Internet of Coins Update #18 - Alpha wallet now live on TOR!

15 Jun 2017 / admin

Internet of Coins Update #18

  • Alpha wallet now live on TOR!

Dear cryptocurrency enthusiast,

We thank you for your interest in our project, and all who already 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.

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

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 info@internetofcoins.org 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.

The release of the tokens

There have been questions regarding where the HYBRID tokens are 'visible' and how donators can know where their tokens are stored. We build on earlier achievements, and hence the infrastructure to carry our tokens will be developed using the (crypto)currency that our supporters donate. At the present moment, this means your registration information is your ticket for our Fundraiser. Make sure to keep a copy of your PIN, the TXID of your donation, screenshots of transactions and confirmation, or the confirmation email. When the network infrastructure is functional, each donator will be able to create their own account on the newly developed system. This account will receive the amount of HYBRID tokens reserved according to the USD value of the donation at the time of participating. In the course of development, the network will be connected to different coins and token systems, as well as those included in the fundraiser.

Transparency of our fundraiser

You can check any of the blockchains listed on our terms page, to verify that the donated cryptocurrency will only be spent on project development, starting after the fundraiser period. We are proud to be part of an alliance with the Commons Conservancy under the reputable NLnet foundation, an official charity under Dutch rule of law, which guarantees that we cannot use these funds except for the purpose of developing the Internet of Coins.

HYBRID pricing schedule

The next price per unit increase for HYBRID is scheduled to happen on the 18th June. So now the PPU value is 1.925 USD, and after that date it will increase to 2 USD and will remain there until issued. Check our terms page for the authoritative schedule.

How to participate?

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

Twitter: ask your question and mention @InternetOfCoins
Log on to the chatpage on our website: https://internetofcoins.org/chat
Via email: info@internetofcoins.org

Or check out our Crowdfund Tutorial if you want to know how to participate with cryptocurrencies.

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 threads or our project website, especially the terms page for our roadmap and legal information. Or watch one of the presentations we have held at various conferences.

Ways to support

Like the project? You can help us out by giving it a Star with your Twitter account on Cyber Fund. You can also follow and retweet us at @internetofcoins to spread the word further. 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 soon with our next newsletter!

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

Hardware Nodes, Virtual Machines and DIY, oh my!

02 Jun 2017 / admin

Internet of Coins Update #16

  • Hardware Nodes, Virtual Machines and DIY, oh my!

Dear cryptocurrency enthusiast,

We thank you for your interest in our project, and all who already 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.

Developing our Hardware Node

The first prototype boards for the development of an open source Internet of Coins hardware node have finally landed on our development workbench. They feature a cool 2GB of RAM and quad-core ARM processor. Additionally, they will be outfitted with an embedded, custom-built and secure operating system, based on best-of-breed software from the Armbian project and using Debian GNU/Linux as a base. In the first instance, our Early Birds will be entitled to take part in the public beta launch for our node ecosystem. Stay tuned for more information on this amazing development in upcoming newsletters.

Virtual Machines and DIY

For those that are not so lucky to take part in our hardware node pioneer project, we will make Virtual Machine images available that provide a standardised environment from which to run a node on any computer that supports VirtualBox (an open source product made available by Oracle, originally created by Sun Microsystems). Of course, hardcore experts will be able to DIY (Do It Yourself) by cloning our node software directly from github, where the alpha wallet code will be made available around the end of the fundraising period and regularly updated as our codebase grows and matures. But for all those users looking for something more accessible, the Virtual Machine images will help to bridge the divide and get up and running with Internet of Coins in a hands-on approach.

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 info@internetofcoins.org 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.

The release of the tokens

There have been questions regarding where the HYBRID tokens are 'visible' and how donators can know where their tokens are stored. We build on earlier achievements, and hence the infrastructure to carry our tokens will be developed using the (crypto)currency that our supporters donate. At the present moment, this means your registration information is your ticket for our Fundraiser. Make sure to keep a copy of your PIN, the TXID of your donation, screenshots of transactions and confirmation, or the confirmation email. When the network infrastructure is functional, each donator will be able to create their own account on the newly developed system. This account will receive the amount of HYBRID tokens reserved according to the USD value of the donation at the time of participating. In the course of development, the network will be connected to different coins and token systems, as well as those included in the fundraiser.

Transparency of our fundraiser

You can check any of the blockchains listed on our terms page, to verify that the donated cryptocurrency will only be spent on project development, starting after the fundraiser period. We are proud to be part of an alliance with the Commons Conservancy under the reputable NLnet foundation, an official charity under Dutch rule of law, which guarantees that we cannot use these funds except for the purpose of developing the Internet of Coins.

HYBRID pricing schedule

The next price per unit increase for HYBRID is scheduled to happen on the 8th of June. Until that time the PPU value will be 1.85 USD, and after that it will increase to 1.925 USD when issued. Check our terms page for the authoritative schedule.

How to participate?

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

Twitter: ask your question and mention @InternetOfCoins
Log on to the chatpage on our website: https://internetofcoins.org/chat
Via email: info@internetofcoins.org

Or check out our Crowdfund Tutorial if you want to know how to participate with cryptocurrencies.

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 threads or our project website, especially the terms page for our roadmap and legal information. Or watch one of the presentations we have held at various conferences.

Ways to support

Like the project? You can help us out by giving it a Star with your Twitter account on Cyber Fund. You can also follow and retweet us at @internetofcoins to spread the word further. 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 soon with our next newsletter!

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

Internet of Coins Update #15 - Geek Pride Day edition

31 May 2017 / admin
Dear cryptocurrency enthusiast,

We thank you for your interest in our project, and all who already 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.

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 info@internetofcoins.org 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.

The release of the tokens

There have been questions regarding where the HYBRID tokens are 'visible' and how donators can know where their tokens are stored. We build on earlier achievements, and hence the infrastructure to carry our tokens will be developed using the (crypto)currency that our supporters donate. At the present moment, this means your registration information is your ticket for our Fundraiser. Make sure to keep a copy of your PIN, the TXID of your donation, screenshots of transactions and confirmation, or the confirmation email. When the network infrastructure is functional, each donator will be able to create their own account on the newly developed system. This account will receive the amount of HYBRID tokens reserved according to the USD value of the donation at the time of participating. In the course of development, the network will be connected to different coins and token systems, as well as those included in the fundraiser.

Transparency of our fundraiser

You can check any of the blockchains listed on our terms page, to verify that the donated cryptocurrency will only be spent on project development, starting after the fundraiser period. We are proud to be part of an alliance with the Commons Conservancy under the reputable NLnet foundation, an official charity under Dutch rule of law, which guarantees that we cannot use these funds except for the purpose of developing the Internet of Coins.

HYBRID pricing schedule

The next price per unit increase for HYBRID is scheduled to happen on the 29th of May. Until that time the PPU value will be 1.65 USD, and after that it will increase to 1.85 USD when issued. Check our terms page for the authoritative schedule.

How to participate?

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

Twitter: ask your question and mention @InternetOfCoins
Log on to the chatpage on our website: https://internetofcoins.org/chat
Via email: info@internetofcoins.org

Or check out our Crowdfund Tutorial if you want to know how to participate with cryptocurrencies.

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 threads or our project website, especially the terms page for our roadmap and legal information. Or watch one of the presentations we have held at various conferences.

Ways to support

Like the project? You can help us out by giving it a Star with your Twitter account on Cyber Fund. You can also follow and retweet us at @internetofcoins to spread the word further. 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 soon with our next newsletter!

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

Internet of Coins Update #14 - Grandma and the Internet of Coins

31 May 2017 / admin
Dear cryptocurrency enthusiast,

We thank you for your interest in our project, and all who already 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.

Grandmothers set the standard

Many initiatives in the cryptocurrency world are strongly focused on the latest and greatest features, and making sure to be ahead of other projects in leaps and bounds. This leaves out a huge amount of potential users who are very interested, but do not know how to use cryptocurrency, or even exactly what it is, and thus need a set of tools that give them a simple and comprehensive experience.

That is why our first focus is making sure our wallet is built to accomodate those who have less tech experience. Basic functionality has priority, in order to leave no one behind. This starts with careful design of how to log in, seeing an overview of and access to funds. Following that is simplifying the sending and receiving of transactions. We will be testing how people respond to the user experience of the wallet, and how we can make it easier to use.

Choosing our libraries

In the field of developments, we worked last week on formalising the different libraries that will form the underpinning for the Internet of Coins network infrastructure. Not a simple task, since there are many different factors to take into account, such as security, quality and readability of the code, whether it is being actively maintained or abandoned, as well as the licenses under which it is available. Much code relies on extensive third party frameworks or libraries that are subject to change and can be difficult to maintain or simply too large and bulky for a lightweight approach. We try to keep technical dependencies as small as possible.

Human readable hashstrings

One of the things we integrated this week are functions to convert hexadecimal strings (12a0d99ff) to a more friendly form. We chose for the RFC4648 standard, to convert hexadecimal strings to Base32 notation in a bit-safe manner (so that no bits are shifted to a different position). Since we could not find a library without extensive dependencies or that could convert with the simple and direct approach required for our project, we implemented these functions ourselves. In Base32 notation, the numbers 0, 1, 8 and 9, that can be confused with letters like O, I, B and P, are left out. Keep in mind that many people do not primarily use the latin alphabet. The shorter strings, like PBD 7XW ZF2 are easier to communicate, remember and write down, so that non-technical people can also use IoC technology without hurdles.

The release of the tokens

There have been questions regarding where the HYBRID tokens are 'visible' and how donators can know where their tokens are stored. We build on earlier achievements, and hence the infrastructure to carry our tokens will be developed using the (crypto)currency that our supporters donate. At the present moment, this means your registration information is your ticket for our Fundraiser. Make sure to keep a copy of your PIN, the TXID of your donation, screenshots of transactions and confirmation, or the confirmation email. When the network infrastructure is functional, each donor will be able to create their own account on the newly developed system. This account will receive the amount of HYBRID tokens reserved according to the USD value of the donation at the time of participating. In the course of development, the network will be connected to different coins and token systems, as well as those included in the fundraiser.

Transparency of our fundraiser

You can check any of the blockchains listed on our terms page, to verify that the donated cryptocurrency will only be spent on project development, starting after the fundraiser period. We are proud to be part of an alliance with the Commons Conservancy under the reputable NLnet foundation, an official charity under Dutch rule of law, which guarantees that we cannot use these funds except for the purpose of developing the Internet of Coins.

HYBRID pricing schedule

The next price per unit increase for HYBRID is scheduled to happen on the 19th of May. Until that time the PPU value will be 1.45 USD, and after that it will increase to 1.65 USD when issued. Check our terms page for the authoritative schedule.

How to participate?

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

Twitter: ask your question and mention @InternetOfCoins
Log on to the chatpage on our website: https://internetofcoins.org/chat
Via email: info@internetofcoins.org

Or check out our Crowdfund Tutorial if you want to know how to participate with cryptocurrencies.

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 threads or our project website, especially the terms page for our roadmap and legal information. Or watch one of the presentations we have held at various conferences.

Ways to support

Like the project? You can help us out by giving it a Star with your Twitter account on Cyber Fund. You can also follow and retweet us at @internetofcoins to spread the word further. 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 soon with our next newsletter!

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

Internet of Coins Update #13 - Send in the clowns

11 May 2017 / admin

Internet of Coins Update #13 - Send in the clowns

Dear cryptocurrency enthusiast,

We thank you for your interest in our project, and all who already 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.

Creative endeavours

Over the weekend our signup form was subjected to a hacking spree and received free penetration testing. Around nine hundred attempts were made to compromise the signup form, by injecting scripting commands and URL-crafting. However, ultimately it did not appear to have impacted our systems at all, thanks to best practices in handling user input. As always with the Internet of Coins project, we strive for a robust infrastructure that precludes the possibility to take advantage of it in mischievous ways.

Developments under way

Since passing the minimum viable goal for our project last week, code development has been starting up. Momentarily several of our developers are busy documenting standards and sorting out the various connectivity options for network transports, as well as making sense of the convoluted bitcoin and altcoin protocols, in order to implement deterministic transactions. As you may know, threats continue to arise for the fragile cryptocurrency sector. In all our developments, we strive to create future-proof architecture that will safeguard and respect the fundamental liberties of our supporters.

The release of the tokens

There have been questions regarding where the HYBRID tokens are 'visible' and how donators can know where their tokens are stored. Since Internet of Coins represents a completely novel kind of cryptocurrency development, although we will build on earlier achievements, the infrastructure to carry our tokens will be developed using the (crypto)currency that our supporters donate. At the present moment, this means your registration information is your ticket for our Fundraiser. This means your PIN, the TXID of your donation, screenshots of transactions and confirmation, or the confirmation email. When enough of the network infrastructure is ready, each donor will then be given an account on the newly developed system, that will hold the amount of HYBRID tokens reserved according to the USD value of the donation at the time of participating. In the course of development, the network will be connected to different coins and token systems, starting with those included in the fundraiser.

Transparency of our fundraiser

You can check any of the blockchains listed on our terms page, to verify that the donated cryptocurrency will only be spent on project development, starting after the fundraiser period. We are proud to be part of an alliance with the Commons Conservancy under the reputable NLnet foundation, an official charity under Dutch rule of law, which guarantees that we cannot use these funds except for the purpose of developing the Internet of Coins.

HYBRID pricing schedule

The next price per unit increase for HYBRID is scheduled to happen on the 19th of May. Until that time the PPU value will be 1.45 USD, and after that it will increase to 1.65 USD when issued. Check our terms page for the authoritative schedule.

How to participate?

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

Twitter: ask your question and mention @InternetOfCoins
Log on to the chatpage on our website: https://internetofcoins.org/chat
Via email: info@internetofcoins.org

Or check out our Crowdfund Tutorial if you want to know how to participate with cryptocurrencies.

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 threads or our project website, especially the terms page for our roadmap and legal information. Or watch one of the presentations we have held at various conferences.

Ways to support

Like the project? You can help us out by giving it a Star with your Twitter account on Cyber Fund. You can also follow and retweet us at @internetofcoins to spread the word further. 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 soon with our next newsletter!

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

Newsletter 12 - First funding goal achieved 300000 hybrids issued

04 May 2017 / admin

Internet of Coins Update #12 - First funding goal achieved: 300,000 hybrids issued!

Dear cryptocurrency enthusiast,

We thank you for your interest in our project, and all who already 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. For a quick introduction or reminder, take a look at the project presentations on our YouTube channel.
 

We've reached our first project viability milestone!

Thanks to YOU, our dear community, we passed the 300,000 HYBRIDs issued this week! This means development can start and the project will be supported for the coming years, allowing us to deliver the basic infrastructure and innovation that we have planned in our roadmap. Of course, we hope that donations will keep on going until the close of our crowdfund period, so we can deliver with more speed and set out additional bounties for other talented people to help out.
 

Campaign & Code development

After a more quiet period on the PR front, in the past week, we have been involved in intense negotiations with various firms in the field of fintech publicity and marketing, to increase the reach of our campaign in its second half. Some of our developers have started cleaning and reviewing the current code base and formalising protocols to extend the functionality of the system in the decentralised direction.
 

Price increase

The next price per unit increase for HYBRID is scheduled to happen on the 9th of May. Until that time the PPU value will be 1.25, and after that it will increase to 1.45.
 

How to participate?

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

Twitter: ask your question and mention @InternetOfCoins
Via email: info@internetofcoins.org

Or check out our Crowdfund Tutorial if you want to know how to participate with cryptocurrencies.

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 threads or our project website, especially the terms page for our roadmap and legal information. Or watch one of the presentations we have held at various conferences.


Ways to support

Like the project? You can help us out by giving it a Star with your Twitter account on Cyber Fund. You can also follow and retweet us at @internetofcoins to spread the word further. Want to be added to our Slack channel? Just reply to this mail with your request and we'll add you.

Thank you for taking the time to read our updates, we'll be in touch again soon with our next newsletter!

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

Fingerprints and Keys

24 Mar 2017 / Dotrego

Fingerprints and Keys

We’re all familiar with Sherlock Holmes as investigator, dusting off some object for fingerprints. Fingerprints are unique to every person and an expression of our individuality.

As early as the year 650 the Chinese historian Kia Kung-Yen had already remarked that fingerprints could be used as a means of authentication. In the nineteenth century, it was rediscovered that they could be used to uniquely identify any person on this planet and therefore this data was included in many identification documents, from the start of the twentieth century.

For the Internet of Coins project, we have also been developing innovative ways of securely establishing the identity of an account owner, inspired by the time-honoured practice of the fingerprint. Instead of a literal fingerprint, we use a digital encryption key unique to every user’s account, that is used to ‘sign’ any transaction datagrams, so that both their origin as wel as the authenticity of their original content can be verified by the receiver at all times.

In this way, users of the Internet of Coins have a way of knowing that transactions cannot be forged or modified by third parties. The contents of private contracts are also fully encrypted and untraceable on the network by any but those parties involved in the transaction. To everyone who is not given the secret keys to the transaction, the information in the contract is simply indistinguishable from random noise and this guarantees the confidentiality and immutability of the contracts on the Internet of Coins infrastructure.

For ordinary users, this means you can be sure every contract that you offer, in payment for your service or product, will be treated confidentially. This means there is an encrypted channel containing multiple encrypted tunnels between you and your seller, and every step of the transaction is mapped on the way. If the seller unexpectedly breaks out of the contract process, it will cost him credibility and he will not be considered for transaction handling any longer, as his reputation and earnings are on the line.

This process is automatic. All our regular transactions will be fingerprinted also, in such a way that anonymized generic comparisons are possible. This way that the system “knows” what a regular transaction looks like. If any transaction is irregular, the Internet of Coins will pick up on it and ask for extra verification. That way, you as user can decide for yourself what transaction limits you set for your stored value. Simple built in checks and services will help you to prevent overspending and it increases your security.

Using such methods Internet of Coins is designed to promote both a safe as well as decentralized architecture, with a focus to unify blockchains in a way that has not before been concieved, which is the basic Muir web of the cryptosphere. This means Internet of Coins is like a glue between various blockchain technologies, in how you administrate your energy, how you pay your bills, and how you participate in community decision making. That way the environment should offer people worldwide the tools to drive their organisations in a way that empowers their communities.



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