Since our previous update before summer, we have been focusing on securing funding for continuous development. Today, we learned our efforts bear fruit. As of the 25th of August, the Stichting Internet Domeinregistratie Nederland (SIDN, or Foundation for Internet Domain Registration Netherlands) announced their support for development of the Internet of Coins, and awarded us with a Pioneer grant!
SIDN operates as registry for second level domain names in the Netherlands. Its foundation supports innovative projects which inspire an open and free use of Internet. We are very pleased with their support and will continue to cooperate as the project evolves. Part of the money will be used for coding bounties.
During our quest for angels, someone asked us "Why aren't you doing a digital ITO or IPO to acquire funding?"
Of course we would not be the first project. But let's be clear on this. We do not want you as a consumer to spend your cash on a project which is still in development. And like any startup, we are working with pivoting goals between timeboxes. So we aim to secure development 'the old-fashioned way'. Try out our client once there is a beta.
As part of this strategy, we have decided to separate the Internet of Coins project from our smart contracting agency Metasync, so it becomes its own entity as a non-profit foundation. Stay tuned for more info, or get in touch.
Pizza day is upon us! It has been a while since our last update. In this time we have seen a strong decline of the Bitcoin price, mining organisations going bust, and other initiatives consolidating their efforts to stay relevant in the cryptosphere. Also there is good news when looking at the adoption of Bitcoin and cryptocurrency concepts by businesses in general.
Meanwhile, we have been working on building hybridd, the client/server node for IoC. The skeleton of the node has been written and is now in alpha-testing. It is a modular construction that makes it possible to tie in any kind of value-related functionality. We have created some proof-of-concept modules to start filling in the blanks. [Read more...]
Time for an update! Where to begin... since the whitepaper release at the Dutch Bitcoin Embassy on the sixth birthday of the blockchain back in January, we've had a surge in media attention; for example via Yahoo! and a CoinTelegraph interview. After the announcement and the followup, our focus shifted back to development.
Heads up! Since our last post we have worked hard on our whitepaper and the decentralized alpha. We will make sure to upload samples to our GitHub before and during the launchperiod to provide everyone further insight into the project. In the meantime we have been introducing Internet of Coins to the world.
The power struggle of centralisation versus decentralisation in the world of finance has a long history. The pendulum of power swings between the poles of one central institution to rule them all and the dispersive network, in a movement spanning over centuries. The rise of the mammals of crypto is the inevitable next step in the evolution of the global economy.