Core Magazine December 2016

core Harnessing the benefits of technology for the good of humanity http://coremedia.info

ISSUE #16 DECEMBER 2016

BLOCKCHAIN NEWS - INTERVIEWS - RADIO

INTERVIEW WITH

DARCRUS AND

PAGE INDEX Decent Prototype Core Radio

Interview with XAURUM Startup Finance and Crowdfunding is Changing

DARCRUS: Interview and News vDice: Ethereum-based Gamling CryptoCompare: Steem Price Analysis & Top Picks Komodo Platform Update

News & Interview

Waves News EOM Report

Interview

WHAT IS BITCOIN? You may have heard of Bitcoin on TV, or in a conversation with friends. Truth is, Bitcoin is more than just “funny money”, in fact it is now a force to be reckoned with. Dig a little further and you will find Bitcoin is actually an extremely fascinating concept.

Bitcoin is an internet digital currency. Unlike other digital currencies like PayPal, Bitcoin is decentralized.

Decentralization, in the context of Bitcoin, means every transaction made on the Bitcoin network can be viewed by anyone around the whole world.

Furthermore, all the information of Bitcoin transactions is downloaded onto every Bitcoin users computer making it impossible to shut down the Bitcoin network.

The Bitcoin protocol cannot be hacked and if backed up correctly can be even safer than storing your money in a bank.

Bitcoin can be used to buy things in the real world. Want a new TV? A cup of coffee to start the day? Try paying for it with Bitcoin.

“At its core, bitcoin is a smart currency, designed by very forward-thinking engineers. It eliminates the need for banks, gets rid of credit card fees, currency exchange fees, money transfer fees, and reduces the need for lawyers in transitions… all good things” - Peter Diamandis

BLOCKCHAIN NEWS DECENT PLATFORM

behind the Decent Platform, a mixture of blockchain technology and a modified version of the Bittorrent protocol, may be a bit hard to grasp, the objective is clear: To create a decentralized platform that benefits both the content creators and the consumers. In the Decent ecosystem, content creators like bloggers, musicians, The crowdfunding initiative created filmmakers, vloggers, and so on, are by the Decent project two months paid in full according to the price ago was an undeniable success with they have set with no middleman more than 5880 BTC gathered during fees going to the platform itself or the event, which ended on the sixth platform developers, only to the of November. During the course of “miners� that make the content this Initial Coin Offering, the team sharing possible. Content creators developing Decent released several not only receive a higher % of the updates, announced important profit, they are also treated fairly partnerships such as the ones with with no central authority dictating Naughty America and MinerGate which content should get more and also made several public exposure or should be cheap/ appearances in meetups, expensive. Instead, a reputation conferences, and other events in an system is put in place to reward effort to promote their vision of a creators for their effort. The content decentralized and fair content consumers are also getting the bes distribution platform powered by deal possible, since the artists are blockchain technology. not required to pay overhead fees, the prices can be reduced. The payWhile the underlying technology per-content system employed (and

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BLOCKCHAIN NEWS

a made possible thanks to promote its brand and products on y blockchain’s micro transactions) multiple platforms and ensuring that e also allows users to access and pay DCT mining is decentralized and t only for the contents they need or accessible to anyone. : want, eliminating the outdated m subscription model that may place “DECENT role in acquiring mining t unnecessary financial burdens upon pool partnership, such as Coinmine e the user. or previous MinerGate expand s possibilities of putting DCT on the As expected, the developments, spotlight and due to recent e partnerships, and attendences have tremendous success in ICO, we e kept coming after the expect demand for DCT to increase n crowdfunding period, acerting rapidly.” Decent Team r Decent’s position as a relevant e crypto platform and possibly a The release of Decent-core is set for t game changer for the content Q1-Q2 of 2017, while the release of s distribution industry. the various apps for the platform and e of the Decent-stream HW and y Decent has been seen promoting Plug&Play USB-HDMI devices is set g and explaining the concept behind for the course of 2017 until 2019. the platform in multiple events, Click here to see the development / most recently in two Blockchain roadmap. n Meetups in Berlin and Geneva and at the Annual Energy Internet t Summit 2016, in Shanghai. st e After MinerGate, the Decent , Platform has also recently - partnered with Polish mining pool, d Coinmine, in an effort to cross-

NEWS & INTERVIEW

DARCRUS NEWS ENTERPRISE, EVERYWHERE

During this crowdfunding event, users can exchange their Bitcoin for Darcrus tokens (DAR), a crypto asset that will run on a Buyback program.

Part of the profits made by the Darcrus project in direct software sales and in consultancy services ar directed towards this program allowing the team to buy DAR from the order books of major exchanges to be burnt, reducing the supply of Darcrus, a disruptive blockchainthe Darcrus token. A portion of the startup, is currently hosting arevenue generated by the SIGFARM crowdfunding campaign. Initiatedmining operation previously created less than a week ago and is alreadyby the founder of Sigwo an evident success with 483 bitcoinsTechnologies and of the Darcrus gathered so far, the majority of whichproject itself,Steven Grove, will also were sent during the first day of thebe directed towards this buyback event. Investors can still take program. advantage of the early 15% bonus that will end on December 4th, The software that will be produced giving way to a 5% bonus that will and sold by the Darcrus team is decrease until the end of the Initial intended to disrupt the way Coin Offering. The funds collected companies store, manage, verify, are currently being held in a Coinbaseand recover their information by Vault multisignature escrow that leveraging the decentralized nature requires two out of three signatureof blockchain technology. Along holders to allow any outgoing with the software solutions created transaction.

by Darcrus, the team will also provid

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DARCRUS NEWS

consultancy services, ensuring thatparticipants an opportunity to test the , the transition into a decentralizedsoftware and grasp its potential for r infrastructure is as smooth asthe first time. tpossible. m.

More projects are in the horizon for eCompanies are already showingDarcrus, two of which have been einterest in the first software that willoutlined in the project's roadmap. ebe developed by Darcrus, the m,dAppsheet. This application allowsTo learn more the dAppsheet mcompanies to make robust copies ofapplication and Darcrus, you can s their databases wherever acheck out the first version of the fdAppsheet node is running, creatingwhitepaper or read the F.A.Q page. ea decentralized and verifiableYou can also watch the recent M database that is far more reliableinterview by Blocktalk with dthan the current alternatives. Thesediversified IT professional and nodes act as disaster recovery forfounder of Darcrus, Steven Grove s other nodes, ensuring that no information is ever loss and that itAnyone can join community kis always accessible and that no bounty programs and follow the offsite storage is required.

latest news through the official Slack or bitcointalk forum.

dAlready ahead of schedule, the first sprototype of the dAppsheet y application is already being ,developed, and is expected to be yreleased during the crowdfunding eperiod, along with the first updates g on the Graphic User Interface (GUI) dwhich will be unveiled for the first etime next week. This will give

DARCRUS INTERVIEW

What is the Darcrus project and Sigwo is a name that carries a the Darcrus token and how do lot of weight in crypto, but who they relate? else is involved in the Darcrus The Darcrus token representsproject? digital software that enables theRight now, David Mah is my Darcrus Project. The terms ‘DarcrusCommunity Manager/Bounty Project’ and ‘Darcrus Token’ couldMaster. CORE Media has handled be used interchangeably. There willthe press releases, most of th be a system developed andtweeting, and MX has been expanded to allow tokens to beadvising me along the way to transferred between differingensure I exceed expectations. I hav platforms, but keep the overalla couple developers on my rada token count available at 50 millionand will reach out to them when tokens.

Darcrus reaches our minimum funds amount, 1000 BTC.

How did you come up with the Buyback program and how will it benefit holders?

I’ve always liked the notion of directly rewarding those tha believe in my projects. I have always paid SIGWONET and SIGFARM directly on the NXT platform in the past. but , afte speaking with a few people, it wa decided to be allowed on the crypt exchanges I needed to update my

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DARCRUS INTERVIEW

program. I felt the need to changeSQL servers everywhere with realto bring in more participants totime streaming replication, servers, Darcrus, and give them the chanceIT support, and expensive disaster at a higher liquidity exchange to recovery/COOP planning, we are building front end templates to take y trade their tokens if they wish. advantage of the decentralized y dWhy bring the profits from databases of the blockchain. No heSIGFARM into the buyback more spending hours verifying database transactions or setting up nprogram? oI did not want to leave the ‘early 2, 3, or 4 different disaster recovery veadopters’ from SIGWONET andefforts. Companies will have full rSIGFARM behind. They believedability to change the UI to suit their nin me and helped build my trustdistinct needs. reputation in the mand cryptocurrency ecosystem.

Are there any companies looking into dAppsheet? If so, can you The first application beingname a few? developed by Darcrus is dAppshet,I have directly spoken to 3 can you summarize what it is andcompanies. It is premature to discuss names, but they come from fwhat it does? a decentralizedthe dice/gambling, IT security/ atdAppsheet, eapplication that automaticallyauditing, DoD verticals. Of course, d replicates and decentralizes thethe 4th company is Sigwo Tunderlying infrastructure forTechnologies that will use ercompanies to tailor almost anydAppsheets. I have also been astracking, billing, or service deskcontacted by a startup accelerator toapplication to their specific needs.firm from Tampa, Florida to present yInstead of setting up redundantDarcrus as well. I am hoping to raise

DARCRUS INTERVIEW

dAppsheets. I have also been contacted by a startup accelerator firm from Tampa, Florida to present Darcrus as well. I am hoping to raise the required 1000 BTC and not need a startup accelerator.

There are two more projects currently outlined in the roadmap, can you give us a few details about those?

Project Mercury will allow for Darcrus to enable businesses and I security firms to offer cryptographically secure logging solutions fo their customers. This will enable non-repudiation of the logging system and files for any litigation raised from attackers, inside o outside the company.

Project Jupiter will enable and expand Universal Second Factor (U2F using hardware wallets such as Trezor to start to decentralized authentication and eventually authorization for services and dat access.

When can we expect the first prototype of dAppsheet to be launched? What about the final version?

I am currently working on the first prototype, that will be availabl to see in the next week or so. My goal is to release the prototyp before the ICO ends on December 11th.

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m e

T or g or

DARCRUS INTERVIEW

#Blocktalk

F) d ta

le e

INTERVIEW WITH

DARCRUS

WHY IS STEEM FREEFALLING?

Steemit is a blockchain-based platform that pays bloggers for writting and users for voting. There is no central authority in Steemit, and payments ar made directly from the blockchain to the writer and curators.

On the 12th of July, the price of Steem, the native currency in the Steemi blockchain experienced a massive surge increasing 400% from 0.00147 btc to 0.0074 btc. Since then, the cryptocurrency has been decreasing steadil in value. Why?

Unlike many other blockchain-based projects, the price of Steem does no necessary reflect the value or the current state of the Steemit platform, whic has been thriving in popularity. Instead, the reason for why Steem is constant losing value can be found in its economic model, and in the system that i used to pay writers, curators, and miners.

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In order to be able to distribute rewards for all the participants, Steemit has an yearly issuance rate of 103%. Steem is issued through mining but the majority of the block reward is allocated to pay for this rewards.

Still, this doesn’t really explain such a steady decline on the price charts. The price of Steem is instead a reflection of the lack of a complete system surrounding it, where demand for Steem would be created. Instead, the only possible use that anyone can have for the rewards issued by the platform, is to sell them for bitcoin. Currently, there are no services or goods to be bought with Steem, and demand for the cryptocurrency falls short when compared to Bitcoin, a widely accepted payment method.

Interesting projects are forming inside the Steemit community however, like the SteemitSports betting system led by Ricardo Gonçalves

Steemit has a dedicated community of writers and readers that have demonstrated that they are more than willing to make the project grow with d projects like the Steemit billboard and‌ It is up to this same community to re create the necessary infrastructure for the market price to stabilize, somethin that may be vital in order to keep the monetary incentives rewarding enough for writers, readers and miners to prosper within the platform. t c y

ot ch tly is

The Bitcoin price has risen over 4% on the back of Donald Trump becoming President of the United States of America.

Uncertainty is the key phrase as his campaign has led to worries on global trade, shifting political alliances and isolationism. Bitcoin is living up to its name as a form of digital gold - a safe haven asset.

Bitfinex has announced that many of its largest BFX token holders have agreed to exchange over 20 million BFX tokens for equity in the company. The equity consists of shares of Bitfinex’s owner, iFinex Inc. With this most recent exchange, Bitfinex has successfully repaid more than half of the total Bitcoin stolen to the users affected by the hack.

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The Internal Revenue Service (IRS) has been targeting transaction records of Coinbase users in the search for tax evasion cases, according to a federal case filed in the U.S. District Court in the California Northern District Court. Coinbase will be served an IRS summons to facilitate the federal agency’s investigation into possible tax evasion by users between 2013 and 2015.

The Bitcoin Core development team recently updated its list of 73 Bitcoin startups that have announced their plans to support SegWit. Amongst the list are popular Bitcoin wallet service providers Blockchain. info, AirBitz, Armory, BreadWallet, Trezor, Samourai Wallet, Ledger hardware wallet, Electrum, GreenAddress, KeepKey and Mycelium.

KOMODO NEWS cryptocurrency space, but also the overall promise that the new delayed Proof of Work protocol and the Komodo Platform offers.

The Komodo Platform offers its users top-notch security features derived from Zcash’s Zero Knowledge proofs. These allow users to make private or transparent transactions, according to the requirements of each situation. One of the major differences between Komodo and Zcash are the supply and the way it is issued. While Zcash started KOMODO PLATFORM from 0 ZEC and will go on to 21 GATHERS 2636 BITCOIN million, until the total supply is mined, Komodo will start with 100 The Komodo Initial Coin Offeringmillion issued coins that are period ended two days ago. Duringdistributed to investors. 100 this 5 week crowdfunding million additional coins will be campaign, the Komodo team mined over the course of 14 years. managed to gather 2636.37 Out of the 200 million coins issued, Bitcoin in exchange for KMD the Komodo team will keep 5% tokens. The undeniable success offor development, marketing and this ICO reveals, not only an bounties, which also differs from overwhelming need for privacy-the Zcash “Founder’s Reward” driven alternatives within thethat will amount to 10% of the

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KOMODO NEWS

the Zcash “Founder’s Reward” decentralized exchange for that will amount to 10% of the cryptocurrencies. Using this tool Zcash total supply. anyone can exchange coins directly and with liquidity. Users One of the most interesting aspectswill also be able to transfer fiat of Komodo is its novel approach assets with the same privacy as on security, Delayed Proof of Komodo, and to exchange them Work (dPoW). This protocol anonymously and in a allows Komodo to “recycle” decentralized setting.

Bitcoin’s hashing power by notarizing its blocks on the Bitcoin blockchain. This process is headed by a group of pre selected notary nodes that will be voted on by the community.

Since the beginning of the ICO, the Komodo team has revealedWhile no exchange has been how a series of previously confirmed, users can count on the developed projects will formEasyDEX decentralized exchange around Komodo to build a to sell and buy Komodo, once it’s complete ecosystem. finished. Until then, users can learn more by engaging the SuperNET The Iguana multi wallet will becommunity through the official the hub where users can accessslack channel. the basic features of Komodo and other cryptocurrencies as well as other advanced tools like EasyDEX. EasyDEX is a

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XAURUM INTERVIEW

What is Xaurum?

Xaurum is a representative commodity cryptocurrency. It represents an increasing amount of gold and uses it to occasion an increase in its value.

It is built to dynamically distribute the profit of money creation to it commonwealth, stored in gold, and the economic agents creating it.

Xaurum's main innovation is aliquid, the dynamic distributed elastic profi of money creation (seigniorage). Aliquid is used for systemic functions of Xaurum and is the changing ratio between the seigniorage paid to the commonwealth in gold and the seigniorage paid to the money creator in XAUR.

Why gold and not another commodity?

Gold has its specific allure; its historic importance and use had made i into a synonym for value in most cultures. It is a commodity that has become financialized to such a degree, that it almost isn’t a commodity anymore, but rather a type of money. Not only are the fungibility and purity of particular pieces very well regulated, its tax status is also the same as money in most countries. It functions very well as a storage of wealth, it is not volatile, as the effect of production on its prices is very stable, and we speculate that its non-volatility is enduring.

How did the team come up with the idea for Xaurum?

Xaurum is the fruit of nihilnegativum’s theoretical and BelTirid’s practica considerations, two long months of problem solving, planning and simplifying the solutions. On the other hand, we could perhaps say that the idea of Xaurum is still not completely formed. Although the main framework of ideas forming Xaurum will remain as it is, cryptoshere provides us with the opportunity to test new ideas, mechanisms and principles in practice and determine their efficiency.

XAURUM INTERVIEW

How does Xaurum increase its anyone can subscribe to our mailing list and participate in the public audi GOLD/XAUR ratio?

It uses the difference between theof Xaurum gold reserves stored at value XAUR has on the market and Loomis, by receiving daily updates. the value of the gold it represents. This difference of course depends on the market and is dynamic, but can be used to distribute the profit of money creation to the creator of new money supply, currently miners and minters, and the commonwealth. Every time new money supply is created, the gold supply increases more than the money supply, increasing the ratio of gold Can anyone convert their XAUR representing one xaurum. tokens into gold? If so, how would Who manages the Gold reserve and it work?

Anyone that has xaurum can melt how does auditing work?

Gold reserves are managed by Auresco them on our website. When one melt Institute, it stores the majority of thexaurum, he removes it from the money reserves at Loomis in Turkey. There is supply in exchange for the gold it an arrangement in place between our represented at the time. Auresco gold provider Nadir Metal Rafineri A. Institute receives the xaurum, enter S., Loomis Guvenlik Hizmetleri A.S. the quantity in the melt smart-contrac and Auresco Institute that minimizesto verifiably destroy the xaurum and the costs of storage. Auresco Instituteto subtract the gold from the buys 1 g of 999.9 gold cards, Nadir commonwealth. The gold is shipped delivers them as 1 kg or 0.5 kg bars to by mail and the type of security is Loomis for storage, and once we needchosen by the user, because he covers them, Nadir exchanges them back to the costs of shipping.

1g gold cards. From our website, Xaurum started out as a Proof of

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XAURUM INTERVIEW

gStake cryptocurrency and recently should prove unstoppable, Xaurum itmigrated to Ethereum. Why? would migrate on another blockchain. t When Xaurum was created, the mostLike money can be implemented on appropriate crypto for its gold, silver or paper, Xaurum can be implementation was Blackcoin, that implemented on any cryptocurrency has at the time already establishedthat can support custom tokens and/or itself with its innovative use of proofpreferably smart-contracts. of stake combined with a custom multipool. The plan has always beenWhat are the plans for the future, to use whatever crypto infrastructuregoing forward with Xaurum? exists for our own ends. The rise of We believe practical good is achieved smart-contracts in crypto waswhen the benefit of the individual especially beneficial for our project,coincides with the benefit of the whole, as there are many different Xaurum is foremost an attempt at this. mechanisms to implement that can Our intention is to create something now be automated in a transparentuseful, by trying to make Xaurum backwards compatible with existent manner. t financial infrastructure and striving for sAre you worried about the recent user friendliness. This, however can yattacks on the Ethereum network come only as the side effect of t and how they can Xaurum as a Xaurum’s growth, for this reason our osmart contract system on plan remains always the same - to grow rsEthereum? and develop accordingly. ct The attacks are an inconvenience to dall Ethereum users. We think it is e preferably to have them expose the dvulnerabilities of the network and fix sthem now in the early stages rather sthan later.

In the unlikely case that there were catastrophic attacks on Ethereum that

CROWDFUNDING

STARTUP FINANCE AND CROWDFUNDING IS CHANGING

Looking at the new systems sprouting around the world these day financing of new ideas and teams is rapidly changing. Yesterday project were financed using banking methods and corporate structures that da back centuries. The few people who have access to the right connection reaped the rewards while the rest worked twice as hard. But now a new era in organizational structures is upon us.

According to Dominik Zynis, Marketing Advisor to WINGS,“A few years ago while working on a project that provided a technology for the first ‘crowdsale’ I saw MaidSafe be the first to raise several millions in Bitcoins, now a week doesn’t go by without a similar

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CROWDFUNDING event. Bitcoin is the ultimate global idea crowdfunding platform.�

Not only is the blockchain sector a breeding ground for new disruptive ideas to take flight, but it also offers the prospect of a new economic order. It offers a vision of a future where everyone has access to economic opportunities, and wealth from work, knowledge and innovation can be distributed and not held tightly by just a handful of corporate investors.

A lot of these projects, however, don't fit into the normal crowdfunding box and there is no control, even with regulations, to help people get input if a project has a chance to succeed. Goldman Sachs and Merrill Lynch certainly are too old school to start covering coins.

Initial Coin Offerings (ICOs) are commonplace nowadays, but it is often impossible for the community to know if the project is worth supporting due to the lack of technical knowledge or research required, and it’s not unusual for investors to be left holding a bag of worthless shares or coins.

Recently, a project out of the European Union raised well over $10 Million simply based on the premise that ICOs thus far have been huge ys money makers for early participants, and intends to provide an easy s system for managing a coin index fund. ate ns A platform called Waves, with its token being the "fuel" used for all w operations, aims to be a decentralized Kickstarter and an instant and decentralized asset-to-asset exchange, supporting other cryptocurrencies like Bitcoin or Ether and national currencies like EUR, USD, YUAN at the same time. Assets can represent services, stocks, real company shares with a built in dividend system that allows a company to make payments to investors with a click of a button in any currency, domestic or digital.

CROWDFUNDING

real company shares with a built in dividend system that allows a compan to make payments to investors with a click of a button in any currency domestic or digital.

Another firm is calledFunderbeam which is a blockchain based stock market for growing startups. It allows them to get the funding the require to develop and it allows users to research and invest on thei favorite projects. Funderbeam provides tools for users to easily researc

investment opportunities before investing in a startup. Furthermor Funderbeam will conduct a search on any previous investors a startup ma have and drafts a shareholder’s agreement for investors.

Another platform calledWINGS is a decentralized kickstarter that also offers project governance. It allows anyone to submit projects to the WINGS community which will then review them and forecast the success rate of th project and the amount of financial support it can gather. The system allow people to focus on innovative projects and to eliminate unworthy proposa without any central authority dictating which projects are good or bad

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CROWDFUNDING

ny Furthermore, everyone can participate in the forecasting and is encouraged y, to do so due to the incentives built into the platform. Startup enthusiasts

that do not have the necessary knowledge or experience to forecast a project’s success can delegate forecasting powers to more experienced users, and contribute to a project’s success via a decentralized task bounty system.

Blockchain technology brings about new and easier ways for ideas to be ey turned into fully developed projects, including platforms that facilitate ir crowdfunding and asset issuance. Few platforms, however, focus on providing ch the necessary tools for due diligence to be performed by the investors. re,Additionally, new concepts like swarm intelligence and other tools are ay changing the way we perceive project funding and management by introducing a decentralized web of insights into decision making processes that used to be controlled by executives giving other project stakeholders a voice.

Thanks to blockchain technology and the freedom cryptocurrencies provide new projects, that may not have been able to take off anywhere else, have come alive following the support of an global community of crypto-investors, s and new opportunities for making money are no longer locked up in the GS vaults of pedigreed Wall Street and London investment houses. he ws als d.

VDICE

vDice ICO: Distributed Economy for All

vDice, a decentralized gambling application built on the Ethereum network that allows users to bet their Ether holdings in a fair and transparent way (something that isn't always granted with centralized systems where "trust is a must"), has recently announced a crowdfundin period in which users will be allowed to own a piece of said application and the profit generated by it, in exchange for an investment made in Ether. This makes, not only the underlying technology but also th ownership of the gambling system fully decentralized. While this ma not seem like a big deal to the common observer, it's a small step forward to a fairer world where the wealth can be shared and distributed b many, and not just a handful of investors or founders.

The vDice Initial Coin Offering (ICO)is a crowdfunding initiative that

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VDICE

focuses more on creating revenue for its investors and for the whole Ethereum ecosystem than on a specific technological innovation (although the smart contract system employed demonstrates how the automation and decentralization of any "old school" system can make it more efficient, transparent, and safe). As we get closer to said ICO, we can observe the popularity and promise that the vDice gambling dapp (decentralized application) offers by analzyng the Ethereum blockchain itself.

The ownership of the vDice dapp will be distributed in the form of vSlice tokens. There is a total of 96 million tokens, through which the vDice profits will be equally distributed.

If we analyze the blockchain wallet address through which users are investing in vDice, we can see an overwhelming inflow of capital, surpassing $1,000,000 worth of Ether in less than 90 minutes. An impressive value by itself. Now, when we think about the organic marketing potential that this system can achieve through the decentralization of its ownership, be it by word of mouth or any other m marketing techniques that its many (future) owners can employ, we can d logically expect the inflow of bets on the vDice gambling dapp to increase d exponentially after the ICO. ng n, The Initial Coin Offeringstarted on November 15th and will last for 4 n weeks. Users are currently entitled to a 30% bonus that will gradually he decrease over time. Learn more about the vDice ICO. ay d by

WAVES NEWS

WAVES Releases Full Nodes and Assets: A Novel Approach for Public Blockchains

The Waves Platform has finally released its full node code, allowing anyone to take part in the decentralized process of block creation Although there have been some delays, the Waves team values security and functionality above anything else, as the community observed throug the bug bounty campaigns hosted that helped eliminate severa weaknesses in the Waves network. While an important milestone wa reached, Waves started working ondecentralized 2FA prototypeto improve security for their partners, users and clients, the source code i available already on GitHub. The update v0.3.4 allows anyone to host a Waves full node, as opposed to the centralized structure that has been active until now.

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WAVES NEWS

Furthermore, this update also bringsbeing built on top of the Scorex asset creation into the mix, one of framework and its assets are the most important features in thestructured on a simplified payment Waves Platform. Assets follow a verification (SPV) scheme that is novel approach that provides based on improved authenticated scalability enhancements on adynamic dictionaries approach , technical level with usability andwhich allows the system to scale versatility on a business level. with ease.

Furthermore, a combination of the DPOS Anyone can now issue assets on the(Delegated Proof of Stake) and main net, and there will soon be anLPOS (Leased Proof of Stake) option to crowdfund the issuanceapproaches will allow for processing of these assets through the Wavesthe transactions faster and more lite client. With time, assets can beefficient. freely exchanged on the decentralized Waves Asset Although Leased Proof of Stake is Exchange, allowing users to tradenot yet available, it will be one of assets for other assets,the most important features in the cryptocurrencies, and fiat tokens. Waves Platform, allowing anyone g to receive interest on their holdings n. Waves team aims to bring trustlessby leasing their mining power to a y high-frequency trading, throughfull node, while having tokens ghorder matching, enabling the speed secured in the personal account all al of traditional exchanges without thethe time. Please join the network by as risk of storing funds with afollowing the official guide and centralized party. All the mainconfiguration process that can be is features will be available on litefound on github or byfollowing the client without the need to downloadpicture guide by CryptoCompare d or store the blockchain.

Waves is the first production system

WAVES UPDATE 18 Full Nodes Resources

You can run a node on a Windows, Linux (Ubuntu/Debian) or Mac machine. The latest releases (currently v0.3.4) can be found here There is no minimum number of WAVES required to run a full node.

However, if you want to generate blocks then you will need a minimum Waves Releases Full Nodes and balance of 10,000 WAVES. There are Assets plenty of resources for those who wan This week we celebrate the launch of to run a node (read the installation full nodes and asset creation! We guide here), but it is expected that realise this has taken longer than mostly it will be more experienced originally planned, and thank theusers who will do. In due course we community for their patience. Final will release balance leasing, which wi bugs were fixed last week but with theallow anyone to lease their WAVES large number of conferences and other to an active node and receive rewards events taking place in Moscow, we felt from block generation. it was better to launch this week when we could give it our full attention.

You can always download the latest

versions of the Lite client fromhttps:// The launch took place in stages, with wavesplatform.com. Please be aware full node code first being provided tothat there have been issues with a fake Bittrex, as well as running on our github repository claiming to offe developer nodes. We carefully v0.4.4 of the Lite client. The latest monitored the network and, once weversion is v0.4.3a. were satisfied that all was running smoothly, we made the code available Next Steps to the community. Anyone can now With a fully decentralised network an download and run a Waves node. the ability to create custom tokens

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WAVES UPDATE 18

Waves’ core functionality is in place. incorporate encrypted messaging, , In the short term, the next step is towhich will likely be an off-blockchain c make this functionality more widelysolution for greater security and to y available through the Lite client. This reduce bloat. Balance leasing will also is currently in development. At allow us to move to a leased proof-off present, businesses are still able tostake (LPoS) model. . create their own assets via the API, but most users will not want to do it Further down the line, functionality m this way and it will be far easier to such as voting, a decentralised send and view asset balances when reputation system for assets and even a form of smart contracts will be added. nt the Lite client supports this. n t Custom tokens are also fundamentalWaves Weekly Crypto Roundup dto one of Waves’ flagship The latest episode of the Waves Weekly fiat gateways. Crypto Roundup with Grace Watson e propositions, illGateways require little in technical has been released. This week, we have S terms beyond the ability to create anda new organisation giving us an s transfer assets, with much of the workoverview of the bitcoin markets. We concerning compliance and also have a new section on crypto administration. We expect the firststartups. t gateways to start this work soon and will keep the community updated WATCH VIDEO e about progress. e er Further milestones involve theDEX (decentralised exchange), which will allow trustless asset-to-asset trading.

This will also make it possible to pay transaction fees in the same token ndthat is being transferred – for example, s, USD can be used to pay the tx fee when sending USD. We will also

WAVES UPDATE 19

github.com/wavesplatform/WavesGUI/ Network Overview It’s been a quieter week after the recent releases/tag/v0.4.4 – please do slew of conferences and events, then download this and assist with testing last week’s launch of full nodes, but you are able to. You can also find the there’s still plenty going on. Our testnet lite client at http://testnet. developers and team of community waveswallet.io/. testers have been monitoring the network to ensure that everything is Roadmap Update running smoothly, and the first assetsAfter the last mainnet update, the new have been created using the API. You Lite client is to be released with asse can gain an overview of what’s going functionality on mainnet. The next stag on with the network by taking a look at will be leasing transactions and Waves http://wavesexplorer.com/, which DEX (decentralised exchange). shows recent blocks and peers. You can LPoS (leased proof-of-stake) is also download the Lite client from designed to allow increased throughpu https://wavesplatform.com. Please do and greater security. Vanilla PoS has not download it from any other some theoretical security issues. PoS source, because there have been as implemented in Nxt, for example – issues with a fake github repository . has never actually been compromised but some critics claim that this is simpl More experienced users may want to because there was never a great enough run a full node. The latest releases canincentive to do so. For Waves we want be found at https://github.com/ to have a system that is secure from a wavesplatform/Waves/releases/tag/v0.3.4. theoretical point of view. In due course Any user can run a node, but you will a tech paper will be published for pee need at least 10,000 WAVES to generate review. For greater scalability we will blocks. You can read the installation be using our improved authenticated data structures, leading to a mor guide here. compact blockchain.

Updated Lite Client on Testnet The new token functionality is currently being integrated in the Lite client. You Two-factor authentication will offer can find the latest version athttps:// users greater security still, and we als

33

WAVES UPDATE 19

expect to see the first fiat gateways talking to numerous organisations early in 2017. Alongside this Waves behind the scenes. It is Waves’ belief ifwill be releasing a dividend plugin to that mass crypto adoption will come e enable issuers to distribute initially through very straightforward crowdfunding tokens, and a mobile functionality, by making custom tokens wallet for use on the go, with asset accessible to ordinary businesses. functionality built in. The mobile wallet is currently in testing mode, so this willWe have also been talking to more w not take long. exchanges about adding Waves. This et tends to be a relatively slow process, geIn the next few months, we will since decisions are carefully considered s’therefore have a comprehensive and reputable exchanges will always production-ready system that will beconduct a code audit before making new s very attractive to the many businessescoins available – especially when they utthat routinely approach us for help with are built on a completely new codebase, s crowdfunding and other proposals. like Waves. The community will – appreciate that we cannot talk about – Business Development specific partnerships with businesses or d,The release of full nodes and customexchanges until these have been agreed. lytoken creation means that businessesAnyone who has a business project and h can start issuing and using their ownwould like to work with Waves is invited t CATs. Incent, a new kind of loyalty to join our Slack to discuss it further and a platform, is one such initiative and one for technical assistance. Please email e of the first enterprise cases for therideon@wavesplatform.com for an erWaves blockchain. Incent has been invitation. l running its own crowdfund, which is d due to end on 30 November, and has reso far collected more than $1 million in BTC and WAVES.

With the imminent release of updated r Lite client, we are now in a position to sosupport business development and are

WAVES TV EPISODE 6

EPISODE 8

35

WAVES TV EPISODE 7

EPISODE 9

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