The Janus Team has just released a video teaser for a side project they call JNSHash.
Naturally, this small rather mystic video from the Janus Team (and one of the few signs of life and evolvement from them in a long time) was soon followed by questions in their community Slack, and thus, also some very welcome answers from the team:
ropes [5:34 PM]
Janus now has a mini mining setup?
ascendus (Janus PR manager) [5:43 PM]
This is side work Bjorn and myself are working on to grow Janus back to proper value combined with business site delivery. This is the beginning of a farm expansion and will be part of JNS revenue. The final values cannot be disclosed until all machines are assembled and tested.
We will have more information once the acquisition of machines has completed over the next 2-3 months.
crowne [6:16 PM]
When I invested in JNS I didnt sign up for no mining….but I’ll wait to speak: this may be a good idea or it may be bad….Since Russia is getting into mining as well as N. Korea…My only question: what coin is being mined?
ascendus [6:20 PM]
@crowne, We have been mining over *12 coins* steady and convert portions to NXT and others that show promise. So it is a combination of positive income from both mining and trading.
Our office has secured 4 cents per kWh with the local electric company. This is all the information that I am able to release for now. Please note, this side business is something just bjorn and I work on while developers finish the sites. Separate but part of Janus as a whole.
krjalone [6:28 PM]
Why not. Its side work and adds more value to Janus. Been mining too from 2013 so I am a bit familiar with it too.
Update: The JNS business sites
Lobos, (Janus’ lead developer) jumps in here [6:33 PM]
On a related note,
I am able to report that most of the dev work for our first-to-be-released project has been completed and that we’re mostly down to expanding what the UI can do, load testing and general bug testing/squashing.
Work on our second-to-be-released project is also progressing and now, after the summer break and a few personal crises which cost time and focus, has our full attention.
So even though we’ve been quiet, we’re still working on getting stuff done and making progress.
We understand our investors’ concerns and appreciate their faith in us. We do not intend to disappoint any of you.
bjorn_bb (Janus’ director of marketing) [8:55 PM]
Thank you for taking time from your day to converse and view part 1.
You will notice, when I panned the camera, an empty rack in the video.
This was symbolic.
And its labeled part 1 for a good reason.
Have a great week everyone thanks again for the support you give our team publicly and in private.
You will want to keep an eye on both the thread and primary Janus twitter account over the next 12-24 hours. It’s not something any JNS holder or future coin holder should miss. Some of you already know when Luis and I are quiet we are busy and although it’s not fully complete it’s at the point where we can show the beginning of it.
Our developers are still working on 2 sites one of which is Trademimic.com. This is something we’ve always wanted to start but did not have the partners in the industry until we reached out to them in July. This new business although young has great potential and is the reason for my absence and silence recently.
Video and pics will be part of it and Luis has added some personal touch to showcasing the announcement. Don’t miss it everyone
Join the other 3,100 users in the #Janusproject slack for more current week to week information in the future.
Some of you already know when Luis and I are quiet we are busy and although it’s not fully complete it’s at the point where we can show the beginning of it. Our developers are still working on 2 sites one of which is Trademimic, this is something we’ve always wanted to start but did not have the partners in the industry until I reached out to them in July.
This new business although young has great potential and is the reason for my absence and silence for these months. Video and pics will be part of it and @ascendus (Luis) has added some personal touch to showcasing the announcement.
Keep in mind this is only the beginning but we feel its easier to show you so you can see how big it will grow in the next 2 months. I have confirmation from 2 partners and deals struck with building lease manager to expand, anyway thats all, you will just have to be here and on twitter/bitcointalk so it makes sense.
Today the 3rd batch of Round 3, with 25 M JLRDA tokens, became available for sale. At the time of writing, there were still JLRDA tokens available.
Finally – some would say – the IGNIS ICO hype calmed down a little. Finally, it is possible to attend the ICO and buy JLRDA without running a full node client, placing several buy-orders in advance, or having to figure out the most advantageous peer settings and transaction fees in order to get a chance to win the over-participated lottery for future IGNIS tokens on the Ardor Blockchain Platform.
ICO: Jelurida [ID 823491988455668070]
Live data from the Nxt blockchain
As someone said on the forum in the ICO thread:
In round one 1 NXT = 4500 Sat. 1 JLRDA = 0.4 NXT = 1800 Sat.
In round [three] 1 NXT = 2000 Sat. 1 JLRDA = 0.76 NXT = 1520 Sat.
So, the guy who ran away with all the JLRDA in the first few rounds did not get such a great deal afterall …
Live data from the Nxt blockchain
Either the whale investors
Gave up (as they attended on equal terms with everyone else)
Believe that 1 IGNIS token will be worth less than 0.76 NXT at the current NXT price
(0.76 NXT = 0.07 USD or 0.0000162252 BTC)
Believe that the price of NXT will rise a lot in the future – keep in mind that by holding NXT you get 0.5 IGNIS per NXT that you own at the snapshot (Q4 2017) and you get to keep your NXT
Decided to invest in ARDR instead of JLRDA
Do not even know about Jelurida’s work and the IGNIS ICO
Let us take a look at the three tokens in play, and you can choose your path to success by choosing which one best suits your interests and needs.
Nxt launched in 2013 as the first 100% Proof-of-Stake (PoS) blockchain ever and has run stable ever since. Over the years Nxt was optimized with built-in smart contracts that anyone can use “as is” or use them to build their decentralized applications with – without risking their investors’ money or the security of the blockchain, as no 3rd party code is added to the blockchain. Nxt’s smart transactions are rigorously tested in production and can be accessed using the Nxt API, which supports over 200 request types. Nxt is coded in Java, the leading industry standard language for corporate applications. The Nxt platform is open source for its open and supportive community. Nxt is called the “Swiss army-knife” of crypto, undervalued in the markets, and technically ahead of the competition.
With the new JPL license, owners of NXT are entitled to receive 10% of tokens from clones of Nxt.
Ignis will be the first child chain on Ardor. Ignis will have all of the features of Nxt, except for forging – it will be secured instead by Ardor’s main chain. Users of Ignis get UNRESTRICTED ACCESS to all existing and future Ardor child chain features. Do not expect unrestricted access from any other child chain in the ecosystem, as their creators may restrict those. Ignis will constantly be pruned (no blockchain bloat – means: globally scalable) and will feature cross-chain transactions, e.g., token and asset trading, and access to custom features on any other child chain. JLRDA, the non-transferable token sold in the ICO, represents the monetary unit and transactional token of Ignis, IGNIS, 1:1. JLRDA tokens will convert to IGNIS automatically at the Ardor Genesis Snapshot.
Ardor is Nxt 2.0 and is best described as a Blockchain-as-a-Service (BaaS) platform, currently running on testnet. Ardor is the main chain that will secure, bundle and forge all transactions on the network of child chains. Ardor will make the features of Ignis available to other child chain creators, but restrictions can be placed if certain features are not desired, such as shuffling of tokens, the unrestricted decentralized marketplace or the unregulated asset exchange. Child chains will have their own operational token so users will not have to buy “gateway tokens” such as NXT, ARDR or ETH to use them. Child chains will be prunable and will not have to be bootstrapped, as they are secured by Ardor. Child chains can be spawned and customised with help from Jelurida, but the ability to create new chains will eventually be integrated into the software as a DIY module. For those that like account and ID regulations and restrictions – Ardor is the place to be. For those that like to forge all child chain fees – Ardor is the place to be.
Migration of ARDR balances from the Nxt blockchain asset to the Ardor Genesis block
Spawn of the IGNIS child chain based on NXT and JLRDA balances
Spawn of Bitswift child chain with 10% share drop to IGNIS holders
Spawn of BTC, EUR, and USD pegged child chains backed by 3rd party business entities
ICO’s are hot right now, and the choice is hard if you have money to invest. The choice is entirely up to you – supporting any chain supports Jelurida, the company that owns the IP for the above tokens.
Right now, the JLRDA tokens are for sale on the Nxt blockchain and will be automatically swapped for IGNIS tokens on the Ignis child chain when Ardor and Ignis are launched together in Q4 2017.
You need NXT to buy JLRDA. The most secure and the recommended way to buy JLRDA is from the IGNIS Token Sale link in the NRS Client, currently running V1.11.9.
You can use Jelurida’s online Nxt node or download and run the client locally – as light (no blockchain download) or full node. You can also use Nxt OFFLINE to create cold storage accounts to buy IGNIS.
JLRDA tokens cannot be transferred or traded until Ardor is launched – do not fall for scams.
Stay tuned for more up-to-date coverage on the ICO. We will explain in more detail about Jelurida, Ignis, Ardor, and everything else that is pertinent to this ICO. We won’t give trading advice.
Follow us on Twitter for breaking updates. And please help us grow as we continue to provide our readers with excellent and focused coverage on the ever growing blockchain space by rewarding us for our efforts – Donation address: NXT-TK9J-MEKH-MUP9-HFCH2.
This article is for educational purposes only. It is advisable never to invest more than you can afford to lose.
Ardor packages uploaded to the Jelurida repository will be signed with the
official Jelurida software releases signing key, 0xC654D7FCFF18FD55, already
used for signing the Private Blockchain Evaluation Kit packages.
The latest release 2.0.3e has already been uploaded to the new location.
In a few days, the old repository will be deleted, with a notice directing
users to the new one. Please update any hardcoded website links.
Early this morning, Jean-Luc, lead core developer of Nxt and Ardor, made an announcement on Nxtforum.org about the launch of the Ardor testnet. While some testing was already done by some members of the Nxt community who were very knowledgeable about the platform, as we mentioned in our previous newsletter, much more testing is needed to be done before the launch of mainnet in the third quarter of this year, thus the release of testnet. Also, this is a great way to experience the Ardor blockchain without risking any funds as the tokens are given away freely to people who want to try it.
At the moment, only .zip and .exe files have been released, so Mac users will have to wait a bit. Riker, core developer of Nxt and Ardor, mentioned that a client for Mac will likely be released in version 2.0.1e. However, users of Linux operating systems as well as Windows (32 and 64 bit) can get started now. Installation is very similar to that of the Nxt client, with the notable exception of some Ardor graphics.
Some activity has already been going on in just a few hours after launch. On the testnet Ignis child chain, a poll was started asking users about their favorite animal among the animals mentioned. You can take a look at this by choosing the Ignis child chain on the testnet client, clicking on “Voting System” and then “Active Polls”. Remember, while all transactions are processed by the main chain which takes ARDR, when you’re on a child chain all processing is paid for in the child chain token. So, Ignis tokens are required in order to cast your vote.
This is just one of the few things currently being tested at the moment. Get the testnet client and to find out how to request test tokens on ardorplatform.org today and experience this new blockchain platform. If you find any bugs, please report them over at Nxtforum on the announcement thread or through one of the channels listed on the website.
Damelon, of the Jelurida, has shared some previews with us regarding the Ardor platform.
This time a screenshot of the Coin Exchange, which allows users to exchange tokens in one child chain against tokens in another child chain, or against Ardor.
Here it is:
A preview of the dialog windows for bundlers has also been shared.
“Bundlers” will bundle child chain transactions and send them to the Ardor main chain where they will be “forged”. This operation costs ARDR. You can read more about how bundling will work in this newsletter.
Riker, one of the Nxt and Ardor core developers, has invited users on NxtChat on Slack who have a solid knowledge of Nxt to test the new Ardor software on the testnet, in order to speed up the opening of the testnet to general users, which is expected to happen in the near future.
As we are wrapping up the Ardor testnet release, and before we release it publicly, we are looking for power users who know NXT 1.x well to join us in testing the platform. This would be a volunteer base work (unless some whale would like to put an NXT or Ardor bounty for this). You have to be very technical, not easily frustrated and if you have prior background in software development and testing that’s a big plus.
What you will get is:
Access to an Ardor testnet public node first, then access to a binary distribution, and the chance to work with folks like JL, myself and other core devs side by side, who knows, perhaps this would also develop into an employment opportunity in the future.
Jean-Luc, Nxt and Ardor core developer, has published a chart on nxtforum.org that compares the major differences in the functionalities between Nxt and Ardor:
One parent chain with multiple child chains
The same token (NXT) is used for establishing the consensus and providing the security of the blockchain, as well as for the basic unit of value in all transactions
Only the parent chain token (ARDR) is used in the proof-of-stake consensus, and thus provides security for all child chains. Child chain tokens are used as transactional units of value only.
Transaction fees are paid in NXT only, requiring users to always have NXT in their accounts.
On each chain transaction fees are paid in the native token (coin) of that chain. End users do not need to own ARDR tokens.
Asset Exchange, Monetary System, Aliases, Messaging, Digital Goods Store, Voting System, Shuffling, Data Cloud, Phasing, Account Control, Account Properties
All these features are preserved in Ardor, and are available on each child chain. A child chain can optionally be restricted not to enable some features. The parent chain supports a limited subset of features, as it is intended to be used for consensus establishing only and not for everyday transactions.
Each passphrase maps to a single account. Passphrases can’t be changed, and there is no wallet file to store.
The same mapping of passphrases to account numbers is used as in Nxt. Accounts are global across all child chains, and an account can have balances in each of the existing child chain coins, as well as in ARDR.
There is a single coin (NXT), and unlimited user-issued Assets and Monetary System currencies.
Each chain has its own coin. Assets and MS currencies can be issued on any child chain, and are available for trading globally. Assets or MS currencies can optionally be restricted* to some child chains only.
Assets and MS currencies can be traded for NXT only.
Assets and MS currencies can be traded on any child chain, with price denominated in the corresponding child chain coin.
A new feature, Coin Exchange, allows trading of child chain coins to each other, and also to the parent chain coin (ARDR).
Asset dividends can be paid in NXT only.
Asset dividends can be paid in any of the child chain coins, by simply issuing the payment transaction on the corresponding chain. Additionally, paying dividends in another Asset or in MS currency has been implemented.
Crowdfunding feature is available in the Monetary System, but the funds must be collected in NXT only.
Crowdfunding feature is available on all child chains, and on each child chain the funds are collected in the corresponding child chain coin.
Shuffling of NXT, Assets, and MS currencies is available.
On each child chain, shuffling of the corresponding coin, or any Asset or MS Currency, is supported.
Alias names are globally unique.
Alias names are unique within each child chain only.
Currency codes and names are globally unique.
Currency codes and names are unique within a child chain only.
Pruning is available for plain and encrypted messages, and for tagged data (data cloud feature). Pruned data are retrieved automatically on demand from designated archival nodes.
Pruning and retrieving of all prunable data is available as in Nxt. In addition, the child chain transactions themselves are designed to be prunable and will not need to be stored permanently or re-downloaded by every new node. The actual pruning of transactions will be implemented later.*
Transaction IDs are 64-bit longs, and are globally unique.
The 64-bit transaction IDs are no longer guaranteed to be globally unique for child chains. 256-bit transaction hashes (sha256 digests) are used instead as transaction identifiers.
A “forging” process is used to create new blocks, with the probability of block creation dependent on the account NXT balance (stake).
The same forging algorithm is used as in Nxt, dependent on ARDR account balances only.
A new process, “bundling”, is used to group child chain transactions into a parent chain transaction (“child chain block”), which is then included in the parent chain. Any account can play the role of a bundler. The bundling process also performs the exchange of fees paid by users in child chain tokens into ARDR fees accepted by the block forgers.
Transaction execution can be made conditional, subject to approval using various voting models.
Same voting models as in Nxt, but phasing is possible on child chains only. Approval transactions can be on a different child chain from the phased transaction, and the by-transaction voting model also supports linking to a transaction hash on a different child chain.
Accounts can be restricted to use phasing only (mandatory approval).
Same as in Nxt, but accounts under phasing-only restriction cannot submit transactions on the parent chain, as those cannot be phased.
HTTP based, also with WebSocket support, transmitting JSON formatted data between peers.
Completely re-written and optimized, using native Java sockets and binary messages between peers. Block and transaction propagation has been significantly improved, by exchanging and caching information about currently available blocks and transactions between peers and only propagating the missing data pieces.
Mostly unchanged, except:
1. A “chain” parameter has been added to each API that is child chain specific.
2. 64-bit long transaction IDs have been replaced with 256-bit hashes.
3. All prices and rates that were previously defined relative to the smallest indivisible holding amount (“QNT”) are now defined relative to a unit of the holding (share).
Transactions are stored in the blockchain permanently, and need to be re-downloaded and re-processed by every new node, which after months and years of operation becomes a significant bottleneck.
All child chain transactions will be possible to prune completely, without affecting blockchain security, thus allowing the blockchain size to be kept much smaller. A new node joining the network only needs to download the parent chain transactions, followed by the latest snapshot of the current system state.*
* Functionallity marked with asterisk is planned to be implemented in a future Ardor release. All other functionallity is already implemented and currently being tested on a testnet blockchain.
Riker, Nxt and Ardor core developer, published a list of all the remaining tasks that have to be completed before the Ardor Testnet goes live. There isn’t an exact date when the the launch of the testnet will take place yet, but it will happen in this first quarter of 2017. It’s important to note that after some previous leaked images, the market capitalization of Nxt and Ardor went up, which shows how many people are keeping and eye on these projects. Obviously, there is a lot to be expected.
Getting closer to the Ardor testnet release but still some way to go.The server code is nearly complete and the APIs are mostly stable… Most of the work will now focus on getting the client UI ready for release
Here is a list of remaining tasks which we would like to complete before the official release:
– More work on the Coin Exchange page and tables
– Prefix each MS currency name with the name of the chain to which it belongs – partially implemented
– Ability to link from a child chain transaction to the ChildChainBlock transaction in which it was bundled – done
– Improve the entity properties modal to support entities like orders and offers – done
– Format amounts and links in the entity properties modal
– Test and fix currency reserve/claim tables and modals
– Remove child chain specific widgets from the Ardor UI
– Reomve Ardor specific widgets from the child chain UI
– UI for the new “by holding” dividend modal
– UI for the “by holding” dividend history