May 2017 (V)
Here’s some of the latest news about Nxt over this past week in May:
- Jelurida – Lior Yaffe Interviewed by El Pais
- Janus – Projects Elaboration
- Adel – Last Days to End the First ICO Round and Start Voting for the Post ICO Plan
- Capodieci – Emulating MultiSig in the Nxt Blockchain
- Zhgtrade – New Market ARDR/CNY
- Updated the Nxt FAQ Document on Reddit
- Nxt Foundation Recognizes John McLeod for All PR Help Since 2015
- mrv777 – My Little Explorer Project is Coming Along
- Jaxx – Will Add Ardor & NXT + Many More
- Future Blockchains – Theoretical Use Cases with the Voting Feature and Asset Exchange of Nxt
- NXTBridge – WordPress Plugin for Nxt Users
NXT IN THE MEDIA
Here below are more details about each of these:
Jelurida – Lior Yaffe Interviewed by El Pais
Lior Yaffe, Nxt and Ardor core developer and a member of Jelurida, attended the Retina Technology Forum, an event that occurred on May 9th at Palacio de Congresos in Madrid, Spain. The event was organized jointly by El País, the biggest newspaper in Spain, and Accenture.
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.
Source and more information: https://www.jelurida.com/el-pais-interviews-lior-yaffe
Janus – Projects Elaboration
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. .
— Luis_Batista (@FloatingLamps) May 23, 2017
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.
More information: https://adelphoi.io/content/pdf/wp_11.pdf
Capodieci – Emulating MultiSig in the Nxt Blockchain
Roberto Capodieci, partner of the Nxt Foundation, CEO of DeBuNe, DigitalBillions, and OTDocs (Open Trade Docs) and founder of TheSoundKey and Go.Notifile.me, has made a step-by-step video tutorial that shows how to create a multisig account with Nxt using the core feature known as “phased transactions“.
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.
More information: https://www.nxter.org/es/tutoriales/
Zhgtrade – New Market ARDR/CNY
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.
Updated the Nxt FAQ Document on Reddit
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.
Source and more information: https://nxtforum.org/general-discussion/nxtardor-faq-on-reddit
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 – Will Add Ardor & NXT
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.
More information: https://jaxx.io/
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.
To sign any Nxt blockchain transaction you can use our NXTBridge-Offline client.
apenzl says: I scan through different transaction types which can be signed OFFLINE within NXTBridge now. And….. I am really in love with Nxt. Will post videos shortly. 🙂
Consider sending a donation to the developer to boost development ->
You can see more information about our plugins on https://www.nxter.org/nxtbridge/
NXT IN THE MEDIA
Steemit – Why you should invest in ARDOR and NXT (before it is too late!)
Askaran, author of this review on the Steemit platform, after a brief introduction to Ardor, listed and defined all the features Ardor has in common with the Nxt kernel. The Alias feature, Voting System, Account Control, Multisig, Encrypted Messages, Data Cloud, Descentralized Asset Exchange, and the Decentralized Marketplace are some examples that Askaran looks into. When asked about whether to buy NXT or Ardor, Askaran argues that the two are very good options.
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.
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.
Source and more information: https://steemit.com/cryptocurrency/@askaran/why-you-should-invest-in-ardor-and-nxt-before-it-is-too-late
Weekly NXT and ARDR Price Evolution
Below is the price evolution of the NXT:BTC trading pair at Poloniex over the past week: