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Internet of Coins Update #13 - Send in the clowns

11 May 2017 / admin

Internet of Coins Update #13 - Send in the clowns

Dear cryptocurrency enthusiast,

We thank you for your interest in our project, and all who already participated in our crowdfund. You are receiving this e-mail because you have either signed up for the Internet of Coins e-mail updates, participated in the crowdfund or have previously been in touch with one of our team members.

Creative endeavours

Over the weekend our signup form was subjected to a hacking spree and received free penetration testing. Around nine hundred attempts were made to compromise the signup form, by injecting scripting commands and URL-crafting. However, ultimately it did not appear to have impacted our systems at all, thanks to best practices in handling user input. As always with the Internet of Coins project, we strive for a robust infrastructure that precludes the possibility to take advantage of it in mischievous ways.

Developments under way

Since passing the minimum viable goal for our project last week, code development has been starting up. Momentarily several of our developers are busy documenting standards and sorting out the various connectivity options for network transports, as well as making sense of the convoluted bitcoin and altcoin protocols, in order to implement deterministic transactions. As you may know, threats continue to arise for the fragile cryptocurrency sector. In all our developments, we strive to create future-proof architecture that will safeguard and respect the fundamental liberties of our supporters.

The release of the tokens

There have been questions regarding where the HYBRID tokens are 'visible' and how donators can know where their tokens are stored. Since Internet of Coins represents a completely novel kind of cryptocurrency development, although we will build on earlier achievements, the infrastructure to carry our tokens will be developed using the (crypto)currency that our supporters donate. At the present moment, this means your registration information is your ticket for our Fundraiser. This means your PIN, the TXID of your donation, screenshots of transactions and confirmation, or the confirmation email. When enough of the network infrastructure is ready, each donor will then be given an account on the newly developed system, that will hold the amount of HYBRID tokens reserved according to the USD value of the donation at the time of participating. In the course of development, the network will be connected to different coins and token systems, starting with those included in the fundraiser.

Transparency of our fundraiser

You can check any of the blockchains listed on our terms page, to verify that the donated cryptocurrency will only be spent on project development, starting after the fundraiser period. We are proud to be part of an alliance with the Commons Conservancy under the reputable NLnet foundation, an official charity under Dutch rule of law, which guarantees that we cannot use these funds except for the purpose of developing the Internet of Coins.

HYBRID pricing schedule

The next price per unit increase for HYBRID is scheduled to happen on the 19th of May. Until that time the PPU value will be 1.45 USD, and after that it will increase to 1.65 USD when issued. Check our terms page for the authoritative schedule.

How to participate?

If you want to ask the team any questions, regarding the project, in general or about our fundraiser, please use one of these ways to do so:

Twitter: ask your question and mention @InternetOfCoins
Log on to the chatpage on our website: https://internetofcoins.org/chat
Via email: info@internetofcoins.org

Or check out our Crowdfund Tutorial if you want to know how to participate with cryptocurrencies.

If you haven't received a mailing from us earlier and are new to the project, you can read up on previously published articles on our blog, join the Bitcointalk forum threads or our project website, especially the terms page for our roadmap and legal information. Or watch one of the presentations we have held at various conferences.

Ways to support

Like the project? You can help us out by giving it a Star with your Twitter account on Cyber Fund. You can also follow and retweet us at @internetofcoins to spread the word further. Want to be added to our Slack channel? Just reply to this mail with your request and we'll send you an invite. Once added, you can invite others as well.

Thank you for taking the time to read our updates, we'll be in touch again soon with our next newsletter!

Yours sincerely, Amadeus, George, Jelle, Joachim, Maria, Marjon, Matthias, Pim, Robert, Sergey and Steffen

Newsletter 12 - First funding goal achieved 300000 hybrids issued

04 May 2017 / admin

Internet of Coins Update #12 - First funding goal achieved: 300,000 hybrids issued!

Dear cryptocurrency enthusiast,

We thank you for your interest in our project, and all who already participated in our crowdfund. You are receiving this e-mail because you have either signed up for the Internet of Coins e-mail updates, participated in the crowdfund or have previously been in touch with one of our team members. For a quick introduction or reminder, take a look at the project presentations on our YouTube channel.
 

We've reached our first project viability milestone!

Thanks to YOU, our dear community, we passed the 300,000 HYBRIDs issued this week! This means development can start and the project will be supported for the coming years, allowing us to deliver the basic infrastructure and innovation that we have planned in our roadmap. Of course, we hope that donations will keep on going until the close of our crowdfund period, so we can deliver with more speed and set out additional bounties for other talented people to help out.
 

Campaign & Code development

After a more quiet period on the PR front, in the past week, we have been involved in intense negotiations with various firms in the field of fintech publicity and marketing, to increase the reach of our campaign in its second half. Some of our developers have started cleaning and reviewing the current code base and formalising protocols to extend the functionality of the system in the decentralised direction.
 

Price increase

The next price per unit increase for HYBRID is scheduled to happen on the 9th of May. Until that time the PPU value will be 1.25, and after that it will increase to 1.45.
 

How to participate?

If you want to ask the team any questions, regarding the project, in general or about our fundraiser, please use one of these ways to do so:

Twitter: ask your question and mention @InternetOfCoins
Via email: info@internetofcoins.org

Or check out our Crowdfund Tutorial if you want to know how to participate with cryptocurrencies.

If you haven't received a mailing from us earlier and are new to the project, you can read up on previously published articles on our blog, join the Bitcointalk forum threads or our project website, especially the terms page for our roadmap and legal information. Or watch one of the presentations we have held at various conferences.


Ways to support

Like the project? You can help us out by giving it a Star with your Twitter account on Cyber Fund. You can also follow and retweet us at @internetofcoins to spread the word further. Want to be added to our Slack channel? Just reply to this mail with your request and we'll add you.

Thank you for taking the time to read our updates, we'll be in touch again soon with our next newsletter!

Yours sincerely, Amadeus, George, Jelle, Joachim, Maria, Marjon, Matthias, Pim, Robert, Sergey and Steffen

Internet of Coins to Ensure Robust Safety Arrangements

24 Mar 2017 / Dotrego

Internet of Coins to Ensure Robust Safety Arrangements 

Internet of Coins (IoC) is a platform which allows you to trade digital assets and currencies peer to peer, with an easy to use interface and the opportunity to earn fees from each other by participating in the network.

Most important concern for the platform is how to provide the best service possible in the most secure and safe way. A proper security model is the need of the hour as security concerns are one of the major issues hounding the modern internet.

No traffic is safe from being snooped upon today and simply using HTTPS is a halfway measure, which provides insufficient security for users, due to its top-down certificate model. High profile breaches like the‚Ä®Diginotar hack have already made their case against only employing HTTPS security.

Internet of Coins employs a robust, best of breed security technology in the form of something they call upsilon channels. Specifically, the NACL encryption libraries implemented in IoC use multiple tunnels of public and private key cryptography to encrypt and to protect the financial data of the users of the Internet of Coins.

So the cryptography of the Internet of Coins project already provides multiple layers of security. However, this is in addition to the distribution of datastreams over alternative decentralized networks such as TOR and I2P. These systems enable the usage of data packets that will flow through the network completely encrypted and sealed in multiple layers until they arrive at their intended destination.

The code of Internet of Coins runs only in a few hundred kilobytes of libraries. The footprint of this design is small, compressed and is able to run inside the web browser.

A light footprint also allows for the users to use cryptocurrencies, smart contracts and hybrid assets with more flexibility. In this way they get the freedom to use them in any way they want to from one coherent environment.

The Internet of Coins team is dedicated to provide a platform that not just acts as ‘a coherent whole out of the decentralized economy initiatives’, but is also extremely secure. Internet of Coins has employed the best safety measures in order to make the environment trustworthy and secure for everybody.

Internet of Coins to Create a Trustless Environment

24 Mar 2017 / Dotrego

Internet of Coins to Create a Trustless Environment

The basic idea underlying the entire venture called Internet of Coins is to eliminate blind trusts on third parties for the security of your value transfer. The idea is to get rid of any centralized exchange, federated partnership, or multi-gateway that makes transactions expensive.

Internet of Coins aims to create a decentralized, self-sustaining economy by implementing inter-blockchain connectivity which is sustained by a hybrid P2P meta-network to leverage each of its participant’s strength in numbers.

The idea which was conceived during the summer of 2014 was basically to create a trustless environment in which the security of your value transfer is not dependent on the assumption that you are to trust the person on the other side of the network willing to trade.

Further, it is the platform’s dream to integrate all coins into an interconnected and financially liquid nervous system. Existing wallets will not require any tinkering or adaptations to have their blockchains and value systems hooked into this decentralized network.

It is not their intention to impose any limits on the creativity which is overflowing in the current developments in cryptocurrencies. Rather, they would like to see it continue in parallel without any restrictions. And they would definitely like to save countless innovations with valuable technology from abandonment.

Internet of Coins plans to bring all of this into action by enabling every cryptocurrency user to create hybrid assets that interconnect value systems and blockchains.

Internet of Coins, though, looking to create a trustless environment, is trustworthy itself. They are currently under assessment by rating agencies Smith & Crown and ICOrating. Internet of Coins is already listed at Cyber Fund. Through their cooperation with established escrow partner NLnet, they aim to provide a solid basis for long-term continuity.

Internet of Coins to Create a Coherent Whole out of the decentralized Economy Initiatives

24 Mar 2017 / Dotrego

Internet of Coins to Create a Coherent Whole out of the decentralized Economy Initiatives

With the recent launch of hybrid tokens, Internet of Coins has moved one step closer to its vision of creating an environment that brings all the innovations and creative experiments in the blockchain and crypto space together.

Hybridd is the implementation of the groundwork for this system. It is an interconnectivity platform with a node-to-node system. It forms a web, featuring the ability to connect value systems and synchronize ingoing and outgoing data flows by way of a scalable data chain; an innovation that they call the weavechain.

Nothing akin to Hybrid has been attempted before in the blockchain space and will definitely be the harbinger of many new cross- blockchain ideas and experiments. Hybrid is a unique token as it interconnects value systems and blockchain across markets.

Moreover, Hybrid functions as a diversification portfolio of multiple blockchain technologies, and spreads risk of failure of any one of these systems. At the same time it facilitates decentralized trade on all the underlying platforms and has a focus on creating liquidity.

Hybrid does not require any update in the existing crypto source code for the transfer of value between ledger systems. Through Hybrid, Internet of Coins wants to let every cryptocurrency autonomously become part of a massive swarm of decentralized global financial interaction.

Joachim de Koning, Founder of Internet of Coins has been quoted saying, “Our goal is to create a coherent whole out of the decentralized economy initiatives we see today. There are more than a few decentralized exchange initiatives out there that we are bonding together to form a decentralized financial web.”

Internet of Coins is looking to push the envelope with this initiative. The not for profit organization wants to make the blockchain technology, crypto tokens and deterministic transactions accessible to everyone. They want the access to personal finance as easy and simple as sending an e- mail!



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