The year has just started, and the Internet of Coins project has been nominated for a 2018 Internet Innovation Award by the Dutch chapter of the Internet Society. We are honored by their mention, and strive to continue to live up to the expectations. If you can read Dutch, you can find out more about the nomination and the other projects here.
KISS, KISS, KISS
We added some documentation and a startup script on our github to make it easier for tech savvy enthusiasts to get up and running with the hybridd node system. It automatically pulls in all direct runtime dependencies like nodejs and regenerates the views before starting. For other dependencies, we added some simple instructions that should allow our supporters to get started with less hassle. Keep in mind the software is still in alpha state, so do not store large amounts of value on it at the moment, until the stack matures.
Fundamental cryptography: 'all our bits are belong to us'
This week, members of our team have been busy further strengthening the cryptographical routines used to secure communications between hybridd node and its clients. We reviewed the latest insights to come out of the 34th Chaos Communications Congress in Leipzig, Germany recently and are in the process of reviewing the current scientific literature and best practices, to make sure 'all our bits are belong to us' (see http://ccc.wf/allyourbase) and that this will remain so in the foreseeable future. In other words, we are working hard to make sure your information remains safely encrypted and cannot be read by any eavesdroppers or third parties, since we are firmly commited to the privacy of our user base.
Put another star on it
The wallet now supports the option to favorite assets by giving them a 'star' in the Assets overview. Their current state will then show up on the main dashboard immediately after login. This will save you an extra click and makes the dashboard more user friendly :)
The last alpha released focused on enabling the use of the Ethereum XHY token. Testing showed there were no bugs, so now we have gone full steam ahead to implement asset management. Next to that we have added support for the NXT blockchain. Wallet users can now add any Ethereum or NXT token. We have had help from the community to add all the needed recipes to support these tokens. Please take care not to store large amounts of value at this time.
User interface freshness
Our UX/UI designer has improved the design and usability of the wallet. The interface is now more responsive, and numbers are represented in a way that is more palatable to the eyes. Small screen support has also been improved.
Command line power
With this newsletter we also proudly announce the first release of our command line wallet for Internet of Coins. This wallet is most interesting for technical people who like to work with the command line on Linux. It sports all the same functionality as the web UI. If you like the console, go and check it out! You can find it here: https://github.com/internetofcoins/cli4ioc
On our chat channels there was some confusion over a message that did not come from us, and instructed people to make a wallet. Be sure only to respond to instructions that come from Internet of Coins directly. As per our terms (https://internetofcoins.org/terms) we will release a public wallet to receive the tokens in the first quarter of 2018. See 'The release of the tokens' below for details. If you have any suspicions about emails claiming to be from Internet of Coins, or using the IoC name, please forward the contents to firstname.lastname@example.org so we can take appropriate measures. Internet of Coins is an independent initiative and has NOT instructed any other organisation to speak on our behalf.
Alpha wallet updated
Our ALPHA wallet (only for testing purposes) was updated and now integrates many improvements. We invite people to try it out and give us feedback per email about their experience. Please keep in mind this is experimental code, so please do not store large amounts of value until the testing phase has been completed. The alpha wallet can now be reached at https://wallet.coinstorm.net We'd love to hear some feedback on your experience with the wallet.
Tell me more, tell me more...
We now have a working implementation of deterministic Ethereum functions, so the ETH blockchain can be connected to our ecosystem. We have integrated the REST API into the command line wallet for testing purposes. Processes in the code have been segregated, or split up into separate streams, for more security. Account credentials are checked at login using a validation algorithm to prevent typing mistakes. Also our connectors to other RPC (remote procedure call) interfaces have been improved.
New research grant secured
We have received word from the Dutch SIDN Fund that the Internet of Coins project has been awarded a grant of $70,000 (USD) for further development of our wallet with the decentralized exchange. The foundation stated:
“Internet or Coins creates a system where the exchange of cryptocurrency is democratised and open to everyone worldwide. This is in line with the objective of SIDN Fund to strengthen the Internet. An open and free Internet, which is accessible to all, trusted by the public and seen as a foundation on which to build.”
Over 500,000 HYBRIDs registered
This week, we were happy to see the fundraiser counter jump to 543,000 HYBRIDs registered. Most of the donations have been sent in Ethereum and Bitcoin, but we see the NEM, WAVES, NXT, Counterparty and Bitshares community participating as well. As we are entering the last week of the crowdfunding campaign, we thank all who already decided to be part of our journey.
Just two more days to go!
The fundraising period will close on the 21st of June, 10:00 CEST, the beginning of summer. Only two more days are left to register your donation. After that, development will start according to our roadmap (see our terms page for more details). We will keep you informed about procedures and the development of our infrastructure through our newsletters and on Twitter.
More transactions sent using IoC alpha wallet
As we mentioned in a previous newsletter, we have done our utmost to get a 'live' version of our wallet out there for testing by you, our supporters. Since the alpha is available we have seen the node push several transactions into the network. People are already trying it out, and thus far without any issues. The public alpha is available for testing at http://kth3qittpclsdrk6.onion so you will need to use TOR to access it. It supports just Bitcoin and Lisk for now, so we can test the basic functionality of the transaction mechanisms. Please do not store large amounts of value on this wallet yet, it is to be considered experimental until after more extensive testing and there may be bugs.
444K HYBRIDs registered
This week, we were happy to see the fundraiser counter jump to lucky number 444,000 HYBRIDs registered. Most of the donations have been sent in Ethereum and Bitcoin, but we see the NEM, WAVES, NXT, Counterparty and Bitshares community participating as well. As we are entering the last week of the crowdfunding campaign, we thank all who already decided to be part of our journey.
Just seven more days to go
The fundraising period will close on the 21st of june, the beginning of summer. Only seven more days to register for HYBRID initial tokens and get your donation settled. After that, development will start according to our roadmap (see our terms page for more details). We will keep you informed about procedures and the development of our infrastructure through our newsletters and on twitter.
First transaction sent using IoC alpha wallet
As we mentioned in a previous newsletter, we have done our utmost to get a 'live' version of our wallet out there for testing by you, our supporters. We are proud to announce that today at 11:40 the first transfer of value from an IoC wallet to an IoC wallet was made, an amount of 1 LSK. The public alpha is available for testing at http://kth3qittpclsdrk6.onion so you will need to use TOR to access it. It supports just Bitcoin and Lisk for now, so we can test the basic functionality of the transaction mechanisms. Please do not store large amounts of value on this wallet yet, it is to be considered experimental until after more extensive testing and there may be bugs. This is a milestone for Internet of Coins and 'proof of work', to release public alpha software ahead of time, before the fundraiser is even over!
Celebrate with us!
To celebrate the release of the alpha wallet and give a last boost to our fundraiser, we ask for your help. You can show your support for our project by tweeting or posting the following message on your twitter or facebook account:
IoC launches #alpha #wallet! Join the storm! #internetofcoins https://coinstorm.net
Alpha wallet for betas
Happy geek pride day! In the past weeks, we geeks have been laying the groundwork for our software stack. To prove to our backers our serious intentions, we are striving to make an alpha wallet available for public testing, even before the end of our fundraiser campaign on the 21st of June. Of course, we don't know if we will succeed in this ambitious goal, but we will certainly attempt to make it happen. This way, our backers can already take a peek at the software we are developing.
The case of the missing PIN
We understand from people with Gmail accounts that our PIN emails, and in some cases our confirmation emails, are not arriving at Gmail customers. This is because Gmail uses excessively strict greylist filtering. In some cases, it may help to send a little test email to email@example.com and keep this email in your outbox, before you start the donation procedure. Then Gmail sees the address as 'whitelisted' because you have corresponded with it before. However, if you do not receive a PIN email, even after checking your spam box, please use 77777 as your emergency PIN in combination with Gmail addresses only. These donations will then receive extra inspection and verification.
In that case, be absolutely sure to paste the correct transaction ID, which is a 64 character long hexadecimal string that identifies your transaction. You can find your 'TXID' by viewing the transactions coming in to the blockchain address that you are donating to, which are listed on our terms page using a block explorer. For Bitcoin donations, for example, you can use: https://www.blocktrail.com/BTC/address/14aV8dULoL67i6xQncfmFsbFaEtpRKskC2/transactions and for Ethereum donations: https://etherchain.org/account/0x197a920123dda17040a065457ef0c01b28a54045#txreceived
In case of not receiving a confirmation email, we also recommend to make screenshots of your transaction, in case these may be needed in later correspondence. You can always contact us about your donation in case of problems. Please understand that we cannot give you a simple refund of any donation, since only the overseeing foundation can decide on individual cases, when serious error is involved.