Welcome to the SuperNET.
James has been in deep coding mode, resulting in a total reconstruction of the SuperNET CORE, improvement of the distributed Multigateway (MGW), and some new SuperNET tech. Meanwhile, the rest of the decentralised dev teams/coins and services in SuperNET has been busy as well. This newsletter will give you an update on James’ work, the CORE coins and services. As you can see, SuperNET progress hasn’t slowed down at all! Dive in 🙂 SuperNET Slack can be joined by sending a request to: firstname.lastname@example.org.
- Syscoin joins SuperNET
- SuperNET Clients
- Litewallet review
- Full client release
- SN enhanced NRS release
- SuperNET Android Client release
- CORE code update
- SuperNET Projects
- SuperNET Blog
- NeoDICE released
- NeoDICE Jay Client
- Fast withdrawals on AE
- SkyNET is live
- SNRN asset
- JLH (jl777HODL)
- SuperNET CORE coins
SYSCOIN joins SuperNET
The 2nd gen PoW-coin Syscoin has been added to the SuperNET CORE.
More details can be found in this article: http://test.nxter.org/syscoin-joins-the-supernet-core/
‘Syscoin devs are working on exposing its features via user friendly interfaces. ‘The big release for that is 1.6 (http://syscoin.org/roadmap) which introduces a new wallet that brings everything front and center. Certificates, data-store/aliases are [already] on the blockchain and working, however they don’t have a UI in the wallet yet so it is all command-based (for now). When we roll out our V2 wallet which will be much easier to build upon than QT, we will begin rolling out each feature in the wallet through continued development’, writes Sebastien.
Syscoin brings a talented and established team of developers to the SuperNET table. One of the interesting features will be their decentralised market – the Blockmarket. Its Beta GitHub repository is public, and you can set up your own Blockmarket on their testnet: https://github.com/syscoin/blockmarket.
The latest litewallet (SuperNET v2.0.5-beta) release:
Review by MrCluster87:
Latest full version of the SuperNET, v2.0.2-beta:
Latest SuperNET enhanced NRS client (full):
SuperNET Android Client
Wallet for BTC, VRC, Fibre, Opal, Bitstar, etc. Created by Opal, bassguitarman.
CORE code update
‘If you are following my github, you will see the progress everyday. I am getting more and more functionality with less and less code, this is what happens toward the end. I also had to take some time out to solve the blockchain bloat problem. Lchain (the evolution of Ramchains). Testing is going well. Then realtime MGW via decentralized load balancer. All is in the new “plugin” system, which is more like cooperative agents. The new agents’ system will let people easily become a publisher. It is quite a general solution, beyond pure crypto.’
‘I originally estimated about 6 months to complete my tech, but the extra time needed to accommodate feedback from what has become a much bigger community has made this longer.
However I doubt it will be double, as there are many who are now helping me directly. Anyway, this is pretty tricky code and I don’t want to do a bitshares and push something out before it should be.
I am well aware of the ticking clock and I am focused on getting InstantDEX out, but need MGW stable and fast first. My recent release of the fault tolerant comms relays should solve all the network connectivity and reliability issues. The modular agents’ system solves the exponential increase in complexity of the overall project. These are things I didn’t foresee and reliable decentralized networking is not as easy as it sounds.
Also the bitcoin protocol is, …., there are just no words. I just want to find the unspent balance for multisig address but to do that I have to basically reimplement most of the bitcoin code.
I pushed ramchains that allows rewiding to any block and it will recreate the exact blockchain state as of that block. I don’t know of anything else that lets you set a block number in the past and then calculate the rich list (and all available unspents). Not really a must have use case, but this ability just came for free as a result of my now having totally mastered the bitcoin blockchain.
Now I will take a little break and can push the MGW to the finish line. ‘
SuperNET is now a BTCD plugin, or an “agent”.
James writes: ‘I run the host code inside BTCD, and SuperNET plugs into it. Then other software agents can plug into SuperNET. Each agent can broadcast locally, or globally.
The core set of agents
I split out all the major [SuperNET] components. There is a relays’ agent, a peers’ agent that deals with the broadcasting to all the peers, a coins’ agent that can talk to any gen1 coin, a database agent that does some pretty intense multilevel caching and data packing, the MGW agent, the ramchain agent, a subscriptions agent that manages subscriptions (still very early for this one). Teleport will be a comms agent, I think a chat agent [for InstantDEX] is a matter of a day’s work. I have 12 working agents now. ‘
Anybody will be able to make a SuperNET agent
‘With 100 lines of code, you can make a new agent, publish its availability to the relays, and start selling subscriptions or whatever. I have it so each agent has three sets of methods: public, normal, authenticated – so you can have methods that can be accessed by anyone, or just on local machine, or needing authentication.
What’s in it for the end-user?
It will be possible to make a drag and drop GUI where you can connect up the different modules and end up with a fully customized working crypto solution. Want anon? Add an anon agent. Want a blockchain? Add the blockchain agent. Want to support assets, add the asset agent. Want atomic cross chain trades? Add that agent.
What this also means is that we get dynamically loadable command sets for non-built in agents, you can automatically make a websockets interface that has a text debug HTML page too.
Lchain is new tech, implemented as several agents.
Lchains are the evolved form of ramchains in which ramchains are used to create another layer of data, i.e. the ledger. Read an introduction to Ramchains here: http://test.nxter.org/ramchains-ultra-fast-blockchain-operations-supernet-instantdex/
James writes: ‘Ramchains went a bit too far for max performance, so I made some tradeoffs to reduce resource usage, and added a lot more useful data to Lchain. Having a super high performance DB system has allowed me to accept making some DB calls for less frequent things. I added a ram cache on top of the fastest key/value store DB system, but it is more than just a cache as I have arranged the data to map to consecutive indices, so I can have a packed array that is synchronized to the HDD via DB calls at regular intervals.’
‘Lchains solves the problem of blockchain bloat. The BTC blockchain is growing exponentially, so soon people won’t be able to run it locally, but with Lchain, it will only grow linearly, so people’s HDD will keep pace. It is like a train in the movies, the one that is speeding toward the edge of the cliff but there is no bridge. Lchain is the bridge that will allow for continued use of bitcoin on people’s computers. The ledger file for BTCD at 220K blocks is 1MB – of course you still need some support files, but actually you can get the info for the support files from the relays. Still need to have archival nodes to keep a copy of the full blockchain, to be used for verification of the Lchain.’
‘The legacy MGW is running code that is 1 year old!
That is very old code and there really only has been one bug.
The problem with MGW uptime has been that all three [servers] had to be in 100% sync at all times. Now this is no longer the case, yet we still get the same redundancy, actually more.
Lchain addresses the problem of slow startup and peer validation.
The Lchain is a data provider to the MGW servers. The MGW function only needs access to the Lchain servers + up to date blockchain locally, then it queries the Lchain, verifies locally and signs, gets consensus, submits. So you can have 10 computers with Lchain to make sure 3+ are available 100% of the time. Now an Lchain server can go offline, but MGW is still running. If all the Lchains are in agreement, that is good enough for MGW to verify locally, so there are actually additional safety checks with this separation of function.
Another problem was connectivity. The MGW servers lose connection with each other once every few days and need to be kick started, and then the startup time makes it go offline for a bit. The startup time is MUCH improved, but for MGW it won’t even matter as it is the Lchain that takes time to startup. MGW startup will be pretty instant. Faster and more reliable, so this removes the need for restarting due to comms problems (assuming it is indeed more reliable) and downtime due to restarting the ramchain. Now I just have to port the existing code to use the Lchain, but most of the code isn’t needed anymore since Lchain does most everything that is needed.’
Coin confirmation time: + 10 seconds.
In other news, James also writes: ‘I got a test release out for BTC realtime MGW. ‘ It’s happening.
There have been questions about when InstantDEX will finally be out of testing and available in beta, and for general use. Cryptosleuth writes: ‘there are only some small things to fix in the GUI but it is functional. Been focused on API testing, and then will need feedback on what people want changed in GUI.’
Eth writes that the website will be up shortly, but that there are too many variables in play to give an accurate answer about a launch for SuperNET’s distributed real-time trading engine, itself: ‘ “Tuesday” is the best you will get for now, but API is looking great. Also, I have been lucky enough to fiddle with the SkyNET API, I can just say that I am impressed.’ SkyNET will have an important role in InstantDEX.
James gives a few more insights into how InstantDEX will work in this bitcointalk post.
A short introduction to tradebots can be found here: http://bitcoindark.pw/tradebots-101/
Essentially, InstantDEX’s ‘punch-through’ trading will mean that it is possible to conduct a trade that spans several exchanges. InstantDEX knows about MGW coin assets being 1:1 to native crypto, and it uses this to calculate virtual prices across all exchanges. Once the communication with InstantDEX is set up, other exchanges’ liquidity are added to the InstantDEX orderbook. Perhaps you want to buy OPAL in return for NXT. Poloniex has the best OPAL <> BTC rate, and InstantDEX has the best NXT <> BTC rate. Putting the two together in the background enables users of InstantDEX to gain the best spreads across exchanges.
Updates will be posted in SuperNET Slack channel #crypto777
The crypto777 protocol is described in http://test.nxter.org/supernet-newsletter-16/
The purpose of crypto777 is to fully decentralize realtime backed and pegged crypto.
James writes: ‘It will have a built-in way to generate fees, via blockchain. I am working with Consensus Research who will be doing the whitepaper and modeling. These fees will be assetized and I will be issuing an asset within a few weeks. Preference will be given to purchases made via BTCD but I need to finish InstantDEX first as I will use it to create the orderbooks for the sales directly in BTCD.
‘Now the actual backed and pegged cryptos are “hard” assets, so I can’t give out dividends in those. The asset is based on the sum of all the fees from all the backed and pegged assets that will be created. There will be a price ladder so early birds get a discount, but as the whitepaper is released and the tech matures, the price will be raised at the milestones.
‘I am thinking of allocating 5% of crypto777 revenues to BTCD stakers.’
“Regaining control of our money” > Is #crypto777 the missing link?
eth writes: ‘We have started an official blog for SuperNET, you guys can read it in:
http://supernet.org/blog. The main objective is to create a communication point where information will flow in a friendly, mostly continuous way to keep all the users, community members, investors and everyone else interested about SuperNET up to date regarding advancements in development. The blog will be limited to allow posts from the core team only, but of course if you or whoever else feel that it could be reworded to improve comprehension or in any other aspect, everyone is really welcome to do so and distribute it.
We are aware that we have not been very communicative lately regarding the progress of the different services we are developing, and that is a big mistake, since we feel some people are losing a bit of faith, mostly caused by this lack of communication. Entirely our fault, so we are here to fix it.’
The Jay Client and Framework was released about a month ago.
Further details (and videos) can be found in SuperNET Newsletter #16.
Until recently there has only been Jay Wallet ( http://jnxt.org/wallet) to use to test Jay, and Jay can do so much more than this. Jones has now released the AE side of JayEX, allowing for ‘Nxt AE trading with the security of the localhost NRS client, the inspiration of SecureAE, and the chart ideas and layout idea from Poloniex. I’d call it officially beta now’, Jones writes.
JayEX can be found here: http://jnxt.org/jayex/
‘My hope is that Jay Version 2 will be released around the time that Nxt 1.5 hard fork occurs, but there is much to do’. Jay v2 will support currently released SuperNET features. http://jnxt.org/nxt just has the original for now, I’ll need to check what tx types are needed for the supernet agents, jay integrated NRS with SN agents. Could work pretty easily.’
If you own an Android phone you might be interested in topping up security and ease of use with NxtVault, a Nxt passphrase app, developed by mr_e, on top of the Jay Framework.
NxtVault integrates securely with Jay NRS (with alias login and QR tx signing) and JayEX lite AE.
NeoDICE has finally been released on Nxt mainnet. You can try it out in a standard NRS client. ‘It’s still in beta, hence the bankroll is set low, to 20K NXT.’, writes *hash*.
The detailed instructions are here: http://neodice.com/
doppelganger follows up: ‘We had to change core architecture of the project, for example switch from NoSQL to relational database. We believe major bugs are sorted out, so we decided to initiate testing on the main chain. Next development target after core system is a SuperNET agent, to simplify game experience. We have there mostly UI minor bugs [which needs to be fixed], no majors, no blockers.’
Note that a transaction fee of 1 NXT goes to the network on every bet or chip swap.
As this is a BETA release, please leave your feedback and follow the development here:
NeoDICE Jay Client
Jones writes: ‘I am going to marathon a neodice-jay web client, then move on to Jay v.2 work after that. Because jay has the advantage of being online, I can add some more features, like a chat box and backend processing.’
Fast withdrawals on AE
Also James chips in: ‘I think during the testing period the withdraw times are intentionally set to be very long (720 blocks). But we can just put a buywall for fast cashout, so that people who want to convert to NXT right away can just do it from AE.
I’ve put up a buywall on AE so to redeem, just sell into the buywall.’
‘The software developer is working according to schedule to finish the playmoney version by the end of May’, writes 5000Bitcoins. It is estimated that the real version will be live and integrated with SN 1-2 months after that.
- Live NXT to USD/EUR conversion calculator
- Instant viewing of NXT price equivalents in USD and Euros
- Price equivalents’ update along with shipping options and quantity changes
- Send NXT to another account directly from within FreeMarket
- Buy/Sell NXT for BTC, BTCD, or LTC from within FreeMarket using ShapeShift
- Menu bar notification of your pending sales if you are logged in
- List multiple quantities for the same item, for the same low listing fee
- You now have two durations to choose from: 2 week or 4 week duration
- Image enlargement: Click on any image to zoom in. Animated GIFs are supported
- No permanent storage of your NXT wallet passphrase at any point.
- FreeMarket now remembers your language settings between sessions.
- Bug fixes for Relisting feature.
- New localizations: Russian and Croatian
The new version of FreeMarket is available here: http://nxtfreemarket.com.
Nxt Freemarket plugin coming
Knuckles will be updating us on the latest advances in the FreeMarket NXT plugin this Saturday on SuperNET Radio.
Interview with Twinwinnerd:
‘We will be carrying out deeper integration of First Swiss card in Coinomat. The whole process will be at Coinomat, including card ordering, and card loading will be instant. We are integrating the bank API now, the bank had doubts over this, but now all is settled.
This week it should be complete. No public info for a couple of days longer, we’re rebranding it so it is completely white label. After that we will start promoting the card and pay cryptocard dividends. Sorry for the delays but it’s not really our fault indeed.’
‘Guys, if you’re in Europe I’d like to remind you that we offer very cheap crypto buying and selling options by SEPA. It’s protected against volatility. USD is credited first and then you buy coins. Coins are sold at 0% to current open market rates.’, writes Coinomat.
Nexern writes, ‘You can query data and indicators now.
The API is growing hourly atm and the first 100 indicator specs are ready tonight.
The current silence means I am coding heavily. Here is a quick overview on what I am working [on] atm: http://finhive.com/download/web_quicklist_indi.txt
The now designed API is input data agnostic, [which] means it acts also as a very extensive financial math/analytics gateways where users can query the whole API functions with their own time series (via json POST). This adds an additional revenue stream for users who prefer to analyse their own data.
Another good thing is that I have also finished the missing math bindings and intend to look into a R binding next weekend. This would add additional, valuable finance logic like risk management, portfolio handling, quants and many other very usable stuff to the framework but this is optional and not a must have at current stage, completing the actual API modules is paramount now.
You can see an indicators API spec (ind_sma) proto here:
http://api.finhive.com/v1.0/run.cgi?section=crypto&run=api, it includes also naming, descriptions, signaling interpretation and more, shared by the TA encyclopedia ( “sec_knowledge”:  ) later.
Moreover, ‘last regression tests on the custom TA lib [are] successfully done. All +300 indicators returning correct and cross-checked result sets. The lib (optimized, plain C) is pretty fast and lean (185kb, nix shared with ~8k loc.) and presents an important skynet asset (simply because it is the most actual and complete TA lib on the market from my pov) besides the data collected so far. The server side LuaJIT lib binding (serving the JSON API) is also working as expected and reaches ~80% of native C speed. This speed was/is crucial and not pedantic because the API supports pre-calculated, and more important, dynamic (on request) data creation. Well, nuff said about the tech for a while’.
SuperNET Radio icon Kevondo has left the building. Lootz writes, ‘New talent is being recruited and interviewed regularly for a new host for chillax hour. Once we hit a larger audience I have many giveaways such an SuperNET Pure silver coins to give away, so stay tuned.’
SNRN is looking for a short article writer to write reviews on the shows. Compensation paid on a per article basis. If you operate a site and would like a banner put on supernetradio.com, contact lootz. SuperNET Radio is now broadcasting its stream through all of icecast and shoutcast communities. This means that all shows are now broadcasted to a lot more people.
‘We plan on having A LOT more content coming up, so the music will not be so prominent, but at the moment – here’s what’s goin’ on. All day we have a mixed bag. Pop, rock, old, new. Hard (no screaming), Soft. It’s a decent work mix. And right now as we’re in our “transitional” period, replays of past talk shows will play around 1 PST/4 EST Mon-Fri. Every Night at 8 PST/11 EST, electronic music starts for sweet dreams. Then, Wednesdays and Fridays are Hip-Hop nights starting at 5 PST/8 EST. And finally, Sunday is a slow day, we have Trip-Hop/Downtempo starting at 9AM until Classical starts at 5PM. Also, on the weekends we have Super Security Saturday, and Coin of the Week on Sunday as well.’
‘SuperNET Radio is now open to all Core Coins and Supernet related assets. If you want to showcase, explain your tech, basically any word you want to get out it, is now open and FREE. Let’s get people to understand SuperNET and all its parts on voice packets. Contact me with details and we will make it happen. I want this to be truly SuperNET’s Radio Station, and believe this will be a good direction for our community. DM lootz.’
SNRN (asset ID 3501237268087927815) will be released monthly in small portions. ‘Revenue from ads/sponsors will go to holders as dividends. Also any 1 company, technology, venture, who holds 20% will have free advertising on the station 24/7 played 12 times a day and in our shows that get many replays by multiple communities, as I keep inserting SuperNET Radio into different communities. We have 27 websites broadcasting atm, and will continue to grow’, writes lootz. So if you like what SNRN does, instead of a donation, just get some SNRN, maybe one day SNRN can say thank you with dividends.
The heavy discount at which JLH (asset ID 6932037131189568014) is trading on its NAV will shrink in due course.
As announced by James about a month ago: ‘Please don’t be surprised or complain. My goal is to lower spreads across the board, target of 1% to 2%, but it needs to be done gradually unless market conditions change. So it is a multidimensional mapping issue where all the related assets are linked via adaptive bots. The natural consequence of this will be price moving in harmonic oscillations similar to the forex currencies. I make simple arbitrages, constrained by liquidity of the other assets, but as spreads narrow across the board, liquidity will increase, allowing more arbitrages. Iterate…’
Bots will not be deployed yet, but James has now put up some small buy walls at ~10% below NAV.
James writes: ‘JLH really should be trading at some sort of premium, but the liquidity problems has made something that nearly quadrupled in NAV in less than a year and tripled in price, to somehow be a significant discount to NAV asset. In the real world, anything that is quadrupling in a year will most likely not be at any discount!
Now there is no gauging how much more stuff I will add into JLH over the next months and years, so let us set the value of that at zero. Still even with this santa claus valuation, the NAV really should be the floor, so I will make that happen with buywalls.
Over the weeks, I will gradually raise this [~10% below NAV) closer and closer to NAV. If it ever starts trading at a premium to NAV, the reverse process will be used to get it back to NAV. What this means is that JLH will end up trading around the NAV on a long term basis.
I realized it is easy to get the funds required to put up buywalls, just by selling small bits, if funds are needed. With almost half a million NXT in the acct now, it won’t be necessary to make any sales. This method is a much better use of funds than dividends or lotteries. When I get a chance I will automate it, until then it will be an occasional thing, whenever I get a chance.’
SuperNET CORE coins
BitcoinDark development has been ongoing behind the scenes and we are now approaching a time when that development will begin to bear fruit. One of the new developments includes a new HTML-local-host Wallet GUI to replace the old QT version.
The plan is to first release a basic port, in terms of features, of the original QT wallet and then add additional features/enhancements in subsequent versions. The front-end is almost finished and work on the back-end of the wallet will begin soon.
Read more: https://bitcointalk.org/index.php?topic=684090.msg11303615#msg11303615
New Developer on Board
I’d like to announce that with the donation funds the community has raised so far we have been able to hire Onsightit, VRC’s GUI and Cross-Platform Developer, to help primarily with the back-end of the new BTCD HTML-localhost Wallet GUI. Getting talented developers on board is important to meeting our goals so please keep those donations coming!
Support BitcoinDark development
Send your donations to the following Official BTCD Donation Address:
or you can donate BTC using the Official Multisig Donation Address:
The MMBTCD asset is live. Nxt AE asset ID: 8122396658538927693
The aim of this asset is to increase liquidity for BTCD and place gentle upward pressure on it. Coinomat has done great work with the MMNXT asset. BTCD has much lower volumes and thinner order books, so we’re taking a mutual fund as well as market-maker approach. Hopefully using revenues from other assets will inject some liquidity and give us something to work with. Coinomat has very generously donated 100,000 coinomat assets to MMBTCD.
MMBTCD will pay out in mgwBTCD / superBTCD. More info:
Send mgwBTCD > receive SuperBTCD
Due to migration to new SuperNET servers, the Asset ID for the active mgwBTCD asset has changed. You can send your old mgwBTCD assets (ID 11060861818140490423) to the special redeem account NXT-6YQW-HHCG-NATW-DCHJ3. Soon you will receive the same amount of the new superBTCD (asset ID 6918149200730574743).
Please upgrade to the latest wallet ASAP:
A bug that caused the block chain to get “stuck” and create synchronization problems was discovered in the original open source code base that was used to create Bitstar Coin. It has now been fixed.
New website is live: http://bitstarcoin.com/
New blockchain explorer: http://blockexperts.com/bits
Bitstar has now moved from 35% a year stake reward to 25%, writes BitstarDev.
VeryVeriViral writes, ‘VeriCoin’s new “Proof-of-Stake Time” protocol testing is now done. Proof-of-Stake-Time Wallet 1.6 released! You can now download the new 1.6 wallet by going to help “Check for update” or downloading at the website: http://www.vericoin.info/
-PoST will become active after block 608,000. Biggest PoS change since Nxt.’
Final version of PoST on github: https://github.com/vericoin/vericoin
You can read the whitepaper here: http://www.vericoin.info/downloads/VeriCoinPoSTWhitePaper10May2015.pdf
‘Well we’re just trying to make some great tech. The funny thing is… PoST is just the foundation. I mean it’s legit and all… but we have other things coming too. We’ve realized the importance of the Anon crowd. We’re going to deliver something that is pretty cool in that regard. (It would replace our currently “centralized” VeriSend feature.)’
Here’s the latest updated VRC roadmap: https://www.vericoinforums.com/roadmap/
25.000 NXT as bounties for NRS 1.5 testing
Latest testnet NRS: https://nxtforum.org/nrs-releases/nrs-v1-5-8e/
Learn more about the upcoming Nxt CORE features:
https://nxtforum.org/nrs-releases/ or have them explained by Damelon:
Latest blog update
Meeting notes from the latest syscoin team call
An in-depth look at the Syscoin’s Decentralized Marketplace
danosphere writes, ‘We’re working on exposing features via user friendly interfaces. The big release for that is 1.6 (http://syscoin.org/roadmap) which introduces a whole new wallet that brings everything front and center.
New block explorer:
Opal’s Twitter tipbot: http://opalcoin.coinlabs.org/twitter/
bassguitarman created this SuperNET Android wallet:
Also, bassguitarman writes: ‘I just closed a deal to bring in $1,000 to fund opal development, the funds are for developing opal drive.’ ‘I’ve been working on opal drive ui…’
The Limited Edition Fibre Silver Coins Presale has now started. Only 150 will be available.
FibreLock 2.0 will soon be submitted for peer review! Once all the devs taking part have provided their feedback and the changes have been made, we will release the open source code for FibreLock 2.0. After the code has been open source for a while and audited by the community, we will release Fibre and Bitcoin wallets including the new and improved FibreLock. The source code will be available so any coin will be able to implement FibreLock.
ZeroTrust + FibreOS
ozboom writes, ‘ZeroTrust (ZT) is being audited for release (decentralized and trustless transaction mixer, never been done before), FibreOS is coming with its own device (Ubuntu derived, super hardened Linux distro for safely keeping your wallet on a USB stick) and holds incredible promise imho’. Sigwo will be the official US distributor of the FibreOS Device. All SuperNET Core coins will be available on this device, Blitz wallet will also be included.
Trustless HD Wallet FibrePay for Google Chrome
Fibre vs Blitz
Killakem, Fibrecoin founder, has taken the lead on Blitz (formerly known as Ocupy).
Blitz and Fibre are separate projects.
mxxxxx writes: ‘Thanks to involvement of Killakem bigger Fibre investors are enabled to receive revenues from Bitalize ventures. Fibre will have FibreNodes, Blitz will have BlitzNodes but they will share the same pool of revenues. 40% of all revenues generated by platform and services running on it will be shared amongst NodeHolders – they get 60% of it (and receive additionally fees from transactions), smaller holders of 15k of Blitz will get 40% and no fees from transactions.’
The holding requirement for running a FibreNode in the BDN Network will be 15k Fibre. This will ensure that the number of FibreNodes in the BDN does not saturate the revenue share. This model is setup for the investor, as we do not profit unless we deliver and make this a successful project’, writes Killakem. ‘We have many ideas and concepts flying around but we have implemented the same release system that Fibre uses: “Don’t mention any tech until we are 100% sure we can deliver”. It has worked really well for Fibre! Hence we have received no FUD and you would struggle to find someone with a negative view of us.’
Read more about Blitz and BDN on
VPN has been listed on Yuanbaohui exchanges: http://en.ybex.co/trade/vpn2cny