Welcome, dear Nxters and other followers!
The cryptocurrency world had another turbulent week, token values are down and many countries are considering bans and lawsuits and the EU prepares to implement GDPR (more on this below). Yet it was not all bad news as the US and UK governments continue to look for ways to productively embrace blockchain technologies and the wonderful Nxter community continues to produce great aides to help people begin using our scalable 3.0 blockchain solutions.
Last week saw the release of great video demos for using the Ardor client, Lior Yaffe and the Jelurida team responded to community criticism, an Ardor blockchain 2FA mobile app is being developed, Japanese language Ardor guides were released, a Bitswift give-away using a contract on the Ardor blockchain to pick the lucky winner took place, and much more.
We welcome back our old readers and warmly welcome our new ones. We want our readers to stay up-to-date with the blockchain evolution as it happens and become experts in the Nxt / Ardor / Ignis blockchain ecosystem. So lean back and learn about all of last week’s progress.
- Lior Yaffe Talking Community
- Getting Started PDF
- Video Demos by CryptoDemetrius
- Update + New Series Announcement (Ardor and Ignis demos!)
- Blockchain Ardor: Demo of Web Wallet Account Creation and Features Overview
- Blockchain Ardor: Demo of Full Wallet Download, Light Client, New Account, and Forging
- Japanese Ardor Guides
- How to Install Ardor on Mac?
- Nxt Wallet Initial Configuration
- Overview, Bithumb, Dontoshi, CoinPulse, Lescovex
BUSINESSES ON ARDOR
- Ardor Armory – Blockchain 2FA
- Direct Exchange – Buy Small Amounts of ARDR / NXT / IGNIS
- Weekly Reminder – Ardor vs GDPR
- Discussion – Is it Possible to Create an Ardor Child Chain that has Child Chains?
IN THE MEDIA
- Nxter.org – NXT/ARDOR: A SKY OF CLOUDS
- Nxter.org – ARDOR: A TOUR THROUGH UTOPIA (I)
- Nxter.org – ARDOR: A TOUR THROUGH UTOPIA (II)
- Lior Yaffe in Medium – Blockchain — We Need Standardization
- Bitcoinist – How Can You Integrate Smart Contracts In Your Business Operations?
- Steemit – Korean Post about Ardor Nxt and Jelurida
- Euromoney – G20 Ministers Wrestle with Cryptocurrency Oversight
This week’s newsletter is put together by jose, apenzl, James, and rubenbc.
Lior Yaffe Talking Community
Last week Lior Yaffe, co-founder of Jelurida, answered questions. The team members responded, bluntly, about the perceived lack of marketing efforts. Jelurida does not hype their products enough and the value is too low – the team members do not care about the products as much as the community… and more. Lior and others strongly responded to these silly claims.
Folks, would you come down? the whole market is down now regardless of which token is listed in which exchange. You want me to start listing all our activities since Jan 1st?
Each of the team members put 12 hours a day 6 days a week. Some of the activities are not public but many are public. We are building a long term operation and the transition from open source community to a functional business especially in the public blockchain industry is complex.
We have huge technological advantage, with the parent/child chain architecture and this brings us very interesting business opportunists.
We are building the whole operation from scratch, many of the businesses which approach us are not sure themselves what exactly they want to achieve and how much they are willing to spend. We need to educate them about what is possible now, what can be developed and what is out of the question. Closing commercial deals is much more difficult than posting on Twitter (which we regularly do now).
We now regularly appear in conventions, we have a PR company that helps us push positive articles, we push email updates, we hired a company to do translations, we prepared the Starla videos, I just came back from the first ever developer workshop, we hired an office in Lugano, we have Swiss employees, marketing manager, several sales people. We are hiring more and expanding.
The corporate culture of Jelurida is not to hype and over promise and not to go for extravagant marketing initiatives. I assume you know that already, it’s not gonna change.
I would like to add that I am very confident that the work we are doing is going to lead us to a solid and sustainable organization. Business processes are the key of efficiency in all departments. And we have bottle-necks, like every single startup at this stage. And we put efforts to solve them.
Nobody in this community is asking for hyping, over-promising, or extravagant marketing. If that’s how you see or translate the questions and needs from this community imo you’re understanding it wrong. Fact, in my opinion, is that after a couple of months and millions of ICO money, there’s not a lot of improvement showing (!) post ICO. On the contrary, CMC ranking (and that’s why most people are invested) has gone down. Disappointment is totally understandable when every shitcoin without proper product manages to get both price and attention up, while Jelurida fails at this. You should understand that the community does not necessarily care about Jelurida the Software Company. It’s a means to an end, either promoting a more decentralised libertarian world, or just getting ROI on invested money, or getting cool tech to use for projects. Again, pls stop saying the community demands hype and empty promises. Imo that’s not a fair argument.
Marketing ability is a very important index for a company to succeed.
Skylar – CryptoDemetrius
And engaging with the community in a productive way. Apple needed their major fans to make it what it is. This ship doesn’t sail without wind.
We are working with several exchanges to list our tokens and if an exchange comes with reasonable terms we will pay some listing fee to cover their listing costs and provide them with some tokens for promotion. You are right that we are not chasing and bribing exchanges to list us (which seems to be common practice these days). Would you like to see us paying 6 digits € amounts for exchange listing? Don’t we have better things to do with our precious funds?
Typical scenario is that we agree with an exchange on terms and promotion, sometimes even sign a contract, then they disappear for a couple of months not even answering our emails, finally getting back to us claiming that the token is listed, it takes 10 minutes to figure out that most basic functions doesn’t work, then they disappear again, we have a couple of these in the pipeline.
One good thing I can say about Bittrex is that they made sure everything was 100% operational before they announced support for Ardor and Ignis.
Getting Started PDF
A big shout-out to the new community member, CryptoDemetrius, for compiling a comprehensive list of links for those who want to learn and use Ardor and explore the growing community of child chains like Ignis.
This is an outstanding work. Thanks to @CryptoDemetrius for taking the time to compile this. To all those riding or interested to ride on the blockchain train to the future, this is just all the information you need. #Ardor #Blockchainforall #Blockchainfuture https://t.co/m72ncBKr4f
— Ardor Platform (@ArdorPlatform) March 27, 2018
Youtube Demos by CryptoDemetrius
On top of the PDF of links, CryptoDemetrius also released some excellent video demos about using the Ardor client and interacting with Ignis, the most feature-rich child chain of Ardor. Learn how to set up an account, learn about important terminology, and much more. These videos are a great way to enter into the Nxt / Ardor ecosystems and can easily get a blockchain novice using blockchain technologies!
Update + New Series Announcement (Ardor and Ignis demos!)
Blockchain Ardor: Demo of Web Wallet Account Creation and Features Overview
0:00 – Introduction 0:30 – Web Client Website and Security 1:03 – Creating a New Account 2:10 – Using an NXT Account to Access Ardor and Ignis 2:33 – Logging In 2:51 – Navigating between Child Chains in the Web Wallet 3:33 – Send a Transaction 3:47 – Checking my Receiving Address 4:01 – Checking Transaction Histories 4:27 – Contact Book 4:38 – Built-in Coin Exchange 5:44 – Summary
Blockchain Ardor: Demo of Full Wallet Download, Light Client, New Account, and Forging
0:00 – Introduction 0:12 – Why Use the Ardor Client? 1:00 – Downloading the Ardor Client 3:41 – Light Client 4:22 – Test Net 5:04 – Log in or Create a New Account 6:43 – Using NXT to Access Ardor and Ignis 6:55 – Forging
Japanese Ardor Guides
Japanese language guides were released last week. They explain how to set up a Nxt wallet and how to install the Ardor client on a Mac. Thanks to our great Japanese community members for making these guides!
A simple and easy to digest list of the latest relevant changes to exchanges:
Readers like you can actively vote to get Nxt / Ardor / Ignis listed on more crypto exchanges.
Let your voice be heard:
You can vote for NXT/ARDR/IGNIS:
You can vote for NXT/ARDR/IGNIS there:
ARDR will be listed here, thanks to our community BUT:
We can also ask them to list NXT and IGNIS – by upvoting daily:
Enlightening Minds with the Blockchain on Friday, April 13th
Blockchain for Business in Baytown, TX presents their first Meetup, which will be held on April 13th, from 7:00 PM to 9:00 PM at a local Starbucks. The host will be and there will be hands-on demos with functional blockchains.
We started this group to meet other Blockchain enthusiasts and put together ideas, solutions, and ways to boost the blockchain sector. All skill levels are welcome. We are looking forward to meeting everybody.
Meet up at Starbucks, 4557 Garth Rd, Baytown, TX 77521, EE. UU.
• What we’ll do:
Introduction to blockchain technology and how it applies to business. Both businesses and software developers will find a place in this emerging field. We hope to facilitate the future applications from both points of view.
• What to bring:
Bring your Laptop or Android Tablets and we will download and explore a functional blockchain. Downloading the latest version of the Ardor platform is highly helpful: https://www.jelurida.com
• Important to know:
We are all here to grow and learn. So share your insights.
BUSINESSES ON ARDOR
Janus – Status Update
Last week the Janus team announced that the KREDS token has been added to some new exchanges.
— Luis_Janus (@FloatingLamps) March 30, 2018
If you enjoy #cryptocurrency with actual products using the currency then head to https://t.co/ruCSTpFGI5 and follow @kredsblockchain
Buy on @graviex_net or @CryptoBridge and many more exchanges. No ICO just real work.$DBC $BTC pic.twitter.com/xux877VwSo
— Janus (@Janus_Token) March 29, 2018
Do you want more info about Kreds? Visit: https://www.kredsblockchain.com/
Janus asset ID on the ARDOR platform: 4348103880042995903
Ardor Armory – Blockchain 2FA
Nxters! Community member, Patoshi, is developing an Ardor two-factor authentication (2FA) app for Android devices and is now looking for feedback and testers. You can help him and his project to take off by downloading the Ardor Armory app, create an Ardor account with it, fund the account and start testing its features. This app lets you conduct transactions on any Ardor GUI wallet without the worry of exposing your secret Ardor passphrase, as all transactions are signed locally inside the mobile app using trusted nodes.
▪ Blockchain based 2FA (Ardor Account Controls) notification in app
▪ Sign transactions on your phone vs typing in your Ardor passphrase on the desktop.
▪ Broadcast “signed” transactions via trusted nodes or use your own custom one.
▪ Identicon implementation. Unique visual representations of your address used for visual verification.
▪ Pin Protection
New to offline Ardor Transaction Signing? Learn more.
Direct Exchange – Buy Small Amounts of ARDR/NXT/IGNIS
Last week we mentioned a small exchange being under development by SwisAlps, a long time Nxter. Here is an update as they enter the second test phase.
A few words about the current tests of the ArdorExchange… The PhaseTestOne is done and seems ok.
We start now PhaseTestTwo. You can now do the following :
- change your BTC to get ARDR
- change your BTC to get NXT
- change your NXT to get ARDR
- change your ARDR to get NXT
The amount is now variable, the minimum amount stays a 100 NXT / 100 ARDR but the maximum amount is now 2’000 ARDR.
For the moment, this is quite fun… (still working to automate the stuff…. )
Weekly Reminder – Ardor vs GDPR
Companies that collect data on citizens in EU countries must comply with new rules by May 25. This is when EU’s General Data Protection Regulation (GDPR) takes effect. In essence, this is about the “right to be forgotten” and how deleting and pruning data can be very difficult with most public distributed ledger technologies – but is a natural part of all Ardor child chains.
After four years of preparation and debate the GDPR was finally approved by the EU Parliament on 14 April 2016. Enforcement date: 25 May 2018 – at which time those organizations in non-compliance may face heavy fines.
The GDPR, an evolution of the EU’s existing data rules, the Data Protection Directive (DPD), standardizes data protection law across all 28 EU member states and imposes strict new rules on controlling and processing personally identifiable information (PII). GDPR applies to all organizations holding and processing EU resident’s personal data, regardless of geographic location. The GDPR adds requirements for documenting IT procedures, performing risk assessments under certain conditions, notifying the consumer and authorities when there is a breach, as well as strengthening rules for data minimization – and increasing fines for failures to comply.
You can read more here.
According to GDPR people must be able to demand that their personal data is rectified or deleted, but you can not just modify or delete data stored in a public decentralized blockchain, can you? Transactional data stored on a blockchain, whether in plain text, encrypted form or after having undergone a hashing process, constitutes personal data for the purposes of the GDPR, and public keys equally qualify as personal data as a matter of EU data protection law.
TL;DR: not many public blockchains are compatible with the GDPR.
I can. Ardor
— Sazan (@AvdiuSazan) March 27, 2018
In #Ardor all child chain transactions will be pruned after they are stored deep enough in the blockchain (24 hours) only their hash remains. Parent chain transactions mostly store balances of block validators, less problematic from privacy perspective.
— Lior Yaffe (@lioryaffe) March 27, 2018
There is no UTXO in Ardor, we use accounts to track state. Nodes only save the latest state of each account and the last 24 hours of transactions. So less of a privacy issue, since message transactions will disappear (but account properties will be maintained by each node)
— Lior Yaffe (@lioryaffe) March 27, 2018
End of reminder. Additional information about Ardor and child chain pruning can be found in Jelurida’s whitepaper.
Discussion – Is it Possible to Create an Ardor Child Chain that has Child Chains?
The Nxtforum fostered an interesting discussion: can Ardor clones be synchronized with Ardor? This effectively allows for a child chain to have its own fully functioning child chains. Talk about recursive! The discussion is below and possibly contains insight into what the future of Ardor and Nxt could be.
igmaca – Technically is it possible to create an Ardor child chain that has its own child chains ?? that is, create an Ardor clone whose main chain is synchronized with ardor coin. or something similar. Why does Jelurida not offer ardor clones synchronized with ardor?
Petko in slack – “In Ardor the forgers validate all child chain transactions before extending the blockchain with the newly generated block. Honest forgers will not build on top of [an] invalid blockchain. This is what secures the network. A new node joining the network processes the ARDR chain, then downloads the snapshot for some block like a day ago (which is buried below enough blocks, but not too old) and processes the child chain transactions from that block until now. This is how the node knows the child-chain balance of some account. (Snapshots are still not released, but that’s the plan).
So if the child-chain balances are used to forge another parent chain (in the ArdorClone network), how will a new node joining the network process the ArdorClone parent chain (whose balances are synchronized with an Ardor child chain)? It must process the ARDR chain, and also all transactions in the Ardor child chain. So it must process two parent chains instead of only one in the case of a normal Ardor clone, not “synchronized” with an Ardor child chain. OR we could think for some other way for the ArdorClone stakeholders to vote for the best ArdorClone parent chain at some moment in time, which voting to not require processing the history of the ArdorClone child chain in Ardor. Hm it’s not a bad idea. Maybe for Nxt 3.0 🙂
IN THE MEDIA
Nxter.org – NXT/ARDOR: A SKY OF CLOUDS
This guest piece by WatchTower speaks optimistically about the future of Nxt and Ardor. His passion is as inspiring as his blockchain use cases are interesting and insightful.
Nxter.org – ARDOR: A TOUR THROUGH UTOPIA (II)
A continuation of a previous article, this guest piece by WatchTower highlights the voting system functionality of Ardor with great detail. A good read to learn about the nuances of creating polls and voting on the Ardor blockchain.
Lior Yaffe in Medium – We Need Standardization
Ever the paragon of wisdom, Lior Yaffe wrote about the importance of the blockchain community coming together and self-regulating itself by introducing standards. Standardization might cause your eyes to glaze over, but it is a non-trivial thing that leads to significant cost savings and greater rates of adoption. The blockchain community has no standard way to run a crypto exchange or anything else, leading to vast inefficiencies that cause great frustration to end users – look no further than how long it took for exchanges to enable ARDR / IGNIS trading despite announcing support weeks and months in advance.
At the moment, an accountant for a blockchain company has to have a degree in computer science. We need better tools to manage crypto accounting, which are certified by governments so that not every yearly report is a unique project.
I’m hereby calling crypto exchange managers and blockchain developers to sit together and start working on industry standardization since blockchain will never get mainstream without it.
Bitcoinist – How Can You Integrate Smart Contracts In Your Business Operations?
This article explains how the Nxt and Ardor blockchains help businesses implement and deploy smart transactions into their business operations. The unique benefits of using these Jelurida technologies are explained and elaborated below.
Developed from the ground up to provide businesses and independent developers with a comprehensive framework to develop open source software, NXT stands as a testament to the potential to incorporate blockchain technology for businesses worldwide.
The service has multiple “levels” depending on client needs, ranging from an open source public chain for hobbyists and smaller developers to licensed chains that can be customized in according to specific privacy and security metrics.
The introduction, open source, version is perfect for companies that feel that blockchain technology can improve their efficiency but do not want to invest too much in testing. You can easily go from a small beta to working with a private bespoke version with ease, thanks to the nature of the platform and Jelurida’s team of expert programmers.
While the Nxt Blockchain Platform is designed for integral-usage, the Ardor Blockchain Platform is meant to be utilized by a diverse array of employees, managers, contractors, and ancillary third-party individuals that routinely interact during business hours.
It is designed to specifically address issues commonly found in traditional blockchain implementations. For instance, “child chain transactions.”
These are the smaller transactions that crop up in smart contract implement.
Jelurida is a blockchain development company focused on providing businesses throughout the world the opportunity to embrace blockchain technology without compromise. From being able to control what is kept in the blockchain to determining the limits of its integration in the company, Jelurida makes it easy to integrate the latest in digital communication and accountability technology without wasting time or resources.
Jelurida’s goal is to provide businesses access to technology in a manner that leaves IT professionals secure in the knowledge that the software will be maintained and improved over the long term. Thanks to the open source nature of the Nxt blockchain, even if the company completely changes direction a vibrant community will step in to make certain that installations worldwide can still operate effectively and safely.
Steemit – Korean Post about Ardor, Nxt, and Jelurida
Korea is one of the biggest markets for ARDR trading. This Korean-language post informs about the unique selling points and advantages of the Ardor and Nxt blockchains, both of which are actively developed and supported by Jelurida.
심볼 : ARDR
발행날짜 : 2016. 07.
총 발행량 : 약 9억9천9백만개
목표(특징) : 거래 및 기술 솔루션
Euromoney – G20 Ministers Wrestle with Cryptocurrency Oversight
As the G20 met to discuss how best to regulate blockchain tokens, our old friend – Travin Keith – was interviewed. Read his insights about regulation and token differentiation.
Travin Keith, Agavon, CEO of blockchain consultancy Agavon, says a more subtle approach is needed, distinguishing between different cryptocurrencies and regulating them accordingly. Bitcoin, Bitcoin Cash, Litecoin, SmartCash, Dash, Monero and Zcash have characteristics that look like currencies, he says, but Ardor, Nxt, Byteball, Ethereum, Waves, Komodo and Lisk are better defined as platforms. They provide their technology as a service, with their coins’ value deriving from a mix of utility value and speculation, he adds. The more cryptocurrencies that are launched, the more differences there are between them all, and the more outdated the idea they are all essentially variations on the bitcoin theme becomes.
Weekly NXT/ARDR/IGNIS Price Evolution
The following graphic shows the NXT / Bitcoin exchange price at Bittrex over this past week:
The following graphic shows the ARDR / Bitcoin exchange price at Bittrex over this past week:
The following graphic shows the IGNIS / Bitcoin exchange price at Bittrex over these past days:
That is all for this week, Nxters.
Follow us on Twitter or Telegram for important breaking updates during the week as they happen. Happy Easter to you all. See you back here next week! We will keep you updated on the growing world of distributed ledger technology.
Help Nxter.org grow and help us continue to provide excellent and focused coverage on the ever-growing blockchain space by rewarding us for our hard efforts. Donation address: NXT-TK9J-MEKH-MUP9-HFCH2 / ARDOR-TK9J-MEKH-MUP9-HFCH2.