Nxter News – February 2018 (II): Why Is Patience So Important? Because It Makes Us Pay Attention

February (II)

Welcome again, Nxters! Welcome back to another synopsis of the crypto news from last week.

Again we have the latest news on which centralized exchanges have enabled ARDR and IGNIS trading, the Action Coin ICO is underway with an NXT Airdrop occurring last week – details below, updates on more and more Blockchain Meetups, EUR deposit/withdraw limit at Ardorgate has been increased to 10,000 EUR, and we included a polite reminder about how the Nxt blockchain is, in fact, very alive and well!

We welcome back our old readers and warmly welcome our new ones. The cryptosphere is a large, complex, and largely mysterious place for many people, and we at Nxter are changing that. We want our readers to become experts in the Nxt / Ardor / Ignis blockchain ecosystem. Lean back and take the time to learn about all the news from last week.

COMMUNITY

MEETUPS

The AE

DEVELOPMENT

NXT IN THE MEDIA

PRICE EVOLUTION

This week’s newsletter is put together by James, apenzl, Jose, and rubenbc.


COMMUNITY

  • Freewallet

Last week Freewallet (third-party wallet) updated their ARDR wallet and now users have access to their ARDR. IGNIS is still not enabled but a Medium article further down from them explains the challenges they faced migrating to the dedicated Ardor blockchain; IGNIS, they wrote, is a current priority for their dev team.

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  • Exchanges… 

Meanwhile, on the AEUR blockchain

With AEUR you can trade assets, IGNIS, ARDR and any child chain token p2p against the Euro-backed child chain token.

The following updated list shows third-party exchanges that have and have NOT released their customers’ ARDR and IGNIS tokens. The IGNIS Airdrop occurred well over a month ago and we still do not have all the exchanges that announced support actually enabling full wallet and trading support for IGNIS and ARDR.

http://bit.ly/Ignis-Ardor-Exchange-Progress

Lior Yaffe (Jelurida) wrote:

To those whose IGNIS tokens are still locked by exchanges, exchanges have no more excuses, the blockchain is stable since Jan 2nd and with the new release we had the full deposit/withdrawal process covered and operational. Be proactive, open support tickets and contact them on social networks to release your funds. In case exchange developers need advice we are here to help.

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  • ACTN – NXT Airdrop and Ongoing ICO

In November we presented the Action Token. It has been more than three months and the team is now ready. The community, in general, has not had proof of this project until a few days ago, when Lior Yaffe verified that the team seems legit and ANG director, Elizabeth, interviewed Nick – one of the founders. Further down we explain more about the Action Token and how 1 billion ACTN has been airdropped on NXT holders and will be accessible on the new chain in March.

Elizabeth conversed with Lior Yaffe (Riker):

Elizabeth – These guys have been largely quiet since first announcing themselves. It seems as if the project is still ongoing but it’s hard to say for sure without updates. @riker how should we view the authenticity of this?

Riker – I can confirm that we had several calls with the action coin team. As far as I can judge this is a legitimate project.

Elizabeth
I have just finished an interview with Nick Morley of ActionCoin. I wanted to give you some notice as the Pre Sale started today and the web wallet will release on March 1. You can go to actioncoin.io and follow links to acquire some.

And, oh! Did I mention this is a clone of the NXT blockchain?! Nick tells us why NXT is a great solution for his business and more down the road. You will want to watch this!

Elizabeth and Nick talk about Action Coin and the ICO, which is currently underway. Created with the Nxt Blockchain Creation Kit, 10 B Action Coins were issued. Up to 250 M tokens are available in each of the three rounds of their ICO, with the wallet launching on March 1st, 2018. Thanks to the terms of the JPL, 1 billion tokens have been airdropped to NXT users and will be accessible when the Action Coin web wallet launches, using the existing login for your NXT wallet.

REMEMBER: Your Nxt passphrase is worth all your holdings on the Nxt, Ardor, and any airdropped Nxt-based coin’s networks. Keep it safe at all times! Log in with your account ID, not your passphrase. You can use NxtBridge OFFLINE to sign transactions initiated on clone networks without ever exposing your passphrase to their network. Sign it, and then broadcast the signed transaction on to the clone’s network. More in-depth info here, and NxtBridge OFFLINE download and video tuts are found here.

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Child Chains

  • Bitswift Update

Last week Bitswift markets opened on Bittrex!

bitswiftbro wrote:

Been working hard with Bittrex today folks, the market will come online very soon. Bittrex bundler is on our chain and we are just going through some final testing. Thanks everyone for being patient.

Bitswift has a clear business model and they are moving forward with a lot of enthusiasm.

bitswiftbro
Good news everyone, Bitswift has been invited to speak at city hall in front of city council relating to a smart city IOT project coming up here in Kingston Ontario. This even will be broadcast live on local tv and we are sure to show the city what networks we have built which could help facilitate the smart city they are trying to build. Council meeting is at 7:30 EST tonight.

Thewhig.com wrote:

“Prior to hearing from Semplonius, council heard from Paul Busch from Bitswift, a technology company in Kingston. Busch said the city has alternatives to partnering with Bell and there are local companies working on networking technologies. Busch said he has been working on a decentralized networking system using blockchain technology in the city centre for four years.”

Source

You can find the video uploaded here: https://ardornxt.slack.com/archives/C67TGA37H/p1517937083000066

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  • Products for Sale in the AEUR Marketplace

Do you have something, non-perishable, that can be listed on the AEUR marketplace?

A long-time member of the Nxt community, Palheiro, has made some products from his Galician garden available. From jam to potatoes, this is a good opportunity to buy healthy, organic vegetables with 21st-century payment methods!

Palheiro wrote:

palheiro – I have put three products on sale in the AEUR marketplace. In case someone is interested, they are food and pottery, all produced by me. Soon I will put more variety. Let’s see if we are filling the market!

martis – @palheiro where are you located?

palheiro – Galiza (Spanish Kingdom)

SellerARDOR-66J7-K4T7-8C9M-66W67

I am sure the AEUR Marketplace can serve other requests as well. Remember that the jam does not expire 😉

Like Ignis, AEUR has a marketplace where items can be listed and purchased in the child chain’s own tokens. On the AEUR chain, this means that all prices are pegged to the Euro. You can see how to get on to the Euro-pegged AEUR chain in the following how-to video, created by James Malach, aka Coinerz, entitled: ‘Exchange Euros For Ardor With Ardorgate’.

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  • SCAM Message on Facebook

Almost every week we are warning our readers about false services that are trying to hustle new Nxters for coins. Although it seems ridiculous, scammers always cheat someone. Most scams are obvious but some are legit enough to fool decent people. Take care, it is impossible to warn against every scam and hustle out there as they are just so ubiquitous. That is why we urge all readers to use the information from official sources, always check with the community, and NEVER disclose your passphrase to anyone!

The scam:

Kevin –  Warning guys!!!
I just got this spam message from NXT BLockchain on facebook messenger using the NXT logo etc. be aware!

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  • New Korean Telegram Channel About Nxt/Ardor

Someone has created a new Korean chat about Nxt/Ardor on Telegram. There are already over 200 users in that chat room. This is a great tool for our Korean readers to spread knowledge and awareness of Nxt and Ardor.

Here is our (non-exhaustive) list pointing to the most popular Telegram Nxt/Ardor channels

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MEETUPS

  • Ardor Nxt Group Event Calendar

The number of events in the Nxt / Ardor ecosystems are increasing and thanks to a calendar created by Elizabeth, we have them all sorted and highlighted. Take a look at it and make a visit to the closest Meetup to meet the passionate people who make up this beautiful ecosystem, enjoy some networking, and perhaps even learn something new!

Elizabeth wrote:

Elizabeth – I created this calendar so the community is aware of events in their area and so I could indicate when members of our community will be at an event. Each event is color coded and the key is in the sidebar. So far the only attendees and known attendees have been ANG sponsored.

If you see an event in your area that you are interested in attending, let me know and we can see if we can work something out for group discounts on passes, etc.

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  • Blockchain for Business Meetup in Barcelona – The Future of Blockchain in Business on March 1

Veronica is preparing one of the most interesting Meetups of the year, taking advantage of the Mobile World Congress days, the speakers will be top-level in their fields (Blockchain experts, banking experts, executives from consumer-goods companies, investors, and lawyers). The theme will be the future of blockchain in business. Register early as many people are likely going to attend.

https://www.meetup.com/es-ES/Blockchain-for-Business-Barcelona/events/247616337/

• What we’ll do
Blockchain-based technologies are revolutionizing the world as they are applied to new and existing business models.

In the context of Mobile World Congress 2018, the most significant mobile event in the world, with Annual attendance more than 100,000, we are going to invite thought leaders to talk about the future of Blockchain in Business.

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  • Join the Meetup Group – Ardor – Nxt Madrid (Madrid, España)

Our friend, Coradan, the founder of the Meetup Blockchain for Business Madrid, has announced his new meetup group in Madrid (Spain) called Ardor – Nxt Madrid.

Source

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You can download the Meetup App for mobile or log in on the web to register for any of them:

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  • Crypto Meetup “Blockchain for Business: Ardor Platform held on February 7th

Almonte shared his experience from last week’s Meetup organized in Valencia with the community.

He wrote:

 

Almonte – Great experience, the Valencia meetup yesterday: https://www.meetup.com/es-ES/Blockchain-Valencia-Tech/events/246896335/ There were around 40 very participative attendees from Valencia’s developers and start-up community.

From both service providers and product makers it is interesting to invest on Ardor knowledge, the former will be prepared when business will need support for Ardor integration within their current processes and the latter will be able to design their blockchain based products with the first blockchain as a service out there. I enjoyed a lot the good questions this audience asked.

Thanks all the attendees, specially to Dekalabs and Flywire for hosting the event.

More information

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The AE

Remember the launch? In May 2014 #NxtAE launched. Anyone could now issue digital asset tokens on the blockchain and trade them p2p on an unregulated, decentralized, global asset blockchain market. The ICO craze is not new to us.

Being so early with the AE was wild, just like ERC20-ICO-traders experience it now. But, it also gave the core devs an early chance to start working out good solutions to the problems that inherently arise in such a market, long before any other dev team. Nxt never got hacked. It has run stable for over four years. Assets are issued with few clicks. Instantly tradeable on the AE (Asset Exchange). Encrypted messages can be exchanged. Documents can be uploaded, signed, timestamped. Dividends paid with a click, all recorded into the blockchain.

With Ardor (and this will be ported back to Nxt), asset issuers have full control over their assets; who trades their assets, like only KYC and AML approved accounts – or anyone. There is whitelist control over asset holder accounts, you can choose, for example, which asset holders should have the opportunity to vote or even to control an account by vote.

The result of a vote held on the Ignis child chain can be set to sign transactions on behalf of the company – pre-defined whitelisted accounts can sign/vote by account ID, tag, balance or asset balance.

Assets are tradable in all child chain markets. You can only issue assets on Ignis, but you can have your ICO in any child chain token, a non-pegged crypto, or for example in AEUR, which is pegged to, and backed by, Euros, withdrawable to your bank account directly in the Ardor Client GUI. More child chain cryptocurrencies will come. And more assets.

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  • Janus – Status Update

$JNS, what’s next?

They got the large Kodak building. From April 1, JNSHash will be operational.

They elaborate:

The deal has been made with the building owner of the old Kodak office for JNSHash mining operation. They agreed to provide up to 800 amps as our operation grows.

The contract goes into effect on April 1st. This is the soonest we can get machines in and hashing again, then begin expanding. Thank you for your patience in this aspect, we understand right now it is of huge importance to the community and will work very hard to bring it back ASAP.

Between now and April will be the cleanup, drywall, and electrical installation.

The building owner has stated they must perform some of this due to city code, so this is the reason for the delay. However, this is an opportunity (because I am also trying to look on the bright side here). This means we can see if the new Nvidia line of GPU comes out which is super important for future investment into the hashrate, and also the release of new asic machines.

Janus Telegram: https://t.me/thejanusproject

Janus asset ID on the ARDOR platform: 4348103880042995903

KREDS

Last week, a snapshot of all JNS (Janus) on the Ardor network was taken, at block height 48484.

Two Kreds would be credited per one JNS, to be distributed accordingly within 90 days counting from the time of the Kreds Genesis block. There will only be a 90-day claim window, so Janus holders get ready to download their wallet and grab your coins because guess what. Kreds is already live.

Here is how to claim you Kreds balance if you’re a Janus holder.

So what is Kreds?

Janus wrote:

Kreds will be a totally new blockchain with no connection to Ardor.

bjorn_bb wrote:

For gpu miners most of you will be familiar with the mining algo and pools will come very shortly. Thank you to everyone, and the rest of my team for making this utility currency a huge success. It will play a large role in our websites as incentive for [writing] great content and comments.

Everyone grab the wallet, we made sure to have all OS’s [and Android] available
https://github.com/KredsBlockchain/kreds-core/releases

$KREDS discussion in Discord app: https://discord.gg/3gmat7B

Masternode setup guide:
https://drive.google.com/file/d/1m9ApgN33fHlj08kc009CCg6dRWDhl5V8/view

If you want to know more or find a list of supportive pools, read and follow Kreds’ [ANN] thread on Bitcointalk.

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  • Adel – Adel Swap Module Guide

The community of Adel is in the final stretch of the move of their ADL coin to the Ethereum network. We wish you good luck in your adventure. This week, February 15th, the swap will occur. Adel produced a guide that explains what will happen during the switch from Nxt.

C-cex users: Remember to withdraw your ADL coins to your NXT wallet before the 14th of February due to delisting.

ADL Swap Preview & Guide

How will you swap your ADL coins for ADL on Ethereum? We’ve put together a guide to help you prepare for February 15, so you’ll be ready for the switch. Check out our blog post on Steemit: https://steemit.com/cryptocurrency/@adelecosystem/adel-swap-module-guide

If you have Any questions regarding the Swap, get in contact with Adel on Slack or Telegram.

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DEVELOPMENT

  • Improving the Coin Exchange Feature

Users have been requesting a GUI-change in the Ardor Client, to improve the p2p Coin Exchange experience. Lior Yaffe, core dev for Nxt and Ardor, mentions the improvements made to the layout of the Ardor client – including more specific “Not enough funds” message explanations.

riker – We added the buy orders side to the coin exchange and improved the layout a bit, if someone wants to test http://80.211.143.216:27876/index.html – this is my mainnet node.

Also we improved the “Not enough funds” message. It now explains the problem i.e. “Not enough funds. Amount 877 fee 0.018 current balance 875.6994 you are missing 1.3185 IGNIS”

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  • Ardor.World – Ardor Coin Exchange Rates

Thanks to Sergei Chumak, we now have this amazing tool.

The functionality of Ardor.World continues to grow as it now supports Ardor coin exchange rates across the child chain ecosystem.

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  • Weekly Reminder – NXT

This week’s reminder is this Infogram made by ANG.

Nxt is one of the most stable, featureful and best tested altcoins. With new chains released under the JPL giving airdrops to all NXT holders, and with the NXT public chain being maintained and developed further by Jelurida, how can Nxt be “dead”?

A new upgrade to the public chain is on its way, and launching a Nxt-based blockchain has never been easier for businesses with the release of the Blockchain Creation Kit last year. Per the terms of the Jelurida Public License (JPL) any clone of the Nxt blockchain needs to airdrop 10% of its tokens to NXT holders (- see the above section about the Action Token).

https://infogram.com/nxt-is-not-dead-1hkv2njloemn6x3

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NXT IN THE MEDIA

  • Lior Yaffe in Medium – Ardor Launch — To go Where no Jeluridian has gone Before – Update #5

Barely 40 days have passed since Ardor launched and the stability of the network is incredible. This allows developers to focus on developing the key features of the Ardor network. Everything goes like a Swiss watch –  funny because the company is Swiss. Expect a new Ardor release next week.

Lior updated:

Another productive week in cryptoland. Ardor and its child chains continue to operate perfectly. The dev team has started working on the pruning and snapshot feature (but this is still several months away). Meanwhile, next week we are planning to release minor updates to Ardor and Nxt with some usability improvements and bug fixes.

We are talking with several teams about child chain creation and Nxt based clone projects. The customer support system is now fully operational and we are making good progress with the integration of a CRM system.

Some good news from exchanges, Bittrex has opened IGNIS for trading using our zero fee transactions solution. I expect other exchanges to open trading soon. Meanwhile, our Euro zone users, can use the Ardorgate service which continues to improve and streamline the service.

Source

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  • Lior Yaffe in Medium – Why I Think the “Bitcoin Bubble” is not Going to Burst Anytime Soon

In this article, Lior pulls sincerity to announce to the public his controversial opinion about the process that the markets of cryptocurrencies are experiencing. He is no stranger to bubbles and he documents his experiences with the infamous dotcom bubble of the turn-of-the 21st century.

He wrote:

I did not live through the Dutch tulip mania of 1637 so can’t say much about it, but I was an employee of Jacada, a Nasdaq traded high flying tech startup during the happy days of the dot.com bubble during 1998-2001, and I did experience first hand the effects of the dot.com bubble burst, losing on paper hundred of thousands of dollars held in unvested stock options of the company, while seeing its stock value plummet from $37 to basically nothing over the course of a couple of years.

Therefore, as someone who bares the (financial) scars of this event, I’m always on the lookout for new bubbles.

Source

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  • Medium – Updating your Ardor / NXT node Running on a Raspberry Pi 3

Ardor and Nxt are Proof-of-Stake blockchains that are small and light enough to run very well on a Raspberry Pi.

A community member, Erick, created this easy-peasy guide about how to update your raspberry pi node running Ardor. This configuration would add a node to the network, but remember to modify the properties file to leave it at 100%.

Instructions for updating your node:

  1. If your Ardor/NXT node is currently running, stop it by pressing Ctrl + c in the terminal.
  2. Download the latest zipped release from Jelurida for either Ardor or NXT.
    -Move the downloaded zipped file to the folder containing the existing Ardor or NXT folder.
  3. Open up the Ardor or NXT folder and remove/delete the lib folder.
  4. Open the Terminal and navigate to the folder containing the Ardor or NXT folder, and unzip the zipped file…
    unzip ardor-client-2.0.13.zip
  5. When prompted, overwrite all files by pressing A
  6. When completed, cd into the ardor or nxt folder and restart the node ./run.sh
  7. After a few minutes, open the web browser and verify the update was successful.
  8. Kick back and allow your node to resync with the blockchain.

Source

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  • The Merkle – What is Ignis?

A brief introduction to Ignis. Some people confuse Ardor and its child chains – remember all Ardor does is forge transactions and provide security. All the other functionality you know from the Nxt blockchain is in Ardor’s child chains. Ignis is the first and ONLY fully-permissioned child chain. The Merkle gave a beginner’s guide to the child chain.

They wrote:

What is Ignis Exactly?

Some people may recall that Ardor wants to become a next-generation blockchain focusing on child chains. The Ardor parent chain processes transactions and offers security and scalability to “offspring” such as Ignis.

It is important to note the child chain has its own native currency, which was distributed through last year’s Ignis ICO. The main reason this project was created was to bring functionality to the Ardor ecosystem, as the parent chain will only offer very basic functionality. It has all of the NXT features built in except for the “forging” of currencies.

Source

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  • Freewallet in Medium – Freewallet – Ardor: A Long Way Home

Freewallet wrote a post in Medium about their challenges migrating to the dedicated Ardor blockchain. They highlight the unique selling points of Ardor and they announce that integrating IGNIS is a priority and that they are currently working on it.

They wrote:

Basically, any project or individual can create a dedicated child chain with the ARDR platform. They can issue a separate coin (or token) for their chain, enable and disable specific network features and get their transactions processed fast and without mixing them with information from parallel child chains.

Source

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  • CoinSpeaker – What is the Nxt Platform, and What Can It be Used For?

The author makes a brief comparison between two of the most famous consensus protocols today, Proof of Work vs Proof of Stake, before diving into the innovative features which Nxt has.

Photo: Nxt / Twitter

They wrote:

Nxt, an advanced blockchain platform and the first currency to run solely on proof-of-stake algorithm, beats basic functional features of [other] pioneering cryptocurrencies.

Some of its main features include:

Asset Exchange enabling peer-to-peer trading of shares and crypto assets;
Data Storage that can be used for purposes such as building file-sharing services, decentralized apps, and various other services;
An Alias system allowing text substitutions that will enable keywords to be used to represent other things;
A Voting System that can be used to influence future development decisions, shareholder voting, public elections, and various other community-based decisions;
Plugin support that will make it simple for external developers to add additional features and enhancements;
Multi-signature and Phased Transactions that take into consideration various factors such as the approval of multiple accounts or the passage of a specific interval of time.

Source

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  • Coindigo – Scaling to the New Heights With Ardor

This article from Coindigo is one of the few that, in addition to summarizing the characteristics of Ardor, dared to write the truth, something that all Nxters knows well: Ethereum has received more publicity than Ardor, but that does not mean it is a better product – mostly this is a function of the ridiculous sums of money they raised in their ICO – and marketing.

Coindigo wrote:

Most cryptocurrency platforms are limited by their need to rely on a single cryptocurrency for transactions. Ardor is different, and tokens within the Ardor platform can make transactions between themselves without holding any ARDR tokens.

Lastly, Ardor gives businesses the potential to customize their own child chain. This increases the potential use case for the chains, as businesses can have the chain as private as they want. Furthermore, businesses from various industries can use the technology because of the customization and it would not be limited to a single industry use.

Ardor has not received as much publicity and backing as Ethereum, even though the technology is arguably more superior. This is because the developers lack the marketing capability of Vitalik Butarin. A majority of their team is composed of legal experts and software engineers. They need a business minded individual to really market the technology to businesses.

Nevertheless, the team is very smart when it comes to their technical knowledge. Lior Yaffe is a software engineer by trade, and he is the MD for Jelurida (parent company). Petko Petkovis is another co-founder, who is the core developer. He has a vast repertoire of technical knowledge which no doubt comes in handy at Jelurida. Lastly, their lead software architect is Tomislav Gountchev who has a stellar academic resume having studied at Cambridge and UC Berkeley. He also cofounded Nabble, and worked at multiple other tech start-ups.

Source

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PRICE EVOLUTION

  • TradingView – Ardor Probability Of Reversal

Source

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  • TradingView – ARDR Found Bottom and is Going Up

Source

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  • TradingView – IGNIS Entry Level

Source

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  • TradingView – IGNIS Likely Forming the Preferred Pump Formation C&H

Source

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  • 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:

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And that is all for this week, Nxters.

Follow us on Twitter for important breaking updates during the week as they happen. Stay warm, dry, and stay informed, dear Nxters. See you back here next week! We will keep you updated on the growing world of distributed ledger technology.

Help us 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.

Nxter News – February 2018 (I): Predicting Rain Does Not Count. Building Arks Does.

February (I)

Welcome again, dear Nxters! Welcome back to another synopsis of the crypto news from last week.

Jelurida has just been selected as one of the ten finalists at the 4YFN Awards in Barcelona! Ardorgate is up and running and making buying crypto with your fiat money so much easier, a great new account alert service is available, and last week also saw the release IGNIS on Bittrex, finally, but we still are waiting for some other exchanges to get their act together (Poloniex / Freewallet / HitBTC). Lior Yaffe updated the community with another installment from his Medium blog, new Meetups were announced and a lot more.

    We welcome back our old readers and warmly welcome our new ones. The cryptosphere is a large, complex, and largely mysterious place for many people, and we at Nxter are changing that. We want our readers to become experts in the Nxt / Ardor / Ignis blockchain ecosystem. Take a deep breath, lean back and learn about all the news from last week.

     

    COMMUNITY

    MEETUPS

    The AE

    DEVELOPMENT

    NXT IN THE MEDIA

    PRICE EVOLUTION

    This week’s newsletter is put together by James, apenzl, Jose, and rubenbc.


    COMMUNITY

     

    • 4YFN Awards Finalists

    Jelurida has been selected as one of the ten finalists at the 4YFN Awards!

    Jelurida will pitch on the main stage, meet up with investors and exhibit within the innovation market at 4YFN Barcelona on Tuesday, February 27, and pitch in Mobile World Congress, Conference Innovation session, three days later, on the 1st of March.

    The 4YFN Awards 2018 is the startup competition of the 4YFN at the Mobile World Congress Barcelona 2018 event, focused on accelerating business development and the investment in new technologies.

    As part of being a finalist, Jelurida will exhibit for free in a highlighted area of 4YFN from February 26 to 28. Also, they will get a dedicated article published on the 4YFN website and will be included in newsletters and across social channels. Jelurida will have the opportunity to meet the international press for the promotion of the finalists’ projects, 5 FREE visitor passes, and will enter the SendGrid Accelerator Programme, receiving a SendGrid Pro 100k Plan and the 6-month starter package with Loader.

    Lior writes:

    The presence at MWC provides and huge exposure outside of the crypto circles. We are the only blockchain startup represented in the 10 finalists.

    The Mobile World Congress is the most significant mobile event in the world, with Annual attendance more than 100,000. Attendees represent more than 200 countries from across the globe. Over 2,300 exhibits are featured during four days in Barcelona from February 26 to the 1st of March.

    Lior Yaffe, co-founder and Managing Director of Jelurida will visit Barcelona for the entire week. Veronica Torras, Head of Marketing and Business Development, together with other members of the community, is working on a strategic agenda to meet with relevant representatives of the technology and the blockchain business community in Barcelona.

    Source

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    • Exchange Euros for ARDR with Ardorgate

    Last week we mentioned the launch of Ardorgate, and the AEUR child chain.

    Since then, users have been depositing EUR > AEUR into the Ardor blockchain platform, and withdrawn some EUR as well, a user confirmed he used IGNIS to fuel his car with, by converting IGNIS to AEUR in the Ardor p2p Coin Exchange, and then sending AEUR from the Ardor client to his Mister Tango Mastercard in minutes via Ardorgate.

    32517 AEUR are currently in circulation, backed by an equal amount of EUR in Ardorgate’s account.

    Ardorgate allows you to quickly purchase or sell assets, marketplace items, and child chain tokens in the Ardor ecosystem – effortlessly convert AEUR < > IGNIS, ARDR, BITSWIFT, Janus assets and other tokens. With Ardorgate, any AEUR tokens you have can also be fast and easily converted to Euros in your Mistertango account.

    James Malach, aka Coinerz, created a new Ardor how-to video entitled: ‘Exchange Euros For Ardor With Ardorgate’

    Previous videos at:
    https://www.nxter.org/nxt-news-january-2018-v/#Coinerz_Using_Ardor_Coin_exchange
    https://www.nxter.org/nxt-news-january-2018-iv/#coinerz_Ardor

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    • Account Alert Service

    Nxters have long been requesting an alert service, that can notify them by email of new transactions to their Nxt and Ardor accounts. Last week developer Alexander, aka scor2k, a Nxter.org partner, launched such a notification service for testing. It has been a long time since a service like this has been operational, so we have no doubt that our readers will find it useful. Learn about other services designed by Alexander here, and about how to register for the alpha alert service below.

    Alexander wrote:

    I would like to introduce our service:

    • Nxter Alert Service for Nxt and Ardor accounts

    You can add your (or any other) Nxt and Ardor account address and you will receive email alerts every time a transaction has been made (sent or received).

    The service will notify you of NXT, ARDOR and child chain transactions.

    Register here: https://www.nxter.org/alerts

    We are starting alpha-testing now, but we have many great plans to upgrade this simple service and launch new services in the near future. You can test and use our alert service already and help us by sending feedback to help@nxter.org or by posting it in this thread.

     

    Source

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    • Exchanges…

    Good news finally came for IGNIS holders as IGNIS/BTC trading was enabled on Bittrex. UpBit airdropped the IGNIS tokens but still has not enabled the wallets and markets. And the rest?

    Yeah, we are very tired of having this section in the newsletter.

    http://bit.ly/Ignis-Ardor-Exchange-Progress

    THIS ^ updated list also includes 3rd party exchanges that have NOT released their customers’ ARDR and IGNIS yet.

    HitBTC! Poloniex! FreeWallet! Get your act together, please!

    Lior Yaffe (Jelurida) wrote –

    To those whose IGNIS tokens are still locked by exchanges, exchanges has no more excuses, the blockchain is stable since Jan 2nd and with the new release we have the full deposit/withdrawal process covered and operational. Be proactive, open support tickets and contact them on social networks to release your funds. In case exchange developers need advice we are here to help.

    Following 2 quotes from ardornxt.slack #trading channel, sum up well the differences between how hodlers and daytraders, newbies and cryptocurrency veterans weigh the importance of the current situation with exchanges:

    ywz [5:33 AM]

    the management is very bad, it seems no one is working on exchange issues
    someone said the team dont know how to run a business several weeks ago, correct
    ardor will go down to less than 0.2 USD if they dont solve the exchange issues, and then disappear

    napdude [6:22 AM]

    @ywz exchange issues is a short-term problem and it only affects short-term speculators. Don’t trust an exchange with large amounts of crypto.

    Progress on the core technology and actual adoption and use in the field is what will drive value in the long term. The future and adoption of ardor is not very much affected if ardor gets on more exchanges right now, or in a month.

    You should’ve held your NXT in an NXT wallet then you would not risk getting your ignis and ardor frozen up in a centralized exchange. Remember how long it took to get bitcoin cash from bitcoin holdings at various exchanges. This is a similar situation, exchanges are slow, they can’t afford to make mistakes.

    It has been stated many times that jelurida is working with the exchanges, but in the end, it is the devs on each exchange that decides what to prioritize. 

    Most ardor owners who are here bc of the technology couldn’t care less if the price goes down in the short term – as long as the tech is kept shiny, the price will come back up when we see adoption of the nxt and ardor ecosystem in the real world. Most of the people whining about exchanges are probably pump and dumpers who couldn’t dump as fast as they had planned.

    I think the people working with ardor are doing an excellent job, prioritizing tasks. I’m sure if they later this year find themselves with some extra time, they’re going to dedicate a developer to get ardor onto as many exchanges as possible, as fast as possible. Until that happens, consider the current prize a rare buying opportunity. ardor, ignis, and nxt are to be stacked and held. in their blockchains, not on exchanges (except for trading of course).

    (Back to the Index)

     

    • Riker Answers Where is the Marketing???

    Nxter.org has long promoted the products released by Jelurida. We have links on our site to all of the products released and our newsletter readers are kept up-to-date on important news and announcements from Jelurida and the entire ecosystem. The Nxter community is very welcoming and embracing of all who wish to learn about Nxt / Ardor and its current and upcoming features and child chains. Jelurida may own the products but they do not control or own the community or 3rd party exchanges and we will continue to keep our community informed with honest feedback about the products we love to use. Nxter has a great book for sale along with links to excellent articles and tutorial videos for any member of any skill set who wishes to participate, build, and spread the word, which we encourage you to do!

    Last week Lior responded to complaints on nxtforum:

    Folks, my feedback:
    1. If I’m dead or just retired, rest assured Nxt and Ardor will live on, I’m more of the spokesperson of the project than the lead developer
    2. Translations – will start soon
    3. Child chains creation – having tight control over their creation is a hard learnt lesson from the Nxt asset exchange and monetary system
    4. Approaching ERC20 issuers which has a lot of funds to spend – good idea and definitely something we should do better

    Whenever the token price drops for some reason we start getting these complaints about marketing. We are kind of used to it.
    Please consider that we are doing much more than we used to do before we had the ICO funding.

    Few examples:
    1. Veronica – our new marketing manager and a team she’s building around the project
    2. Working with a PR agency
    3. The Starla movies
    4. Email campaigns
    5. Website redesign – not done
    6. A lot of work with customers and enterprises, some of which, have to remain private and some are not ready to be published yet
    7. Myself writing a blog on Medium and being active on Twitter

    Source

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    • Neocash Media – Tether, Bitcoin, Ardorgate, AEUR

    Neocash Media loves Ardorgate as much as we do. This short video gives opinions on the wider crypto space but highlights Ardor and Ardorgate /AEUR as an example of how “pegged currencies ought to work.” The simplicity and transparency of Ardorgate when it comes to buying Euro-pegged AEUR tokens is ideal and unsurpassed in the wider crypto world.

    He said:

    Child chains have an independent blockchain tailored to the specific environment or protocol. These child chains can choose to attach or bundle a reference block into the Ardor Parent chain. Once done the child chains can prune their blocks limiting the digital footprint without compromising on security.

    Ardor and all child chains are proof-of-stake blockchains based off the NXT platform.

    The Ardorgate website allows users to deposit Euros and receive a digital token pegged to that Euro price. The token is called AEUR which is also the name of a child chain within the Ardor platform. The fiat money is handled by a bank service called mistertango and instructions show how to both deposit and withdrawal Euros. The instructions involve some copy and pasting so please be careful if you try it out.

    This is how a pegged fiat to cryptocurrency ought to work. There is transparency for the number of tokens created and the amount of Euros on deposit.

    (Back to the Index)

     

    • 10 IGNIS Bounty Challenge – Completed

    We are happy to report the successful completion of the first IGNIS bounty! Many thanks to all the community members who contributed in highlighting content that contains misinformation about Ardor. More bounty challenges will be announced in the future. Stay tuned for more challenges and bounties.

    10 IGNIS Bounty Challenge: Update Ardor information on the Web from Ardor

    If you won a bounty, payouts will be completed within the next 24 hours.

    Stay tuned for a new challenge!

     

    Don’t forget to visit regularly https://www.reddit.com/r/Ardor and https://www.reddit.com/r/NXT/ to find useful information about Nxt/Ardor/Ignis.

    (Back to the Index)

     

    • Airdrop from Clones – How to Act

    It looks like the Ardor blockchain is going to be cloned pretty soon.

    A group of Indonesian developers have decided to launch a clone of the recently launched Ardor blockchain. We would like to remark that Jelurida does not support it. If you want more info about this clone you can join their telegram chat or visit their web page. We do not know if the project is reliable or not and can not answer your questions about this clone. You should ask them directly. And be careful. To make it clear: this clone has nothing to do with Jelurida nor with the Ardor/Ignis/Nxt community.

    Free cloning is one of the issues that often comes up when talking about open-source software. You can’t avoid it. And it’s not the first time that we see this happen in our ecosystem. There have been many Nxt clones out there during these >4 years, which have taken advantage of our excellent team of developers for their own good, and not making any good to the investors of the original chain. Sometimes their creators don’t even mention the Nxt blockchain when promoting these clones.

    That is why Jelurida created a new type of “coinleft” license, the Jelurida Public License or JPL, in the spirit of the GNU General Public License, but better suited to protect the interests of open source cryptocurrency projects like Nxt and Ardor.

    Lior Yaffe stated:

    In principal, we release the source code for our blockchain products so that people can review it, contribute to it and use it as reference when developing their applications.
    We do not release source code for people to clone it and create competing tokens, but unfortunately this is a side effect that we cannot prevent.
    We do not cooperate with LELE in any way and have no intention to do so. All we do with projects like LELE is make sure they comply with JPL license.

    According to the JPL, any public clone of the Nxt blockchain will have to distribute 10% of all the tokens in that new cloned chain to NXT holders. And any public clone of the Ardor blockchain will have to distribute 10% of all the tokens in that new cloned parent chain to IGNIS holders.

    Full text of the JPL v1.1: Ardor _ Nxt

    So this example of a clone will have to airdrop 10% of the tokens to the IGNIS holders.

    This brings up another issue: Once the airdrop is over, current IGNIS holders will have to download the Lele wallet and log in there using the same account they use to login to their Ardor account to find the airdropped tokens. This can be dangerous, especially since we do not know if the new wallet contains involuntary bugs (or even, v0luntary ones, we have to trust the clone developers).

    If by any chance someone managed to get your passphrase (you will be asked to enter your current secret Nxt/Ardor/Ignis passphrase there to be able to transfer your LELEs) you will be in real danger: not only could you lose your Lele’s tokens (they could be stolen if someone knew your passphrase) but also your Ardor/Ignis/any other tokens you hold on the Nxt and Ardor blockchains could be lost.

    So some Ardor community members have started to look for workarounds to find a solution to this problem so that you don’t need to enter your Ardor/Ignis passphrase in a Lele wallet that we might not trust if you want to collect the airdropped coins.

    Riker explains:

    Right, anytime you use your LELE passphrase you are also using your Nxt or Ardor passphrase.

    What you need to do when using airdrop from clones is:
    1. Create a new account on the clone (call it LELE) then create an unsigned transaction to send all your funds to this account on LELE
    2. Copy the bytes or json to your Nxt node to sign it
    3. Broadcast the transaction to the LELE blockchain
    This would work for the power users but too complex for newbies.

    Josenxt has also though of another plausible solution:

    Since the Lele snapshot will be recorded on the 28th of February, I suggest you create a new Ignis account (lets call it Account 2) and temporarily move your IGNIS to that new Account 2 (don’t forget the passphrase of both the old and the new Ignis acount!) before the snapshot. Then, after the snapshot has been recorded, send your Ignis back to the original account 1 BEFORE logging in to the Lele wallet with the passphrase of Account 2. That way, if someone managed to steal the passphrase of your Account 2, you’ll only lose your Leles, your Ardor/Ignis will be safe and sound, because they’ll be in a different account (account 1 instead of account 2) and protected by a different passphrase which they wouldn’t know.

    For additional security, you could create your Account 2 as a cold storage account with NxtBridge OFFLINE.

    Always remember to store your passphrase (the 12 random words that the clients presents you when creating a new account) in a safe place. Never share your passphrase with anyone. Don’t change a single character, blank space, capital letter of your passphrase or you won’t be able to move your funds.

    (Back to the Index)

     

    MEETUPS

    This week on Wednesday the 7th there will be a Meetup in Valencia talking about the Ardor platform. This Meetup will be hosted by longtime community member almonte. The presentation is in the Spanish language but will be English friendly.

    Alberto Fernández, aka Almonte wrote:

    On the 7th of February there will be an Ardor presentation in Valencia (Spain) https://www.meetup.com/es-ES/Blockchain-Valencia-Tech/events/246896335/ If you are nearby, come over! It will be in Spanish but it is English friendly

    More information

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    • Blockchain Business Meetup in Madrid (Spain) on March 1st

    Anybody interested in the Blockchain-as-a-Service (BaaS) and in the Blockchain for Business can attend this Meetup that will be held on the 1st floor of the Google Campus in Madrid – Espacio Café. Nxt and Ardor will be introduced as well.

    This will be the location

    Source

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    • Exploring the Blockchain for Business in Central PA – March 1

    Elizabeth Mong, director of the ANG, is having a follow-up to her previous Meetup. This second one will be more technical in scope and if you attended the first one you should definitely also attend this one on Thursday, March 1st.

    What we will 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 laptops, and we will download and explore a functional blockchain.

    Elizabeth – Here is a photo of the “Introduction to Blockchain” Meetup I hosted last evening. I introduced blockchain in the simplest terms and gave several use cases and examples followed by a download of the Ardor client / wallet and a Q&A that was very lively and fun 🙂

    I’m looking forward to the next Meetup that will get more technical and to all the proposed “crypto” coffee dates between now and then.

    Source

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    • Crypto Meetup “This is Blockchain” by Limesoda held on January 30th

    Limesoda hosted a live-stream “This is Blockchain” Meetup last week.

    Alex Pfeiffer, Paul Ploterauer, and Travin Keith spoke and Lior Yaffe live streamed from Israel to participate.

    Video

    (Back to the Index)

     

    The AE

    • Janus – Status Update

    The Kreds snapshot occurred last week on February 3rd at Ardor block height 48484, distributing over 49M Kreds tokens to JNS holders. More info about this new blockchain and how to claim the airdropped Kreds is below.

     

    They wrote:

    ascendus
    We are distributing up to 49,500,000 KREDS to Janus token users based on their account balances through snapshot method, at 1 JNS =2 KREDS ratio.

    Kreds will have is own blockchain ecosystem and will be used by our team to create a network of world utility, action-based reward, and digital currency within several media and news websites.

    Elizabeth
    Great for janus holders! Is Kreds a clone?

    ascendus
    Kreds will be a totally new blockchain with no connection to Ardor. KredsBlockchain.com. Specs and distribution allocation will be revealed over the next week.

    Janus will remain on the Ardor platform, and will be required to access several projects we will be launching over the years ( ex: JNSHASH mining project).

    Elizabeth
    Ok, thanks for clarification. People are asking me for a whitepaper. Do you have a link?

    ascendus
    We´re working on it! 🙂 Kreds is PoW+PoS (Proof of Service – Masternodes)

    Janus Telegram: https://t.me/thejanusproject

    Janus asset ID on the ARDOR platform: 4348103880042995903

    (Back to the Index)

     

    • Adel – Holders, Prepare for the Token Swap

    A friendly reminder: On February 15th the ADL tokens on Nxt’s Blockchain will be migrated to Ethereum.

    The Adel team has just released a tutorial for this:

    (Back to the Index)

     

    DEVELOPMENT

     

    • Cold storage / NXTBridge suite

    Scor2k, the dev of Nxter’s Alert service, has also created other helpful services for Nxters.

    A quick reminder:

    • NXTBridge OFFLINE
      • Sign transactions, and create cold storage NXT/Ardor/child chain accounts

    NXTBridge – a suite of plugins for WordPress users
    Anyone with a WordPress site can show data from the Nxt blockchain by using simple shortcodes:

    • NXTBridge: ICO
      • Shows live data from your ICO on the NXT Blockchain
    • NXTBridge: Assets
    • NXTBridge: Ledger
      • View any account
        • shows latest transactions, including dividends received
      • Send NXT
      • Insert TIP buttons on your WordPress site
        • Ledger creates unsigned transaction bytes, which you can sign with NXTBridge OFFLINE
      • Broadcast transactions
        • After signing, NxtBridge Ledger lets you safely broadcast your signed transaction to the network.

    Over the next month, Alexander will be porting some of these services to Ardor, to use with Ardor child chains, as well as present new ones. We look forward to updating you as they come, as well as integrating his work into our website, to give you an easy gateway to using the Ardor Platform.

    (Back to the Index)

     

    • Weekly Reminder

    Some users are having trouble when withdrawing IGNIS to new accounts from the AEX exchange. Their transactions sometimes did not find a proper bundler and never arrived at their destination (got canceled). The importance of announcing your account is the friendly reminder – much more detail below, also about how to bundle your own transactions.

    Lior stated:

    Instead of doing the right thing and bundling their own withdrawal transactions, AEX are waiting for others to bundle their transactions.

    The problem is that if you withdraw IGNIS to an existing account the fee is the IGNIS equivalent to 0.01 ARDR but if you withdraw to a new account you need to pay equivalent of 1.01 ARDR.

    AEX ignores this and pays an IGNIS fee which is too small [to fund the initiation of new accounts] so their transactions are not getting bundled and therefore expire + they ignore our advice to fix this.

    In order to solve this problem, you need to announce your account to the blockchain i.e. make an outgoing transaction or attaching the public key when receiving funds. Note: ARDOR-9NLR-4UUL-6RPV-3ZA5B is the account of the AEX exchange.

    Scripteron:

    ARDOR-9NLR-4UUL-6RPV-3ZA5B has been creating IGNIS payments with an insufficient fee, resulting in the transactions remaining unconfirmed. This happens only for new accounts since there is an IGNIS bundler running with a low-enough rate to process payments to existing accounts. I have been creating the accounts to get these pending transactions processed, but I’m not continually checking for unconfirmed transactions.

    Jelurida has contacted the exchange about the problem but it is up to them to correct it. In the mean time, if you have a new account and expect to receive payments from an exchange, make sure your account is created first. This can be done by having somebody create a transaction to send you coins or a message [including your public key in the transaction].

    Martis gives another solution:

    The user can bundle the transaction himself. If he sees an incoming transaction in his client, click on the transaction date, go to actions and bundle.

    In 2.0.13 the property bundler was introduced, they need to use that feature…

    Here are the steps you can take to bundle your own withdrawal transaction from AEX (the child chain transaction can’t be older than 15 minutes).

    1.
    Find the full hash of your unbundled transaction. You can use https://ardor.tools/transactions/All/unconfirmed to seek for your transaction

    2.
    Make sure you are the recipient of the transaction, there might be listed some other unconfirmed transactions. Then press the button “Toggle Raw Data”

    3.
    Copy the Full Hash of the transaction to the clipboard

     

    4.
    Open your Ardor wallet and paste the Full Hash of the transaction in the “search” filed. Then press the “search” icon

    5.
    This window will pop-up. Choose the “Actions” tab, and press the “Bundle” button

    6.
    Finally, enter your passphrase and bundle the transaction. If you want to know exactly how much the fee will be, click on the “calculate” button next to the “fee” field before pressing the “bundle” button.

    Source

     

    (Back to the Index)

     

    NXT IN THE MEDIA

    • Lior Yaffe in Medium – Ardor Launch — Update #4

    Lior Yaffe, Jelurida core-dev, updated the community about the new support engineer contracted to be the first line of support, about the new CRS system in place thanks to Veronica, and mentioned a possible site redesign.

    Lior wrote:

    After a month of joint effort to manage the huge support load together with community members, everything seems to be under control and we now contracted Adedayo, a professional, ex Poloniex, support engineer to manage the first line of support. A new CRM system is now in place, set up by our tireless marketing and business development manager Veronica, and we are looking to deploy a new bug tracking system during February and even redesign our web site.

    Source

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    • Lior Yaffe in Medium – Benefits of Ardor 0 Fee Transactions

    Ardor supports 0 fee child chain transactions, which is great for businesses that want to allow their customers to make transactions without fees. In a Medium post, Lior uses the example of an entrepreneur that wants to use the blockchain to issue, sell and redeem concert tickets.

    On other blockchains, which have not divided their transactional token from their security token, such a customer would need to purchase the ticket PLUS the blockchain token (like, for example, Ethereum) to be able to pay the blockchain fee for redeeming his ticket. Now, which music fan would buy into Ethereum, just to get access to a concert?

    Ardor is a perfect match this entrepreneur, because of 3 unique Ardor features:

    1. Child chains
    2. Account Properties
    3. AccountPropertyBundler

    The entrepreneur can issue concert ticket tokens on any child chain, run a custom bundler and bundle transactions specific to his asset, and so, the customer can easily redeem his concert ticket at the door, without having to pay a fee in any blockchain token.

    Lior elaborated:

    You can issue your token (asset or currency) on one of the child chains (Ignis for example) then send the ticket token to the buyer without funding their account with Ignis. When the buyer spends the token he will issue a 0 fee transaction. The organizer will run a custom bundler which will only bundle transactions specific to their asset for free.

    Using this design, end users only need to deal with the ticket token not with the child chain or parent chain tokens, in fact they don’t even need to know they are using a blockchain. The organizer needs to purchase in advance enough Ardor to cover the transaction fees paid by his free bundler and this way hedge against fluctuations in the Ardor price. The initial cost of this Ardor can be factored into the ticket price, and ticket prices can be even denominated in Euro using the AEUR chain.

    The unique parent/child architecture of Ardor, provides the ability for businesses to allow their users 0 fee transactions. This unique and powerful feature of Ardor opens the door for many real life blockchain based applications which were impractical to develop until now.

    Source

    (Back to the Index)

     

    • Live Bitcoin News – Proof of Work vs. Proof of Stake – What’s the Difference, and Which is Better?

    Nxters have long been on the Proof-of-Stake (PoS) train and we continue to highlight the advantages of using PoS powered blockchains over power-hungry Proof-of-Work (PoW) ones. Live Bitcoin News highlighted the differences for the uninitiated.

    They wrote:

    Nxt was the first 100% Proof of Stake cryptocurrency. It is considered to be a ‘second-generation’ cryptocurrency because it was designed differently to many of the other existing altcoins.

    This is because while many altcoins are based on Bitcoin’s source code, Nxt was designed differently from the ground-up, and was written completely from scratch, in an all-new source code.

    Nxt is an advanced open-source application platform managed by Jelurida. It expands upon the tasks users can do with a blockchain by providing built-in support for many features, including a decentralized peer-to-peer exchange, a voting system, and a decentralized DNS.

    Source

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    • Coin Observer – Ardor Could Be the Sleeper Cryptocurrency of 2018

    Coin Observer suggests that people should hold, or “HODL” to use the parlance of our times, their ARDR tokens because of the technological superiority of the Ardor platform, including but not limited to: the unique child chain architecture and how the prunability of the child chains allows for the Ardor blockchain to be small and lightweight, and thus a solution to the blockchain bloat problem.

    They wrote:

    As always, it’s crucial to ask, “what problem does this technology solve?” With Ardor, there are a number of features that aim directly at the corporate sector by solving persistent issues that

    • Child-chains – Child chains are available for companies to use and are very flexible. Corporations who want to adopt child chains will be able to do so quickly and easily. The best part for many businesses is that they will not need to run their nodes to gain the benefits of a blockchain. Instead, they can rely on the network, which reduces the complexity of installation and the demands for ongoing security substantially.
    • Blockchain-As-A-Service – this concept follows traditional cloud computing “as a service” models and will appeal to enterprises who consumer products and services following that paradigm.
    • Proof of Stake and prunable transactions – this is the first blockchain technology to offer BOTH features. The ability to prune transactions is a way to avoid the “blockchain bloat” that affects many cryptocurrencies, most notably Bitcoin. Having to store large blockchains increases costs and reduces performance. A Proof of Stake system is energy efficient because no mining is required and the transaction pruning saves data center resources. Although there may be nothing technically “green” about blockchain technologies, this solution is undoubtedly greener than alternatives.
    • Decentralized Asset Exchange – This is not a unique feature, but the functionality is built in directly to the wallet, allowing for simple to use decentralized asset management.

    Source

    (Back to the Index)

     

    • Crypto Slate – World’s First Child Chain, Ignis, Now Listed on Bittrex

    The listing of IGNIS on Bittrex is documented by Crypto Slate. They also highlight the scalability and the revolutionary child chain architecture of Ardor.

    The concept of child chains is expected to help bigger blockchains with scalability issues, which is one of the most pressing problems for blockchains that are now swarming with new developers, users, and use-cases. As blockchain platforms like Ethereum endure scalability problems, Ardor and Ignis represent a compelling possible solution to these issues.

    Source

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    • IDG Connect – What can we Learn from new Venezuelan Cryptocurrency?

    In 18 years Venezuela has gone from the wealthiest country in South America to one of the poorest; so their decision to announce a national cryptocurrency is skeptical to many. IDG Connect analyzed the claims by the Venezuelan government about releasing the first national cryptocurrency, Petro. Travin Keith is quoted.

    There is one crucial impact that the Petro may have, whether it is successful or not. It may soften the government stance on blockchain technology and cryptocurrency and what they can do. The government will still try to control the tech in some way but it could pave the way for better regulatory and legal understanding of blockchain and how it could help enterprises and sectors like finance operate more efficiently.

    “It depends largely on the operation of its national cryptocurrency as well as the type of blockchain it is on,” says Travin Keith, managing director of Agavon, a blockchain consultancy.

    “If it is possible for developers to create smart contracts on top of it like with the Hyperledger Frameworks, or utilise templated features such as the Smart Transactions on Nxt and Ardor, then it could attract developers to build on the platform,” he explains.

    Source

    (Back to the Index)

     

    • Kriptology – Ardorgate dan Token AEUR Kini Tersedia

    This is an Indonesian language article from our partner, Dimaz.

    Source

    (Back to the Index)

     

    PRICE EVOLUTION

     

    • TradingView – Ardor cup and Handle

    Source

    (Back to the Index)

     

    • TradingView – NXT/BTC Buy Opportunity – Long

    Source

    (Back to the Index)

     

    • TradingView – IGNIS/BTC, Looking for Long Buy Opportunities

    Source

    (Back to the Index)

     

    • TradingView – IGNIS/BTC

    Source

    (Back to the Index)

     

    • TradingView – ARDR with that Fractal Play? Moon or Doom

    Source

    (Back to the Index)

     

    • Weekly NXT/ARDR/IGNIS 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 Bittrex over this past week:

    The following graphic shows the IGNIS / Bitcoin exchange price at Bittrex over these past days:

    (Back to the Index)

     

    And that is all for this week, Nxters.

    Follow us on Twitter for important breaking updates during the week as they happen. Stay warm and stay informed, dear Nxters. See you back here next week! We will keep you updated on the growing world of distributed ledger technology.

    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.

    Nxt News – January 2018 (V): You Do Not Have To See The Whole Staircase, Just Take The First Step

    January (V)

    Welcome again, dear Nxters!

    Every week we grow and welcome new readers from all over the world. Our community is comprised of fans, traders, developers, crypto-enthusiasts, and anyone in-between who is passionate about the emerging world of the blockchain. Last week the Ardorgate service launched enabling anyone with a Mistertango bank account to convert Euro to AEUR Euro-pegged tokens and use them on the Ardor Platform! A new version of the Ardor software was released, new Blockchain Meetups are happening, and lots of new useful services, which you can now help test, are being developed, and much more.

      We welcome back our old readers and warmly welcome our new ones. The cryptosphere is a large, complex, and largely mysterious place for many people and we at Nxter are changing that. We want our readers to become experts in the Nxt / Ardor / Ignis blockchain ecosystem. Take a deep breath, lean back and learn about all the news from last week.

       

      NXT COMMUNITY

      MEETUPS

      The AE

      DEVELOPMENT

      NXT IN THE MEDIA

      PRICE EVOLUTION

      This week’s newsletter is put together by James, apenzl, Jose, and rubenbc.


      NXT COMMUNITY

      • AEUR is Live

      After weeks of eager anticipation, Ardorgate and the AEUR child chain tokens are live!

      They wrote:

      Ardorgate (www.ardorgate.eu), and the AEUR child chain is now live! This new child chain, AEUR, is directly pegged to the Euro, and provides a quick and simple way for users to purchase cryptocurrency using a Mistertango (www.mistertango.com) account.

      For anyone who has a Mistertango account,  you can now purchase AEUR tokens with Euros, and then quickly convert them into other assets on the Ardor Platform. This is a gamechanger for accessibility into crypto markets.

      You can trade AEUR against IGNIS, ARDR and BITSWIFT, but also any AE asset (the Ardor Platform’s advanced ERC20 equivalent), you can sell and buy digital and physical goods on the decentralized Marketplace using AEUR, launch a fundraising campaign, or an ICO, in AEUR, and pay dividends to your shareholders in AEUR. Ardorgate makes it easy to also convert AEUR child chain tokens back into Euros, that appear in your bank account if you want to redeem them for fiat.

      Anyone can register a private IBAN bank account with Mister Tango, no matter where you live. After you have verified your identity, Mister Tango will send you a Mastercard which is connected to your new account. You can deposit fiat or BTC directly into this account, and then buy AEUR.

      Ardorgate’s EUR<>AEUR gateway service costs a 1% fee, AEUR transactions on the Ardor Platform costs normal transaction fees.

      A special thank you from Ardorgate goes out to people who helped testing and @petko, @vanbreuk, @riker, @jelurida for helping this service to become a reality!!!

      https://www.ardorgate.eu/tutorial/

      Source

      (Back to the Index)

       

      • Ignis Blockchain User Guide

      Ignis has now been live for almost a month and a new wiki is being created to highlight the features and use cases of this unrestricted child chain of Ardor. The content will be limited at first but with our great, and growing community we will soon have more articles and resources.

      You can also find some use cases for Ignis at
      https://www.nxter.org/interesting-ignis-ardor-blockchain-applications

      Also, this week a new Ignis page at Facebook has been launched: https://www.facebook.com/ignisblockchain

      Source

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      • Great new Sticky for Reddit

      Segfatulsteve, author of the well-known series of Articles called “Ardor vs the Competition” published at Nxter.org has added a great Reddit sticky for Ardor. It is a comprehensive list of resources of the Ardor platform and points developers, businesses, and curious Nxters in the right direction. This a great bookmark for any active Ardor user.

      Source

      (Back to the Index)

       

      • Exchanges…

      One by one the major exchanges are enabling support for Ardor and Ignis. Bittrex requested a new functionality be added and in response, the latest version of Ardor with the aforementioned AccountPropertyBundler has been created by the Jelurida dev team. Poloniex has been plagued by issues for the last couple weeks now and despite repeated efforts from Jelurida to reach out to them, including creating a support ticket – they have not responded.

      riker – Poloniex are not waiting for anything from Jelurida they just need to open trading.

      We have an open ticket with Poloniex development since Jan 16th “#712342 Poloniex support for Ardor and Ignis” – their support confirmed that it is assigned to their developers (after a long time that we couldn’t even get to their devs). In this ticket I offered help with any questions they have. It’s been 9 days and no response.

      To those whose IGNIS tokens are still locked by exchanges, exchanges has no more excuses, the blockchain is stable since Jan 2nd and with the new release we have the full deposit/withdrawal process covered and operational. Be proactive, open support tickets and contact them on social networks to release your funds. In case exchange developers need advice we are here to help.

      So, here’s a list of the centralized exchanges and their progress:

      List of Ardor Exchanges’ Progress

      Thanks to ardornxt.slack.com’s #trading channel for helping out. If you see info that needs updating, please tell us.

      (Back to the Index

       

      • C3 Customs will now Accept ARDR, NXT, IGNIS

      Now you can use your ARDR / NXT / IGNIS to buy great audio gear and services.

      (Back to the Index)

       

      • Ardor Added to Bitcoin Convert IOS App

      This simple app which easily shows you what an altcoin is valued in terms of BTC added Ardor.

      BlueDagger wrote:

      Well I finally feel I contributed 🙂 Got Ardor added to an IOS app BTC Convert. It’s nice and visible at the top on the list thnx to alphabetical order.

      Bitcoin Connect is a paid app.

      (Back to the Index)

       

      • Coinerz – Ardor Tutorial Video #3 – Using The Ardor Coin Exchange

      This tutorial video explains how to use the Ardor coin exchange functionality in the Ardor client. With this function, anyone with a light or full node of Ardor can make transfers between any of the child chain tokens of Ardor – including Bitswift, AEUR, and IGNIS. This video explains how to easily use this great feature.

      Previous videos at https://www.nxter.org/nxt-news-january-2018-iv/#coinerz_Ardor

      (Back to the Index)

       

      • Bitswift Child Chain

      Bitswift announced a campaign to try and get Poloniex to add SWIFT to the marketplace. A new Medium update highlighted business progression and updated their followers on Bittrex related issues. And finally, Newegg.ca will start carrying Bitswift store products, which is exciting.

      They announced:

      bitswift.press updated
      direct link https://medium.com/@Bitswift.press/bitswift-update-978c4e601ee

      bitswiftbro – Hello everyone, if you want to see Bitswift on marco polo please fill out this form : https://poloniex.com/coinRequest Who knows, with enough requests they might add Bitswift market.

      (Back to the Index)

       

      • Join Nxter’s Channel on Telegram

      Telegram users can now receive Nxter and Jelurida updates – including the Nxter newsletter.

      Follow us here.

      Source

       

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      MEETUPS

       

      • Blockchain for Business Meetup in Barcelona – February 13

      Veronica will host a Blockchain Meetup in Barcelona on Feb. 13th. Learn about Ardor and the emerging world of Blockchain-as-a-Service (BaaS).

      https://www.meetup.com/es-ES/Blockchain-for-Business-Barcelona/

      Language: English, Spanish friendly

      18:30 Arrival and networking
      19:00 Presentation of the group and speakers
      19:45 Q&A
      20:15 Networking
      21:00 End

      Speakers:Veronica Torras and Joan Manel Vilaseca

      (Back to the Index)

       

      • Talk in Chicago on February 15th

      The Blockchain Summit in Chicago will feature Joe Kunzler speaking about ARDR and IGNIS on Feb 15th.

      Joe K – I’ll be giving a talk in Chicago on February 15th and be featuring ARDR & IGNIS prominently in my presentation as well. I will be featuring some examples of unique / well-designed crypto-economic models – if you’re in town let me know !
      https://1point21gws.com/BlockchainSummit/chicago

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      • Blockchain Technology Evolution in US and China

      Last week the Blockchain Connect Conference was held in San Francisco. ANG director Elizabeth was present and met with Chinese community members as well as businesses.

      Elizabeth wrote:

      “China and the US are the two powerhouses in the fast-moving blockchain space. It is critical to understand the Chinese perspective to understand where Blockchain is headed. The Blockchain Connect Conference is the first US-China blockchain conference and will set the tone for the future of Blockchain.”

      There are a couple of introduction conversations with new Chinese ANG members coming up as part of the Igniting the Blockchain series I will be doing as an outgrowth of Ardor Days.

      We do have Chinese community not in Slack and not on What’s App groups who are business minded and interested. I’m in regular touch with our Chinese community and am also going to attend Blockchain Technology Evolution in US and China this week where there will be a large attendance of people from China.

      Chinese exchanges are always part of the discussions. I have a list of 26 suggested possible listings right now. Please understand, I am not the decision maker in this matter. My meetings will be with Chinese business people interested in blockchain 🙂

      She followed up after her return from the conference:

      Just returned from Blockchain Connect Conference where 5 CEOs of crypto exchanges sat on a panel and answered questions – many about how to get listed. I came away with two major things to share with you.

      1. Only about 3% of projects that approach Binance are accepted for listing.
      2. It takes months for the approval process and will probably only take longer as time goes on and vetting becomes stricter.
      So, complaining every day for the next several months is just going to get (more) wearisome for everybody since it won’t do a bit of good. No marketing team will be able to do things any faster.

      I will do everything I can do to facilitate getting our projects listed everywhere. It was remarked by many projects that their goals included getting listed on as many exchanges as possible and I believe that is a good strategy. But this takes more than just wishing it would happen. It is work and it is a long process. Please be patient and let’s work together as a community toward this end instead of tearing the process and the people involved down.

      (Back to the Index)

       

      • Almonte Promoted Ardorgate at Fintech-Love

      At the Fintech-Love conference on Jan. 25th, our community member Almonte spoke about Ardor as a BaaS platform and how it addresses issues Ethereum has not.

      almonte (last Thursday )
      In 3 hours I will be introducing the great Blockchain as a Service that Ardor platform provides and Ardorgate as a real Fintech use case to be launched soon. It´ll be fun! https://gomadrid.tech/simple-event/fintech-love-002/ Pass by if you are in Madrid.

      He described the event:

      It was a very nice experience, I could explain how Ardor platform solves the Ethereum issues and it is already in production, the ArdorGate as a FinTech use case, and how it connects the FIAT world with Crypto. There will be press material and there might be a video, as one was recorded.

      The most interesting part was the discussion with the audience, some of them were thinking that Blockchain = Ethereum and some were interested in learning more about Ardor.

      but @martis, banksters are not afraid. There were several people working with major banks and [they] were making faces when I said Lithuanian bank and MisterTango. I encouraged them to open an account with MisterTango.

      martis
      🙂

      (Back to the Index)

       

      The AE

      • Janus – Status Update

      Janus updated their community in Telegram:

      Something neat we wanted to show you about this first aggregator site.

      One of the things we wanted mainstream users to have was the ability to customize their news based on preference. For those outside the US: this is similar to your political bias. In the US they refer to it as “Left/Right/Center” – google the term ‘left wing’ or ‘right wing’, it’s just a silly term (IMO) for political Bias, anyway heres some screens:



      As you will notice there are drop down menus, [so] if you don’t care what the right wings are saying you can customize to only see articles from center and left wing viewpoints.

      Now… as you can see I have in my account a Kreds balance, this is where the new model we are introducing will come into play: action based tokenization. I know you have seen some of this before in BAT token (kudos to their team great work) and in Steem platform, the differences you will see on launch will be noticed and the actions will also evolve over time.

      Only those who are following our work right now, in Slack and this telegram announcement room + forums/social media will be aware of this: for every 1 Janus token you own, you will receive 2 Kreds after launch.

      We are working on locating a competent long term blockchain developer to help us create this utility coin. The whitepaper and specs are mostly finished now… and if politics isn’t your thing, that is ok: we will have more [sites] coming Q1 and Q2. The Kreds utility and action based earning model will be on every news/pop culture media site we set out. In 2018 it will have at minimum 4 new media sites and distribution on ALL 4 but…this is only the tip of the iceberg.

      As most of you probably noticed on www.janustoken.com, we also are miners and that will come the moment we have our new building finalized. What this also means is [that] we are well aware of how good for token distribution mining is, and a portion of Kreds (unless we simply cannot get a competent blockchain developer) will be set aside for mining. So here we are, looking at multiple sites, distribution, Janus holder distro, mining distro, and you probably think: well they may do an ICO with it too. The answer is no, there will NOT be an ICO – these 3 above methods are the distribution methods. We will use the income from ad revenue, the income from our share of Kreds and from our Janus, and then mining, to help provide the needed income for our team the next year.

      There is much to look forward to, and no, we aren’t forgetting JNS tokens either – they will soon be used as a utility token on a site, hopefully in Q4. This site will be revealed in full once we get it past just the basic framework we have now for it.


      One Last screenshot for everyone. Mainstream users will become curious, blockchain users will already know exactly what this is, but the moment when we mesh the 3 communities (Kreds/Janus/mainstream) will be what I personally am hoping, pure magic. Thanks everyone, enjoy the rest of your week while we continue testing/adding the final touches.

      Janus Telegram: https://t.me/thejanusproject

      Asset Id on ARDOR platform: 4348103880042995903

      (Back to the Index)

       

      DEVELOPMENT

      • Ardor v2.0.13 Upgrade

      Jelurida released a new version of Ardor. The changelog is below. The most important feature is AccountPropertyBundler, a requested feature by third-party exchanges, like AEUR and Bittrex. To ensure smooth operation of your node, always update as soon as you possibly can.

      Jelurida wrote about Ardor v2.0.13:

      Bundlers page UI improvements and bugfixes.

      Added AccountPropertyBundler add-on, which only bundles transactions sent by accounts having the “bundling” property set on them by the bundler. To enable, set nxt.bundlingFilter=nxt.addons.AccountPropertyBundler. This will apply to all bundlers started on this node.

      Added minimumFeeFQT field to the response for all Create Transaction APIs, indicating the minimum required fee in ARDR, regardless of the actual fee specified by the sender.

      Desktop wallet performance optimizations to reduce excessive load.

      Local signing and validation bugfixes, other minor code improvements.

      Download the latest Ardor version from https://bitbucket.org/Jelurida/ardor/downloads

      Download the Android Mobile App https://bitbucket.org/Jelurida/ardor/downloads/ardor-client-2.0.13.apk

       

      Riker- AccountPropertyBundler – This is a bundling filter with which you can run a 0 fee bundler without paying for transaction fee issued by other accounts. When you start a bundler in that node, it will be a filtered bundler. To mark the accounts whose transactions you wish to be bundled, set a property “bundling” (value not important) from the bundler account to the accounts which transactions you wish to bundle.

      Also, see the “Account Property Bundler” article written by Riker in media section.
      You can see the fee structure at https://www.jelurida.com/sites/default/files/ArdorFees.pdf

      Source

      (Back to the Index)

       

      • Weekly Reminder

      Ardor and Nxt are both great platforms for businesses to use. The smart transactions built into the core API provides advanced smart contracts right out of the box. Unlike with Ethereum, you do not need a team of developers to write them. This evergreen article from last year highlights this important point. It is always good to be gently reminded of how great Ardor is as a BaaS solution.

      Source

      (Back to the Index)

       

      • Regarding the Nxt Client

      Some users experienced an error last week. Lior Yaffe addressed the connection error and elaborated on a solution. An official fix will come shortly, but in the meantime, the following should fix the connection issue.

      Riker:

      To anyone having the “Cannot connect to /nxt-proxy” message from the desktop wallet during blockchain download (this problem affects only users who download the blockchain while the desktop wallet is open) :

      Until this is fixed, probably next week, what you need to do is disable the desktop wallet and run the browser wallet http://localhost:7876 instead. To disable the desktop wallet add the following property to nxt.properties:
      nxt.launchDesktopApplication=true

      (Back to the Index)

       

      • Ardor.World – IGNIS Reporting

      An IGNIS asset explorer with all the assets issued on top of the IGNIS blockchain has been released by Sergei Chumak, a well-known member of the community.  The assets here might have some side comments from Sergei, just like he did with the assets on Nxt

      (Back to the Index)

       

      • Ardor.tools – Lite Web Wallet Coming 

      mrv777 is working on a web wallet for his great website ardor.tools.

      As an important security measure, Ardor.tools will ensure that users of the web wallet will never have to send their precious passphrase over the internet. As a friendly reminder: KEEP YOUR PASSPHRASE SECURE!

      Lite web wallet coming with local signing of the passphrase, so it’s never sent over the internet: https://ardor.tools/wallet

      Have to fix the icons and I want to change the url to wallet.ardor.tools, but you get the idea

      (Back to the Index)

       

      • Ardor Lite for Windows

      Also, an Ardor Lite app for Windows is under development and can be tested. Mrv777 advise people to only use testnet accounts for now, as bugs might exist. The source code to install it is below.

      He wrote:

      Hello, I made my Ardor Lite App for Android available on Windows and would appreciate any feedback 🙂 https://ardor.tools/Ardor%20Lite%20Setup%200.7.2.exe

      For now, I recommend only using testnet accounts or accounts with low balances as I am still testing myself. I know the interface lags a little bit, but otherwise I haven’t had any issues so far.

      • Source Code: https://github.com/mrv777/Ardor-Lite
      • MD5 Checksum: 0C43271558D4B5337CBE243CABD4A432
      • SHA-256 Checksum: DBC7280AE4E20D75088B5BFD6BEA0745E5D1E05852E88B1DDAE1ED96AE14B72C

      Thank you!

      Source

      (Back to the Index)

       

      NXT IN THE MEDIA

      • Lior Yaffe in Medium – The Account Property Bundler

      As referenced earlier, a way to bundle zero-fee transactions was added to Ardor at Bittrex support staff’s request. In addition to this release, Lior wrote:

      In Ardor version 2.0.13 released today we improved the UI of the bundler page to make it easier to use. We now separate all the known bundlers of the node from the bundlers started by the current account and limit the bundlers listed, to the current chain, and sort them by rate.

      Lior elaborates the most important point:

      Summary
      The unique parent-child chain architecture of Ardor, enables businesses to bundle zero fee transactions so that their users no longer need to pay transaction fees. This unique function, available only in Ardor, finally allows decentralized applications to reach main stream adaption.

      Source

      (Back to the Index)

       

      • Steemit – Jelurida’s Nxt Platform and Ardor Platform – What Are They, and What Can They Be Used For?

      This article does a decent job highlighting Jelurida’s assets: Nxt and Ardor. They do a good job of explaining how Nxt and Ardor are different and what their specific use cases are.

      They wrote:

      Jelurida is a blockchain startup that creates open-source blockchain startups. Their primary product, Nxt, has been responsible for pioneering many advances in blockchain applications. The team is now focused on building on top of this platform to create their next product, known as Ardor.

      Source

      (Back to the Index)

       

      • Its Blockchain – How Jelurida’s Ardor Platform Compare with the Ethereum Network

      Ardor continues to become more and more recognized as a BaaS leader. The blockchain bloat problem haunts businesses looking for scalable blockchain solutions but Ardor has a unique solution for this with its unique child chain architecture.

      They wrote:


      However, another contender has emerged that is more promising than the Ethereum Plasma update. It is blockchain company Jelurida’s Ardor platform, a proprietary invention which could very well signal the beginning of the end for the blockchain scalability issue.

      Source

      (Back to the Index)

       

      • Kriptologi – Ardor dan Child Chains

      New article for the Indonesian community from our partner Dimaz, the article is in the Indonesian language. Ardor and the concept of child chains are explained.

      Ardor dan Child Chains

      Read his other Nxt and Ardor related articles:

      https://kriptologi.com/category/cryptocurrency/nxt/
      https://kriptologi.com/category/cryptocurrency/ardor/

      (Back to the Index)

       

      • Decentral.fr – ARDOR: La Blockchain et Ses « Child-Chains »

      French language article describing the relationship between Ardor and its child chains. The following infographic is in English while the one in the article is in French. Great way to learn about bundlers, the forging-like equivalent for Ardor child chains.

      Source

      (Back to the Index)

       

      • CryptoUpdates – What it is, Why it Matters and How to Buy and Store NXT Tokens

      Long live Nxt! Nxt matters and CryptoUpdates wrote a nice article explaining how to obtain NXT and gave advice on where to store it. A great tutorial is included for how to convert fiat currency (USD in this case) to NXT.

      Quick Navigation

      Source

      (Back to the Index)

       

      PRICE EVOLUTION

       

      • TradingView – NXT Long

      Source

      (Back to the Index)

       

      • TradingView – ARDOR – Big ass madaf*cking cup and Handle

      Source

      (Back to the Index)

       

      • TradingView – ARDOR to 20,000 Satoshis

      ARDOR IS ALMOST READY TO EXPLODE TO THE UPSIDE! FORMING A CUP AND HAND! WE MAY TEST 61.8 OR EVEN 78 FIB BEFORE CONSOLIDATING AND LITERALLY EXPLODING TO THE UPSIDE!

      Source

      (Back to the Index)

       

      • TradingView –  ARDOR | 300% Potential Profit

      Source

      (Back to the Index)

       

      • TradingView –  ARDOR Ready for Fifth Wave > Huge Potential

      Source

      (Back to the Index)

       

      • Weekly NXT/ARDR/IGNIS 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:

      The following graphic shows the IGNIS / Bitcoin exchange price at AEX over these past days:

      (Back to the Index)

       

      And that is all for this week, Nxters.

      Follow us on Twitter for important breaking updates during the week as they happen. Stay warm and stay informed, dear Nxters. See you back here next week! We will keep you updated on the growing world of distributed ledger technology.

      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.

      Nxt News – January 2018 (IV): Do Not Let The Fear Of Losing Be Greater Than The Excitement Of Winning

      January (IV)

      Welcome again, fellow Nxters! January has been eventful for Nxters – new Jelurida jobs were posted, a new Ardor Time episode was released, and new scam sites were identified and should promptly be avoided. As always, it was an eventful week.

      We address the community concerns about what exchanges are trading Ardor and which ones are trading IGNIS. Your patience is appreciated in these early days, Ardor is on the cutting edge of blockchain technology and as such, it can experience unforeseen delays, as early adopting exchanges have to test everything extra thoroughly. There are always unforeseen challenges with new technologies. Last week Lior Yaffe (Jelurida) announced that more exchanges will list us, this week he informs us about a soon to be released zero fee bundling option for child chain issuers and that more child chains are being on-boarded.

      We welcome back our old readers and warmly welcome our new ones. The cryptosphere is a large, complex, and largely mysterious place for many people and we at Nxter are changing that. We want our readers to become experts in the Nxt / Ardor / Ignis blockchain ecosystem. Take a deep breath, lean back and learn about all the news from last week.

       

      NXT COMMUNITY

      MEETUPS 

      The AE

      NXT IN THE MEDIA

      PRICE EVOLUTION

      This week’s newsletter is put together by James, apenzl, Jose, and rubenbc.


      NXT COMMUNITY

       

      • Ardor Time, Episode 4

      The latest Ardor Time episode was released last week. It documents the statistics of the Ardor launch and informs about the upcoming partnership with Ardorgate that will see the AEUR token shine, assuming you have a Mistertango account. We regret that Americans cannot sign up for accounts with Mistertango, hopefully this changes.

      Ardor successfully went into production on January 1st, 2018 at 00:00:00 UTC. Users of the official Nxt wallet can download the Ardor client and use their Nxt account to log into their Ardor wallet to view their ARDR, IGNIS, and SWIFT balances. Jelurida also announced a partnership with Ardorgate to provide the AEUR token which is a child chain token pegged to the Euro. This partnership will make it easier for users with a Mistertango account to deposit and withdraw funds without involvement of a third-party exchange.

      (Back to the Index)

       

      • Jelurida Job Postings

      Are you passionate about crypto, are you an avid member of the Nxter community and are looking for a way to contribute and be paid? Jelurida is looking for highly motivated and talented individuals to grow the platform. Here are links to the following positions for talented developers:

      • Senior Java Engineers
      • Web and Mobile Developers
      • QA Engineer and Customer Support

      You can also apply now for a marketing and Social Media Intern blockchain job at Ardor Blockchain Platform (Europe), via Cryptojobslist.com:

      We are looking for a self-starter, superstar and eager blockchain beaver who wants to run down the rabbit hole of blockchain tech and cryptocurrency, learning invaluable knowledge and getting hands on experience in the process.

      We can’t guarantee, but this position could turn into something bigger if the candidate creates value and knocks projects out of the park.

      We could use a motivated and enthusiastic professional new in the blockchain market to implement our social media strategy by posting and scheduling content across our main channels (posts would be text and branded images following our brand guide lines) and analyse the stats weekly.

      We offer a great opportunity to step into this amazing and disruptive sector, where the entry barriers for any new professional are high due to its complexity. The blockchain sector it is currently under served of professionals and there are plenty of professional opportunities in the marketing field for those who get start to learn its particularities.

      Source

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      • Exchanges…

      Third-party exchanges have frustrated many of our users and yet the word is not out that they are beyond Jelurida’s control. So, what do we know?

      A lot of energy has gone into fighting FUD and discussing centralized exchanges lately, understandably, and Nxter has been involved in the discussion as well, answering emails and social media messages from traders that assume that we or Jelurida control the exchanges. That we can release people’s funds. Of course, we can’t. Most people know this and accept, wait, post reminders to their exchange. And then some threaten to divide our heads in two with an ax or to turn their back on NXT, ARDR, and IGNIS, if all private exchanges do not release IGNIS, now.

      Yet, 1 NXT is 1 NXT, 1 IGNIS is 1 IGNIS, and 1 ARDR is 1 ARDR.

      You lose them if you dump. You will lose fiat value, of course, if you bought higher than you sell, but you’ll also lose your stake in the blockchain evolution. Not a token with a whitepaper but a working decentralized software solution that you can actually use.

      Let us get to the list of exchanges that have launched our coins so far:

      NXT Exchanges:
      https://nxter.org/exchanges

      IGNIS:

      • Bitcoin Indonesia
      • AEX

      ARDR:

      • Bittrex
      • Upbit
      • AEX
      • Stocks.Exchange

      What has been holding them up for so long? Why the silence? Read this quote from the official ArdorNxt slack’s #trading channel, where Riker gives it a guess:

      Could only be one of these 4 reasons…
      1. There is issues we are unaware of with the current wallet revision.
      2. 2.09 was a real setback and the failure to integrate and the time wasted by exchanges meant that Ardor goes to the back of the queue.
      3. All exchanges have been paid off by ethereum shills to delay as long as possible.
      4. There is far more complexities with the wallet integration than others and requires a lot of time and input from Jelurida.

      1. Nothing critical that should prevent exchanges from launching support.
      2. I think the fact that the Poloniex node was on this fork was indeed a set back. It’s possible that this deter some exchanges.
      3. Unlikely
      4. The wallet integration of Ardor is very similar to Nxt, for Ignis there is additional complexity with the bundling process, in my view this is a minor issue but I can understand exchange developers that want to do more testing.

      Jelurida is offering assistance to any exchanges that need help. Also if a new exchange wants to add NXT, IGNIS and ARDR trading – Jelurida is going to help them.

      (Back to the Index)

       

      • Infographic – Ardor vs Ethereum

      TheWireMaster, a very well known member of the community and owner of The Wiring website has created an amazing infographic that compares the Ardor and Ethereum blockchains features. Click on the image to open it in full size.

      If you’re interested in what else sets Ardor and its IGNIS child chains apart from other blockchain projects, we recommend you to read this article series: Ardor vs the Competition, created by user Segfaultsteve.

      (Back to the Index)

       

      • Bitswift News

      Bitswift announced to the community: They will be working with the Queens Blockchain Innovation Community (QBIC) and they updated the most recent info on the bundler and transaction rates for the store – which has a cool coupon below.

      They announced:

      bitswift.press updated:
      https://medium.com/@Bitswift.press/bitswift-update-978c4e601ee

      Current company bundler with rate at 0.001, which means Bitswift txns will cost you micro fractions of a penny for the next little while. Enjoy the no fees on Bitswift.

      Apply this coupon on our shop at checkout to save 4%, crypto only.

      This is happening over in China – > https://weibo.com/bitswift
      Looks like community is being established there.

      New shop manager on board, Mike. Email mike@bitswift.tech if you looking for any specific product, we can order it for you.

      Also, preliminary announcement here that we will be working with QBIC (Queens Blockchain Innovation Community)

      You can go here to learn more about QBIC: https://www.facebook.com/QBIC.tech/

      Read the Bitswift article released on BTC 38 – Bitswift(飞速)迁移至Ardor(阿朵)主网,成为三大子链之一

      Official forum thread

      (Back to the Index)

       

      • Coinerz – Dev Video

      The Ardor platform is incredibly feature-rich. Many who are frustrated about how slow exchanges are to enable ARDR/IGNIS trading can productively use the time to familiarize themselves with the Ardor client. Coinerz released a handy video showcasing the dev version of their Ardor.fyi site, and 2 videos explaining how to register and secure an Ardor Platform account.

      They wrote:

      Here’s a quick video of the dev version of Ardor FYI. It features news, a block explorer and a forging pool. Most of the stuff is already working, we’re just in the process of tidying things up.

      No voice over as this was a quick preview video that took literally 2 minutes to make. We will hopefully get the site launched in the next week or so and then we will make a proper video.

      An Ardor Wallet Tutorial

      Learn how to open and use your Ardor wallet:

      I’ve uploaded the first of my Ardor Wallet tutorials to YouTube. I’m in the process of making several of these which will show people all aspects of the wallet. Feedback would be appreciated!

      Secure Your Passphrase:

      (Back to the Index)

       

      • Ardor (ARDR) Review – After The Launch

      Last week, crypto enthusiast “CryptoDemetrius” gave his view on Ardor, the recent updates, the dev team and the potential of the Ardor blockchain platform in his review.

      (Back to the Index)

      • NXT GOLD is the Latest SCAM

      As in the story of the Nigerian prince but more modernized, scammers cheat by creating false websites and/or false profiles trying to steal the money. Just because something has NXT or ARDOR in the name does not make it legit. As a general rule, you should ALWAYS be skeptical of new services online. NXT GOLD is a SCAM – do not follow them or listen to anything they have to say!

      Follow the News from these OFFICIAL CHANNELS:

      Nxt official website

      Ardor official website

      Slack and Forum

      Nxt official Twitter

      Ardor Platform on Twitter

      Jelurida website

      Jelurida on Twitter

      Oh. And you can follow Nxter.org on Twitter too. And Ardor Nxt Group.

      (Back to the Index)

      MEETUPS 

      The following blockchain Meetups were announced last week:

      (Back to the Index)

      • Join the Ardor/Nxt Meetup Communities

      Veronica and the community are setting up blockchain Meetup-groups. Another one was just added in Madrid. Check and see if a new has been created near you – or get help to set up one!

      New Blockchain for Business Group in Madrid has been opened by our friend @coradan and got +100 members in just 1 day of this creation!

      This is part of the Blockchain for Business initiative that started Elizabeth in Pensylvania and was followed by veronica in Barcelona (co-organizing it with vanbreuk, rubenbc, fsarrias and Jesse Seaver).

      MADRID:
      https://www.meetup.com/Blockchain-for-Business-Madrid/

      BARCELONA:
      https://www.meetup.com/Blockchain-for-Business-Barcelona/

      PENSYLVANIA:
      https://www.meetup.com/Blockchain-for-Business-by-Central-PA-Ardor-Nxt-Boosters/

      These groups are for anyone interested in Blockchain and how Blockchain can apply to business.

      We will talk about the application of this technology into different industries, we will invite blockchain experts, show use cases and organize panels of discussion with sectorial professionals and thought leaders. We are starting these groups to spread the Blockchain applications for Business and be the ones leading the conversation 🙂

      More to come! We will happy to share our best practices with anyone in the community that wants to create a group in his/her location. Come to channel #meetuporganizers

      (Back to the Index)

       

      • “This is Blockchain” in Vienna on January 30

      Travin Keith will speak at this presentation about the ANG. The intro video below introduces the conference.

      Speakers

      • Travin Keith
        Agavon, Hyperledger & Ardor and Nxt Group (ANG) Member
        Talking about his work @ Ardor & Nxt Group and Hyperledger
      • Paul Polterauer
        CEO Herosphere
        Talking about his successful Herocoin ICO
      • Alexander Pfeiffer 
        Applied Game Studies | Donau Uni Krems
        Introduction, recent blockchain for business projects based on the Ardor/Nxt technology

      (Back to the Index)

       

      The AE

      • Janus – Status Update

      The Janus team launched a tutorial explaining how to buy Janus on the Ardor blockchain.

      Asset ID on ARDOR platform: 4348103880042995903

      C-CEX Holders: Act Now!

      The C-CEX exchange has seemingly slammed the door on Janus and the JNS holders on the exchange. If you have JNS NXT on C-CEX read on.

      Janus wrote:

      After a long conversation, mainly with the owner of C-CEX.com, they decided not to upgrade to Ardor wallet. We explained that position affects Janus users since with the current JNS NXT version you can not send/receive/withdraw unless they perform the upgrade. Unfortunately, there does not appear to be a resolution we can reach with C-CEX.com and the way they handled deposits was, not ideal.

      According to their wallet, roughly 200k $JNS tokens are on C-CEX.com:
      https://nxtportal.org/accounts/14891815879764517044

      After a meeting with the whole Janus Project core team, we decided that the best solution and move forward would be to OFFER the coverage of all 200k $JNS on C-CEX.com for users. That being said, if you´re one of the users affected or you have a friend who has $JNS tokens on C-CEX.com as well, please email us at bjorn@janustoken.com or private message us on slack https://ardornxt.slack.com ( email is better) and provide as much unaltered info as possible like screenshots and we will hopefully get everyone affected taken care of.

      Yours in business,
      -The Janusproject Team

      We asked Janus:

      Isn’t it a problem that c-cex still has 200K JNS on the Ardor blockchain? In 10 years they will still own them and be able to access them. If they are not going to support Ardor, they should delete them or release them.

      Bjorn responded:

      I agree, Arthur, I believe in all honesty that C-Cex has made the money they feel necessary to exist for retirement. I think the main issue is they do not want to take the time to do this upgrade because there is not enough motivation, as sad as that sounds. I’m just going based on what messages I have from them.

      I will be monitoring emails over the next week with more energy to get this remedied for our users, in the meantime pressing the new building owner to pressure the electric company. We have a JNSHash to launch and I am tired of looking at so much hardware not in use.

      New Utility Token

      bjorn_bb:

      There is a lot of information we have withheld due to both the complexity of this year’s milestones and the nature of how it must be done. I will probably have to release a bullet-point version, we have had some ideas already previously used from giving up too much internal work, unfortunately.

      It’s complex but the way we plan the new utility token is very specific and precise.

      It will have some very interesting distribution methods. We are attempting to combine several current methods into one for distribution. The global mainstream, the mining community, Janus community, and then expanded into 3 other sites for further mainstream.

      It has a few things going for it that hindered JNS regarding exchanges. It’s a utility coin thus does not under the current ‘rules’ fall into security. That’s step one. It will be used in several sites (which binance, kucoin, and AEX love). It will act as a payment currency, reward currency and currency to be used in multiple brands. This is the very most I can reveal for now.

      2 major points for JNS users though it is important to have JNS for. One is JNSHash mining payouts membership, the other is for the new coin airdrop. There is a third but depends on whether we can finish this in 2018 or it will have to be 2019. All of our team will be pushing for this year, for the final service. I promise to release full details when we are so close that to copy it would be near impossible. Thanks for understanding. This blockchain space has grown so much and other teams with their multi million ICO money can move faster (or hire more developers) so stealth must be our friend.

      Learn about the Janus (JNS) token on the Ardor Platform: janustoken.com

      (Back to the Index)

       

      • Announcing the ADL Swap to Ethereum

      Adel announced their upcoming token swap. Back in November, the Adel community voted to migrate one of their tokens (ADL) from the Nxt ecosystem to the Ethereum ecosystem. Last week they released the following specifics, planned for February 15th:

      We are putting the finishing touches on the ADL Swap Module for the upcoming move to Ethereum, planned for February 15th, 2018. Shortly before, we will release a guide on how to create an Ethereum wallet and move your coins from Nxt. For any questions related to the swap, reach out to us on Slack or Telegram.

      (Back to the Index)

       

      NXT IN THE MEDIA

      • Lior Yaffe in Medium – Ardor Launch — Update #3

      Core dev, Lior Yaffe, released another Medium update about Ardor. Successfully running for over three weeks now, there have been several challenges to overcome and more will present themselves. The Jelurida team is very busy securing the future of Ardor by on-boarding new clients and their child chains as well as securing the blockchain from any bugs and glitches.

      He wrote:

      We are on-boarding new child chains

      Before, during and after the launch of Ardor we were approached by many teams about creating a new child chain for their project, now that Ardor is launched and stable, we are starting to put more time and effort into on boarding new projects. To make sure we only introduce high quality projects, we would like each child chain to represent a real business with a clear use case and revenue model. Therefore, child chain creators will sign a Terms & Conditions document with Jelurida and pay a listing fee. This is something that has never been done before in the cryptosphere and we are building this process on the go so be patient with us

      To summarize, looking forward for another productive week and working hard on putting this wonderful Blockchain platform into solving real life problems.

      Source

      (Back to the Index)

       

      • Lior Yaffe in Medium –  The Token Duality Problem

      Lior wrote about the problems of having a single ledger with a dual purpose: 1 – Transfer of value, and 2 – Security of the network. These two problems are not intractable but they present fundamentally different issues and directions for a token to go, possibly creating unforeseen issues.

      His expert opinion:

      Why does Ardor solve (or will solve) the token duality problem?

      In Ardor your end users pay the transaction fee in the child chain token, and as long as it makes sense from business perspective, this fee can be zero. Fee payment of the security token is off loaded from the user to the “bundler” which can be a business responsible for the child chain, think exchanges, merchants, payment processors, startups.

      In Ardor, the child chain transactions will be pruned, i.e. removed from the blockchain once they are stored deep enough into the blockchain. Anyone who is still interested in the full transaction history will be able to setup an archival node and store it, but it will no longer be part of the blockchain itself.

      Lastly, each child chain will deal with it’s own applications and would be much less dependent on the rest of the applications deployed to the platform.

      Source

      (Back to the Index)

       

      • Themerkle – What is Ardor?

      A nice primer on Ardor. The scalability and customizability are major selling points for Ardor in the burgeoning field of Blockchain-as-a-Service (BaaS). The unique child chain architecture of Ardor and how it affords pruning and scalability to any business and their child chain is explained.

      They wrote:

      TheMerkle Ardor BaaS

      In the world of cryptocurrency, there are many projects which try to bring something new to the table. Ardor is one of those projects which most people know little about, even though it certainly offers something unique. It positions itself as the first scalable blockchain-as-a-service platform for businesses. Living up to these expectations will not be easy by any means, but now is a good time to take a closer look at what Ardor brings to the table.

      Source

      (Back to the Index)

       

      • Coincentral – What is Nxt? | Beginner’s Guide

      This is a well-written primer on Nxt, for those who are uninitiated. Ardor is getting the buzz these days but Nxt is over four years old and still one of the best Proof-of-Stake (PoS) blockchains out there. Ardor can be referred to as Nxt 2.0 but is a different blockchain with other use cases – so it is important to know and understand the continued usefulness of the world’s first 100% PoS token.

      They wrote:

      What is Nxt?
      Nxt uses the blockchain to create an entire ecosystem of decentralized features, all of which require the Nxt currency. Instead of modifying the original Bitcoin source code, as many altcoins have done, Nxt developers wrote their own code in Java from scratch. While Nxt is a public blockchain, licenses for private blockchains based on its software are also available for purchase. The developers refer to Nxt as Blockchain 2.0, providing numerous applications beyond simply keeping a public ledger of transactions.

      Source

      (Back to the Index)

       

      PRICE EVOLUTION

      • TradingView – Ardor is the MOST underrated crypto right now!

      Source

      (Back to the Index)

       

      • TradingView – Ardor / Bitcoin (BITTREX)

      Source

      (Back to the Index)

       

      • Weekly NXT/ARDR/IGNIS 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:

      The following graphic shows the IGNIS / Bitcoin exchange price at Aex over these past days:

       

      (Back to the Index)

       

      And that is all for this week, Nxters.

      Follow us on Twitter for important breaking updates during the week as they happen. Be smart and stay informed, dear Nxters, we work hard to earn your trust. 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.

      Nxt News – January 2018 (III): The Person Who Says It Cannot Be Done Should Not Interrupt The Person Who Is Doing It

      January (III)

      Welcome again, fellow Nxters!

      Last week a new infographic was released by the ANG that highlighted the Nxt Roadmap for early 2018, NXT was added to a new exchange, Jelurida released a fee structure document for all possible transaction types on the Ardor blockchain, a new version of Ardor was released, the weekly reminder is that you can customize your account ID’s – a great feature for businesses, and much more.

      We know some of our readers are frustrated with the fact that their Poloniex and Bittrex accounts are still frozen. We address this with updates from bittrex-richie, Lior Yaffe, and other community members. Your patience is appreciated in these early days, Ardor is on the cutting edge of blockchain technology and as such, it can experience unforeseen delays, as early adopting exchanges have to test everything extra thoroughly (and in this case also credit their NXT holders with IGNIS).

      We welcome back our old readers and warmly welcome our new ones. The cryptosphere is a large, complex, and largely mysterious place for many people and we at Nxter are changing that. We want our readers to become experts in the Nxt / Ardor / Ignis blockchain ecosystem. Take a deep breath, lean back and learn about all the news from last week.

       

      NXT COMMUNITY

      The AE

      DEVELOPMENT

      NXT IN THE MEDIA

      PRICE EVOLUTION

      This week’s newsletter is put together by James, apenzl, Jose, and rubenbc.


      NXT COMMUNITY

       

      • Infographic by ANG – Nxt Roadmap

      The ANG released an infographic about Jelurida’s plans for the Nxt blockchain this year.

      Their goal is to develop Nxt into the go-to resource for simple and secure ICO’s. The Blockchain Creation Kit will be highlighted as a development resource and the dev team will add new Ardor features that do not rely on the parent/child chain architecture to Nxt by Q2 .

      (Back to the Index)

       

      • NXT Added to Changenow

      Last week NXT was added to Changenow. This exchange claims to be an easy alternative for people frustrated with the experience of crypto exchanges. Exchange NXT with over 10 other popular cryptocurrencies all while not registering an account. This is significant for Nxters who are looking for an exchange that does not harvest their personal data and charge unknown and mysterious amounts of fees.

      Source

      (Back to the Index)

       

      • Exchanges, exchanges …

      So, we enter another week with the Ardor network up and running in perfect condition, with the launch of the AEUR Euro-pegged Ardor child chain getting closer, with businesses adopting NXT and ARDR, and… still no IGNIS and/or ARDR wallets or trading markets on Bittrex, Poloniex, UpBit, and HitBTC exchanges. No exact date has been given from them about when assets will be unfrozen and trading will be allowed.

      Only a few clues indicate that the moment a lot of holders on those exchanges are waiting for is finally closing in.

      From Bittrex’s Slack channel, January 12:

      In a Medium post, posted on the same date, Lior Yaffe (Jelurida) writes:

      Bitcoin Indonesia are operating with an IGNIS/IDR pair without problems

      AEX has already enabled trading and deposits of both ARDR and IGNIS (withdrawals probably next week)

      Our developers answered questions from Bittrex developers until 04:25 am tonight

      We are working with two new exchanges on Nxt/Ardor/Ignis integration

      The social media storm from internet trolls and nervous traders has calmed down a bit, but voices are still heard

      A great post on Reddit summarises the current situation quite well and so deserves a quote as well.

      Saram78 wrote:

      Yes it sucks to have your money locked up on the exchange.

      Bittrex has handled this poorly. However the Intel security bug and Azure outage affects the ENTIRE exchange. Surely the priority must be given to that as opposed to working on a single coin. The timing is terrible. It really is. When it rains it pours. Do you know how you can prevent this in the future? Don’t leave your coins on the exchanges! You’ve heard it a million times and finally now you can see why. The Ardor team said which exchanges would support the snapshot however they also said that the best thing to do would be to put your coins in your wallet. Keeping coins off the exchange is an important tip to becoming a max coin expert.

      Poloniex: On a fork. What dumbasses. However, they did disable deposits and withdrawals for now so I can assume they are working on it. Remember that Intel bug? Yeah it was a big deal for ALL the exchanges. I also want to point out that Polo never announced any support for the snapshot and if you kept your coins on there then again, that’s on you. The safest place for your coins is in your wallet, where you control the private key. (…)

      Suggested reading: https://en.wikipedia.org/wiki/Fear_of_missing_out

      https://www.forbes.com/sites/keldjensen/2014/10/20/why-you-miss-success-opportunities-and-dont-see-the-invisible-gorilla/#65b60a902131

      1. Ardor is not a whitepaper. It is not just some tokens on an exchange. It is a real product.
      2. Ardor is not yet listed on a number of big exchanges.
      3. There has not yet been any marketing for Ardor. Once all the current fires have been put out then there will actually be something to market.
      4. Proof of stake is going to be big. Not everyone can afford to mine coins. Everyone can afford a Raspberry Pi.
      5. The main net just launched.

      Let’s hope that this week will see the release of those people’s tokens, that held them on the above-mentioned exchanges. You can stop saying Nxt or Ardor is a scam though, it absolutely is not – these are technical issues being worked on by very talented engineers.

      (Back to the Index)

       

      • New Pair IGNIS < > BitCNY on AEX.com

      AEX was the first exchange to open IGNIS < > BTC trading, and it is now the first to have added IGNIS < > BitCNY. That said – only two days after the launch of this new trading market, AEX  suspended deposit and withdrawal of ALL COINS due to optimization work on the exchange. You can still trade if you have funds on the exchange already.

      They wrote, on Jan 14:

      In order to continuously optimize and test the stability of the deposit and withdraw system, we will gradually open the deposit and withdraw function after the new deposit and withdraw system is launched (priority to open BTC/DOGE/LTC/ETC/ETH and so on), which takes about 3-7 days to complete.

      We deeply understand that it will cause inconvenience to you in the process of renewal. So we decided to subsidize the user by holding a big incentive program after the work was done. Thank you very much! We hope that you will be more satisfied with AEX in 100 days. We have a much higher dream, hoping to become one of the Top 20 exchanges in the world when AEX is one year old.

      More info: https://www.aex.com/page/news/notice/2018/0114/en_139.html

      AEX is a relatively newly launched Chinese exchange, run in partnership with BTC38. On Oct 31st, 2017 the popular BTC38 exchange was, along with other Chinese crypto exchanges, forced to shut down by the Chinese Central Bank, the People’s Bank of China (PBOC), as they clammed down to stop all trade of virtual currencies against the Chinese Yuan (CNY). On Nov 1, AEX.com started its operation.

      AEX supports NXT, IGNIS and ARDR trading. We look forward to the launch of the new deposit and withdraw system, AEX!

      (Back to the Index)

       

      • Infographic by ANG – How to set up an Ardor Wallet

      Quick walk-through of how to download, run and log in / register a new account with the Ardor Client. Pass it around to your friends and family who are curious about how to become involved in crypto. Remember, if you had a Nxt account before the Nxt Snapshot on December 28th, 2017 then you have an Ardor wallet of the same name with the same passphrase.


      Source

      (Back to the Index)

       

      • Jelurida Specifies all Rates for Ardor

      For those users who are confused as to what costs what on the Ardor blockchain, the below table from Jelurida highlights the costs of every possible transaction. The fees are standardized. Jelurida prides itself on being transparent and now all transaction types have an associated fee – some of which vary by size. To repeat, some transaction types, like sending encrypted messages, have standard fees per unit of space.

      Jelurida wrote:

      This document is a summary of the current Ardor blockchain transaction fees. Fees are determined by the transaction type, but also depend on parameters such as attachment sizes and phasing options, and are therefore not a simple constant for each transaction type.

      The minimum fees are denominated in ARDOR. On each child chain, fees are paid in the native token, and it is up to the bundlers to decide what exchange rate to use when accepting native tokens from transaction senders and paying ARDOR to the block forgers.

      All transactions that directly modify Ardor chain balances must be stored on the Ardor chain, and their fees are payable in ARDOR only, there is no bundling process involved for those.

      (Back to the Index)

       

      • Bitswift Child Chain

      Many users have not yet discovered that they have some BITSWIFT tokens! The BITSWIFT Airdrop occurred at the same time as the IGNIS, but the amount airdropped was only 10% of total coins.

       

      Nxt accounts received 1 Bitswift token per every 2500 Ignis token. Only 3.88 Million Bitswift tokens exist. BITSWIFT is tradeable on the Ardor client’s Coin Exchange, and on Bittrex, when they enable their Ardor based wallets.

      Bitswift has a maintained thread on Nxtforum, make sure to follow and interact if you have Bitswift questions.

      https://nxtforum.org/bitswift/

      bitswiftbro 
      Noticing scam Bitswift asset on Nxt ae : BITSWIFT
      ID: 9984460535736205672 – be careful.

      (Back to the Index)

       

      • Romanian Meetup

      The first blockchain Meetup in Romania occurred last week and it was well attended. Ardor and Nxt were introduced after an introduction to blockchain technologies. Special thanks to longtime community member, almonte, for presenting this Meetup.

      Almonte wrote:

      What a nice surprise to realize how many people were interested on blockchain and particularly Ardor (The photo does not have all the attendees, apologies I forgot making it earlier).

      I really appreciate the effort for the ones that came for such remote places for the meetup, I take my hat off to you all. Thanks a lot for coming, it is a community that for sure will grow up a lot

      We had an introduction to the blockchain tech, explained NXT, Ardor, the APIs, discussed about the future and the potential use cases for companies.

      Thanks all the attendees for coming and thanks for the Hotel Crisana Arad for sponsoring the event

       

      The AE

      • Janus – Status Update

      New website! Janus team has updated their site @ janustoken.com.

      Up

      Janus saw a big spike last week, as someone bought all the sell orders on stocks.exchange and made the price go boom. As the unreal price serge was picked up from CMC and speculators wondered what they missed, the Janus team commented on YouTube:

      This spike was funny, but there is many things this year we are ready to deliver and have a more valid reason for value. Stay well!

      Scraper sites

      bjorn_bb:

      I will show a screenshot soon, we are close to finished anyway
      cant hurt
      how about later this week for that

      Q: whats the business model. how you monetize scrapers?

      ascendus – it will have the standard ad system on each scraper we launch and it will also have at first a credit model system that gives users incentive to create great comments to articles. So we are building an inter-site media currency for the masses around the world. Profits realized from both the ad system and this currency would be found.
      Our goal this year after we roll out the first political media scraper site is to take user feedback and improve, so when we launch the other 3 sites in varying sectors of business/society, these will each improve the model over time. Our team is pushing to have 4 sites of this nature up by Q2.

      Q: whats plan for mass adoption? marketing? its ardor based?

      ascendus – Marketing, of course. Ardor based, Janus is.

      JNSHash

      Still waiting. bjorn_bb writes:

      I have been pushing the new building manager for JNSHash mining farm to encourage the town to move their butt and grant us the amperage we need. So far, we are still in the waiting for town approval, this is painfully slow for me, and much harder looking at so many machines and rigs without blinking lights and deafening sound. I will continue to push to speed things up.

      Asset Id on ARDOR platform: 4348103880042995903

      Source

      (Back to the Index)

       

      DEVELOPMENT

      • Ardor Update – Version 2.0.12

      Another new release of Ardor. Always update to the latest version of the Ardor client as soon as possible. Not only does this keep your account secure, it also prevents the risk of users ending up on a fork, like was the issue last week. The changelog for the latest version is below. The Ardor Android app also received the update, link below.

      Change log:

      Fixed setting the ecBlock parameter used when doing local signing for remote
      nodes, light clients, and mobile clients.

      Coin exchange totals are now trimmed according to the chain decimals.

      Lior Yaffe wrote:

      We added mirror download links for Ardor 2.0.12 these are supposed to be super fast. I’m getting up to 3MB/Sec when using them.

      • Updated Android client app

      Android Mobile App https://bitbucket.org/Jelurida/ardor/downloads/ardor-client-2.0.12.apk
      SHA256 d16ec77758a6b759c10e83329c60bf6accfb600a70a1e06a2be6564257747019

      Source

      (Back to the Index)

       

      • Weekly Reminder – Branded NXT Accounts For Your Business

      Did you know you can “mine” accounts? Do you want the first four characters of your account to be something clever and unique, like ARDR or your initials? With the Secret Miner service, you can buy accounts that they mined and obtain a personalized NXT / ARDR / IGNIS account.

      Remember that any NXT account passphrases open the same accounts on the Ardor platform?

      Here, you have the chance to get yourself a customized account ID to use with Nxt, Ardor and on any child chain.

      Source

      (Back to the Index)

       

      • ArdorPortal.org – A Fast Javascript Blockchain Explorer for the Ardor Platform

      A new JS blockchain explorer is being actively developed for the community by the longtime member, coretechs. The UI is very similar to Nxtportal.org but the backend is very different. The functionality of the site is not yet complete but you can look up blocks/accounts/transactions in the URL if you know the route structure.

      coretechs: I’ve started developing a block explorer for Ardor. It has a similar look and feel to Nxtportal.org but under the hood it is a complete rewrite from the ground up. I will be adding lots of bugs and features over the next few months. https://ardorportal.org

      Update: Added initial support for transactions. Features are going slow as I continue to refactor core functionality but it’s getting to a much better state. There is no search yet but you can look up blocks/accounts/transactions in the URL if you copy the route structure.

      Examples:
      https://ardorportal.org/blocks/block/12941259523131023515
      https://ardorportal.org/transactions/fullHash/fed2d88ad09e6acbc360c296a2162a6e887b2e387edd060be0196e5a88cac7fb/chain/2

      Also accounts work for both numeric and RS lookups:
      https://ardorportal.org/accounts/account/ARDOR-8MVA-XCVR-3JC9-2C7C3
      https://ardorportal.org/accounts/account/11551286933940986965

      (Back to the Index)

       

      NXT IN THE MEDIA

       

      • Lior Yaffe in Medium – Ardor Launch — Update #2

      Lior published a new Medium article about the latest news regarding Ardor. He addressed the ongoing difficulties with exchanges integrating the Ardor blockchain, spoke about new changes in the latest release, and highlights community projects like Ardorgate and Ardorportal.

      He wrote:

      We are making good progress on all fronts
      Peer Explorer is back online https://ardor.peerexplorer.com/

      Block explorers https://ardorportal.org and https://ardor.tools/ continue to add features and fix problems.

      Ardor world looks better than ever https://www.ardor.world/en/

      I would like to personally thank the dedicated operators of these web sites who work day and night to improve them.

      Then we have Ardorgate who assembled a dream team of engineers to bring the AEUR Euro peg chain online. Keep your fingers crossed.

      Our business development team is now sifting through dozens of child chain requests. We are building the application process and the necessary legal framework and had several calls this week and many more in the following weeks.

      Source

      (Back to the Index)

       

      • Steemit – A Gate Between the EURO and Cryptocurrencies

      Steemit had a piece showcasing the usefulness of Ardorgate – the service that will convert between AEUR tokens and Euros via users Mistertango accounts. When online, the Ardorgate service will make it very easy for people to enter and exit the cryptomarket with their fiat currency, eliminating the bottlenecks experienced by most with third-party crypto exchanges.

      They wrote:

      Yes you read it right, euro to crypto coins. Because on the Ardor blockchain there will be an unique service: Ardorgate.

      With the Ardorgate service, users with a Mistertango account will be able to easily transfer and convert AEUR tokens into Euros in their Mistertango account. This means you can convert any of Ardor’s child chain tokens to AEUR and cash them out as EUR with Ardorgate!

      The AEUR coin of the Ardorgate is pegged to the EURO, you will be able to easily deposit EURO directly via Ardorgate and trade AE tokens (Ardor’s ERC20 equivalent) globally, buy and sell Marketplace items on the blockchain, and even trade other Ardor child chain coins against the EUR-peg.

      Source

      (Back to the Index)

       

      • Insidermonkey – Blockchain Solutions For Secure Financial Transactions

      They wrote an article about how Jelurida created a secure and ideal asset for the financial tech (fintech) sector. A good use case for the Ardor blockchain and also good coverage of this great product.

      Jelurida’s Ardor platform will be an incredible asset for entities in the financial sector because data can be stored in a decentralized manner without the threat of blockchain bloat. This will decrease the likelihood of centralized attacks in addition to providing network security.

      Furthermore, the platform architecture allows for seamless child chain interaction, giving different financial firms the ability to create their own chains without cutting off important links to other firms and databases. Because the Ardor parent chain is dedicated to maintaining security for the whole network, companies don’t have to worry about providing their own measures for their child chain(s). Additionally, child chains are freed up to transact, creating a streamlined and efficient operating procedure.

      Source

      (Back to the Index)

       

      • Theusacommerce – It’s Already 40% Higher Today. Will Ardor (ARDR) Finally Hit $2.00 Again?

      As of writing, yes ARDR is back over $2.oo again. This piece is noteworthy in its inclusion because it demonstrates, in a non-speculative manner – that Ardor is a strong currency with a very bright future in the Blockchain-as-a-Service (BaaS) world.

      ardor coin price

      They wrote:

      ARDR is a strong currency because of the technology that backs it up. This coin is the native token of a blockchain-as-a-Service (BaaS) platform. Much like the Ethereum network, the Ardor network supports new cryptocurrencies being built on the network – using the same code.

      With this platform, unlike with Ethereum, the new blockchains that launch on the network are referred to as “child chains.” The big draw with child chains is that new crypto coins can be created without any coding knowledge necessary. It’s a sort of “out of the box and ready to use” approach to the BaaS concept.

      Source

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      PRICE EVOLUTION

      • Weekly NXT/ARDR/IGNIS 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:

      The following graphic shows the IGNIS / Bitcoin exchange price at Aex over these past days:

       

      (Back to the Index)

       

      And that is all for this week, Nxters.

      Follow us on Twitter for important breaking updates during the week as they happen. Stay warm and stay informed, dear Nxters. 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.

      Nxter News – January 2018 (II): If There Is No Struggle, There Is No Progress

      January (II)

      Welcome, fellow Nxters!  The last week has been frustrating for a lot of users with IGNIS and ARDR in third-party exchanges, we know the desperation many of you feel at having your assets be inaccessible or untradeable.

      Jelurida works with the exchanges to try and make everything run smoothly. Ardor is a completely new blockchain concept – it is cutting edge, and it is a decentralized ledger; if users lose funds, or the exchange gets hacked, there is no way to get the tokens back and the exchange will be blamed.  Last week Poloniex opened deposits and withdrawals while being on a fork, and they are now reimbursing their users. So, patience, dear Nxters, the centralized ARDR markets will re-launch successfully, and IGNIS will be added successfully. Eventually. We do, just like you, long for an update from, for example, Bittrex.

      We recommend traders to spend the waiting time to investigate the functionality of the blockchain you invested in. Ardor is a useful, disruptive, working, truly revolutionary blockchain platform, and you might realize that there is no reason to panic. Read, learn and explore the Ardor platform – use your creativity. You can log in with your account ID on ardor.nxter.org and check your balances but we do not recommend that you send your passphrase to ANY online node. Download the latest Ardor client, run it in full mode as it is fast as the blockchain was launched very recently.

      Anyone who bought into the ICO or held their NXT in their own wallets (as we recommended over and over again), at the snapshot block, can enjoy using the Ignis, Bitswift and Ardor features. It seems to us that some investors have little to no idea about what they have actually invested in. Or think that Nxters control Bittrex, or (unfortunately) fall for scammers and phishing sites in their desperation to sell because they see the value of NXT dump after the airdrop of IGNIS. This is a shame. Ardor and Ignis work like a breeze. Activate your ARDR by forging, set up bundlers to earn IGNIS. Only seven items have been listed for sale on Ignis’ decentralized marketplace so far, as this is a completely new blockchain. Create a poll, shuffle your IGNIS or issue a mintable coin. On the Bitswift chain there are plenty of unclaimed aliases. Do you wonder what the AEUR chain is? Then keep reading.

      We welcome back our old readers and warmly welcome our new ones. The cryptosphere is a large, complex, and largely mysterious place for many people and we at Nxter are changing that. We want our readers to become experts in the Nxt / Ardor / Ignis blockchain ecosystem. Take a deep breath, lean back and learn about all the news from last week.

       

      NXT COMMUNITY

      MEETUPS

      The AE

      DEVELOPMENT

      NXT IN THE MEDIA

      PRICE EVOLUTION


      This week’s newsletter is put together by apenzl, rubenbc, Jose, and James.
      Donations appreciated: NXT-TK9J-MEKH-MUP9-HFCH2 / ARDOR-TK9J-MEKH-MUP9-HFCH2.


      NXT COMMUNITY

       

      • Upgrade to Ardor v2.0.11

      Jelurida released a MANDATORY UPDATE (2.0.10) and followed up with 2.0.11, which fixes the problem with forks automatically.

      It is mandatory to update from version 2.0.9. Update to the newest version, 2.0.11, which fixes the problem with forks. Bugs are frustrating but inevitable with new releases, they are even on the experienced Jelurida team’s roadmap: Q1 2018 – resolve any issues discovered post-launch and ensure stability.

      Jelurida wrote about Ardor v2.0.11:

      Change log:

      Version 2.0.11 blacklists peers older than 2.0.10, and adds a checkpoint at height 6000.

      Changed Open Coin Orders to My Coin Orders in the Coin Exchange, sort orders per chain then per rate descending, added pagination.

      Always make prunable messages prunable regardless of their length, if the “message is never deleted” checkbox is not checked.

      Added Mistertango withdrawal UI to the AEUR child chain, not yet functional.

      Increased default number of fork confirmations to 5.

      Other minor bugfixes and improvements.

      This release will perform a database rescan.

      Download the latest Ardor version from https://bitbucket.org/Jelurida/ardor/downloads

      (Back to the Index)

       

      • Jelurida Update

      Lior Yaffe, Managing Director of Jelurida and core developer of NXT Ardor, joined Elizabeth Mong to talk about the launch of the Ardor Platform and Ignis. He addressed questions about availability on the exchanges, the future plans of NXT and Ardor, the AEUR child chain and the responsibility Jelurida takes in entering into business relationships.

       

      Source

       

      • IGNIS is now Trading on AEX.com

      AEX announced that they support IGNIS trading!

      Use your AEX account to exchange IGNIS into, and out of, BTC.

      The pair BTC/IGNIS is available on AEX.com

      (Back to the Index)

       

      • IGNIS Available to Trade with Rupiah

      Bitcoin Indonesia announced that they support IGNIS trading.

      Source

      (Back to the Index)

      • Ardorgate and the AEUR

      Ardorgate’s EURO-pegged Ardor child chain (AEUR) is entering its last stage of preparation. 

      The AEUR coin is pegged to EUR, so you will be able to easily deposit EURO directly via Ardorgate and trade AE tokens (Ardor’s ERC20 equivalent) globally, buy and sell Marketplace items on the blockchain, and even trade other Ardor child chain coins against the EUR-peg. 

      martis (Ardorgate) posted this teaser in Slack:

      Withdrawals to your bank account can be made directly from the Ardor client.

      When the Ardorgate service becomes available, users with a Mistertango account will be able to easily transfer and convert AEUR tokens into Euros in their Mistertango account. This means you can withdraw salary earned in AEUR, AEUR you earned from selling items on the global marketplace, or you can convert any of Ardor’s child chain tokens to AEUR and cash them out as EUR with Ardorgate. If you like fiat legacy coins better than decentralized crypto, that is.

      Ardorgate wrote:

      From start, Ardorgate service will be limited to Mistertango customers only.

      Mistertango is a licensed/regulated bank/payment provider. All services for Mistertango individual customers are free of charge, by opening account you get your own IBAN account, free MasterCard and access to their BTC exchange. You can learn more at www.mistertango.com.

      Deano – can I withdraw AEUR to MisterTango in Euros, or is it just backing the AEUR value?

      martis – sure you can withdraw. You’ll send me AEUR, Ardorgate will send the corresponding amount of EUR to your mistertango IBAN account. think about Ardorgate as casino cashdesk. Just service fees will be applied.

      Source

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      • Coinerz – Gamified GPS App

      Triffic is a new Coinerz app being developed that is looking to gamify driving, using the Ardor Platform – Triffic Miles will be the Coinerz equivalent of Air Miles. The app is just entering alpha testing phase.

      They write:

      Coinerz is excited to announce that their gamified GPS app is shortly entering the alpha testing phase.

      “Triffic is one of the first apps that uses the blockchain for something other than cryptocurrency.” says James Malach, the Coinerz CEO. “We are using the Ardor platform and its unique child chain technology to provide a decentralised ledger of Triffic Miles – our equivalent of Air Miles.”

      Triffic has been self funded for the last 18 months and we will be issuing an ICO in the next couple of months. The actual asset is fundamental to the workings of Triffic. Holders receive dividends based on a percentage of the revenue that the app makes…

      There are several revenue streams.

      1. Triffic Miles – earned by filling your virtual tank with Triffic Fuel. Watching a short video message will give you 30 minutes of Triffic Fuel per message.
      2. Subscriptions – paid subscribers are able to earn Triffic Miles faster than free users.
      3. Hotel and Taxi bookings – it’s possible to book through the app.

      Also, the business is HUGELY scalable. We can launch in pretty much every country on earth – even Antarctica!

      We also have @gabriel who will be helping with localization via his company Kotoba Translation. Gabriel is also an admin on ardornxt.slack – we’re trying to keep everything ‘in the Ardor family’ so to speak!

      J’adore Ardor!

      Elizabeth, the soon-to-be director of the ANG (Ardor and Nxt Group), conducted an excellent interview with Coinerz CEO James Malach during Ardor Days, check it out below.

      (Back to the Index)

       

      • FRAS COIN: Official UBER GRAB Partner

      Last week Indonesian PT. Frasindo Lima Mandiri pre-announced their ICO! It is planned for February 1st.

      Frasindo is an up and running company, authorized by the Indonesian government as an official partner of UBER, GRAB, and GOCAR in Indonesia. They also rent out cars. Their whitepaper is an intense, colorful 78 pages read.

      FRAS writes in their whitepaper:

      We at PT. Frasindo Lima Mandiri thinks someone has to begin the principle of trust and transparency in blockchain communities, in the hope of pioneering the first truly open & transparent company, as well as setting standards for all other new ICO and Crowdsale projects.

      Each of PT. Frasindo Lima Mandiri’s brands and products are positioned and well-planned to have a FAILPROOF capability, not only giving advantages and fun, but also will generating lifetime income for its coin holders.

      Each brand and product will be connecting to each other, and have short, medium, and long-term sources of income. This is very valuable and rare opportunities that are rarely opened to the public, and it’s often unreachable by majority small and medium supporters in the world.

      The whole company is fully cooperating as a use case of blockchain tech, guided by the NXT Foundation to use the full extension of the proven NXT ARDOR IGNIS features.

      It’s not that Frasindo can’t continue without an ICO. They can. But they have an ambitious goal and vision.

      FRAS coin has not yet been approved and contracted for an Ardor child chain, but they are currently in talks with Jelurida.

      Follow their twitter

      Whitepaper: More info

      Website: https://www.frasindo.com/

      (Back to the Index)

       

      • Ardor Featured by Ironwood Research Group

      An investor’s guide to Ardor was published by the Ironwood Research Group last week. The report highlights the scalability and positive outlook of Ardor.

      All about NXT:

      (Back to the Index)

       

      • MyNXT Wallet Closed on December 31st

      Many MyNXT users discovered that their MyNXT wallet was closed. We announced it months in advance, but many missed the message. For the next month, ONLY, Vanbreuk will help users who did not transfer their NXT assets. PM Vanbreuk in Nxtforum.

      Vanbreuk – During this month I will take care of requests from myNXT users who did not transfer their NXT/assets or download a backup from their myNXT wallet account, manually recovering their information from the database. They should PM me in Nxtforum or send me an email to vanbreuk at gmail dot com with their request, and I will reply with instructions. I’m solving the cases in order of arrival.

      However, this cannot be sustained indefinitely since there are server costs and time involved. I understand that users did not see the email or did not visit the community for months, but I’m currently delaying important tasks to attend to these requests. If after the end of January there’s still any requests to recover accounts with a significant amount, I can discuss the case with the user, but at least I’d need to charge a fee to cover costs.

      (Back to the Index)

       

      • What is SICOS?

      Are you thinking about having an ICO? Worried about the legal stuff? Understandable, you should be. Then you might want to know about SICOS. Co-founded by Travin Keith, members of ANG and SICOS helped Jelurida with their Ignis ICO. They just announced last week that they are now ready to take new clients.

      SICOS wrote:

      SICOS, the company that helped Jelurida with their ICO, is more than open to helping ICOs launched on Nxt or Ardor. We’re still in our early stages and Jelurida was our first client, but we are progressing nicely. SICOS is also a member of ANG.

      Nxter supports all community initiatives that help and grow our ecosystem. With Travin on board their clients are not only guaranteed quality legal advice but also knowledge of the Nxt and Ardor platforms and every feature built in, such as the crowdfunding feature or the asset exchange (issue ERC20 like tokens on Ardor in minutes, with few clicks), pay dividends to approved holders or/and control who can trade them on the decentralised Ardor exchange against child chain currencies, or on centralised exchanges, when they are ready to launch the markets.

      Reminder: If you run a project related to the Nxt or Ardor platform and want a mention on the Nxter site and newsletters, don’t hesitate to contact us.

      Source

      (Back to the Index)

      MEETUPS

      • Romanian Meetup Coming Soon

      The first blockchain Meetup in Romania is on January 12th at the Hotel Crisana in Arad. The presentation will highlight how the blockchain can be used by businesses and will include a presentation by Ardor!

      It was annouced:

      The Romania´s meetup is ready: https://www.meetup.com/Meetup-de-Ardor-Platform-in-Arad/

      If you are nearby, join us!

      This event would not be possible without the sponsors: Hotel Crisana Arad: http://www.hotelcrisanaarad.ro part of the Gastrotur SRL conglomerate. Thanks for them and for having the vision about how the blockchain tech will improve their companies. They will provide us with one of the best conference room in town.

      It will be an introduction to Blockchain technology and a presentation of the Ardor Platform: https://www.ardorplatform.org

      A laptop is recommended so we can make some hands-on tests. Downloading the latest version of the Ardor platform is highly helpful: https://www.jelurida.com

      Once a test account is created, you can use the following faucets to get some testnet Ardor and Ignis (thanks to the community member @sergei)
      https://www.ardor.world/en/faucet_ignis/
      https://www.ardor.world/en/faucet_ardor/

      Developers, analysts, software architects and Blockchain enthusiasts are welcome.

      At the end, we will have time for some networking.

      This event is sponsored by Hotel Crisana Arad: http://www.hotelcrisanaarad.ro part of the Gastrotur SRL conglomerate. Thanks for them and for having the vision about how the blockchain tech will improve their companies.

      (Back to the Index)

       

      • Baytown Meetup February 2nd

      Elizabeth Mong, the new ANG director, announced that Baytown, Texas, will host a blockchain Meetup on February 2nd. There will be an introduction to blockchain technology. Be sure to bring your laptop as there will be time to interact with functional blockchains.

      Elizabeth wrote:

      We have another Meetup scheduled for February 2 in Baytown, TX hosted by @cerebralc3

      • 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.

      Source

      (Back to the Index)

       

      • Meetup in Central Pennsylvania

      Elizabeth Mong will personally host this Meetup on February 1st. The presentation will include an introduction to blockchain technology and how it applies to businesses. Bjorn of the Janus team might attend so bonus coverage for Janus and their platform.

      Elizabeth wrote:

      Another Meetup scheduled in Central PA USA hosted by – well, me 🙂 https://www.meetup.com/Blockchain-for-Business-by-Central-PA-Ardor-Nxt-Boosters/events/lsgsdpyxdbcb/

      • 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.

      bjorn_bb
      @Elizabeth I may attend this with a guest, perhaps open up some new interest in Janus tokens as well. And answer any questions if you need help. I calculated it is a 5 hour trip for me. I will speak to Alphonso, one of our team, he is in Philly. See if he can attend as well.

      We can at the very least explain to new users how we use blockchain in business daily from payroll, to sites, and more.

      Here is the developing ANG Calendar to keep track of events and Meetups:
      https://teamup.com/ksv4ccmkufbpbqp86o

      (Back to the Index)

       

      • Hyperledger Meetup Berlin #02

      February 2nd will also see the second Meetup in Berlin. Travin Keith will host a segment.

      Hyperledger

      They wrote:

      Dear Blockchain Enthusiasts, Entrepreneurs and Industry Executives – hope you all had a great start into the new year. We all know 2018 will be exciting for the Blockchain. Cannot wait to see where the journey takes us!

      18:30 Q&A with Travin Keith

      – Travin Keith is a professional involved in multiple projects in the blockchain space. He is the Managing Director of Agavon, a company that provides consulting services to help companies decide whether to use blockchain or DLT services or not, as well as to aid on which solution to use. Agavon is also a member of Hyperledger and Travin is an active contributor and collaborator in the Marketing Committee and its various Working Groups, as well as a co-author of An Introduction to Hyperledger, formerly known as the Hyperledger White Paper.

      He is also a Co-Founder of SICOS, a company looking to improve the best practices in the ICO space for both utility tokens and securities.

      In the past, he was the creator and former director of the Ardor and Nxt Group, though he still maintains an active role in the community through his companies. During his presentation, he will be showing a partial demo of one of his projects that will be highlighting the connection between private chains, such as those using the Hyperledger frameworks, and public chains such as Ardor.

      (Back to the Index)

       

      The AE

      • Janus – Status Update

      Janus is looking into being listed on the AEX exchange. Since they already have support for Ardor and Ignis, it should not be difficult for them to add Janus. You can buy and sell Janus using IGNIS and the BITSWIFT child chain currency on Ardor’s decentralized token exchange. You will also be able to buy and sell Janus and any other asset token (Nxt and Ardor’s ERC20 equivalent) with the EUR pegged AEUR tokens as well as any other child chain token that will be launched on the Ardor Platform in the future. This is the backbone of a new decentralized interconnected blockchain economy, welcome to the Ardor platform!

      One of the Janus community has submitted/is submitting an application to AEX.com for Janus listing @qiwoman can confirm this, her husband is fluent in Chinese. We are hoping since they should have both Ardor and Ignis that it would be an easy add. In the event this actually does occur, it would not be unwise to give them some volume, we have a lot to offer new users, especially this coming year. Volume would definitely help, and C-Cex right now is basically frozen.

      Scrapers

      We are working on some last minute user side improvements for our first media scraper site launching most likely the last week of this month. I mentioned this in the past, but our new media site will be catered towards politics, and include an action based utility token model. It will be very apparent to anyone in blockchain that uses this site.

      The current workload for JNSHash is this:

      1. Get town electrical approval for minimum 400 amps service up to possibly 800 amps (if they agree).
      2. Sign the new lease, paint the cement floors for dust protection, install all the outlets and racks + rigs, get internet connection and switches programmed.
      3. Load balance all rigs/racks/equipment and install cooling fans on opposing sides of the new building.
      4. Bjorn has myself, Tj, a new veteran electrician, and several family members working on this.
      5. Begin mining and keep scaling hashpower up, begin JNSHash and scale this up as well.
      6. If everything comes together this coming week we should be starting payouts by months end, our team is in a frenzy to get this going again.

      Yours in business,
      – The Janus Project Team

      Asset Id on ARDOR platfom: 4348103880042995903

      Source

      (Back to the Index)

       

      DEVELOPMENT

      • Weekly Reminder

      About Ardor Forging Fees

      This week some eagle-eyed Ardor users noticed that there can be a discrepancy between the sum of column fee and the Forged Fees Total. Some blocks reward not only the actual block forger but also the forgers of previous blocks.

      This is done to prevent big stakeholders from predicting when it is their turn to forge and then submit their transactions in order to get back the fee or even offer other users to forge their transactions and pay them back some of the fees.

      Therefore transaction fees are split over several blocks, just like with Nxt blockchain.

      Lior Yaffe:

      For parent chain transactions there are no back fees. For ChildChainBlock transaction each of the last 4 forgers receives 25% of the reward. We don’t want big forgers to predict when it’s their turn to forge and then submit their transactions in order to get back the fee or even offer other users to forge their transactions and pay them back some of the fees. Therefore we split the transaction fee over several blocks. It actually works this way also on NXT for several years.

      (Back to the Index)

       

      • Ardor Lite – Android App on Google Play

      Ardor Lite has been released for main net. This is a basic 3rd party developed lite wallet for the Ardor blockchain with local signing of transactions, so your passphrase is never sent over the web. You can send/receive tokens on any of Ardor’s child chains and perform cross chain exchanges.

      Features:
      • Local signing
      • Contact saving and naming on device
      • View recent transactions and balance on any chain
      • Barcode scanning for passphrase login
      • Custom node to connect to
      • Barcode generating and scanning to send/receive
      • Ability to save passphrase on device protected by your fingerprint
      • New account generation and automatic screenshot saving of the information

      Developer mrv777 wrote:

      Just added mainnet functionality yesterday. Have to fix the qr code today, my app is built with Ionic 3.

      It still is beta since mainnet just launched with finalized code for me to update the app.

      Hoping to release version 1.0 soon though. It just contains the basic functionality that people should need. That was my idea with it.

      Download here

      (Back to the Index)

       

      • Ardor.peerexplorer – A Tool to Explore the Ardor Blockchain

      Ardor users have a nice new tool to explore the Ardor blockchain. The UI is nice and this is a great way to explore who is running an Ardor node across the globe. A great treat for advanced users who are looking for specific IP’s to work with.

      Source

      (Back to the Index)

       

      • Complete Guide to Forging ARDR with a Raspberry Pi Computer

      One of the best things about PoS chains like Nxt and Ardor are how light-weight and easy to run a node is. For those who want to run a node and forge, with a balance over 1000, this tutorial explains how to set up a full node on a simple Raspberry Pi. Knowledge of SSH and LAN are required.

      Ardorer writes:

      The following is a guide to help you set up an Ardor forging server. It is being written to target some of the latest Raspberry Pi single-board computers. The objective is to start with a spare/new Raspberry Pi and set up the forging server from scratch via a “headless” install. This means that you will not need to connect a keyboard & mouse or monitor to the device. But you will need to communicate with it from another computer – this will be called the “primary computer” from now on. This communication will be done via a protocol called Secure Shell or SSH. So both the primary computer and your Raspberry Pi need to be connected to the same Local Area Network (LAN). I.e. they should both be connected via Wi-Fi and/or Ethernet to the same router.

      This guide is heavily inspired by the following guide for setting up a NXT forging server on a Raspberry Pi 2 – https://www.nxter.org/how-to-set-up-a-nxt-node-on-a-raspberry-pi-2/.

      Source

      (Back to the Index)

       

      NXT IN THE MEDIA

      • Lior Yaffe in Medium – Ardor Launch – Update #1

      Ardor was successfully launched over a week ago now. As always with new releases, bugs were identified and fixed. Lior explained why Poloniex trading of ARDR went down and mentioned the dangers of not updating the Ardor client quickly enough.

      Lior wrote:

      Ardor has been in design for over 2 and half years and in development for at least 18 month, this is a long term strategic project for Jelurida which will surely disrupt the existing blockchain industry. We are taking our robust and stable NXT POS technology to the next level by solving the Blockchain Bloat problem and later in our roadmap also various other scalability limitations. This is not a Whitepaper this is a working product!

      As expected with this type of complex blockchain projects, some bugs were identified and fixed, as a result we quickly released version 2.0.10 which is a mandatory upgrade. We urge forgers to upgrade but there is no practical way we can force them in such truly decentralized system.

      Some nodes which did not upgrade on time were left on a fork including, unfortunately, the Poloniex node thus causing issues with deposits and withdrawals. This is unfortunate but it is their responsibility to update their node.

      Source

      (Back to the Index)

       

      • Benzinga – Blockchain As A Service Takes Shape

      This article about the growing world of Blockchain-as-a-Service (BaaS) mentions that Ardor has a good chance of overtaking Ethereum as the go-to BaaS platform. This claim is based on the easy and simplicity that developers and businesses can implement and deploy on the Ardor blockchain, compared to the massive programming language that is Ethereum’s Solidity.

      They wrote:

      One such simplification lies in the bones of the system. Ardor allows development in Java, which means developers don’t need to go through the laboriously long route of learning Ethereum’s Solidity programming language before they can build BaaS apps that interact with various APIs. The fact that the underlying NXT platform has been operational since 2013 also serves to remove skepticism from the minds of interested businesses.

      Another reason Ardor has decent chances of overtaking Ethereum as the go-to blockchain as a service platform is that it uses a parent-child architecture. Existing blockchain networks such as Bitcoin and Ethereum are suffering massive scaling challenges as more people use their networks. The endlessly growing sequence of blockchain blocks make it more data intensive to confirm transactions as the file size continues to grow.

      In the parent-child architecture, all transactions are processed and secured by parent chain forgers. Even though the child chains are tightly integrated into the main chain, they can be pruned off to reduce blockchain bloat without damage to key data stored on the parent chain. Even Ethereum cofounder Vitalik Buterin and founder of the Bitcoin Lightning network Joseph Poon are exploring Plasma, a model that scales blockchain by building child chains on a parent chain in order to “reframe all blockchain computation”.

      Features like child chains and java integration allow for the ability to issue and trade assets on an exchange, run public or private pools, set conditional transactions, setting up multistage security, and sending encrypted messages. Despite the continued volatility in the blockchain space, and all the questions still surrounding where this new framework fits into the current business and economic paradigm, Jelurida and Ardor are already bring the decentralized future into clearer relief.

      Source

      (Back to the Index)

       

      • Stocksgazette – Good Reasons To Keep An Eye On Ardor (ARDR)

      More attention is given to Ardor and how it is the ideal business blockchain if you are a small to medium business. Highlights include the parent/child chain architecture and the following scalability of the Ardor blockchain platform.

      They wrote:

      • It will solve the issue that users have of storing and processing large amounts of data that aren’t important on the blockchain. Ardor can achieve this by separating the tokens used for normal transactions from those allocated to provide blockchain security.
      • Ardor platform has a special parent-child chain architecture. This makes it possible for them to create their products and services utilizing child chains while also relying on the security provided by the parent chain.
      • The platform makes use of the Proof-of-Stake consensus algorithm that removes mining competition. Thus the nodes can use low energy and some economic

      Its Child chain transactions can be eliminated from the blockchain the moment they are confirmed. This helps in keeping the actual blockchain lightweight and very efficient.

      (Back to the Index)

       

      • Steemit – 5 High Growth Potential Altcoins for 2018: Part 1 – Ardor

      Ardor is the first coin mentioned in this series on platforms that the author believes will have big growth potential in 2018.

      @acelad wrote:

      I’m writing a series on 5 coins (in no particular order) that I believe have big growth potential in 2018 and beyond, along with my reasoning. Part 1 is all about Ardor!

      Ardor

      Source

      (Back to the Index)

       

      PRICE EVOLUTION

      • Weekly NXT/ARDR/IGNIS 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:

      The following graphic shows the IGNIS / Bitcoin exchange price at Aex over this past week:

       

      (Back to the Index)

       

      That is all for this week, Nxters. Make sure you stay tuned next week for more coverage of blockchain Meetups, Ardor updates, ongoing projects, and much more. For those who cannot wait a week to learn more, visit our site. We explain in much more detail about Jelurida and all things Nxt / Ardor / Ignis.

      Follow us on Twitter for important breaking updates during the week as they happen. Stay warm and stay informed, dear Nxters. 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 / ARDOR-TK9J-MEKH-MUP9-HFCH2.

      Nxt News – January 2018 (I): Believe You Can And You Are Halfway There

      January (I)

      Welcome again, fellow Nxters! Happy New Year and Happy Ardor Days! The new year is upon us and that means the long-anticipated launch of the Ardor mainnet. Learn about what happened with the Nxt Snapshot, the untimely demise of the Jelurida web wallet, how to access your IGNIS tokens, watch a new episode of Ardor Time and more.

      We welcome back our old readers and warmly welcome our new ones. The cryptosphere is a large, complex, and largely mysterious place for most people and we at Nxter are changing that. We want our readers to become experts in the Nxt / Ardor / Ignis blockchain ecosystem. Lean back and enjoy the important crypto news from last week!

       

      NXT COMMUNITY

      NXT AE

      DEVELOPMENT

      NXT IN THE MEDIA

      PRICE EVOLUTION

      This week’s newsletter is put together by James, Jose, apenzl, and rubenbc.


      NXT COMMUNITY

       

      • Ardor Genesis Block 

      The Ardor blockchain is now live! The Genesis block was successfully born and now Ardor is a fully functioning blockchain. Remember that IGNIS is an Ardor child chain, as such you check your balance of IGNIS on the Ardor client. Many people have worked very hard to make this extraordinary thing happen, congratulations to everyone!

      (Back to the Index)

       

      • Nxt Snapshot Block

      Last week the Nxt Snapshot occurred at block height 1636363.

      The Ignis child chain was spawned with the Ardor genesis block, and you can now download the latest version of the Ardor Platform client, below, and access your account balance. All accounts that held NXT have been credited with IGNIS. Note that assets like Janus and Bitswift have migrated to the Ardor blockchain, they will no longer be listed on the Nxt AE.

      Jelurida announced:

      AFTER THE NXT SNAPSHOT

      The NXT snapshot was taken at block 1636363 and everything worked out as expected.

      THANK YOU ALL for your incredible support!

      Please remember that the trading of the Ardor, Bitswift and Janus assets is not possible anymore on the Nxt blockchain, anyone trying to sell you one of these assets is selling you fake tokens. The trading with Ardor, Bitswift and Janus will be possible on the new Ardor platform only.

      *** AFTER THE NXT SNAPSHOT ***The NXT snapshot was taken at block 1636363 and everything worked out as expected…

      Geplaatst door Nxt Blockchain op donderdag 28 december 2017

      Also, due to the big interest in the airdrop process, nxtforum.org obtained a record of visits.

       

       

      (Back to the Index)

       

      • Android Ardor App

      Android users rejoice! You can now trade and check your balances with the official Android app, released with v2.0.10. This version is a mandatory update, read more here.

       


      (Back to the Index)

       

      • Where is the Jelurida Web Wallet?

      Jelurida announced last week that they had terminated their web wallet service due to constant DDOS attacks and to add more decentralization. For all Nxters who used the web wallet, you now need to download and run the Nxt client locally on your device. We at Nxter feel that Jelurida did not give their investors and community much warning. Nonetheless, there are now two ways to access your Nxt wallet – via running a full node (which we always recommend!) or by selecting the “light client” option during the installation process if you do not want to download the Nxt blockchain (and support the network). Remember to forge if you have a balance of over 1000 NXT or ARDR on their respective blockchains. Forgers are awarded tokens for their time keeping the network safe and secure.

      Jelurida announced:

      The Jelurida web wallet https://nxt.jelurida.com/index.html has been a convenience service.
      It served its purpose while it lasted but unfortunately we had to take it offline since:
      1. It became a lucrative target for hackers and a prime DDOS target
      2. It defeats the purpose of decentralization – aren’t we using a blockchain so that we don’t have to depend on single corporate entity?
      Instead we recommend users to setup their own nodes.

      Source

      (Back to the Index)

       

      • Q&A session about the Snapshot with Lior Yaffe

      An AMA styled Q&A with the community on Slack has been printed below. Lior and other members of Jelurida answer community questions regarding the Nxt Snapshot, the future of Nxt, the purpose of Ardor, and more.

      Source

       

      (Back to the Index)

       

      • Introducing a Gateway Between the EURO and the Ardor Ecosystem

      Jelurida partnered last week with Ardorgate to take another step toward the implementation of blockchain technology for small and medium companies. The fruit of this partnership is the Euro pegged child chain named AEUR. The new AEUR token provides a quick and simple entry point into the crypto world using the Euro. Each AEUR token will always equal exactly 1€ and this is guaranteed and backed by Ardorgate, which has partnered with MISTERTANGO bank (www.mistertango.com) as the payment processor.

      Martynas Bacevicius; Ardorgate founder and blockchain engineer, wrote:

      “The entry point into NXT has always been a problem for our European customers, using the AEUR Ardor child chain we now have a simple solution to convert between the EURO and our tokens. Anybody can be a bundler and earn AEUR. I do not have any control here. Except I’ll start a bundler with 0 fees”.

      “We are excited to work with Ardorgate to deliver the best user experience in the blockchain industry”, says Lior Yaffe Co-founder and Managing Director at Jelurida.

      Source

      (Back to the Index)

       

      • Blockchain Public Sector Use Case on Nxt

      The Austrian government will be using Nxt. The company behind providing digital identity citizenship for Austrian citizens, A-Trust, has created a platform based on Nxt blockchain tech so that local Austrian municipalities can reach out to citizens and publish their announcements via smart digital billboards.

      They wrote:

      A-Trust GmbH starts a Blockchain Project for Austrian City Halls based on Nxt

      A-Trust is the entity responsible for providing the digital identity citizenship on card and mobile smartphone for the Austrian citizens.

      In 2017 creating a powerful and trustful application using blockchain technology seemed to be the perfect complement. A-Trust teamed up with Jelurida and the ANG (Ardor Nxt Group) to initiate an enterprise application based on the Nxt Blockchain technology which will enable Austrian municipalities to publish their announcements on a digital bulletin board created for this purpose.

      At the moment municipalities in Austria publish their information for the citizens as hard copy, send them via newsletter systems and/or put them on websites, created by the municipals themselves. Although a majority of municipals are doing an excellent job regarding the information-flow to the citizens, the municipal information platform, created by A-Trust and based on nxt blockchain technology will help to take the process of citizenship-information to the next level.

      Source

      (Back to the Index)

       

      • Ardor Time Episode 3: Blockchain Public Sector Use Case on Nxt

      The latest video from Ardor Time. This episode explores the growing ecosystem of the Ardor and Nxt platforms. Great for sharing and promoting general awareness of the Ardor and Nxt blockchains.

      Ardor Time continues to explore the growing ecosystem of the Ardor and Nxt platforms.

      Check out the latest news:
      – Third-party exchanges supporting the IGNIS Airdrop
      – New director of the ANG, Elizabeth Mong
      – Co-founder of Jelurida, Lior Yaffe, speaks about Ardor
      – A-Trust – Austrian digital identity citizenship provider
      – Free ebook explains in great detail about Ardor vs. competition.

      (Back to the Index)

       

      • Ardor Days Facebook Live Event

      Have you ever wondered who the other Nxters really are?

      Elizabeth Mong – the new ANG director – has been hosting a series of live interviews with members of the Nxt / Ardor community. Get to know the personalities and the passions behind the people who make our ecosystem what it is. Learn about the core devs from Jelurida, the marketing team, the businesses, the editor of the Nxter Newsletters. Celebrate Ardor Days by watching the interviews and connecting with the passion and the enthusiasm we have for our work. Sure, we provide you with a comprehensive weekly newsletter but have you wondered whether or not we are actually people?

       

      Elizabeth wrote:

      @damelon will be joining me to launch the Ardor Days Facebook Live event tomorrow over the time of the NXT blockchain snapshot. It will be a fun time of reminiscing for old time NXTers and a chance for newcomers to get an insight into the community and development over the past four years. Celebrate with us here:

      Geplaatst door Ardor Nxt Group op zaterdag 23 december 2017

      This one is the interview with James, our editor.

      Conversation with James Godwin

      Geplaatst door Ardor Nxt Group op donderdag 28 december 2017

      (Back to the Index)

       

      • Ardor: Blockchain Token- What is it? Ep. 31

      More coverage of Ardor. This episode released last week explores the similarities and differences between Ardor and Ethereum. An enjoyable video and we thank Blockchain Token for highlighting our great community.

      They wrote:

      This episode of Blockchain Token – Which is it? covers Ardor!
      In this series, we will cover the different types of blockchain platforms and cryptocurrencies on the market right now. We’ll give you a quick description of each blockchain/token, its function, who is their competition and where you can learn more.
      Ardor is one of the projects that is offering blockchain as a service, basically the project connects people willing to build a blockchain with private companies that need them. Ardor is built off of NXT blockchain tech, an alternative to bitcoin and ethereum’s blockchains. See how Ardor differentiates itself with this episode of Blockchain Token – What is it?

      (Back to the Index)

       

      • LD Studio – The Next is Ardor

      Documentary about Lior’s trip to China last year in which he spoke to the great and growing Nxt / Ardor community. This Chinese language video is great coverage of Ardor in the world’s biggest market for cryptocurrencies.

      Documentary about Lior’s China Trip and Introduction to Ardor

      (Back to the Index)

       

      • Buy books on NXTER.ORG and get Reward

      Oh hey, shameless self-promotion time! Buy the SNAPSHOT book from Nxter and receive a nice little bonus! Why not learn about the fascinating history of Nxt, the PoS blockchain, the many use cases, the incredible community, and be rewarded!

      apenzl –

      Oh. Someone found out that we give rewards to people that buy SNAPSHOT on NXTER.ORG.

      (Back to the Index)

       

      NXT AE

      • Janus – Status Update

      Janus tokens can now be traded on Ardor.

      For the interim between the Nxt Snapshot on December 28th and December 31st, Janus assets could not be traded as they migrated from the Nxt blockchain to the new Ardor blockchain launch. The Janus asset ID’s have the same names on Ardor as on the Nxt blockchain.

       

       

      (Back to the Index)

       

      • Bitswift – Status Update

      Bitswift writes:

      We now accept Ignis token and Doge coin on Bitswift.shop.

      Also we have a new bitswift.shop product manager and Bitswift rep on board. Will make formal announcements in coming days.

      Unfortunately, Bittrex did not support the Bitswift Airdrop. Bitswift reached out to Bittrex to see if they could return the Bitswift tokens meant for NXT holders and redistribute them accordingly.

      Bitswiftbro wrote:

      It doesn’t look like Bittrex is going to honor our airdrop. If you had kept your NXT in the Nxt wallet, it would not be an issue. I tried pretty hard to get them to honor our drop but it seems they just did not want to deal with it.

      At least they have not replied to any of my last requests.

      I have also requested that they send our air dropped tokens that were meant for our community back to us so that we can find a way to re-distribute them. I have not received a reply on that either.

       

       

      (Back to the Index)

       

      DEVELOPMENT

      • Ardor Launch – Version 2.0.9

      This is the latest version

      This is the PRODUCTION LAUNCH of Ardor! Download it below to access you IGNIS and ARDR. After installation select “Returning User” and copy in your NXT account address. There is no need for your passphrase as it is the same for your Ardor wallet. Once in the client click on Ardor in the top left and select Ignis from the drop-down menu to see your IGNIS balance.

      Jelurida announced:

      Ardor 2.0.9 is released!

      This is the first production release of the Ardor Blockchain Platform!

      The Ardor Genesis Snapshot has been taken at Nxt blockchain height of 1636363.

      The Genesis timestamp is set to 00:00:00 UTC, Jan 1st 2018.

      Everyone with ARDR balance >= 1000 is invited to setup a node and start forging. Block generation will start automatically when the Genesis timestamp is reached. In the meantime, please check your balances and report any discrepancies from what you expected.

      The first start after installation may take a few minutes, do not interrupt.

      To simplify processing of phased transactions, the getExecutedTransactions API
      now returns the transactions ordered by the height at which they were executed, not at which they were included in the blockchain.

      Download it from https://www.jelurida.com/ (Ardor downloads) or  https://bitbucket.org/Jelurida/ardor/downloads/

       

      Source

      (Back to the Index)

       

      • Ardor Update – Version 2.0.10

      Download it from https://www.jelurida.com/ (Ardor downloads) or https://bitbucket.org/Jelurida/ardor/downloads/

      Changelog:

      – This is a bugfix release, mandatory update for all nodes.

      -Fixed an issue with block pop-off handling, which can result in a node unable to continue downloading the blockchain after encountering an error condition.

      -Fixed processing of alias transfer transactions.

      -Fixed exchange price handling affecting some coin exchange trades.

      -Show correct total coin amounts for each chain.

      -Other minor bugfixes and improvements.

      -This release will perform a database rescan.

      • First Android Ardor Client

      Android Mobile App https://bitbucket.org/Jelurida/ardor/downloads/ardor-client-2.0.10.apk
      SHA256 05104090d274ef53645ab5f3cef6cebfc0f4a305d649beed8d0b2598ce0cb51f

      Source

      (Back to the Index)

      • NRS Update – Version 1.11.12

      New update for the NRS (Nxt Reference Software) client – changelog below! In the last version 1.11.11 the biggest change is the default number of nodes connected to increased from 250 to 2000, this will prevent a network failure such as that occurred a couple weeks back.

      Changelog:

      -Fixed peer disconnections while downloading the blockchain. Upgrade to this release is recommended for all public nodes, to help improve download speeds.

      -Snapshot code bugfixes. Added a checkpoint after the snapshot hardfork.

      • Updated Android client app

      Mobile app link https://bitbucket.org/Jelurida/nxt/downloads/nxt-client-1.11.11.apk
      SHA256 1f33561ae164ffd6f485ea7b82662daf7775935128152ffbd2ae93b9b5e8690f

      Source

      (Back to the Index)

       

      NXT IN THE MEDIA

       

      • Lior Yaffe in Medium – Dealing with Scammers

      Lior Yaffe, co-founder of Jelurida and a core dev, wrote about how he and his team deal with scammers – a persistent issue with blockchain platforms. An enlightening read.

      However some scammers made a huge mistake, considering us to be total fools, they took the NXT they steal and invested it into our own ICO token.

      Source

      (Back to the Index)

       

      • Global Coin Report – Jelurida Releases The Source Code For Ardor (ARDR) With An Upcoming Blockchain Launch In January

      Coverage of the release of Ardor’s source code for Ardor. Also talks about the details of the Ardor main net launch.

       

      “The release of the testnet is an important milestone setting standards for the whole blockchain industry paving the way for mainstream adoption of blockchain technology,” stated Jelurida’s co-founder and managing director, Lior Yaffe.

      Source

      (Back to the Index)

       

      • CoinsMoon – What is Ardor Coin

      CoinsMoon wrote about the Ardor blockchain ecosystem and the significance of the revolutionary child chain architecture behind Ardor. We appreciate the coverage and encourage you to read the article.

      Ardor is a blockchain ecosystem

      As you can read on the website, the Ardor platform is much more than a cryptocurrency. It is a platform that will become the backbone of a powerful ecosystem, including a large number of assets, currencies, and most importantly child chains.

      Source

      (Back to the Index)

       

      • Newsbtc – How Blockchain is Pumping Life into Stale Business Models

      The belief that Ardor will be a huge step forward in enabling small and medium businesses to adopt, deploy, and develop blockchain technology in an easy and scalable way is becoming more prevalent. The more coverage we have of this the better! NewsBTC covered the release of Ardor.

      After 1 year of testing, Ardor will be released on January 1st. This will be a huge step forward in enabling businesses to adopt blockchain technology in an easy, scalable way.

      Source

      (Back to the Index)

       

      • Cryptotrade – Endless Possibilities For Ardor’s Blockchain as a Service Platform

      The possibilities of Ardor as a service platform, especially as a BaaS (Blockchain-as-a-Service) provider are innumerable. Read this Australian coverage of the use cases and applications of Ardor and child chains.

      TL;DR:
      To sum this up, Ardor’s Blockchain-as-a-Service platform is built with interoperability between its child chains. Users from Ardor’s different child chains will be able to transact between each other directly, and their swap transactions are secured by their Parent chain.

      Now is time for me to stop writing, and to let you continue to imagine all the use cases you can, the possibilities are endless. The Ardor blockchain will (hopefully) reshape blockchain and build a harmonised digital world.

      If you are and enterprise or a consortium of enterprises, than start thinking about how you can modify the Ardor building blocks to fit your specific needs, and if you need help, contact me and I will be glad to help or guide you to Ardor’s developers team.

      (Back to the Index)

       

      PRICE EVOLUTION

       

      • 2017’s Biggest Cryptotokens Ranked by Performance

      Source

      (Back to the Index)

       

      • TradingView – Potential long set up on NXT

      Source

      (Back to the Index)

       

      • TradingView – LONG – NXT Buy Opportunity

      Source

      (Back to the Index)

       

      • TradingView – ARDR/BTC/POLONIEX/BITTREX

      ARDR/BTC/POLONIEX/BITTREX BUY : 0.00009 – 0.000115 TARGET 1 : 0.0001 – 0.00011 TARGET 2 : 0.000123 – 0.00013 TARGET 3 : +0.00015 OR +0.00017 STOP LOSS : LESS 0.000087 OR 0.000097 STOP LIMIT BUY : 0.00013 / 0.00014

      Source

      (Back to the Index)

       

      • 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:

       

      (Back to the Index)

       

      That is all for this week, Nxters. Make sure you find the Star Wars references in the newsly as you stay tuned next week for more coverage of the exciting launch of Ardor. More exciting coverage awaits as Jelurida continues to meet milestones and we will continue to cover and analyze the news for you. For those who cannot wait a week to learn more, visit our site. We explain in much more detail about Jelurida and all things Nxt / Ardor / Ignis.

      Follow us on Twitter for important breaking updates during the week as they happen. Stay warm and stay informed, dear Nxters. See you back here next week! Happy New Year!

      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.

      Nxt News – December 2017 (IV): If Opportunity Doesn’t Knock, Build a Door

      December (IV)

      Welcome again, fellow Nxters! Merry Christmas and Happy Holidays to you all! Jelurida’s gift of free IGNIS tokens will occur on December 28th! While you enjoyed the holiday season with your friends and family and pets we have crafted another newsletter that contains all the important information that occurred regarding Nxt / Ardor / Ignis last week. Learn how the Austrian government is using Nxt, seven exchanges announced support for the IGNIS Airdrop, Ardor looks for a US-based team to develop for Ardor, Travin Keith announced he will host a trading webinar and more await you this week!

      We welcome back our old readers and warmly welcome our new ones. The cryptosphere is a large, complex, and largely mysterious place for most people and we at Nxter are changing that. We want our readers to become experts in the Nxt / Ardor / Ignis blockchain community so you can make informed decisions and impress your coworkers at the upcoming holiday parties. Lean back and enjoy the important crypto news from last week!

       

      NXT COMMUNITY

      NXT AE

      DEVELOPMENT

      NXT IN THE MEDIA

      PRICE EVOLUTION

      This week’s newsletter is put together by James, Jose, apenzl, and rubenbc.


      NXT COMMUNITY

       

      • Snapshot Block

      Jelurida announced that the Nxt Snapshot will occur at block height 1636363 on December 28th. Any NXT you want to be counted towards the IGNIS Airdrop must be in a supported wallet by this block height.

      You can check the last forged block (i.e block height) at nxtportal.org or by using your Nxt wallet:

      Snapshot countdown:
      https://nxter.org
      https://www.ardorplatform.org/ardor-timeline/ardor-genesis-snapshot-ignis
      https://www.ardor.world/en/

      (Back to the Index)

       

      • Nxt Getting Started Guide

      The ANG created a nice and simple guide to help you get started with NXT and ARDR!

      (Back to the Index)

       

      • THE FOLLOWING EXCHANGES HAVE ANNOUNCED IGNIS AIRDROP SUPPORT

      The Airdrop will be calculated on December 28th. Nxter recommends using the official local wallet but seven third-party exchanges have announced Snapshot integration support: Bittrex, AEX, Bitcoin Indonesia, HitBTC, Stocks.exchange, Freewallet, and Upbit. Any NXT you have in a wallet on these exchanges will be credited with free IGNIS.

      Bittrex: https://support.bittrex.com/hc/en-us/articles/115003571832-Statement-on-Ignis-IGNIS-airdrop-to-Nxt-NXT-holders

      AEX: https://www.aex.com/page/candy.html

      HitBTC: https://blog.hitbtc.com/statement-on-the-upcoming-btc-hard-forks-and-ignis-airdrop/

      Bitcoin Indonesia: https://blog.bitcoin.co.id/pengumuman-mengenai-airdrop-ignis/

      Freewallet: https://freewallet.org/ Twitter

      Upbit: https://upbit.com/service_center/notice?id=191

      (Back to the Index)

       

      • AEX adds NXT / Bitcny Transactions

      Last week, ANG partner AEX added NXT / BitCNY transaction support to the AEX cryptocurrency exchange.

      (Back to the Index)

       

      • First Blockchain Ardor Meetup by Almonte

      Community member Almonte found a hotel to sponsor the first Ardor Blockchain Meetup. If you are in Romania and want to learn more about the Ardor blockchain stay tuned as we announce more info.

      Almonte wrote:

      Finally I think I found a Hotel to sponsor what it would be my first Blockchain Ardor meetup. Now I am figuring out the way to attract businesses and university students of west Romania, this time I´ll try to show a less technical presentation (Isn´t it annoying that now everybody interest is on “how to invest”?

      If anyone has non-technical slides about Ardor/Nxt to share with me, they are highly appreciated.

      (Back to the Index)

       

      • Austrian Government Uses Nxt Blockchain

      The Austrian government announced that they work with A – Trust to initiate an enterprise blockchain application based on the Nxt Blockchain technology which will enable Austrian municipalities to publish their announcements on a digital bulletin board created for this purpose.

      Source

      (Back to the Index)

       

      • NXTER.ORG – What Good is Ignis, Anyway?

      By now our readers know of Ignis, the first child chain of Ardor. But what is Ignis? Segfaultsteve wrote a piece about its awesomeness. Learn about use cases and some of the permissionless functionality of the revolutionary child chain technology powered by the Ardor Platform.

      What Good is Ignis, Anyway?

      (Back to the Index)

       

      • Press Release LimeSoda, Ardor Nxt Group

      Limesoda has announced a partnership with Jelurida and the ANG. We look forward to providing our readers with detailed updates about this partnership in the coming future.

      They wrote:

      LimeSoda and Jelurida (developers of Nxt/Ardor technology) will also explore together the option of creating an Ardor child chain, that serves as a payment platform for the Magento webshop system. LimeSoda is a Magento solutions specialist and is always looking for opportunities to take their portfolio to the next level.

      Bernd Pfeiffer, Co-Founder of LimeSoda: We were very impressed with the director of the Ardor and Nxt Group, Travin Keith, and are looking forward to developing web-apps for us as a company in the future. Furthermore, we are resources available for when clients will approach us and request blockchain-driven apps.

      Source

      (Back to the Index)

       

      • Jelurida Helpdesk

      Lior Yaffe, core developer for Nxt / Ardor, announced that he is testing a new helpdesk system for Jelurida.

      He wrote:

      Folks, I’m testing a new helpdesk system for Jelurida, if someone would like to open a ticket here I will answer it promptly https://desk.zoho.eu/portal/jelurida/home

      (Back to the Index)

       

      • Nxt (NXT) Added to the Hashers Cryptoportal

      Hashers added Nxt to their cryptoportal. Track and analyze how NXT is doing against the larger crypto world.

      (Back to the Index)

       

      • ICO Alert Podcast #21: Lior Yaffe

      Lior was interviewed by ICO Alert and he talked about Nxt, Ardor, and Ignis. No one is better at explaining these things than the man who worked on designing them.

      They announced:

      On the show today is Lior Yaffe, the Co-Founder & Managing Director of Jelurida, and Developer for blockchain platforms NXT & Ardor. During the show, we’ll discuss the upcoming IGNIS & Ardor launches, what makes Ardor different from other blockchain platforms, what will happen to NXT after Ardor launches, and more. Without further ado, let’s get to it.

       

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      • Chinese Community – News Updates

      Updates for our Chinese audience. Many thanks to lege for being the Nxter conduit to the Chinese community – we warmly embrace everyone in our community!

      User lege
      https://www.toutiao.com/a1587404949973005/
      toutiao.com
      感谢legel及其团队做的一切,谢谢大家支持
      感谢legel及其团队做的一切,谢谢大家支持

      chinese fans celebrate the snapshot and mainnet

      give some gift to our chinese fans

      To thank them for their support

      thanks to travin and jelurida

      Riker and James

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      • Bitcoin in Arabic Talks Nxt / Ardor / Ignis

      Bitcoin in Arabic released a video explaining Nxt, Ardor, and Ignis to the Arabic speaking world.

      https://youtu.be/pewxslV4MRk

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      • NeocashRadio – Interview with Lior Yaffe from Jelurida

      Lior was very busy last week. He also conducted an interview with NeocashRadio. This interview touched on where and how you can obtain NXT ahead of the IGNIS Airdrop.

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      • Travin Keith – Trading Webinar

      Longtime community member, Travin, announced that on February 19th, 2018 he will host a trading webinar aimed at people with little to no knowledge about trading cryptocurrencies. More info to come.

      Travin wrote:

      Will be having a webinar about trading. Mostly for people between beginner and intermediate. Will mention Nxt and Ardor as well as ANG in my intro but focusing on my BitcoinMarkets role since that’s my claim to relevancy in trading. https://www.brighttalk.com/webcast/13689/294503?utm_source=BrightTALK&utm_medium=brighttalk&utm_campaign=294503

      Fun fact: I found out about Nxt through BitcoinMarkets, despite it being against the rules to talk about anything that wasn’t Bitcoin at the time.

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      • Veronica Torras – Moving Forward, And Getting Into The Blockchain

      Successful entrepreneur and new member of the Jelurida team, Veronica, wrote about how she ended up moving on with her life to newer and better things – the Nxt and Ardor ecosystem. An engaging and personal look at her journey from CEO of a startup to a key member of one of the blockchains on the cutting edge of technological development.

      Veronica wrote:

      Why Ardor and Nxt?
      I asked around and, to my surprise, I found experienced people close to me who became my mentors, my wise “Yodas”. One of them introduced me to Nxt and Ardor technology, which I quickly found matched the three “must haves” that I was looking for in my next project: (1) great and solid technology, (2) talented, engaged and passionate people, and (3) a fast growing project in a disruptive sector.

      Source

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      • Happy Holidays

      From all of us at Nxter, Jelurida, and the ANG we say Merry Christmas and Happy Holidays!

      Elizabeth, the director of ANG has a crypto-themed message for you. She wrote:

      Just smile and say thank you if I shake your hand and leave you with a long string of numbers on a folded piece of paper. #givecrypto $ARDR $NXT #cryptocurrency #HappyHolidays

      Kristina, from Jelurida:

      Dear, Nxters! On behalf of the whole team, I wish you very Happy Holidays and a wonderful and successful new year! Thank you for your support!

      All about NXT:

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      NXT AE

      • Janus – Status Update

      Janus continues to assemble more rigs for their mining operation – JNSHash.

       

       

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      • Bitswift – Status Update

      Concurrent with the IGNIS Airdrop is the Bitswift Airdrop as 10% of all SWIFT tokens will be distributed to IGNIS holders on January 1st. Bittrex is a great place to buy your SWIFT tokens after then Ardor launch on January 1st.

       

      Bitswiftbro wrote:

      You can see the largest address in bitswift is dedicated to blanket on top of all ignis holders, which is essentially all nxt holders yes.
      Well actually my bad, the largest is bittrex address
      Development Fund: NXT-3GV8-8347-UD38-FNU2U
      Bittrex Exchange Account: NXT-S42Z-ERET-QLMX-4JR77

      Transparency addresses

      Realizing we have reduced the token supply of Bitswift through recent token burn. This means the amount allocated for Ignis users is actually slightly more than 10% of the total Bitswift supply. 10.45% to be exact.
      NXT-2HKA-GTP2-ZBFL-34B9L <– Ignis air drop allocation transparency address
      Was allocated prior to the token burn.

      Feel free to download and create your own QR code and stick it on. Maybe stick it in someones stocking for Christmas. If you have crypto friends, send them a gift. We will release a new series every year. Next year theme.. 8 Bit retro

      Bitswift Gift Cards Series 1 – Crypto Pioneers

       

       

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      DEVELOPMENT

      • Last Ardor Testnet – Version 2.0.7.e

      There is another mandatory testnet upgrade before the final Ardor mainnet launch.

      Final preparations are being made ahead of the New Year’s launch of Ardor. This was the last upgrade to the testnet. Change log is below.

      Extract from change log:

      This release is a mandatory upgrade for all Ardor testnet nodes. It involves a reset of the existing testnet and starts from a new genesis block.

      The new testnet genesis block is based on a snapshot of the Nxt blockchain at height 1624000. Forging on testnet is set to start at midnight UTC, Dec 22.

      The BTC and USD testnet child chains have been removed, for consistency with the expected production child chains. The EUR child chain has been renamed to AEUR, with 2 decimals. Child chain ids for AEUR and Bitswift have changed to 3 and 4 respectively.

      The child chain transaction types that affect only global platform entities and do not involve pricing or transfer of value are now allowed only on the IGNIS child chain. Such transactions currently are: asset issuance, setting account info, setting account properties, asset share increase, setting asset control, setting account control.

      All fees have been reviewed and updated. Most fees have been decreased significantly, with the default Ardor chain fee set to 1 ARDR, and the default child chain fee to 0.01 ARDR.

      Source

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      • Weekly Reminder – Regarding Network Issues

      Last week many users discovered an error in their logs after experiencing network issues. The issue arose from too few nodes announcing their address via a parameter in the configuration folder. Jelurida is working on a more permanent solution but an immediate fix involves editing the suggested parameters in your NXT/conf folders and increasing the maximum number of connections.

      Jelurida wrote:

      In regards to the network issues that users experience – “No openAPI peers found” message in light client and “Maximum number of inbound connections exceeded” in the log:

      The problem is that in the network there are too little nodes that announce their address via the nxt.myAddress property, and by default these nodes accept too small number of inbound connections (250).

      We are working on a more sustainable solution, but it will require a new release.

      For now I want to ask anyone who is running a public node, to first check if the node is accessible at the address announced with nxt.myAddress (port 7874 unless something else is set in the address), and then increase nxt.maxNumberOfInboundConnections.

      How much to increase nxt.maxNumberOfInboundConnections depends on the hardware capabilities, 1000 should be safe even on weakest hardware. My node run for a day with 4000 inbound connections on VPS with 1GB of RAM. Then it run out of memory, but I also had a tesnet node there.

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      • Job Offer – Looking for a Developer to join a U.S. based Team

      Do you have what it takes to work with the blockchain? Ardor is looking for people who are experienced with the Nxt platform who can apply their expertise to developing for Ardor.

      Details:

      HIRING! Hey everyone! Looking for a developer to join a U.S based team that can develop off of the ardor platform. We are leveraging the ardor platform in accordance with the JPL license. Need someone or a group who are familiar with building on NXT platform and can transition that expertise to ardor. PM me if interested! Happy holidays everyone!
      Any leads would be great too :$

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      NXT IN THE MEDIA

      • Forbes – Are New Platforms Threatening The Hegemony Of Bitcoin And Ethereum?

      Forbes wrote about smart-contract solutions offered by new platforms like Ardor. Ardor’s smart transaction framework makes it very easy for developers to write smart contracts, unlike with Ethereum.

      Smart contract platform Qtum, for instance, boasts a faster consensus algorithm compared to Ethereum while Jelurida-developed Ardor offers scalability and customizability through its child chain technology.

      Source

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      • Zerohedge – When It Comes to Secure Networks, Ethereum Isn’t the Only Game in Town

      Ardor is mentioned as a competitor to Ethereum. The article highlights the versatility and scalability of Ardor as a major selling point for businesses. A very informative read.

      They wrote:

      One such challenger, Jelurida, has created two platforms it hopes will challenge Ethereum’s dominance. While NXT was accused of having too much in the way of deliverables, spreading its focus too thin, the company expects its most recent entrant into the platform game—Ardor will prove to be a silver bullet. Ardor is custom-designed to let developers easily build applications on the blockchain with minor input.

      It also features some creative improvements on Ethereum’s blockchain, including its parent-child chain architecture, which reduces bloat on the main chain and allows for better maintenance of the overall network. Ardor also utilizes Proof-of-Stake, which reduces the strain on each node and eliminates the need for costly mining, as coins are minted.

      Ardor’s use of child chains that stem off from the main chain also adds several layers of security. The main blockchain will prioritize the overall network’s security, remaining lightweight and adaptable to changing loads. Additionally, each child chain will have transactions and data that don’t affect the larger chain, so even localized breaches can easily be quarantined without causing larger issues.

      Finally, NXT and Ardor both offer an improvement on Ethereum’s smart contracts. While ETH contracts are still the norm, there have been several instances where a poorly designed contract wipes out large chunks of the currency. Jelurida’s platforms use smart transactions that are not programmable, enhancing its overall security while providing less room for the error’s that commonly plague Ethereum.

      Custom Crypto

      Cryptocurrencies may be getting the attention, but blockchain has more potential in the long run. Jelurida and its peers have the right idea, creating blockchain solutions tailored specifically for individuals or companies to build on them swiftly and creatively. Much like Ripple created a niche market to focus on the needs of streamlining cross-border transactions, Ardor, NXT, and others can capitalize on the demand for an agile and secure blockchain platform to build applications.

      Source

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      • CIO – The Rise of Blockchain-as-a-Service

      Ardor is mentioned as a BaaS solution. The prunability and, hence, the solution to the blockchain bloat problem is highlighed and touted as a great solution for businesses.

      They wrote:

       Jelurida, the group behind the pioneering proof-of-stake blockchain platform NXT, is now working on Ardor – a new project that is aimed at addressing blockchain’s scalability concerns for business users.

      Jelurida also recognizes the need for businesses to anchor their blockchain efforts to a secure and scalable platform. Ardor improves upon its NXT platform to provide a more scalable and customizable BaaS solution. Central to Ardor is its child chain technology. A business using Ardor could customize its own child chain to keep its data separate from other organizations’ data on the blockchain. Child chains are still validated by all nodes on the network and can be pruned at a scheduled time. This reduces bloat on the main chain.

      Source

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      • Max Keiser – Blockchain Companies Still Need to Overcome Their Fatal Flaw

      What is the fatal flaw of the blockchain? Scalability. The blockchain bloat problem is haunting Ethereum and Bitcoin. These platforms are not scalable as they are weighed down by their, immutable, histories. Ardor has a unique and elegant solution to this problem with their parent/child chain architecture. The prunability of Ardor child chains makes them lightweight, secure and very easy for businesses to deploy.

      They wrote:

      The Long Term Solution for Blockchain Scalability

      Sensing a need for true scalability, the Jelurida group is working on their second platform, Ardor. The platform operates on a BaaS model that uses a parent chain in conjunction with several different child chains.

      The model’s parent chain is purposefully small. Its main objective is to guarantee the security of the entire network, including the child chains. The platform’s additional functions will all run on child chains, allowing the blockchain to streamline processes and scale rapidly. Because the parent chain is built for security and other operations can be executed through child chains, blockchain bloat will decrease dramatically.

      The brilliance of the platform is that it allows companies to create their own projects off of the platform in the form of child chains. They can be pruned without affecting the security of the parent chain while also allowing transactions to be paid in any child token, rather than the parent chain’s token. This gives companies the opportunity to still run as unique, autonomous entities while also enjoying the security of the parent chain. All chains will run smoothly because the architecture of the BaaS platform is designed to solve the bloat issue.

      Additionally, the platform utilizes the Proof-of-Stake (PoS) consensus method as opposed to the costly and energy inefficient Proof-of-Work (PoW) protocol. This is particularly important to startups who want to implement blockchain technology but may have a hard time due to the high costs associated with PoW mining. PoS mining is also the preferable method in places where government regulators could crack down on blockchains’ high energy consumption.

      Those who are new to blockchain technology can rest assured that the implementation curve is very shallow. The platform integrates well with APIs and is built in Java, resulting in an easy-to-use application. In light of these factors, it is quite likely that more companies will begin using BaaS models to improve their business operations.

      More info
      Source

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      • Potential Options for Pierre Rischman

      The Nxt platform is mentioned as an option for the AVISIA Group in France.

      Source

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      • Medium – Parent Child chains Metaphor

      Explanation about the unique architecture of Ardor. Read the article for a clever and easy way for non-technical people to understand the parent/child chain architecture of Ardor.

      They wrote:

      The Parent-ChildChains is a new blockchain architecture developped by Jelurida team in their new brand fresh Blockchain-as-a-Service plateform Ardor.
      For the technical experts reading this article, it’s cristal clear and easy to understand. But for non technical people, it’s not so obvious to understand and to realize its potential and implications. Thus I came out with a small metaphor to help you get the mean idea behind this wired name.

      Source

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      • Investing – Ethereum Might Be A Victim Of Its Own Success, See 4 Alternatives Here

      Ardor is mentioned as a competitor to Ethereum in the enterprise sector, which is very true. Ardor was created to solve specific blockchain problems and is being marketed, successfully, as a great and easy way for businesses to develop and deploy their own blockchain apps.

      They wrote:

      Ardor is another blockchain platform that has the potential to displace Ethereum as the go-to blockchain for the enterprise segment. In fact, businesses that need a Blockchain-as-a-service platform will find undeniable potential in Ardor’s value proposition. Ardor will make it easy for businesses to create their own blockchains using parent-child chains instead of the bloated nodes of some of the popular blockchains.

      Credit: Coinmarketcap.com

      Credit: Coinmarketcap.com

      Using the Nxt technology created by its parent company Jelurida, Ardor’s blockchain simply has a main chain and a practically endless number of child chains. The main chain holds all Ardor token (ARDR) transactions but other features of the blockchain will be inaccessible in order to ensure improved performance and limit the odds of blockchain bloat. The child chains in turn are meant for businesses that want to create their own blockchain complete with tokens, aliasing, data cloud, account control, marketplace, and secure messaging among others.

      Another key factor that gives Ardor’s blockchain an edge over Ethereum is that Ardor uses a Proof-of-stake (PoS) network as opposed to a Proof-of-work (PoW) system that Ethereum uses. The Proof-of-stake system is resistance to potential censorship threat that could cripple the cryptocurrency industry because it doesn’t require heavy mining and the need for a mining factory. Interestingly, Ethereum has started to consider the idea of switching to a Proof-of-stake model; hence, Ardor is on the right path and with a first mover advantage over Ethereum.

      Source

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      • AltClub – NXT price $6+ with 50% Free Ignis

      A terrible and poorly written article that attacks Jelurida, Christianity, and the kitchen sink. We advise against reading the inflammatory content in this article as it will only confuse you do the writer having the grammar and syntactical abilities of a child. We at Nxter are above such petulant attacks but there is value in reading Lior’s responses to the claims.

      User MikeA – Still uploading in parts (long article).

      http://alts-club.com/docs/nxt-price-usd6-with-free-ignis.php

       

      Lior Yaffe responded:

      1. The date chosen for the snapshot is partially based on our past experience that our community members are working class people that actually on the holiday season will have more time follow the snapshot and launch process and perform the necessary testing. From this reason we also release many of our releases on Saturday even though we have nothing against Judaism.

      2. The block height change was necessary since when we announced it in October we didn’t fully realize that exchanges will have to stop trading ARDR between the snapshot block and the Ardor launch. Once we realized this we decided to delay it by few days in order to shorten this time period. So oversight yes, but nothing sinister.

      3. As to market manipulation and insider trading. Jelurida announced upfront that we will sell most of the NXT we raise and this is what we did. Take a look at account NXT-72LE-QYEV-D3LE-AM8G7 where we keep the ICO funds. This is all done transparently for anyone to see.
      It’s really simple, account NXT-Y5Z8-XEQC-3AW2-46CF6 is the account which issued the JLRDA currency and received the NXT collected in the ICO, since this wasn’t a mulitsig account (long story) we constantly sent the collected NXT to account NXT-72LE-QYEV-D3LE-AM8G7 which is a multisig account and from there gradually to the Bittrex hot wallet NXT-97H4-KRWL-A53G-7GVRG – all recorded on the blockchain for anyone to see

      Source

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      PRICE EVOLUTION

      • NXT Moonshot? IGNIS Airdrop Coming Soon

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      • Cryptovest – NXT Launches Like a Rocket After Bittrex Confirms IGNIS Airdrop Support

      NXT just took off with a major pump, following an official announcement from Bittrex, one of the most popular cryptocurrency exchanges, confirming their support for the upcoming IGNIS tokens airdrop.

      articleStartImage

      Source

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      • TradingView – NXT, are you Ready for the real Breakout?

      NXT is going to see another big pump in next 10 days. IGNIS airdrop is coming and it is currently causing a FOMO. Whales are pushing the price down with massive sell walls but once those sell walls are gone we will see the moon. This is not a trading advice and I am not responsible for any losses may occur..

      Source

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      • TradingView – NXT VISION / STRONG FUNDAMENT / 28.12. / AIRDROP /

      HERE IS MY CHART FOR NXT for next week ! We can easily reach previous $BTC ATH -1.69% it’s returning cycle. WITH STRONG FUNDAMENT HOW IS AIRDROP NO PROBLEM

      Source

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      • TradingView – Nxt big pump Coming

      Source

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      • TradingView – NXT-BTC LONG

      Many Reasons. Long-term: Massive C&H on Weekly Time-frame. Extremely Positive news with Ignis Airdrop on 12.28.2017 with free token reward. Short-term: Has broken out of Ichimoku cloud (Setting doubled to prevent false positives) on 1 day, 4 hour, and 1-hour time-frames with Tenkan above Kijun. Extremely Short-term: 1 HR -4.13% – Massive Bull Pennant Consolidating ready to make the next run upwards. I am putting 20% of the portfolio on this trade. Optimal bet size here according to Kelly Criterion. 1st Target is at 68k sats -1.51% for 32% fib line. 2nd Target at 50% fib at 80k sats -1.51%

      Source

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      • TradingView – NXT/BTC long

      Source

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      • TradingView – NXT – Here’s why it’s about to Skyrocket!

      One of the biggest end of the week movers in the cryptocurrency space last week was (NXT), Here’s why it’s about to skyrocket! The justification for its existence is rooted in the deficiencies of what we might deem the first generation of cryptocurrencies – bitcoin -6.56 %, Litecoin etc. While these coins have expanded to become well-established in their own right, they each have drawbacks and – as adoption and mainstream use of these coins increases – the severity of these drawbacks will increase in tandem. The creators of NXT recognized this and set out to create what is essentially a brand-new type of cryptocurrency and, by proxy, one that seeks to resolve the issues associated with first-generation coins. Isolation, NXT uses what’s called a Proof of Stake ( PoS 4.52% ) algorithm to process transactions, as compared to bitcoin’s PoW. PoS 4.52% doesn’t require mining, immediately solving the efficiency issue. PoS 4.52% can also handle a dramatically increased amount of transactions per second, with this increased volume once again based on the fact that mining-based block verification isn’t necessary. The coin is up 25% over the last twenty-four hours and closes to 1,300% over the last four weeks. as bitcoin -6.56% becomes more popular – it’s drawbacks are going to become more apparent. We saw this yesterday with the more than 200,000 transactions stacked up and delayed as participants rushed into take advantage of the gains we were seeing in the market overnight. Final conclusion with Technical, NXT against BTC -6.56% is forming a Bullish flag anticipation of week BTC -6.56% and short-term gains to NXT, Which will Initially mine us our profit with this short term, long looking trade,

      Source

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      • TradingView – NXT Ignis Airdrop

      Twitter Bittrex Yes, we are supporting the IGNIS airdrop. https://t.co/sDB8iD9Bfa https://twitter.com/BittrexExchange/status/943585026372902912 an hour ago Comment: Note: Bittrex will be closing our NXT wallet and stop trading the token to take accurate snapshots of balances. If any NXT deposits you had sent to Bittrex are not settled (i.e. marked as pending) by 6:00 PM PT, on 12/27/2017 (1:00 AM on 12/28/2017 UTC), you may not be credited with IGNIS.

      Source

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      • TradingView – NXT Quick NXT TA

      Possible repeat of last couple waves? Volume increasing..

      Source

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      • Trading View – NXT–>free IGNIS pre-fork final info, Market Overview + Targets

      Source

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      • TradingView – ARDR/BTC

      Source

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      • TradingView – ARDR/BTC Risk/Profit…

      In my opinion it’s not worth it already to buy POLONIEX:ARDRBTC 4.48% Si vis pacem, para bellum.

      Source

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      • 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 ARDR stats from the Nxt Blockchain Asset Exchange:

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      That is all for this week, Nxters. Make sure you find the Star Wars references in the newsly as you stay tuned next week for more coverage of the New Year’s launch of Ardor, the NXT Snapshot, ongoing projects, and much more. For those who cannot wait a week to learn more, visit our site. We explain in much more detail about Jelurida and all things Nxt / Ardor / Ignis

      Follow us on Twitter for important breaking updates during the week as they happen. Stay warm and stay informed, dear Nxters. See you back here next week! Merry Christmas and Happy Holidays!

      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.

      Nxt News – December 2017 (III): The Greatest Teacher, Failure Is

      December (III)

      Welcome again, fellow Nxters! The holiday season is here and the stress of buying presents for your friends and family is upon us all. Luckily, there are some things in life that can distract you and put your mind at ease. First, go see the Star Wars: The Last Jedi – it is really good! Nxt (see what I did there!), we have the news of the week; compiled and analyzed for you. Last week AEX partnered with ANG, a new video in the Ardor Time series was released, show your love of Ardor during Ardor Days, great gift ideas, and detailed “how-to” guides for moving your NXT to the official wallet from third-party exchanges ahead of the IGNIS Airdrop – all this and more in this edition of the newsletter.

      We welcome back our old readers and warmly welcome our new ones. The cryptosphere is a large, complex, and largely mysterious place for most people and we at Nxter are changing that. We want our readers to become experts in the Nxt / Ardor / Ignis blockchain community so you can make informed decisions and impress your coworkers at the upcoming holiday parties. Lean back and enjoy the important crypto news from last week!

       

      NXT COMMUNITY

      NXT AE

      DEVELOPMENT

      NXT IN THE MEDIA

      PRICE EVOLUTION

      This week’s newsletter is put together by James, Jose, apenzl, and rubenbc.


      NXT COMMUNITY

       

      • The Future of NXT

      The imminent launch of Ardor has many concerned that the NXT blockchain will be made obsolete. This is patently untrue. No blockchain is a one-size-fits-all solution. The Nxt platform will be actively supported for years to come thanks to the $15 M raised last quarter in the IGNIS ICO. Ardor does not replace Nxt, it compliments it. The Nxt platform is going strong and will do so for years. The Crypto Woman, the new ANG Director, explains with a new infographic:

       

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      • IGNIS Airdrop – what, where, when

      A new informative article from apenzl summarizes the Airdrop and technology:

      IGNIS Airdrop

       

      • Infogram – Move your NXT from Bittrex

      Nxter recommends the local wallet with official NRS client as the place to move you NXT for the upcoming Snapshot. Third party wallets may need to implement official support for the Nxt Snapshot, and if they do not you will not receive free IGNIS. Users with a Bittrex account: the following infographic informs you how to transfer your NXT to your wallet.

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      • Move your NXT from Poloniex by Ardor Nxt Group

      Likewise, here is an official guide for transferring your NXT from Poloniex to your local wallet. NXT left in a Poloniex wallet will not be eligible to receive IGNIS at the Snapshot on December 28th.

      Elizabeth
      And here is the much requested guide to withdrawal NXT from Poloniex. Feel free to share with hose whom it might help

       

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      • Video Explaining How To Transfer NXT from Bittrex to the Official Wallet

      If you still have your NXT in a Bittrex wallet after the infographic above, congrats. We really, really want everyone to receive their Holiday bonus of free IGNIS. Watch this video for a detailed, and simple explanation of how to transfer your NXT from Bittrex to the official local wallet.

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      • Ardor Time Episode 2 – Child Chain Architecture | Security Meets Scalability

      A new episode of Ardor Time, the new video series from Jelurida that is designed to promote, explain, and demystify the Ardor platform. Last week’s episode explained the unique child chain architecture of Ardor and what that means for scalability purposes.

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      • The Snapshot Book by Nxter added to @st_association Collection

      Last week the Swiss Tech Association added ‘Snapshot’, the comprehensive Nxter source for information on the blockchain and the history of Nxt, to their collection. Plus it makes a great gift! Spread Holiday cheer and help support Nxter.org – link below.

      “SNAPSHOT – Nxt, unsurpassable blockchain solutions” is a collection of articles, which, after a short introduction to the concept of blockchain technology, looks deep into Nxt – the tech and the decentralized community. It was published by Nxter.org for the 3rd anniversary of the Nxt Blockchain”

      Buy it here!

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      • The Ardor Nxt Group Welcomes AEX.com 

      The ANG announced last week that the major Chinese exchange, AEX, has partnered with them. Cooperation between the largest exchange in China and ANG is a powerful force.

      The Ardor and Nxt Group (ANG) is an initiative by community members that enables members of the community to participate in the growth of the Nxt and Ardor Platform ecosystem as well as provide businesses, projects, and organizations in the blockchain ecosystem, a platform to gain wider visibility, as well as promote collaborative activities among its members.

      Source

      A detailed list of ANG membership tiers and their respective benefits:

      Membership

      Business Membership

      The business membership program is a membership program that is free until January 15, 2018, for businesses and projects that are using or are interested in using the technologies developed by Jelurida, namely Nxt and Ardor, as well as those that are involved in the ecosystem, including, but not limited to, service providers, news agencies, such as Nxter Magazine, and community tool providers. However, businesses and projects will be categorized appropriately in order for users and other businesses to have a better experience when searching through members, as well as for members to be exposed better.

      After January 15, 2018, members will either need to pay a yearly fee for the Business Membership or upgrade to the Premium Business Membership. This fee will be determined during the interim period. However, some categories will either remain free or have a nominal charge, and perhaps have a different membership category. These will also be determined during the interim period.

      Premier Membership

      The premium business membership category is targeted to larger businesses and projects that qualify for the Business Membership, though is by no means restricted to them nor is this category the only one available for larger businesses and projects. Additional benefits, such as better positioning on the site, as well as potential special press release, will be available for these members. The fee for this category will be considerably higher than the Business Membership, and may or may not take into account the amount of employees of the business.

      All Corporate Supporters of the Nxt Foundation will automatically become Premier Members and retain this benefit for one year starting January 15, 2018, regardless of their remaining months as a Corporate Supporter. Until the fee for Premier Membership has been announced, no new Corporate Supporters will be accepted at this time.

      General Membership

      The General Membership program will mimic the Supporter+ program, retain all its benefits, including the choice of emails, as well as other new benefits to be announced during the interim period. At the time of this announcement, no new supporters will be accepted into the program until a proper fee has been set. However, all Supporters, with or without the + attribute, will be given this membership for at least one year from January 15, 2018, depending on their initial contribution. They will also be given this status during the interim period.

      Disclaimer

      Membership in ANG does not entitle the Member to an official status within the Nxt Foundation.

      Source

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      • Photos from Tokyo Meetup 2017

      Last month Travin went to Japan to attend a blockchain expo. The link below summarizes his trip. A couple days later, November 13th, he attended a Meetup. The photos of it are below! Shout out to the Japanese members of the Nxt / Ardor community!

      Nxt News – November 2017 (III): Push Yourself Because No One Else Is Going To Do It For You

      http://viva-bitcoin.club/good-source-of-nxt-aldor/

      (Back to the Index)

      • Chinese Community – News Updates

      A new Chinese language article has been published for the Chinese community about Ardor. There is interest in China about Ardor and after the mainnet launch, it appears that many new exchanges will list ARDR. This is great exposure for the community as China is by far the largest market for all things crypto and blockchain.

      lege
      I have contacted some exchanges in china , they are all interested in ardor, when the mainnet launched they will consider to list ardr

      today we post an article

      (Back to the Index)

      • Crypto Woman: Let’s Have Some Fun!

      A great idea to share your love of Ardor is to take a picture of yourself with an Ardor t-shirt on Ardor Days, December 28th – January 1st. Share your love on social media and let’s see how diverse and wonderful a community we have across the globe!

      Elizabeth

      Challenge: get and wear an Ardor tee-shirt, post a selfie and let us know where you are in the world – on Ardor Days, December 28th – January 1. Share to all you social sites

      'HODL Ardor Crypto currency (HArdor)' Women's Fitted Scoop T-Shirt by Royce104
      ‘HODL Ardor Crypto currency (HArdor)’ Women’s Fitted Scoop T-Shirt by Royce104

      (Back to the Index)

      • Ardor Launch Infographic

      Another shout out to the community for creating this awesome graphic. Pass it around to friends and family to answer their questions about the launch of Ardor!

      Veronica wrote:

      Thanks to @joelq who did an amazing job with the content of this infographic together with @kristina and thanks to @Johnny Tran who did an amazing job with the graphic design! Everybody, feel free to download and share it on social media.

      (Back to the Index)

       

      • We passed 5,000 Followers on our Twitter

      Thanks to all our followers on Twitter! We appreciate you following us and recognizing us to be the go-to source for your blockchain news and analysis! Hopefully, we reach 10,000 soon!

      5412 followers @Nxter_org

      251 followers @NXT_Espana

      246 followers @NXT_France

      (Back to the Index)

      NXT AE

      • Janus – Status Update

      Update from Janus about the status of their mining farm – they experienced a setback: They are using too much electricity and they are not at capacity. They have a lead on a building with a 1000 amp line. This connection will allow for future growth and will result in bigger dividends for those who have invested in them.

      Bjorn wrote:

      Thanks everyone for your words in both public and private messages, I’ve just landed and there are some very good things occuring and one thing that was bad but will be remedied.

      As you all know we are in the final stage of adding machines to the mining office. At 200 amps we can safely (usually) use 80% of this amount we hit our maximum. Hours before I left for vacation I had a weird feeling based on some of the wiring that leads to the master electrical box, they felt a bit too warm, we added the final machines but because our staff watching over are still a bit new I unplugged 3 machines that performed least. I figured this could offset my intuition, however, on day 2 our new team member TJ contacted me out of country and said there was no power.

      We went through our entire electrical lines/breakers and there was no issue, the issue was outside… and later discovered an older transformer blew, so while our electrical is brand new the transformer was not and we have been down for ~4.5 days now.

      2 other things happened: I have sought the past month approval for reduced rate, our rate was already very low but they granted it 0.0326 kwh killowatt per hour, this is amazing, however we need to get this transformer replaced! This issue sort of pissed off the town a little, but TJ calmed them down in my absence, and they then offered potentially a new property to better suit our needs. 1000 amps. I am bringing a new investor with me to negotiate with the owner of this facility, 1000 amps would be incredible and this new private investor wishes to help us grow.

      IF this all comes to play it will change the foundational revenue by a large margin. Our developers are finishing some changes we requested to the Scraper site, this is being worked on, so, while we have to suffer some losses during this down time, there sprung some big positives once everything is operational as normal and growing. I will keep you all aware the only roadblock could be the time of year; the holidays in the US make people lazy. I am not lazy but I cannot force municipal elected officials to move faster than they will so I will push but not to the extent they push back, however, it must be fixed ASAP for you, for us, for all. Until then, be safe, and hodl.

       

       

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      • Adel – Status Update

      An update for the Adel community on what happens after the plans to swap ADL to Ethereum. Also, hype for their first project – iFin.

      What’s Next after NXT? ▲ Community Vote Wrap-up
      After the success of Adel’s first community vote, @R0bInI0 looks at questions about the move, and what’s next in Adel’s plans to swap ADL to Ethereum. https://medium.com/@R0bInI0/the-community-vote-of-the-adl-coin-b510f6f67586

      BIG NEWS: iFin Expansion ▲ Adel Ethereum Project
      We’re excited to announce huge news on the first ever Adel project – iFin is getting bigger! The original aim of creating a Crypto loan platform has expanded – iFin.io will now include four additional financial instruments for trading, based on Ethereum smart contracts, using iFin tokens as its native currency:

      • Crypto Swap • Exchange cryptocurrency and swap back in the future at the same rate
      • Crypto Forward • Buy or sell offers, at a set rate, set in the future
      • Crypto Binary • Bet on price movements of various cryptos using an agreed upon exchange rate
      • Crypto Spot • Immediately buy or sell cryptocurrency
      • Crypto Loan • Loan or borrow various cryptocurrencies based on several agreed parameters

      The iFin platform will allow traders to maximize profits and liquidity, with low fees enjoyed in the crypto economy, while enjoying the benefits of a truly decentralized platform.Stay tuned for more major announcements on iFin’s development coming soon.

       

      More info

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      • Bitswift – Status Update

      Continued exposure for Bitswift! Also a link to their newsletter.

      Bitswiftbro:

      December Tech Update, Client Newsletter :

       

       

       

      Bitswiftbro:

      Special thanks to spendabit.co for featuring us: https://spendabit.co/merchants/bitswift.shop

      Bitswiftbro:

      It has got my mind thinking of some really cool things.
      Everyone can be a sales rep if they want.

       

       

      (Back to the Index)

       

      DEVELOPMENT

      • Weekly Reminder 

      What are the most important things in the world? This will vary from person to person but one thing, apart from Star Wars, that should be up there for most important, “guard-it-with-your-life” importance is your Nxt account passphrase! Never, EVER, tell anyone your passphrase. This is your key to your account and all the NXT you have!

      Jelurida has worked tirelessly to secure your account on the Nxt blockchain, but your passphrase is your account! Keep it safe, do not forget it. If you give out your passphrase others will be able to submit transactions from your account – if you forget your passphrase you will not be able to access your account!

      We all need reminders, but this is probably THE MOST important thing regarding the Nxt blockchain! Keep it safe!

      [From https://nxtwiki.org/wiki/How-To:CreateAccount] :

      The most important thing to understand about your Nxt account is that you create your Nxt account using a private key in the form of a passphrase. This passphrase will generate your account address, so your passphrase is your account. Unlike other crypto currencies, there is no wallet file like wallet.dat.

      The account address is needed to view your account, the passphrase is needed to submit transactions.

      If you type in a different passphrase, you will open up a different account. If someone else types in your passphrase, they will access your account and get access to your NXT.

      So be very careful with your passphrase!

      Peter2615
      https://nxtforum.org/index.php?topic=9779.msg191405#msg191405
      >>>12 word passphrases are secure, I have personally audited the code and done the math and they are secure.

      They use the javascript secure random number generator to product the necessary entropy, and selects words from a wordlist of 1626 different words, this gives us 1626^12 possible combinations and an entropy level of Log (1626^12)/log (2) = 128 bits of entropy
      This is an arbitrarily large number, with 38 decimal places, even with one trillion guesses a second, it would take until beyond the heat death of the universe to compute the entire keyspace.

      (Back to the Index)

       

      NXT IN THE MEDIA

      •  CryptoSlate – The Birth of Child Chains

      A nice piece about Nxt, Ardor, and Ignis. A thorough read that is great for the uninitiated into our growing community!

       

       

      Source

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      • Pre-press Release of our Ardor/Nxt/Ignis Gamejam 2018

      Jelurida and ANG will co-host the Ardor/Nxt/Ignis Gamejam 2018 with the Center for Applied Game Studies at Danube University this coming August. The “game-jam” will see participants split into small teams that have 48 hours to create prototypes that act Proofs-of-Concept for gaming applications.

      Alex Pfeiffer announced with Jelurida:

      The goal for this particular “game jam” is to have small teams designing and developing prototypes that act as proof of concepts for the gaming market for 48 hours, resulting in 4-5 running demos. This will serve as the basis for further funding proposals in cooperation with the students, the University, Jelurida and ANG.

      The event will take place between the 24th and the 26th of August 2018. Application forms will be available as from February 2018.

      The Center for Applied Game Studies and Jelurida have already worked together on proposals for funding opportunities. During the MITA (Malta) 2017 game-jam, Jelurida and Alexander Pfeiffer have organized a site competition seeking gaming-related ideas on the Ardor network. As such, organizing such a creative event in Krems (Austria) is a great opportunity for both the University and Jelurida.

      Alexander Pfeiffer, Head of Center for Applied Game Studies at Danube University:

      I am very proud to co-host this event together with Jelurida and the ANG. We like to offer a creative atmosphere at our university for up to 30 students and developers to work on the projects within this “cryto game-jam” and gather some great keynote speakers on board; both for inspiration and as jury-members.

      spielpr.jpg
      (Microsoft Hackaton at Danube University Krems – Paper Prototyping)

      hack8.jpg
      (Microsoft Hackaton at Danube University Krems – Early Stage of Programming)

      PR Hackaton_27112017_SB

      Source

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      • Lior Yaffe in Medium – NXT-based Multi-Currency ICO

      Lior, guru that he is, wrote about how you can use NXT as an ICO token registry while raising funds using multiple cryptocurrencies. This is another great reason the Nxt platform is ideal for hosting ICOs and is further proof that Nxt has a long and healthy life ahead despite the imminent launch of Ardor.

      Lior wrote:

      In my previous article I explained how we used the NXT blockchain as a crowdfunding platform for our IGNIS ICO and how you can reuse our technique for your own crowdfunding campaign.

      However, due to price fluctuations and liquidity issues, ICO issuers will benefit from diversifying their holdings. Therefore, in this article, I’ll explain how you can use NXT as ICO token registry while raising the funds using multiple crypto currencies.

      Disclaimer: users buying the token using NXT will always have some priority when buying the token since other users will have to wait for their other crypto transactions to confirm first before receiving their tokens on the NXT blockchain.

      Here is my proposed procedure:

      Use a similar model to the IGNIS ICO with controllable currency and several price levels enforced by Exchange Offers as described in my previous article. Anyone who is familiar with NXT will be able to buy your token using the NXT wallet. However, users who want to buy using other crypto currencies will follow the process outlined below. I’ll assume BTC for the purpose of this document but this technique can be used for any other currency.

      …..

      Source

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      • Cryptovest – NXT Set to Burst Ahead of IGNIS Airdrop This Month? It’s a Gamble

      The hype around the IGNIS Airdrop has pushed the value of NXT to record highs. Yet it could be a correction for a platform that has long been undervalued from lack of proper exposure. Cryptovest explained:

      For those who don’t know, NXT is a blockchain platform that has been around since 2013, and while it has promising features, it didn’t really take off due to several issues, including the disappearance of its anonymous creator BCNext and lack of funding. Now with Ardor, the development team aims to get things right and build a new platform with the best features from NXT.

      Source

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      • Ardor – ARDR Scalable Blockchain For Businesses, Govt., and Banks

      BitcoinExhangeGuide wrote about Ardor, explaining and highlighting the many strengths and unique features of the platform. A good read.

      ardor
      They wrote:

      Ardor is a major blockchain-as-a-service (BaaS) platform that helps companies to share digital currency with ease. It is actually the next generation after the Nxt platform, which is actually the first product from Jelurida. This is one of the three major BaaS options available right now, but there are many ways that it stands out.

      Source

      (Back to the Index)

       

      • Forex Broker News and Reviews – What are Jelurida, Ardor, and Nxt?

      Forex Broker News reviewed Jelurida and their properties.

      They wrote:

      While ARDOR and NXT are built using the same technology, they operate in fundamentally different ways. Ardor creates and maintains a standard full-length blockchain. The features and the functions of the software are however limited to record keeping and security. On top of Ardor, there are child-chains that maintain pruned blockchains made of only the last 24 hours worth of blocks or less. These child-chains reconcile their transaction balances every once in a while with Ardor parent-chain through bundle contracts. The moment a log of the transaction data has been secured on Ardor, child-chain pruning of older blocks happens.

      Source

      (Back to the Index)

      •  Ardor in the Latest Let’s Talk Bitcoin Episode

      Last week, LTB mentioned Ardor! The LTB Network is a publishing platform created for content providers to present the ideas and people involved with cryptocurrency — through podcasts, articles, and discussion forums.

      thewiremaster
      Thank you @adamblevine for mentioning Ardor in the latest LTB episode!

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      PRICE EVOLUTION

      • Allcoinsnews – Ardor Market Report: ARDR Price Explodes Upwards

      Ardor is among the top movers today seeing explosive upwards price performance in just twenty four hours. Ardor is up 49.90% in 24 hours, up 11.22% on the week and up 57.66% on the month on a last price of 0.00005392 BTC or about $00.94.

      Source

      (Back to the Index)

      • TradingView – NXT vs. Bitcoin Bullish Divergence

      Source

      (Back to the Index)

      • 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 ARDR stats from the Nxt Blockchain Asset Exchange:

      (Back to the Index)

       

      That is all for this week, Nxters. Make sure you find the Star Wars references in the newsly as you stay tuned next week for more coverage of the New Year’s launch of Ardor, the NXT Snapshot, ongoing projects, and much more. For those who cannot wait a week to learn more, visit our site. We explain in much more detail about Jelurida and all things Nxt / Ardor / Ignis

      Follow us on Twitter for important breaking updates during the week as they happen. Stay warm and stay informed, dear Nxters. 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.

      Nxt News – December 2017 (II): Great Works Are Performed Not By Strength But By Perseverance

      December (II)

      Welcome again, fellow Nxters! The Christmas season is in full swing, and that means giving and receiving presents. Like the comfort of an old friend, we present to you the important news from the last week in order to soothe your curious mind. The ANG has a new director, the NXT Snapshot is December 28th, Lior Yaffe has new Medium articles, and much more.

      We welcome back our old readers and warmly welcome our new ones. The cryptosphere is a large, complex, and largely mysterious place for most people and we at Nxter are changing that. We want our readers to become experts in the blockchain community so you can make informed decisions and impress your coworkers at the upcoming Holiday parties. Lean back and learn about the important crypto news from last week!

      NXT COMMUNITY

      NXT AE

      DEVELOPMENT

      NXT IN THE MEDIA

      PRICE EVOLUTION

      This week’s newsletter is put together by James, Jose, apenzl, and rubenbc.


      NXT COMMUNITY

      • Introducing the new ANG Director

      Last week Elizabeth Mong, commonly know as the CryptoWoman, was selected to be the new Director of the Ardor and Nxt Group. We welcome her expertise and her diverse skill set into our blossoming ecosystem. We anticipate great things from her and the strong leadership and vision she will provide for the ANG.

      Travin Keith announced:

      Hello everyone,

      I am happy to announce that though there was only one candidate who qualified after all the interest has been expressed and so there will be no election, it’s none other than Elizabeth, formerly known as qbtc, who will be the new Director of ANG after the Interim Period. For the rest of the Interim Period, she will be actively working towards the growth of ANG and its foundation before January 15th.

      Congratulations Elizabeth!

      qbtc:

      Thank you for the well wishes! I’m humbled by the responsibility to this awesome community of investors and idealists who want to make a profit and make the world a better place through the applications of blockchain technology on the Ardor and Nxt platforms. I’m with you on both fronts and eager to get started.

      Source

      More info

      (Back to the Index)

       

      • Jelurida – Marketing Update

      The marketing team for Jelurida will be working long hours this upcoming Holiday season to provide us with great material that will demystify and explain the complexities behind Ardor ahead of its launch this New Year. An Ardor for Dummies series is upcoming, new email blasts, a new video will be released every two weeks in the Ardor Time series, and regular PR releases are just some of what is in the pipeline for Jelurida.

      Veronica wrote:

      We are working on several announcements and marketing materials. On one side, the Ardor time episodes are going to be launched every 2 weeks. We are working on press releases every week with John, and we are going to plan articles with a new agency to get publications during the second half of Dec and Jan.We are working also in use cases with several companies, and hoping they will be confirmed so we can announce them.

      Right now we have some projects in the pipeline. A-trust is one of them.  This use cases will help a lot to understand applications of the blockchain technology.

      (Back to the Index)

       

      • IGNIS Airdrop Information

      December 28th is the date of the NXT Snapshot. If you want to maximize the amount of IGNIS tokens you receive; be sure to purchase as much NXT as possible by the 28th. The exact block height will be announced soon. A list of supported wallets is below. Remember, these are free IGNIS tokens being given to anyone who has NXT at a rate of 0.5 IGNIS / 1.0 NXT. This is the last chance to obtain IGNIS tokens ahead of the launch of Ardor on January 1st, 2018.

      *Note – the amount of IGNIS tokens every eligible wallet receives will be calculated with the NXT Snapshot on December 28th, but the tokens will not appear in your wallet until the launch of Ardor on January 1st, 2018.

      Jelurida announced:

      The IGNIS Token Sale is over! Jelurida (the company behind Ardor and IGNIS) raised over $15 million! They greatly appreciate and thank you all for your contribution! Your love and support have ensured that Nxt will be supported for at least the next three years.

      The remaining 500M IGNIS tokens will be given away as a FREE airdrop to all NXT holders this coming Christmas. A NXT snapshot will occur in a snapshot to be taken on Dec 28th. Every NXT holder will receive 0.5 IGNIS for every NXT token at the moment of the snapshot.

      This is your last chance to get IGNIS before the Jan 1st launch of Ardor!

      NXT is currently traded on major exchanges such as: BittrexPoloniexShapeShiftChangellyAEX, and many others.

      Check the Ardor timeline for the upcoming milestones.

      For further questions join us in the NXT Slack chat. If you are not yet a member, you can sign up here.

      Source

      (Back to the Index)

       

      • Great Infographic

      One of the best things about being a Nxter is knowing that our community has so much love and talent to bring for the benefit of others. User @joelq created a great infographic to pass around on SM that explains the significance of the NXT Snapshot / IGNIS Airdrop.

      Kristina promoted:

      https://www.jelurida.com/sites/default/files/inline-images/IGNIS_Airdrop.jpg thanks to @joelq we now have a great infographic to share on social media. Everybody, feel free to download and spread around

      (Back to the Index)

       

      • ICO Roadshow – Part 1

      Last week Nxt and Lior Yaffe were featured in the Tel Aviv ICO Roadshow. This monthly Meetup for blockchain enthusiasts was well-attended and is a great way to mingle with other great members for those able to attend future Meetups.

      They wrote:

      The first Monday of every month month is the ICO Roadshow – an event for blockchain enthusiasts – featuring discussions, presentations and lectures on everything regarding blockchain technology, ICO’s and related topics.

      Lior Yaffe is an experienced Java developer and a co-founder of Jelurida. Lior has a B.A. in computer science from the Technion in Haifa, but has been fascinated by computer technology since childhood. He eats and drinks programming and technology and has worked in various companies from startups to large corporations, specializing in software development of enterprise applications.
      He is a true believer in Blockchain technology and its potential to change the world. Jelurida’s latest ICO of IGNIS tokens has successfully raised over $15 million.

      Source

      (Back to the Index)

       

      • The Crypto Lark – Ardor Platform – Blockchain for Business

      A good review and explainer of the Ardor platform by the Crypto Lark. He goes through the Ardor website and slowly explains the significance of Ardor and how it is going to be implemented. An informative yet enjoyable video to lean back and watch.

      (Back to the Index)

       

      • NXT Included in Crypto News Weekly Recap 

      Nice shoutout from the Crypto News Weekly Recap about NXT. Note, the Ardor mainnet launch is January 1st, not this December as is erroneously mentioned in the video.

      (Back to the Index)

       

      • Bittrex Supports Ardor [ARDR]

      Ardor will be supported by the Bittrex exchange when the mainnet launches on January 1st. The announcement is a little confusing because they did not mention any support for IGNIS. We will clarify this once we learn more. This is a necessary step for exchanges as ARDR tokens will be migrated off the Nxt platform onto the Ardor platform at a 1:1 ratio.

      *Note – until we hear otherwise- Bittrex is NOT participating the NXT Snapshot. This means to receive IGNIS tokens in the Airdrop you need to move your NXT to a supported wallet. Instructions from ANG here on how to easily do this.

      Source

       

      (Back to the Index)

       

      • AEX to Support NXT Snapshot

      AEX has officially announced support for the NXT Snapshot, so this means that any NXT you have in you AEX wallet will be eligible to receive the free IGNIS tokens on January 1st.

      fz1128 – AEX announces approval of NXT snapshot, which will help AEX users to receive IGNIS airdrop.

      https://www.aex.com/page/candy.html

      (Back to the Index)

       

      • Panel Discussion at the Blockchain & Cryptocurrency Conference in Tokyo 2017

      Last week we introduced the video of the conference from Travin Keith’s presentation. Very informative and well received. The video is in English with Japanese translation overlaid on top. This week we provide the full Panel Discussion which includes some great answers and feedback from Travin.

      (Back to the Index)

       

      • IGNIS Token Sale Bounty Program

      As we mentioned in a previous newsletter, Jelurida decided to reward the efforts of some of the members of the Nxt community. The most active members of the Nxt platform will be given a nice bounty, a thank you for their continued support and advancement of the Nxt platform over the last four years.

      Kristina, from Jelurida:

      Hello, Nxters! Time to get your IGNIS ICO bounties! Once again, many thanks to all supporters!

      For anyone in the bounty recipients list, to claim your bounty, follow this process:
      Using a known profile in social media send us the NXT deposit account for the bounty (for new accounts also include the public key). For example, email info@jelurida.com, send a direct message to jelurida on ardornxt chat, send message to Jelurida on nxtforum, or contact riker or Kristina.Please use only one channel. The final deadline for submitting your account number is Dec 24th, after that no claims will be accepted. Bounties will be processed after Dec 24th.

      More info

      (Back to the Index)

       

      • Japanese Ardor T-shirt Shop

      A Japanese community member has created an Ardor t-shirt shop. This is good news for the community as you can buy sweet Ardor shirts as a thoughtful present this Holiday season for a blockchain enthusiast friend or family member.

      (Back to the Index)

       

      • Another Business Presentation 

      User Almonte prepared another Ardor business presentation last week. He presented to Mnemo about the best solution for blockchain interoperability – the obvious answer is Ardor! Thanks, Almonte, keep up the great work.

      Almonte:
      Another week, another Ardor focused presentation. Please have a look at the article and feel free to contact me for suggestions.

      Mnemo, a cybersecurity international company with a lot of blockchain technology interest was open to have an interoperability conference. Ardor was detailed explained though there was interest in other technologies. There is an open question at the end of the article: What is your favourite solution for blockchain interoperability and why? I would really appreciate if someone takes the time to answer “Ardor” and explain why it is considered superior. https://www.linkedin.com/pulse/best-cybersecurity-companies-know-what-doing-alberto-fernandez/

      All about NXT:

      (Back to the Index)

      NXT AE

      • Janus – Status Update

      There is some confusion in the Janus community over previous announcements. Last week the Janus team released a detailed memo about the specifics of JNSHash and how the community is to be rewarded for helping. Also an update on getting listed on other exchanges.

      Bjorn wrote:

      Some people expressed concern over the numbers posted. I will try to make this easy to understand but the answer is semi complex. We used 125 daily as a basis. For example, in the last 2 weeks daily income from the asic miners ranged from 120 daily usd to 400. This passive bonus membership coins amount will swing wildly, there is sort of a base income this is the number we posted, but with markets lately being so erratic it changes all the time.

      It’s also important to note that we will be identifying coins that have the potential for a breakout and then passing the JNSHash members % to you all, so for example you as a member choose Dogecoin for payout, you receive this coin as the threshold is met daily/could be every couple days/weekly, then a new project launches, for example Helium, we switch because it has potential to earn more, mine coins, send them to users.

      Then resume the prohashing pool, this will be a diverse cloud mining. It will in time add many investments to each user in JNSHash portfolio, it gives everyone a chance to hit on the next 5x/10x/100x currencies.

      There are options to increase payouts, the one I posted that would essentially quintuple our farms operation through investment is one. Another option is being discussed, but right now we prefer a large expansion. There are 2 main ways to expand JNSHash, one is swift, one is slow

      – Option swift, investment, take the money and build larger farm.

      – Option slow, take our portion of the income from the farm and apply (after lease/electrical cost) to buying equipment over time.

      It’s really black or white on those, fast or slow build. At any rate daily income varies, of that I can assure you, some days and weeks amazing, some not as good. Given the reaction so far, I must say it was not well received. Originally when we purchased the Antminers the roi for all of them was 80,000 USD month. A sane person, can account for a 400% loss of this due to changes in network difficulty. It went much much lower than 400% over a 3 month period. Even the worse case difficulty projections were wrong. When we decided to put a large % of the farm towards Janus holders, this calculation was based on a worse case scenario that 80,000 usd monthy would dip to 15-25k monthly. This was still a giant loss, but it broke all convention, as crypto often does, and sits at 4000 usd monthly. With an electrical cost of ~1100 month to run them all.

      We will evaluate options, our team doesn’t want to disappoint this community.

      https://bitcointalk.org/index.php?topic=2029822.5580

      This thread can show you the worlds reactions to the major loss of ROI, a few pages back is all you need to go to see what I’m talking about, no one, not even the most negative people could have predicted this amount of drop.Again, due to the unpopularity of yesterdays release we are going to have some brainstorming sessions to really identify weaknesses currently with the project as a whole and fix them.

      We will take drastic measures to ensure our team and projects do well if needed, if this means a complete rewrite then so be it.

      Ascendus – Exchanges_update
      In the last few months, I´ve been trying to get Janus listed on several exchanges (old and new), but unsuccessfully or at least without response. As all of you already know we paid 5 BTC to Bittrex to get listed, again unsuccessfully, and we tried also to get a partial refund of that BTC, again nothing. To get listed JNS on cryptopia we need to pay almost 5BTC… sorry guys we can´t afford such amount. IMO NXT assets are stigmatized, don´t ask me why. We truly hope Ardor brings fresh blood to the table so we can list JNS more easily on external exchanges. We’ll do our best to list JNS. Trust me.

      JNSHash signup form

      Meanwhile, for those who want to partake in our mining farm project named, JNSHash, don´t forget to fill the signup form: https://goo.gl/evxVEM
      Thank you all!

      Join the “Janus Token” YouTube Channel

       

       

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      • Adel – Status Update

      The Adel Team officially released the result of their community vote and reiterate that the Adel company is blockchain agnostic.

      They wrote:

      Based on these voting results, the Adel team will proceed to implement the creation of ADL on the Ethereum blockchain as soon as possible and practical. Further details will be announced in the near future, and any questions in the meantime may be directed to the Adel Public Slack.
      The anticipation is that the new AdelEther coins will increase trading volume to
      leverage the popularity of Ethereum, raise the profile of Adel as a blockchain agnostic incubator, and will be traded on a wider number of exchanges (since many do not support Nxt).

      Gdusil:
      – in addition, it’s worth mentioning that we are not “moving away” from Nxt. We have communicated that we are blockchain agnostic since the beginning of creating Adel. But in the early days, until now we were only on Nxt. So there may be this perception that we are moving away from Nxt, but what we are really doing is expanding our presence in the blockchain space. The future ADS token will still reside on the Ardor platform, for example – that is yet another blockchain. The community vote to swap ADL to Ethereum is just exercising this blockchain agnostic nature. In the future, if we add a third blockchain, or a forth, it won’t mean that we are abandoning Nxt and Ethereum. This will highlight the value of additional blockchains into the Adel ecosystem. We actually anticipate that this will be the response of these respective communities. The “Us vs. Them” scenario is very strong in cryptocurrency, and we are one of the first companies to say, “let’s work together in crypto, to raise the profile of blockchain as a brand, so that the entire world benefits.” Adel, in this context, is like the United Nations of blockchain.

      @wolffang has prepared a detailed spreadsheet on our exchange strategy for Ethereum, so we have a great top-view of how to proceed, once we move ADL onto Ethereum.

      Hope this helps.

      https://medium.com/@R0bInI0/the-community-vote-of-the-adl-coin-b510f6f67586

       

      More info

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      • Bitswift – Status Update

      A comprehensive history of Bitswift was released last week. It explains the events around the inception and why they chose the Nxt / Ardor blockchain to host them towards the end. A detailed and interesting read.

      Bitswiftbro wrote:

      Bitswift History:

      The Bitswift blockchain gave birth to its first public block on September 30th 2014. The concept was simple, to create a quicker version of the Bitcoin protocol and eliminate fees. All 4 million Bitswift tokens were initially mined on gpus through an X15 mining process until the network switched to pure proof of stake. Back then Bitswift was a simple proof of stake coin, with 3% staking interest, 30 second blocks, and a small community. All four million tokens were mined and then sent off to Bittrex for the token distribution. A token distribution is similar to an ico in execution, but with no intention of raising any money on behalf of any companies, in fact there were no companies even behind Bitswift at this time. The Bitswift project consisted of a few ideas, and what we can call a coin promotion group.

      The vast majority of the initial members of this group disappeared over time. Few stayed behind and continued to build the project, continuing community development and trying to obtain some interest in the scene to maintain listing on exchanges. Our small group managed to keep the Bitswift blockchain floating, as time went on the network was able to fund its own development as its tokens continuously increased in value. To this day, through proper management, the Bitswift blockchain continues to fund its own development and will do so far into the future.

      The old Bitswift blockchain seemed stable at 30 second blocks, but we knew it was not suitable for us to start building a suite of application on top of, it was clunky and slow, and there were glitches here and there left over from the last coin we forked, Bitswift was becoming a cross chain mutant composed of various sources from other blockchains, things were getting messy. We started doing some research into other blockchain platforms to see how we could migrate Bitswift forward. We looked into Ethereum, Waves, Nxt and various other technologies and tangles. A decision was nearly made to fork Nxt and create our own version of the client migrating all our old tokens into our own version of Nxt. A last minute decision was made to migrate under Ardor as a child chain. The child chain infrastructure seemed to solve all of the problems we were looking at, blokchain bloat, reducing fees, fast confirmations, everything we want it comes with to start building on.

      This leads us to the Bitswift you see today, setting up as an Ardor child chain with a growing community and a proper dev team who cares about the project. The focus no longer on creating a quicker version of the Bitcoin protocol, but on integrating users and business to token ecosystems through the Bitswift blockchain platform.

      Canadian based corporations have been launched in the name of Bitswift to ensure the blockchain and its products can interface and integrate with reality and so that its intellectual property may be protected.

      Celebrate the Bitswift supply decreasing!

       

       

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      • ETMtoken ICO Pre-Sale

      ETM will use Nxt’s blockchain creation kit as a basis to encourage enterprises and organizations to develop their own blockchain applications. Essentially they will be an NXT-based token that derives value from getting others to develop and use the NXT blockchain. We wish them luck.

      Their business model is presented below:

      How to buy? Step by step, you can follow this manual only to open a Nxt account

      More information

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      DEVELOPMENT

      • Weekly Reminder – Where to Buy ARDR?

      With all the buzz generated by the incipient launch of the Ardor mainnet, a commonly asked question is “where can I buy ARDR?”

      Exchanges

      https://nxter.org/ardor-blockchain/#exchange

      Ardor Blockchain

      Wallets

      Many places allow you to buy ARDR, but where to keep them, then?

      1. A local wallet you control
      2. An exchange that supports the Nxt Snapshot (TBA)

      China:

      A Chinese community member, lege, has created a simple website that allows for the easy creation of an NXT wallet, along with directions to buy ARDR, which will be stored in the wallet.

      @lege – so many people ask me why nxt and ardor go to moon ?? how to download nxt wallet. so i make a site for you, please go and download the wallet, and to use , use , use , use ……you will find nxt is so nice than eth

      http://nxt-wallet.legeishere.com:8000/ lege just for chinese people because of gfw……  people not in China , don’t need to use that link, I don’t clear that firstly, sorry for that

       

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      NXT IN THE MEDIA

      • Trade NXT Directly with Rupiah on Bitcoin Indonesia

      Bitcoin Indonesia now supports direct trading with Rupiah using NXT.

      Hello, Bitcoiners!

      Starting in Tuesday, on 5th December 2017 at 3.00 PM (GMT+7), you can trade NXT with Rupiah at www.bitcoin.co.id! Fee for trade NXT with Rupiah is similar to Bitcoin, which is 0.3% for market taker, and 0% for market maker.

      NXT is top 30th altcoin in coinmarketcap.com

      Start trading NXT now! Just log in to www.bitcoin.co.id and enjoy how easy it is to trade cryptocurrency in our exchange!

      Thank you in advance for your cooperation,

      Bitcoin.co.id

      Source

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      • Lior Yaffe in Medium – How to Implement a Fair and Secure ICO

      A technical look into the inner workings of the IGNIS crowdfunding campaign which can be duplicated for your own NXT based ICO for a fraction of the cost of other solutions. Nxt is one of the best solutions on the market for hosting a secure and hassle-free ICO. Lior Yaffe analyzed the effectiveness of the Nxt platform and used his experience with the recent IGNIS ICO.

      Source

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      • Lior Yaffe in Medium – Looking into IOTA’s Latest Announcement

      Lior Yaffe, co-founder of Jelurida, is unimpressed with the IOTA tangle solutions presented to solve the listed problems. His opinion is that Ardor solves these problems better using the revolutionary parent/child architecture is better at securing and encrypting volumes of data.

      Lior wrote:

      Why am I telling you all this? Because the Ardor Blockchain platform which Jelurida is about to launch into production by the beginning of 2018 has much better solutions to these challenges. Our unique parent/child chain architecture will soon enable us to separate different applications into their own chains and remove data from these chains once it is no longer required.

      In addition some of this “Data Marketplace” information will need to be encrypted to protect privacy and then shared securely with 3rd parties. We already have this feature in production since 2015 within our NXT blockchain.

      To summarize, when dealing with large volumes of data, the ability to prune it and not share it with all nodes is very important. Time will tell which protocol provides a better solution IOTA’s tangle or Ardor’s parent/child architecture.

      Source

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      • Medium – Why the Ardor Blockchain is Important to know?

      This Medium article was written about the many solutions solved by the Ardor platform and how this makes it a game changer for businesses. Highlights the scalability and sustainability of Ardor.

      The blockchain space is full of old and new project with huge promises. Nevertheless, a very small part of them succeed to deliver their promises and more importantly provide the world with robust and secure building blocks to reshape our relations online and offline. I truly believe that Ardor has this potential, and I will try to explain why. Hence, through this article I will guide you to understand:

      I- In which conditions Ardor was born?
      II- How much Ardor architecture is beautiful?
      III- What makes Ardor so distinguishable from other projects?

      Source

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      • finder.com.au – How to buy Ardor (ARDR) and Ignis (IGNIS)

      An informative infographic about the distinctions between NXT / ARDR / IGNIS. Includes info on how to buy.

      Source

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      • Steemit – Free IGNIS Coins Airdrop, December 28th, 2017

      More coverage of the upcoming IGNIS Airdrop. Look at that awesome picture!

      The long anticipated IGNIS airdrop snapshot is happening this month. For everyone who wants to get some free IGNIS this is your last chance! NXT is already on the rise. Get in before FOMO starts: https://bittrex.com/Market/Index?MarketName=BTC-NXT

      Find all the info you need in this infographic. If you have any questions, feel free to leave a comment.

      Source

      • InvestIn – Ardor Roadmap and What the Near Future Holds

      Thoughts on the Ardor Roadmap and a nice shout out to Nxter for being a primary source for all things Nxt / Ardor / Ignis. While we do have a partnership with Jelurida, Nxter.org is an independent entity.

      Ardor Roadmap and What the Near Future Holds

      Final Thoughts

      Jelurida B.V. is a results-oriented company. Their first BAAS product, Nxt, has been running commercially since 2013. With Ardor, they are improving on an already solid product that distinguishes itself as a top BAAS choice.

      Now that they are nearing mainnet completion, they have recently announced a marketing strategy overhaul. Nxter Magazine, the startup’s online publication, is an excellent source of updates for both Nxt and Ardor. The company will also be maintaining a regular video channel, Ardor Time.

      Ardor is easily undervalued, but for its already loyal supporters, there are clear wins on the way. With mainnet release, a plethora of new investors is sure to come and – most excitedly – a wealth of industrious child chains on the Ardor network.

      Source

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      • Nxter.org – What is Bitcoin’s Ceiling?

      It is impossible to escape the news that Bitcoin’s value has been rising precipitously recently. While we do not cover Bitcoin, it is worth understanding why the value is so high. Our analysis:

      What is Bitcoin’s Ceiling?

      Source

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      PRICE EVOLUTION

      • TradingView – Updated NXT/USDT Entry Level Reward to Risk 5:1 

      Source

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      • TradingView – NXT Bullish Ascendant Breakthrough

      NXT about to pump again

      Source

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      • TradingView – NXT level up

      Very strong signals from NXT that is rewarded to another level up. very nice setup

      Source

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      • TradingView – NXT New Targets w/ Bitcoin BULL (300%+ Potential -28th Dec. top)

      Source

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      • TradingView – Insane Ascending Triangle on NXT

      Volatility is fucking crazy in this Triangle. We have already seen dozens of failed breakouts here, but its probably just the beginning of the next insane move up!

      Source

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      • TradingView – NXT / USDT Updated Another Bull Flag Entry Point

      Hello again! NXT is turning into the king of December with setup after setup giving us great entry and reentry points. We’re currently in another Bull Flag/Bull Pennant . A break above the top would signal an entry point – A word of caution on this one though. We’re right below the long-term trend line, so I could enter at .695 only to see us bounce off the longterm trendline at .72; however, the overall trend and fundamentals are so bullish on this coin that I’m not overly concerned. If we make it through the trendline: Target 1: previous All time high (I’ll be taking 25% off the table here) Target 2: The length of the flagpole added to the top of the flag (note: the pattern suggest a gain of 80-110% of the flagpole, so I’ll be keeping an eye on this range for reversal or consolidation, either of which will see me taking another 25% off the table). Target 3 is the extension of the Fib, it’s also right below the $1 mark which should be a significant psychological hurdle. Overall, note: I pretty confident at this point that this coin will go over $2 this month, with a reach goal of $5. All of these entries and exits are meant to increase my pile of NXT while protecting my trading bankroll. See my previous ideas on NXT for an explanation of the Ignis airdrop on the 28th or to see how my other trades have worked out.

      Source

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      • TradingView – NXT – Super Bullish chart – My Target 10k in 3 weeks

      $NXT Chart number 3: I am very bullish on this coin since under 2000 level. Reasons are: TA: 1. MACD above signal line – Bullish 2. Trading above Ichimoku cloud – Bullish 3. Convergence line above the baseline – Bullish 4. Gaining huge amount of volume – Bullish FA/NEWS: 1. $IGNIS snapshot scheduled for the end of this month, you would get 0.5 $IGNIS per each $NXT 2. You will get 10% $SWIFT coin if you hold $IGNIS 3. The current price of $IGNIS is $1.10 at hitbtc. Who would not want to jump into this? I have a feeling it can touch 10k or more in next 2-3 weeks. #Do your Own researches before buying.

      Source

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      • TradingView – ARDR/BTC Heating up for Wave 3

      Ardor heating up for wave 3. However, we could see some more correction in the yellow rectangle (especially with BTC 0.09% volatility at the moment). Ardor is one of my favorite projects and has main net launch at 28th of December. https://www.ardorplatform.org/ardor-timeline

      Source

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      • NXT COIN Price Prediction December 2017 in Hindi/Urdu

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      • 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 ARDR stats from the Nxt Blockchain Asset Exchange:

       

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      That is all for this week, Nxters. Make sure you have more of your favorite Holiday beverage as you stay tuned next week for more coverage of the New Year launch of Ardor, the NXT Snapshot, ongoing projects, and much more. For those who cannot wait a week to learn more, visit our site. We explain in much more detail about Jelurida and all things Nxt / Ardor / Ignis

      Follow us on Twitter for important breaking updates during the week as they happen. Stay warm and stay informed, dear Nxters. 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.

      Nxt News – December 2017 (I): Many Of Life’s Failures Are Experienced By People Who Did Not Realize How Close They Were To Success When They Gave Up

      December (I)

      Welcome again, fellow Nxters! Christmas is in the air and that means presents are coming! Jelurida released more info about the IGNIS Airdrop and mentioned the Bitswift Airdrop, Riker had an excellent interview with Tai Zen about the future of Nxt, Internet of Coins will support Nxt among its first seven chains for hybrid, inter-system token exchange, Adel announced the results of their community vote, a new video series for Ardor explains the rich history of Nxt and much more.

      Welcome to the news of the last week, compiled and analyzed for you by us at Nxter. Regardless if crypto or blockchains are a passionate hobby or just a curious fancy – we have the relevant news for you. While the days are getting shorter, that does not mean that the world is slowing down. In fact, ahead of the Ardor mainnet launch at the new year the volume of news seemingly is increasing. Follow us into your happy place as we present to you the important news from last week!

      NXT COMMUNITY

      NXT AE

      DEVELOPMENT

      NXT IN THE MEDIA

      PRICE EVOLUTION

      This week’s newsletter is put together by James, Jose, apenzl, and rubenbc.


      NXT COMMUNITY

      • Ardor Genesis Snapshot – Instructions for Exchanges

      The Ardor Genesis Snapshot is scheduled to occur in the last week of December, around Dec 27 – 30, exact block height to be announced one week in advance.

      On the Nxt blockchain, any transactions with the following assets will be disabled at the snapshot block:

      • ARDR: 12422608354438203866
      • Bitswift: 12034575542068240440
      • Janus: 4348103880042995903
      • JanusXT: 14572747084550678873
      • ComJNSXT: 13363533560620557665

      The user account balances of NXT, the above assets, and the JLRDA currency, as of the block height of the snapshot, will be used to calculate the distribution of IGNIS coin, ARDR coin, BITSWIFT coin, and Janus, JanusXT, ComJNSXT assets on the Ardor platform when it launches on Jan 1st, as follows:

      NXT Blockchain Ardor Blockchain
      1 NXT 0.5 IGNIS coin
      1 ARDR asset 1 ARDR coin
      1 JLRDA currency 1 IGNIS coin
      1 Bitswift asset 1 BITSWIFT coin
      1 Janus asset 1 Janus asset
      1 JanusXT asset 1 JanusXT asset
      1 ComJNSXT asset 1 ComJNSXT asset

      The asset ids (for the above assets only!!!) on the Ardor blockchain will be the same as on the Nxt blockchain. In addition, after the distribution of IGNIS coins has been calculated, each IGNIS holder will receive an airdrop of BITSWIFT coins based on 406136.2 coins (10% of the original Bitswift asset quantity) distributed proportionately to all IGNIS holders.

      For users who keep their balances on a shared exchange account, it is the exchange account which will receive, on the Ardor blockchain, the above holdings airdrop.

      Note that as the mapping between passwords and accounts has not changed from Nxt to Ardor, on the Ardor blockchain, accounts can be accessed with the same password as the corresponding Nxt blockchain accounts, and the NXT- or ARDOR- account prefix is for display purposes only, this prefix is ignored by the API. Exchanges, therefore, will be able to access their accounts on the Ardor platform once it launches, and should be able to re-distribute the holdings airdrops they received to their users.

      To support the Ardor Genesis Snapshot, exchanges should look here

      Source

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      • Ardor Release Timeline

      Jelurida announced small changes to the release timeline. Nothing major, just that the implementation of the snapshot will take 1-2 days, not the listed 5-6. This means that come the week of Christmas, Ardor accounts will be locked from trading for only two days at max instead of the greater part of a week. The exact date will be released by December 18th – Jelurida explains below:

      Riker:
      “We don’t like to lock trading for more than necessary between taking the snapshot and the launch of Ardor. As proven from the testnet release, so we don’t need 5-6 days between Dec 25th and Jan 1st to validate the snapshot. 1-2 days should be enough.”

      Jelurida:
      Folks, we are making a small adjustment to the Ignis airdrop for Nxt holders schedule in order to minimize the time between the snapshot and the release of Ardor. During this time trading of Ardor and other assets will be disabled so we like to make sure, it is as short as possible, mainly for security reasons to avoid users being scammed by fake assets.

      Therefore, at the moment instead of announcing a specific block height we only announce that it will take place in the last week of December.

      The exact block height will be announced by December 18th.
      As always, for all official information please visit https://www.jelurida.com/

      Source

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      • Ardor vs. the Competition – Closing Remarks

      All things must end: Firefly, the Universe, even the “Ardor vs. the Competition” series.

      Over the last few months, segfaultsteve wrote a compelling and highly informative series that explained and contrasted new tokens like Lisk, Stratis, Waves with Ardor. The last part was a comparison between Ethereum and Ardor. We have one last article, appropriately entitled, “Closing Remarks” which mentions the theme of this series: scaling securely. Ardor, in his opinion, stacks up favorably against all the competition and scales incredibly well. Platforms like Ethereum have not demonstrated that they can scale. We are pleased to highlight his work one last time.

      Article available in Spanish

      Download the “Ardor vs the Competition” series and read as a .pdf ebook

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      • Ardor Time Presented by Starla

      A new video series from Jelurida that is designed to promote the new Ardor platform. This introductory video explains the poorly understood early days of Nxt when the platform was truly decentralized and without a visible leader. This ongoing series will highlight the competitive and business advantages of Ardor. Enjoy!

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      • Ardor and Nxt at the Blockchain & Cryptocurrency Conference in Tokyo 2017

      Video of the conference from Travin Keith’s presentation. Very informative and well received. Video is in English with Japanese translation overlaid on top.

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      • AEX Exchange (old BTC38) Prepares for Nxt Snapshot

      AEX, the reborn BTC38, is preparing for the Nxt Snapshot. They seek community help to be ready in time, but this is good news as China is the world’s largest market for crypto and IGNIS being listed on a premier exchange is great ahead of the Ardor launch at the new year. AEX already supports NXT and ARDR.

      fz1128
      Hello, I have a good news:
      The AEX (btc38) management told me that they were preparing the implementation of the NXT snapshot.

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      • Internet of Coins – Alpha Wallet v0.23 Supports NXT

      Internet of Coins desires to create an interconnected cryptosphere whereby a meta-level transfer protocol is implemented; promoting cross-blockchain and inter-system transactions. In short, a hybrid token issued on the Nxt chain will be directly exchangeable with same IoC hybrid token issued on the Bitcoin chain. The seven chains supported will be Bitcoin, Ethereum, NXT, CounterParty, Waves, NEM and Bitshares. Their white paper explains their vision in detail. Over seven million hybrid tokens are available for the IoC fundraiser.

      More information

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      • Cheddur app adds Ardor

      The Cheddur app has added Ardor! This app allows you to link wallets, exchanges, and other services that support Ardor – from one convenient app. They wrote:

      Cheddur_announce:
      We added Ardor to the Cheddur app (https://www.cheddur.com)! This will allow new users to learn about Ardor and join the community. Cheddur allows you to link wallets, exchanges, and other services that support ARDR so that new users can easily get started. You can also review the project and post your ARDR addresses on your profile to receive tips / payments / donations in ARDR from other users.

      Can others from the community please review the profile for quality and help add supported services? The more active the Ardor profile is (via user reviews and addresses), the higher it ranks in search results and the more likely newcomers are to discover the Ardor project!

      Screenshots: https://imgur.com/a/ltS8T

      Source

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      • Riker Interviewed in NXT For Investors #29 – NXT, Ardor & Ignis

      A very informative interview with Lior and Tai Zen. Many people are confused about what the future for Nxt is with Ardor launching. Lior clarifies that no chain is a “one-size-fits-all” solution for any problem. Ardor is designed for business applications with scalability in mind. For those who would rather operate on a robust and mature platform that is over four years old then use the public Nxt PoS blockchain, or you could easily launch and customize your own clone with the Nxt Blockchain Kit. Jelurida is actively supporting both the Nxt and Ardor platforms for years to come.

       

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      • Alex Pfeiffer Explains Ardor

      During a conference in Malta, Alex Pfeiffer did a great job pitching and explaining Ardor to the audience. Highlights included in the pictures below:

      (Back to the Index)

       

      • Community Members in BlockShow Asia

      It is always great when you travel and meet members of your community. During BlockShow Asia many Nxters gathered and took pictures documenting the fun they were having.

      https://twitter.com/onemanatatime/status/936283719278534658

       

      All about NXT:

      (Back to the Index)

      NXT AE

      • Janus – Status Update

      Janus ran into supply difficulties that will ultimately delay the launch of their JNSHash project. Expect an announcement from the Janus team this week to give an exact date when all the rigs will be up and running.

      The wrote:

      bjorn_bb
      Hello everyone just a quick update. We are waiting on the final shipments from Bitmain (roughly 6 more machines) to complete the starting setup for JNSHash they gave us a timeframe of Nov. 22nd – the 30th, and seems they waited until the last moment. We have the power supplies but not yet the final rigs to begin, however the final should be here (aftter customs check) before I take my personal vacation on Dec. 9th During this time frame Luis will be getting everyone’s information/coin choices/and verifying accounts.
      Our new team member will be physcally at the JNSHash farm to prevent any breakdowns or outages while I’m away. It’s good learning for him anyway, trial by fire.

      Luis will be here to facilitate the rest with a bit of luck first payouts will begin shortly after my return around the 17th, this is the current plan, it may be give or take a few days.

      Tomorrow team meeting will occur and we will stress test the Scraper site.
      My hope is that it is very solid, and I have stressed to our developers that because mainstream users will be the most prominent at first to utilize it, the quality must be very high. If it happens to be high quality after careful review, expect that to launch December as well, more on how Luis and I will be adding blockchain features to those scraper sites after the new year.

      Thank you, and enjoy the rest of your week.

      JNSHash 

      Signup form and membership plan:

      Scrapers

      Join the “Janus Token” YouTube Channel

       

       

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      • Adel – Status Update

      The announced vote occurred and it appears that Adel will be migrating their assets to the ERC20 token ADE.

      They maintain that they are committed to the Nxt / Ardor community even though their actions speak otherwise. If the vote was held on the Nxt voting platform the results would be transparent for all to see, nonetheless, they have announced an FAQ later this week that will elaborate and illuminate the plans and motives for this abrupt switch from the mature Nxt chain, and their plan to move the ADL asset to Ardor, to the nebulous and uncommitted, but undeniably more well-known, Ethereum chain.

      New Collaboration Module is here! ▲ Adel Community
      Ready for take off? AdelWiki™ is now ready for member beta testing. Members can submit ideas for incubation, vote on proposals and help develop ideas from other members. The power of the community and their valuable insights allow for bold iterations and the continuing improvement of our processes. Register an account, and become a member today with 64000 ADL: register.adel.io

      More info

       

       

      (Back to the Index)

       

      • Bitswift – Status Update

      The Nxt forum has a nice new page, welcome Bitswift! This page is an excellent way for the Nxt and Ardor community to interact with members of the Bitswift community. They also might need the services of a social media ambassador soon.

      Bitswisftbro wrote:

      Hey everyone, we recently sparked up a thread over on the nxt forum: https://nxtforum.org/bitswift/welcome-to-bitswift/ – if you hang out over there feel free to create some convo. Not much info there yet, but we will try to keep it updated and relevant for the nxt community. We are probably in need of a social media ambassador here shortly.

      Follow the lastest update from bitswift in Medium

      Follow Bitswift on Facebook

      Follow Bitswift on Twitter

      .

      .

       

      (Back to the Index)

       

      • [Service ANN] for NxtAE Holders of SuperNET

      Holders of SuperNET – sell now, or swap your assets to receive a dividend. More info below:

      .

      .

      (Back to the Index)

       

      DEVELOPMENT

      • Alternative Source for Blockchain Download

      The internet is a wonderful place! Never before has it been easier for people to access and utilize the lightweight simplicity of the Nxt / Ardor ecosystem. For anyone who has wanted to download the Nxt or Ardor blockchains fast, we now present the following alternatives for you.

      riker
      Thanks to @vanbreuk efforts we now have an alternative source for Blockchain download:

      NXT Mainnet
      https://f001.backblazeb2.com/file/NxtBlockchain/NXT-nxt_db.zip

      NXT Testnet
      https://f001.backblazeb2.com/file/NxtBlockchain/NXT-nxt_test_db.zip

      Ardor Testnet
      https://f001.backblazeb2.com/file/ArdorBlockchain/Ardor-nxt_test_db.zip

      Please only use it when necessary and not download all at once.
      Feedback is welcomed.

      (Back to the Index)

       

      NXT IN THE MEDIA

      • Lior Yaffe in Medium – Post ICO Solutions

      Jelurida is a company that was founded to be the one stop shop for all blockchain related needs. It appears as if too many nascent ICOs are locked into the Ethereum chain, with its insecurities and other flaws. Lior has posted about one of the underappreciated aspects of the Nxt platform – the excellent foundation that it is for ICOs to be held on.

      Excerpts from the article:

      Many of you ICO entrepreneurs are completely locked in on Ethereum with its insecure and expensive smart contract platform. If this characterizes you, I wish you good luck. All the rest, keep reading…..

      To summarize, Jelurida provides an ecosystem of Blockchain solutions which designate a one stop shop for all your decentralized applications development needs.

      Source

      (Back to the Index)

       

      • Investinblockchain – What is Ardor?

      An article that introduces Ardor as a BaaS solution. A short history of the Nxt and Ardor legacy is included as well as a solid introduction of the unique selling points of Ardor.

      They wrote:

      Ardor is a blockchain-as-a-service ecosystem. Much like Ethereum, the Ardor platform eliminates the need to operate outside of the robust platform, and also – as a Proof of Stake platform – eliminates the need for mining. While Ardor’s open source nature will drive much of its innovation, its parent company offers commercial licensing on this product as well.

      Ardor offers two key chains.

      The Ardor main chain is the processing brain behind all Ardor child chains. It serves to improve performance by relieving blockchain bloat, with each block containing child chain transactions processed in 60 seconds or less. It also functions to distribute the Ardor token (ARDR) from one account to another.

      Ardor child chains are independently-created and owned chains. Child chains offer the option to use the Ardor token, or any other token of the chain owner’s choosing. Thanks to bundling, processing non-essential and secure data take place in the child and main chain, respectively. Child chains have the ability, however, to trade assets with any other child chain on the entire Ardor ecosystem. While the setup is still a manual process at this stage, it’s far easier than creating one’s own blockchain.

      Source

      (Back to the Index)

       

      • Blockchaindailynews – Nxt Foundation Launches ANG Initiative

      ANG will focus on the growing role the Nxt Foundation played in working on and improving the community, both online and offline, and creating a better environment for projects interested in using Nxt and Ardor blockchain technology and those that contribute to the ecosystem. ANG envisions a community where mutual engagement and participation in the Blockchain ecosystem enable users, projects, and businesses to learn from one another and support each other’s goals, through meetup groups, speaker’s corners and education initiatives.

      Travin Keith wrote:

      As the Nxt community approaches its fourth anniversary, it’s important that we create effective structures and onboarding procedures to ensure that community members are able to easily take part in various activities and that businesses are able to stay visible to the community and other projects for possible collaboration. Now that Jelurida B.V. has formally taken on the role of leading Nxt and Ardor technology, ANG can focus exclusively on this role for projects using Jelurida’s pioneering technology or are part of its ecosystem.

      To keep ANG sustainable, membership fees will be charged in a similar way to the [Nxt Foundation] Supporter Program. Basic membership will be free for companies until January 15, 2018, as ANG gains traction and Supporters of the Nxt Foundation, both Individual and Corporate, will automatically get relevant membership for at least one year from January 15, 2018, regardless of when their Supporter status ends.

      About the Ardor and Nxt Group (ANG):

      The Ardor and Nxt Group (ANG) is an initiative by community members that enables members of the community to participate in the growth of the Nxt and Ardor Platform ecosystem as well as provide businesses, projects, and organizations in the blockchain ecosystem, a platform to gain wider visibility, as well as promote collaborative activities among its members.

      Source

      (Back to the Index)

       

      PRICE EVOLUTION

      • TradingView – NXT is now on long-term Up Trend

       

      Target should be at least 250% gain, up to 7200 or even higher considering EMC2 is now 100% over the june all time high.

      Source

      • TradingView – NXT Upcoming Big Pump

      NXT is will probably see a huge pump due to Ignis airdrop that is planned on December 25. You do not have to wait until by then because it already started to affect the price IMO 0.84%. we just have a resistance to break at 2350 sats 0.84% .I am not sure where would target be at exactly but between 4500sats and 5000 seems like a sweet spot to me. This might be a risky trade due to btc’s bull run however if you are willing to take the risk you know what to do…. This is not trading advice and I am not responsible for any losses may occur from following this chart. Happy trading

      Source

       

      • TradingView – Ardor Buy Opportunity NXT 2.0

      There is a lot of hype around NXT at the moment and it’s mainly due to the hardfork and IGNIS airdrop. Ardor is known as NXT 2.0 and I think the same will happen with Ardor in December as there are numerous time line events and the blockchain goes live on the 1st Jan. https://www.ardorplatform.org/ardor-timeline There are still lots of variables at the moment. This is dependent on BTC 8.50% stability and Ardor breaking out of the triangle. Buy under 3.2k Target 4.8k Target 6.1k Target 7.2k Target Moon Stop Loss 2.3k but can be adjusted after breakout.

      Source

       

      • TradingView – Are Alts ready to breakout?

      $NXTBTC broke above its ichimoku cloud . Several other alts are just behind it…$DGBBTC $NEOBTC $XMRBTC $OMGBTC…is this a sign that other breakouts are locked and loaded?

      Source

      • 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 ARDR stats from the Nxt Blockchain Asset Exchange:

       

       

       

      (Back to the Index)

      That is all for this week, Nxters. Make sure you have more of your favorite warm, holiday-themed beverage – Egg nog is ours. Please stay tuned next week for more coverage of the IGNIS airdrop, the Bitswift airdrop,  the New Year launch of Ardor, ongoing projects, and much more. For those who cannot wait a week to learn more, visit our site. We explain in much more detail about Jelurida and all things Nxt / Ardor / Ignis

      Follow us on Twitter for important breaking updates during the week as they happen. Stay warm and stay informed, dear Nxters. 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.

       

      Ardor vs. the Competition, Pt. 8: Ethereum (Blockchain Bloat)

      This post is part of a series that compares Ardor to other blockchain projects with similar features or goals. You can find the previous posts here:

      This article continues the previous installment’s comparison between Ardor and Ethereum. This time, I explore how each platform approaches the problem of blockchain bloat. To my surprise, the two platforms are more similar in this regard than I had initially thought, though there are certainly significant differences, too.

      Key to this comparison is an understanding of how the Ethereum blockchain is organized.

      Ethereum’s Structure

      Like Nxt, Ethereum tracks the current state of all accounts with each new block. And like Bitcoin, Ethereum organizes the information in each block into a Merkle tree (actually, three of them) and stores its root hash in the block’s header.

      How exactly does this work? The diagrams from this article help to illustrate.

       

      The leaf nodes of a Merkle tree (i.e., those at the bottom) represent all of the actual data stored in it. Each node above the leaves stores a cryptographic hash of its two children. (Note that I’m using “node” here to refer to items in the tree, not computers on the network. Each computer on the network stores the entire tree.)

      This design has the property that if even a single leaf node changes by a single byte, the hash of its parent changes as well, along with the hash of its parent’s parent, and so on all the way up to the topmost node, called the “Merkle root.” In a sense, the Merkle root contains a digest of all of the information in the leaf nodes.

      Simply grouping all of the leaf nodes together and hashing them all at once would produce a similar result, but the tree structure has a second nice property, which is that it is possible to prove that a single leaf is in the tree without seeing the entire tree. For example, in this diagram it is possible to prove that the green transaction has been included by supplying its sibling, in yellow, their parent, in gray, and the other siblings and parents along the path back to the root. Another user can compute the relevant hashes at each level in the tree, then compare the resulting Merkle root to the one stored in the blockchain. These “Merkle proofs” are the foundation of Bitcoin’s simplified payment verification (SPV) clients, and also several of Ethereum’s scaling proposals.

      Ethereum uses three separate Merkle trees to record the data in each block: one for the block’s transactions; a second for a set of “receipts” for those transactions, which represent each transaction’s effects; and a third for recording the instantaneous state of all accounts, including their balances and associated data. Storing the entire state of the system with every block sounds tremendously wasteful, but since each block modifies only a very small subset of leaf nodes, most branches of the state tree do not change from block to block, and each new state tree can refer to entire branches of the previous one with minimal overhead. There are a few technical complications with this approach, and for that reason Ethereum actually uses a slightly different data structure called a Merkle-Patricia tree, but the concept is the same.

      Ethereum’s Fast-Sync Nodes

      The most important fact in all of this is that the properties of cryptographic hash functions ensure that it is practically impossible to construct two different trees with the same root. As a result, the record of Merkle roots stored in Ethereum’s block headers is sufficient to establish that the network at the time validated the corresponding transactions and state transitions.

      In other words, even after a node has “forgotten” the contents of old blocks, as long as it keeps the (much smaller) block headers in storage, it can query a full node for a given block’s contents and verify for itself that the full node has not tampered with any data. It does this simply by recomputing the relevant Merkle roots and comparing to the corresponding values in the block’s header. (Note that here and for the remainder of the article, I’ve switched back to using “node” to refer to a peer on the network, not an item in a Merkle tree.)

      This approach is exactly how the Go Ethereum (geth) wallet’s fast-sync option works. To perform a fast-sync, a new node first downloads and verifies all block headers, starting with the genesis block (actually, only every 100th block header must be verified; see the GitHub link for details). Since the headers contain the proof-of-work, this step is sufficient to show that the network came to consensus about the Merkle roots in each header at the time the block was mined.

      At some point in the recent past, say, 1024 blocks ago, the node gets a full version of the state tree from its peers and validates it against the Merkle root in the corresponding header. From that point forward, the node downloads full blocks from peers and replays all transactions until it has reached the most recent block, at which point it simply turns into an ordinary full node.

      Although Go Ethereum does not currently support it, it is also possible for nodes to continuously prune the state tree as time progresses, keeping the amount of state data that must be stored to a minimum.

      Child Chain Pruning on Ardor

      If you have studied Ardor’s parent-chain/child-chain architecture, this strategy hopefully sounds quite familiar. Ardor takes a very similar approach with regards to its child chains.

      Briefly, the Ardor platform consists of a single proof-of-stake parent chain, also called Ardor, and a set of child chains. The parent chain supports only a few transaction types, basically, just those required for transferring ARDR around and for forging with it. The child chains, in turn, handle all of the actual business conducted on the platform using the smart transactions I described in the previous article in this series.

      Only the parent chain’s coin (ARDR) can be used to forge. Transactions involving only the child chains’ coins do not affect the balances of the forging coin, so they are not essential to the security of the blockchain and do not need to be stored permanently. Special “bundler” nodes on each child chain collect these transactions, group them together, hash them, and report the hash to the network using a special transaction type called ChildChainBlock. They include the full transaction data along with each ChildChainBlock transaction, so forgers and other nodes can verify that the child-chain transactions are valid and do indeed produce the reported hash, but the transaction data itself is not stored in the blockchain, and after a specified time passes it can be pruned away. All that remains in the parent blockchain is the hash of this data.

      Optionally, special archival nodes on each child chain can store the full history of that child chain’s transactions. In cases where this history is needed, nodes can retrieve it, hash the original bundles of transactions, and verify that the hashes match the ones recorded on the blockchain.

      Hopefully, the comparison to geth’s fast-sync option is clear at this point: in both cases, nodes do not need to store the vast majority of transaction data to be able to verify that the network approved of those transactions at the time they were made. On Ethereum, it is sufficient to verify the proof-of-work in the block headers and the accuracy of any given Merkle root to be able to trust the corresponding state tree. Ardor is slightly more complicated because it uses proof-of-stake for consensus, but storing the full record of ARDR transactions along with ChildChainBlock transactions ensures that nodes can verify, starting from the genesis block, that each block was forged by an eligible forger.

      Comparing the Two Designs

      At this point, I hope you agree with me that we can draw the following parallels between Ethereum and Ardor:

      • An Ethereum full node is similar to an Ardor node that also stores the full history of every child chain.
      • An Ethereum fast-sync node that continuously prunes the state tree is similar to an ordinary Ardor node, which stores the full parent chain but prunes away all child-chain data.
      • Ardor offers the ability to run a node that stores the entire parent blockchain, plus the archived transaction data for a single child chain. This option currently has no equivalent on Ethereum.

      These analogies are not perfect, of course. Specifically, it is worth noting that Ethereum’s block headers are considerably smaller than full parent chain blocks on Ardor. I’ve also glossed over the mechanism that Ardor uses to track snapshots of the full state of the system and store hashes of those snapshots in the parent chain.

      Still, I think this comparison is helpful. The third item in this list is especially interesting since it seems to be the biggest qualitative difference between the two designs. On Ardor, the ability to store each child chain’s transaction history in a separate set of archival nodes allows for a type of vertical partitioning of the blockchain database. Since each child chain likely supports a different business or project, partitioning the total set of all transactions along the lines defined by child chains seems like a natural choice. On Ethereum, perhaps the best analogy would be a design where a user could run a full node for a single project, like Golem, without having to simultaneously run full nodes for Augur and BAT and hundreds of other projects.

      On that note, it strikes me that Ethereum’s Merkle trees might naturally accommodate such a design, where a “Golem full node” would search the full blockchain for all transactions involving GNT, store Merkle proofs for those transactions and state transitions permanently, and discard the remaining data. I admit I haven’t thought through the implications of this idea, though, so I won’t say much more about it here.

      In any event, neither this hypothetical strategy for Ethereum, nor Ardor’s parent-chain/child-chain architecture, represents true sharding of the blockchain, since in both cases each node still must process all transactions from the whole network. These designs partition the storage, but not the bandwidth or computational power, required to run the blockchain. A proper scaling strategy must address all three bottlenecks.

      Speaking of sharding…

      Sharding

      Ethereum’s long-term vision for on-chain scaling is sharding, a way of partitioning both the storage of data and the processing of transactions. The goal is for most nodes on the network to have to process transactions from only a single shard, freeing them from the burden of validating and storing transactions that affect only other shards.

      I won’t even attempt to survey the Ethereum team’s proposals here, as this article is already getting long, but if you’re interested in this topic I strongly recommend their fantastic sharding FAQ on GitHub.

      The reason I bring up sharding, though, is that Ardor’s developers have suggested that they are exploring ways to push child-chain transaction processing to dedicated subnets of the Ardor network. They have not offered technical details yet, and I’ll refrain from speculating here about how it might work, but to me, the idea certainly seems plausible.

      If the devs can deliver on this idea, then the Ardor platform will look a lot like the “basic design of a sharded blockchain” described in the Ethereum team’s document. That section of the paper describes a set of “collator” (bundler) nodes charged with collecting (bundling) transactions from a single shard (child chain), validating them, and recording their hash in a “collation header” (ChildChainBlock transaction) on the main (parent) blockchain. “Super-full nodes” (current parent-chain nodes) would process all transactions from all shards; “top-level nodes” (future parent-chain nodes) would process only the main chain blocks, but not the full contents of all collations; and “single-shard nodes” (future child-chain nodes) would process all transactions on the main chain and a single shard.

      Almost all of the complications arise from cross-shard communication, and as a result, this design works best when the shards are largely independent. As I mentioned above, Ardor’s child chains might naturally accomplish this kind of partitioning, with each chain supporting a separate project, where interactions between projects are allowed but still less common than transactions within a project.

      Conclusion

      At this early stage, these ideas are quite tentative, of course. But the possibilities are exciting nonetheless. Ardor’s design already incorporates proof-of-stake consensus, a separate goal that the Ethereum team has set for itself, and a reasonable partitioning of the blockchain’s data, which is an obvious requirement for any sharded solution. Notably absent in Ardor are Merkle proofs, or some other compact way for partitions to trustlessly communicate state information to one another, but it does seem like these features could be built into the platform via a hard fork. The snapshot hashes and child-chain block hashes that would become Merkle roots are already present in the protocol, after all.

      But what can we say about the current state of the two projects? Perhaps the most interesting fact I learned in researching and writing this article is that Ethereum actually scales far better than I had originally thought. Go Ethereum’s fast-sync option for full nodes affords some of the same advantages of Ardor’s design, and if it eventually incorporates state-tree pruning the analogy will be even closer.

      On the other hand, the main drawback of Ethereum’s current design is that there must still be full nodes somewhere on the network, and those nodes must store all 300+ GB of the Ethereum blockchain. As it continues to grow, and the cost of running a full node grows along with it, one would expect the proportion of full nodes relative to fast-sync and light nodes to naturally decline. As a consequence, each full node will likely end up handling an increasing volume of requests from other nodes, further increasing the cost (in terms of bandwidth and computational power) of running a full node.

      Even without sharding, Ardor’s design mitigates this potential problem by breaking Ethereum’s monolithic full nodes into sets of archival nodes that each store the current state of only one child chain. It will be possible to store the histories of several child chains simultaneously, if desired, but few nodes, or potentially none at all, will be required to store the full history of the entire system.

      Needless to say, scaling a blockchain is a hard problem. Out of the several projects that I have surveyed for this series, Ardor and Ethereum seem to me to offer the most compelling visions for on-chain scaling. And while I am hopeful that both will succeed, I must admit that, judging solely from the concrete progress that each project has already made towards achieving its vision, Ardor seems to me to have an ever-so-slight head start.


      Try Ardor on testnet

      About the latest Ardor testnet version

       

       

      Ardor vs. the Competition, Pt. 7: Ethereum (Smart Contracts)

      This post is part of a series that compares Ardor to other blockchain projects with similar features or goals. You can find the previous posts here:

      This week I studied Ethereum, which probably needs no introduction.

      For several of the projects I’ve surveyed throughout this series, it has been rather difficult to find detailed, technical information. Ethereum has exactly the opposite problem: there is so much information available that it is difficult to distill it into a reasonable-length article without oversimplifying important ideas.

      For this reason, I have chosen only two aspects of Ethereum to compare to Ardor. This installment compares its smart contracts to Ardor’s smart transactions, and the next article will compare the approaches that the two platforms take to managing blockchain bloat. There are many more topics I would have liked to cover–its plans to move to Proof-of-Stake (Casper), its state-channel strategies (Raiden and Plasma), its partnerships with large companies through the Enterprise Ethereum Alliance, and a sampling of the projects running on it, for example–but discussing even a couple of these topics in satisfactory depth is a daunting enough task. Besides, the two topics I chose offer the most interesting comparisons between the two platforms, in my opinion (but see the Ardor vs. Plasma post, linked above, for some thoughts on Plasma).

      Without further ado, let’s talk about smart contracts.

      Smart Contracts and “Rich Statefulness”

      Ethereum’s design combines elements of Bitcoin and Nxt, and adds several novel features. Like Bitcoin, Ethereum uses a low-level scripting language to encode transactions, and it stores the contents of each block in Merkle trees whose root hashes are recorded in the block headers (more on this in the next article). And like Nxt, it tracks the current state of account balances and other account-specific data directly instead of using Bitcoin’s unspent transaction output (UTXO) model.

      The most important innovations that Ethereum adds to this mixture are twofold: the ability to store scripts (contracts) in so-called “contract accounts,” which transact autonomously instead of being controlled by a user; and the ability to persist data in an account from one transaction to the next. Ethereum’s scripting language is also somewhat more powerful than Bitcoin’s language, allowing contracts to include loops and to invoke other contracts.

      Combining these ideas, it is possible to create stateful “smart contracts,” which are bits of code and data that live in contract accounts and act as autonomous agents, listening for input from users and other contracts and transacting with them according to the rules defined in their contract code. The “stateful” modifier in the previous sentence is crucial: because a smart contract can have its own internal state, it is possible for one transaction to affect how subsequent transactions are processed. This is a significant departure from Bitcoin’s model, where transaction scripts only execute a single time and where the notion of the “state” available to a script is essentially limited to whether a given output is spent or unspent.

      (You might have noticed that I haven’t said anything about Turing completeness. Depending on how pedantic you’re feeling, you could argue either side of the question of whether Ethereum’s scripting language is actually Turing complete. As the speaker in this excellent video explains, though, Turing completeness is a bit of a red herring anyway. Much more important is the fact that smart contracts are stateful and can transact with one another and with users in interesting ways.)

      The potential applications of smart contracts extend far beyond setting conditions on the transfer of money from one account to another. Even the original white paper (which is a great read, by the way) proposed a handful of non-financial uses, including file storage, voting, distributed computing, governance of decentralized organizations, and decentralized marketplaces. Since then, developers have found plenty of other applications, too, such as decentralized messaging. And of course, the most common application of Ethereum so far, seemingly by an overwhelming margin, has been to conduct token sales for various projects.

      Ardor’s “Smart Transactions”

      If that list of applications sounds familiar, it might be because all but one of them have already been implemented in Nxt and Ardor as prepackaged “smart transactions.” Pioneered by Ardor’s predecessor, Nxt, smart transactions are bits of “blockchain 2.0” functionality that the Nxt and Ardor developers have made available as part of the protocol itself. They allow developers to create blockchain applications without having to write and test their own smart contracts.

      In order to enable ordinary users (i.e., non-developers) to take advantage of this functionality, too, the official Nxt and Ardor wallets include a handful of features built from smart transactions. These include:

      • the Asset Exchange, where users can issue assets, trade them, and pay dividends to asset holders;
      • the Monetary System, where users can issue currencies and conduct several different types of crowdfunding campaigns;
      • a messaging system, which allows users to send each other plain-text or encrypted messages;
      • a voting system, which allows users to conduct polls by account, account balance, asset balance, or currency balance;
      • an integrated coin shuffler, which can afford users a degree of privacy by obscuring their transaction histories;
      • a decentralized data store, which can record the hash of a file permanently on the blockchain and, optionally, record the file itself permanently in special archival nodes;
      • a decentralized marketplace, where users can buy and sell goods and services peer-to-peer;
      • a new Coin Exchange (Ardor only), where users can trade child-chain coins directly for one another; and,
      • a number of advanced features, such as phased transactions, which allow users to set constraints on when and how other transactions are executed, and account properties, which can be used to associate arbitrary data with an account.

      These are not the only applications that can be built from smart transactions, of course, but they do illustrate the breadth of what can be achieved with them. All of these features, plus a few more, will be available on Ignis, Ardor’s first child chain. Creators of other child chains will have the option to implement as many of these features as needed to suit their projects.

      I’ve heard several analogies to describe smart transactions, but my favorite is that they are like Legos, while smart contracts are like clay: the former don’t provide the same degree of control over the finer details, but they are quicker and easier to use than the latter, and can still be combined to form some quite impressive final products.

      The analogy isn’t perfect, of course. A strong argument for smart contracts is that it is possible for potentially all of the business logic of a decentralized application (Dapp) to be recorded permanently and immutably on the blockchain, for example, whereas a Dapp built from a combination of smart transactions likely includes some external code. In the latter case, using the Dapp might require some degree of trust in the developer not to change the rules in later versions of it.

      Viewed from another angle, though, this comparison hints at arguably the biggest drawback of smart contracts: the ease with which they allow programmers to make multimillion-dollar mistakes that cannot be corrected.

      Security Considerations

      Just about all software that is even modestly complex contains flaws, and too often these flaws make the software vulnerable to exploitation by an attacker. Smart contract developers face a particularly difficult task because the code they write is immutable, and as a result its vulnerabilities are permanent.

      Unfortunately, catastrophic failures of buggy smart contracts have not been rare. The attack that froze $150 M worth of ether stored in multisig Parity wallets and the $30 M hack of that same wallet several months prior are the most recent examples to grab headlines, but they are not the first and almost certainly not the last. For an overview of some common vulnerabilities and analysis of several real attacks, including the infamous DAO hack, I strongly recommend this excellent paper by three researchers from the University of Cagliari.

      It is worth noting that the Ethereum protocol and the Ethereum Virtual Machine (EVM) were not responsible for any of these attacks. Ethereum’s supporters sometimes point this out, arguing that Ethereum itself is quite secure, and all that is needed is for developers to write better smart contracts. In a literal sense they’re right, of course: in all cases, Ethereum did what it was supposed to do, and ultimately the blame lies with smart contract developers.

      But personally, I wonder whether this assessment is too quick to absolve Ethereum, and whether the problem might run a bit deeper than just a few buggy smart contracts. For now, anyway, it seems to me that Ethereum’s fundamental predicament is that it gives programmers tremendous power, but insufficient tools to use that power safely.

      Developers’ ambitions almost always exceed the level of complexity that they can achieve while keeping their code perfectly bug-free, and there will therefore be a constant temptation to make functionality a higher priority than security (this is nearly universal in software development, by the way). Immortalizing the buggy code that they produce by storing it in the blockchain, Ethereum brutally and mercilessly holds them to account for their sins.

      Thankfully, there are certainly ways to mitigate the risk of writing vulnerable smart contracts. For example, it is possible to design a smart contract that can be updated by having it delegate its responsibilities to a second contract, commonly called a “library contract,” at an address that can be changed to point to a different library contract later.

      This approach allows developers to patch vulnerabilities, but as a consequence, it introduces the thorny question of who is allowed to switch to a new library contract. If it is a single third-party account, then the design reintroduces some degree of trust between that account and users. On the other hand, if the developers take another approach, such as allowing a majority of users to vote in order to approve each new library contract, then there are potentially further problems to solve, such as writing a secure voting mechanism, making sure that users are sufficiently informed and engaged to vote, and preventing an attacker from doing significant damage in the time it takes to organize a vote.

      Another very promising approach towards securing smart contracts is to use techniques of formal verification borrowed from mathematics. I do not know much about formal methods, so please take what I write here with a grain of salt, but I do know that it is easiest (or indeed, feasible at all) with simple programs whose proper functioning can be expressed as a set of short, simple rules. In such cases, it can be possible to prove with certainty that the program contains no bugs. Even straightforward techniques like looping and recursion can complicate the analysis significantly, though, so it is best if the program under test is as simple as possible.

      Why am I droning on and on about all this? Putting these thoughts together, it would seem that the best way to write smart contracts might involve: 1) keeping them as short and as simple as possible; 2) delegating the core business logic to library contracts that can be updated if necessary; and 3) reusing libraries that have been thoroughly vetted, so as to keep the amount of new code to a minimum. If the second of these points requires that users trust the contract’s author to some degree, as is often the case, then contracts designed according to these three guidelines start to look a lot like Ardor’s smart transactions: bits of stable, thoroughly tested code that expose the most commonly needed functionality, which developers can assemble into more complex programs.

      Trade-offs between Security and Flexibility

      I am not suggesting that Ardor’s smart transactions can accomplish all of what Ethereum’s smart contracts can securely accomplish, nor am I even arguing that combinations of smart transactions can always emulate smart contracts. What I am saying, though, is that I think there is a natural tension between the flexibility that a platform offers and the security of the code that developers inevitably write for it.

      In this view, blockchain platforms can be located on a security-flexibility continuum. Near the “security” extreme is Bitcoin, whose scripting language is deliberately quite limited in order to prevent users from locking their coins with vulnerable scripts (though this is still possible, of course). Nxt and Ardor occupy a position somewhere toward the middle of the spectrum, limiting developers to a set of predefined transaction types but including an awful lot of functionality in those types.

      Ethereum’s smart contracts, on the other hand, occupy the entire spectrum. It is possible to write extremely simple, trivially secure scripts on Ethereum, and it is also possible to write more complicated scripts that contain very subtle vulnerabilities. Perhaps just as importantly, it is difficult for users to tell the difference between these cases–and unreasonable, in any event, to expect them to try. Using Ethereum safely necessarily means avoiding the “flexibility” end of the spectrum, even if it comes at the cost of introducing some extra trust between users and developers.

      Finally, it is worth mentioning that Ardor offers a new feature, not previously available in Nxt, that helps it inch towards the “flexibility” end of the continuum: the ability to combine phasing conditions using Boolean AND, OR, and NOT operators to achieve primitive smart-contract-like behavior.

      Briefly, phased transactions allow users to condition an underlying transaction on some event, such as approval by a certain number of specific accounts (m-of-n multisig), a vote by accounts holding a particular asset, the expiration of some amount of time (timelock), or the revelation of a secret (e.g., a hashlock). On Ardor, combinations of these phasing types can encode more complex conditions, such as, “transaction X is valid if a majority of ABC Corp.’s asset holders approve of it by date Y, unless it is vetoed by a supermajority of ABC Corp.’s board members.”

      It will no doubt be possible to combine phasing conditions in ways that allow for unexpected outcomes, possibly including theft or loss of funds. But the advantage over smart contracts in terms of security is still there, I would argue, since developers can focus on making sure the business logic of the transaction is sound, without having to worry about low-level bugs like race conditions. And of course, the drawback of offering less flexibility than a smart contract is still there, too.

      Conclusion

      With a protocol defined by a set of prepackaged smart transactions instead of a low-level scripting language, Ardor will probably never be able to offer developers as wide a range of possibilities as Ethereum does, at least in cases where everything must be done on-chain for minimal trust between parties. On the other hand, writing nontrivial contracts that follow security best practices might well require additional trust between users and developers anyway. And of course, Ethereum users ultimately have to trust the authors of smart contracts not to have made any mistakes and to have duly scrutinized and tested their code in order to make sure of it.

      Naturally, you might say the same thing about any software, including Ardor’s smart transactions, but there is a key difference: there is simply so much more code running on Ethereum. Nxt has been open-source since its inception, providing ample opportunity for peer review, and Ardor’s code, which builds on the Nxt codebase, will be opened soon. Moreover, each new change to the protocol has been vetted thoroughly on a public testnet before being officially released. The same ought to be true of each and every smart contract, but with so much code being written, it seems like there are inevitably more opportunities for bugs to slip through into production.

      In any event, I suspect that the degree to which most successful Dapps will rely on immutable code is still an open question. If access to an immutable database and a handful of simple operations on that data are sufficient for most applications, then Ardor’s smart transactions seem to me to have an obvious advantage over smart contracts. If, in contrast, the notion that “code is law” turns out to be essential to the viability of most Dapps, with each Dapp requiring most of its unique code to be recorded on the blockchain in order to be truly trustless, then Ethereum’s approach is probably superior.

      I expect that there will be real-world applications that suit each platform. But I also wonder whether it will eventually become clear that one of the two approaches best handles a sizable majority of applications. Which approach will ultimately “win” is not at all clear to me, but I suspect that the deciding factor will be users’ judgments of the degree of trust that each case requires. And since the entire appeal of blockchain technology is that it allows users to transact with minimal trust, I’d say that outcome would be quite appropriate.

      Thanks for reading! If you enjoyed this article, be sure to read the next part of the series, which compares the ways that Ardor and Ethereum cope with blockchain bloat.


      Try Ardor on testnet

      About the latest Ardor testnet version

      Ardor vs. the Competition, Pt. 5: Stratis

      This post is part of a series that compares Ardor to other blockchain projects with similar features or goals. You can find the previous posts here:

      This week I studied Stratis, a blockchain-as-a-service platform based on the Bitcoin protocol.

      Stratis

      The goal of the Stratis project is to enable businesses to create their own customizable blockchains, choosing from a set of prepackaged features. Additionally, the Stratis Group, which guides the development of Stratis, will offer consulting services to help businesses find ways to use blockchain technology effectively, and presumably will also help them configure and deploy custom blockchains on the Stratis platform.

      Put this way, Stratis sounds an awful lot like Ardor. But in most of the details–to the extent that details about Stratis are available, anyway–the two platforms are quite different. More on those differences in a bit.

      Currently, the Stratis platform comprises several parts:

      • NBitcoin, a comprehensive Bitcoin implementation in C# inspired by Bitcoin Core;
      • NStratis, a fork of NBitcoin that adds a proof-of-stake mining algorithm and an alternative proof-of-work algorithm;
      • the Stratis Bitcoin Full Node, which can run on either the Bitcoin network or the Stratis network, and which serves as the basis for the rest of the platform;
      • the Breeze Wallet, a simplified payment verification (SPV) wallet for both Bitcoin and Stratis that implements TumbleBit to make transactions private; and,
      • the Stratis Identity module, which allows third parties to attest to the identity of the person controlling a Stratis account.

      Note that most of these components are currently in alpha.

      Particularly noteworthy in this list is the integration of TumbleBit into the Breeze Wallet. The TumbleBit paper is rather dense; if you’re interested in the details, I recommend instead this excellent presentation by two of the authors. In a nutshell, TumbleBit uses one-way payment channels to transfer funds from a set of payers to an intermediary called the Tumbler, and from the Tumbler to a set of payees, without any of the parties having to trust one another. The key innovation over other payment channel implementations is that TumbleBit uses blind RSA signatures in a clever way to prevent the Tumbler from knowing which incoming transaction maps to a given outgoing transaction. If many accounts are transacting through the Tumbler, then it is impossible to trace the funds in an output account back to the input account that sent them. Not even the Tumbler can link the two accounts.

      Stratis’s Breeze Wallet provides TumbleBit functionality for both Bitcoin and Stratis, making it useful to a much larger audience than would be the case if it worked only on the Stratis network. Moreover, since the TumbleBit protocol uses off-blockchain payment channels, it is possible to make many payments through the Tumbler in approximately the same amount of time as it takes to make a single payment.

      The Stratis Identity module is still at the proof-of-concept stage, but it is functional nevertheless. Users can log into their Microsoft, Google, or LinkedIn accounts using the Stratis Identity mobile app, and these services will notify Stratis of the successful login. A special account owned by Stratis then records an attestation to the successful login by hashing the corresponding personally identifiable information (e.g., name and email address) and storing it on the Stratis blockchain.

      An attestation by Google that a person owns a particular Gmail account is perhaps not the most useful identity service, but it is easy to see how the same mechanism could be used to prove ownership of some piece of information that is much more difficult to verify. For example, a government agent might attest that somebody presented a valid photo ID, together with a name and address. If a user can provide the name and address that match the hash on the blockchain, that would probably convince a service provider that the user also owned the corroborating photo ID, since the government agent attested to all three pieces of information together.

      TumbleBit integration in the Breeze Wallet and the Stratis Identity module are two examples of the kinds of features that Stratis intends to offer on their platform. I’m not completely sure I’ve grasped the overall architecture of Stratis, but from what I can understand, the idea is for the Stratis blockchain to delegate the backend processing for each new feature, such as TumbleBit and Stratis Identity, to a dedicated set of masternodes. For example, the upcoming Breeze Node–not to be confused with the Breeze Wallet, which uses SPV instead of requiring a full node–will be a masternode that serves as a Tumbler. Similarly, there are plans to build masternodes that process Stratis Identity transactions, though I don’t really know what that means and can’t find any details.

      Finally, it is worth mentioning that the Stratis team has planned several other features, most notably a way to deploy sidechains anchored to the Stratis chain. My understanding is that this will be the main mechanism that Stratis uses to provide customizable, private blockchains to clients.

      Unfortunately, I haven’t been able to find any details about how sidechains on Stratis will work. The Stratis white paper refers to Blockstream’s sidechain paper, but that is the only hint I have found so far about Stratis’s design. In particular, it is not so easy to securely and trustlessly transfer value between two blockchains without having at least some of the miners on each chain validate all transactions on both chains. The details, including how the sidechain protocol handles forks and reorginzations, are crucial in order to evaluate how secure the mechanism is.

      Even supposing that transfers between the Stratis chain and sidechains are secure, there is also the matter of the security of the sidechains themselves. The Stratis white paper says in several places that the Stratis chain will somehow provide security for its sidechains, but it doesn’t explain how that will work. Typically, sidechains are completely independent and must secure themselves.

      Compared to Ardor

      With Ardor, on the other hand, the parent chain does provide security for each child chain.

      In fact, this is one of the most important differences between Ardor’s parent-chain/child-chain architecture and typical sidechain implementations. Unfortunately, without more technical details from the Stratis team, it is impossible to do a proper comparison between their design and Ardor’s approach.

      One comparison that we can do is between Stratis’s TumbleBit feature and Ardor’s Coin Shuffling feature. (Note that Coin Shuffling will not be available on the Ardor chain itself, but it will be available on Ignis, the first child chain, and other child chains can also choose to support it.) This feature is Nxt’s implementation of the CoinShuffle algorithm, which allows a group of users to trustlessly agree to transfer a fixed quantity of coins from their (input) accounts to a set of output accounts, one per input, without any user being able to know which of the other users controls each of the other output accounts. The algorithm is not very complicated, and section 4.2 of the CoinShuffle paper gives a good overview of how it works.

      I don’t claim to be an expert on either algorithm, but the TumbleBit approach seems to me to have a couple of advantages over CoinShuffle. Because it uses off-blockchain payment channels, it is potentially capable of scaling to a high transaction rate in addition to adding a measure of privacy to payments, addressing two problems at once. Also, if the goal is to prevent an observer from noticing correlations between several payments–which might leak information about a business’s customers or supply chain, for example–it would probably be more convenient to make the payments back-to-back from the same account via TumbleBit instead of having to first shuffle each payment to a new account.

      On the subject of identity verification, I think the Stratis Identity module is an interesting proof of concept, but in my opinion Ardor provides a much richer set of tools for identity-related services. While a service like Stratis Identity can be built relatively easily on any blockchain, Ardor offers a couple of unique features that could extend such a service for some interesting applications.

      On Ardor, identity validators will be able to attest to the identities of account owners using Account Properties. These are arbitrary bits of data that can be permanently associated with an account on the blockchain, rather like attestations in Stratis Identity. One novel feature that Ardor will add, though, is the ability to issue assets that can only be traded by accounts that have a specific property set.

      In cases where government regulations require that asset issuers know who is purchasing their assets, this feature will allow issuers to restrict trading of their assets to accounts whose owners’ identities have been verified by compliant identity providers. This level of control will hopefully help put blockchain-based securities on a firmer legal foundation, and will make it easier for asset issuers to comply with the law.

      Even apart from regulatory compliance, asset issuers will probably find other uses for this feature. For example, a club or other private organization could express eligibility requirements for membership as a set of required account properties, issue an asset that only eligible accounts could obtain, and then use the asset to pay dividends to or conduct polls of members.

      Some Thoughts on Marketing

      Even having read this far, you might still be wondering what exactly the Stratis platform is and how it works. To be frank, I have found myself asking these questions too, even after many hours of reading about Stratis. At the risk of speaking perhaps a bit too close to the edge of my knowledge, I think it might be helpful to compare and contrast the marketing efforts of Jelurida and the Stratis Group in order to shed some light on why it is hard for me to answer these very basic questions.

      Reading the Stratis website and the white paper (linked above), I got the distinct impression that, to be blunt, those resources weren’t really written for me. The language they use reminds me of how the salespeople at my company talk, and I learned a while ago that engineers and salespeople tend not to understand each other very well.

      I read that Stratis offers “simple and affordable end-to-end solutions” to “streamline and accelerate [my] blockchain project development”; that it is a “powerful and flexible blockchain development platform designed for the needs of real-world financial services businesses and other organizations that want to develop, test and deploy applications on the blockchain”; and that its “one-click process means that new chains can be launched with unprecedented speed, tailored for the needs of the organization”; but I still don’t really understand what any of this means, much less how Stratis will accomplish these things.

      This type of language conveys precisely zero information to me. Without technical details, I am completely, hopelessly lost. I know that there are plenty of people who are fluent in business-speak, though, and those people can probably read the Stratis white paper and come away with a decent, if very high-level, understanding of what the company plans to do. In contrast, it took me multiple passes through the white paper before I began to grasp the big picture, and I’m still not sure I have it right.

      The Ardor white paper, on the other hand, contains substantial technical detail about how Ardor works and what distinguishes it from other blockchain platforms. It is obvious, both from its content and how that content is organized, that engineers played a significant role in writing it. Upon completing my first pass through it, I understood pretty well what problems Ardor solves and how it solves them.

      The point I’m trying to make with this comparison is that business-minded people and technically-minded people often speak different languages, and the marketing materials that the Stratis Group and Jelurida have created seem to reflect this difference. Personally, I found it extremely frustrating to find so little technical substance in Stratis’s resources, and this frustration has probably prevented me from really understanding Stratis.

      Conclusion

      Is my assessment of Stratis too harsh? Maybe. I do think that TumbleBit is an interesting piece of technology, and it seems smart for the Breeze Wallet to implement it for both Stratis and Bitcoin. Moreover, if we drop the white paper’s contention that the Stratis chain will secure its sidechains, and instead assume that sidechains will be responsible for their own security, then I can use my imagination to fill in enough of the gaps to come up with at least a rough mental image of what Stratis will look like when it is complete.

      This mental image, though, is basically a direct competitor to Lisk. Sure, Stratis is based on .NET and the Bitcoin protocol instead of JavaScript and Lisk’s predefined transaction types, and the feature sets that the two teams intend to offer don’t overlap perfectly, but essentially both projects aim to provide a central, public blockchain and a set of tools for easily creating sidechains on it. Both projects are in rather early stages of development, too, and for this reason it can be difficult to find technical details about them.

      Ardor is quite different. Built on the Nxt codebase, it is already far more mature than Stratis, despite not having launched on its mainnet yet. Its parent-chain/child-chain architecture achieves the goal described in the Stratis white paper–a means for businesses to create customizable blockchains without having to worry about securing them–better than existing sidechain architectures. And the rich variety of features that Ardor already supports will take quite some time for Stratis to emulate.

      Perhaps just as importantly, Jelurida and the Nxt community have done a great job of making technical information about Ardor and Nxt publicly available. This information lends credibility to the Ardor project and strengthens the community. In my opinion, it is what separates true marketing from hype.


      Try Ardor on testnet

      Ardor vs. the Competition, Pt. 4: Waves

      This post is part of a series that compares Ardor to other blockchain projects with similar features or goals. You can find the previous posts here:

      Until now, one of my main goals with this series has been to survey different approaches to scaling a distributed ledger. This week and for the next couple of posts, though, I’m shifting my focus slightly towards the business side of blockchain technology. I’ll attempt to explore the real-world problems that blockchains can solve and the ways that different projects have positioned themselves to suit their target markets.

      These subjects are a bit outside my comfort zone, so I’ll thank you in advance for your patience with me in case I say something ignorant or naive. And as always, I greatly appreciate constructive criticism. 🙂

      This disclaimer is especially important this week, because this week I studied Waves. As a newcomer to Nxt, I’ve read just enough about its history to know that the founder of Waves, Sasha Ivanov (a.k.a. Coinomat on nxtforum.org), had been an active member of the Nxt community until the turbulent period of early 2016, at which time he left to found Waves. I won’t attempt to rehash the debate over Ardor and the future of Nxt, which I understand ended with many asset issuers like Sasha leaving the community, but if you’re interested I’d highly recommend apenzl’s summary in SNAPSHOT and the references therein.

      Instead, for this post I’ll mostly ignore the histories of Nxt and Waves, and will approach both projects with an open mind and a view towards the future. I do think there would probably be some value in a proper historical analysis, but I simply am not qualified to offer one.

      With that out of the way, let’s talk about Waves.

      Waves

      At first glance, Waves looks a lot like a stripped-down version of Nxt. It is primarily a decentralized exchange (DEX), inspired by and conceptually similar to the Nxt Asset Exchange. Like Nxt, it uses a proof-of-stake consensus algorithm and allows users to lease their balances to other accounts in order to forge in pools. It recently added a way to associate a human-readable alias to an account number, partially replicating the functionality of Nxt’s Alias System. Even a couple features still in development–namely, a voting system and a way to send encrypted messages–duplicate functionality that Nxt already offers.

      At the same time, Waves is missing many of Nxt’s most powerful features. For now, it doesn’t support anything similar to Nxt’s phased transactions or account control options, for example, though it is worth noting that both smart contracts and multisig transactions are on the agenda.

      Additionally, the white paper suggests that crowdfunding will be one of the main uses of the Waves platform, but tokens on Waves lack the customizable properties that make Nxt’s Monetary System currencies so useful for this application. For example, the Monetary System offers the ability to condition the transfer of funds on meeting a fundraising goal, a la Kickstarter, and also the option to restrict trading so as to prevent scalpers from creating a secondary market. Using this latter feature, called a “Controllable” currency in Nxt’s terminology, it is even possible for issuers to dictate both a fixed asking price and a fixed bid for the currency, enabling them to offer buyers full or partial refunds for their tokens. Crowdfunding on Waves, in contrast, is limited to issuing a token essentially at the market rate.

      These observations notwithstanding, in my opinion it would be a terrible mistake to dismiss Waves as just another Nxt copycat with fewer features. For one thing, Waves offers several key features that Nxt and other platforms do not have, which I’ll describe next. Perhaps even more importantly, though, the Waves team has built a strong brand and has offered a clear and consistent vision since the platform’s inception. The field is currently so crowded, and innovation so rapid, that the combination of a simple, clear message, a strong marketing effort, and a demonstrated ability to deliver on those promises might be even more important to the long-term success of a project than the richness or novelty of its underlying technology.

      Unique Features

      One interesting feature that distinguishes Waves from many other platforms is the design of its DEX. It is a hybrid approach that combines a centralized order-matching engine, called the Matcher, with decentralized settlement on the Waves blockchain.

      When users place orders on Waves, the Waves client sends those orders to central Matcher nodes, which maintain the order books for all tradeable pairs. Each new order is either matched against existing orders or added to the order book for the pair in question, but either way the user who submitted the new order is notified immediately whether the order was filled. It is still necessary to wait for the next block(s) to be added to the blockchain to fully confirm the transaction, but in the meantime, the user knows with high confidence the result of the order.

      This might not seem like a big improvement over a fully decentralized exchange, but from the handful of transactions I made on Waves, I must say I was quite impressed by the user experience. The ability to see real-time updates to the order book, and to know immediately whether my orders were filled, made a bigger difference than I had expected.

      In principle, any full node can become a Matcher. The lite client currently only connects to Matchers at nodes.wavesnodes.com by default, though, so Matchers on the rest of the network probably do not see much volume. With new orders transmitted directly to these centralized nodes, and only broadcast to the whole network once they have been filled (I think), this design allows the order books to remain anonymous. I don’t know for sure how important it is for open orders to be anonymous, but it certainly seems like a feature that traders might value highly.

      Another distinguishing feature of Waves is the ability to trade any token against any other token without first converting to WAVES. Combined with the integrated gateways that issue tokens pegged to U.S. dollars, euros, and several cryptocurrencies, this feature enables Waves to function as a decentralized foreign exchange market. It also allows token issuers to conduct an initial offering directly in fiat-pegged tokens. With the full client, it is even possible to pay fees in tokens instead of WAVES.

      Additionally, it is worth noting that there are several features in development or on the roadmap that also distinguish Waves from other platforms. One is a reputation system that will score accounts by their age, transaction history, and other factors. There are not many details yet, but the goal is to provide users with at least a rough indication of how trustworthy a given token issuer is. The white paper even goes so far as to suggest that the reputation system will serve as “some form of decentralized KYC/AML” (know your customer/anti-money laundering) system. While it’s difficult to see how a decentralized reputation system could help issuers actually comply with KYC and AML laws, it’s not unreasonable to suppose that it could serve some analogous purpose in a blockchain community.

      Speaking of compliance issues, Waves has also announced a new project, Tokenomica, that will provide a “100% compliant legal framework for different types of token crowdsales, including private equity crowdsales.” Unfortunately, that quote from the 2017 roadmap is just about the full extent of information I’ve been able to find about Tokenomica. My impression is that the project is still in its early stages, but it shows that the team is taking regulatory compliance seriously.

      For completeness, I should probably mention that the Waves team is also planning to incorporate smart contracts into Waves. The scripting language will not be Turing complete, and there will be no equivalent to Ethereum’s concept of “gas,” presumably because there will be no loops. Beyond these details, there isn’t much other information available yet.

      Finally, I must mention the approach that the Waves team has outlined for scaling. It consists primarily of two parts: a redesign of the forging process that breaks large blocks into “microblocks” to optimize bandwidth usage; and an optimization to how account balances are stored–or rather, not stored–that reduces memory requirements for full nodes.

      The first of these two proposals, called Waves NG, is based on Bitcoin NG. In a nutshell, once a node has won the right to forge the next block, it immediately issues a key block, which is usually empty, and then broadcasts microblocks containing transactions every few seconds. The motivation for this design is that broadcasting one large block each block interval is a much less efficient way to use the network’s bandwidth, and the corresponding spikes in network activity place an artificially low bound on the number of transactions that the network can handle. By spreading transactions out over a sequence of microblocks, it is possible to increase the average data rate over the network but decrease the peak data rate, lessening the constraints that bandwidth and latency impose on the maximum transaction rate.

      The second component of the scaling plan is to implement the ideas described in this paper by Leonid Reyzin, Dmitry Meshkov, Alexander Chepurnoy, and Sasha Ivanov. I admit I haven’t spent very much time with it, but the gist is that full nodes will not all be required to store every account’s balance of every token in memory in order to validate transactions. Instead, they will store a compact digest of this information, and forgers that do store it in full–or some subset of it, if they choose to only forge transactions involving specific tokens–will generate cryptographic proofs that they have updated the account balances correctly. The forgers will then include the proofs and an updated digest in the header of each new block. Nodes that have chosen not to record the balances of all tokens involved in those transactions will still be able to validate them by using their current digest and the forger’s proofs to compute an updated digest, which they can compare to the one the forger reported.

      The authors argue that this approach can reduce the amount of memory required for a full node under realistic conditions by about a factor of four. Moreover, if this optimization is able to keep all required information in memory in cases where it would otherwise have to be stored on disk, the performance improvement could be far greater–about a factor of 20, the authors suggest.

      Comparison with Ardor

      Although a couple of the features described were not present in Nxt, there will be similar features available in Ardor.

      Specifically, Ardor’s parent-chain/child-chain architecture will allow users to trade all pairs of child chain coins, some of which could be pegged to fiat currencies and other cryptocurrencies. It will also be possible to price assets in any of the child chain coins, and to pay fees in the child chain coin when transacting on a given child chain. It will not be possible to trade assets against each other directly, but most of those trading pairs would probably have such low volume that it wouldn’t really be worthwhile to add this feature anyway.

      As for the improvements that the Waves team has made to their DEX by partially centralizing it, it should be possible to mimic this functionality pretty closely by building a centralized order matcher on top of Nxt/Ardor. Indeed, the InstantDEX project accomplished something similar in the past, using Nxt to settle transactions in a decentralized manner.

      On the subject of scaling, the proposal to reduce in-memory storage requirements for full nodes is intriguing, but I wonder whether there might be a small trade-off with security. (If you’ve read the previous articles in this series, then you have probably figured out by now that I always suspect that performance improvements entail reductions in security.) In particular, if nodes are not required to store the current state of every account, and must use the proofs and digest in each new block’s header to validate the transactions contained in it, then I assume that means that nodes will not be required, nor even will they be able, to validate unconfirmed transactions before broadcasting them to their peers. I don’t know the consequences of allowing nodes to propagate potentially invalid transactions across the network, but the thought makes me a bit uneasy.

      Ardor’s approach to scaling is for all nodes to validate all transactions, but for only the minimum possible amount of information to be permanently recorded on the Ardor blockchain. In particular, only those transactions that change the balances of ARDR, the forging token, need to be stored on the blockchain in order for other nodes to trustlessly verify that each block was forged by an account that was eligible to do so. In contrast, the whole history of transactions involving only child chain coins and the assets and currencies traded on those child chains does not need to be stored on the blockchain, and hence can be pruned away, leaving only cryptographic hashes of that information behind. The result is that the blockchain stays much smaller and grows more slowly than would be the case if it stored all of this extra information.

      Which approach is better depends on whether permanent storage of the blockchain or in-memory storage of current account balances presents a bigger problem as the two platforms grow. I don’t know the answer to this question, but there are a couple of related points that are probably worth making. One is that the timescales of the two problems could be quite different: I could see an explosion of new assets on the Ardor platform placing an immediate strain on memory, whereas blockchain bloat would likely pose a severe long-term problem for Waves, especially if it reaches hundreds or thousands of transactions per second, which is the current goal. My other thought is that Ardor required an entirely new architecture to implement its scaling solution, whereas Waves’s approach will not. It would no doubt be easier for Ardor to incorporate Waves’s solution at some point in the future than for Waves to implement Ardor’s solution.

      Finally, perhaps the most interesting subject in this comparison is the issue of regulatory compliance. Waves has positioned itself as a platform for creating and issuing tokens, with a special focus on crowdfunding. To that end, the Waves team has indicated that they are taking a serious look at the regulatory complications that go along with crowdfunding–which might involve selling securities, for example–in order to help users comply with the law. While the suggestion that a decentralized reputation system might eventually replace traditional KYC/AML requirements strains credulity, it could at least help suppress scams and reduce the opportunities for bad actors to take advantage of others. In that sense, it might accomplish some of the same goals that regulators aim to achieve.

      Ardor, for its part, will offer a couple of enhancements over Nxt that will be quite valuable for regulatory compliance. One is the ability to issue assets that can only be traded with a certain type of phased transaction, and the other is the addition of a new phased transaction type, which allows an account to approve a transaction only if the account has a certain specific property. Combining these two features, a user can issue an asset which can only be purchased by accounts that have a property that, for example, a KYC/AML-compliant identity provider has added to designate that it has verified the owner’s identity.

      If your asset represents shares of a company, or a mutual fund, or some other type of security, this feature would enable you to prove to regulators that you know who is purchasing your tokens. Moreover, if you are a user interested in purchasing those types of tokens, recording a proof of your identity on the blockchain via your account’s properties will hopefully allow you to spend less time trying to convince businesses that you are who you say you are and that you aren’t laundering money.

      In addition, it will be possible to create child chains that support only a subset of the features that the Ardor platform offers. This will allow child chain creators to disable certain features, such as coin shuffling, that might raise red flags with regulators in some jurisdictions.

      Conclusion

      What, then, do we make of Waves? There is definitely something to be said for choosing one problem and trying to solve it better than anybody else can do. Abandoning Nxt’s “Swiss Army knife” approach and focusing instead on the single goal of building a great token-trading platform no doubt made it easier to pitch, develop, and market Waves. There is also a lot to be said for starting off well-funded, as Waves did with a $16M ICO.

      At the same time, though, I’m not sure that an objective comparison of Waves and Ardor could conclude that Waves is as technologically mature as Ardor is. (For the record, I have tried to do a fair and objective comparison in this article, but I am not claiming that I succeeded. That’s ultimately your call.) Nxt is already capable of almost all of what Waves can do, not to mention all of the things that Waves cannot do, and Ardor is adding new functionality, too.

      Perhaps Ardor’s biggest remaining challenge is to truly sell its vision the way that the Bitcoin community and the Ethereum Foundation have sold their visions, and this is where Waves has a sizable head start. Being capable of so many different things, but not purpose-built for anything in particular, Ardor faces a very difficult task here. The worst possible outcome would be for users and businesses to see it as “just another platform,” or perhaps to fail to grasp the full range of what it can do, and to simply ignore it as a result.

      As for Waves, I’m excited to see what the future holds. The improvements that it has made to the Nxt Asset Exchange, though modest in my opinion, have nonetheless distinguished it as a formidable DEX. If the Waves team can follow through on their roadmap, Waves will be a fierce competitor among exchanges–centralized and decentralized alike.

      Ardor vs. the Competition, Pt. 3: IOTA

      This post is part of a series that compares Ardor to other blockchain projects with similar features or goals. You can find the previous posts here:

      This week I studied IOTA, a distributed ledger that doesn’t use a blockchain.

      Why Compare Ardor and IOTA?

      At first blush, IOTA is about as different from Ardor as a distributed ledger can be. It uses a directed acyclic graph (DAG), which its developers call “the tangle,” to represent the history of transactions, instead of storing transactions on a blockchain. It is intended to be used primarily for machine-to-machine microtransactions on the Internet of Things (IoT), a vision enabled by the fact that IOTA requires no transaction fees. And it doesn’t (yet) support the “blockchain 2.0” features that form a core part of Ardor’s appeal. On the surface, it doesn’t really look like a competitor to Ardor.

      So why include IOTA in a series entitled “Ardor vs. the Competition”?

      As I’ve mentioned before, my main interest with this series is in exploring different distributed ledgers’ approaches to scaling, and this is where the IOTA community has made some extraordinary claims. As I learned more about IOTA to better understand how it scales, I eventually came to the conclusion that IOTA and Ardor offer complementary (or more bluntly, opposite) solutions to the scaling problem:

      Ardor dramatically reduces blockchain bloat but requires all nodes of the network to agree about the strict ordering of transactions; whereas IOTA achieves potentially higher throughput by relaxing the consensus rules a bit, allowing temporary discrepancies between transactions, but faces a significant challenge in coping with the growth of the tangle. These tradeoffs, plus what I learned about the security of the tangle, seemed interesting enough to warrant a post in this series.

      If you aren’t convinced, though, please still check in next week!

      After this post, I plan to shift my focus away from scalability and towards features and market fit. Stratis, Ark, and Waves are on the agenda, but I’m not sure of the order, yet.

      The Tangle

      Without a doubt, the key distinguishing feature of IOTA is the tangle.

      IOTA’s other unique features, such as its lack of transaction fees, the fact that transactions are not strictly ordered but still eventually consistent, and the notion that (some) spam actually increases the throughput of the network, all stem directly from the way the tangle works.

      For this reason, and also because I want to sidestep at least some of the recent controversy surrounding the IOTA project, I will try to focus primarily on understanding and evaluating the tangle itself, rather than picking apart the details of IOTA’s specific implemetation of it.

      The tangle is a directed acyclic graph whose vertices represent individual transactions, and whose edges represent “approvals” of previous transactions. Each time a node submits a new transaction to the network it must choose two previous transactions to validate, which it references in the new transaction it submits. As the new transaction permeates the network, each node adds it to its local copy of the tangle, with one edge pointed to each transaction that the new transaction approved.

      I tried my best, but this description is probably confusing. This diagram should help. Each square represents a transaction, and the arrows that point from each transaction to two others represent that transaction’s approval of the two earlier ones. The genesis transaction is somewhere far off the left side of the diagram, and the newest transactions, called “tips” in the white paper, are on the right side, shaded in gray.

      What does it mean to validate, and hence approve, a transaction? Conceptually, the node doing the validation must start at the two transactions that it is validating and walk all paths back to the genesis transaction, ensuring that it never encounters a contradiction (e.g., double-spend, insufficient balance, or the like). If there is a contradiction, it chooses another pair of transactions to approve, knowing that no other node would ever approve the transaction it is submitting if it had approved a set of inconsistent transactions.

      Notice that this means that each new transaction not only directly approves each of the two transactions it has chosen to validate, but also indirectly approves the transactions that those two approve, and the transactions that those transactions approve, and so on all the way back to the genesis. This is part of the basis for “eventual consensus” on the tangle.

      In case you’re wondering about the computational burden of doing this validation, in practice it can be optimized substantially. Notice from the figures on this page that as you walk the tangle from the tips (far right) towards the genesis, you eventually reach a point past which all transactions are (indirectly) approved by all tips. In these figures, transactions approved by all tips are colored green. You could, therefore, cut the tangle across arrows that point to green transactions, validate the paths from those particular green transactions to the genesis a single time, cache the results, and from that point forward only validate from your new transaction back to those green transactions. This optimization saves you the time of validating the entire tangle every time you submit a transaction, and also allows the tangle to be pruned. More on that below.

      Consensus

      One very interesting feature of a tangle-based ledger like IOTA is that nodes that receive new transactions from their peers don’t have to immediately validate them. In fact, the tangle can temporarily contain contradictory transactions. Eventually, though, a node must decide which of the contradictory transactions to approve (possibly indirectly) as it adds a new transaction.

      How does it choose between conflicting transactions? Assuming that each transaction is valid if considered separately, then the short answer is that a node could choose to approve either one. It has an incentive to approve the one that the rest of the network will build on, though, so that its own transaction will eventually be approved, too. Most of the nodes on the network are assumed to run the reference algorithm for selecting transactions to approve, so in the event of a conflict, a node has an incentive to choose the transaction that the reference algorithm selects.

      In order to understand the reference algorithm, it is important to first understand the concept of the cumulative weight of a transaction.

      Each node that submits a new transaction must do some proof-of-work (PoW), which determines the “own weight” of the transaction. The cumulative weight of a transaction is then its own weight plus the own weights of all transactions that have directly or indirectly approved it. In a general tangle the node can decide how much work to do for a transaction, but in IOTA all transactions require the same PoW and thus have the same own weight. As a result, the cumulative weight of a transaction is proportional to the number of other transactions that directly or indirectly approve it.

      What, then, is the reference algorithm? The author of the white paper calls it Markov-Chain Monte Carlo (MCMC, see section 4.1), which is a fancy way of saying that it is a random walk along the tangle that favors paths with greater cumulative weight. This post is already getting long, so I’ll skip the details. Suffice it to say that, when there are conflicting transactions, the MCMC algorithm resolves the conflict by tending to choose whichever transaction has the greater cumulative weight behind it. Eventually, one subtangle becomes dominant and the other is orphaned. This is analogous to the mechanism that blockchains use to resolve forks, and the cumulative weight of a transaction in IOTA is a rough measure of its finality in the same way that adding blocks to a blockchain confirms previous transactions with greater and greater certainty.

      By the way, the fact that nodes don’t immediately need to validate each new transaction received from their peers has big implications for performance. Each node does less work this way, validating transactions only when it submits a new transaction, and taking for granted that transactions that are indirectly approved by all tips have already been validated by the rest of the network. Also, validations run in parallel across the network, as different nodes choose different subsets of transactions to approve.

      Security

      So far I have mostly just regurgitated the information found in the IOTA white paper. The issue of the security of the tangle, on the other hand, is where things get a lot more interesting. While I definitely recommend reading the analysis in the white paper of different attacks on the tangle–and the rest of the white paper, for that matter, because it is very well written–I won’t discuss most of that analysis here.

      Instead, I want to focus on the most obvious threat, which is a 51% attack. The IOTA devs actually refer to it as a 34% attack, for reasons that I’m not sure I understand. I suspect it’s because an attacker who waits for a fork to occur naturally only needs enough hashpower to out-compute the nodes on each branch of the fork–i.e., more than 50% of the rest of the network’s hashpower. Anyway, the exact number isn’t important, and for the remainder of this article I will use the term “34% attack.”

      With IOTA, a 34% attack would look roughly like this. An attacker issues a transaction that spends some funds, represented by the rightmost red dot, then computes (or perhaps has precomputed) his own “parasitic” subtangle, which anchors to the main tangle somewhere upstream of his transaction and which contains a double-spend transaction, represented by the leftmost red dot. His goal is to add enough cumulative weight to his parasitic tangle to convince the MCMC algorithm to orphan the main tangle and follow the parasitic one.

      Hopefully, the analogies to the blockchain are clear so far, because there is one more important one. Like a PoW blockchain, the tangle is secured by the current hashpower of the network, since this hashpower is what adds cumulative weight to the legitimate tangle. Unlike a PoW blockchain, though, nodes on IOTA only do PoW when they submit transactions. The security of the tangle, therefore, depends only on the transaction rate and the amount of PoW per transaction. Take a second to let that idea sink in because it is absolutely central to understanding the security of the tangle.

      Because the IOTA network is currently small and the transaction rate is low, the IOTA team has established a single trusted node, called the Coordinator, that is ultimately responsible for deciding the current state of the tangle. Its purpose is to protect against 34% attacks, among other attacks. I’m not going to spend any more time on it, but I encourage you to read this critique and the devs’ responses, and draw your own conclusions about whether IOTA can be called decentralized while running under the supervision of the Coordinator.

      Let’s see if we can come up with an order-of-magnitude estimate of how secure the network could be without the Coordinator. A recent stress test achieved well over 100 transactions per second (tps) on a small test network. The team suggested that 1,000 tps is achievable. To be generous, let’s assume that IOTA will eventually scale to 10,000 tps. I don’t know what the current PoW requirement on IOTA is, but let’s suppose that the average IoT device is approximately a Raspberry Pi and it runs at 100% CPU for 10 seconds to do the required PoW. Again, I’m trying to be generous; many IoT devices are considerably less powerful than a Raspberry Pi, and pegging the CPU for 10 seconds for each transaction would probably be a dealbreaker.

      With these assumptions, we conclude that the average computational power securing the network is roughly 10,000 x (# of computations by Raspberry Pi in 10 s) per second, or equivalently, 100,000 times the computational power of a single Raspberry Pi. There are a lot of nuances to properly benchmarking computers, but we’re not concerned about factors of two or three–we’re just going for an order-of-magnitude estimate–so we’ll use some numbers I found on the internet.

      A Raspberry Pi3 can achieve hundreds of MFLOPS (megaflops, or millions of floating-point operations per second), while high-end GPUs clock in at thousands of GFLOPS (gigaflops, or billions of FLOPS), a factor of 10,000 greater computing power. So in our hypothetical scenario, an attacker with ~10 GPUs could out-compute the entire network. Throw in another factor of 10 because I was being sloppy–maybe integer operations are a bit slower on the GPUs than floating-point operations, for example–and you still only need 100 GPUs to execute the attack.

      I’m sure there are plenty of holes to poke in this analysis. Perhaps IOTA won’t run on devices all the way at the edge of the network, for example. Instead, it might run on the gateways and routers that those IoT devices connect to, which are typically much more powerful.

      Still, the point I’m trying to make is that PoW successfully secures blockchains like Bitcoin and Ethereum because it isn’t tied to the transaction rate, or any other factor besides the economic value of the network. As the value of the mining reward (in fiat currency) increases with the price of Bitcoin, miners add more hardware and consume more electricity to mine it. The economic incentive to mine ensures that the amount of hashpower securing the network increases with the network’s monetary value.

      With IOTA, in contrast, there is no economic incentive to secure the network. Moreover, the hashpower securing the network is tied directly to the transaction rate, which naturally has some upper limit dependent on bandwidth and network topology.

      On this last point, the IOTA developers have made a creative argument, not included in the white paper, that bandwidth limitations and network topology actually improve the security of the network. I haven’t found an official statement of it anywhere, but after some digging I stumbled upon this Slack conversation, which is the most complete defense I could find.

      Essentially, one of the IOTA developers (specifically Come-from-Beyond, a.k.a. Sergey Ivancheglo, possibly a.k.a. BCNext, also one of the original creators of Nxt), argues that the IOTA network will consist of IoT devices peered exclusively with their nearest neighbors in a meshnet topology, and that an attacker will not even have the option of peering with more than a very small number of devices on each such mesh. That is, the vast majority of devices will not be accessible from the internet or some other “backbone” of the network, and the only way to send messages to them will be through the mesh of other devices.

      The general idea is that the mesh as a whole will be capable of achieving a high throughput, but each individual link in the mesh has a low enough bandwidth that an attacker would easily saturate it by trying to add enough transactions to convince the network to follow his parasitic subtangle. Since the attacker only has a few entry points into the mesh, he saturates all of them before his parasitic tangle accumulates enough weight for his attack to succeed.

      I’ll let you draw your own conclusions about this argument. I personally don’t think the IOTA team has made enough details public to thoroughly evaluate it.

      Speaking of bandwidth limitations, let’s talk about scaling.

      Scalability

      Because each node must validate two other transactions before submitting its own transaction, the IOTA team likes to point out that spam actually tends to make the network more efficient. Other members of the IOTA community get carried away with this point, sometimes even making the absurd claim that IOTA is “infinitely scalable.”

      Every node on the IOTA network must eventually receive every transaction in order to maintain a globally consistent tangle. Broadcasting transactions to remote nodes takes time, though, and if the transaction rate is high enough that a node receives a lot of transactions from nearby nodes before it receives the next transactions from distant nodes, the MCMC algorithm will continue to select tips submitted by nearby nodes. Eventually the tangle splits, with only nearby nodes transacting on the local copy of the tangle and remote nodes transacting on their own, divergent copy.

      So bandwidth and network topology must place some limitations on the transaction rate of IOTA if the tangle is to be consistent across the entire network. We will have to wait for more stress tests to learn what these limitations are.

      Additionally, like all distributed ledgers, IOTA must grapple with bloat. Each transaction on IOTA is approximately 1.6 kB in size, so a transaction rate of 100 tps would grow the tangle at a rate of 160 kB per second, or about 14 GB per day. Needless to say, that’s an unrealistic storage requirement for an IoT device.

      IOTA currently solves this problem by taking periodic snapshots of the tangle, which map its current state into a new genesis transaction, allowing the transaction history to be pruned away. In the limit of very frequent pruning, a node would only have to store enough of the tangle to be able to run the MCMC algorithm.

      Syncing a new node with the network is a different story, though. Either the node must download the latest snapshot from a trusted peer, or it must start at the original genesis transaction and work its way forward through the entire tangle. There is no way to trustlessly and efficiently join the network.

      Finally, it’s worth noting that the IOTA team has proposed a type of horizontal partitioning of the tangle that they call a “swarm,” where many nodes together store the complete tangle but no one node stores all of it. Unfortunately, there aren’t many details yet on how this works.

      Compared to Ardor

      So what does any of this have to do with Ardor?

      In my opinion, there are two main comparisons to draw, namely on the issues of security and scalability.

      Regarding security, it isn’t clear to me that IOTA could possibly reach a high enough transaction rate to be considered secure without the Coordinator, given the monetary value of even the current network, without choosing a very high PoW requirement.

      Ardor, in contrast, has the advantage that its child chains are all secured by the single parent chain.

      A “small” child chain wouldn’t need a trusted node like IOTA’s Coordinator to protect it because consensus is established by the entire network and recorded (via hashes of child chain blocks) by forgers on the parent chain.

      On scalability, IOTA and Ardor both currently share the requirement that each node of the network process all transactions. With IOTA, this simply means adding transactions to the tangle, which is computationally cheap, whereas, with Ardor, every node must validate every transaction. Moreover, the clever design of the tangle ensures that the confirmation time for a transaction actually decreases as the network gets busier. I would not be surprised to see IOTA achieve higher throughput than Ardor as both networks grow.

      On the other hand, IOTA faces a tremendous challenge in combating tangle bloat if it is ever to achieve hundreds of transactions per second, whereas Ardor has largely solved this problem.

      Finally, it’s worth noting that a proposal on the Ardor roadmap would delegate child chain transaction processing to dedicated subnets of the network. This would potentially achieve a computational gain similar to IOTA’s “swarming” proposal, possibly allowing similarly high throughput.

      Final Thoughts

      If you’ve read this far (thank you!!) and were already familiar with IOTA, then you’ve undoubtedly noticed that I left out a lot of details, including its homebuilt hashing algorithm, the deliberate flaw in this algorithm that Come-from-Beyond included as a copy-protection mechanism, the use of ternary encoding, and the mysterious Jinn processor that will provide hardware support for IOTA in IoT devices. In the course of my research, I’ve formed fairly strong opinions on all of these things, but I was reluctant to share them here for two reasons.

      First, I don’t have sufficient information to make objective statements on these issues. I’m not a cryptographer, and I know next to nothing about ternary computing or Jinn. The best I could do would be to offer subjective judgments of the design decisions the IOTA team made, but that would have simultaneously weakened the focus of this article and opened it to criticism from people who have made different subjective judgments.

      Secondly, and more importantly, I’m more interested in the fundamental concepts behind the tangle than IOTA’s specific implementation of it. Regardless of whether IOTA succeeds or fails, the tangle is a beautiful idea and deserves all the attention we can muster.

      So what can we say about the tangle, then? While I’m positively enamored with the elegance of its design and the nuances of its consensus mechanism, at the end of the day I’m afraid I’m quite skeptical of its suitability for the Internet of Things. Drop that aspect, increase the PoW requirement by several orders of magnitude, and find a way to tie the PoW threshold to the monetary value of the network without cutting ordinary users off from their funds, and I think the tangle has tremendous potential as a distributed ledger.

      The last missing piece is how to cope trustlessly and efficiently with bloat, a problem that Ardor have solved extremely well. Perhaps somebody will find a way to combine the best elements of both designs at some point in the future. A lot could happen by then, especially in cryptoland.

      P.S. – I promise the next article will be shorter. 🙂

      Ardor vs. the Competition, Pt. 2: NEM/Mijin/Catapult

      This post is part of a series that compares Ardor to other blockchain projects with similar features or goals. You can find the previous posts here:

      This week I studied NEM, a public blockchain similar to Nxt in many ways. As I’m primarily interested in each blockchain project’s approach to scaling, I also researched Mijin, a version of NEM for private blockchains, and Catapult, a rewrite of Mijin which promises large performance gains and which will also be incorporated into future releases of NEM.

      NEM

      Although NEM’s core developers abandoned their initial plan to start NEM as a fork of Nxt, choosing instead to start the project from scratch, NEM and Nxt are still fairly similar. Like Nxt, the NEM platform provides a predefined set of allowed transactions which applications can use as building blocks to create more complex features, as opposed to using a low-level scripting language to construct transactions, like Bitcoin or Ethereum.

      Both platforms support a variety of “blockchain 2.0” features, like sending messages, creating and transfering assets, and sending transactions requiring the approval of multiple accounts (m-of-n multisig). And both platforms expose their functionality through HTTP-based APIs, so developers can use virtually any language to write applications for them.

      Despite these similarities, NEM also has some notable differences compared to Nxt.

      Perhaps the most fundamental one is its novel consensus algorithm, called proof-of-importance. This algorithm is similar to proof-of-stake, except the probability that an account may harvest (i.e., forge) the next block depends not only on its stake of XEM, which is the native coin on NEM, but also on how recently it has transacted with other accounts and how much XEM was exchanged. Accounts that hold a large stake of XEM and which transact frequently and in high volume harvest more blocks than accounts with less XEM or accounts which only rarely transact.

      The authors of the NEM Technical Reference argue that, compared to proof-of-stake, the proof-of-importance algorithm gives somewhat less weight to the wealthiest accounts when determining the right to forge/harvest the next block (Section 7.8). Proof-of-importance is also central to NEM’s spam filter, which requires that an attacker not only control a lot of accounts, which is easy to do, in order to spam the network with a large number of unconfirmed transactions, but also to hold a large stake in each account and transact frequently with other high-importance accounts.

      In my view, another main difference between NEM and Nxt is the extent to which each platform’s “blockchain 2.0” features are integrated directly into the API. For example, NEM’s assets, called “mosaics,” share several features with the Nxt Monetary System’s currencies, but NEM does not have a built-in decentralized exchange for mosaics. (As a side note, the NEM Foundation has contracted with Blockchain Global to create a traditional, centralized exchange featuring mosaic-based ICO tokens.) Similarly, while you could certainly build a decentralized marketplace on top of NEM where users could buy and sell goods and services, NEM does not have such a marketplace built into its API the way that Nxt does.

      Finally, one subtle but very important difference between NEM and most other blockchains, including Nxt, is the way that it handles multisignature transactions. Instead of allowing any account to generate a multisig transaction, NEM introduces the concept of a multisig account and requires that all multisig transactions originate from such accounts. Any co-signatory on the account can initiate a transaction from it, and the transaction is only executed if a sufficient number of the other co-signatories approve it.

      At first this might appear to be a limitation, since it requires a separate multisig account for each set of co-signatories a user wants to cosign with, but it has two key advantages: the multisig account is a full account, capable of receiving payments, messages, and mosaics, for example; and co-signatories can be added and removed, so custody of the multisig account can be transferred. It is possible to create a “1-of-1” multisig account, i.e., an account with a single custodian who can transfer it to a different custodian if desired. In this way, multisig accounts on NEM can act like transferable containers for XEM, mosaics, and messages.

      One particularly impressive application of this concept is a notary service built on NEM called Apostille. With Apostille, the process of notarizing a document looks like this:

      1. Hash and sign the name of the document.
      2. Create a multisig account for the document derived from the resulting signature.
      3. Hash and sign the contents of the document.
      4. Send a message containing the result to the document’s multisig account.

      Note that the last step also attaches a timestamp to the document, since the transaction that transfers the document’s signed hash to the multisig account is recorded on the blockchain.

      As an example of a potential application of Apostille, the authors of the white paper consider a case where the notarized document is a car title. Ownership of the car can be transferred by changing co-signatories on the multisig account that contains the title; messages describing maintenance and repairs can be sent to the multisig account to record the car’s service history; and mosaics issued by governments or insurers could attest to payment of fees. In this way, the multisig account represents both the car itself and the history of other accounts’ interactions with it.

      Anyway, that’s quite enough about NEM. Next, Mijin.

      Mijin

      At a high level, Mijin is a version of NEM that three of the core NEM developers and a company called Tech Bureau developed as a private, permissioned blockchain product. Like any private blockchain–and in contrast to NEM, which is public–a Mijin blockchain is owned and controlled by a central authority, such as a company.

      This isn’t the place for a full debate about the utility of private blockchains, but as Mijin and Catapult are an important part of the NEM ecosystem, please indulge me for a minute. In my opinion, the more “private” a private blockchain becomes, the less useful it is. While I can see a case to be made for “consortium” blockchains, where a handful of independent organizations who don’t necessarily trust each other cooperate to secure the network against abuses by any one member of the group, I have trouble seeing the value in a blockchain controlled by a single authority. In my view, a blockchain without trustless consensus is basically just an extremely slow, extremely inefficient database.

      I know there are plenty of people who disagree with me, though, so for the remainder of this post I’m going to assume private blockchains have value and that there is a market for them, especially in financial services, which seems to be the main industry that Tech Bureau intends for Mijin to serve.

      There is not nearly as much information about Mijin available on the internet as there is about NEM, but I did learn some interesting facts that hint at its potential. For one thing, although Mijin and NEM are completely separate projects, Mijin does share the NEM API (or at least the two APIs overlap substantially), which suggests that it will be relatively easy for developers to write applications that run on either platform. The common API might also facilitate interactions between Mijin chains and the public NEM chain, but I haven’t found any information about the details of those interactions.

      Additionally, the Mijin website states that Mijin will support smart contracts, though the Catapult white paper seems to slightly contradict that statement when it says, “the approach here is to make the smart contract an external component, whether centralized (i.e., status quo with existing systems) or decentralized. The outputs of these smart contracts will then enter their transactions into the ledger through a secure transaction process.” To me, this implies that the contracts themselves will be neither stored on the blockchain nor executed by all nodes on the network.

      Speaking of Catapult…

      Catapult

      Catapult is a rewrite of Mijin with a focus on increasing the rate at which transactions can be confirmed. Judging from the white paper (linked above), the first deployments of Catapult will be at banks and other financial institutions, where the author envisions it will replace patchworks of “disjointed monolithic systems” that he says are commonly used today. Eventually, the developers also plan to integrate Catapult into NEM to facilitate scaling the public blockchain as well.

      Like Mijin, Catapult is currently closed-source and many technical details are not public. I was able to find some good information digging around the NEM blog, though, especially in this thread by one of the developers.

      Catapult divides the work that the network does among three types of nodes:

      • P2P nodes, which add new blocks to the blockchain and maintain consensus about its state;
      • REST nodes, which present client applications with all the features they can use from the Catapult API; and
      • API nodes, which, like P2P nodes, store the blockchain and can read directly from it (I think), but which do not add blocks to it. These nodes serve data to the REST nodes to fulfill client applications’ requests.

      This breakdown appears to roughly correspond to the three-tier architecture commonly used for web applications, where the blockchain (P2P nodes) is the database, the REST nodes are the front-end, and the API nodes handle the business logic of interpreting and interacting with data in the database.

      If this analogy is correct, then presumably the goal of this architecture is to allow each tier to scale independently. Especially for a private blockchain, the optimal number of P2P nodes used to establish consensus might be much smaller than the number of REST and API nodes required to handle all of the requests that applications send to the network. Delegating these responsibilities to separate nodes on the network should allow nodes of each type to be added or removed as needed to optimize performance.

      Apart from this new architecture, Catapult also makes some other optimizations to improve performance. Whereas Mijin and NEM are written in Java and use HTTP for communicating with full nodes, Catapult is being written in C++, and communication between at least the API nodes and REST nodes uses full-duplex sockets (via ZeroMQ), potentially allowing for lower latency than HTTP.

      A performance test of three Catapult nodes located in the same datacenter and configured to service requests from 10.8 million accounts showed that the network was able to process just over 3,000 transactions per second. It isn’t completely clear from the press release, but it sounds like each of the three nodes in this test played all three roles: P2P, API, and REST. Confusingly, the accompanying diagram appears to refer to API nodes as “blockchain data ingestion servers” and to REST nodes as “API gateway” servers.

      Compared to Ardor

      How does NEM compare to Ardor, then?

      Really, there are (at least) two separate questions: how do NEM’s features compare to Ardor’s features? And how does NEM’s approach to scaling compare to Ardor’s approach?

      Since Ardor (the platform, not the parent chain) will support all of Nxt’s current features, the comparisons I noted above between NEM and Nxt apply equally well to Ardor.

      In particular, Ardor’s child chains will have at their disposal a somewhat larger variety of built-in transaction types that support a richer set of features.

      For example, NEM does not natively support a peer-to-peer exchange for mosaics, dividend payments to mosaic holders, transactions conditioned on votes by mosaic holders (or most of Nxt’s phased transaction types, for that matter), account properties, a decentralized marketplace, or anything like Nxt’s shuffling and alias systems.

      Ardor’s parent-chain/child-chain architecture will add some extra functionality, too.

      In particular, users will be able to exchange different child chain tokens for one another directly, without first converting to ARDR. This will be especially useful on pegged child chains, where users will be able to trade dollar-pegged coins directly for bitcoin-pegged coins (for example), whereas on NEM, somebody holding a dollar-pegged mosaic would have to sell it for XEM, then buy a bitcoin-pegged mosaic.

      These differences notwithstanding, NEM still offers a rich set of features that application developers can use in interesting ways. Perhaps the best example is Apostille’s creative use of NEM’s unique multisig accounts. I’m not sure how easy it would be to replicate that kind of functionality on Ardor.

      [EDIT]: Lior Yaffe, core dev and co-founder of Jelurida, has the following comment:

      With NXT this can be achieved by issuing a singleton asset for each license registration and sending it between accounts.

      On the question of how to scale, the two platforms differ much more dramatically.

      Catapult’s approach, which NEM will eventually incorporate, is twofold: a new three-tier architecture to distribute the network’s responsibilities among three specialized types of nodes; and a series of application-level optimizations, e.g., using C++ instead of Java. We will need to defer judgment of the latter approach until additional benchmarking tests are available, but we can still cautiously speculate about the implications of the new architecture.

      The biggest advantage seems to be for private blockchains, where the owner can fine-tune the quantities of the three types of nodes and the topology of the network to optimize throughput. Moreover, in such a context, blockchain bloat isn’t as severe a problem as it is for a public blockchain since companies can easily dedicate terabytes of storage on their servers to storing the blockchain.

      The improvement in NEM’s performance with this new architecture, on the other hand, is much harder to predict. It is not clear whether each peer on the network would have to run all three services (P2P, API, REST) or just one of the three. In the former case, the scaling advantage to the new architecture would presumably be lost. In the latter case, the classic trade-off between speed (fewer P2P nodes, more API and REST nodes) and security (greater fraction of P2P nodes) would remain. And since nobody could control the number of each type of node on a public network, the question of what the optimal balance is would be moot.

      In contrast, Ardor’s design does not try to achieve the highest possible throughput, at least initially. Rather, Ardor’s main scaling goal is to greatly reduce the size and rate of growth of the blockchain. It does this using a unique parent-chain/child-chain architecture, where all nodes on the network validate all transactions, but only those belonging to accounts holding the parent chain coin (ARDR) forge. Since the child chain coins can’t be used to forge, the child chains’ transaction history is irrelevant to the security of the network and can be pruned away.

      It is worth noting, however, that computational scaling is on the Ardor roadmap.

      Specifically, it is possible that child chain transaction processing will be delegated to separate subnets of the Ardor network in the future, allowing most nodes to ignore most transactions.

      Conclusion

      Ardor and NEM both offer rich, largely overlapping sets of features.

      Overall, my impression is that developers will probably be able to build similarly complex applications on either blockchain with comparable ease. In that sense, the two platforms are direct competitors.

      In their approaches to scaling, though, Ardor and NEM are quite different.

      While Catapult will likely achieve a significant improvement in the rate that private blockchains can confirm transactions, I am somewhat more skeptical of the performance improvement that can be achieved on a public blockchain like NEM using the same approach.

      Ardor, on the other hand, does not attempt to address the computational scaling problem (for now), but has found a very effective solution to the problem of blockchain bloat.

      I suppose time will tell whether computational scaling or blockchain bloat is ultimately going to pose the biggest long-term problem for blockchain tech, and time will also tell whether either platform has found an adequate solution.

      IGNIS ICO Report 7

      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

      peter2615

      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

      1. Gave up (as they attended on equal terms with everyone else)
      2. 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)
      3. 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
      4. Decided to invest in ARDR instead of JLRDA
      5. 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

      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.

      https://nxt.org
      https://nxter.org/tutorials
      https://nxter.org/newsletters

      IGNIS

      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.

      https://jelurida.com/ico
      https://www.nxter.org/tag/ignis-ico/
      https://www.jelurida.com/ardor-nxt-feature-comparison

      ARDOR

      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.

      https://www.ardorplatform.org
      https://nxter.org/ardor-blockchain
      https://www.jelurida.com/sites/default/files/JeluridaWhitepaper.pdf


       

       

      Live data from the Nxt blockchain

      ARDOR introduction video

      Q4 2017

      • Ardor mainnet launch
      • 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.

      #nofomo

      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 vs. the Competition, Pt. 1: Lisk

      I recently decided to start a series of posts that compare and contrast Ardor with other blockchain projects that appear to have similar goals or features. Roughly each week, I'll pick a project whose scope overlaps at least a little with Ardor's, study its technical documentation, and post a summary of my findings here for you to critique.

      This week, I've been reading about Lisk.

      Lisk

      In a nutshell, Lisk is a platform for developing decentralized applications (dapps) that run on sidechains anchored to the Lisk mainchain. It uses a delegated proof-of-stake (DPOS) consensus mechanism to secure the mainchain, while sidechains are each responsible for their own security (sort of, but see the description of the delegate marketplace below). The protocol uses a set of predefined transactions, rather like Nxt and Ardor, as opposed to a low-level scripting language like Bitcoin or Ethereum.

      Before I get into the details, I should start by saying that Lisk is definitely in an early stage of development. The team is currently in the middle of rewriting the Lisk SDK, which will support sidechain development, and is continuously refactoring Lisk Core, which is the full node.

      With the code in flux, some important architectural questions, particularly about sidechains and how they will interact with one another and with the mainchain, do not appear to have been settled yet. On the other hand, I had some difficulty finding a current, authoritative source of technical information about Lisk, so what I present here might be out of date. The best information I could find was in the wikithis article by one of the co-founders, the roadmap, and these YouTube videos. None of the first three sources are recent, unfortunately, and even the videos don't go into much depth (though I admit I haven't watched all 6+ hours of them). If you've found better references, I'd be grateful if you could send them my way.

      The marketing buzz surrounding Lisk seems to focus on the SDK, the goal of which is to make it easy to build, deploy, and secure a dapp running on a customizable blockchain. The devs wrote the SDK in JavaScript because they want to make Lisk accessible to as wide an audience as possible, and they also wrote the backend in JavaScript (Node.js) because...well, I guess I'll never understand why people insist on using JavaScript on the backend. 🙂

      But clearly, ease of developing and deploying a custom blockchain is not the only goal of Lisk. If it were, then what purpose would the mainchain serve? You might as well clone Bitcoin or Nxt if all you want is a good starting point for building your own blockchain.

      The mainchain/sidechain architecture is the real distinguishing feature of this platform. As far as I can tell, the mainchain serves at least three important functions:

      1. The Lisk API will allow deposits of LSK on the mainchain to be transferred to and from sidechains. With two such transactions, it will be possible to send LSK from one sidechain through the mainchain and to another sidechain. Unfortunately, according to the article by one of the co-founders linked above, it sounds like transferring LSK onto a sidechain will require sending it to the sidechain's owner, which obviously requires some degree of trust. To avoid this problem, it will be possible to create sidechains that use their own forging tokens instead of LSK. This token would then need to be traded for LSK in order to transact through the mainchain with another sidechain. Alternatively, it might be possible for one sidechain to transact directly with another sidechain without going through the mainchain, but the developers are still researching how this would work.
      2. Eventually, the team plans to build a "delegate marketplace" where delegates who are not securing the mainchain can offer to secure sidechains and are paid "either by the [sidechain] application owner or its users." Again, the details are a little fuzzy, but there seems to be a lot of value here: presumably the Lisk network is already far larger than a typical brand new blockchain network, and the delegate marketplace gives sidechains an "off-the-shelf" set of nodes that they can use to secure themselves in their infancy.
      3. Some nodes on the network (not sure which ones) will periodically hash sidechains and store the hashes on the mainchain as a "basic validation of sidechain integrity." I haven't been able to find any details about how this mechanism will work, though.

      Apart from these functions, and from the obvious role it plays in transferring LSK between accounts, the mainchain itself doesn't seem to have any other intended uses. All of the business activity is supposed to occur on the sidechains.

      Compared to Ardor

      How does this architecture compare with Ardor's parent chain and child chains?

      Maybe the most obvious difference is that each sidechain must have its own set of nodes to secure it, whether these are provided by the sidechain creator, the users, or eventually the delegate marketplace.

      With Ardor, in contrast, every node on the network validates child chain transactions, but only accounts holding ARDR forge. The fact that accounts holding child chain tokens don't forge with them means that it doesn't matter how small child chains are or how unequal the distribution of tokens on them is; they are all just as secure as the parent chain.

      One additional note about Lisk is that, until the delegate marketplace opens, sidechain creators choose the nodes that forge on their chains, which seems to require that users place a great deal of trust in them. On the other hand, the team has also suggested that Lisk will be flexible enough to allow sidechains to use an entirely different consensus algorithm, like proof-of-work, so it seems that sidechain creators wouldn't determine which nodes secure the chain in that case.

      There are also plans to allow existing sidechains to switch consensus mechanisms even after they launch, but again I haven't been able to find details.

      Clearly, both Lisk and Ardor intend to offer scaling advantages over traditional blockchains. With Lisk, the computational scaling advantage is obvious, since each forging node validates only the transactions on a single blockchain, either the mainchain or a sidechain. The reduction in required storage space (i.e., blockchain bloat) is less clear, though. Compared to Ethereum, say, it's obvious that for a similar level of total activity, the many chains in the Lisk ecosystem will each grow more slowly than the single Ethereum chain, simply because sidechains will not store each other's data.

      Compared to Ardor, though, the storage savings would be modest. Ardor's parent chain will grow at a similar rate to the Lisk mainchain--as both will store only hashes of sidechain or child chain data instead of the data itself--but on Ardor the child chain data will be pruned away, eliminating the blockchain bloat problem that Lisk will still have on each sidechain.

      Conclusion

      What, then, should we make of Lisk? Honestly--and I'm very disappointed to write this--I think it's simply too early to tell. Too many important details have yet to materialize:

      • Will it be possible to convert one sidechain's token directly to another sidechain's token without converting to and from LSK? How?
      • When the delegate marketplace opens, will it be possible for users to elect delegates using sidechain tokens? Or will they have to use LSK? Or will sidechain owners maintain control over which delegates forge?
      • What will Lisk do with the hashes of sidechains that are stored on the mainchain? Will it be possible to roll back recent transactions on a sidechain to "restore" it to the state it had when it was hashed? If so, will there be some time after which this will not be possible, so that the sidechain can still be considered immutable?
      • Will the Lisk SDK provide some clean mechanism for changing the consensus algorithm on an existing sidechain? I'm not sure what this would look like.
      • What happens if a sidechain that uses LSK forks? Obviously, the LSK tokens on both resulting sidechains cannot be simultaneously backed by the same LSK reserves on the mainchain. I would assume the sidechain creator effectively gets to choose which chain is the "real" one, since he or she is the one holding the reserves on the mainchain, but I don't know for sure that this is correct.
      • Depending on how Lisk will support transactions directly between sidechains, this same concern could require additional trust between sidechain creators. In particular, if sidechain creators must hold reserves of each other's tokens to enable cross-chain transactions, which seems like one plausible way to do it, then a fork in one sidechain could give the other sidechain's creator some influence over which branch of the fork is honored. Moreover, if the forking sidechain transacts with several other sidechains, each of which hold reserves of the split token, then the situation could get ugly pretty quickly.

      In my opinion, the most important advantage Lisk has over most blockchain platforms, including Ardor, is that it will accomplish a natural computational scaling by segregating each dapp onto its own blockchain. If, in addition, sidechains will be able to transact seamlessly and trustlessly with one another, then it seems like the design has immense potential.

      If we're making the assumption that the Lisk team will successfully implement all the features required to make this happen, though, then we ought to grant Jelurida the same courtesy and assume that they'll be able to carry out their own scaling plans. In particular, one potential improvement on the Ardor roadmap is to confine child chain transaction processing to dedicated subnets of the Ardor network. It seems to me that this would accomplish a similar computational scaling to Lisk, while preserving Ardor's substantial advantage in reducing blockchain bloat.

      In conclusion, Lisk's mainchain/sidechain architecture could potentially help it scale to accommodate a large number of dapps that could interact in interesting ways, but right now there seems to be a lot of uncertainty in the technical details. Ardor's approach is technically quite different but solves some of the same problems, namely blockchain bloat, potentially computational scaling, and the ability to transact easily between separate chains.

      It will be very interesting to see how Lisk develops in the next two or three years, but then again, by that time Ardor will have been live for a long time already.

      - segfaultsteve

      IGNIS ICO Report 5

      Is your bid order in place? Popcorn ready?

      Tomorrow, on Thursday, Aug 31st between 18:45 – 19:15 UTC, the last batch of Round 2 in the IGNIS ICO is offered. That’s the last of 4 batches, each counting 20M JLRDA tokens. The price is 0.55 NXT per JLRDA – the token that will swap 1:1 for IGNIS tokens when the Ardor Genesis block is created in November 2017. Each and every single batch until now has been sold out in 1 block.

      For your reading pleasure, fellow Nxters, let’s quickly touch base with the nxtchat.slack Round 2 experience:

      1st batch:

      amsi [8:53 AM]
      now !!!!!!!!!!!!!!!

      martis [8:53 AM]
      now!!!!!

      gabriel [8:53 AM]
      woooo

      strophy [8:55 AM]
      lol that went fast

      josenxt [8:56 AM]
      39,703.93 fee in that block? :scream:

      lordcameltoe [8:57 AM]
      how will I know if my transaction worked?

      peter2615 [8:57 AM]
      you wait… until next block, to see which offers got filled

      As demand is a lot higher than the supply of JLRDA, and as the crowdsale is being held on a decentralized platform, executed under the rules of the blockchain, there were investors that didn’t get lucky. The rules are clear though and people’s different attempts to take advantage of them in the lottery, are transparent as well.

      Logan summarizes:

      You have to be in the same block, as the JLRDA TX. The capacity of one block is 255 TX. Higher fees are priorized to get in the block and the JLRDA TX will have a fee of 5 NXT. Thats the information you need to make a decision. But there is no right or wrong. Depends on what other people are doing.

      riker [10:43 PM]

      What happened in practice today was that one account NXT-GJE7-KWDJ-SFWJ-APQ6S tried to game the system by submitting many transactions with 5.2 NXT fee. I’m not sure what was his calculation. What it did is that it delayed the Jelurida transaction to the next block. But we anticipated this in advance and double checked that this does not provide any advantage to anyone.

      bitcoinpaul [3:36 PM]

      what can we learn from that?
      dont bloat the chain with high fees, guys.

      Riker

      It’s a game theory problem; if everyone submits their transactions with 4 NXT fee, and a single guy with 6 NXT, this guy has an advantage. His transaction, the offer, and as many as can fit from the rest will fit in the block.

      If everyone thinks this way and submits their offer with a fee of 6 NXT, all will lose, since their transactions will be included in a block before the sell offer.

      forkedchain [5:33 PM]

      For the latest JLRDA sell offer, there were 4 completely full blocks, each with 233 TXs, and an additional one with 58 TXs. There were 484 unique accounts that sent TXs in those 5 blocks.

      2nd batch:

      logan [9:01 PM]
      dingdingdingding

      vintash [9:08 PM]
      yyyyeeees
      im in!!!!

      mroenne [9:08 PM]
      Finally :sunglasses:

      vintash [9:09 PM]
      yeeeees

      gabriel [9:09 PM]
      YEAAAAAAH

      marenkar [9:10 PM]
      Whoa that’s a lot of people who got in this time.

      peanut [9:12 PM]
      Finally I’m in. I also noticed odd fee sizes, so I used one too just for good luck hehe

      eu58 [9:14 PM]
      I put 4 NXT for the fee and succeeded!

      martis [9:18 PM]
      I put 2 scheduled orders and both were filled. Fee was 4.9. No bot, no API, just used “Ignis token sale” link. Previous rounds were unsuccessful for me. As I reached my limit for buying Ignis, I will not participate in other rounds, so more chance for others.

      forkedchain [9:53 PM]
      I sacrificed a ton of ants just yesterday. ran over a huge ant bed with my mower while cutting grass, AND IT WORKED I GOT SOME JLRDA TODAY!!

      logan [10:54 PM]

      If i use a node with a comparatively bad connection and you use one which is a few milliseconds faster to publish the Offer TX, the chance that my orders will be filled is nearly zero, isnt it? or at least much worse compared to others

      riker [10:55 PM]

      Assuming you did everything else right, the more central and well connected your node is you’ll have better chance.

      If you are the forger, even better, since then you have no latency.

      forkedchain [11:47 PM]

      well, it looks like some of my forging pool members were big winners today – all of a sudden my pools forging power has dropped by 5M.

      My pool forged the golden block again. I wonder if some pool members had set up my pool as a well-known peer, and that’s why they won.

      In lots of my previous attempts, my transaction was in the same block as the SELL, but at an earlier index position in the block. So I didn’t get anything. That means my latency to the forger was really good, but the forger’s latency to the p2p network (network as a whole) whereby that SELL transaction eventually found its way to the forger, was high – its all luck.

      Batch 3:

      jesus [8:54 AM]
      woohhaaaa

      thewiremaster [8:54 AM]
      Go! https://nxtportal.org/monitor/

      josenxt [8:55 AM]
      269 unconfirmed transactions!

      peter2615 [8:56 AM]
      wow… NXT-3CJT-YF6A-VJ5D-DNSWR

      gabriel [8:58 AM]
      LOL, who was complaining about there not begin enough small transactions

      mikevanegan [8:58 AM]
      Booya worth getting up 2am. 295,000 JLRDA

      peter2615 [8:58 AM]
      lol @ NXT-GJE7-KWDJ-SFWJ-APQ6S

      shugo [9:02 AM]
      omg I finally got in, 4.9 fee
      @all with no luck, dont give up (I almost did…)

      vizanto [9:03 AM]
      Your JLRDA balance 47,840 !!!!!!!!
      this was my 3rd try

      yelth [9:07 AM]
      this was my 15th 🙁

      winiusty [12:07 PM]
      Hi guys, I bought while sleeping lol
      strange feeling

      gabriel [3:20 PM]
      only problem is the people who couldn’t get in until now and are frustrated, which is totally understandable, but as time goes by, more and more of these people are getting their orders fulfilled, so it will eventually work out just fine, imo

      yelth [3:22 PM]
      Potentially, but I can just as easily see there as being huge problems with it later on.

      potshot-rsa [3:45 PM]
      I got my IGNIS at 2017/08/09 8:59:12. I’m in South Africa with a 4Mb/s ADSL connection.

      jesus [3:23 PM]

      @yelth, i stopped worrying about it. it´s what it is. every other setup would have been stretched to the limit as well. I can see the jelurida marketing machine start working, that´s my main concern. looking at my ARDR and NXT investment, the ICO is a good thing. if i can´t get in cheap, so be it.

      And so…. 1 batch left of Round 2. Join nxtchat.slack to ask questions and take part in the discussion. And if you wonder what all the fuzz is about – oh man. The IGNIS whitepaper, and all ICO details can be found here.

      These are the stats from the ICO so far:


      Live data from the Nxt blockchain