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

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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)

Seller: ARDOR-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.

https://twitter.com/m4kstep/status/961686900917579776

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.

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