Internet of Coins Update #34 - The long and winding road

26 Feb 2018 / CodaSiren

Our Telegram channel is booming!

Last newsletter, we announced that we have joined the Telegram community. Since then, 120+ members joined, adding the total number up to 200 members in the channel. If you haven't yet: join the conversation here!

Return to Bitcoin City

Last Friday, one of our members was asked to speak about Internet of Coins at the Dutch Arnhem Bitcoin City meetup. The night was a blast! We have had a lot of positive reactions and people joining the community.

Our API refreshed and rejuvenated

One of our developers has been busy making the API respond in a more humane way to requests. After someone queries the API it returns a helpful message instead of an error code that no human understands.

Website overhaul coming up

As you may have noticed, our website hasn't had a large update since the crowdfund ended. Most of the team's effort has been put into development for the Internet of Coins client.

To support our wallet beta release, our marketing team is currently working on a new website. The new site will be designed to better match the vision of Internet of Coins with our online presence. It will be a lot faster, cleaner and will provide easy access to the wallet. We will keep you informed on when to expect the overhaul!

Water cooler chat

Join our virtual water cooler chat channel on Riot! For those working on Internet of Coins abroad, we have created a channel to keep more informally in touch. Everyone will be sharing music to keep everyone motivated and energized.

We hope you feel welcome to listen in on the Riot channel. Loads of different music, different genres, so be prepared!

Internet of Coins Update #32 - Growing by leaps and bounds

18 Jan 2018 / CodaSiren

A great start of the year

In the past weeks, our team has been busy cleaning code, extending the API and scheduler, crushing bugs and revising the security features in our node to node protocol. We are very happy to welcome several talented new programmers to our team. Also joining us are marketing experts, to help us improve our online and offline presence.

Availability of the HYBRID tokens

The most frequent questions we receive these days are about where our crowdfund participants can see their tokens, or when they will receive and be able to use them.

In line with our milestones roadmap published on our website, the Internet of Coins beta wallet will be released in Q1 (end of March 2018). After release, the HYBRID tokens will be distributed on this wallet.

Then why are some XHY tokens already traded on exchanges? Right after the crowdfund in 2017 there was a limited window of time (until August 1st 2017) in which highly experienced crypto experts could send in a request to claim their tokens if they wanted to maintain them in 7 manually created wallets. Because of these experts, you can see some tokens are already being traded, for instance on EtherDelta.

The final release of the tokens for all our supporters (not just the crypto experts) will take place after Q1, in a safe way, when our IoC beta wallet has been released. By that time all participants will be contacted via the e-mail address that was used to participate in the crowdfund. Make sure you still have control of this email address! From that moment on all participants will be able to receive their tokens.

Mining HYBRID tokens

Another question we often get is whether it is possible to mine Internet of Coins tokens. The short answer is no. We don't have that option since we did not choose for a 'mining' release model. You can however participate actively in the network and serve as an allocation node, which will earn you fees for swapping cryptocurrencies for others. See our roadmap for an indication of when these features will become available.

Thank you for reading our newsletter, and for your interest in our project. A special thanks to 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 once every two weeks to keep our supporters updated about our developments.

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:

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, Antonio, Emil, George, Jelle, Joachim, Kirsten, Luca, Marco, Maria, Marjon, Pim, Robert, Rouke, Sander, Sergey and Steffen

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 :)

Internet of Coins Update #30: December cheer issue

16 Dec 2017 / CodaSiren

Making it easier

Our last wallet release had support for a large variety of tokens. This number has since increased, and support for new cryptocurrencies is now an ongoing process. Next to that we have two new features that will make asset and token management a bit easier.

Put a star on it

The wallet now supports the option to give a star to your favourite cryptocurrencies so they will appear on your dashboard. This way you can keep track of these assets outside of the asset view. Selecting a few cryptocurrencies to display on the dashboard, instead of all of them, loads the dashboard faster and gives a more responsive feel.

Decentralized storage: phase one

User settings - like for example which cryptocurrencies are shown on the dashboard - are now stored in a decentralized way, and synchronized between your browser and network node. This means the first phase of our decentralized storage system is now working. On the road ahead we will be developing our consensus mechanism to share this encrypted data end-to-end directly between nodes. The goal is to make a state machine that safely stores user data, without needing to use a blockchain.

The Christmas holidays

The coming two weeks several members of our team will be on Christmas holiday. This means it may take a bit longer for your questions to be answered by e-mail or on the chat channels. We hope you also will have the possibility to take some time out to spend with friends and/or family for holidays and new year reflections. Starting January we will be back in full force to continue on our roadmap for 2018.

Internet of Coins Update #29: November novelties

28 Nov 2017 / CodaSiren

Asset management

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:

Internet of Coins Update #28: Workin' on the railroad

30 Oct 2017 / CodaSiren

Just add steam and coal

In the past weeks we have been busy implementing further Ethereum smart contract support, the next logical step after creating support for our XHY token in line with the ERC20 standard on the Ethereum blockchain. Our user interface presentation code was split from our functional code and our stylesheets are being reworked. Besides this work on our 'main engine' we have been busy implementing an innovative system to exchange privacy sensitive data securely, in a decentralised way. The individual parts of this system are well-tested internet protocols like RSA encoding, onion routing and Bittorrent protocols, but the way we want to harness them together allowing for decentralised operations is unique to our project.

New alpha: Teeny Tiny Token

We have just finished the next alpha wallet and it is ready for testing. For this version we focused on making it work faster, more user friendly and added the XHY hybrid asset token for testing the ERC20 token support. As it is part of the Ethereum ecosystem you can see that the token is called ETH.XHY in our wallet. We'd like you to try out this version. Let us know if something is not working as it should, or tell us if you have ideas to make things better. The next alpha will support many more tokens and a way to manage them, while for now this one lists XHY for starters. You can find public alpha version 0.22 "teeny tiny token" available at:

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

07 Oct 2017 / CodaSiren

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.


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.

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