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Internet of Coins Announces the Launch of Hybrid Asset on Multiple Blockchains

24 Mar 2017 / Dotrego

Internet of Coins Announces the Launch of Hybrid Asset on Multiple Blockchains

Internet of Coins has announced the launch of “Hybrid Asset”, an inter-systemic, cross blockchain token. The crowdfund for the project goes live on March 21, 2017.

Internet of Coins is a not for profit initiative created to maintain decentralization of cryptocurrency infrastructure by allowing cross-compatibility of digital assets between blockchains. The organization aims to enable the free and unlimited exchange of value among blockchain-based systems and other financial systems.

The asset, which is currently under development, enables transfer of value between ledger systems without needing any update or adaptation of the existing cryptocurrency source code.

Since the launch of their whitepaper in 2014, the development team has been consistently at work on the project code. Coinstorm, the project’s launch campaign was recently announced by the team. Through Coinstorm, Internet of Coins is encouraging a revolutionary collaboration among cryptocurrency enthusiasts to further decentralize the alternative economy scene.

Internet of Coins has also announced an upcoming Internet of Coins crowdfund round on March 21, 2017. The platform has early bird options in place for donators stepping in early during the crowdfund. More details about it can be availed by contacting the organization via the website.

Joachim de Koning, the founder of Internet of Coins said about the project’s aim, “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.”

The hybrid asset functions as a dynamic portfolio, spreading the risk from holding value on a single blockchain to storing it on multiple chains. Designed with a strong meta-level approach, the hybrid asset offers safety from cryptocurrency volatility and blockchain failures by providing a new vehicle for value storage.

The founders of Internet of Coins expect the hybrid asset distribution to lead to an increase in liquidity on decentralized exchanges while ensuring interconnectivity between different cryptocurrency systems with their own values and beliefs about what decentralized value is and how it should work.

Regarding the aim of Internet of Coins, the co-founder Robert de Groot adds, “With this system, we aim to make everyone an exchange, to take away the risks of trusting a centralized third party and to connect alternative economies across geographical borders. Exchanging value should become as easy as swapping files; we aim for Internet of Coins to become the Bittorrent of cryptocurrencies and asset systems.”

Combining Technologies the Hybrid Way

24 Mar 2017 / Dotrego

Combining Technologies the Hybrid Way

Internet of Coins is geared to being such an environment, and its development has been underway for some time now.

The blockchain and cryptocurrency scene is hot right now. It looks like everyone wants a piece of it, and there are a plethora of new experiments and technologies popping up all over the scene.

Some people have only just discovered Bitcoin, its possibilities and potential applications. Other people have gone further to explore technologies like Bitshares, CounterParty or Waves and have been playing with the various token systems and smart contracts that are available on these platforms.

There are initiatives to make blockchain technology easier to use. These take the form of online wallets and block explorers, while going deeper one finds entire contract compilation systems implemented into easy-to-use websites. Enthousiastic users of cryptocurrency are also trying out decentralized exchanges like EtherDelta, the NXT Asset Exchange, or playing around with Mosaics on the New Economy Movement platform.

However, in all the activity and clamour, users are still pining for an environment that brings all these initiatives together in an understandable and secure way. Internet of Coins (IoC) want to create this place without a for-profit motive, guaranteeing objectivity, equality and freedom of development and use of all the novel peer-to-peer financial technologies. They also want it to be an environment that people with no technological experience can use, and feel comfortable with.

Internet of Coins is geared to being such an environment, and its development has been underway for some time now. The foundations for a decentralized financial web have been set down at its core, and its mission and objective is to make sure all the different platforms, ecosystems and technologies that are out there become accessible to anyone and everyone.

To boost development of its easy-to-use hybrid asset technology, and make it available sooner, Internet of Coins is organizing a crowdfund to ensure further integration of blockchain finance technologies. As a perk to invite people to start using the environment they are giving out hybrid tokens that run on multiple blockchains simultaneously, merging their innovations and technological power.

Hybrid is a unique token, as it 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. This kind of experiment has not been done before in the blockchain arena, and is sure to bring about new cross-blockchain ideas and experiments.

So where is this all going? They are sailing for a new horizon, where anyone can use blockchain technology, crypto tokens and deterministic transactions, without having to explicitly think about how to do it. Using advanced distributed ledger technology should be available for everyone, whether it’s you, me, your parents or grandparents. It should be as easy as sending an e-mail. And seeing the developments at Internet of Coins, that’s where it looks to be going.

Combining Technologies the IoC Way

23 Feb 2017 / Dotrego

The blockchain and cryptocurrency scene is hot right now. It looks like everyone wants a piece of it, and there are a plethora of new experiments and technologies popping up all over the scene. Some people have only just discovered Bitcoin, its possibilities and potential applications. Other people have gone further to explore technologies like Bitshares, CounterParty or Waves and have been playing with the various token systems and smart contracts that are available on these platforms.

There are initiatives to make blockchain technology easier to use. These take the form of online wallets and block explorers, while going deeper one finds entire contract compilation systems implemented into easy-to-use websites. Enthousiastic users of cryptocurrency are also trying out decentralized exchanges like EtherDelta, the NXT Asset Exchange, or playing around with Mosaics on the New Economy Movement platform.

However, in all the activity and clamour, users are still pining for an environment that brings all these initiatives together in an understandable and secure way. Internet of Coins (IoC) want to create this place without a for-profit motive, guaranteeing objectivity, equality and freedom of development and use of all the novel peer-to-peer financial technologies. They also want it to be an environment that people with no technological experience can use, and feel comfortable with.

Internet of Coins is geared to being such an environment, and its development has been underway for some time now. The foundations for a decentralized financial web have been set down at its core, and its mission and objective is to make sure all the different platforms, ecosystems and technologies that are out there become accessible to anyone and everyone.

To boost development of its easy-to-use hybrid asset technology, and make it available sooner, Internet of Coins is organizing a crowdfund to ensure further integration of blockchain finance technologies. As a perk to invite people to start using the environment they are giving out hybrid tokens that run on multiple blockchains simultaneously, merging their innovations and technological power.

Hybrid is a unique token, as it 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. This kind of experiment has not been done before in the blockchain arena, and is sure to bring about new cross-blockchain ideas and experiments.

So where is this all going? They are sailing for a new horizon, where anyone can use blockchain technology, crypto tokens and deterministic transactions, without having to explicitly think about how to do it. Using advanced distributed ledger technology should be available for everyone, whether it's you, me, your parents or grandparents. It should be as easy as sending an e-mail. And seeing the developments at Internet of Coins, that's where it looks to be going.

Internet of Coins: Project Update #3: Freedom

23 Feb 2017 / Dotrego

Aside from our email updates, from time to time we will place an update on the weblog here as well. Not on our mailinglist yet? Be sure to leave your contact details and be the first to know about our development and campaign updates.


 Welcome!

If this is your first e-mail update, you can always read the previous ones at our weblog. And remember: the fundraiser starts March 21st. We send these updates once per week.


 Topic of this week: foundation goals

Someone recently asked us why we were actually pursuing an initiative in fintech, as the market is booming and new startups with global ideas arise every week. Here´s actually the thing: we don´t consider Internet of Coins a financial venture.
Granted, with building a connection between different value systems for asset management we are facilitating the use of financial networks. But it is the technological advancement in personal freedom we are aiming for. The freedom to use any cryptocurrency or asset you like, the freedom to issue your own assets, and the freedom of not having to worry about a centralized third party holding your valuables. We call this social tech. Which is why we are working with a Greenpeace hackathon winner, a Free Press Unlimited developer, a public administrator, open-source hardliners and a development worker on the team. We want to keep our eyes fixed on our goal, which is in the line of ethics and not profits.


 Development evolution

This afternoon we had a session with Hans Schaaij, coordinator of a Dutch initiative to build self-sustainable ecovillages. The residents of these ecovillages are the first group of users to test the routing and allocation of our network. After these tests, we will scale up testing by inviting community developers for a public alpha. One of the first lessons Hans gave us: provide big icons in the mobile UI for the elderly. Making things easier is very much about being inclusive. That's what we won't forget Hans :-)


 Campaign growth

Our site is now available in Dutch and German!
Next week, we are presenting the project at the Dutch event Bitcoin Wednesday. If you are around, we welcome you to have a chat with us. At Bitcointalk we also held a banner contest, the results of which you may find among different news outlets. We thank all participants for their creativity.


 Latest publications

Joachim recently touched upon the inner workings of the hybrid token system in a recent article picked up by NewsBTC. Currently we write multiple articles every week to showcase all the aspects of the system before the crowdfund starts. Still, if anything about the project is unclear, just ask. We aim for transparency.


 Ways to support

Like the project? You can help out by giving it a *Star* through your Twitter account on Cyber Fund. If you have a suggestion for a blockchain event where we really should be, drop us an email and we´ll try to come by.


Thank you for taking the time to read our updates,
we´ll be in touch again next week!


Yours sincerely,

The team behind Internet of Coins - Amadeus, George, Jelle, Joachim, Marjon, Matthias, Pim, Robert, Sergey and Steffen

 

Internet of Coins: Project Update #2: Trust, languages and wallets

16 Feb 2017 / Dotrego

 Welcome!

If this is your first e-mail update, you can always read the previous ones at our weblog. And remember: the fundraiser starts March 21st. We send these updates once per week.


 Topic of this week: trust

With Internet of Coins (IoC) we aim 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. However, the fundraiser, which we are organizing to scale this project, does require trust. And for that, you sometimes may like a third party to review your options. Which is why we are currently under assessment by rating agencies Smith & Crown and ICOrating. Internet of Coins is are already listed at Cyber Fund. Through our cooperation with established escrow partner NLnet, we aim to provide a solid basis for long-term continuity. Their 20-year experience as an organisation supporting open-source initiatives has been a great help. But of course don´t believe just us; perform your own critical assessment. Especially before participating in any crowdfund.


 Development evolution

Our alphatest is almost ready for deployment. Amadeus has worked hard to build the interface for the hardware wallets we are providing to the testers; mainstream users who have asked for a pilot to use cryptocurrencies as a replacement for fiat currency within their community. We have had some requests for a Slack channel, and will set up one to keep in touch with the development community. We usually steer clear of proprietary software, but in this case we´ll make an exception ;-)


 Campaign growth

We are multilingual! A team of community translators joined us from Bitcointalk.org who are now translating all our announcements to Chinese, Dutch, German, French, Greek, Indonesian, Italian, Japanese, Polish, Portuguese, Russian and Spanish. Including these e-mail updates, so you can always find one in a language of your choice on the boards. Site translations are in the works, expect to see new language options next week. We will also start recruiting some social media ambassadors.


 Latest publications

Tatiana Moroz from CryptoMediaHub interviewed Joachim on her show about Internet of Coins. It is a very good introduction to what the network has to offer and what technologies we are using. You can view the interview here.

Currently we are also working on the Funding Terms, to make sure they are available for everyone before the fundraiser starts.


 Ways to support

Love the project? You can help out by giving it a *Star* through your Twitter account on Cyber Fund. If you have a suggestion for a blockchain event where we really should be, drop us an email and we´ll try to come by.


Thank you for taking the time to read our updates,
we´ll be in touch again next week!


Yours sincerely,

The team behind Internet of Coins - Amadeus, George, Jelle, Joachim, Marjon, Matthias, Pim, Robert, Sergey and Steffen

 



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