I develop ideas, coordinate publication, and supervise content for Nxter Magazine and the community, especially on the Spanish section of the magazine. I'm an enthusiast of Blockchain technology as a decentralizing tool and have an extensive knowledge of the Nxt platform and the solutions it can provide. I also wrote the chapter on crowdfunding for ‘Snapshot’, the first published book of Nxt.
Recently a good friend of mine wrote the following post, and I thought you might enjoy reading it too. He is an investor. This post is about cryptocurrency price movements.
I’d like to explain in detail why I think we are on the threshold of yet another strong rebound.
BTC is the crypto this technical analysis will be based on because it is the largest cryptocurrency by volume, and the one that often pushes the movement of the rest.
Others like ETH, XRP, and ARDR will likely follow a similar pattern to BTC. What do you see in the following image?
There are four almost equal cycles showing a big explosion, followed by a correction, then a small rebound, and from there to a bearish movement. This pattern repeated in the BTC price chart in 2011, 2013, 2014 and 2018. We currently are at the position shown at the 4th chart in the lower right quadrant.
If we observe the charts in a continuous way, we will see that the first three cycles are almost inappreciable.
From this, we can draw several conclusions:
1. Each correction has been at least 70%, and 85% on average.
2. The longest correction period lasted 12 months. If we are currently on the 4th cycle, and December’s lows really were the bottom of the market, then the cycle would have already lasted 12 months. However, if new lows haven’t yet been made this would be the cycle with the longest correction. But it would most likely not be the one with the biggest drop since the first cycle caused a 93% drop.
3. Each new bullish expansive cycle goes over the previous highs at a 5x to 17x rate.
4. Trading is a world of recurring patterns reflecting investors’ sentiment. BTC is the one which best reflects these sentiments and patterns.
No matter if the price in December, 2018 was the bottom or not, what is more interesting for us is the projection of the price if the 5th wave has already started. If previous highs at $20,000 are surpassed, the expected price could go up to $100,000 – $340,000, more or less.
With this in mind, let’s have a look at the Technical Analysis. I’m not a big fan of relying on just these technical indicators, because the standard values of their algorithm might not belong or are not optimized for every single asset or time frame. For example, MACD 26-12-9 can’t be used to work on the EUR-USD chart or on the 60′ Nasdaq chart.
Every asset, every financial instrument has its own particular movement for longs and shorts swings. That’s the reason why I just use Technical Indicators to try to find market turns close to the bottom or the ceiling
Let’s have a look at the following chart:
This is a weekly Ardor price chart in dollars taken from Poloniex, with the help of Trading View. We can see that the price hit the bottom in December, 2018 (still needs to be confirmed), while the MACD indicator made a “fail”, i.e. the fast line (red) wasn’t able to cross the slow line (blue), at the time when new lows were reached (or with the closest candles). To me, this indicates a strong rebound is coming.
Notice the Fibonacci indicator (in blue) made 2 consecutive weekly break downs to the 23.6% level, and remained under that level but without reaching new lows. We looked into that and tried to find good entry points at charts with smaller time-frames.
On the daily chart it’s easy to see the degradation of the price drop, since while the price was reaching new lows, the MACD indicator was going higher and higher. This can happen 2, 3, 4 times or even more, but it’s a clear signal that the price drop is softening.
It would be rare that when we’ve had a “fail” in the weekly MACD and had broken the 23.6% level we wouldn’t have the chance to test the 61.8% without setting a new low before. Because a new low is still possible, but from what we’ve seen, if the lows of December aren’t the bottom, the new lows will only be reached for a short period of time.
Finally I had to make a decision, and I decided to open positions during January and February, 2019 at an average price of 1,528 satoshis. Recently the price has almost reached the first objective at 2,900 satoshis.
However, as can be seen in the above chart with the Fibonacci itineraries, the objectives are set at $0.10 and $0.20.
At that point, when two or more Fibonacci itineraries run into each other – specifically at the $0.20 level- we’ll be facing a dilemma. What shall I do? Shall I sell and make a x3.5 profit? Or shall I wait until BTC’s 5th wave takes its price to $100,000?
If that happened, ARDOR would easily go over $2.30 (its highest price ever) and could 5x that price, reaching $10-$12.
Is all of this crazy? No. People tend to think that today is different, but what is happening today has already happened 4 times before. Why wouldn’t this be the fifth one?
Maybe in 2-3 years, we will look back at the correction from the 5th wave and be waiting for the 6th wave to start, we will think it can not happen again.
Remember that patterns repeat over time and that human traders are the ones moving the price, even when high-frequency trading bots are around. These bots have been configured by humans to repeat the same patterns time after time.
Finally, my personal prediction, if BTC goes over $20,000:
– BTC $100000-$340000
– XRP $15-$60
– ETH $7,000-$25,000
– ARDOR $11-$40
This article is for general information only. It does not take into account the reader’s personal circumstances, objectives or attitude towards risk. It is not (and is not intended to be) any form of advice, recommendation, or endorsement by the author or the web site owner and should not be relied upon when making (or refraining from making) any investment decision.
Remember: the market can remain irrational longer than you can remain solvent; investments can fall as well as rise in value and past performance is no indication of future performance.
Welcome back, fellow Nxters! Summer is a beautiful time to enjoy nature – but for us, it is just another opportunity to work hard to provide you with the relevant news of the past week in this concise format. This is also a way for you, dear readers, to inform and educate yourselves about the names and roles of the key players in our community.
As always, whatever your interests and whoever you are, you are in the right place for your comprehensive analysis of all things Nxt and Ardor. Last week was action packed, with many interesting and exciting opportunities presenting themselves.
Here is the original announcement. Here you can find the full list of proposals.
And here are the final results:
Congratulations to our top-3 nominees!
and bjorn_blockchain (x2):
Jelurida, heeding the advice of the Nxt Foundation, has selected the final winner, who will be rewarded with 5000 NXT plus a free Nxt Foundation Supporter status – or an upgrade/extension if they are already a supporter.
marenkar (Nxt Foundation):
After a few days of internal discussions, as well as communicating with the designer of the selected design for some modifications, we’re happy to announce that Savandra has won the contest! Congratulations to Savandra and thanks to everyone who participated in this logo design contest. Thanks as well to jose for taking over the logo design contest as well as wolffang who started it
Thank you to everyone who submitted a logo! We value your support and we personally love the great community of Nxters we have. Look at the available logos and see that there is a lot of talent here. There are definitely many skilled designers in this community!
SNAPSHOT – Nxt, Unsurpassable Blockchain Solutions’ on Nxt’s Marketplace
Great news Nxters! We have our book, ‘SNAPSHOT – Nxt, Unsurpassable Blockchain Solutions’, for sale for the incredibly low price of $10, or only 150 NXT! The ebook is available here OR on the blockchain through the 100% decentralized Nxt Marketplace.
Selling account: NXT-NG2M-BEGY-CXG5-4N2XD
Documenting the challenges faced during the birth of the Nxt platform, SNAPSHOT is the incredible account of the rise of Nxt, as told by key Nxters from the community. It is a great read and we promote it because it spreads the message of our platform and educates you as well. A compelling read, full of insight and wisdom for anyone interested in Nxt and decentralized communities, and not least the use cases and smart transactions that will be available for anyone with IGNIS too, when the long-awaited Ardor platform and its globally scalable child chains are released.
Bitswift to Join the Ardor Platform as a Child Chain
Last week, we learned that Bitswift will be migrating their tokens and their ecosystem over to the Ardor platform as a child chain. This is exciting because it demonstrates the organized and professional interest in Ardor as a blockchain infrastructure. This move is motivated by Bitswift’s desire for security and longevity for their tokens, including taking full advantage of Ardor’s useful API.
Paul Busch, Founder of Bitswift:
Bitswift wants to ensure the security and longevity of their tokens. By migrating them to a secure blockchain infrastructure such as Ardor, the Bitswift team can focus on utility applications for the Bitswift tokens rather than on blockchain infrastructure dealings which is a beast of its own. Through migrating to the Ardor platform we inherit a wealth of options for our tokens, most notable a fully featured API from which we can build out applications to provide extended utility for our tokens.
Lior Yaffe, Managing Director of Jelurida B.V.:
We are excited to see more and more organizations interested in using Ardor. With Bitswift taking the leap and being the first confirmed child chain to join Ignis, we are sure this will encourage others to use Ardor as infrastructure for their decentralized applications, whether as a child chain, an asset, or through one of the many features publicly available on the Ignis child chain.
Paul Busch also announced that he will be giving away 10% of all Bitswift tokens to all holders of Ignis coins, relative to the amount of Ignis coins they are allocated at the time of the Ardor Genesis Snapshot.
However, all funds for this 10% giveaway will come from Paul’s own personal funds. Bitswift does not intend to compete with Ignis as a child chain, but rather to complement the entire platform.
Further customized development will be explored that will not only differentiate the two chains, but also provide the needed customizations that Bitswift requires. Some features will also be disabled due to business reasons as requested by Bitswift.
This is great news for both the Bitswift community and for us Nxters! We welcome Bitswift to our ecosystem and wish them the best of luck and great success in the future!
We’re driven by our passion for open source technologies and their capabilities for cost savings delivered down to the consumer.
THE CHOICE we all have pending, regarding our NXT and IGNIS
Well-known member forkedchain, the owner of the largest forging pool on the Nxt Platform, has opened an interesting debate in the Nxt forum before the Jelurida ICO takes place. Will you invest your NXT in the IGNIS ICO or wait for the automatic 0,5 IGNIS per NXT reward when Ardor launch and keep your NXT. And what will happen to Nxt afterward?
Riker, core developer, Jelurida, writes:
As an investor in the ICO you need to balance the following factors:
(1) Don’t buy IGNIS in the ICO – you get less well funded development team and community in the long run and less sell pressure on NXT in the short run
(2) Buy IGNIS in the ICO – you get better funded development team and community in the long run and more sell pressure on NXT in the short run
Since you are reading this, I assume you believe in the NXT development team and the NXT community, if so, go for (2), true, there will be a short term sell pressure while the raised funds are converted to NXT but this is a short term concern. In the long term, a better funded development team and community will be able to hire more developers, invest in marketing and give this wonderful product the attention is deserves.
Surely, when you buy IGNIS in the ICO you’ll get a much better rate than if you just hold your NXT. We’ll publish more information about the ICO terms and conditions as soon as we have it clear with all related entities.
If Jelurida is well funded after a successful ICO we will continue to maintain NXT and add to it every feature which we add to Ardor and does not require a parent/child architecture
If Jelurida is not well funded then we will focus most of our efforts on Ardor and put less focus on NXT.
TL; DR – The issue before the community is how much long term support (LTS) NXT will continue to get compared to Ardor’s continued evolution and growth. The success or failure of the Jelurida ICO will determine for the development team the value and viability of implementing as much as possible, the functionality of Ardor to NXT.
Your opinion can be expressed by whether or not you buy IGNIS or NXT tokens in the lead-up to the Jelurida ICO. This is an interesting fork that we as a community have reached, victims of our own success.
Last week Nxt Foundation supporters @James Malach (aka coinerz) and @Gabriel Francesch presented a short 15-minute introduction to the Ardor platform in Thailand at a Bitcoin Mixer. They explained Ardor as an open-source project that addresses some fundamental issues in the blockchain ecosystem, such as scalability and ease of customization for businesses. Afterwards they had a Q&A session.
Great job James and Gabriel, spreading the word of our platform across the globe. The more people educated on the many benefits of our platform the better!
@2youmich Lots of people in Chiang Mai are into Ardor. We have a major project being built on the Ardor blockchain too.
coinerz: @2youmich it’s actually been in development for over a year and have been preparing for an ICO using Ardor as opposed to Ethereum. We will release more information after the Ignis ICO. Unlike the vast majority of ICO’s which seem to be either vaporware or hard-to-understand buzzwords strung together into a nonsensical white paper, our product will be almost ready to market and is something that will benefit everybody on a day-to-day basis and help them to earn money too.
Thank you – unlike all these other ICO’s, we’re not looking to raise a huge fortune either. The business model is incredible scaleable and already has multiple revenue streams.
Riker, aka Lior Yaffe, one of the Jelurida lead developers, has written a useful executive summary meant for consumption by the general public where the documents what Ardor is and what issues the platform resolves – mainly blockchain bloat, the problem of having to deal with multiple tokens in the context of single transactions, and removing the single point of failure which is the centralized 3rd party cryptocurrency exchanges.
The Ardor platform is based on the stable and reliable Nxt blockchain source code which has been running successfully as a public blockchain since November 2013. Every existing function of the Nxt blockchain will be supported by Ardor. For those just learning Ardor, it solves the blockchain bloat issue by allowing for customizable child chains that can be pruned from the main Ardor blockchain. Additionally, every child chain has access to the security and network capabilities of Ardor. We expect disruptions to occur in existing business and fintech paradigms as we push forward our entire ecosystem into the age of the “Internet of Value.”
Last week, the founders of Adel visited the Isle of Man to register the company as a limited liability company (LLC). Brian Donegan and Gabriel Dusil, the founders, claimed that “cryptocurrency community” could bring jobs to the Isle of Man by functioning as a blockchain tech incubator firm.
They see growth in the blockchain space as a whole, moving away from just the Fintech (financial technology) sector and expanding into others. They cited future prospects in healthcare, government, IoT, and ICT. Adel will take full advantage of the very reasonable tax structure to promote their platform and all things related to distributed ledger technology.
A technology business using cutting edge blockchain technology could ultimately help to bring jobs to the island, it has been claimed.
Brian Donegan, head of operations for eBusiness and Fintech innovation at the Department of Economic Development, told Business News: ’I think the Adel ecosystem is unique in terms of what they are setting out to do. They are setting out to create a fully compliant business in the digital space, in the crypto space.
’The incubator model that have will attract existing digital start-ups to sit inside that incubator but using the particular coins system that Adel have developed and that makes it unique.
’We think that in time, all going well, the Adel business can have a presence in the island and that presence could potentially generate some jobs .
’If that works for Adel then why wouldn’t it work for lots of other businesses to follow Adel.
’In other words we see a potential sector in this space to be developed.’
If you want to read the whole conversation click here
Remember: Bounty programs are also available to earn ADL. If you have a skill in writing, creating video blogs, doing promotions, performing digital marketing, or even if you know someone who can help their community grow, then reply to email@example.com for more details on their bounty program, or check out their frequently asked questions: https://adelphoi.io/#faq
Membership privileges include:
Access to the community modules (except for the Account module which everyone has access)
Vote on projects based on your ADL balance
Submit ideas and become an innovator
Communicate & collaborate exclusively with other members
Incubate ideas (I2) in Adel’s Collaboration module
Collaborate Project Planning (P2)
First choice to be employed in projects (Enterprise Execution, E2)
Buy ADS in future projects
Favorable rates in future community initiatives, purchases, etc.
Last week, we announced two rewards for solving two small bugs in the code. In less than a week they have both been solved. Thank you so much to those who gave their time to assist us with this important, yet tedious matter! Keeping our code base efficient and bug-free is crucial to our success as a commercial platform.
Riker documents the original issues and assigns bounties to those who can help us.
Currently when connecting to a remote node for the first time, it’s not uncommon to see a Blue screen displayed for 10-20 seconds while the client fetches the necessary resources.
The purpose of the task is to display a moving progress bar when loading the client until the lock screen is displayed.
There is no simple solution for this because of the way the client resources are loaded synchronously using the nrs.sitebuild.js script.
This synchronous loading is necessary in order to initialize the handle bars components and the localization resources.
The solution can utilize any wide spread web development technique, but not rely on any plugin, and has to work both in browser and in the mobile browser and not break the desktop wallet (which is less affected by this problem).
We would like to offer a 20K NXT bounty for this task.
Riker confirmed the success of the solution provided by a member of the community who has completed the challenge
This bounty has been implemented by forum member blackbeam. Thanks blackbeam!
Riker: The purpose of this task is to implement an expected next block counter.
Currently we have the generators page which displays the expected next forger and expected forging time.
You will need to implement a next block count down label based on this data in the left pane next to the block height.
Clicking this widget will open the existing generators page.
The code has to be clean and the widget has to look elegant and integrate well with the existing UI layout.
We would like to offer a 5K bounty for this task.
Riker confirmed the success of the solution provided by a member of the community who has completed the challenge:
Challenge #4 has been awarded to user sndurkin. Thanks!
This week, we wish to remind our community about voting on the blockchain and how you cannot cheat the system. One of the neat features of the Nxt platform is our voting functionality. It has been used by our community since its release in May 2015, has been successfully tested by Russia’s National Settlement Depository, and is also the backbone of the Phased Transactions System.
However, in the recent poll about the new IGNIS logo, which had been set to require a 1000 NXT balance to vote, some clever community members out there might have noticed a potential loophole: what happens when you vote in a poll and immediately transfer the funds from one account to another account before the poll ends?
The answer is yes, you can vote multiple times by doing this BUT it will not matter because the platform validates the accounts only once the poll has ended. All the votes cast by accounts with insufficient balances will be negated. In the example above, only the last account to vote will have its final vote tallied.
Remember, when you vote in a poll, maintain the required balance in the account used for the poll until it ends or you vote will be disqualified!
The original question:
josenxt – What would happen if someone who casted a vote using Nxt’s Voting System, which required a mimimum balance of 1000NXT to take part in the poll, transfers all his NXT to another account before the poll ends? Will their vote still count? Could they vote twice? Could they vote again in the poll and they first vote will disappear?
Riker, one of our core developers, responds:
The balance is checked when the poll is counted so votes which were valid at the time of vote but not at the time of counting will be disqualified
The union of Bitswift with Ardor has been mentioned in the media
The momentous news of Bitswift migrating to the Ardor platform made news on The Fintech Times. The article documents, in great detail, the transition of Bitswift from an independent platform to being a premier child chain of Ardor with the original announcement by Jelurida BV, the holder of the IP rights to Nxt software and the Ardor platform.
Bitswift will join Ignis in the first batch of child chains released with Ardor later this quarter.
That wraps up the news for the week. We look forward to welcoming Bitswift supporters to our platform and ecosystem! Stay tuned for next week as we continue to provide you with all the relevant and exciting news for Nxt, Ardor, and all things involving the accelerating growth of the blockchain space. We love our community and we would be nothing without you all!
Follow us onTwitter for important breaking updates during the week as they happen. Stay committed and stay informed fellow Nxters! See you next week.
After the live demonstration to the audience of the Retina forum, Lior Yaffe provided a five-minute interview where he briefly outlined the performance and advantages that the Ardor blockchain platform introduced, such as its unique architecture, and how it solves the blockchain bloat issue as well as improving scalability by separating the transaction token of the child chains from the consensus token of the main network, as well as the benefit of Proof of Stake technology, among other things.
Janus has published an update for their project which is very similar to that of a roadmap. The update has the aim of providing all stakeholders with sufficient detail to be able to assess and judge the company’s plan and fundamentals. In the past, no detailed information was available on the direction of project development and, as a result, many investors had dismissed the possibility of an investment, but the presentation of this ambitious objective plan focused on Content Management and Fintech Social projects provides a solid foundation on which to work.
We have been asked to be brief and not bury our readers under walls of text, so for the sake of brevity and clarity, this update will (for now) focus on the primary two projects we intended to give priority: Content Management and Social Fintech.
Content Management systems allow non-technical users to publish content on the web. There are lots of generic content management systems freely available, but when you look for content management systems which are application-specific, there are quite a few market niches where there are few competitors and where the market situation is favorable. For the purpose of this document, we will focus on two areas:
Realty (ie: the buying, selling and renting of real estate) in all its forms is a huge market which by definition is decentralized (ie: if you are looking for an apartment in New York, you don’t really care what the market offers in Los Angeles). It is this geographical separation, together with the involvement of local real estate agents, which makes this market an attractive one.
Our strategy for realty is twofold
Sell software to realtors:
Market analysis shows that there are approximately 400.000 realty agents in the US and the EU. In a market of this size, you don’t need huge penetration numbers in order to be able to sell your product profitably. We have a basic version of a realty software package in place and will be porting it to our new technology platform. Once that process is completed, we will be using our industry contacts to analyze and expand the functional coverage of the product in order to arrive at a package which is explicitly aimed at realtors and their typical workflow requirements.
Build focussed websites:
Realty, like anything else is changing with new niches appearing every few years. We believe that by focussing on such niches, we can build an appealing service which lends itself to monetization. If we manage to gain traction in such niches, this would pave the way to expand into more mainstream areas which in turn offer even more revenue and profit potential.
We believe that by combining these two approaches, we can target a market which is generally resistant to centralization (and thus domination by a single party) and offers ample opportunity to build a profitable business.
Automotive is another market which is heavily decentralized and has many small/local players in each community. Generally speaking, many automotive companies, especially the smaller/local players) are using very little in terms of automatization which again makes this market an attractive market to target. Our strategy here is to build a software suite targeted at the workflow needs of typical smaller automotive firms and push this into the market.
We plan to build a site and platform that allows experienced forex traders to set up account profiles. These traders will have their own private ‘rooms’ that will allow them to connect people to their trades, charts, and calls all in one place. Private chat will be enabled, and each follower who signs up to them will gain access only by paying a monthly subscription fee. The day traders will no longer need to worry about collecting payments from each member as our site will handle this and take a small percentage fee.
We will offer people numerous methods to expand their following, full social media integration and privacy that can only be unlocked through subscription. Advanced traders will have a link that directs their social media followers to our site and their private rooms. This will enable our team and users to promote user acquisition on a very large scale. Traders will be inputting their TA/charts and market indicators to predict where they think the markets are moving, paid subscribers will have access. Traders will be scored using an automated process based on the success of their calls, and potential followers will be able to see these scores and current followers recommendations prior to signing up for each signal callers private rooms.
Our team has some experience in the development of forex trading bots. We plan to create an in browser gui to configure various trading strategies and put traders in the position to backtest these using a multithreaded approach which will dramatically shorten the time required to backtest trading strategies when compared to packages such as MT4, etc. This will be marked as part of a professional package within the social fintech site and carry a higher price but should prove extremely valuable for end users.
There are more options that will be added over time until our business becomes the primary source for all interested parties to convene. We will of course run heavy marketing and gain user feedback, then apply suggestions when appropriate to further make the entire user experience amazing for all our users.
We have achieved great milestones so far, yet the future for us as a team and company holds this and much more. We invite you to our multiplatform, and diverse industry tokens, community, and team.
– Team Janus
In addition to this, Janus has also announced on Twitter that Bitsquare, the first decentralized exchange to buy and sell bitcoins, in addition to other cryptocurrencies, has added JNS / BTC trading pair. It’s important to note that in addition to Bitsquare, users have the ability to trade JNS assets on the Nxt Asset Exchange with the NXT / JNS pair. Users can also trade JNS on Stocks.Exchange, with trading pairs for BTC and NXT enabled as well as with Bitcoin or fiat currencies on C-CEX. .
Adel – Last Days to End the First ICO Round and Start Voting for the Post ICO Plan
As we mentioned in the previous newsletter, the Adel ICO enters its final stretch, though at the moment, still short of the initial target of 900 BTC. However, because of this, the latest whitepaper titled “Foundation of a Community Accelerator” outlines a plan of moving forward where ICO participants will also have the ability to vote for whether or not they will receive a new bonus 20% Post-ICO on their contributions, to be added to the bonuses previously obtained through the ICO. Also, participants who do not want to move forward may request reimbursement of their contributions before the voting process for this plan begins. Last Friday, they also announced that until May 31st, all participants who have contributed more than 4 BTC will receive an automatic bonus of 20%!
A lot of those who have followed Adel considers or have considered that Marketing has been the great weakness of Adel and its ICO, to which Gabriel Dusil, Co-founder and member of the Adel Board, answers:
We have also written 11 white papers to date, released 3 project proposals, produced 4 infographic videos, 5 walkthrough documents for mainstream contributors interested in fiat to crypto conversion, so they can contribute to our ICO. We produced 3 video presentations from seminars about Adel, and we have a 25 page FAQ on our website. All our staff are identified in the Team section of our website, and we have built Adel to the the level of maturity and exposure you see today. We have spent 16 months building Adel with a stellar team of over 26 experts in the Adel Services team. We are also the first ICO to be AML/CTF/KYC compliant, in the world. So from a “marketing” perspective we believe we have significantly raised the bar for future ICO’s entering this space.
We realize that some people understand ICO marketing to mean “advertising”, and they have judged our marketing efforts strictly in regards to advertising exposure. I am the first to admit that we have not done any advertising, due to lack of budget in this regard. But with the resources we had available to us leading up to – and including our ICO, we believe that the exposure we have received international is unprecedented. We have managed to established a global brand presence on a shoestring marketing budget.
The Nxt client extends the multi-signature concept by including many more functions and use cases. Users can define a transaction in 2 phases: the first phase takes place when the details of the transaction are defined (for example, the amount of NXT to send to a recipient), and the second when the transaction is sent to the system .
Many ask me how to do MultiSig in Nxt. I made a small video tutorial that shows how to emulate the MultiSig with Nxt. I hope this is useful for you! Try Nxt at http://nxt.org. It is free, and it is amazing 🙂
Phased transactions can be created as a deferred conditional execution order based on: the approval of other external accounts (up to 10), the result of a vote, a set of linked transactions, (either already in the chain blocks, or ones that are to be sent in the future after the disclosure of a secret, also known as “hash approval”) or simply with unconditional deferred execution where a transaction will be executed automatically when a particular block is reached.
Zhgtrade, a new exchange based in China, has announced that it will soon enable users on its platform to buy and sell ARDR directly with their local currency CNY (Chinese Yuan). Zhgtrade together with 19800 and Litebit, (EUR) are among the few exchanges that allow you to use fiduciary money to buy ARDR.
The Nxt Foundation has updated the FAQ document posted on Reddit with the most common frequently asked questions about the Nxt platform, which will be very useful to address concerns of newcomers to Nxt / Ardor, particularly those on Reddit Threads https://www.reddit.com/r/nxt and https://www.reddit.com/r/Ardor.
To see the whole list of questions and answers, please click here.
Nxt Foundation Recognizes John McLeod for All PR Help Since 2015
Travin Keith, aka marenkar, Marketing Director and Blockchain Consultant of the Nxt Foundation, has formally recognized the work of John McLeod from JEA Associates for all the public relations work that he and his organization have provided to the Foundation since the year 2015 until now by adding him as a recognized partner of the Foundation.
The expert you want: creative, personable, experienced and completely focused on clients
Following a 10 year career working in Financial and Corporate PR for a number of leading blue-chip clients, John McLeod has set up JEA Associates Ltd, an agency that understands how digitalization is transforming the way in which traditional industries operate.
With a significant background in Financial Services, John initially focused on how Blockchain technology could transform the way retail banking and transactions were carried out.
Since its inception, JEA Associates Ltd continuously communicated how innovation and digital services change the way traditional industries operate in the campaigns it has executed.
mrv777 – My Little Explorer Project is Coming Along
A few months before the expected launch of the Ardor network, developer and returning member of the Nxt community, mrv777, has presented his next challenge being tackled: a block explorer for Ardor’s blockchain.
mrv777 : Please ignore the look for now, it’s just a starting point until all the functionality is ready
Everyone knows of the importance of a good block explorer and we are sure that mrv777 will do an outstanding job. We encourage more developers to join and experiment with the Nxt and Ardor platforms with the wide range of advantages it offers over other platforms.
Jaxx, recognized as the first Shapeshift integrated multiwallet that can be synchronized across all devices and provides users with the ability to manage, send, receive, and exchange cryptocurrencies, all while users maintain full control of their keys, announced on its roadmap that they are working with more than 70 businesses and platforms with the aim of improving and expanding the service of their portfolio. Among these is the collaboration with the Nxt Foundation to start working on the integration of NXT and ARDR.
Happy to announce integration of @NxtCommunity in Jaxx
Jaxx is the first multi-asset wallet that syncs across all devices and provides users the ability to manage, send, receive and exchange digital currencies while users remain in full control of their keys. With Shapeshift onboard and available on 9 platforms, setting up a Jaxx wallet is frictionless and requires no onboarding, verification, usernames or password, making it a seamless experience for blockchain novices and power users alike. Jaxx will soon release its “Orange Paper” (a consumer-friendly version of a white paper) and a company roadmap outlining its long-term vision to provide software and hardware that supports the entire blockchain ecosystem and takes decentralized technologies mainstream. To learn more about Jaxx, please visit: https://jaxx.io/
Note that the Jaxx wallet is not open source despite the fact that, according to the website, they allow for the code to be inspected in multiple ways. From Nxter.org, we always urge you to use the official client, and, if not, we recommend not having large amount of your holdings in third party platforms.
Future Blockchains – Theoretical Use Cases with the Voting Feature and Asset Exchange of Nxt
Carl, host of the Future Blockchain YouTube series, released the following videos of use cases related to the Nxt and Ardor platforms. In the first one titled “Theoretical Use Case with the Voting Feature of Nxt,” Carl focuses on the decentralized voting feature of Nxt with a theoretical use case about voting in London. In the second video titled “Nxt – Presale Crowd Funding,” he explains how Alice carries out a crowdfunding campaign of her idea through the use of the Asset Exchange with the creation of an asset to represent a presale coupon for her product. Then, after successfully creating a production ready widget with the money raised, users can collect the widget by submitting their addresses to Alice together with the assets to claim a widget.
NXTBridge – OFFLINE signing and WordPress Plugin update
Scor2k, a developer and creator of the NXTBridge Wordpress plugin, a plugin that connects WordPress-powered web pages with the Nxt network and displays Asset Exchange information in real time, has published an addition to the NxtBridge Suite on the Nxt forum:
We still alive!
NXTBridge-Ledger – this is a very useful and simple plugin. It lets you check your last transactions (account Ledger) and it allows you to send NXT securely. The main WordPress feature of this plugin is a Tip Button. The plugin creates unsigned transaction bytes, and last, but not least, it allows you to broadcast signed transactions to the Nxt network from every site which runs this plugin.
Ardor is a blockchain-as-a-service platform that will allow people to utilize the blockchain technology of Nxt through the use of child chains. Since all processing will be done on the Ardor main chain, child chain creators won’t need to worry about common issues when creating a blockchain as well as securing it with enough nodes. Child chains will be able to utilize features currently seen in Nxt such as decentralized phasing, voting, and trading, as well as be able to interact with other child chains on the platform, including IGNIS, the first child chain to be launched. https://www.ardorplatform.org/
PS: This article only represent my opinion. Only risk money that you are willing to lose. There are no guarantees of return or profit. Please be warned, crypto is wild and sometimes unpredictable.
NXTER.ORG’s RubenBc interviews Roberto Capodieci, who is the CEO of DeBuNe (Decentralised Business Network) and OTDocs.com (Open Trade Docs) and also the Founder of TheSoundKey.com + Go.Notifile.me.
Roberto has extensive experience in the IT and business sectors. At age 10 he developed and sold his first video game, began his IT entrepreneurial career when still in his teens and at 20 years’ old was running an office of almost 40 developers and software engineers.
On January 16, 2015, he announced DeBuNe in Nxtforum and 10 days later began a successful fundraising campaign.
Roberto sees himself as a farmer with a seed in his hand (DeBuNe), a good fertile field to plant it in (Nxt) and needing only some more water (investors) to be sure of a bumper harvest.
RubenBc: Roberto, I’m delighted to be speaking with you and look forward to learning about the technology that you’re presenting to us. First of all: What is DeBuNe?
Roberto: Thanks Ruben – it’s great to be chatting with you. Basically, DeBuNe was born with the aim of decentralising business processes. More specifically, putting business processes on the blockchain, delegating the execution of pre-agreed decisions to smart contracts and phasing transactions. DeBuNe therefore enables entrepreneurs to put the administrative aspects of their business relationships on auto-pilot. This of course means they can then focus much more on the aspects of their work that require their key skills.
RubenBc: What types of project are currently running on the DeBuNe platform?
Roberto: Before having the chance to become a service open to everyone, DeBuNe has become a technological foundation for other projects of our own. We’ve been using it as a platform to implement some of our other technological solutions:
For example, OTDocs. This was the first project to use DeBuNe decentralised business process solutions to help manage documentation in international trade finance. We’re currently working on proof of concept pilot projects with several banks in Singapore and Australia.
Another of our projects is TheSoundKey; this is a small hardware device you can use to digitally sign blockchain transactions while making sure your digital identity is absolutely secure at all times.
Last, but not least, our latest project – my favorite and for sure the best – but it’s still top secret! One of the four versions of this project, http://go.notifile.me, will run on the Nxt blockchain, and will hopefully help to keep Nxt alive!
RubenBc: Do you require a new financing round? If so, will you be making use of the Nxt platform to raise the finance?
Roberto: The short answers are: not yet and yes I expect we will be doing so but only when the time is right. Nxt of course is not only a platform, it’s also a community and it was the amazing enthusiasm and support of the Nxt community that gave me, and the rest of the team, the courage to drop everything else and focus 100% on DeBuNe and collateral projects. The funds which we raised initially represent less than 10% of what we ourselves have invested so far.
The income generated by the DeBuNe projects is distributed according to asset ownership which in practice means that approximately 25% is distributed, as revenue share, via the Nxt platform, to the individual asset holders and the rest is retained by DeBuNe to cover the running costs. This is why DeBuNe will never put up for sale in the market more than 50% of the total amount of assets.
To support our efforts we have started offering consulting on blockchain projects, and implemented a couple of solutions. We are now hoping with our most recent (and still top secret) project to generate some fast income, and at the same time we are closing some paid pilot projects with some banks in Singapore.
We haven’t yet accepted any seed fundings with our startups because, before we sell any equity to investors, we want the companies to be worth as much as possible. In this way we’ll be able to raise the necessary finance without having to give away too much share capital.
RubenBc: I’ve read some of your articles, blockchain technology clearly fascinates you and specifically the Nxt blockchain…. How do you think DeBuNe can change the way a business is run?
Roberto: Through data decentralisation, combined with the use of digital signatures and thus identities, secure “timestamping” of transactions, non-repudiation, and pre-programmable actions. These are all key aspects of how DeBuNe can prevent business processes from being manipulated by any third party.
Two other things are needed. First, a reputation management system that lets everyone know how much trust they can place on a user via his digital identity (i.e. their public key on the blockchain with which they sign all their digital transactions). Second, coupled with that, a good decentralised KYC system which ties a person’s or company’s real identity to their digital identity. Together these two things will empower people and companies all around the world to do business with each other, regardless of where they are located, or what prejudices other people may have of them or indeed they may have about other people.
RubenBc: We have started 2016 with a remarkable increase of confidence in the crypto ecosystem thanks in part to the prospect of another large crisis in the financial markets. What will happen with DeBuNe during 2016?
Roberto: DeBuNe will take time to release a finished product, due to several legal and practical (funding) reasons, but it has opened the doors to the means to get there. DeBuNe sub products will see the light of day this year, and I am very confident that they will succeed!
RubenBc: Do you think that the growth of Nxt’s adoption and other cryptocurrencies will be constant, progressive or will there be an event which will make it grow exponentially?
Roberto: As with any new technology there is a huge need for education in order to gain adoption. At the moment though, the “blockchain” is just a buzz word and every financial institution thinks it needs to have a project involving one, even if in most cases they have not much idea of what it means. And, at the other end of the supply chain – the end users – don’t even know what they are using.
I recently overheard someone expressing his surprise that to use Facebook he needed an Internet connection: to him Facebook was an application on his phone, and had nothing to do with the Internet. It will therefore very likely take a few years before this person understands crypto platforms!