May 2017 (IV)
Here’s some of the latest news about Nxt over this past week in May:
- Jelurida – Blockchain Expo Europe 2017
- Janus – Introducing Alphonso Morris Jr
- Adel – 20% Extra Bonus For The ICO Contributors
- Ardor – Bundler Example
- Jelurida – Ignis ICO
- Shuffling – ARDR Assets
- Jobs offer – Java / Blockchain Developers and Senior Blockchain Engineer
- Nxter Magazine – 2000 Followers on Twitter and 450 Newsletter Subscribers
NXT IN THE MEDIA
Here below are more details about each of these:
Jelurida – Blockchain Expo Europe 2017
Jean-Luc, Nxt and Ardor core developer, has announced that Kristina Kalcheva and Tomislav Gountchev, both members of Jelurida, will be attending the Blockchain Expo Europe 2017 event, which will take place on the 1st and 2nd of June in Berlin. This event will be focused on learning and building partnerships in the emerging blockchain space and will explore the industries that are set to be disrupted the most by this new technology. These include: legal sectors, financial services, healthcare, insurance, energy, music, government, real estate, and numerous others.
Jelurida will be presented by Kristina and Tomi at Blockchain Expo Europe June 1-2, 2017 in Estrel, Berlin.
This event will be bringing together more than 1500 people across key industries for two days of world-class content from leading brands embracing and developing cutting-edge blockchain technologies.
The Blockchain Industry conference track will look at a variety of platforms and services from startups to cloud providers, including developer networks, applications and APIs as well as the impact on legal, finance and government sectors with smart contracts.
Blockchain Technologies will focus on the evolution of blockchain and its applications. The conference will explore the many launches and trials being conducted, the different uses of blockchain technology in these verticals, and the vast opportunities in these sectors.
Source and more information: https://nxtforum.org/general-discussion/jelurida-attending-blockchain-expo-europe/msg232059/?topicseen#msg232059
Janus – Introducing Alphonso Morris Jr
On the 18th of May, the Janus team organized an interesting Questions and Answer (Q&A) session which was moderated by Travin Keith, Marketing Director and Blockchain Advisor of the Nxt Foundation, on the #janusproject channel on NxtChat on Slack. The aim of this event was to make public the addition of Alphonso Morris Jr as the new Content Product & Marketing Manager as well as Public Relations & Brand Ambassador for the Janus team.
Travin Keith, aka Marenkar, gave the starting signal this way:
Welcome everyone to the QA with the newest member of the Janus team, Mr. Alphonso Morris jr. I have personally verified his information to be accurate based on several techniques to prove identity.
— NXTER Magazine (@Nxter_org) May 18, 2017
Below are some answers given by Alphonso to the questions stated by users:
Question: Who are you and what is your career experience?
Alphonso: My full name is Alphonso Morris Jr… I have several years of experience in various fields not as much in the Crypto / Blockchain world more so in the fields of Photograpy, Event Planning & Promotions. Public Relalations Director, Artist Management, Personal Assistant, Music & Television for over 20yr
Q: What ways will you help the Janus team expand grow as both a team and future company?
A: Explaining how good something can be to others is easy when you have a team & product as good as this . Were all driven to succeed focused on producing quality, I believe creative minds tend to work well together my interactions with members of the team has been very good. I believe my 30 plus years of public relations, world travel and personal contacts will benefit the team as we grow. I’m anxious to get into the creative process.
Q: What advice do you have for potential investors looking at JANUS?
A: I joined the team two months ago and my observation of Janus is that its a solid company. They have good direction, good products, dedicated to their investors and their brand. Janus is also growing exponentially
Q: To what degree can you utilize your ‘special’ industry contacts to help your team gain an advantage with online business sites and other Janus activities?
A: From my personal experience we are only as good as our word on any level. Information is power in the right hands coming from the right people. I’ve earned mutual respect from some influential people in the entertainment industry who Iv’e worked for or with over the years. People like Ken Ehrlich (Tv Producer Grammys), AMA’s, Usher Raymond (Music Producer / Entertainer) I consider close contacts. There’s always the possibility of a outright endorsement of a product, company, idea or the like based how Bjorn wants to proccede… With my unlimited contacts in music and television it wouldn’t be a problem for me to explain Janus to as many influential people and companies as possible
Q: Since you are the brother of Boyz2Men member, do you know Beyonce through him? There’s a group trying to parody her name as blockchain.
A: She was on The Evolution tour with Destiny’s Child and Boyz II Men in 1997. I was their personal photographer during the tour.
Q: Speaking of Nxt, did you try to play with Nxt features? And if yes, what is your first impression?
A: Yes I have It installed and have looked at it. Its a very powerful platform!
The session extended for over an hour and there was time to discuss many questions about the present and future situation of Janus, but there was also time for sharing some personal and professional anecdotes from situations that only a person immersed in such a world as Alphonso has experienced throughout his career. No doubt he is a great addition to the Janus team.
Source and more information: https://www.nxter.org/ae-janus-4348103880042995903/
Adel – 20% Extra Bonus For The ICO Contributors
Adel, the blockchain project incubator that uses Nxt technology as a base to build its ecosystem, has recently published its 11th Whitepaper, titled “Foundation of a Community Accelerator”, where a new plan is outlined to make sure that enough funds are collected to move forward with building the Adel ecosystem and progressing with its roadmap.
This way, in case the 900 BTC minimum will not be reached, ICO contributors will have the opportunity to vote for the adoption of this new plan that will give ICO participants the ability to receive a new 20% Post-ICO bonus on their contributions, in addition to the ICO bonuses already achieved through the ICO. Contributors will also have the chance to ask for a refund of their contributions before this voting process takes place. You can find more details about all of the above in the aforementioned White Paper.
G. Dusil: the advantage is that 1st round contributors all get a 20% Post-ICO bonus plus their accumulated ICO bonus – contingent on the members voting on the plan outlined in the white paper. In other words, we either refund contributor BTCs back to participants, and no ADL will be issued, and no bonuses. Or contributors agree to the plan and get up to (a theoretical bonus limit of) 40% more in ADL. Make sense?.
At the same time, the Adel team has announced an initial agreement with the exchange Stocks.Exchange so that the new “Adel” token will be listed in this exchange once the ICO is over. This exchange was created by Vadym Kurylovych, a member of the Nxt communty, where, in addition to buying and selling some tokens like Nxt or BTC , you can also receive dividends on your account which are issued to token investors. This has already been done with the JNS assets that users can keep on their account in this exchange.
G. Dusil: We are excited to be working with Stocks.Exchange, as our first crypto exchange provider.
More information: ICO Portal
Ardor – Bundler example
On the 15th of May, Marenkar opened a 1250 ARDR bounty (i.e. around 160$) on the Ardor channel on Reddit to the first user who could correctly expand and solve a challenge. The proposed challenge was:
Jayne is forging ARDR and let’s assume that he will forge the next block.
Mal sets up bundler with
Minimum Rate = 5 IGNIS/ARDR Therefore, a single basic transaction will cost 0.5 IGNIS because 5/1 = 0.5/0.1 where 0.1 ARDR is the base transaction fee.
Fee Limit = 10 ARDR Therefore, Alice will pay the maximum fee of 10 ARDR ( VERIFY This means that once 10 ARDR has been paid, the bundler will be shut down. )
Overpay = 0 ARDR No overpay in effect. ( EXPAND In your example, include an overpay more than 0 and explain what happens to it)
River sends 5 IGNIS to Simon and pays 0.5 IGNIS to Mal, as he is the only bundler ( EXPAND Explain what happens if another bundler is present. What condition would make Mal be the bundler over the other bundler? Also include the information of the other bundler like how I did with Mal’s. Use whatever other name you like. ). Mal then receives the 0.5 IGNIS.
There are no other transactions in the child chain block so Mal pays Jayne the 0.1 ARDR fee to include the transaction in the block.
It did not take long before GCMartinelli, a new community member, solved the problem by drafting a detailed response which was later confirmed and accepted as valid by some of the Ardor core developers, thus winning the prize. You can see the full explanation on the Ardor channel on Reddit. We recommend that you frequently check this channel in case more bounties come up.
Jelurida – Ignis ICO
As we already announced some months ago, the IGNIS token will be the primary transactional token on the Ardor network when it launches, and until new child chains are spawned. Ignis tokens will be distributed ~ 50/50 to NXT holders/Nxt core development team. The ~ 50% Ignis which are to be distributed to the core development team will be theirs to use to fund the continued development of the Nxt and Ardor platforms.
Ignis will be created in the Genesis block of Nxt 2.0. At the moment NXT holders will get 50% Ignis of their NXT balance. The other 50% will be reserved for the devs, for instance to do an ICO with, or something else. As this is still one year in the future, the exact method of this is still being debated.
Jelurida will conduct an ICO (Initial Coin Offering) for most of the 500,000,000 remaining IGNIS coins planned to be created, in a crowdfunding sale, to be performed before the above mentioned snapshot. The funds collected in the ICO will be used by Jelurida to ensure the future development of the Nxt and Ardor blockchain platforms. Some small percentage of IGNIS coins may be kept by Jelurida for future use, but as the goal of the ICO is to provide financing for the company, most of the funds collected will be converted to fiat and not kept in crypto.
Full details of the ICO terms and conditions, with exact amounts and timeline, will be published as soon as all details have been finalized, but at least one week before the start of the ICO.
Shuffling – ARDR Assets
Coin and Assets Shuffling is a core feature on Nxt which enables users to mix their funds quickly and efficiently with other users’ funds by creating a random mapping between the existing user accounts and new recipient accounts provided by the users.
A few months ago it was customary that some members of the Nxt community set up a weekly “shuffling party” to make use of this Nxt feature and shuffle some NXT in a decentralized manner with differente users, thus showing the world the potential and abilities of this platform.
Recently, lurker10 has invited the community to re-launch this interesting initiative but, this time, using the ARDR asset for the shuffling.
The first party time was amid grim times of the bear market, the link has insights for what to expect and best practices: https://nxtforum.org/general-discussion/shuffling-party-time/
Let’s do it again for ARDR asset on Shuffling Sundays?
Please remember that participants must keep their node running at the time the shuffling process takes place in order for it to finish properly, together with other minor conditions. Initially, the agreed on time was on Sundays between 15:00 UTC and 18:00 UTC, because this was the time which was most convenient for multiple time zones in order to have the largest number of participants. However, always check the active shufflings in your Nxt client to see which ones are open.
Jean-Luc also states:
One good reason to shuffle ARDR now is that on the Ardor platform it will not be shuffleable, parent chain does not support coin shuffling. Do it now before the snapshot, while it is still an asset.
— Nxt (@NxtCommunity) May 21, 2017
Source and more information https://nxtforum.org/general-discussion/shuffling-party-time-(ardr-edition)/msg232092/?topicseen#msg232092
Job offer – Java / Blockchain Developers and Senior Blockchain Engineer
The blockchain industry and its applications are booming. As a result, more and more people are interested in this technology and new developers join this ecosystem everyday. Recently, some job offers were published on Nxtforum and NxtChat on Slack related to blockchain. The candidates must have enough familiarity and expertise with the Nxt blockchain. These are the job offers:
…The company’s developing on open source version at the moment but is in advanced discussions with Jelurida about license
Flgalaxy is a FinTech company founded in 2015 with the goal of reaching out and letting consumers and merchants have the tools needed to build lasting relationships with customers. It builds applications using the power of blockchain architecture to offer secure borderless commerce options from the ground up.
We strive to further the movement around the world to open up markets and empower individuals and businesses alike to work together and establish prosperous local communities while also bringing people together by further allowing people with unique products to get them to the public.
We hope that with the advanced tools that we provide, our partners can continue to grow and develop new businesses and build strong relationships with customers by rewarding them in ways that help them continue to enjoy the new products that come as a result of their efforts. We believe that the blockchain is an a powerful emerging force in freeing the global economy and that is why we have chosen to place our time and effort into building apps that leverage its strengths to continue the process of removing barriers and rewarding consumers and businesses alike.
Nxter Magazine – 2000 Followers on Twitter and 450 Newsletter Subscribers
We have a reason to celebrate! Nxter’s twitter account has reached 2000 followers and our weekly email newsletter is already regularly sent to over 450 subscribers! Thank you all!Nxter is a community driven initiative, so we encourage you to keep giving us your support and sharing our news and articles to achieve wider visibility. Remember that you can also publish your own articles, subscribe to our newsletter, or follow us on social networks, in order to always stay on top of everything that happens around Nxt and Ardor.
More information: Nxter.org Twitter
Beecrypt – A Decentralized P2P Exchange That Will Be Built On Top of Ardor
Beecrypt is company based in Bangalore, India, managed by highly specialized technology experts, successful entrepreneurs, and veterans in the semiconductor & fintech industry. This company has recently announced that Beecrypt’s flagship product, Migretor, a decentralized P2P exchange for cryptocurrency, as well as a wallet, will be built on top of Ardor.
Migretor would be featuring:
- Usability with an easy to use application which runs ubiquitously on all platforms
- Secure, with no custodian for user funds. Users will be in full control with no trusted third party of their funds
- Utmost transparency in exchanging in a decentralized manner by locally signing all transactions before broadcasting to the network
- Unprecedented privacy with end-to-end encrypted message exchanges
- Robust, effective against DDoS
- On chain transactions
- Cost-effective exchange
Hariharan Parasuraman, CEO at Beecrypt states:
Beecrypt is excited to develop Migretor on top of the Ardor blockchain platform as it offers the first real world solution to the blockchain bloat problem.
Source and more information: https://www.jelurida.com/beecrypt-migretor-decentralized-exchange
NXT IN THE MEDIA
The Wiring – Ardor Fees, Child Chain Fees, Bundlers, Forgers… Let’s Clarify
TheWireMaster, an active member of the Nxt community, and admin at NxtFolks as well as the composer of the Ardor song, has recently published an article titled “Ardor Fees, Child Chain Fees, Bundlers, Forgers… Let’s Clarify” at TheWiring.com. The text explains how the forging process on the Ardor main chain will work as today’s NXT forging. However, in Ardor, these blocks will contain transactions from the main chain and from the child chains. The Ardor main chain will be the only one forging and providing the blockchain infrastructure to all child chains.
The article includes some practical examples showing how the bundling process works.
A “bundler” is the link between the child chain and the main chain. It’s the one that collects the child chain fees and then pays the main chain (Ardor) to pack those transactions in a block…
…The field “Minimum Rate” is a multiplier for the defined Ardor fee for that specific transaction. The result of that multiplication will be the minimum transaction fee in child chain token users will have to pay so that the bundler will bundle their child chain transaction
“Fee Limit” is the total amount you want to spend in Ardor fees.
“Overpay” is the extra you want to pay more in case of competing bundlers. This is a multiplier of what you will pay in terms of Ardor fee.
Let’s hypothetically assume that these are the fixed prices for a couple of transaction in Ardor (still in development so let’s not be too picky with the exact amounts):
Basic transaction (money transfer, sending message, etc): 0.1 Ardor
Asset issuing: 1000 Ardor
Now lets assume a bundler is set with these parameters:
Minimum Rate: 10
Fee Limit: 200
Someone now sends a message to someone else in the Ignis child chain. The client will automatically set the fee to the minimum fee offered by the bundlers. Let’s assume that our bundler is the only one, then the fee that will be applied will be:
0.1 Ardor fee x 10 Minimum Rate = 1 Ignis
So the message will be delivered with 1 Ignis fee.
The bundler then has to pay 0.1 Ardor + (0.1 Ardor x 0.1 Overpay) = 0.11 Ardor
Source and more information: https://thewiring.com/2017/05/19/ardor-fees-child-chain-fees-bundlers-forgers-lets-clarify/
TradingView – Time to Continue this Crazy Race with NXT
TradingView is an advanced financial visualization platform that is easy and intuitive to use, with many users around the world making use of it. The service provides all the charting tools you need to share and view your trading strategies.
Recently, a technical analysis of the NXT price has been carried out by Paulto. This user has given his thoughts of the path that NXT’s price is going to follow.
The Bears left a dance floor, new strong lever support detected, seems like a good time to enter this mad train now
We’d like to point out that we are just sharing the opinion of an analyst because they are referring to NXT. However, that doesn’t mean that Nxter approves nor disapproves this opinion. Investors are always responsible for doing their proper research and analyzing the risks when investing in volatile markets such as cryptocurrencies.