US Defence Contractor Moog to Integrate Aion’s Blockchain Moog is a manufacturer of control systems for applications in aerospace, defense, industrial and medical devices. Enterprise blockchain company Nuco has announced that it raised an initial $22 million to build the Aion interoperable blockchain network. The company also announced that Moog Inc. (NYSE: MOG.A), a Fortune 1000 company specializing in building parts for the aerospace and defense industries, will integrate Aion “The blockchain landscape is like the railroad system of the 1850’s, when there were multiple switching networks. At some point there had to be a consolidation of gauges so that railroads could use each other’s tracks to reach more customers. That same phenomenon exists today in blockchain. There’s going to need to be a hub. For us, Aion is that hub,” said James Regenor, Director of Transformative Technologies at Moog. “Aion will allow us to move data between the multiple blockchains that could be present in our supply chain. We think this is a very important step, and we’re glad to be participating in it.”.... https://www.financemagnates.com/cryptocurrency/innovation/us-defence-contractor-moog-integrate-aions-blockchain/ |
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IOTA Interview: “Trust Systems Are Absolutely Pivotal” Today IOTA, the digital network designed for the Internet of Things (IoT) has recently seen a massive increase in the value of their cryptocurrency, MIOTA. According to CoinMarketCap, the company has moved from 9th to 4th in largest market cap, displacing long standing 4th place holder Ripple. In order to understand what caused this massive explosion in value, Cointelegraph caught up with Dominik Schiener and David Sønstebø, co-founders at IOTA in order to get their take on what has precipitated recent events. Cointelegraph: The massive rise of MIOTA over the past weeks must have been encouraging. What precipitated the price explosion, in your opinion? IOTA: IOTA has been under intensive development for over two years and has not spent any money on marketing. In this time our focus was on making this next generation distributed ledger technology a reality. In this period we refused exchanges listing IOTA in order to ensure everything was working properly before it went to market. This explains why IOTA is now getting a lot of attention seemingly out of nowhere. People have been following the project for a long time and then they are finally able to enter. The listing in Korea at Coinone coupled with the launch of the Data Marketplace and subsequent media coverage lead to further validation that IOTA is cementing itself as a leading cryptocurrency and distributed ledger protocol. We believe this was the threshold breaking moment for a lot of fence sitters who have been observing IOTA from a distance. CT: What specifically is the recent partnership with Microsoft and Fujitsu all about? IOTA: Microsoft is one of the cloud solution providers with their Azure platform. Fujitsu, Samsung ARTIK, Accenture and many others are participants in the Data Marketplace exploring the concept of trading secure and immutable data on a decentralized ledger. These are the first steps towards an open flow of data in IoT to realize the vision of Big Data. CT: How is your platform Tangle different than traditional Blockchain? IOTA: The short version is that IOTA goes beyond Blockchain in getting rid of fees, scaling limitations and centralization issues. It does this by making validation an intrinsic property of using the protocol. When you issue a transaction in IOTA you also validate two previous ones, which again reference their own two respective transactions and so on, building this Directed Acyclic Graph which we call a Tangle. This means that users are also validators, which allows us to get rid of miners, which again gets rid of the fees and centralization that occurs in Blockchain architecture. Since everyone is validating two transactions for each transaction or data transmission they broadcast to the network, it means that the amount of validations i.e. transactions per second grows together with the activity on the ledger. In short: the more activity, the more validation. CT: How do you see trust systems changing in the future? IOTA: Trusted systems are absolutely pivotal in an age where decisions are automated and can act globally in an instant. We believe that data integrity, which you get for free in IOTA, is a main component of this. Beyond that we are working on IDentity of Things (IDoT) which will make it easier to secure components and develop reputation systems for intrusion detection and malware protection etc. https://cointelegraph.com/news/iota-interview-trust-systems-are-absolutely-pivotal-today |
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Nikkei article on Global Brain's partnership with #OmiseGO and investments into the #Ethereum space https://twitter.com/omise_go/status/939409648066555904Global venture capital (VC) Global Blaine (GB, Shibuya, Tokyo) announced on August 8 that it will launch an investment fund in March 2009 for mediation in the field of "block chains", distributed book technology. Invest with companies in various parts of the world, in partnership with Omise (Thailand), a net payment service that makes use of block chain technology. The amount of investment is expected to be several tens of billion yen, the first fund of Japan originated in Japan that focused on the same field. We also operate an exchange base with research and educational functions jointly and aim to become an international platform supporting related business......... https://www.nikkei.com/article/DGXMZO24428340Y7A201C1000000/ |
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City of ZionFollow Weekly Reports | City of Zion (CoZ) is an independent, international group of open source developers working on NEO blockchain. Dec 9 Coopetition: A New Approach to Decentralization authors: Fábio C. Canesin, Ethan Fast, Malcolm Lerider, Tyler B. Adams Currently, several high profile blockchain projects are researching and implementing economic incentives for Proof of Stake models. City of Zion wishes these projects the best, and shares the vision that many trust issues can be solved through clever computation. However, we believe there is still too much aggregation in this approach. In the economics of PoS and PoW, difficulty, fees, and rewards are parameters that model network properties such as mining cost, congestion, or user interest in acquiring tokens. But the true values of such network properties are the result of hundreds of second order interactions, such as customs taxation or access to markets. The majority of these second order interactions happen off-chain, and never flow back to the chain in any computable way. As a result, such interactions create opportunities for leverage that some individuals or groups can exploit for their benefit. For example, did Satoshi envision that BTC security would be dominated by energy price distribution and ASIC manufacturing? Did Ethereum envision that it would be affected by GPU supply chain? How can on-chain computation ever reason about these influences? In practice, players who exploit this leverage off-chain can construct on-chain oligopolies. For example, Bitmain has early access to ASIC tech, ensuring enormous power for itself on the Bitcoin network. Further, today if you can compromise four domains concurrently, you can do serious damage to any blockchain network, including all of the large or “safe” ones. This is something that any state-level power has resources to conduct. Bitcoin (left) and Ethereum (right) hashrates distribution, 12/04/2017. NEO uses a variant of PBFT where nodes are elected by token holders. This approach to consensus has been criticized as too centralized, as it is usually employed in private chains such as hyperledger deployments. While the NEO council will continue to fund research and improvements to consensus, we see that as an opportunity to try a new, promising approach for decentralizing public blockchains. We believe that achieving decentralization by economic incentives for nodes has fundamental problems, and leads to network improvements being stalled and prevented if they would result in less financial gain for the nodes. Users and developers are forced into an environment where transaction fees are kept high by design, significantly limiting their ability to build profitable decentralized applications. We propose that coopetition in a confederation of nodes is a better approach. Coopetition is the logic behind industrial open source and several energy industry consortiums. It is a setup where businesses who would otherwise be competitors cooperate in a shared project. Through such cooperation, they can develop platforms and technologies that radically change how services are delivered, increasing the total market reach significantly. In line with these ideas, NEO will begin its decentralization by allowing well known commercial projects and communities to run consensus nodes, forming an initial confederation of actors with a strong interest in guaranteeing the security and success of the network. While it might seem counterintuitive, this architecture will be less centralized than many other networks today. Through coopetition, we can ensure that all players are equal in the network by design. Their power won’t depend on how much money they have, or how cheap their electricity may be. All nominees for consensus nodes will go through a rigorous identification process before being voted in on MainNet. This process includes providing identification that can hold the owners of the consensus node host legally liable. Each node requires exactly two managing legal entities (individuals or institutions) that will be responsible for their maintenance and patching. There will also be a requirement to provide contact availability to ensure that time-critical events can be handled if they arise. Decentralization of TestNet will begin with the City of Zion and include several other parties that will be revealed in the future. Parties that demonstrate they can maintain consensus nodes with outstanding uptime and performance will be voted in as initial MainNet consensus nodes after identification process is complete. When all initial 7 consensus nodes are run by 7 different entities, then the NEO voting process will begin, where more nodes could be added to increase failure tolerance of the network. At CoZ we believe that candidates for new nodes should be approved by current nodes before being voted in: the exact setup for this will depend on simulations and how the network behaves in the next months. These nodes will be run by people of different nationalities using different service providers in different countries and under different operating systems. This means that no jurisdiction, service provider or software flaw can affect the failure limit of the network. Like everything that CoZ does, this will be documented as a contribution to the community: we will define standards and refine recommendations on how to setup secure nodes. CoZ nodes are expected to be online on TestNet in the next week and if successful be deployed to MainNet by Christmas, our gift to NEO community. Best regards, — CoZ Council https://medium.com/proof-of-working/decentralization-from-coopetition-b10d7ce3b9d |
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CarrIOTA Nelson: Automatic peer discovery for IOTA One of the things we were working on for CarrIOTA is a way to automatically discover IOTA neighbour nodes, but minimising the associated risks of Eclipse or Uncooperative-Node attacks. Why? Let’s face it, the number one concern in the crypto-community regarding IOTA is the coordinator. Many are skeptical that the tangle will be able to grow big enough to turn the coordinator off. The more full nodes are running, the stronger the network becomes, the faster the coordinator will be turned off. However, right now, running your own full node is very unhandy. Besides of starting it on command line, you have to manually manage the neighbour nodes you want to connect to. It is a huge barrier for the network growth.......... https://medium.com/deviota/carriota-nelson-automatic-peer-discovery-for-iota-bdca9b8b8750 |
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Three things to consider when choosing a blockchain for your project — or why Veris chose NEO. .........Bitcoin handles this through a UACOMMENT function on the client miners are using to signal support for software updates. As demonstrated by the speculation around prospective Bitcoin forks over the past year, this method is not particularly effective. Ethereum utilizes the Ethereum Foundation to manage this process — though it is important to note that there is no signalling/voting mechanism in place similar to Bitcoin. Ultimately, we determined that none of the existing solutions adequately meet our governance needs. What we do feel is that the NEO design of splitting coins from network fees is a foundation on which we can develop a voting system to handle governance. Interestingly enough, one of the chains developed to specifically address blockchain governance, Tezos, has experienced some of the worst governance problems in the blockchain space. Community When we use the term community we are essentially evaluating what traction the chain has in the mind-share of developers — which should thus increase the availability of developers. Bitcoin is the oldest and has arguably the strongest, most entrenched community, whereas the Ethereum community may be the largest and is growing the quickest. Cryptonote, IOTA, and NEO all had much smaller communities in the spring of 2017. Since then, both IOTA and NEO have had exceptional community growth. Particularly NEO with their City of Zion group of independent developers. With these three criteria in mind we chose NEO. Note that this write up is certainly not exhaustive, and I’m certain we are missing chains as well as capabilities of the chains listed in this article that supporters feel better support our use case. The purpose of this was to walk through how one firm worked through the evaluation process. Ultimately, different chains are better fits for different use cases — for ours, NEO is the best fit. https://medium.com/verisfoundation/three-things-to-consider-when-choosing-a-blockchain-for-your-project-or-why-veris-chose-neo-b4483135c382 |
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New Digital Assets on the Block: Ten New Digital Assets for DAA Managers to Choose From Over the past few weeks we’ve been continuously adding new DAA managers to the platform. Because we want to provide our managers and the community with a wide range of options, in addition to the forty-eight digital assets already offered on the platform, there are now ten new digital assets to choose from! This will provide DAA managers even more flexibility and possibilities for increasing diversification. Most importantly, we are very excited to announce that ICN will now be supported for Digital Asset Arrays. https://medium.com/iconominet/new-digital-assets-on-the-block-ten-new-digital-assets-for-daa-managers-to-choose-from-6f9c89ac8a74 |
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World's First Cryptocurrency POS Device Appears At FinTech Connect Live 2017 - Pundi X Showcases Its POS Solution To Make Bitcoin And Other Cryptocurrencies Available To The Vast "Unbanked" Population Date 06/12/2017 Pundi X, a cryptocurrency point-of-sale ("POS") solutions provider for retail stores, is making its debut appearance in Europe at the 2017 FinTech Connect Live Expo, where it will showcase its Pundi X POS device on booth P49 from December 6-7. Retail stores seeking to accept cryptocurrencies are able to offer their customers a smooth transaction experience via the Pundi X POS device. Connected to the Bitcoin, Ethereum, NEM, and QTUM blockchains, the Pundi X POS device will enable consumers to easily buy or sell cryptocurrencies using fiat money (USD, EUR, GBP, etc.), bank card, mobile wallet or with an NFC-enabled Pundi X Pass. Pundi X aims to empower blockchain developers, trading platforms, crypto traders and token holders to buy, sell and spend cryptocurrency on products or services at any physical store in the world. Making its European debut at the 2017 FinTech Connect Live Expo, Pundi X is looking for industry partners to explore and develop on the Pundi X platform and for potential retail partners to install its pilot POS devices in their stores. Pundi X successfully closed its pre-sale ICO in November, during which the company raised a total of 10,511 ETH, 622 BTC and 527,442 XEM and 50,000 QTM- equivalent to 12 million US Dollars - from 1,125 investors. The full public Initial Coin Offering (ICO) will commence on January 21, 2018. http://www.mondovisione.com/media-and-resources/news/worlds-first-cryptocurrency-pos-device-appears-at-fintech-connect-live-2017-p/ |
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Monero Developers Aim to Reduce Transaction Size by 80% or More MONERO TRANSACTION SIZE NEEDS TO BE ADDRESSED In the world of cryptocurrency, very few people actually wonder how large their individual transactions are on the network. The answer would surprise a lot of people, as one would think there isn’t much data involved in sending money across a blockchain. As it happens, the reality is very different. That’s especially true in the world of Monero, where the anonymity and privacy offered by the network come at the cost of larger transaction sizes. To put this into perspective, a single output transaction on the Monero blockchain is 6 kilobytes in size. That may not seem like much, but one has to keep in mind the average Bitcoin transaction size is around 250 bytes, give or take. This means every transaction conducted in XMR is over 20 times the size of a Bitcoin transfer. From a long-term perspective, this vast size difference is not manageable, and something will need to change sooner or later. While it is true the Monero ecosystem has a dynamic block size to ensure this doesn’t become a big problem anytime soon, the developers are actively looking for ways to improve upon things before the situation gets out of hand. The new solution goes by the name of multi-output bulletproofs. It is a solution currently being researched and developed by the Monero Research Lab, and it currently exists in a Java version only. There will be a C++ version as well, but it will only support single output BulletProof transactions at first. What makes this concept so interesting is that it can effectively reduce the size of a single output transaction to 704 bytes. Compared to the current 6 kilobytes, that is a reduction of over 80%. For double output transactions, the size would be reduced from 12 kilobytes to under 800 bytes. No one can deny this would certainly make things a lot more convenient for all Monero users, as the current massive transaction size will hinder the growth of this ecosystem moving forward. When exactly this BulletProof implementation will come to Monero remains to be seen. For now, it is tentatively scheduled for the September 2018 hard fork, but the team wants to ensure this concept goes through rigorous testing first. There is little point in releasing a half-baked solution, especially when it is one that is vital to the Monero ecosystem. There is more exciting news to report in the Monero world. Monero’s multisignature implementation is still being tested, and Surae Noether is reviewing this technology as we speak. Guides have surfaced for setting up 2-of-2 and 2-of-3 Monero multisignature accounts already, but it will be good to see the results of this peer review. It will be an interesting year for Monero in 2018, as a lot of good features and projects will be finalized in the next twelve months. https://themerkle.com/monero-developers-seek-to-reduce-transaction-size-by-80-or-more/ |
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NEO versus Ethereum: Why NEO might be 2018’s strongest cryptocurrency https://medium.com/@noamlevenson/neo-versus-ethereum-why-neo-might-be-2018s-strongest-cryptocurrency-79956138bea3Overview of Ethereum and Neo While both Neo and Ethereum have generalized blockchains that provide a toolbox for would be developers, their objectives differ. I would summarize each platform’s objectives as such: Ethereum’s goal is to create a platform for the development of DApps in order to create a “more globally accessible, more free, and more trustworthy Internet:” an internet 3.0. NEO is a blockchain project “that utilizes blockchain technology and digital identity to digitize assets, to automate the management of digital assets using smart contracts, and to realize a “smart economy” with a distributed network.” That’s a mouthful. Let’s breakdown these objectives to fully understand the projects. It’s important to understand that both platforms share many of the same capabilities, but the distinction in their branded objectives is very important. Ethereum: Ethereum’s goal is to be the platform for DApps and they are largely accomplishing this. They own the DApp market right now. Their roadmap is all about giving users and developers more control and more options in developing their applications. NEO: NEO is working towards developing a product for the future. It not only rebranded from Antshares to NEO in June of 2017, but they refocused their marketing as well — with enormous success. Neo’s objective, while ultimately utilizing many of the same technologies as Ethereum, is to be the platform for a new smart economy. In short: Ethereum is developing in response to new demands. NEO is developing their platform in anticipation of future demands............... |
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