Internet of Coins Update #27 - The river runs to the delta

Dear cryptocurrency enthusiast,

We thank you for your interest in our project, and all who 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. This newsletter will be sent out roughly every fortnight, to keep our supporters updated about our development efforts.

Hybrid listed on EtherDelta

Together with the early holders we did a token upgrade over the past two weeks. To adhere to the latest ERC20 standards set out by the Ethereum foundation, we upgraded the token and arranged for it to be listed on EtherDelta. You can now find the token on the decentralized exchange there under the symbol name XHY in the dropdown list. Currently the volume is still low, and we expect this will remain for a while, until we reach the point where we can create a unified market between the hybrid chains.

Ethereum Classic

After testing the Ethereum module with success, we now have also added support for Ethereum Classic. We are adding more cryptocurrencies, and will be working on the implementation of token handling. With the support of tokens, we will take another important step towards supporting hybrid assets in the wallet.

Less is more

We have developed a forage cache mechanism in the browser that makes the Internet of Coins wallet more bandwidth efficient after the first login. Libraries used for transactions now no longer need to be pulled in on every login. Instead they are cached to make logging into the wallet much faster.

Usability

Luca is putting effort into making the user interface more user friendly. She is first focusing on making the CSS style sheets clean and tidy. After that she will be strictly separating any user interface code from functional code to make sure these cannot cause confusion for other developers.

Legal efforts

The past weeks we have made progress in formalising our organisational structure. A draft of the statutes for the custodian foundation under the Commons Conservancy, that will safeguard the open source technologies developed by the Internet of Coins project, is now undergoing scrutiny by legal experts. We have also found three people willing to chair the Internet of Coins foundation, who will hold the Internet of Coins team accountable as to how assets are allocated to further project goals according to our crowdfund terms.

We are hiring

Last week we had several meet and greets with talented programmers to help us out in implementing key aspects of the hybridd infrastructure. All of them have experience in nodejs and high availability javascript coding. Various specialists on the crossroads of mathematics and information theory were among them. Each of them will receive a special challenge to give them the chance to prove their mettle and show off what they will bring to the team.

How can we help you?

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

By email: info@internetofcoins.org
Over Riot or Slack: see https://internetofcoins.org/chat
Twitter: ask your question and mention @InternetOfCoins

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 thread, check out our project website or watch one of the presentations we have held at various conferences.

Ways to support

We can use help integrating different blockchain systems into the Internet of Coins wallet. If you can program in JavaScript (NodeJS), and would like to help out, please let us know. You can also follow and retweet us at @internetofcoins to spread the word. 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 with our next newsletter around two weeks from now.

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