Internet of Coins Update #31: A new year dawns

06 Jan 2018 / CodaSiren

Awards time!

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.


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 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 :)

Working towards cryptosphere evolvement

23 Mar 2015 / CodaSiren

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.

Joachim will provide a blogpost in the upcoming weeks to give a technological update, but I can say the API is looking very sturdy, yet still userfriendly. In the meantime, take a look at the video below, which I posted some time ago via Twitter. It regards the future of digital currencies after mainstream adoption, and coincides with our longterm expectations. This is one of the reasons we started building of an interconnecting client for value transactions:

Next week we intend to discuss our vision with Andreas Antonopoulos, when he visits Amsterdam. [As long the announcement is not an April Fool's stunt of course...] We also wanted to let you know we have been in touch with an incubator and recently signed up for a startup competition in The Netherlands. More on that next time!

Preparing for takeoff: via Arnhem Bitcoin City to Gent

16 Dec 2014 / CodaSiren

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 launch period to provide everyone further insight into the project. In the meantime we have been introducing Internet of Coins to the world.

We were invited by BitKassa to explain the workings of our system at the Arnhem Bitcoin City event at the end of November. The night was fun and it was good to see so many diverse crypto-enthusiasts. A report of the event can be found at BitPost, including an interview with us. During that week, lead developer Joachim was also interviewed at talkshow 'The week of Bitcoin'. You can watch the (Dutch) vodcast here.

Joachim at the Arnhem Bitcoin City event. Picture by Bit-post

After another visit to one of our regular Amsterdam meetups we decided to go virtual at the Crypto Money Expo. We had a few laughs with visitors at our booth and received positive feedback from the viewers at the online Q&A presentation. Good to see one of our supporters from NXT as well. All in all a good test for our visit to the Virtual Bitcoin Expo in January.

During our visit to Brussels in October we got in touch with regulars from the Gent Bitcoin Meetup. I paid them a visit the 6th of December and Internet of Coins actually became the first presentation at this amusing Flemish gathering. The Belgian beers were a delight! Kudos to the guys from Anycoin Direct for sharing a ride back to the Netherlands.

At the Crypto Money Expo A Belgian device spotted in Gent, used primarily for fiat currencies

Between the work we've read up on current developments. Next to OpenBazaar we are pleased to see other decentralized open source initiatives such as Bitmarkets emerge as an option to exchange goods and services. Just like Bitmarkets, our client will natively support anonymous usage via networks such as Tor or I2P.

As you may notice we have been quite busy, with more conferences coming up in Germany and the United Kingdom. I am glad to announce that our next blogpost will include... (insert drumroll) the whitepaper. Stay tuned!

Taking the Internet of Coins into Europe

16 Oct 2014 / CodaSiren

Time for an update! First of all, say hello to some new faces on our Team page. Systems architect Amadeus and mathematician Jelle have joined our cause for integrating digital value systems. Now that we are growing, it is time to give the cryptosphere a peek at what we're doing. So we are taking the Internet of Coins to new places.

First off, we will be presenting the Internet of Coins this Friday the 17th of October at the start-up show of the Bitcoin 2 Business event in Brussels. Next will be the Ethereum & Bitcoin meetup, November 4th in Amsterdam. Wednesday November 5th (remember, remember...) we will be present at Bitcoin Wednesday Amsterdam. November 28th we will be visiting Arnhem Bitcoin City. Also, this week we received confirmation that we can take part in the Virtual Bitcoin Expo in January where we will be showing where we are heading in our developments. Take a look, visiting the virtual event is free. Interested in what we are doing, but not around at one of these events? Feel free to contact us.

Bitcoinference Summer 2014 - the Internet of Coins in pictures

03 Sep 2014 / CodaSiren

Today, we had our first presentation on the Internet of Coins at the Amsterdam Bitcoinference Summer 2014. The presentation sheet itself is now added to the home page, providing a short explanation of the concept of decentralized blockchain interconnectivity. If you have any questions or remarks, please let us know.

We had some great talks and have seen several interesting presentations, for instance about the history of centralized exchanges which eventually led to Draglet and the interest for miners in the use of block-hiding strategies. We would like to thank Nicolas Courtois in particular for providing a refreshing critical view on the vulnerabilities of current Bitcoin technology.

So what's next? The Bitcoinference will last a few more days, after which we plan on visiting several other meetups; most of them in the Netherlands to discuss the consortium and the required technology for the Internet of Coins. In the meantime we will continue to work on our hybrid assets whitepaper and keep you posted via this website - or you can fire questions at us any time via Twitter.



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