevCon 1 (2017Q4) – First NEO Development Conference! More details at later date.
▪ CoZ Funding (2017Q4) – Continuous funding plan for CoZ covering next 5 years.
▪ Seed Projects (2017Q4) – First seed projects to be cross-invested with the dedicated NEO pool.
https://neo.org/en-us/blog/details/65
https://github.com/neo-project
Repositories - 14
People - 5
Contributors- 12
https://github.com/CityOfZion
Repositories - 35
People - 14
Contributors- 22
https://github.com/DNAProject/DNA
Repositories - 4
Contributors - 17
Donations welcome: ASdNxSa3E8bsxCE9KFKBMm3NA43sYJU9qZ
submitted by NEOcryptotrader to CryptoCurrency [link] [comments]

Free claim phase for bitcoin holders is now live. Instructions, links to the videos, wallets etc.

Step 1: Have BTC in your own wallet (not an exchange) *YESTERDAY* midnight UTC (7 pm EST) at snapshot time. If you didn't, stop reading, you can't get free hex.
Step 2: Use a proxy or VPN if you want.
Step 3: Install metamask (metamask.io) - Richard's instructions: youtu.be/EVSvNQ_zXH8 You'll need metamask because it supports functions needed by the hex wallet.
Step 4: Have a few cents worth of ETH in the wallet, enough to cover the transaction fees - about 0.0005 ETH per transaction should be good.
Step 5: Use a referral link. Here's mine: https://hex.win/?r=0x4892D3053638BB221f202da6B93259a4d959a9Cb This saves a cookie that gives you +10% hex
Step 6: Go to the wallet at go.hex.win using the same browser and follow the instructions on this video also by Richard: youtu.be/LHbGPfhn3D8
That video uses electrum as an example. You can find specific instructions for other wallets here: www.youtube.com/channel/UCrOiVDRuu8IXEnmLvtALLXA
If you are claiming multiple bitcoin addresses and you don't want them associated with each other some have suggested claiming each to a separate ETH address. To create another ETH address in metamask click on the metamask fox icon, then click the circular icon on the upper right and click create account.
If you don't want to stake the last 10% you can sell them at bidesk.com
submitted by starXmagus to HEXcrypto [link] [comments]

My growing collection of info about NEO Vol. 2

It can be very time consuming to keep up to date on a single blockchain. If you just heard about NEO a few weeks ago it would be impossible catch up on past occurrences. I’m going to try and simplify the past, present and future as much as I can into one well thought-out post.
 
I made the first Volume around 6 weeks ago
https://www.reddit.com/CryptoCurrency/comments/75mul5/my_growing_collection_of_info_about_neo/
 
I felt it was time for an update since so much has happened.
If you want the up to date version in between Vol updates visit NEO and its located on the #3 top post of all time.
[Note: This Post is at max characters (40,000), some information will be left out]
 
https://imgur.com/a/NBI7S (img for mobile backround)
 

NEO dApps / Partnerships / ICO's

https://neo.org/dapps
 
Red Pulse $RPX (ICO Completed)
A next generation intelligence and content ecosystem for China markets
https://coin.red-pulse.com/
 
Neon Exchange $NEX (Upcoming ICO on NEO) (strategic collaboration with NEO)
NEX is a platform for complex decentralized cryptographic trade and payment service creation
https://twitter.com/neonexchange
https://neonexchange.org/
https://neonexchange.org/pdfs/whitepaper_v1.1.pdf
 
Elastos $ELA (strategic collaboration with NEO)
Blockchain Driven Internet
NEO will make itself compatible with Elastos, and Elastos will also support NEOVM, and allow the writing of smart contracts with established languages, such as C# and Java. Elastos will be an OS for the Blockchain, and NEO can help developers quickly create Blockchain applications. The combination of the two could connect different developers from around the world, forming a strong ecosystem for application development―all to better serve a Smart Economy.
http://www.elastos.org/
https://twitter.com/ElastosI
https://www.reddit.com/NEO/comments/6r1a6f/neo_and_elastos_reaching_strategic_collaboration/
 
Ontology $ONT (Partnership with NEO)
Ontology Network (ONT) is a blockchain/distributed ledger network which combines distributed identity verification, data exchange, data collaboration, procedure protocols, communities, attestation, and various industry-specific modules. Together this builds the infrastructure for a peer-to-peer trust network which is cross-chain, cross-system, cross-industry, cross-application, and cross-device.
 
NEO will be the primary digital assets service provider for clearing and settlement on Ontology. There is no contract between Ontology and NEO now, though Ontology and NEO already have an established partnership. One thing on the roadmap is that in the future business scenarios on Ontology want to hold ICOs they will be able to on NEO.
https://ont.io/#/home
https://www.reddit.com/NEO/comments/7f8bvb/ontology_network_ama_answers/
https://www.youtube.com/watch?v=lPWwcgpc3P0
https://twitter.com/OntologyNetwork?lang=en
https://imgur.com/a/Emo4Q
 
The Key $TKY (Upcoming ICO ) (strategic cooperation with NEO)
THEKEY is a Decentralized Ecosystem of Identity Verification Tool Using National Big-data and Blockchain. THEKEY team is now developing second generation on-line identify verification technology. NEO Smart Economy = Digital Asset + Smart Contract + Digital Identity, while digital identity is an indispensable element. With NEO technical support, the strategic corporation between THEKEY and NEO will provide better protection to your digital asset.
https://www.thekey.vip/
https://www.reddit.com/NEO/comments/7areac/ama_on_9th_nov_thekey_a_decentralized_ecosystem/
 
Qlink $QLC (Partnership with NEO) (Multi-chain) (Upcoming ICO on NEO)
World’s First Decentralized Mobile Network
Qlink, a decentralized mobile network, is dedicated to constructing an open-source telecom infrastructure on blockchain.
https://twitter.com/QlinkMobi
https://www.qlink.mobi/f/qlink
https://neonewstoday.com/general/qlink-partner-with-neo/
 
PeerAtlas $ATLAS (Upcoming ICO on NEO)
ATLAS: A Digital Token Supporting an Open-Source Medical Encyclopedia
http://www.peeratlas.com/
http://www.peeratlas.com/whitepaper.pdf
https://neonewstoday.com/interviews/peeratlas-q-a-colin-closse
 
High Performance Blockchain $HPB (ICO Completed)
HPB is a new blockchain architecture, positioned as an easy-to-use, highperformance blockchain platform. It aims to extend the performance of distributed applications to meet real world business needs. This is achieved by creating an architecture similar to an API operating system. The software architecture provides accounts, identity and authorization management, policy management, databases, and asynchronous communication on thousands of CPUs, FPGAs or clustered program schedulers. This blockchain is a new architecture that can support millions of transactions per second and support authorizations within seconds.
http://www.gxn.io/en.html
http://www.gxn.io/files/hpb_white_paper_en.pdf
https://www.allcoin.com/markets/HPB-BTC/0/
 
Aphelion $APH (ICO In Progress)
A Revolutionary Decentralized P2P Exchange Solution
https://aphelion.org/
https://aphelion.org/wp.html
https://github.com/Aphelion
 
Zeepin $ZPT (Crowd sale will start Jan 18, 2018) (Upcoming ICO on NEO)
The Distributed Creative New Economy.
Zeepin, a decentralized innovation community, is dedicated to promoting highly efficient circulation of innovation assets.
https://www.zeepin.io/
https://www.zeepin.io/Whitepaper_En_v1.0.pdf
https://github.com/zeepin
https://www.reddit.com/NEO/comments/7f94vs/ama_from_today_nov_24th_zeepin_the_distributed/
 
Stokit (Upcoming ICO on NEO)
Decentralized cloud storage
https://stokit.io/
Whitepaper release: 30th of November 2017
 
Universal Health Coin (Upcoming ICO on NEO )
http://www.universalhealthcoin.com/
 
AdEx (dApp built on NEO)
http://adex.network/
https://twitter.com/AdEx_Network/status/897529249661423616
 
 
Alphacat
More Information to come soon after Video is released from the Meetup
https://www.meetup.com/de-DE/Onchains-Blockchain-Project-Launch-NEO-Ecosystem-Sharing/events/245101761/
 
DeepBrain
More Information to come soon after Video is released from the Meetup
https://www.meetup.com/de-DE/Onchains-Blockchain-Project-Launch-NEO-Ecosystem-Sharing/events/245101761/
 
 

City of Zion (CoZ)

https://cityofzion.io/
https://medium.com/@cityofzion
https://medium.com/proof-of-working
https://steemit.com/@canesin
 
City of Zion (CoZ) is an independent group of open source developers, designers and translators formed to support the NEO BlockChain core and ecosystem.
CoZ primarily operates through the community Slack and CoZ Github, central places where the community shares knowledge and contributes to projects.
CoZ is neither a corporation, nor a consulting firm or a devshop / for-hire group.
Members
https://imgur.com/a/Gc9jT
CoZ aims to be low barrier of entry, the process is straightforward:
  1. Join the channel #develop.
  2. Fork or create a project.
  3. Publish as open source.
  4. After a couple of contributions a CoZ council member will invite you to the proper channel for your contributions.
  5. Receive rewards and back to 3.
Unit testing - Ongoing effort to implement code coverage for the core
Integration testing - Tools for automated testing, performance metrics and functionality validation on private test nets
Continuous integration - Automated multi-platform testing of all pull requests at GitHub.
Deployment pipeline - Automated tools and processes to ensure fast and reliable updates upon code changes
New C# implementation (NEO2) - Improve code quality, speed & testability
 
Roadmap
https://imgur.com/a/4CDhw
 
dApps competition
https://cityofzion.io/dapps/1
10 prizes of 1350 GAS, with 500 GAS to be used for smart contract deployment.
Deadline was the 16 of November 11:59 EST.
http://cityofzion.io/dapps/1 (Check out page to view websites / Githubs)
1st: NEO Smart IoT
2nd: imusify
3rd: Chain Line
4th: BlockAuth
5th: Phantasma
6th: NeoTrade
7th: Turing Complete Smart Contract
8th: KRYPTON
9th: Switcheo
10th: TripShares
https://drive.google.com/drive/folders/0B4wu5lNlukwybEstaEJMZ19kbjQ
 

NEO and Microsoft China Dev Competition

 

Competition Rules

  1. The competition will open on November 20, 2017 and close at 11:59 PM Beijing time (GMT+8), March 10, 2018. Please sign up and submit your work before the deadline.
  2. Participants are required to develop on the NEO blockchain. Please refer to github.com/neo-project and docs.neo.org for relevant codes and technical documents.
  3. During the competition, developers are free to collaborate and to submit their work as a team.
  4. Teams or individuals who fail to submit their work before 11:59 PM Beijing time (GMT+8), March 10, 2018 will not be eligible for prizes.
  5. Your submission must contain executable programs and codes.
 
$150,000 First prize(1 team)
$50,000 Second prize(2 teams)
$30,000 Third prize(3 teams)
$15,000 Award of merit(10 teams)
 
A judging panel made up of NEO founder Da Hongfei,NEO Founder & Core Developer Erik Zhang, CoZ founder Fabio, Elastos founder Chen Rong,ONT Founder Li Jun and experts from Microsoft China will select 16 winners out of all the contestants for a bounty pool worth a total of USD 490,000.
 
Total sign-ups :194 Data collected as of 2017/11/28
 
Country Sign-ups
China 48
USA 31
India 12
Norway 7
France 6
Other 90
 
https://neo.org/competition.html
 
 

ICO Firm

 
Projectico
A service that helps others launch a token sale if it is right for their cause and will be using NEO in most instances going forward. We have created a foundation that is bringing compliance and trust to the marketplace for ICOs and allowing international people to still participate.
https://www.projectico.io/
https://www.reddit.com/NEO/comments/7dd3s0/ama_on_20_nov_projectico_a_us_based_turnkey_token/
 
 

Key notes from the White Paper

http://docs.neo.org/en-us/
 
Digital Assets
Digital assets are programmable assets that exist in the form of electronic data. With blockchain technology, the digitization of assets can be decentralized, trustful, traceable, highly transparent, and free of intermediaries.
 
Digital Identity
Digital identity refers to the identity information of individuals, organizations, and other entities that exist in electronic form.
Our verification of identity when issuing or using digital identities includes the use of facial features, fingerprint, voice, SMS and other multi-factor authentication methods.
 
Smart Contracts
The NeoContract smart contract system is the biggest feature of the seamless integration of the existing developer ecosystem. Developers do not need to learn a new programming language but use C#, Java and other mainstream programming languages in their familiar IDE environments (Visual Studio, Eclipse, etc.) for smart contract development, debugging and compilation. NEO's Universal Lightweight Virtual Machine, NeoVM, has the advantages of high certainty, high concurrency, and high scalability. The NeoContract smart contract system will allow millions of developers around the world to quickly carry out the development of smart contracts.
 
Economic Model
NEO has two native tokens, NEOand NeoGas NEO represents the right to manage the network. Management rights include voting for bookkeeping, NEO network parameter changes, and so on. The minimum unit of NEO is 1 and tokens cannot be subdivided. GAS is the fuel token for the realization of NEO network resource control. The NEO network charges for the operation and storage of tokens and smart contracts, thereby creating economic incentives for bookkeepers and preventing the abuse of resources. The minimum unit of GAS is 0.00000001.
 
Distribution Mechanism
NEO's 100 million tokens are divided into two portions. The first portion is 50 million tokens distributed proportionally to supporters of NEO during the crowdfunding. This portion has been distributed.
The second portion is 50 million NEO managed by the NEO Council to support NEO's long-term development, operation and maintenance and ecosystem. The NEO in this portion has a lockout period of 1 year and is unlocked only after October 16, 2017. This portion will NOT enter the exchanges and is only for long-term support of NEO projects. The plans for it are as below:
▪ 10 million tokens (10% total) will be used to motivate NEO developers and members of the NEO Council
▪ 10 million tokens (10% total) will be used to motivate developers in the NEO ecosystem
▪ 15 million tokens (15% total) will be used to cross-invest in other block-chain projects, which are owned by the NEO Council and are used only for NEO projects
▪ 15 million (15% total) will be retained as contingency
▪ The annual use of NEO in principle shall NOT exceed 15 million tokens
 
GAS distribution
GAS is generated with each new block. The initial total amount of GAS is zero. With the increasing rate of new block generation, the total limit of 100 million GAS will be achieved in about 22 years. The interval between each block is about 15-20 seconds, and 2 million blocks are generated in about one year. According to this release curve, 16% of the GAS will be created in the first year, 52% of the GAS will be created in the first four years, and 80% of the GAS will be created in the first 12 years. GAS will be distributed proportionally in accordance with the NEO holding ratio, recorded in the corresponding addresses. NEO holders can initiate a claim transaction at any time and claim these GAS tokens at their holding addresses.
 
Consensus mechanism: dBFT
The dBFT is called the Delegated Byzantine Fault Tolerant, a Byzantine fault-tolerant consensus mechanism that enables large-scale participation in consensus through proxy voting. The holder of the NEO token can, by voting, pick the bookkeeper it supports. The selected group of bookkeepers, through BFT algorithm, reach a consensus and generate new blocks. Voting in the NEO network continues in real time, rather than in accordance with a fixed term.
 
Cross-chain assets exchange agreement
NeoX has been extended on existing double-stranded atomic assets exchange protocols to allow multiple participants to exchange assets across different chains and to ensure that all steps in the entire transaction process succeed or fail together. In order to achieve this function, we need to use NeoContract function to create a contract account for each participant. If other blockchains are not compatible with NeoContract, they can be compatible with NeoX as long as they can provide simple smart contract functionality.
 
Cross-chain distributed transaction protocol
Cross-chain distributed transactions mean that multiple steps of a transaction are scattered across different blockchains and that the consistency of the entire transaction is ensured. This is an extension of cross-chain assets exchange, extending the behavior of assets exchange into arbitrary behavior. In layman's terms, NeoX makes it possible for cross-chain smart contracts where a smart contract can perform different parts on multiple chains, either succeeding or reverting as a whole. This gives excellent possibilities for cross-chain collaborations and we are exploring cross-chain smart contract application scenarios.
 
Distributed Storage Protocol: NeoFS
NeoFS is a distributed storage protocol that utilizes Distributed Hash Table technology. NeoFS indexes the data through file content (Hash) rather than file path (URI). Large files will be divided into fixed-size data blocks that are distributed and stored in many different nodes
 
Anti-quantum cryptography mechanism: NeoQS
The emergence of quantum computers poses a major challenge to RSA and ECC-based cryptographic mechanisms. Quantum computers can solve the large number of decomposition problems (which RSA relies on) and the elliptic curve discrete logarithm (which ECC relies on) in a very short time. NeoQS (Quantum Safe) is a lattice-based cryptographic mechanism.
 

Reasons for choosing dBFT over PoW and PoS

 
With the phenomenal success of Bitcoin and its increasing mainstream adoption, the project’s unbounded appetite for energy grew accordingly. Today, the average Bitcoin transaction costs as much energy as powering 9.3 average American homes for 1 day.
https://digiconomist.net/bitcoin-energy-consumption#assumptions
This mind boggling amount of energy is not, as it is commonly believed, being wasted. It is put to good use: securing the Bitcoin network and rendering attacks on it infeasible. However, the cost of this security mechanism and its implications for an increasingly warming and resource hungry planet led almost the entire crypto industry to the understanding that an alternative has to be found, at least if we’re interested in seeing blockchain technology gaining overwhelming mainstream adoption.
The most popular alternative to PoW, used by most alternative cryptocurrency systems, is called Proof-of-Stake, or PoS. PoS is highly promising in the sense that it doesn’t require blockchain nodes to perform arduous, and otherwise useless, cryptographic tasks in order to render potential attacks costly and infeasible. Hence, this algorithm cuts the power requirements of PoS blockchains down to sane and manageable amounts, allowing them to be more scalable without guzzling up the planet's energy reserves.
As the name suggests, instead of requiring proof of cryptographic work, PoS requires blockchain nodes to proof stake in the currency itself. This means that in order for a blockchain node to be eligible for a verification reward, the node has to hold a certain amount of currency in the wallet associated with it. This way, in order to execute an attack, a malevolent node would have to acquire the majority of the existing coin supply, rendering attacks not only costly but also meaningless, since the attackers would primarily harm themselves.
PoS, as well as PoW, simply cause the blockchain to fork into two alternative versions if for some reason consensus breaks. In fact, most blockchains fork most of the time, only to converge back to a single source of truth a short while afterwards.
By many crypto enthusiasts, this obvious bug is very often regarded as a feature, allowing several versions of the truth to survive and compete for public adoption until a resolution is generated. This sounds nice in theory, but if we want to see blockchain technology seriously disrupt and/or augment the financial sector, this ever lurking possibility of the blockchain splitting into two alternative versions cannot be tolerated.
Furthermore, even the fastest PoS blockchains out there can accomodate a few hundred transactions per second, compare that to Visa’s 56,000 tx/s and the need for an alternative becomes clear as day.
A blockchain securing global stock markets does not have the privilege to fork into two alternative versions and just sit and wait it out until the market (or what’s left of it) declares a winner. What belongs to whom should be engraved in an immutable record, functioning as a single source of truth with no glitches permitted.
After investigating and studying the crypto industry and blockchain technologies for several years, we came to the conclusion that the delegated Byzantine Fault Tolerance alternative (or dBFT) is best suited for such a system. It provides swift transaction verification times, de-incentivises most attack vectors and upholds a single blockchain version with no risk of forks or alternative blockchain records emerging - regardless of how much computing power, or coins an attacker possesses.
The term Byzantine Fault Tolerance (BFT) derives its name from the Byzantine Generals problem in Game Theory and Computer Science, describing the problematic nature of achieving consensus in a distributed system with suboptimal communication between agents which do not necessarily trust each other.
The BFT algorithm arranges the relationship between blockchain nodes in such a way that the network becomes as good as resilient to the Byzantine Generals problem, and allows the system to remain consensus even if some nodes bare malicious intentions or simply malfunction.
To achieve this, Antshare’s version of the delegated BFT (or dBFT) algorithm acknowledges two kinds of players in the blockchain space: professional node operators, called bookkeeping nodes, who run nodes as a source of income, and users who are interested in accessing blockchain advantages. Theoretically, this differentiation does not exist in PoW and most PoS environments, practically, however, most Bitcoin users do not operate miners, which are mostly located in specialized venues run by professionals. At Antshares we understand the importance of this naturally occurring division of labor and use it to provide better security for our blockchain platform.
Accordingly, block verification is achieved through a consensus game held between specialized bookkeeping nodes, which are appointed by ordinary nodes through a form of delegated voting process. In every verification round one of the bookkeeping nodes is pseudo-randomly appointed to broadcast its version of the blockchain to the rest of the network. If ⅔ of the remaining nodes agree with this version, consensus is secured and the blockchain marches on. If less than ⅔ of the network agrees, a different node is appointed to broadcast its version of the truth to the rest of the system, and so forth until consensus is established.
In this way, successful system attacks are almost impossible to execute unless the overwhelming majority of the network is interested in committing financial suicide. Additionally, the system is fork proof, and at every given moment only one version of the truth exists. Without complicated cryptographic puzzles to solve, nodes operate much faster and are able to compete with centralized transaction methods.
https://www.econotimes.com/Blockchain-project-Antshares-explains-reasons-for-choosing-dBFT-over-PoW-and-PoS-659275
 

OnChain

 
It is important to note the technical difference between Onchain and NEO. Onchain is a private VC-backed company with over 40 employees. NEO is a public platform with different community-led groups contributing to this public project. There exists NEO council comprised of the original NEO creators, employees from Onchain, full time NEO council members and there is also the first Western based group called City of Zion.
Onchain, a Shanghai-based blockchain R&D company, first started developing Antshares in February of 2014 which will eventually become the foundation of DNA. Onchain was founded by CEO Da HongFei and CTO Erik Zhang in response to the attention from private companies garnered by the development of Antshares, China’s first public blockchain. In contrast to the weeks-old start-ups launching ICOs that is happening currently in the blockchain world, it took them 22 long months of R&D to even begin providing services to their first customers. Finally, in April 2016, the first whitepaper on consensus protocol from China was born — the dBFT (delegated Byzantine Fault Tolerance) protocol.
2016 was a busy year for Onchain and they really picked up the pace that year. Other than continuing the development of Antshares, brushing shoulders with Fortune 500 companies, Onchain became the first Chinese blockchain company to join Hyperledger — an open source blockchain project started by the Linux Foundation specifically focusing on the development of private and consortium chains for businesses.
In June of 2016, during the first of many future partnerships with Microsoft China, Onchain founded Legal Chain specifically targeting the inadequacies of the digital applications within the legal system. In 2005, (Digital Signature Act) was passed into national law which permitted an effective digital signatures to gain the same legal rights as a real signature.
In company with Microsoft China, they are also aiming to integrate the technology with Microsoft’s face and voice recognition API function to kick start this digital revolution within the legal system. At the same time, a partnership was formed with FaDaDa, a third-party platform for electronic contracts that has processed over 27 million contracts to date, to provide secure evidence storage with DNA. If that’s not enough, they were also voted as KPMG’s top 50 Fintech Company in China and established a relationship with the Japanese Ministry of Economy, Trade and Industry which led to the recent tour to Japan. Finally, at the end of 2016 they announced a partnership with Alibaba to provide attested email service for Ali Cloud with Legal Chain where it provides a proof-of-existence for a blockchain-powered email evidence repository for enterprise-level use.
Fosun Group, China’s largest private conglomerate, have recently invested into Onchain in order to apply DNA across all of its businesses. Currently, Fosun International has a market cap of 102.98 billion dollars on the Hong Kong Stock Exchange and that is only its international branch.
The role of Onchain so far is reminiscent of Ethereum’s EEA in addition to a stronger emphasis of governmental cooperation. Onchain has identified the shortcomings of present laser focus of hype on public platforms such as NEO and Ethereum and addressing that with DNA. DNA envisions a future where a network of assorted, specifically designed blockchains serving private enterprises, consortiums, government and the public communicating with each other forming an interconnected blockchain network.
This is the goal of DNA — infiltrating every little inefficient niche that had no better alternatives before the invention of blockchain. What is especially critical to remember during this explosive time of hype driven partly by the obscene degree of greed is that not every little niche that blockchain can fill will be holding its own little ICO. Some of those efficiencies gained will simply be consumed by companies privately or by public systems such as the legal system.
 
https://hackernoon.com/neo-onchain-and-its-ultimate-plan-dna-4c33e9b6bfaa
http://www.onchain.com/
https://github.com/DNAProject/DNA
https://siliconangle.com/blog/2016/10/20/onchain-partners-with-alibaba-for-blockchain-powered-email-evidence-repository/
https://www.reuters.com/article/us-fosun-blockchain/chinas-fosun-invests-in-local-version-of-bitcoin-tech-blockchain-idUSKCN1B30KM
 

Traveling

 
August 8th to August 12th
From August 8th to August 12th, 2017, the NEO core team, led by founder & CEO Da Hongfei will travel to Japan to explore the forefront of Japan's Blockchain innovation. This trip represents the first in a series of trips around the world with the goal to foster international cooperation's and to keep up with the fast pace in Blockchain innovation. Starting in Japan, the NEO core team will visit famous local Blockchain research institutions and active communities to engage in bilateral communication. NEO will meet with Japanese tech-celebrities to gain insights about the latest developments in the Japanese Blockchain and digital currency community. Additionally, Japanese local tech media will conduct an interview allowing NEO to present its development status and its latest technological innovations.
 
https://www.reddit.com/NEO/comments/6ry4s9/japan_the_neo_core_team_starts_out_on_an/
https://www.youtube.com/watch?v=SgTQ32CkxlU
https://www.reddit.com/NEO/comments/6ssfx1/neo_meetup_in_tokyo_august_10th_2017_2100h/
 
19th August, 2017
Blockchain X Series - NEO example applications
 
20th August, 2017
NEO and Microsoft Azure host a blockchain programming training in Shanghai
 
23rd August, 2017
INNOxNEO Blockchain Open Nights: 2nd Meeting
 
24th August, 2017
NEO Meetup in Taipei
 
13th September, 2017
INNOxNEO Blockchain Open Nights: 3rd Meeting
 
14th September, 2017
NEO Shanghai Meetup with NEO team
 
24th September, 2017
NEO Blockchain Programming Day - Hangzhou Station
 
27th September, 2017
INNOxNEO Blockchain Open Nights: 4th Meeting
 
27th September, 2017
First London NEO Developer Meetup!
 
4th October, 2017
First San Francisco NEO Developer Social!
 
14th-16th October, 2017
GNOME.Asia Summit 2017, Chongqing, China
 
21st October, 2017
NEO JOY, Exploring Blockchain application, Nanjing, China
 
26th October, 2017
Inaugural Global Fintech & Blockchain China Summit 2017
 
28th October, 2017
NEO meetup in Seoul, Korea:
 
28th October, 2017
NEO Blockchain Programming Day - Beijing Railway Station:
 
November 12th, 2017
NEO JOY in Hangzhou: Considerations on Basic Service Facilities in Blockchains:
 
November 18th - 19th, 2017
NEO attending China open source conference 2017:
 
November 21st, 2017
NEO attending swissnex China in Shanghai:
 
November 27th, 2017
ONCHAIN meetup NYC, Onchain's Blockchain Project Launch + NEO Ecosystem Sharing Session
 
November 27th, 2017
China&USA NEO blockchain meetup in Manhattan NYC
 
November 30th, 2017
Meetup San Francisco: The Future Of Blockchain With The Founders of NEO, Elastos, & Stellar
 
December 4th, 2017
NEO attending Blockchain World Conference in Bangkok:
 
December 7th, 2017
NEO meetup Singapore:
 
December 13th, 2017
NEO meetup at Cambridge:
 

Networks proves itself with the first ICO

 
ICOs, on other platforms such as Ethereum, often resulted in a sluggish network and transaction delays. While NEO’s dBFT consensus algorithm is designed to achieve consensus with higher efficency and greater network throughputt, no amount of theoretical calculations can simulate the reality of real-life conditions.
 

Key Observations

 
Smart Contract Invocations:
A total of 13,966 smart contracts invocations were executed on the NEO network over this time period, of which, nearly all called the RPX smart contract method mintTokens. A total of 543,348,500 RPX tokens were successfully minted and transferred to user accounts, totalling 10,097 smart contract executions.
 
Refunded Invocations:
A total of 4182 refund events were triggered by the smart contract method mintTokens. (Note: RPX has stated that these refunds will be processed within the next two weeks.)
 
Crowdsale Statistics:
A successful mintTokens execution used around 1043 VM operations, while an execution that resulted in a refund used 809 VM operations. Within the hour and six minutes that the token sale was active, a total of 12,296,409 VM operations were executed. A total of 9,575 unique addresses participated in the RPX ICO. Half of these, approximately 4,800 unique addresses, participated through CoZ’s Neon wallet. The top 3 blocks with the most transactions were block 1445025 (3,242 transactions), block 1444902 (2,951 transactions), and block 1444903 (1609 transactions).
 
Conclusion on Network Performance
At the moment, the consensus nodes for the NEO network are operated by the NEO Council in China. By Q1 2018, NEO Council aims to control less than two-thirds of the consensus nodes.
We are pleased to note that the NEO network continuted to operate efficiently with minimal network impact, even under extreme network events. Block generation time initially slowed down to 3 minutes to process the largest block, but quickly recovered to approximately 25 seconds. Throughout the entire RPX ICO, consensus nodes were able to achieve consensus and propagate new block transactions to the rest of the network. In closing, while we consider this performance to be excellent, NEO Council and City of Zion areworking closely together on upgrades, that will increase the throughputs of the NEO network.
 

Hyperledger

 
Members and governance of Hyperledger:
Early members of the initiative included blockchain ISVs, (Blockchain, ConsenSys, Digital Asset, R3, Onchain), well-known technology platform companies (Cisco, Fujitsu, Hitachi, IBM, Intel, NEC, NTT DATA, Red Hat, VMware), financial services firms (ABN AMRO, ANZ Bank, BNY Mellon, CLS Group, CME Group, the Depository Trust & Clearing Corporation (DTCC), Deutsche Börse Group, J.P. Morgan, State Street, SWIFT, Wells Fargo), Business Software companies like SAP, Systems integrators and others such as: (Accenture, Calastone, Credits, Guardtime, IntellectEU, Nxt Foundation, Symbiont).
The governing board of the Hyperledger Project consists of twenty members chaired by Blythe Masters, (CEO of Digital Asset), and a twelve-member Technical Steering Committee chaired by Christopher Ferris, CTO of Open Technology at IBM.
http://www.8btc.com/onchain-hyperledger
https://en.wikipedia.org/wiki/Hyperledger
 
“As a leading open-source contributor in China’s blockchain community, Onchain shares the same values as the Linux Foundation and the Hyperledger project intrinsically. We believe international collaboration plus local experience are key to the adoption of distributed ledger technology in China; we are also very excited to see other Chinese blockchain startups join Hyperledger and look forward to adding our combined expertise to the project.” Da Hongfei, Founder and CEO of Onchain
https://hyperledger.org/testimonials/onchain
 

Important Articles

 
Response to baseless FUD
https://medium.com/@MalcolmLerideresponse-to-baseless-fud-9b7e5e2eeeea
 
Distribution technology DNA framework went through the national block chain standard test On May 16th, the first China block chain development competition in Hangzhou announced that Onchain, became the first through the national standard test block system.
http://www.51cto.com/art/201705/539824.htm?mobile
 
Da Hongfei and OnChain working relationship with Chinese Government
https://finance.sina.cn/2017-04-13/detail-ifyeifqx5554606.d.html?from=wap
http://www.gz.chinanews.com/content/2017/05-28/73545.shtml
 
The Chinese government is reportedly preparing to allow the resumption of cryptocurrency trading in the country in the coming months, with the required anti-money laundering (AML) systems and licensing programs in place.
https://coingeek.com/cryptocurrency-trading-poised-to-make-a-return-in-china-report/
 
Japanese Ministry of Economy, Trade and Industry - Working with OnChain and NEO
http://www.8btc.com/onchain-ribenjingjichanyesheng
 
Notice NEO will be invited to attend the INNO x Austrade China-Australia chain high-end exchange
AUSTRADE - The Australian Trade and Investment Commission is the official government, education and investment promotion agency of the Australian Government
https://mp.weixin.qq.com/s/LmXnW7MtzOX_fqIo7diU9A
 
Source for NEO/OnChain Microsoft Cooperation:
http://www.8btc.com/onchain-microsoft
 

Da Hongfei quotes

 
"There is no direct cooperation between Alibaba and NEO/Onchain, other than their mailbox service is using Law Chain to provide attested email service. In terms of Microsoft, yes we have cooperation with Microsoft China because NEO is built with C# and .NET Core, and NeoContract is the first in the world to support writing smart contract with C#"
https://www.reddit.com/NEO/comments/6puffo/we_are_da_hongfei_and_erik_zhang_founders_of_neo/dksm5ga/
 
"We have pretty good communication with government, with regulators. They don't have any negative impression with NEO and they like our technology and the way we deal with things. Regulation is not an issue for us"
https://www.youtube.com/watch?v=qpUdTIQdjVE&feature=youtu.be&t=1m16s
 
“Before they started cleaning up the market, I was asked for information and suggestions” “I do not expect the government to call me in the short-term and say, ‘Let’s use NEO as the blockchain technology infrastructure of China.’ But in the medium term? Why not? I think it’s possible.”
https://medium.com/@TheCoinEconomy/neo-founder-da-hongfei-advised-china-on-ico-exchange-ban-says-govt-4631b9f7971
 

Upcoming Roadmap

 
Decentralization of consensus nodes
▪ P2P Network optimization – Network optimizations to ensure fast block generation after decentralization.
▪ Voting Algorithm Optimization – Adjustments in voting algorithm to prevent identified attack vectors.
▪ Candidate List Website – Published list of candidates so that voters know who they are voting for.
▪ NEO Council Consensus Node < 2/3 – NEO Council shall operate less than two thirds of consensus nodes by the end of quarter 1, 2018.
 
Our original plan was to start decentralize in Q1 2018. We are however growing faster than expected and cannot accept the risk with being as centralized as we currently are. The conclusion is that we re-prioritize and start the process of decentralizing today. We believe that NEO community groups and exchanges will be suitable to run consensus nodes; community groups already know the technology, and exchanges are already running full nodes with high uptime and monitoring. We welcome interested parties to reach out to us on [email protected]. A NEP to encourage voting will be presented in the coming weeks.
https://neo.org/blog/Details/3016
 
Universal Data Format for Wallet/Node Prog.
▪ NEP2 – Private Key Encryption/Decryption (2017Q4) - Method for encrypting and encoding a passphrase-protected private key.
▪ NEP3 – Universal Data Format (2017Q4) – Standard data format to allow easier wallet and node programming.
https://neo.org/en-us/blog/details/65
 
Promotion/Ecosystem
▪ Globally Legal Token-raising Framework (2017Q4) – Following government interest to regulate ICO’s, NEO will complete a framework to raise tokens legally in all major markets by the end of 2017.
▪ NEO DevCon 1 (2017Q4) – First NEO Development Conference! More details at later date.
▪ CoZ Funding (2017Q4) – Continuous funding plan for CoZ covering next 5 years.
▪ Seed Projects (2017Q4) – First seed projects to be cross-invested with the dedicated NEO pool.
https://neo.org/en-us/blog/details/65
 

NEO Github

https://github.com/neo-project
 
NEO Smart Economy https://github.com/neo-project/neo
1.2k Stars
383 Forks
327 commits
17 contributors
 
neo-gui https://github.com/neo-project/neo-gui
 
examples-csharp https://github.com/neo-project/examples-csharp
 
proposals https://github.com/neo-project/proposals
 
 

CityOfZion Github

https://github.com/CityOfZion
 
awesome-neo https://github.com/CityOfZion/awesome-neo
A curated list of awesome NEO libraries, applications and resources.
14 contributors
 
neon-wallet https://github.com/CityOfZion/neon-wallet
380 Stars
118 Forks
392 commits
29 contributors
 

DNAProject Github

https://github.com/DNAProject/DNA
 
NEO/GAS Donations welcome: ASdNxSa3E8bsxCE9KFKBMm3NA43sYJU9qZ
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