CoinAgenda Global Announces First Virtual Conference for ...

"'Bankers worry that [bitcoin, Paypal, et al] could disrupt the financial system', said a Fed at a conference at the International Monetary Conference in Shanghai on Monday." ... Well, yeah, that's the idea

submitted by Ruttin_Mudder to Bitcoin [link] [comments]

The Shanghai Bitcoin Conference was Awesome

The Shanghai Bitcoin Conference was Awesome submitted by BeijingBitcoins to Bitcoin [link] [comments]

ChinaDoge Foundation Handed Out Free Dogecoins & Mousepads at Shanghai Bitcoin Conference (19-21 Sept)

ChinaDoge Foundation Handed Out Free Dogecoins & Mousepads at Shanghai Bitcoin Conference (19-21 Sept) submitted by voyagerdoge to DogeNews [link] [comments]

WaykiChain (WICC) Monthly Report (September 2020)

WaykiChain (WICC) Monthly Report (September 2020)

https://preview.redd.it/nnuhfz6q01t51.png?width=700&format=png&auto=webp&s=15ce35581f2ebad02af140180f5a8b1fe7931f00
Technology & Products
Public Chain Development
· WASM AMPL contract debugging (100%)
· Research on WASM zero-knowledge proof anonymous transfer (50%)
· WASM Sushi contract coding (100%)
· WASM RPC iOS asynchronous library commissioning (100%)
· Verification of the signature push public key algorithm and testing its codability (C++, go) through RPC (100%)
· The new lock-up airdrop contract function: lock-up users can claim the unlocked assets by entering RegID (100%)
· Porting ASWAP contract to public chain 3.0, adding platform fee processing (100%)
· Optimization of Yield Farming contract reward distribution (100%)
· Optimization of Yield Farming contract penalty distribution mechanism (100%)
· Yield Farming contract testing (100%)
· Deployment and initial configuration of WICC and WGRT yield farming contracts and Wayki-X contract completed (100%)
· Ownership of issuance and transfer rights of the bottom-level token ROG transferred to Wayki-X contract (100%)
· The initial generation of ROG completed. 10.08M ROG entered the WICC pool, 2.52M ROG entered the WGRT pool (100%)
· The first 189,000 ROG was minted in Wayki-X contract for rewards by inflation (12.6M × 1.5%) (100%)
· Transfer of 70,000 ROG to AEX for Ecosystem Yield Farming completed (100%)
· WASM developer documentation: added detailed WASM table (Simplified Chinese) (100%)
· WASM developer documentation: added call of multiple contracts and multisignature transactions in WASM contract (Simplified Chinese) (100%)
Application Development
· Yield Farming back end API (100%)
· Yield Farming front end page optimization (100%)
· Yield Farming front end localization (100%)
· Yield Farming pre-release initial API docking (100%)
· Yield Farming application testing (100%)
· Yield Farming application release (100%)
· xUSD & ROG added to Instant in WaykiTimes Android (100%)
· Memory leak issue fixed in Instant in WaykiTimes (100%)
· Data loading error when swiping in Discover fixed in WaykiTimes (100%)
· Data display optimized in Getting Started in WaykiTimes
· UI debugging of several pages in WaykiTimes (100%)
· WaykiTimes 3.0.4 released (100%)
· WaykiTimes Help Center released (100%)
· WaykiTimes Getting Started released (100%)
· WaykiTimes remember password function released (100%)
· WaykiTimes iOS App Store version tested (100%)
· Google crash analysis and testing added to WaykiTimes Android (100%)
· Solved the data loading issue when swiping in Wayki-X Synths (100%)
· Wayki-X price feed delay fixed (100%)
· Amount issue in the plug-in wallet fixed (100%)
· Display error of release contract type of universal transactions fixed on the blockchain explorer (100%)
· WASM contract display specifications for the blockchain explorer completed (100%)
· Development of the Coinbase integration project (wicc-rosetta-api) (85%)
Plan for October
Public Chain Development
· Research on WASM zero-knowledge proof anonymous transfer
· Correction of ASWAP contract proof of liquidity token generation rules
· ASWAP contract testing
· Docking of ASWAP contract with third parties
· Continuous updating of coind RPC interface documentation
Application Development
· Trade — transaction details HTML5 page to native page transfer in WaykiTimes
· Development of the Coinbase integration project (wicc-rosetta-api)
Market
International Market
· On September 4, Russian volunteers opened the second WaykiChain Russian group in Telegram: https://t.me/waykichainrussian.
· On September 6, WaykiChain opened the official community in Discord: https://discord.gg/XyAkqa.
· On September 6, WaykiChain CTO Richard Chen was invited to the Blockchain + Innovative Service and Industrial Application Conference and the China Chamber of International Commerce Blockchain Innovation Service Industry Committee Establishment Conference as a member of the expert group.
· On September 11, the famous US blockchain TV program Exploring the Block tweeted about WaykiChain, showing it is optimistic about the future development of the integrated DeFi ecology of WaykiChain.
· On September 11, the famous business platform Yahoo Finance released WaykiChain project information and announced that WaykiChain CEO Gordon Gao gives an interview to NASDAQ MarketSite’s Jane King on September 12.
· At 7:00 PM EDT on September 12, world’s largest financial channel Bloomberg TV reported that WaykiChain CEO Gordon Gao was interviewed by Jane King of NASDAQ MarketSite. The interview aired on Fox Business Network at 10:30 PM EDT on September 14.
· On September 12, cryptocurrency Twitter account Crypto Catalog tweeted about WaykiChain, showing it is optimistic about the future development of the integrated DeFi ecology of WaykiChain.
· On September 13, DeFi List added WaykiChain governance token WGRT.
· On September 13, WaykiChain reached market cooperation with the Indian blockchain influencer Gmadvice who started to serve as WaykiChain community manager in India.
· On September 16, WaykiChain released “WaykiChain Launches Phoenix Yield Farming with WICC/WGRT Dual-pool for ROG Genesis Issuance” on Twitter. Up to September 21, the news hit 2,400+ retweets.
· On September 17, the cryptocurrency influencer DeFi List retweeted “WaykiChain Launches Phoenix Yield Farming with WICC/WGRT Dual-pool for ROG Genesis Issuance”.
· On September 18, WaykiChain reached strategic market cooperation with the Korean crypto influencer Pantera who will help WaykiChain establish a broad and strong consensus in Korea.
· On September 19, “WaykiChain Dual-pool ROG Yield Farming Korean Group” community established.
· On September 20, the influencer Crypto Wendy retweeted “WaykiChain Launches Phoenix Yield Farming with WICC/WGRT Dual-pool for ROG Genesis Issuance”.
· On September 21, 130+ Korean media outlets published “WaykiChain Launches Phoenix Yield Farming with WICC & WGRT Dual-pool for ROG Genesis Issuance”.
· On September 23, WaykiChain co-founder and CEO Gordon Gao was invited to an AMA session with ICO Pantera Group, Korea’s top Telegram group (stats by u/combot), where he shared his insights into DeFi with 4,000+ Korean users and introduced WaykiChain’s ROG Genesis Yield Farming.
· On September 24, WaykiChain tweeted “ROG Genesis Yield Farming FAQ” and “Leave your question/problem toward WaykiTimes/Wayki-X/ROG Genesis Yield Farming in the Google forms below to share 800 WICC Giveaway!”, the number of engagements is 1,500+.
· On September 24, WaykiChain global partner Vincent Lionheart was invited to an AMA session to D’va Community.
· On September 24, The Business Telegraph, Bitcoin Garden, and other media published “WaykiChain Launches Phoenix Yield Farming with WICC & WGRT Dual-pool”.
· On September 24, WaykiChain tweeted the ROG Genesis Yield Farming Countdown. The news hit 1,000+ retweets.
· On September 25, ROG Genesis Yield Farming news was the day’s hit in Korea with 5,000+ views on Korean cryptocurrency forums.
National Market
· On September 1, CoinTiger listed WaykiChain governance token WGRT and opened the WGRT/USDT pair. WGRT net buy & hold competition started and the CoinTiger community joined a series of WGRT-themed challenges.
· On September 1, WaykiChain governance token WGRT successfully mapped to Ethereum and ERC-20 WGRT was created. The world’s largest DEX Uniswap officially supported it and listed the WGRT/USDT pair.
· On September 2, WaykiChain Strategic Analyst Jing Tao gave the speech “WGRT Dragon, Fly, Tiger, and Leap: Community Governance Upstart” to the MXC community and distributed 3 gold bars to the event participants.
· On September 7, WaykiChain Strategy Analyst Jing Tao attended [This Is Coin Coffee] live DeFi contest co-sponsored by Coinka, fogwu.com, and tuoniaox.com. WEDEX founder & CEO, Loopring co-founder Chen Xiaoliang and ChainNews Research Director Pan Zhixiong joined the event.
· On September 9, Gate.io selected WaykiChain governance token WGRT for the Listing Vote. Each voter had a chance to share an airdrop of 420,875.43 WGRT. WGRT passed the voting with 53,293,775 votes and was successfully listed on Gate.io.
· On September 10, WGRT/USDT trading pair and WGRT withdrawals opened on Gate.io.
· On September 10, WaykiChain released WaykiChain Governance Token WGRT Information and Addresses. The team announced that before July 1, 2021, WGRT circulating supply will be strictly controlled at 10% of the total supply, or 2.1 billion.
· On September 9 to 11, WaykiChain was invited to IoT World China & 5G China along with 400+ exhibitors including Huawei, Baidu, and Tencent. WaykiChain demonstrated the integrated public chain DeFi ecosystem that will help China’s digital construction.
· On September 11, WaykiChain Strategy Analyst Jing Tao was invited to the Bepal community and shared the speech “WaykiChain Governance Token WGRT: Accumulation and Breakout”. WaykiChain airdropped 3,000 WGRT and cash red envelopes to the Bepal community members.
· On September 12, WaykiChain Technology & Development Manager Yuanhang Xiao and Strategy Analyst Jing Tao introduced [New WaykiChain DeFi Product: Decentralized Synthetic Asset Issuance Protocol Wayki-X] in the official WaykiChain yizhibo account. During the live broadcast, WaykiChain distributed pure gold bars and branded gifts to lucky users.
· On September 13, WaykiChain co-founder & CEO Gordon Gao and Overseas Director Qiyuan Mei shared the speech “WaykiChain Opens the Era of Integrated DeFi Public Chains” in the Gate.io live broadcast room. Gate.io CPO Jiuer was the broadcast host. The guests explained WaykiChain’s DeFi strategy and revealed the launch of Yield Farming.
· On September 15, WaykiChain CEO Gordon Gao and BTC38 co-founder Tianwei Huang held the live stream titled “Eight Questions to Explain DeFi Trends and Opportunities” in yizhibo. The hosts analyzed the status and trends of DeFi, discussed DeFi deployment by public chains and exchanges, and new opportunities in synthetic asset trading. WaykiChain distributed pure gold bars and branded gifts to lucky viewers of the stream.
· On September 16, WaykiChain Strategy Analyst Jing Tao shared the speech titled “WaykiChain’s Integrated DeFi Ecosystem Layout” as the guest of btcmoney.cc.
· On September 18, Bying community invited WaykiChain Strategy Analyst Jing Tao to share the speech “New DeFi Opportunity: Phoenix Yield Farming”. WaykiChain held a WICC airdrop for Bying community members.
· On September 18, WaykiChain published the article “No Pre-mining, ICO, or Reserve! WaykiChain Launches Dual-pool Phoenix Yield Farming”.
· On September 19, WaykiChain published the article “Chapter 1. The Financial Innovation of Blockchain Reformation. The Origin, Logic, and Value of WaykiChain ROG” introducing the background of ROG, the operation mechanism of the decentralized synthetic asset system Wayki-X, and the value foundation of ROG in detail.
· On September 23, “No Pre-mining, ICO, or Reserve! WaykiChain ROG Genesis Farming and Early Release Guide” was released across Chinese media.
· On September 24, WaykiChain CEO Gordon Gao, CTO Richard Chen, and CPO Xi Zhang held a joint live stream on yizhibo explaining the future planning of WaykiChain decentralized synthetic asset issuance protocol Wayki-X, ROG, and WaykiChain DeFi in terms of business model, technology, and products. WaykiChain distributed 1 pure gold bar and 6 branded gifts to the lucky stream viewers.
· On September 24, Gate.io and WaykiChain launched the WGRT Investment Competition. The prizes are a BMW G 310 R motorcycle, a 13” MacBook Pro, a 10.2” iPad, 17 pure gold bars and 99,000 WGRT.
· On September 25, various Chinese media released “Wayki-X 101: WaykiChain Decentralized Synthetic Asset Protocol” introducing the functions and mechanism of the decentralized synthetic asset issuance protocol Wayki-X and the value of its token ROG in detail.
· On September 25, WaykiChain launched the “Looking for the Genesis Prophet” community event. The winners received 10 branded gifts.
· On September 25, WaykiChain ROG Genesis Yield Farming launched. WICC and WGRT pool quotas (5 million and 25 million, respectively) were full within just one hour.
· On September 25, WaykiChain reached ecosystem partnership with AEX. AEX became the first platform to join ROG Ecosystem Yield Farming.
· On September 25, WaykiChain partnered with Bying wallet. ROG Genesis Yield Farming is available in Bying wallet.
· On September 26, ROG, the main token of WaykiChain’s decentralized synthetic asset issuance protocol Wayki-X, was listed on AEX. ROG/USDT trading pair is available.
· On September 26, WaykiChain CEO Gordon Gao gave lectures “DeFi Financial Principles and Commercial Applications” and “DeFi Industry Panoramic Scan” at The First Offline Practical Training Camp of Hash Power University, Shanghai Station. Participants included Ontology founder Jun Li, Chainlink Labs — China Head Philip Fei, Digital Renaissance Foundation Managing Director Cao Yin, and Waterdrip Capital founding partner Zheng Yushan.
· On September 28, WaykiChain co-founder and CEO Gordon Gao was a guest at Hash Power Knowledge Base Private Meeting, Shenzhen Station where he shared the speech titled “Feasible Ways of DeFi Application Popularization”. Other guests included Ontology founder Jun Li, DeBank founder and CEO Tang Hongbo, and Huobi Research Chief Technical Researcher Tianyuan Ma.
submitted by Waykichain to WICCProject [link] [comments]

morning joe

Microsoft is committed to trying to buy TikTok's U.S. operations, after CEO Satya Nadella discussed a potential deal during a phone call on Sunday with President Trump. Microsoft (NASDAQ:MSFT) said in a blog post that it will move quickly to pursue discussions with TikTok parent ByteDance (BDNCE), aiming to complete negotiations by Sept. 15. "Microsoft fully appreciates the importance of addressing the President’s concerns," the company said. "It is committed to acquiring TikTok subject to a complete security review and providing proper economic benefits to the United States, including the United States Treasury." The company's aim is to build on TikTok's popular user experience with adding privacy and security protections. The proposed transaction has gained the blessing of top Trump administration officials, including Treasury Secretary Mnuchin, as well as several Republican lawmakers, after the president's Friday night comments that he preferred a TikTok ban in the U.S. instead of a sale took all sides by surprise.
All eyes on U.S. payroll data
The U.S. July employment report, to be released this Friday, will have a binary flavor to it. If the jobs situation is consistent with economists' views, it should give investors more confidence in the economy's health while weak data will weigh on investors' near-term enthusiasm. Current consensus is a rise of 1.65M jobs, albeit a bearish drop of ~27% from last Thursday's projection of 2.25M. Congress is trying to cobble together another stimulus package but, unsurprisingly, Republicans and Democrats are at loggerheads over the specifics.
MLB draws strong TV ratings in opening week
Despite concerns over a truncated 60-game season and empty seats in stadiums, Major League Baseball's opening week has been a resounding success. Games aired nationally during opening weekend (July 23-26) drew more than twice as many viewers as a year ago. Walt Disney's (NYSE:DIS) ESPN said that its first 12 broadcasted games averaged ~1.2M viewers, up 34% compared to last year. Fox Sports (NASDAQ:FOX) also enjoyed a double-digit rise in ratings. According to Michael Mulvihill, Fox Sports head of strategy and analytics, the strong start reflects pent-up demand and little competition from other major U.S. sports. The season, though, is facing its first stern test after 18 members of the Miami Marlins tested positive for COVID-19 leading to the cancellations of certain games by several clubs. 17 games have been postponed to date.
Fed to "relax" approach to managing inflation target
The Fed is preparing to abandon its long-held practice of raising interest rates to preempt overheating in the economy, citing persistently low U.S. inflation. Chairman Jerome Powell hinted at the shift in a news conference last week when he disclosed that the central bank would soon complete a comprehensive review of its policy-making strategy. The change is unlikely to alter much since interest rates are barely above zero and are expected to remain low for the foreseeable future. Longer term, central bankers, economists and investors expect rates to return to a more normal 4% or so once the economic recovery/expansion has matured.
Trump readies action against Chinese software firms
During an interview yesterday on Fox News' Sunday Morning Futures, Secretary of State Mike Pompeo said that President Trump will announce new action this week against Chinese software companies that he perceives are threats to national security, including TikTok and WeChat that, he says, are "feeding data directly to the Chinese Communist Party." In a separate interview, Treasury Secretary Steve Mnuchin declared that "we are not keeping TikTok in its current form." The expected actions will be the latest salvo in the deterioration in U.S./Sino relations.
Apple sued in China over voice assistant patent
Shanghai Zhizhen Network Technology Company, known as Xiao-i, has filed a lawsuit in a Shanghai court against Apple (NASDAQ:AAPL) claiming infringement on a patent covering a voice assistant similar to Siri. The company seeks 10B yuan ($1.43B) in damages and, if successful, could prevent the tech giant from selling many of its products in China. In late June, China's Supreme Court ruled that Xiao-i owns the patent which ended a process that involved several trials since 2012. It is the third time in less than a decade that Apple has faced trademark and patent challenges in its #2 market (behind the U.S.). The company has yet to comment on the matter.
U.S. COVID-19 pandemic in new "widespread" phase
According to White House coronavirus task force coordinator Dr. Deborah Birx, the pandemic is in a "new phase" that is different from the March/April period with "extraordinarily widespread" cases in both urban and rural areas. Reemphasizing the essential role of wearing masks and distancing, Dr. Birx said, "To everybody who lives in a rural area, you are not immune or protected from this virus and that is why we keep saying, no matter where you live in America, you need to wear a mask and socially distance, do the personal hygiene pieces." She also says super-spreading events are the main concern, not super-spreading individuals. Per Johns Hopkins case tracker, U.S. infections are now over 4.6M with over 154K deaths.
GOP and Dems tussle over fourth round of U.S. stimulus
Talks between Republican and Democratic leaders over the specifics of the latest round, the fourth, of economic stimulus are proceeding down the familiar contentious path. Both sides agree on sending $1,200 checks to most Americans but the GOP is apparently balking at a boost to unemployment insurance which was set at $600 per week but recently lapsed. Democrats want to preserve the $600 amount while Republicans want to cut it to $200 due to cost concerns. House Speaker Nancy Pelosi is accusing President Trump of standing in the way of a deal. On Face the Nation yesterday, Chief of Staff Mark Meadows said, "I'm not optimistic that there will be a solution in the very near term."
7-Eleven to acquire Speedway for $21B in cash
Seven & i Holdings (OTCPK:SVNDF) indirect subsidiary 7-Eleven has agreed to acquire Speedway from certain subsidiaries of Marathon Petroleum (NYSE:MPC) for $21B in cash. The Enon, Ohio-based chain operates ~3900 convenience stores in 36 U.S. states. The transaction, which includes a 15-year fuel supply agreement for about 7.7B gallons per year, should close in Q1 2021.
China's Caixin manufacturing PMI hits nine-plus year high
The Caixin China manufacturing purchasing managers index hit its highest point since 2011, lending more credence to inklings of a recovery there. China's official PMI rose to its own four-month high last week, and it's got a bigger sample, focused on larger state-owned companies. Caixin focuses on smaller manufacturers, and it hit 52.8, the third straight month it was over 50, signaling expansion.
Rio Tinto sues Australia's Monadelphous over 2019 fire
Rio Tinto (NYSE:RIO) has sued Monadelphous Engineering Associates (OTCPK:MOPHY) over a fire at Rio's Western Australia iron ore processing facility last year. Monadelphous says Rio is claiming MEA breached terms of a contract, and that Rio is seeking A$493M (about $351M) tied to its inability to process iron ore at the plant during repairs.
What else is happening...
Siemens Healthineers (OTC:SEMHF) merges with Varian Medical Systems (NYSE:VAR) in $16B deal.
SpaceX (SPACE) and NASA splashdown breaks 45-year drought.
Blackstone (NYSE:BX), TPG rejigger REIT debt to sidestep margin calls.
Iran stock market hits record high despite sanctions and battered economy.
Today's Markets In Asia, Japan +2.24%. Hong Kong -0.56%. China +1.75%. India -1.64%. In Europe, at midday, London +0.56%. Paris +0.97%. Frankfurt +1.86%. Futures at 6:20, Dow -0.05%. S&P +0.10%. Nasdaq +0.52%. Crude -1.32% to $39.74. Gold +0.02% to $1,986.30. Bitcoin -0.75% to $11,164. Ten-year Treasury Yield +1.3bps to 0.549%
Today's Economic Calendar 9:45 PMI Manufacturing Index 10:00 ISM Manufacturing Index
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Re: @RGrottola, DNVGL. Keynote from Shanghai Blockchain International Week

Save us the trouble of translating: posting here since it’s too long for the daily thread.
From Chainnews.com.
Re: @RGrottola, DNVGL
”Norwegian Centennial Enterprise DNV GL Senior Vice President: The real potential of the blockchain is to promote the transition from a linear economy to a circular economy
Chain Express Coupon Logo Logo Chain Express · September 18, 2019 13:12 On September 17, 2019, "2019 Shanghai Blockchain International Week" officially kicked off in Shanghai. This event was hosted by Wanxiang Blockchain Lab to "Blockchain New Economy: New Decade, New Starting Point" As the theme, focus on the industry's ten-year changes and look forward to a new future. The real potential of blockchain technology for society is to promote the shift of the linear economy to the circular economy. Renato Grottola, senior vice president of DNV GL, shared the practical case of the blockchain reshaping the trust industry. Image (50).jpg
The following is the full text of Mr. Renato Grottola's speech.
First of all, I would like to thank the Wanxiang Blockchain Lab for inviting me to participate in the blockchain global summit. This is my second time in Shanghai to participate in the blockchain conference. I would like to share with you the work done by DNV GL on the blockchain. For us, the blockchain is a disruptive technology. First of all, I will first introduce our current work and future plans.
At present, the blockchain has become an important part of our business. Let me introduce myself first. I am the global head of DNV GL digital transformation. My company is not a startup company, an established company founded 155 years ago, a Norwegian company. We are a non-profit foundation, the industry is a third-party credibility industry, and the blockchain is very similar, because the blockchain is a trusted machine. The company has multiple businesses that provide customers with a variety of services to build trust, such as verification, certification, and other businesses, ensuring that there is sufficient trust in the transactions between the customer and the supplier so that the transaction can be successfully executed. When we started to get in touch with the potential technology of the blockchain, a few years ago, we started to study the blockchain in 2015. When we read the relevant articles in the blockchain, we saw that the blockchain would kill all the intermediaries. At that time, I thought we were going to be unemployed, and the industry was going to disappear, so I began to try to analyze this technology and try to understand How to protect yourself.
It quickly became clear that for DNV GL and other companies, this technology will give us many opportunities to create new business value for us. Why? First of all, let me introduce that trust is actually the origin or cornerstone of any type of transaction. In fact, trust is not only important when transferring value between customers and suppliers, but also the execution of any transaction is inseparable from trust. In normal business life, the cost of trust is implicit in the price of products and services, and we have defaulted to the cost of such a trust. Trust has a cost, so there are many services, many business models, and if you have trust, you can be proud of it. But be aware that the cost of trust now is too expensive compared to the price of a single transaction.
The third point I want to talk about is the impact of digitization on trust, which changes the nature of the transaction and therefore the type of trust required to execute the transaction. Give everyone an example, think about the transaction between the machine and the machine or no one. In this kind of transaction, a large number of IoT technologies will bring us 3 trillion transactions per day. The transaction amount per transaction is very small, but the frequency of transactions is very high. There is no cheaper form of trust. Making this type of transaction feasible is economical.
So in this respect the blockchain can really influence or reshape our future. Why? First of all, as a developer, everyone knows about the blockchain far more than me. The blockchain actually transforms the process of trust creation. It has replaced some elements of trust, making the process of trust creation more transparent. , security and decentralization. More dependent on calculations. So far, companies like DNV GL have been acting as intermediaries to provide buyers and sellers with the necessary trust to execute transactions. So the question we are facing now is that we still have the need in the future? Is it necessary to have a technology like blockchain? In society, do we still have status? Does the blockchain solve all the trust problems in any transaction? The answer is, to some extent, to see why.
Because in the digital world, if we talk about value transfer or the transfer of value of a pure asset, there is really no need for intermediation. The blockchain itself can provide all the necessary elements to enable the successful execution of digital asset transactions. In this case, the blockchain is a necessary element of trust, and the trust mechanism provided by the third party is no longer needed to promote The value of digital assets has shifted. But in the real world, when digital transactions involve physical objects, such as products, services, processes, and even people, blockchains are not enough. Because we still need to ensure that the information we use to make decisions, which actually represents the real thing or the service itself. This information is consistent with the facts. This is actually a blockchain that cannot be implemented, so the blockchain is still an essential element of our trust mechanism. If the transaction involves physical objects, the blockchain itself is not enough. When it comes to physical objects, processes, and non-native digital assets, the blockchain technology itself is not enough. This is why we will study this technology in depth. Working with the unique chain of VeChain, I hope to deploy a new concept. Two years ago we had released a new concept, digital certification, which integrates the blockchain with other activities. Other activities are human-based or digital-based, providing all the necessary elements to ensure physical assets or The transaction of the process is new.
Regardless of the relationship between the customer and the supplier, and any stakeholder is trustworthy, including public government departments and so on. As I delve into, at the beginning of this journey, we realized that we must be very cautious when it comes to new business models and new services, because this work is very difficult. So the first implementation we made, this project is our project with Deloitte and the only chain VeChain, which is very important for us. When we perform any confidence-building activities, our ultimate goal is to send a statement, perhaps a certificate of the management system or any other statement. The first thing we did was to turn this statement into a digital asset. So at present our certification declaration is a token, which can be shared and traded between the parties, and is basically an untouchable token. This product is in compliance with regulatory requirements. This statement is on the smart contract. Anyone can verify its authenticity and reliability. If there is a problem with the certificate, we will immediately withdraw the certification statement, so there is no risk of fraud. The solution was released at the end of 2017 and is now fully developed and is driven by the blockchain.
The first project started this year, and we have provided this platform to our customers so that our customers can create and share their own compliance statements. In the near future, it is very important for large-scale promotion. In the near future, digital assets will be placed in digital wallets. We will provide digitally certified wallets to 900,000 customers. We will provide this service at the end of January 2020. We will continue to cooperate with Weigel and Deloitte. of. Yesterday, Mr. Lu said that there are 470,000 active users in the Bitcoin community. By January 2021, we will have 900,000 active users to use this digital wallet. There are digital assets in the wallet, and there are some features that can enter the blockchain. Among the supported ecosystems.
When it comes to the relationship between the blockchain and the supply chain, we often focus on the benefits that the blockchain will bring to the supply chain, for example, it will increase the efficiency of supply activities. For example, if we can trace the traces of the product, such a tracking solution actually proves the value of the blockchain for the supply chain. We are convinced that the true value of promoting blockchain technology far exceeds its value in the traditional blockchain. The real potential of blockchain technology is its ability to create a community and create an ecosystem. This kind of organizational entity can empower new business models, such as shared and circular economy business models, and we are convinced that the future of the blockchain is closely related to any business model based on shared and circular economy. So the benefits of blockchain or the benefits of tokenization are actually very large.
I want to give you a few examples, some of the work we do. Back in the traditional supply chain, we have launched a solution since January 2019, which is available to food and beverage customers. You will see this solution, which basically combines the tracking and tracking of the blockchain characteristics with some business considerations. These business considerations are very important for the company. In the beginning, I talked about trust. In fact, there has been a shift in trust in society. In particular, after 00 and 90, more and more rely on the product itself, rather than relying on the brand. So this program combines our classic verification activities with blockchain to provide real stories to any consumer. It combines the benefits of the blockchain, which is to trust this aspect and all product-related information, to provide it to consumers. If the consumer comes into contact with the product, they can see all the information about the product. This product was launched in Italy and involved three wine manufacturers. One of them is Italy's largest wine producer. Everyone knows that Italy is the world's largest wine producer. The potential market is 2.7 billion bottles a year. This is only in Italy, so this program has been mass-produced and is based on Chain VeChain's blockchain technology is done.
Norwegian Centennial Enterprise DNV GL Senior Vice President: The real potential of the blockchain is to promote the transition from a linear economy to a circular economy
I will spend a few more minutes talking about the future. I just said that the future of the blockchain is closely related to the model of circular economy. Where is our future?
We are convinced that our future is to create an ecosystem that uses blockchains while at the same time stimulating good behavior and leveraging the principles of any circular economy. Minimize negative externalities, such as carbon dioxide emissions. Or another example, there are activities that may increase the share of recyclable products. By using tokenization, we can reach the right platform at the right time by ensuring any type of incentive mechanism. We believe this is a huge opportunity for the blockchain to enable the blockchain to be large-scale. Landing.
Recently in July, we signed an agreement with a small European country, and we worked with the country to create an ecosystem. All citizens will participate in this ecosystem. There are 35,000 people in this small country, and every citizen has their own wallet. If the public has good behavior, they will be motivated, that is, if the citizens use shared travel instead of driving by themselves, they will be rewarded. If they act to reduce carbon dioxide emissions, save energy or save water, they can get rewards. This reward will be placed in the smart contract and will be verified by us, and the citizen will be able to enter the early ecosystem to get established. This token will be accepted by the government as a tax incentive, and citizens can use this reward to shop in the store. This is a very good opportunity for us to try out how this technology can create value for us in a small country. At the same time, we are able to ensure compliance with all existing regulatory requirements.
At the end of the speech, share with us the lessons we have learned.
First, the era of proof of concept is over, so the company has no time to announce projects that are only in the proof of concept phase. Everyone is thinking about this solution, is there a chance to land on a large scale, so the blockchain is not a tool for proof of concept. We need to use the blockchain to really make an impact, rather than using it as an eye-catching propaganda tool. Second, not all blockchains are suitable for us, so it is most important to choose the right blockchain partner to support our business development. Because value is not actually in the technology itself, this value is the perfect integration of technology and business processes, so we must apply the blockchain technology from a business perspective. Based on this, we have cooperated with the unique chain VeChain. Third, the enemy of the massive blockchain landing is not a regulation, but a lack of supervision. If there is no supervision, it will slow down the pace of promoting blockchain technology. If there is no regulation, most companies do not have enough courage to adopt the blockchain, so this is something the government should pay attention to. There is also an enemy in the blockchain. In the community itself, the argument of one coiners and alt coiners (supporting the coin) is actually a debate between Bitcoin and its world, which is a huge obstacle to the large-scale landing of this technology. I think the blockchain community should be consistent and promoted together to promote the large-scale landing of blockchain technology, not just financial technology or transfer payments, so that more companies can truly understand the value of blockchain. . Finally, the real potential of blockchain technology for society is to promote the shift of the linear economy to a circular economy.”
submitted by Orionthehunt3r to Vechain [link] [comments]

Vechain in the last 30 Days: Apotheosis, Blockchain X, BMW, University partnership, DApp ecosystem, BitOcean ICO, Carbon banking, Live use cases, Early adopter rewards and more

This post is for those who are new to Cryptocurrency or want to find out more about VeChain. The text "VeChain" has been banned in this subreddit for the last 30 days. For more details about the ban itself, please visit this cryptocurrencymeta post. Changes have been made and official channels of communications have been opened up to prevent this from happening in the future.
All feedback is welcome, and all discussion is encouraged, but please no moon-posting, ridiculous price speculation or baseless FUD. Looking forward to answering any questions you guys have :) VeChain Foundation COO Kevin Feng is holding a Business AMA with Boxmining today, so new information is coming very soon.

TL:DR.

Updates from the last 30 days

It's been a big month for VeChain as they have continued to work and share with the community. Here are the updates from their Official Medium channel and Reddit Rebrand Post

New website - https://www.vechain.org/

It has loads of useful information and a well produced introduction video. I would highly recommend reading through the website to get an idea of the scope of what VeChainThor is trying to accomplish.
"We are controlled by the few, the powerful and the greedy. We should be free. Free to choose, to trade, to create. It is time for a new world, a world founded on safety and security. A world where everything you do creates power, power for all. And you, you will decide the shape of this world. The power to change the future, is in your hands. VeChain." VeChain Introduction Video

What is Blockchain X?

Blockchain X is a global enterprise level public blockchain platform. VeChainThor is referring to their network/protocol as Blockchain X, to differentiate it from Bitcoin (Blockchain 1.0) and Ethereum (Blockchain 2.0 = Blockchain 1.0 + Smart Contracts).

Blockchain X = Blockchain 2.0 + IoT + AI + VET/VeThor = A living digital ecosystem

  • Blockchain = structure - bones, muscle etc (immutable trustworthy network)
  • IoT = senses - touch, vision, taste, smell, sound (collect real world information from RFID/NFC/QR etc.)
  • VET/VeThor = bone marrow/blood - generate blood & circulate (value transfer on the network)
  • AI = brain - information synthesis (automation of network with deep learning)

VeChainThor: the top candidate for enterprise and government level adoption of Blockchain

VeChainThor has an extremely strong development plan geared towards enterprise and government level adoption. If successful in their execution, I see VeChain being the leading cryptoasset comparable to Ethereum in size. The reasons I believe they will succeed are due to their ecosystem development, innovative governance model, robust economic model and strong strategic partnerships. The evidence of their success is snowballing with each new enterprise level partner and client.

DApps & Ecosystem development

The infrastructure layer has adoption in mind at the very core. Governments and enterprises will prioritise safety and security before venturing into blockchain adoption. (Mentioned in the introduction video.) The core DApps, VeVID (Verified identity, KYC/AML), VeVOT (Voting, Governance tool) and VeSCC (Smart Contract Certification, Regulatory compliance) provide the safety and security that governments and enterprises will demand. Blockchain X will have built-in KYC/AML, Governance and Regulation compliance. This sets it apart from other protocols and ICO platforms.

Governance model

The governance model is a balanced mix of decentralisation and centralisation. With problems such as Bitcoin's scaling debate, it appears that a purely decentralised governance structure may be inefficient. VeChain will use a new model of a decentralised system through centralised channels. The final decisions will be made in a decentralised democratic process through VeVOT by stakeholders with voting authority. I believe this model will be more widely adopted as it retains some of the efficient centralised channels that enterprise & government are familiar with, while still giving overall control to the network participants via a democratic voting system.

Economic model

The two-token economic model splits the value in the network into VET and VeThor. VET's primary function is to generate VeThor. VeThor represents the underlying costs of using the VeChainThor blockchain. All smart contract execution and transactions will require payment with VeThor. Through the dynamic rate of VeThor generation, the fiat value of VeThor can be kept relatively stable. For example, if the VeThor price was too high due to an increase in enterprise demand, the VeThor generation rate can be increased, which increases supply, and brings the price back down. The opposite is also true if the VeThor price is too low. The way I see VET is a store of value, a representation of ownership of part of the network and the right to use the network. Whereas VeThor is the perfect medium of exchange and a pure utility token. By using a two-token system, VeThor can have a stable fiat value over a long period of time. A company will be able to calculate how much VeThor will be needed for a consistent fiat value year after year and will be able to budget for this. This is extremely useful for enterprise and government level adoption since it removes the inherent price volatility from a nascent market like crypto.
VeChain also has a Node system, whereby holding VET generates additional rewards. Nodes of different levels will generate up to 200% additional VeThor compared to the base rate. This encourages long term staking in the network and decreases volatility. See the Apotheosis Part II article and X Series Node article for more information. A portion of VET supply will be locked up when nodes activate. Long term VET holders will not sell and downgrade their status. This decreased supply will lead to price increases. Early adopters (Deadline to stake: Before 20th March 2018) will be rewarded in the new X Series Node system. Features include exclusive participation in VeChain ecosystem project whitelists. (Something I'm excited about since I believe there will be a handful of reverse ICOs from traditional enterprise clients)

Technology

VeChain is planning on adding more than 100 additional full-time developers by the end of 2018.
For those interested in the technology of Blockchain X, I would direct you to the Medium AMAs where the VeChain team have provided detailed answers to common questions. Hardware 1, Hardware 2, Software 1 and Software 2 are worth a read.

Strategic partners

The three strategic partners each play a key role in VeChainThor's expansion. PWC has clients which make up 85% of the Fortune 500. DNV-GL is the preferred provider of those Fortune 500 companies for management systems certification services. PWC and DNV-GL will serve to introduce their enterprise clients to VeChain and increase adoption. BitOcean is positioning itself as a Fiat on-ramp for Crypto in Japan through physical ATMs and online exchanges, with approval by Japan's Financial Services Authority. BitOcean also plans to operate in China when regulations are finalised. BitOcean represents a Fiat/VET pairing that may serve to decouple VET/BTC and lead to independence of VET from the whims of BTC price.

Evidence of adoption to date: Existing clients & Investors

VeChain currently has 180 business opportunities in their pipeline for 2018 (compared to 4 use cases in 2016 and 22 in 2017). They have real uses cases and existing clients that range from medium to large enterprises. Revealed clients include Chinese Government Gui'an New Area project, BMW, Groupe Renault, DIG, Kuehne + Nagel, China Unicom, NRCC - State Tobacco, MLILY, Sunshine culture, Hubei Sanxin Cultural Media, Fanghuwang, YIDA future, Madeforgoods and iTaotaoke. Each of these partnerships deserve a detailed post on their own, they are all available on VeChain's Medium page. Taken together, it becomes clear what type of Ecosystem VeChainThor is trying to build.
Jiangsu Printed Electronics and Xiamen Innov Information Technology are technology partners and I suspect will be mass producing the RFID/NFC chips.
Breyer Capital and Fenbushi capital are the two featured investors on VeChain's website. Jim Breyer generally makes some pretty smart investment decisions. His only other crypto investments are Circle and Ethereum.
Bonus news: This week they are presenting with DNV-GL a cold chain supply chain solution at the Global Food Safety Initiative conference 2018. Zoom in and you'll see VeChain Intelligent Control Display System. DNV-GL have also launched their new digital assurance solution, My Story™. Four top Italian wine producers are using My Story™ under supervision of the Italian wine authorities. Twitter and DNVGL link.

China's potential

China is widely known to be anti-cryptocurrency but extremely pro-blockchain. China's "13th Five year plan 2016-2020" focuses on moving up in the value chain by abandoning old heavy industry and building up bases of modern information-intensive infrastructure, with blockchain and Smart Cities being a key technological focus. VeChain has achieved approval from the Government of the People's Republic of China with Gui'an New Area project, multiple mentions on state owned media (CCTV) and deals with state owned enterprises (China Tobacco). China will not fall behind in the international Blockchain race, they will finalise regulations and adopt Blockchain rapidly in the coming years. VeChain appears to be one of the leaders in the field, with their largest office in Shanghai and existing government connections.

Leader in the field

Last but not least, VeChain is leading the field in a number of areas.
  1. Academic research: VeResearch with Michigan State University #1 for supply chain management and another university to be announced
  2. Transparency: quarterly financial reports, regular social media updates, multiple AMAs, response to cryptocurrency ban, directly addressing FUD in official Telegram channels
  3. Corporate responsibility: cryptocurrency disaster recovery plan
  4. Environmental responsibility: Carbon bank initiative with DNV-GL

Skeptics section

In the interests of balanced discussion, I will update this section with skepticism I find in the comments below.
  1. "No whitepaper"
    • VeChain are working on a Whitepaper as part of their Q1 2018 goals. Information normally found in a Whitepaper has been made available through the development plan. I'm actually not too fussed about not having a whitepaper. For me evidence of enterprise adoption is a more useful indicator of how successful VeChainThor could be.
  2. "No official wallet" "No Mainnet"
    • VeChainThor has been operating as a private blockchain since June 2016. Public VeChainThor Blockchain Launch, VeChain Wallet with VeThor Forge Function will be released in Q2 2018 according to the roadmap.
  3. "VeChain are dumping their VET on the open market"
  4. "Can we talk about the fact that the BMW "partnership" is not really a partnership? VEN is allowed to participate into a startup program hosted by BMW. BMW is not a client. http://www.bmwstartupgarage.com/partner " - u/DutchDolt
    • "BMWstartupgarage" has neither been confirmed or denied by BMW or VeChain, it has been spread by a youtuber called "Crypto Gem"
    • Going to the website linked, BMW refers to successful participants as both partners and clients
    • This is still a developing partnership with details under NDA, however the VeChain/BMW link has been confirmed at the VeChain rebranding event and by Sarah VeChain Country Manager
  5. "Vote manipulation" "Shilling" "Brigading" "You're a paid shiller"
    • In the past VeChain Telegram Moderators wilfully participated in brigading, leading to the ban on the word "VeChain" for 30 days in cryptocurrency
    • It is difficult to differentiate manipulated behaviour and organic behaviour on Reddit, the moderators here do an amazing job getting rid of spam and detecting vote manipulation
    • The Official VeChain Foundation has stepped in to help Reddit moderators prevent VeChain vote manipulation
    • Official Telegram Rules: Brigading & Reddit links: We have a new policy regarding Reddit and 'brigading'. No brigading of any kind will be allowed. If you want to post a Reddit link, do so with the "np." prefix added to its URL, for example "np.reddit.com /CryptoCurrency". No spamming for upvotes, as it hurts both of our communities.
    • This is strictly enforced by Telegram moderators and results in a warning then an insta-ban for repeat offenders
    • https://imgur.com/a/sOva9 is being copy-pasted en masse by detractors as evidence of brigading
    • Image shows Boxminig feeling sorry for WTC PR team and a "np" link to a different thread
    • I wish I got paid to shill VeChain, I made this post to share a fundamentally strong crypto with the community _________________________________________________________________________________________

An interesting perspective supported by CEO Sunny Lu

NTSpike: VeChain Thor Is Positioning to Become THE #1 Enterprise dApp Platform, and Here's Why - A Systems Analyst's Perspective
Disclaimer: My holdings are 80% VEN and remainder in NEO, WTC, TKY, XRB, AMB
submitted by enozym111 to CryptoCurrency [link] [comments]

Interesting Articles on VeChain's Past Tying to Relevance Today (Sourced)

Hey community,
Been lingering here since 2017. Was bored tonight so grabbed a couple beers, hopped on Google and searched VeChain filtering dates back to 2016 & 2017. Figured I'd pop some articles here with a bullet or two under each containing the information I found relevant. If you find anything else relevant, whether it's information in the sources, or other dated, lets get a discussion going!

March 7 2016 https://siliconangle.com/2016/03/07/technology-startup-highlights-from-blockchain-conference-sf-2016-blockchainsf/

April 29 2016 https://bitcoinmagazine.com/articles/ibm-launches-blockchain-cloud-services-and-releases-hyperledger-code-on-bluemix-1461950136

June 30 2016 https://bitcoinmagazine.com/articles/hyperledger-global-expansion-adds-seven-new-members-to-blockchain-initiative-1467302290

August 23 2016 https://36kr.com/p/5113398 (page needs translation for English readers)

October 27 2016 https://siliconangle.com/2016/10/27/bitcoin-weekly-new-mobile-wallet-technology-and-blockchain-implementations-emerge/

November 14 2016 https://www.nfcworld.com/2016/11/14/348460/fashion-brand-adds-nfc-blockchain-authentic-personal-clothing/

September 14 2017 https://www.fooddive.com/news/how-blockchain-will-restore-consumer-confidence-in-food-safety/503846/

December 25 2017 https://news.bitcoin.com/no-tout-six-token-sale-questions-clarified-by-the-sec/

December 30 2017 https://www.coindesk.com/china-blockchain-maybe-2018
submitted by l00se_g00se to Vechain [link] [comments]

Daily Discussion - January 12th, 2018

Dates of interest:
Today: NEO meetup with Zeepin, OKWave & DeepBrain in Hamburg Source: https://www.meetup.com/Bitcoins-And-Emerging-Tech-That-Changes-The-World/events/243541717/ January 13th, 2018: NEO meetup with NEX, Moonlight, QLink, Zeepin, DeepBrain, OKWave & QRC in Amsterdam Source: http://amsterdam.neonewstoday.com/ January 13th, 2018: NEO Programming Day 1 in Shanghai Source: http://www.huodongxing.com/event/3420981153400 January 17th, 2018: NEO attending Blockchain Innovation conference in Seoul Source: http://gametoc.hankyung.com/news/articleView.html?idxno=46335 January 20th, 2018: NEO Meetup in Vienna Source: https://metalab.at/wiki/NEO_Blockchain_Meetup January 25th, 2018: COZ dApps competition: submission open Source: http://cityofzion.io/dapps/2 January 30th - 31st, 2018: NEO Devcon in San Francisco, Silicon Valley Source: http://devcon.neo.org/ February 25th, 2018: COZ dApps competition: submission deadline Source: http://cityofzion.io/dapps/2 March 15th, 2018: Deadline for NEO Sponsor Giveback Source: https://neo.org/blog/details/3046 March 31st, 2018: Deadline for 1st NEO Dev Competition Source: https://neo.org/competition.html 
Reports:
Infos:
submitted by fabwa to NEO [link] [comments]

AMA Summary

By popular demand, I've taken the automatically-generated transcript of the AMA video and broken it down to bullet points. Of course, this is not a word-for-word transcription and I've paraphrased a few things, so it's highly recommended you watch it for yourself: https://youtu.be/FGOSDZbETr4
Team Goals/Priorities – seen in current and future job postings
Coin accessibility
Adoption
Project Apollo
Awareness about Aion (video choppy here)
Unity Economics
Building the next “Killer App”
Enterprise Ethereum Alliance
WinMiner
Hackathons
Awareness in developer communities
Marketing
Java developer interest
Integrations
Market position
MavenNet
TRS
Interoperability
Anthony “Pomp” Pompliano interview
(Video skipped)
Big Enterprises
Singularity University
Charles Hoskinson/IOHK/Cardano
Challenges as FoundeCEO
European presence
ConsenSys
Value to Aion
Interoperability (part 2)
Runway
Thank you so much for being patient with us. Stay tuned for our weekly AMAs from different members of the team, community surveys, and these quarterly video AMAs. There's going to be a lot more information coming out of the project especially as we wrap up Unity.
submitted by a_toad_a_so to AionNetwork [link] [comments]

Daily Discussion - December 22nd, 2017

Dates of interest:
December 23rd, 2017: Beijing NEO Technology Conference Source: https://neo.org/blog/details/3052 December 30th, 2017: NEO Blockchain Programming Day, Shanghai Source: http://www.huodongxing.com/event/2418409150100 December 31st, 2017: Deadline for Sign-up Invitation to NEO DevCon Source: https://neo.org/blog/details/3048 January 8th, 2018: NEO meetup with Zeepin, DeepBrain & QRC in Dublin Source: https://www.meetup.com/NeoDublin/events/246018199 January 10th, 2018: NEO meetup with COZ & QLink in London Source: https://www.meetup.com/London-NEO-Meetup/events/246074086/ January 12th, 2018: NEO meetup with Zeepin, OKWave & DeepBrain in Hamburg Source: https://www.meetup.com/Bitcoins-And-Emerging-Tech-That-Changes-The-World/events/243541717/ January 13th, 2018: NEO meetup with NEX, Moonlight, QLink, Zeepin, DeepBrain, OKWave & QRC in Amsterdam Source: http://amsterdam.neonewstoday.com/ January 20th, 2018: NEO Meetup in Vienna Source: https://metalab.at/wiki/NEO_Blockchain_Meetup January 25th, 2018: COZ dApps competition: submission open Source: http://cityofzion.io/dapps/2 End of January, 2018 (TBA): NEO Devcon in Silicon Valley Source: http://devcon.neo.org/ February 25th, 2018: COZ dApps competition: submission deadline Source: http://cityofzion.io/dapps/2 March 15th, 2018: Deadline for NEO Sponsor Giveback Source: https://neo.org/blog/details/3046 March 31st, 2018: Deadline for 1st NEO Dev Competition Source: https://neo.org/competition.html 
Reports:
Infos:
submitted by fabwa to NEO [link] [comments]

Daily Discussion - December 23rd, 2017

Dates of interest:
Today: Beijing NEO Technology Conference Source: https://neo.org/blog/details/3052 December 30th, 2017: NEO Blockchain Programming Day, Shanghai Source: http://www.huodongxing.com/event/2418409150100 December 31st, 2017: Deadline for Sign-up Invitation to NEO DevCon Source: https://neo.org/blog/details/3048 January 8th, 2018: NEO meetup with Zeepin, DeepBrain & QRC in Dublin Source: https://www.meetup.com/NeoDublin/events/246018199 January 10th, 2018: NEO meetup with COZ & QLink in London Source: https://www.meetup.com/London-NEO-Meetup/events/246074086/ January 12th, 2018: NEO meetup with Zeepin, OKWave & DeepBrain in Hamburg Source: https://www.meetup.com/Bitcoins-And-Emerging-Tech-That-Changes-The-World/events/243541717/ January 13th, 2018: NEO meetup with NEX, Moonlight, QLink, Zeepin, DeepBrain, OKWave & QRC in Amsterdam Source: http://amsterdam.neonewstoday.com/ January 20th, 2018: NEO Meetup in Vienna Source: https://metalab.at/wiki/NEO_Blockchain_Meetup January 25th, 2018: COZ dApps competition: submission open Source: http://cityofzion.io/dapps/2 End of January, 2018 (TBA): NEO Devcon in Silicon Valley Source: http://devcon.neo.org/ February 25th, 2018: COZ dApps competition: submission deadline Source: http://cityofzion.io/dapps/2 March 15th, 2018: Deadline for NEO Sponsor Giveback Source: https://neo.org/blog/details/3046 March 31st, 2018: Deadline for 1st NEO Dev Competition Source: https://neo.org/competition.html 
Reports:
Infos:
submitted by fabwa to NEO [link] [comments]

An Eventful Year: Over 75 days of NEO Meetups, Workshops and Hackathons in 2018

NEO has been very busy this year. In addition to the core development progress, we’ve seen a level of community building/outreach that no other project in blockchain can seem to match. I thought it would be cool to look back on all the events and hackathons that NEO hosted or supported over the course of this year.
It should be noted that I am not including any large-scale blockchain conferences (other than the NEO DevCon), no matter how notable. Any project leader can show up to an event and hold a few interviews, or offer a few sound bites in a speech. This is a post about the NEO team’s tangible efforts to finance and encourage decentralized community development by hosting dedicated NEO workshops and meetups around the world. To this end, I have attempted (no promises, this was a lot of data to go through) to omit all events without direct support/representatives from the NEO core team (sorry Dylan, I’ll buy you a beer at DevCon!)
I think this is a huge indicator as to the motives of the core NEO team and is something far too few people know about. There is still this ridiculous notion floating around that NEO is reliant on the Chinese government to succeed, despite the massive global community that has been built to support the platform’s long-term success.
Two things to note before the list. Firstly, a lot of these events would not have been possible without the hard work of various NEO dApp project/dev community leaders and other community members. By no means do I wish to undermine their contributions by giving full credit to the NEO core. A lot of people pitched in to make these things happen.
Secondly, I’d also like to give a huge shout out to NEO News Today for its consistent and excellent coverage of all news within the NEO ecosystem. This list would not have been possible without it. For those of you who do not know, I started writing for NNT in July and joined as an editor in October. I feel incredibly blessed to have the opportunity to work with such a kind and talented group of individuals. I have much to learn from each of them.
Without further ado, here’s the list.
January
8th: NEO Meetup in Dublin, Ireland
10th: NEO Developer Meetup in London, UK
11th: NEO Developer Workshop in Hamburg, Germany
12th: Blockchain Mania #6 in Hamburg, Germany
13th: NEO Community Meetup in Amsterdam, Netherlands
13th: NEO Programming Day in Shanghai, China
20th: NEO Smart Economy Meetup in Vienna, Austria
30th-31st: NEO DevCon 2018
February
10th-11th: NEO Community Meetup in Tokyo and Osaka, Japan
23rd-25th: NEO at START Hack 2018 in St. Gallen, Switzerland
24th-25th: NEO at HackCU IV 2018 in Boulder, Colorado
March
3rd: NEO APAC Tour in Marina Bay Sands, Singapore
5th: NEO APAC Tour Meetup & Workshop in Tokyo, Japan
8th: NEO Developer Workshop in Ho Chi Minh, Vietnam
9th: NEO Developer Workshop in Cambridge, UK
11th: NEO APAC Tour in Taipei, Taiwan
12th: NEO APAC Tour in Melbourne, Australia
16th: NEO Sydney Meetup in Sydney, Australia
16th: NEO Seoul Workshop & Meetup in Seoul, South Korea
April
12th: NEO Meetup & Dev Workshop in Tokyo, Japan
13th-15th: NEO x QRC Global Hackathon in Tokyo, Japan
14th-15th: NEO Conference and Hackathon in Amsterdam, Netherlands
17th: NEO Europe Tour in Lisbon, Portugal
19th: NEO Smart Economy Blockchain Meetup in San Fransisco, US
20th: NEO Europe Tour in Madrid, Spain
22nd: NEO Europe Tour in Paris, France
24th: NEO Europe Tour in Vienna, Austria
26th: NEO Europe Tour in Zurich, Switzerland
May
7th: NEO Community Meetup in Santiago, Chile
12th: NEO Community Meetup in Rio de Janerio, Brazil
14th: NEO and Niobium in Sao Paulo, Brazil
June
6th: NEO Python Workshop in Tel Aviv, Israel
9th: NEO Blockchain Challenge in Shenzhen, China
14th: NEO Smart Contract Workshop in Rotterdam, Netherlands
17th: NEO Blockchain Challenge in London, UK
20th: NEO Workshop in Geneva, Switzerland
23rd: Weekly NEO Hackathons in Tokyo and Osaka, Japan
July
1st: Yahoo! NEO Blockchain Meetup and Workshop in Osaka, Japan
20th: NEO Blockchain Creator Competition in Shanghai, China
August
10th: NEO Blockchain Introduction Class in Shanghai, China
24th: NEO Blockchain Advanced Class in Shanghai, China
24th-26th: NEO Blockchain Challenge in Tokyo, Japan
September
3rd & 5th: Smart Economy Meetup & Blockchain Summit in Montevideo, Uruguay
5th: NEO Meetup in Cyberjaya, Malaysia
9th: NEO Blockchain Open Class in Shanghai, China
19th: NEO Consensus Week Meetup in Singapore
22nd-23rd: NEO Blockchain Challenge in Chengdu, China
October
2nd: NEO Blockchain Meetup in Helsinki, Finland
20th: NEO Blockchain Open Course in Shanghai, China
20th-21st: NEO Blockchain Hackathon in Rotterdam and Delft, Netherlands
23rd: NEO Meetup and Workshop in St. Petersburg, Russia
26th: NEO Meetup and Workshop in Berlin, Germany
27th-28th: NEO Camp Hackathon in Berlin, Germany
November
3rd-4th: NEO Blockchain Hackathon in Zurich, Switzerland
10th: NEXT/NEOFANS Meetup in Hangzhou, China
23rd-25th: Hack Junction NEO DAO Voting in Espoo, Finland
30th: NEO Blockchain Meetup in St. Petersburg, Russia
December
8th-9th: NEO SPCC Hackathon in St. Petersburg, Russia
That’s over 75 days of NEO events this year (and I definitely missed some). Not bad eh. Of course, this is only a list of events. We’ve also seen solid progress on the core infrastructure, the formation of multiple new dev communities, and various impressive projects joining the network.
This is the reality of what progress towards decentralization looks like. The NEO community outreach has gone far above and beyond what any other blockchain project has achieved (to my knowledge). Sure, there’s value to a pile of partnerships, but do not mistake those partnerships for realistic progression towards the future of blockchain. The goal of blockchain is to put power back into the hands of the people and to hand off control of these platforms to their respective communities. It seems no project is prioritizing this on the same level as NEO.
At this point, it feels like it wouldn’t particularly matter what happens in China. The NEO team and broader community have spent vast amounts of time and resources educating developers about NEO. Progress on this platform is not tied to the core team. That is the heart of decentralization, and it is why NEO will not be easily stopped.
submitted by Edgegasm to NEO [link] [comments]

My growing collection of info about NEO

It can be very time consuming to keep up to date on a single blockchain project let alone multiple ones. If you just heard about NEO a few weeks ago it would be impossible catch up on past occurrences due to high volume of Reddit posts and articles made on the project. I’m going to try and simplify the past, present and future as much as I can into one well thought-out post. I hope I can be helpful to anyone who has been investigating like myself. I will include sources with all of my research.
https://imgur.com/a/NBI7S (img for mobile backround)
Key notes from the White Paper http://docs.neo.org/en-us/
Digital Assets
Digital assets are programmable assets that exist in the form of electronic data. With blockchain technology, the digitization of assets can be decentralized, trustful, traceable, highly transparent, and free of intermediaries. On the NEO blockchain, users are able to register, trade, and circulate multiple types of assets. Proving the connection between digital and physical assets is possible through digital identity. Assets registered through a validated digital identity are protected by law.
Digital Identity
Digital identity refers to the identity information of individuals, organizations, and other entities that exist in electronic form. The more mature digital identity system is based on the PKI (Public Key Infrastructure) X.509 standard. In NEO, we will implement a set of X.509 compatible digital identity standards. This set of digital identity standards, in addition to compatible X.509 level certificate issuance model, will also support Web Of Trust point-to-point certificate issuance model. Our verification of identity when issuing or using digital identities includes the use of facial features, fingerprint, voice, SMS and other multi-factor authentication methods.
Smart Contracts
The NeoContract smart contract system is the biggest feature of the seamless integration of the existing developer ecosystem. Developers do not need to learn a new programming language but use C#, Java and other mainstream programming languages in their familiar IDE environments (Visual Studio, Eclipse, etc.) for smart contract development, debugging and compilation. NEO's Universal Lightweight Virtual Machine, NeoVM, has the advantages of high certainty, high concurrency, and high scalability. The NeoContract smart contract system will allow millions of developers around the world to quickly carry out the development of smart contracts.
Economic Model
NEO has two native tokens, NEOand NeoGas NEO represents the right to manage the network. Management rights include voting for bookkeeping, NEO network parameter changes, and so on. The minimum unit of NEO is 1 and tokens cannot be subdivided. GAS is the fuel token for the realization of NEO network resource control. The NEO network charges for the operation and storage of tokens and smart contracts, thereby creating economic incentives for bookkeepers and preventing the abuse of resources. The minimum unit of GAS is 0.00000001.
Distribution Mechanism
NEO's 100 million tokens are divided into two portions. The first portion is 50 million tokens distributed proportionally to supporters of NEO during the crowdfunding. This portion has been distributed.
The second portion is 50 million NEO managed by the NEO Council to support NEO's long-term development, operation and maintenance and ecosystem. The NEO in this portion has a lockout period of 1 year and is unlocked only after October 16, 2017. This portion WILL NOT enter the exchanges and is only for long-term support of NEO projects. The plans for it are as below:
▪ 10 million tokens (10% total) will be used to motivate NEO developers and members of the NEO Council
▪ 10 million tokens (10% total) will be used to motivate developers in the NEO ecosystem
▪ 15 million tokens (15% total) will be used to cross-invest in other block-chain projects, which are owned by the NEO Council and are used only for NEO projects
▪ 15 million (15% total) will be retained as contingency
▪ The annual use of NEO in principle shall NOT exceed 15 million tokens
GAS distribution
GAS is generated with each new block. The initial total amount of GAS is zero. With the increasing rate of new block generation, the total limit of 100 million GAS will be achieved in about 22 years. The interval between each block is about 15-20 seconds, and 2 million blocks are generated in about one year. According to this release curve, 16% of the GAS will be created in the first year, 52% of the GAS will be created in the first four years, and 80% of the GAS will be created in the first 12 years. GAS will be distributed proportionally in accordance with the NEO holding ratio, recorded in the corresponding addresses. NEO holders can initiate a claim transaction at any time and claim these GAS tokens at their holding addresses.
Consensus mechanism: dBFT
The dBFT is called the Delegated Byzantine Fault Tolerant, a Byzantine fault-tolerant consensus mechanism that enables large-scale participation in consensus through proxy voting. The holder of the NEO token can, by voting, pick the bookkeeper it supports. The selected group of bookkeepers, through BFT algorithm, reach a consensus and generate new blocks. Voting in the NEO network continues in real time, rather than in accordance with a fixed term.
Cross-chain assets exchange agreement
NeoX has been extended on existing double-stranded atomic assets exchange protocols to allow multiple participants to exchange assets across different chains and to ensure that all steps in the entire transaction process succeed or fail together. In order to achieve this function, we need to use NeoContract function to create a contract account for each participant. If other blockchains are not compatible with NeoContract, they can be compatible with NeoX as long as they can provide simple smart contract functionality.
Cross-chain distributed transaction protocol
Cross-chain distributed transactions mean that multiple steps of a transaction are scattered across different blockchains and that the consistency of the entire transaction is ensured. This is an extension of cross-chain assets exchange, extending the behavior of assets exchange into arbitrary behavior. In layman's terms, NeoX makes it possible for cross-chain smart contracts where a smart contract can perform different parts on multiple chains, either succeeding or reverting as a whole. This gives excellent possibilities for cross-chain collaborations and we are exploring cross-chain smart contract application scenarios.
Distributed Storage Protocol: NeoFS
NeoFS is a distributed storage protocol that utilizes Distributed Hash Table technology. NeoFS indexes the data through file content (Hash) rather than file path (URI). Large files will be divided into fixed-size data blocks that are distributed and stored in many different nodes
Anti-quantum cryptography mechanism: NeoQS
The emergence of quantum computers poses a major challenge to RSA and ECC-based cryptographic mechanisms. Quantum computers can solve the large number of decomposition problems (which RSA relies on) and the elliptic curve discrete logarithm (which ECC relies on) in a very short time. NeoQS (Quantum Safe) is a lattice-based cryptographic mechanism. At present, quantum computers do not have the ability to quickly solve the Shortest Vector Problem (SVP) and the Closest Vector Problem (CVP), which is considered to be the most reliable algorithm for resisting quantum computers.
Reasons for choosing dBFT over PoW and PoS:
With the phenomenal success of Bitcoin and its increasing mainstream adoption, the project’s unbounded appetite for energy grew accordingly. Today, the average Bitcoin transaction costs as much energy as powering 3.67 average American homes, which amounts to about 3000 times more than a comparable Credit Card settlement.
This mind boggling amount of energy is not, as it is commonly believed, being wasted. It is put to good use: securing the Bitcoin network and rendering attacks on it infeasible. However, the cost of this security mechanism and its implications for an increasingly warming and resource hungry planet led almost the entire crypto industry to the understanding that an alternative has to be found, at least if we’re interested in seeing blockchain technology gaining overwhelming mainstream adoption.
The most popular alternative to PoW, used by most alternative cryptocurrency systems, is called Proof-of-Stake, or PoS. PoS is highly promising in the sense that it doesn’t require blockchain nodes to perform arduous, and otherwise useless, cryptographic tasks in order to render potential attacks costly and infeasible. Hence, this algorithm cuts the power requirements of PoS blockchains down to sane and manageable amounts, allowing them to be more scalable without guzzling up the planet's energy reserves.
As the name suggests, instead of requiring proof of cryptographic work, PoS requires blockchain nodes to proof stake in the currency itself. This means that in order for a blockchain node to be eligible for a verification reward, the node has to hold a certain amount of currency in the wallet associated with it. This way, in order to execute an attack, a malevolent node would have to acquire the majority of the existing coin supply, rendering attacks not only costly but also meaningless, since the attackers would primarily harm themselves.
PoS, as well as PoW, simply cause the blockchain to fork into two alternative versions if for some reason consensus breaks. In fact, most blockchains fork most of the time, only to converge back to a single source of truth a short while afterwards.
By many crypto enthusiasts, this obvious bug is very often regarded as a feature, allowing several versions of the truth to survive and compete for public adoption until a resolution is generated. This sounds nice in theory, but if we want to see blockchain technology seriously disrupt and/or augment the financial sector, this ever lurking possibility of the blockchain splitting into two alternative versions cannot be tolerated.
Furthermore, even the fastest PoS blockchains out there can accomodate a few hundred transactions per second, compare that to Visa’s 56,000 tx/s and the need for an alternative becomes clear as day.
A blockchain securing global stock markets does not have the privilege to fork into two alternative versions and just sit and wait it out until the market (or what’s left of it) declares a winner. What belongs to whom should be engraved in an immutable record, functioning as a single source of truth with no glitches permitted.
After investigating and studying the crypto industry and blockchain technologies for several years, we came to the conclusion that the delegated Byzantine Fault Tolerance alternative (or dBFT) is best suited for such a system. It provides swift transaction verification times, de-incentivises most attack vectors and upholds a single blockchain version with no risk of forks or alternative blockchain records emerging - regardless of how much computing power, or coins an attacker possesses.
The term Byzantine Fault Tolerance (BFT) derives its name from the Byzantine Generals problem in Game Theory and Computer Science, describing the problematic nature of achieving consensus in a distributed system with suboptimal communication between agents which do not necessarily trust each other.
The BFT algorithm arranges the relationship between blockchain nodes in such a way that the network becomes as good as resilient to the Byzantine Generals problem, and allows the system to remain consensus even if some nodes bare malicious intentions or simply malfunction.
To achieve this, Antshare’s version of the delegated BFT (or dBFT) algorithm acknowledges two kinds of players in the blockchain space: professional node operators, called bookkeeping nodes, who run nodes as a source of income, and users who are interested in accessing blockchain advantages. Theoretically, this differentiation does not exist in PoW and most PoS environments, practically, however, most Bitcoin users do not operate miners, which are mostly located in specialized venues run by professionals. At Antshares we understand the importance of this naturally occurring division of labor and use it to provide better security for our blockchain platform.
Accordingly, block verification is achieved through a consensus game held between specialized bookkeeping nodes, which are appointed by ordinary nodes through a form of delegated voting process. In every verification round one of the bookkeeping nodes is pseudo-randomly appointed to broadcast its version of the blockchain to the rest of the network. If ⅔ of the remaining nodes agree with this version, consensus is secured and the blockchain marches on. If less than ⅔ of the network agrees, a different node is appointed to broadcast its version of the truth to the rest of the system, and so forth until consensus is established.
In this way, successful system attacks are almost impossible to execute unless the overwhelming majority of the network is interested in committing financial suicide. Additionally, the system is fork proof, and at every given moment only one version of the truth exists. Without complicated cryptographic puzzles to solve, nodes operate much faster and are able to compete with centralized transaction methods.
https://www.econotimes.com/Blockchain-project-Antshares-explains-reasons-for-choosing-dBFT-over-PoW-and-PoS-659275
OnChain
It is important to note the technical difference between Onchain and NEO. Onchain is a private VC-backed company with over 40 employees. NEO is a public platform with different community-led groups contributing to this public project. There exists NEO council comprised of the original NEO creators, employees from Onchain, full time NEO council members and there is also the first Western based group called City of Zion. This confusion is likely the source of the rumour about Antshares and Alibaba having a connection. Onchain and NEO are separate entities who are intimately related via cross-chain communications and similar designs.
Onchain, a Shanghai-based blockchain R&D company, first started developing Antshares in February of 2014 which will eventually become the foundation of DNA. Onchain was founded by CEO Da HongFei and CTO Erik Zhang in response to the attention from private companies garnered by the development of Antshares, China’s first public blockchain. In contrast to the weeks-old start-ups launching ICOs that is happening currently in the blockchain world, it took them 22 long months of R&D to even begin providing services to their first customers. Finally, in April 2016, the first whitepaper on consensus protocol from China was born — the dBFT (delegated Byzantine Fault Tolerance) protocol.
2016 was a busy year for Onchain and they really picked up the pace that year. Other than continuing the development of Antshares, brushing shoulders with Fortune 500 companies, Onchain became the first Chinese blockchain company to join Hyperledger — an open source blockchain project started by the Linux Foundation specifically focusing on the development of private and consortium chains for businesses. It is here where the Da HongFei and Erik Zhang, entered the hyperbolic time chamber that is now known as Fabric, a platform by Hyperledger for distributed ledger solutions, and has consequently helped them to develop many aspects underpinning the design of DNA.
In June of 2016, during the first of many future partnerships with Microsoft China, Onchain founded Legal Chain specifically targeting the inadequacies of the digital applications within the legal system. In 2005, (Digital Signature Act) was passed into national law which permitted an effective digital signatures to gain the same legal rights as a real signature.
In company with Microsoft China, they are also aiming to integrate the technology with Microsoft’s face and voice recognition API function to kick start this digital revolution within the legal system. At the same time, a partnership was formed with FaDaDa, a third-party platform for electronic contracts that has processed over 27 million contracts to date, to provide secure evidence storage with DNA. If that’s not enough, they were also voted as KPMG’s top 50 Fintech Company in China and established a relationship with the Japanese Ministry of Economy, Trade and Industry which led to the recent tour to Japan. Finally, at the end of 2016 they announced a partnership with Alibaba to provide attested email service for Ali Cloud with Legal Chain where it provides a proof-of-existence for a blockchain-powered email evidence repository for enterprise-level use.
Fosun Group, China’s largest private conglomerate, have recently invested into Onchain in order to apply DNA across all of its businesses. Currently, Fosun International has a market cap of 102.98 billion dollars on the Hong Kong Stock Exchange and that is only its international branch.
The role of Onchain so far is reminiscent of Ethereum’s EEA in addition to a stronger emphasis of governmental cooperation. Onchain has identified the shortcomings of present laser focus of hype on public platforms such as NEO and Ethereum and addressing that with DNA. DNA envisions a future where a network of assorted, specifically designed blockchains serving private enterprises, consortiums, government and the public communicating with each other forming an interconnected blockchain network.
This is the goal of DNA — infiltrating every little inefficient niche that had no better alternatives before the invention of blockchain. What is especially critical to remember during this explosive time of hype driven partly by the obscene degree of greed is that not every little niche that blockchain can fill will be holding its own little ICO for you to “go to the moon on your rocket powered lambos”. Some of those efficiencies gained will simply be consumed by companies privately or by public systems such as the legal system.
https://hackernoon.com/neo-onchain-and-its-ultimate-plan-dna-4c33e9b6bfaa
http://www.onchain.com/
https://github.com/DNAProject/DNA
https://siliconangle.com/blog/2016/10/20/onchain-partners-with-alibaba-for-blockchain-powered-email-evidence-repository/
https://www.reuters.com/article/us-fosun-blockchain/chinas-fosun-invests-in-local-version-of-bitcoin-tech-blockchain-idUSKCN1B30KM
City of Zion (CoZ)
City of Zion (CoZ) is a global community of open source enthusiasts, with the shared goal of helping NEO achieve its full potential. CoZ primarily operates through the community Slack and CoZ Github, central places where the community shares knowledge and contributes to projects.
CoZ is neither a corporation, nor a consulting firm or a devshop / for-hire group.
Members
https://imgur.com/a/Gc9jT
CoZ aims to be low barrier of entry, the process is straightforward:
  1. Join the channel #develop.
  2. Fork or create a project.
  3. Publish as open source.
  4. After a couple of contributions a CoZ council member will invite you to the proper channel for your contributions.
  5. Receive rewards and back to 3.
Unit testing - Ongoing effort to implement code coverage for the core
Integration testing - Tools for automated testing, performance metrics and functionality validation on private test nets
Continuous integration - Automated multi-platform testing of all pull requests at GitHub.
Deployment pipeline - Automated tools and processes to ensure fast and reliable updates upon code changes
New C# implementation (NEO2) - Improve code quality, speed & testability
Roadmap
https://imgur.com/a/4CDhw
dApps competition
https://cityofzion.io/dapps/1
10 prizes of 1350 GAS, with 500 GAS to be used for smart contract deployment. Currently 19 dApps registered. Deadline is 16 of November 11:59 EST.
https://drive.google.com/drive/folders/0B4wu5lNlukwybEstaEJMZ19kbjQ
Traveling
August 8th to August 12th:
From August 8th to August 12th, 2017, the NEO core team, led by founder & CEO Da Hongfei will travel to Japan to explore the forefront of Japan's Blockchain innovation. This trip represents the first in a series of trips around the world with the goal to foster international cooperation's and to keep up with the fast pace in Blockchain innovation. Starting in Japan, the NEO core team will visit famous local Blockchain research institutions and active communities to engage in bilateral communication. NEO will meet with Japanese tech-celebrities to gain insights about the latest developments in the Japanese Blockchain and digital currency community. Additionally, Japanese local tech media will conduct an interview allowing NEO to present its development status and its latest technological innovations.
https://www.reddit.com/NEO/comments/6ry4s9/japan_the_neo_core_team_starts_out_on_an/
https://www.youtube.com/watch?v=SgTQ32CkxlU
https://www.reddit.com/NEO/comments/6ssfx1/neo_meetup_in_tokyo_august_10th_2017_2100h/
19th August, 2017
Blockchain X Series - NEO example applications
20th August, 2017
NEO and Microsoft Azure host a blockchain programming training in Shanghai
23rd August, 2017
INNOxNEO Blockchain Open Nights: 2nd Meeting
24th August, 2017
NEO Meetup in Taipei
https://www.reddit.com/NEO/comments/6wbebneo_taipei_meetup_long_post/
13th September, 2017
INNOxNEO Blockchain Open Nights: 3rd Meeting
14th September, 2017
NEO Shanghai Meetup with NEO team
24th September, 2017
NEO Blockchain Programming Day - Hangzhou Station
27th September, 2017
INNOxNEO Blockchain Open Nights: 4th Meeting
27th September, 2017
First London NEO Developer Meetup!
4th October, 2017
First San Francisco NEO Developer Social!
14th-16th October, 2017
GNOME.Asia Summit 2017, Chongqing, China
21st October, 2017
NEO JOY, Exploring Blockchain application, Nanjing, China
26th October, 2017
Inaugural Global Fintech & Blockchain China Summit 2017
Networks proves itself with the first ICO
ICOs, on other platforms such as Ethereum, often resulted in a sluggish network and transaction delays. While NEO’s dBFT consensus algorithm is designed to achieve consensus with higher efficency and greater network throughputt, no amount of theoretical calculations can simulate the reality of real-life conditions.
--Key Observations--
Smart Contract Invocations:
A total of 13,966 smart contracts invocations were executed on the NEO network over this time period, of which, nearly all called the RPX smart contract method mintTokens. A total of 543,348,500 RPX tokens were successfully minted and transferred to user accounts, totalling 10,097 smart contract executions.
Refunded Invocations:
A total of 4182 refund events were triggered by the smart contract method mintTokens. (Note: RPX has stated that these refunds will be processed within the next two weeks.)
Crowdsale statistics:
A successful mintTokens execution used around 1043 VM operations, while an execution that resulted in a refund used 809 VM operations. Within the hour and six minutes that the token sale was active, a total of 12,296,409 VM operations were executed. A total of 9,575 unique addresses participated in the RPX ICO. Half of these, approximately 4,800 unique addresses, participated through CoZ’s Neon wallet. The top 3 blocks with the most transactions were block 1445025 (3,242 transactions), block 1444902 (2,951 transactions), and block 1444903 (1609 transactions).
Final Thoughts
At the moment, the consensus nodes for the NEO network are operated by the NEO Council in China. By Q1 2018, NEO Council aims to control less than two-thirds of the consensus nodes.
We are pleased to note that the NEO network continuted to operate efficiently with minimal network impact, even under extreme network events. Block generation time initially slowed down to 3 minutes to process the largest block, but quickly recovered to approximately 25 seconds. Throughout the entire RPX ICO, consensus nodes were able to achieve consensus and propagate new block transactions to the rest of the network. In closing, while we consider this performance to be excellent, NEO Council and City of Zion areworking closely together on upgrades, that will increase the throughputs of the NEO network.
Hyperledger
Members and governance of Hyperledger:
Early members of the initiative included blockchain ISVs, (Blockchain, ConsenSys, Digital Asset, R3, Onchain), well-known technology platform companies (Cisco, Fujitsu, Hitachi, IBM, Intel, NEC, NTT DATA, Red Hat, VMware), financial services firms (ABN AMRO, ANZ Bank, BNY Mellon, CLS Group, CME Group, the Depository Trust & Clearing Corporation (DTCC), Deutsche Börse Group, J.P. Morgan, State Street, SWIFT, Wells Fargo), Business Software companies like SAP, Systems integrators and others such as: (Accenture, Calastone, Credits, Guardtime, IntellectEU, Nxt Foundation, Symbiont).
The governing board of the Hyperledger Project consists of twenty members chaired by Blythe Masters, (CEO of Digital Asset), and a twelve-member Technical Steering Committee chaired by Christopher Ferris, CTO of Open Technology at IBM.
http://www.8btc.com/onchain-hyperledger
https://en.wikipedia.org/wiki/Hyperledger
“As a leading open-source contributor in China’s blockchain community, Onchain shares the same values as the Linux Foundation and the Hyperledger project intrinsically. We believe international collaboration plus local experience are key to the adoption of distributed ledger technology in China; we are also very excited to see other Chinese blockchain startups join Hyperledger and look forward to adding our combined expertise to the project.” Da Hongfei, Founder and CEO of Onchain
https://hyperledger.org/testimonials/onchain
Important Articles
Distribution technology DNA framework went through the national block chain standard test On May 16th, the first China block chain development competition in Hangzhou announced that Onchain, became the first through the national standard test block system.
http://www.51cto.com/art/201705/539824.htm?mobile
Da Hongfei and OnChain working relationship with Chinese Government
https://finance.sina.cn/2017-04-13/detail-ifyeifqx5554606.d.html?from=wap
http://www.gz.chinanews.com/content/2017/05-28/73545.shtml
The Chinese government is reportedly preparing to allow the resumption of cryptocurrency trading in the country in the coming months, with the required anti-money laundering (AML) systems and licensing programs in place.
https://coingeek.com/cryptocurrency-trading-poised-to-make-a-return-in-china-report/
Japanese Ministry of Economy, Trade and Industry - Working with OnChain and NEO
http://www.8btc.com/onchain-ribenjingjichanyesheng
Notice NEO will be invited to attend the INNO x Austrade China-Australia chain high-end exchange
AUSTRADE - The Australian Trade and Investment Commission is the official government, education and investment promotion agency of the Australian Government
https://mp.weixin.qq.com/s/LmXnW7MtzOX_fqIo7diU9A
Source for NEO/OnChain Microsoft Cooperation:
http://www.8btc.com/onchain-microsoft
Da Hongfei quotes
"There is no direct cooperation between Alibaba and NEO/Onchain, other than their mailbox service is using Law Chain to provide attested email service. In terms of Microsoft, yes we have cooperation with Microsoft China because NEO is built with C# and .NET Core, and NeoContract is the first in the world to support writing smart contract with C#"
https://www.reddit.com/NEO/comments/6puffo/we_are_da_hongfei_and_erik_zhang_founders_of_neo/dksm5ga/
"We have pretty good communication with government, with regulators. They don't have any negative impression with NEO and they like our technology and the way we deal with things. Regulation is not an issue for us"
https://www.youtube.com/watch?v=qpUdTIQdjVE&feature=youtu.be&t=1m16s
“Before they started cleaning up the market, I was asked for information and suggestions” “I do not expect the government to call me in the short-term and say, ‘Let’s use NEO as the blockchain technology infrastructure of China.’ But in the medium term? Why not? I think it’s possible.”
https://medium.com/@TheCoinEconomy/neo-founder-da-hongfei-advised-china-on-ico-exchange-ban-says-govt-4631b9f7971
-Upcoming Roadmap-
Decentralization of consensus nodes
▪ P2P Network optimization (2017Q4) – Network optimizations to ensure fast block generation after decentralization.
▪ Voting Algorithm Optimization (2017Q4) – Adjustments in voting algorithm to prevent identified attack vectors.
▪ Candidate List Website (2018Q1) – Published list of candidates so that voters know who they are voting for.
▪ NEO Council Consensus Node < 2/3 (2018Q1) – NEO Council shall operate less than two thirds of consensus nodes by the end of quarter 1, 2018.
Universal Data Format for Wallet/Node Prog.
▪ NEP2 – Private Key Encryption/Decryption (2017Q4) - Method for encrypting and encoding a passphrase-protected private key.
▪ NEP3 – Universal Data Format (2017Q4) – Standard data format to allow easier wallet and node programming.
https://neo.org/en-us/blog/details/65
Promotion/Ecosystem
▪ Globally Legal Token-raising Framework (2017Q4) – Following government interest to regulate ICO’s, NEO will complete a framework to raise tokens legally in all major markets by the end of 2017.
▪ NEO DevCon 1 (2017Q4) – First NEO Development Conference! More details at later date.
▪ CoZ Funding (2017Q4) – Continuous funding plan for CoZ covering next 5 years.
▪ Seed Projects (2017Q4) – First seed projects to be cross-invested with the dedicated NEO pool.
https://neo.org/en-us/blog/details/65
https://github.com/neo-project
Repositories - 14
People - 5
Contributors- 12
https://github.com/CityOfZion
Repositories - 35
People - 14
Contributors- 22
https://github.com/DNAProject/DNA
Repositories - 4
Contributors - 17
Donations welcome: ASdNxSa3E8bsxCE9KFKBMm3NA43sYJU9qZ
submitted by NEOcryptotrader to CryptoCurrency [link] [comments]

My growing collection of info about NEO Vol. 2

It can be very time consuming to keep up to date on a single blockchain. If you just heard about NEO a few weeks ago it would be impossible catch up on past occurrences. I’m going to try and simplify the past, present and future as much as I can into one well thought-out post.
 
I made the first Volume around 6 weeks ago
https://www.reddit.com/CryptoCurrency/comments/75mul5/my_growing_collection_of_info_about_neo/
 
I felt it was time for an update since so much has happened.
If you want the up to date version in between Vol updates visit NEO and its located on the #3 top post of all time.
[Note: This Post is at max characters (40,000), some information will be left out]
 
https://imgur.com/a/NBI7S (img for mobile backround)
 

NEO dApps / Partnerships / ICO's

https://neo.org/dapps
 
Red Pulse $RPX (ICO Completed)
A next generation intelligence and content ecosystem for China markets
https://coin.red-pulse.com/
 
Neon Exchange $NEX (Upcoming ICO on NEO) (strategic collaboration with NEO)
NEX is a platform for complex decentralized cryptographic trade and payment service creation
https://twitter.com/neonexchange
https://neonexchange.org/
https://neonexchange.org/pdfs/whitepaper_v1.1.pdf
 
Elastos $ELA (strategic collaboration with NEO)
Blockchain Driven Internet
NEO will make itself compatible with Elastos, and Elastos will also support NEOVM, and allow the writing of smart contracts with established languages, such as C# and Java. Elastos will be an OS for the Blockchain, and NEO can help developers quickly create Blockchain applications. The combination of the two could connect different developers from around the world, forming a strong ecosystem for application development―all to better serve a Smart Economy.
http://www.elastos.org/
https://twitter.com/ElastosI
https://www.reddit.com/NEO/comments/6r1a6f/neo_and_elastos_reaching_strategic_collaboration/
 
Ontology $ONT (Partnership with NEO)
Ontology Network (ONT) is a blockchain/distributed ledger network which combines distributed identity verification, data exchange, data collaboration, procedure protocols, communities, attestation, and various industry-specific modules. Together this builds the infrastructure for a peer-to-peer trust network which is cross-chain, cross-system, cross-industry, cross-application, and cross-device.
 
NEO will be the primary digital assets service provider for clearing and settlement on Ontology. There is no contract between Ontology and NEO now, though Ontology and NEO already have an established partnership. One thing on the roadmap is that in the future business scenarios on Ontology want to hold ICOs they will be able to on NEO.
https://ont.io/#/home
https://www.reddit.com/NEO/comments/7f8bvb/ontology_network_ama_answers/
https://www.youtube.com/watch?v=lPWwcgpc3P0
https://twitter.com/OntologyNetwork?lang=en
https://imgur.com/a/Emo4Q
 
The Key $TKY (Upcoming ICO ) (strategic cooperation with NEO)
THEKEY is a Decentralized Ecosystem of Identity Verification Tool Using National Big-data and Blockchain. THEKEY team is now developing second generation on-line identify verification technology. NEO Smart Economy = Digital Asset + Smart Contract + Digital Identity, while digital identity is an indispensable element. With NEO technical support, the strategic corporation between THEKEY and NEO will provide better protection to your digital asset.
https://www.thekey.vip/
https://www.reddit.com/NEO/comments/7areac/ama_on_9th_nov_thekey_a_decentralized_ecosystem/
 
Qlink $QLC (Partnership with NEO) (Multi-chain) (Upcoming ICO on NEO)
World’s First Decentralized Mobile Network
Qlink, a decentralized mobile network, is dedicated to constructing an open-source telecom infrastructure on blockchain.
https://twitter.com/QlinkMobi
https://www.qlink.mobi/f/qlink
https://neonewstoday.com/general/qlink-partner-with-neo/
 
PeerAtlas $ATLAS (Upcoming ICO on NEO)
ATLAS: A Digital Token Supporting an Open-Source Medical Encyclopedia
http://www.peeratlas.com/
http://www.peeratlas.com/whitepaper.pdf
https://neonewstoday.com/interviews/peeratlas-q-a-colin-closse
 
High Performance Blockchain $HPB (ICO Completed)
HPB is a new blockchain architecture, positioned as an easy-to-use, highperformance blockchain platform. It aims to extend the performance of distributed applications to meet real world business needs. This is achieved by creating an architecture similar to an API operating system. The software architecture provides accounts, identity and authorization management, policy management, databases, and asynchronous communication on thousands of CPUs, FPGAs or clustered program schedulers. This blockchain is a new architecture that can support millions of transactions per second and support authorizations within seconds.
http://www.gxn.io/en.html
http://www.gxn.io/files/hpb_white_paper_en.pdf
https://www.allcoin.com/markets/HPB-BTC/0/
 
Aphelion $APH (ICO In Progress)
A Revolutionary Decentralized P2P Exchange Solution
https://aphelion.org/
https://aphelion.org/wp.html
https://github.com/Aphelion
 
Zeepin $ZPT (Crowd sale will start Jan 18, 2018) (Upcoming ICO on NEO)
The Distributed Creative New Economy.
Zeepin, a decentralized innovation community, is dedicated to promoting highly efficient circulation of innovation assets.
https://www.zeepin.io/
https://www.zeepin.io/Whitepaper_En_v1.0.pdf
https://github.com/zeepin
https://www.reddit.com/NEO/comments/7f94vs/ama_from_today_nov_24th_zeepin_the_distributed/
 
Stokit (Upcoming ICO on NEO)
Decentralized cloud storage
https://stokit.io/
Whitepaper release: 30th of November 2017
 
Universal Health Coin (Upcoming ICO on NEO )
http://www.universalhealthcoin.com/
 
AdEx (dApp built on NEO)
http://adex.network/
https://twitter.com/AdEx_Network/status/897529249661423616
 
 
Alphacat
More Information to come soon after Video is released from the Meetup
https://www.meetup.com/de-DE/Onchains-Blockchain-Project-Launch-NEO-Ecosystem-Sharing/events/245101761/
 
DeepBrain
More Information to come soon after Video is released from the Meetup
https://www.meetup.com/de-DE/Onchains-Blockchain-Project-Launch-NEO-Ecosystem-Sharing/events/245101761/
 
 

City of Zion (CoZ)

https://cityofzion.io/
https://medium.com/@cityofzion
https://medium.com/proof-of-working
https://steemit.com/@canesin
 
City of Zion (CoZ) is an independent group of open source developers, designers and translators formed to support the NEO BlockChain core and ecosystem.
CoZ primarily operates through the community Slack and CoZ Github, central places where the community shares knowledge and contributes to projects.
CoZ is neither a corporation, nor a consulting firm or a devshop / for-hire group.
Members
https://imgur.com/a/Gc9jT
CoZ aims to be low barrier of entry, the process is straightforward:
  1. Join the channel #develop.
  2. Fork or create a project.
  3. Publish as open source.
  4. After a couple of contributions a CoZ council member will invite you to the proper channel for your contributions.
  5. Receive rewards and back to 3.
Unit testing - Ongoing effort to implement code coverage for the core
Integration testing - Tools for automated testing, performance metrics and functionality validation on private test nets
Continuous integration - Automated multi-platform testing of all pull requests at GitHub.
Deployment pipeline - Automated tools and processes to ensure fast and reliable updates upon code changes
New C# implementation (NEO2) - Improve code quality, speed & testability
 
Roadmap
https://imgur.com/a/4CDhw
 
dApps competition
https://cityofzion.io/dapps/1
10 prizes of 1350 GAS, with 500 GAS to be used for smart contract deployment.
Deadline was the 16 of November 11:59 EST.
http://cityofzion.io/dapps/1 (Check out page to view websites / Githubs)
1st: NEO Smart IoT
2nd: imusify
3rd: Chain Line
4th: BlockAuth
5th: Phantasma
6th: NeoTrade
7th: Turing Complete Smart Contract
8th: KRYPTON
9th: Switcheo
10th: TripShares
https://drive.google.com/drive/folders/0B4wu5lNlukwybEstaEJMZ19kbjQ
 

NEO and Microsoft China Dev Competition

 

Competition Rules

  1. The competition will open on November 20, 2017 and close at 11:59 PM Beijing time (GMT+8), March 10, 2018. Please sign up and submit your work before the deadline.
  2. Participants are required to develop on the NEO blockchain. Please refer to github.com/neo-project and docs.neo.org for relevant codes and technical documents.
  3. During the competition, developers are free to collaborate and to submit their work as a team.
  4. Teams or individuals who fail to submit their work before 11:59 PM Beijing time (GMT+8), March 10, 2018 will not be eligible for prizes.
  5. Your submission must contain executable programs and codes.
 
$150,000 First prize(1 team)
$50,000 Second prize(2 teams)
$30,000 Third prize(3 teams)
$15,000 Award of merit(10 teams)
 
A judging panel made up of NEO founder Da Hongfei,NEO Founder & Core Developer Erik Zhang, CoZ founder Fabio, Elastos founder Chen Rong,ONT Founder Li Jun and experts from Microsoft China will select 16 winners out of all the contestants for a bounty pool worth a total of USD 490,000.
 
Total sign-ups :194 Data collected as of 2017/11/28
 
Country Sign-ups
China 48
USA 31
India 12
Norway 7
France 6
Other 90
 
https://neo.org/competition.html
 
 

ICO Firm

 
Projectico
A service that helps others launch a token sale if it is right for their cause and will be using NEO in most instances going forward. We have created a foundation that is bringing compliance and trust to the marketplace for ICOs and allowing international people to still participate.
https://www.projectico.io/
https://www.reddit.com/NEO/comments/7dd3s0/ama_on_20_nov_projectico_a_us_based_turnkey_token/
 
 

Key notes from the White Paper

http://docs.neo.org/en-us/
 
Digital Assets
Digital assets are programmable assets that exist in the form of electronic data. With blockchain technology, the digitization of assets can be decentralized, trustful, traceable, highly transparent, and free of intermediaries.
 
Digital Identity
Digital identity refers to the identity information of individuals, organizations, and other entities that exist in electronic form.
Our verification of identity when issuing or using digital identities includes the use of facial features, fingerprint, voice, SMS and other multi-factor authentication methods.
 
Smart Contracts
The NeoContract smart contract system is the biggest feature of the seamless integration of the existing developer ecosystem. Developers do not need to learn a new programming language but use C#, Java and other mainstream programming languages in their familiar IDE environments (Visual Studio, Eclipse, etc.) for smart contract development, debugging and compilation. NEO's Universal Lightweight Virtual Machine, NeoVM, has the advantages of high certainty, high concurrency, and high scalability. The NeoContract smart contract system will allow millions of developers around the world to quickly carry out the development of smart contracts.
 
Economic Model
NEO has two native tokens, NEOand NeoGas NEO represents the right to manage the network. Management rights include voting for bookkeeping, NEO network parameter changes, and so on. The minimum unit of NEO is 1 and tokens cannot be subdivided. GAS is the fuel token for the realization of NEO network resource control. The NEO network charges for the operation and storage of tokens and smart contracts, thereby creating economic incentives for bookkeepers and preventing the abuse of resources. The minimum unit of GAS is 0.00000001.
 
Distribution Mechanism
NEO's 100 million tokens are divided into two portions. The first portion is 50 million tokens distributed proportionally to supporters of NEO during the crowdfunding. This portion has been distributed.
The second portion is 50 million NEO managed by the NEO Council to support NEO's long-term development, operation and maintenance and ecosystem. The NEO in this portion has a lockout period of 1 year and is unlocked only after October 16, 2017. This portion will NOT enter the exchanges and is only for long-term support of NEO projects. The plans for it are as below:
▪ 10 million tokens (10% total) will be used to motivate NEO developers and members of the NEO Council
▪ 10 million tokens (10% total) will be used to motivate developers in the NEO ecosystem
▪ 15 million tokens (15% total) will be used to cross-invest in other block-chain projects, which are owned by the NEO Council and are used only for NEO projects
▪ 15 million (15% total) will be retained as contingency
▪ The annual use of NEO in principle shall NOT exceed 15 million tokens
 
GAS distribution
GAS is generated with each new block. The initial total amount of GAS is zero. With the increasing rate of new block generation, the total limit of 100 million GAS will be achieved in about 22 years. The interval between each block is about 15-20 seconds, and 2 million blocks are generated in about one year. According to this release curve, 16% of the GAS will be created in the first year, 52% of the GAS will be created in the first four years, and 80% of the GAS will be created in the first 12 years. GAS will be distributed proportionally in accordance with the NEO holding ratio, recorded in the corresponding addresses. NEO holders can initiate a claim transaction at any time and claim these GAS tokens at their holding addresses.
 
Consensus mechanism: dBFT
The dBFT is called the Delegated Byzantine Fault Tolerant, a Byzantine fault-tolerant consensus mechanism that enables large-scale participation in consensus through proxy voting. The holder of the NEO token can, by voting, pick the bookkeeper it supports. The selected group of bookkeepers, through BFT algorithm, reach a consensus and generate new blocks. Voting in the NEO network continues in real time, rather than in accordance with a fixed term.
 
Cross-chain assets exchange agreement
NeoX has been extended on existing double-stranded atomic assets exchange protocols to allow multiple participants to exchange assets across different chains and to ensure that all steps in the entire transaction process succeed or fail together. In order to achieve this function, we need to use NeoContract function to create a contract account for each participant. If other blockchains are not compatible with NeoContract, they can be compatible with NeoX as long as they can provide simple smart contract functionality.
 
Cross-chain distributed transaction protocol
Cross-chain distributed transactions mean that multiple steps of a transaction are scattered across different blockchains and that the consistency of the entire transaction is ensured. This is an extension of cross-chain assets exchange, extending the behavior of assets exchange into arbitrary behavior. In layman's terms, NeoX makes it possible for cross-chain smart contracts where a smart contract can perform different parts on multiple chains, either succeeding or reverting as a whole. This gives excellent possibilities for cross-chain collaborations and we are exploring cross-chain smart contract application scenarios.
 
Distributed Storage Protocol: NeoFS
NeoFS is a distributed storage protocol that utilizes Distributed Hash Table technology. NeoFS indexes the data through file content (Hash) rather than file path (URI). Large files will be divided into fixed-size data blocks that are distributed and stored in many different nodes
 
Anti-quantum cryptography mechanism: NeoQS
The emergence of quantum computers poses a major challenge to RSA and ECC-based cryptographic mechanisms. Quantum computers can solve the large number of decomposition problems (which RSA relies on) and the elliptic curve discrete logarithm (which ECC relies on) in a very short time. NeoQS (Quantum Safe) is a lattice-based cryptographic mechanism.
 

Reasons for choosing dBFT over PoW and PoS

 
With the phenomenal success of Bitcoin and its increasing mainstream adoption, the project’s unbounded appetite for energy grew accordingly. Today, the average Bitcoin transaction costs as much energy as powering 9.3 average American homes for 1 day.
https://digiconomist.net/bitcoin-energy-consumption#assumptions
This mind boggling amount of energy is not, as it is commonly believed, being wasted. It is put to good use: securing the Bitcoin network and rendering attacks on it infeasible. However, the cost of this security mechanism and its implications for an increasingly warming and resource hungry planet led almost the entire crypto industry to the understanding that an alternative has to be found, at least if we’re interested in seeing blockchain technology gaining overwhelming mainstream adoption.
The most popular alternative to PoW, used by most alternative cryptocurrency systems, is called Proof-of-Stake, or PoS. PoS is highly promising in the sense that it doesn’t require blockchain nodes to perform arduous, and otherwise useless, cryptographic tasks in order to render potential attacks costly and infeasible. Hence, this algorithm cuts the power requirements of PoS blockchains down to sane and manageable amounts, allowing them to be more scalable without guzzling up the planet's energy reserves.
As the name suggests, instead of requiring proof of cryptographic work, PoS requires blockchain nodes to proof stake in the currency itself. This means that in order for a blockchain node to be eligible for a verification reward, the node has to hold a certain amount of currency in the wallet associated with it. This way, in order to execute an attack, a malevolent node would have to acquire the majority of the existing coin supply, rendering attacks not only costly but also meaningless, since the attackers would primarily harm themselves.
PoS, as well as PoW, simply cause the blockchain to fork into two alternative versions if for some reason consensus breaks. In fact, most blockchains fork most of the time, only to converge back to a single source of truth a short while afterwards.
By many crypto enthusiasts, this obvious bug is very often regarded as a feature, allowing several versions of the truth to survive and compete for public adoption until a resolution is generated. This sounds nice in theory, but if we want to see blockchain technology seriously disrupt and/or augment the financial sector, this ever lurking possibility of the blockchain splitting into two alternative versions cannot be tolerated.
Furthermore, even the fastest PoS blockchains out there can accomodate a few hundred transactions per second, compare that to Visa’s 56,000 tx/s and the need for an alternative becomes clear as day.
A blockchain securing global stock markets does not have the privilege to fork into two alternative versions and just sit and wait it out until the market (or what’s left of it) declares a winner. What belongs to whom should be engraved in an immutable record, functioning as a single source of truth with no glitches permitted.
After investigating and studying the crypto industry and blockchain technologies for several years, we came to the conclusion that the delegated Byzantine Fault Tolerance alternative (or dBFT) is best suited for such a system. It provides swift transaction verification times, de-incentivises most attack vectors and upholds a single blockchain version with no risk of forks or alternative blockchain records emerging - regardless of how much computing power, or coins an attacker possesses.
The term Byzantine Fault Tolerance (BFT) derives its name from the Byzantine Generals problem in Game Theory and Computer Science, describing the problematic nature of achieving consensus in a distributed system with suboptimal communication between agents which do not necessarily trust each other.
The BFT algorithm arranges the relationship between blockchain nodes in such a way that the network becomes as good as resilient to the Byzantine Generals problem, and allows the system to remain consensus even if some nodes bare malicious intentions or simply malfunction.
To achieve this, Antshare’s version of the delegated BFT (or dBFT) algorithm acknowledges two kinds of players in the blockchain space: professional node operators, called bookkeeping nodes, who run nodes as a source of income, and users who are interested in accessing blockchain advantages. Theoretically, this differentiation does not exist in PoW and most PoS environments, practically, however, most Bitcoin users do not operate miners, which are mostly located in specialized venues run by professionals. At Antshares we understand the importance of this naturally occurring division of labor and use it to provide better security for our blockchain platform.
Accordingly, block verification is achieved through a consensus game held between specialized bookkeeping nodes, which are appointed by ordinary nodes through a form of delegated voting process. In every verification round one of the bookkeeping nodes is pseudo-randomly appointed to broadcast its version of the blockchain to the rest of the network. If ⅔ of the remaining nodes agree with this version, consensus is secured and the blockchain marches on. If less than ⅔ of the network agrees, a different node is appointed to broadcast its version of the truth to the rest of the system, and so forth until consensus is established.
In this way, successful system attacks are almost impossible to execute unless the overwhelming majority of the network is interested in committing financial suicide. Additionally, the system is fork proof, and at every given moment only one version of the truth exists. Without complicated cryptographic puzzles to solve, nodes operate much faster and are able to compete with centralized transaction methods.
https://www.econotimes.com/Blockchain-project-Antshares-explains-reasons-for-choosing-dBFT-over-PoW-and-PoS-659275
 

OnChain

 
It is important to note the technical difference between Onchain and NEO. Onchain is a private VC-backed company with over 40 employees. NEO is a public platform with different community-led groups contributing to this public project. There exists NEO council comprised of the original NEO creators, employees from Onchain, full time NEO council members and there is also the first Western based group called City of Zion.
Onchain, a Shanghai-based blockchain R&D company, first started developing Antshares in February of 2014 which will eventually become the foundation of DNA. Onchain was founded by CEO Da HongFei and CTO Erik Zhang in response to the attention from private companies garnered by the development of Antshares, China’s first public blockchain. In contrast to the weeks-old start-ups launching ICOs that is happening currently in the blockchain world, it took them 22 long months of R&D to even begin providing services to their first customers. Finally, in April 2016, the first whitepaper on consensus protocol from China was born — the dBFT (delegated Byzantine Fault Tolerance) protocol.
2016 was a busy year for Onchain and they really picked up the pace that year. Other than continuing the development of Antshares, brushing shoulders with Fortune 500 companies, Onchain became the first Chinese blockchain company to join Hyperledger — an open source blockchain project started by the Linux Foundation specifically focusing on the development of private and consortium chains for businesses.
In June of 2016, during the first of many future partnerships with Microsoft China, Onchain founded Legal Chain specifically targeting the inadequacies of the digital applications within the legal system. In 2005, (Digital Signature Act) was passed into national law which permitted an effective digital signatures to gain the same legal rights as a real signature.
In company with Microsoft China, they are also aiming to integrate the technology with Microsoft’s face and voice recognition API function to kick start this digital revolution within the legal system. At the same time, a partnership was formed with FaDaDa, a third-party platform for electronic contracts that has processed over 27 million contracts to date, to provide secure evidence storage with DNA. If that’s not enough, they were also voted as KPMG’s top 50 Fintech Company in China and established a relationship with the Japanese Ministry of Economy, Trade and Industry which led to the recent tour to Japan. Finally, at the end of 2016 they announced a partnership with Alibaba to provide attested email service for Ali Cloud with Legal Chain where it provides a proof-of-existence for a blockchain-powered email evidence repository for enterprise-level use.
Fosun Group, China’s largest private conglomerate, have recently invested into Onchain in order to apply DNA across all of its businesses. Currently, Fosun International has a market cap of 102.98 billion dollars on the Hong Kong Stock Exchange and that is only its international branch.
The role of Onchain so far is reminiscent of Ethereum’s EEA in addition to a stronger emphasis of governmental cooperation. Onchain has identified the shortcomings of present laser focus of hype on public platforms such as NEO and Ethereum and addressing that with DNA. DNA envisions a future where a network of assorted, specifically designed blockchains serving private enterprises, consortiums, government and the public communicating with each other forming an interconnected blockchain network.
This is the goal of DNA — infiltrating every little inefficient niche that had no better alternatives before the invention of blockchain. What is especially critical to remember during this explosive time of hype driven partly by the obscene degree of greed is that not every little niche that blockchain can fill will be holding its own little ICO. Some of those efficiencies gained will simply be consumed by companies privately or by public systems such as the legal system.
 
https://hackernoon.com/neo-onchain-and-its-ultimate-plan-dna-4c33e9b6bfaa
http://www.onchain.com/
https://github.com/DNAProject/DNA
https://siliconangle.com/blog/2016/10/20/onchain-partners-with-alibaba-for-blockchain-powered-email-evidence-repository/
https://www.reuters.com/article/us-fosun-blockchain/chinas-fosun-invests-in-local-version-of-bitcoin-tech-blockchain-idUSKCN1B30KM
 

Traveling

 
August 8th to August 12th
From August 8th to August 12th, 2017, the NEO core team, led by founder & CEO Da Hongfei will travel to Japan to explore the forefront of Japan's Blockchain innovation. This trip represents the first in a series of trips around the world with the goal to foster international cooperation's and to keep up with the fast pace in Blockchain innovation. Starting in Japan, the NEO core team will visit famous local Blockchain research institutions and active communities to engage in bilateral communication. NEO will meet with Japanese tech-celebrities to gain insights about the latest developments in the Japanese Blockchain and digital currency community. Additionally, Japanese local tech media will conduct an interview allowing NEO to present its development status and its latest technological innovations.
 
https://www.reddit.com/NEO/comments/6ry4s9/japan_the_neo_core_team_starts_out_on_an/
https://www.youtube.com/watch?v=SgTQ32CkxlU
https://www.reddit.com/NEO/comments/6ssfx1/neo_meetup_in_tokyo_august_10th_2017_2100h/
 
19th August, 2017
Blockchain X Series - NEO example applications
 
20th August, 2017
NEO and Microsoft Azure host a blockchain programming training in Shanghai
 
23rd August, 2017
INNOxNEO Blockchain Open Nights: 2nd Meeting
 
24th August, 2017
NEO Meetup in Taipei
 
13th September, 2017
INNOxNEO Blockchain Open Nights: 3rd Meeting
 
14th September, 2017
NEO Shanghai Meetup with NEO team
 
24th September, 2017
NEO Blockchain Programming Day - Hangzhou Station
 
27th September, 2017
INNOxNEO Blockchain Open Nights: 4th Meeting
 
27th September, 2017
First London NEO Developer Meetup!
 
4th October, 2017
First San Francisco NEO Developer Social!
 
14th-16th October, 2017
GNOME.Asia Summit 2017, Chongqing, China
 
21st October, 2017
NEO JOY, Exploring Blockchain application, Nanjing, China
 
26th October, 2017
Inaugural Global Fintech & Blockchain China Summit 2017
 
28th October, 2017
NEO meetup in Seoul, Korea:
 
28th October, 2017
NEO Blockchain Programming Day - Beijing Railway Station:
 
November 12th, 2017
NEO JOY in Hangzhou: Considerations on Basic Service Facilities in Blockchains:
 
November 18th - 19th, 2017
NEO attending China open source conference 2017:
 
November 21st, 2017
NEO attending swissnex China in Shanghai:
 
November 27th, 2017
ONCHAIN meetup NYC, Onchain's Blockchain Project Launch + NEO Ecosystem Sharing Session
 
November 27th, 2017
China&USA NEO blockchain meetup in Manhattan NYC
 
November 30th, 2017
Meetup San Francisco: The Future Of Blockchain With The Founders of NEO, Elastos, & Stellar
 
December 4th, 2017
NEO attending Blockchain World Conference in Bangkok:
 
December 7th, 2017
NEO meetup Singapore:
 
December 13th, 2017
NEO meetup at Cambridge:
 

Networks proves itself with the first ICO

 
ICOs, on other platforms such as Ethereum, often resulted in a sluggish network and transaction delays. While NEO’s dBFT consensus algorithm is designed to achieve consensus with higher efficency and greater network throughputt, no amount of theoretical calculations can simulate the reality of real-life conditions.
 

Key Observations

 
Smart Contract Invocations:
A total of 13,966 smart contracts invocations were executed on the NEO network over this time period, of which, nearly all called the RPX smart contract method mintTokens. A total of 543,348,500 RPX tokens were successfully minted and transferred to user accounts, totalling 10,097 smart contract executions.
 
Refunded Invocations:
A total of 4182 refund events were triggered by the smart contract method mintTokens. (Note: RPX has stated that these refunds will be processed within the next two weeks.)
 
Crowdsale Statistics:
A successful mintTokens execution used around 1043 VM operations, while an execution that resulted in a refund used 809 VM operations. Within the hour and six minutes that the token sale was active, a total of 12,296,409 VM operations were executed. A total of 9,575 unique addresses participated in the RPX ICO. Half of these, approximately 4,800 unique addresses, participated through CoZ’s Neon wallet. The top 3 blocks with the most transactions were block 1445025 (3,242 transactions), block 1444902 (2,951 transactions), and block 1444903 (1609 transactions).
 
Conclusion on Network Performance
At the moment, the consensus nodes for the NEO network are operated by the NEO Council in China. By Q1 2018, NEO Council aims to control less than two-thirds of the consensus nodes.
We are pleased to note that the NEO network continuted to operate efficiently with minimal network impact, even under extreme network events. Block generation time initially slowed down to 3 minutes to process the largest block, but quickly recovered to approximately 25 seconds. Throughout the entire RPX ICO, consensus nodes were able to achieve consensus and propagate new block transactions to the rest of the network. In closing, while we consider this performance to be excellent, NEO Council and City of Zion areworking closely together on upgrades, that will increase the throughputs of the NEO network.
 

Hyperledger

 
Members and governance of Hyperledger:
Early members of the initiative included blockchain ISVs, (Blockchain, ConsenSys, Digital Asset, R3, Onchain), well-known technology platform companies (Cisco, Fujitsu, Hitachi, IBM, Intel, NEC, NTT DATA, Red Hat, VMware), financial services firms (ABN AMRO, ANZ Bank, BNY Mellon, CLS Group, CME Group, the Depository Trust & Clearing Corporation (DTCC), Deutsche Börse Group, J.P. Morgan, State Street, SWIFT, Wells Fargo), Business Software companies like SAP, Systems integrators and others such as: (Accenture, Calastone, Credits, Guardtime, IntellectEU, Nxt Foundation, Symbiont).
The governing board of the Hyperledger Project consists of twenty members chaired by Blythe Masters, (CEO of Digital Asset), and a twelve-member Technical Steering Committee chaired by Christopher Ferris, CTO of Open Technology at IBM.
http://www.8btc.com/onchain-hyperledger
https://en.wikipedia.org/wiki/Hyperledger
 
“As a leading open-source contributor in China’s blockchain community, Onchain shares the same values as the Linux Foundation and the Hyperledger project intrinsically. We believe international collaboration plus local experience are key to the adoption of distributed ledger technology in China; we are also very excited to see other Chinese blockchain startups join Hyperledger and look forward to adding our combined expertise to the project.” Da Hongfei, Founder and CEO of Onchain
https://hyperledger.org/testimonials/onchain
 

Important Articles

 
Response to baseless FUD
https://medium.com/@MalcolmLerideresponse-to-baseless-fud-9b7e5e2eeeea
 
Distribution technology DNA framework went through the national block chain standard test On May 16th, the first China block chain development competition in Hangzhou announced that Onchain, became the first through the national standard test block system.
http://www.51cto.com/art/201705/539824.htm?mobile
 
Da Hongfei and OnChain working relationship with Chinese Government
https://finance.sina.cn/2017-04-13/detail-ifyeifqx5554606.d.html?from=wap
http://www.gz.chinanews.com/content/2017/05-28/73545.shtml
 
The Chinese government is reportedly preparing to allow the resumption of cryptocurrency trading in the country in the coming months, with the required anti-money laundering (AML) systems and licensing programs in place.
https://coingeek.com/cryptocurrency-trading-poised-to-make-a-return-in-china-report/
 
Japanese Ministry of Economy, Trade and Industry - Working with OnChain and NEO
http://www.8btc.com/onchain-ribenjingjichanyesheng
 
Notice NEO will be invited to attend the INNO x Austrade China-Australia chain high-end exchange
AUSTRADE - The Australian Trade and Investment Commission is the official government, education and investment promotion agency of the Australian Government
https://mp.weixin.qq.com/s/LmXnW7MtzOX_fqIo7diU9A
 
Source for NEO/OnChain Microsoft Cooperation:
http://www.8btc.com/onchain-microsoft
 

Da Hongfei quotes

 
"There is no direct cooperation between Alibaba and NEO/Onchain, other than their mailbox service is using Law Chain to provide attested email service. In terms of Microsoft, yes we have cooperation with Microsoft China because NEO is built with C# and .NET Core, and NeoContract is the first in the world to support writing smart contract with C#"
https://www.reddit.com/NEO/comments/6puffo/we_are_da_hongfei_and_erik_zhang_founders_of_neo/dksm5ga/
 
"We have pretty good communication with government, with regulators. They don't have any negative impression with NEO and they like our technology and the way we deal with things. Regulation is not an issue for us"
https://www.youtube.com/watch?v=qpUdTIQdjVE&feature=youtu.be&t=1m16s
 
“Before they started cleaning up the market, I was asked for information and suggestions” “I do not expect the government to call me in the short-term and say, ‘Let’s use NEO as the blockchain technology infrastructure of China.’ But in the medium term? Why not? I think it’s possible.”
https://medium.com/@TheCoinEconomy/neo-founder-da-hongfei-advised-china-on-ico-exchange-ban-says-govt-4631b9f7971
 

Upcoming Roadmap

 
Decentralization of consensus nodes
▪ P2P Network optimization – Network optimizations to ensure fast block generation after decentralization.
▪ Voting Algorithm Optimization – Adjustments in voting algorithm to prevent identified attack vectors.
▪ Candidate List Website – Published list of candidates so that voters know who they are voting for.
▪ NEO Council Consensus Node < 2/3 – NEO Council shall operate less than two thirds of consensus nodes by the end of quarter 1, 2018.
 
Our original plan was to start decentralize in Q1 2018. We are however growing faster than expected and cannot accept the risk with being as centralized as we currently are. The conclusion is that we re-prioritize and start the process of decentralizing today. We believe that NEO community groups and exchanges will be suitable to run consensus nodes; community groups already know the technology, and exchanges are already running full nodes with high uptime and monitoring. We welcome interested parties to reach out to us on [email protected]. A NEP to encourage voting will be presented in the coming weeks.
https://neo.org/blog/Details/3016
 
Universal Data Format for Wallet/Node Prog.
▪ NEP2 – Private Key Encryption/Decryption (2017Q4) - Method for encrypting and encoding a passphrase-protected private key.
▪ NEP3 – Universal Data Format (2017Q4) – Standard data format to allow easier wallet and node programming.
https://neo.org/en-us/blog/details/65
 
Promotion/Ecosystem
▪ Globally Legal Token-raising Framework (2017Q4) – Following government interest to regulate ICO’s, NEO will complete a framework to raise tokens legally in all major markets by the end of 2017.
▪ NEO DevCon 1 (2017Q4) – First NEO Development Conference! More details at later date.
▪ CoZ Funding (2017Q4) – Continuous funding plan for CoZ covering next 5 years.
▪ Seed Projects (2017Q4) – First seed projects to be cross-invested with the dedicated NEO pool.
https://neo.org/en-us/blog/details/65
 

NEO Github

https://github.com/neo-project
 
NEO Smart Economy https://github.com/neo-project/neo
1.2k Stars
383 Forks
327 commits
17 contributors
 
neo-gui https://github.com/neo-project/neo-gui
 
examples-csharp https://github.com/neo-project/examples-csharp
 
proposals https://github.com/neo-project/proposals
 
 

CityOfZion Github

https://github.com/CityOfZion
 
awesome-neo https://github.com/CityOfZion/awesome-neo
A curated list of awesome NEO libraries, applications and resources.
14 contributors
 
neon-wallet https://github.com/CityOfZion/neon-wallet
380 Stars
118 Forks
392 commits
29 contributors
 

DNAProject Github

https://github.com/DNAProject/DNA
 
NEO/GAS Donations welcome: ASdNxSa3E8bsxCE9KFKBMm3NA43sYJU9qZ
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Why The Bitcoin Halving Will Change Everything Bitcoin Conference 2019 - YouTube Unconfiscatable Bitcoin Conference - Part 9 - Mir joins ... 2018 Texas Bitcoin Conference - YouTube Our travels from Shanghai To Coindesk Invest Asia Blockchain and Crypto Conference

The most complete list of every blockchain and cryptocurrency conference around the world, with ratings! Our custom Bitcoin Market Journal Score is calculated by the number of attendees, ticket price, and quality of speakers. Use it as a guide for which conferences to attend in 2020. Check out all of our speakers for Bitcoin 2020! Bitcoin 2020 is coming back to San Francisco, this time with more attendees, more fun and more Bitcoin. Register for Bitcoin 2020 today! Follow @bitcoin2020conf on Twitter for updates. Blockchain Summit Day Two: End-Of-Conference Highlights From Shanghai 25 Settembre 2016 18 Dicembre 2017 Andrea Belvedere 796 Views blockchain. Share it in your socials. Thank you. Financial services firms and startups looking to be the bridge to blockchain ledgers continued to dominate presentations on the second and final day of the Blockchain Summit, ending International Blockchain Week in ... Bitcoin Cash; MWC19 Shanghai; Contact Us; Contribute; Advertise; My My Coin Alerts; My Event Alerts; Add Event/ICO; MWC19 Shanghai. June 26, 2019. THIS EVENT HAS FINISHED. 1.5 ETH GIVE AWAY CONTEST Join our Telegram channel @kryptocal and you will be enrolled in the giveaway. more details ... As Bitcoin gains in popularity, new and exciting Bitcoin conferences and events are setting up all over the world, from New York to Bali, London to Cape Town. These events offer a great way to learn more about Bitcoin, Blockchain and Cryptocurrency from experts and pioneers in a variety of fields. You will also be exposed to new technologies in development, and meet others who share the ...

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Why The Bitcoin Halving Will Change Everything

In six weeks the number of Bitcoins produced with each new block will be reduced to six and a quarter. This reward halving has long been predicted to put upward pressure on the price. SPONSORED BY ... CoinGeek.com's Stephanie Tower gives us the highlights of the Bitcoin SV China conference in Beijing, the second stop for the BSV Road Trip in one of the wor... IOHK & Shanghai Jiao Tong University Winter School on Cryptocurrency and Blockchain Technologies A short trailer for our time at Shanghai Jiao Tong University & Winter School on Cryptocurrency and ... 💥Tone Vays On HyperWave / Roger Ver Debate / Bitcoin Markets / Much More! (Bitcoin Conference 2019) by Crypt0. 15:05. Edward Snowden- BITCOIN 2019 Live by The Crypt0 Minute. 42:11 . Erik ... Highlights from The Value of Bitcoin Conference on June 3rd, 2019. After more than 10 years, Bitcoin is still around and the signals that indicate Bitcoin is here to stay are only getting stronger.

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