Core magazine december 2017

Page 106

Blockchain News

The above is the donation address and the private key used to donate to BCNext while he was asking for BTC to fund the NXT Platform in 2013. This was posted by Comefrom-Beyond via tweeter during a twitter storm with founder of Ethereum creator Vitalik Buterin. BCNext and Come-fromBeyond’s real name is Sergey Ivanchego; Sergey became a self-made multimillionaire from being NXT creator and IOTA CoFounder.

Although many have stated BCNext was Coming-from-Beyond in the past, including this groundbreaking interview with the CoFounder of IOTA, David Sønstebø. After recent revelations, there now can be no doubt to BCNext’s identity. Finding the creator of the NXT platform is a significant event. Those who have been around the cryptocurrency sphere long enough to remember will note that NXT was a legacy coin like no other. Well ahead of its time, NXT had several groundbreaking features, including full Proof of Stake, forging, a fully functional Decentralized Asset Exchange, voting on the blockchain and more. Being that NXT was well ahead of its time, the platform attracted many entrepreneurs that shared such forward thinking visions, such as Sasha Ivanov of WAVES and James Lee from Komodo. Both of them created assets built on top of the NXT platform. Sergey also traded his own asset on the NXT platform, the “Jinn”. Jinn’s original purpose was to issue revenue from an upcoming Internet of Things project. That project eventually turned into IOTA, his most latest venture. The beginning of NXT, however, was marked by controversy with how the ICO (Initial Coin Offering) was funded. BCNext on September 23, 2013, created a forum thread stating he would create a “second generation” cryptocurrency and asked for small donations. In total, there were only 21 BTCs raised, which at the time, was only $800 per BTC, amounting to a total of $16800. Being that only 73 engaged in the

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