Hi everyone. We have been updating about our project for a while now in the Project Development section
here. With the recent release of our
whitepaper we thought it might be a good time to inform altcoin enthusiasts here as well about the Internet of Coins. This project started in June 2014 with the introduction of our first
Hybrid Asset.
WHAT The Internet of Coins aims to create a decentralized, self-sustaining economy by implementing intersystemic connectivity. Not through centralized exchanges, nor federated partnerships, or multigateways, but sustained by a hybrid P2P meta-network to leverage each of its participant's strength in numbers. Our dream is to integrate all coins into an interconnected and financially liquid nervous system.
WHY Our goal is to make every cryptocurrency autonomously part of a large swarm of decentralized economic activity. We want to do this by enabling every cryptocurrency user to create hybrid assets that interconnect value systems and blockchains. We believe there are also some useless cloned coins and assets out there, however, we see a numerous amount of innovations with valuable technology worth saving from abandonment. This provides users with an easy to use way of transferring value, while providing businesses with a backend solution for accepting multiple currencies.
HOW The parallel network will be run by anyone that uses the hybridd daemon. Being an allocator and part of the network is rewarded through network fees. Existing wallets and technologies need no changes or adaptations at all to have their blockchains and value systems hooked into this decentralized network. The current developments in cryptocurrencies are brimming with creativity, and we would like to see this continue in parallel, without imposing any limits. Please read our
whitepaper for more details.
Public appearances:-
Bitcoinference Amsterdam Summer 2014, the Netherlands
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Ethereum & Bitcoin meetups Amsterdam, the Netherlands
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Bitcoin Wednesday meetups Amsterdam, the Netherlands
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'Biljetten en bitcoins', Utrecht, the Netherlands
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Bitcoin 2 Business, Brussels, Belgium
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Bitcoin meetup Gent, Belgium
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Arnhem Bitcoin City, the Netherlands
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Crypto Money Expo, international
Upcoming visits:-
Bitcoinference Amsterdam 2015, The Netherlands
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Virtual Bitcoin Expo, international
The team:We are
Joachim de Koning,
Robert de Groot,
Jelle Herold,
Amadeus de Koning and Moniek Spoor. You can read more about us on the
Team page.
Current developments:We started in the beginning of the summer of 2014. A working prototype,
Hybrid Assets has been online with a prototype asset 'Stormwind' since June 2014.
Our website came online at the end of August 2014. It is our main communication channel where we talk about the project in our blogs. You can also converse with us via
Twitter.
From August onwards, we started spreading news about the project at conferences and began talks with initial investors. November 1st 2014, we released a
press release announcing an investment and development partnership from
Bitalo. On the 6th birthday of the blockchain, January 3rd 2015, we released our whitepaper and became the first officially supported project of the
Dutch Bitcoin Embassy.
Where can I find the whitepaper?You can
download it directly from the homepage on our website.
Can I personally invest?No. We are currently in the pre-launch phase, where we prefer to work with entrepreneurs and companies that are willing to pioneer with us and can bear risk. If you are an entrepreneur or investor, feel free to contact us. We do not want any user to bet his wage on the financial risks of a newly established project, but aim for an evolutionary growth. Bitalo was the first company to take this step. When we have secured enough pre-launch capital to ensure continuous development, the hybrid assets used to bootstrap the system will be made publicly available.
What sets you apart from other projects?By being a distributed autonomous organisation, instead of a foundation or corporation, we want to ensure the impartial evolution of this project. In our project there is no discrimination. Any cryptocurrency, or even ledgerless digicash technology, can be hooked into the Internet of Coins in order for an open market to develop. We avoid blockchain bloat by utilizing a parallel P2P communications network. The system does not require the existing technology behind a blockchain to be adapted or updated. Our approach is modular and aims at setting solid standards in the cryptosphere on which next generation financial solutions can be built. We are building a technology for participants in the cryptosphere to use on their own. This is a system which is open source and can be used as a transaction tool by any company or person, either directly or as a backend solution. We do not earn fees from users of this system.
A while back we shared our vision in an
article on Cointelegraph.
We don't have a large mediabudget, but you can find some media mentions in the 'Acknowledgements' section on our website.
The whitepaper announcement has also been posted to
Reddit.
Feel free to ask questions!
