October 2017 (I)
Welcome again, fellow Nxters! October is here and that means delicious beers and ciders are just around the corner. In the world of the blockchain, we have much to catch you up on. The fourth round of the IGNIS ICO continues, Jelurida has new plans and more.
As always, we provide comprehensive, yet accessible coverage of the rapidly evolving and growing blockchain world. For our long-time readers we have the latest events; for our new readers, we have the info to make you an expert in no time at all. Sit back and enjoy.
- IGNIS ICO
- Jelurida – Barcelona is next
- Ardor vs. the Competition: IOTA
- Lior Yaffe – About Nxt/Ardor
- Blockchain: Making It More Than Just a Trend
NXT IN THE MEDIA
- Lior Yaffe in Medium – More About Scheduled Transactions and Controllable Currency
- Lior Yaffe in Medium – IOTA’s Copy Protection VS the NXT JPL
- Lior Yaffe in Medium – POS vs POW Revisited
- Investing – NXT and Ardor: The Future of Cryptocurrencies
- Varchev – “NXT алтернативата на Bitcoin и Ethereum”
- Btc38 – Ardor Challenges the Future
- Chinese Nxter Magazine – update
- Due – 101 Top Blockchain Companies
- TradingView – Ardor a Truly Bullish Graph
- TradingView – Ardor Breakout Big Release
- TradingView – NXT Trading Opportunity
- TradingView – NXT/USDT Poloniex Will be Going Up Soon. Look at this 4 Day TF
- Steemit – Ardor Buy Alert
- Weekly NXT/ARDR Price Evolution
This week’s newsletter is put together by James, Jose, apenzl, and rubenbc.
The fourth round of the IGNIS ICO is underway. After months of hype, it is now possible to participate in 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 buy. For more in-depth analysis of the fifth and final round of the ICO, follow our exclusive ICO reports.
At the time of writing, 44M+ JLRDA are available for 1.05 NXT per token.
|Dates||JLRDA tokens for sale||Price of 1 JLRDA in NXT|
|Sep 23 – Oct 21||100,000,000||1.05|
|Oct 28 – Nov 04||up to 100,000,000||1.45|
Live stats from the Nxt Blockchain
Jelurida – Barcelona is next
Tuesday – Thursday – team Jelurida in Barcelona at http://www.blockchainsolutionsforum.com/ we’ll have a booth and a speaker slot
Other confirmed Nxters that will attend the event are:
RubenBC (Nxter Magazine), VanBreuk (Nxt Foundation), Travin Keith (Nxt Foundation).
Ardor vs. the Competition
A couple months ago Segfaulsteve began writing a wonderful and detailed account of Ardor and the many advantages it has over the competition. His first post highlighted the technological supremacy Ardor has over Plasma, the next installment talked about the LISK blockchain and the functionality provided by it, and the third compared Ardor against NEM/Mijin/Catapult.
You can find the previous posts here:
- Ardor vs. Plasma
- Ardor vs. the Competition, Pt. 1: Lisk
- Ardor vs. the Competition, Pt. 2: NEM/Mijin/Catapult
The fourth installment of the series is now out. Ardor is compared against IOTA, which made the news last week for purposefully introducing bugs into the codebase in order to punish those who illicitly used their code in their projects. Further down Lior Jaffe wrote about this on his Medium blog.
Lior Yaffe – About Nxt/Ardor
Lior Yaffe, aka Riker, Nxt/Ardor core developer and co-founder of Jelurida, gave on the 1st of October a speech in Tel-Aviv about the blockchain, different consensus algorithms, such as PoS and PoW, and of course, Nxt and Ardor. A lot of people gathered together to listen to Lior’s explanations, as we can see in the following picture.
If you weren’t able to attend, you can still watch Riker’s presentation. You just need to log-in to your Facebook account and click on the following link: https://www.facebook.com/NxtBlockchain/videos/835856146575251
Turn up your speakers to hear this light introduction to the blockchain and Nxt/Ardor.
Blockchain: Making It More Than Just a Trend
Travin Keith, member of Nxt Foundation, will co-host and moderate this Brighttalk.com webinar. Travin does this on behalf of Agavon.
The blockchain has the attention of the world right now, it is a buzzword. But is it just a fad? Many people across the world, especially in America, believe in the impermanence of distributed ledger technologies, citing China’s closure of their BTC exchanges as proof. The grassroots of the blockchain have taken root with many extant opportunities for implementing disruptive change on the horizon.
A panel of experienced blockchain specialists will discuss:
-Viability of Use Cases – Just because a centralized database can be more efficient doesn’t mean it’s the most viable
-Preventing Blockchain from Being Just a Trend – if blockchain isn’t viable as the solution, it shouldn’t be used
-Public vs Private Blockchain Use
-State of the Industry – Understanding that a lot of the platforms and frameworks are in their early stage of development and that support may not be readily available
Travin Keith (Agavon), Sergey Ivliev (Lykke), Vlad Dramaliev (aeternity), Makoto Takemiya (Soramitsu)
Janus – Status Update
Hooray, Janus (JNS) has successfully been migrated to the Ardor platform, so once Ardor launches its mainnet (Q4) all Janus tokens will be confirmed. There is still not a definite launch date for Ardor yet. Nonetheless, the transition from JNS tokens being NXT based to ARDR based will be seamless for users.
In Bjorn’s words:
Bjorn: Final message from me for today: Janus tokens are confirmed to be part of the Ardor platform when ARDR goes live. NXT/Ardor developers have not released an exact launch date but you should all have a very easy transition with JNS tokens from NXT to Ardor.
Business site update
Janus’ lead developer, Lobos, updates us:
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.
Side business: JNSHash Mining
Last week the Janus team posted a video on Youtube…
The subject came as a surprise to most investors and followers, Janus explains:
Adel – Status Update
Gabriel Dusil spoke about Adel at the Blockchain and Bitcoin Conference in Stockholm last week. The co-founder of Adel spoke about the blockchain incubation that Adel helps execute. The Adel ecosystem is explained in great depth to an eager crowd. The innovation fostered by Adel is great for growth in the blockchain space as they provide the resources to small projects. The diverse assortment of the projects they sponsor and incubate help great ideas get to market.
Moreover, TheWireMaster wrote this week about Adel.
— The WireMaster (@wire_master) September 30, 2017
Adel’s first incubated project will be iFin.io.
Bitswift – Status Update
Bitswift is looking for enthusiasts to join their team. The Bitswift.shop is nearing completion and they need people to help the grow.
In their words:
Are you a tech enthusiast in Canada ? Want to make a business doing what you love ? Want to earn a bonus in crypto-currency ? We provide insurance, branding, training, business connections, references, access to distributors, and much more. If you are interested in joining the Bitswift team get in touch with us. firstname.lastname@example.org
We will equip each rep with access to the shop, discounts for reps will be significant to ensure they can be profitable while re-selling to homes and business customers.
DeBuNe – ERC20 Token Swap
The DeBuNe ICO is announced and it will be based in the Ethereum AE.
One of the reasons our community remains small is the fact that many people still are not aware of us or our platforms. We need to raise awareness and Roberto’s ICO in ETH is an opportunity to do so. The Ethereum community is much larger than the Nxt community and DeBuNe will act as a double agent for us. Infiltrating their network and community to sow the awareness of the Nxt / Ardor community. We hope. 🙂
In Roberto Capodieci’s own words:
Guys, you all know my devotion for Nxt since day 1 (or even -1 for that matter). There are MANY reasons why finally the DeBuNe fundraising is in Ethereum and not (again?) in the Nxt AE.
Some are practical:
1) liquidity in ETH is much higher than liquidity in NXT
2) audience in Ethereum is much wider than in Nxt
3) ICOs ARE in Ethereum
4) It is a GOLDEN opportunity to grab attention of the wide Ethereum community and point their attention to Nxt/Ardor
The swap of AE DeBuNe toward ERC20 Ethereum tokens is at 1:1.5
(for each 1 DeBuNe from the Nxt AE you get 1.5 DBN ERC20 tokens).
AE <> Token swap will end the 30 of October 2017!
DeBuNe Pre ICO will start the 1st of November and will sell 1DBN at 0.02ETH (for large quantities).
Roberto has provided a way for DeBuNe Nxt asset holders to swap directly to his blockchain tokens.
Today he writes:
NOTICE FOR THOSE THAT DON’T WANT TO USE ERC20 / ETHEREUM
A) Some of you have contacted me asking how to avoid the swap with the ERC20 tokens and swap directly with the DeBuNe blockchain tokens.
B) Some of you simply don’t want to deal with Ethereum. I understand and appreciate this.
I want to clarify that DeBuNe is NOT being implemented with Ethereum.
Case A) I am open to this possibility, and I apologise for not thinking about it beforehand. In this case return the AE token from an Nxt account you will be able to use in the future to send me the DeBuNe blckchain account where I will send the matching DBN.
Case B) For those of you that prefer to skip the ICO in Ethereum, I been suggested to talk with Komodo Platform to run a BTC ICO there. I am absolutely open to this, and I understand this makes many of you happier. I will discuss with Komodo the how to, and if all is ok we will proceed to offer DeBuNe also there. Note that in this 3 years I have delivered several working Blockchain projects. I have made a good estimate that for a successful phase 1 of DeBuNe we will need at least USD2M for initial work and bounties.
Please let me know if you need more clarifications and have more suggestions, I will be happy to do my best to make it right to everyone.
HOW TO CLAIM YOUR ERC20 DeBuNe tokens
First, take note of the addresses of the AE and the ERC20 token:
ERC20 Token: 0x570295aeC9b7196300885eC594049c1C50fEB09c
DeBuNe Asset Id: 6926770479287491943
Send your DeBuNe assets to NXT-GQ27-DD53-YM6K-ER6HK adding in a message (either public or encrypted) the Ethereum wallet where you want to receive the ERC20 token.
Requests will be collected until the end of the month of October 2017, and the ERC20 tokens will be sent only after the ICO is started. Swap requests received after the end of October MAY not be fulfilled.
NXT IN THE MEDIA
Lior Yaffe in Medium – More about Scheduled Transactions and Controllable Currency
Riker wrote about the lessons he and Jelurida learned from the early round of the IGNIS ICO. Important lessons were learned, highlighted below:
- If the demand for your token is higher than the supply, rest assured someone will try to buy it before anyone else.
- If your token can be freely traded, your price levels has no meaning since users can trade it for a better price between themselves.
The NXT Blockchain has an elegant solution for these two problems
Lior Yaffe in Medium – IOTA’s Copy Protection VS the NXT JPL
Once upon a time, before Lior joined the Nxt team, faulty code was written into the Nxt codebase. The reasoning behind doing this was to spur bounty hunters to spend their resources analyzing the code, find the purposeful bugs, and hopefully, find actual ones as well. The existence of the “3 flaws” were publicly announced and kicked off a bug-hunt that lasted almost 3 months.
Now we heard of IOTA doing the same thing in their code, as a copy protection mechanism but without announcing it publicly beforehand. Jelurida’s solution to open source vs having copycat clone issues is the terms written in the NXT JPL. TL;DR: Any non-commercial usage of the Nxt codebase needs to reimburse the community with 10% of the total tokens created. This way the members of the community are financially rewarded for the dilution of the ecosystem.
Lior Yaffe in Medium – POS vs POW Revisited
Nxt / Ardor / Ignis are PoS (Proof-of-Stake) based. This system is much better when it comes to energy consumption as hashes are not created and immediately thrown away in PoW (Proof-of-Work) based systems like Ethereum and Bitcoin. The consensus comes from the community and there is no need for “mining” hashes that come up with 30 or 40 zeros like in Bitcoin. Lior writes about some of the misinformation about this debate.
Few weeks ago I published https://medium.com/@lyaffe/nxt-proof-of-stake-theory-vs-practice-e895ac8cb5bf where I explained why the simple proof of stake algorithm used by NXT is practically secure. Still I didn’t claim it is more secure than Bitcoin’s and Ethereum’s proof of work. Now I do.
…try to close a proof of stake network like NXT. You close it in China, it will take users an hour to setup all nodes again in Hong Kong. There is no centralized lucrative target you can attack.
Investing – NXT and Ardor: The Future of Cryptocurrencies
Investing.com wrote about the future of cryptocurrencies and how it lies in the creation of better blockchains that allow better features while maintaining the main benefits of confidentiality, security, and decentralization. One of the pioneers in this new shift is Jelurida, the creator of NXT and Ardor.
This is where Jelurida comes in – the NXT Blockchain – their flagship product, is a lot more energy efficient than both Ethereum and Bitcoin. It is also a lot more stable than the two.
Ethereum has been subject to multiple severe security breaches that have wiped out investor’s savings. NXT has been operational since 2013, and there has been no security incidents since then. Furthermore, the blockchain is a lot more stable despite the lower capitalization. This success can be attributed to the technical team that has repeatedly been testing the blockchain to ensure that the source code is continually updated…
Vachev – “NXT алтернативата на Bitcoin и Ethereum”
An interesting Bulgarian language article about cryptocurrencies, highlighting the main components of the major players in the blockchain space – including Nxt / Ardor.
— Jelurida (@Jelurida) September 26, 2017
Btc38 – Ardor Challenges the Future
Chinese language article from China exchange btc38 about Ardor. Lior Yaffe recently returned from China after headlining a Meetup in Shanghai.
Riker: Article about Ardor on btc38 http://www.btc38.com/news/2017/9/15509.html – sitting next to me on the sofa is the co-founder of Binance. On the 2nd photo you see Duke from http://www.chainshome.com/ who was my host in Beijing. If someone wants to translate.
riker – Binance said that they will look into adding Ardor once it is running on mainnet and open source. It will still require to join a voting campaign on their web site and get to one of the top spots.
Chinese Nxter Magazine – update
Speaking of China… Last week we soft-launched the Chinese Nxter.org. Lots of work to do still, but for starters, here’s some key articles about the Nxt (and soon IGNIS) features:
Due – 101 Top Blockchain Companies
Ardor is recognized as one of the top blockchain companies…
Ardor is the next generation blockchain-as-a-service platform. It has been built on the successful Nxt technology and is designed with unlimited scalability, safe smart contracts, and customizable child chains. These features are designed to increase business profits, efficiency, and security.
TradingView – Ardor a Truly Bullish Graph
TradingView – Ardor Breakout Big Release
TradingView – NXT Trading Opportunity
TradingView – NXT/USDT Poloniex Will be Going Up Soon. Look at this 4 Day TF
Steemit – Ardor Buy Alert
With a current Market Capital of approx. $208m and Ranked No.35 in the #CryptoCurrency Market, #Ardor has seen an explosive growth these last 5 months.
We maintain a BULLISH recommendation on #Ardor and will continue to monitor the #technicalanalysis over the next few weeks/months.
Weekly NXT/ARDR Price Evolution
The following graphic shows the NXT / Bitcoin exchange price at Poloniex over this past week:
The following graphic shows the ARDR / Bitcoin exchange price at Poloniex over this past week:
Live stats from the Nxt Blockchain Asset Exchange:
And that is all for this week, Nxters. Stay tuned next week for more up-to-date coverage on the final round of the IGNIS ICO, the launch of Ardor, ongoing projects, and much more. For those who cannot wait a week to learn more, visit our site. We will explain in more detail about Jelurida, Ignis, Ardor, and everything else that is pertinent to this great ICO.
Follow us on Twitter for important breaking updates during the week as they happen. Stay tuned and stay informed, dear readers. See you back here next week!
Help us grow and help us continue to provide excellent and focused coverage on the ever-growing blockchain space by rewarding us for our efforts. Donation address: NXT-TK9J-MEKH-MUP9-HFCH2.
Latest posts by James (see all)
- Nxt News – October 2017 (III): If you Really Love Something Just go out and do It - 17/10/2017
- Nxt News – October 2017 (II): The Way to Get Started is to Quit Talking and Begin Doing - 09/10/2017
- Nxt News – October 2017 (I): Success is Not Measured by the Position you Have Achieved in Life but by the Obstacles you Have Overcome - 02/10/2017
View this in: Español