The Cyber Republic’s New Website
There are several developments for Cyber Republic and Elastos this week:
- The 12 CRC DPoS nodes are up and running and merged mining is officially open to the public https://twitter.com/Elastos_org/status/1112744769644609536, with three of the top 10 BTC mining pools already merged mining ELA this week and mining difficulty increasing six times over in that short period (at the time of this writing). https://blockchain.elastos.org/block/6e8382d94f9b3cdb1366f855f033d4e9605928b1079b240584329124d57433c9
- Crypto Insider conducted an engaging interview with Rong Chen about Elastos and the CR https://cryptoinsider.com/exclusive-project-founder-explains-how-elastos-is-building-the-modern-internet/
- The CR website has a sleek new look. Useful functions have been incorporated in the Suggestion process on the CR website such as autotranslation features https://www.cyberrepublic.org/
- Ledger has added Elastos to its Trello development page https://trello.com/c/atoCyDf1/142-elastos-support
- Kiran Pachhai (KP) has come out with another Spotlight Series article, this time on DPoS Consensus and Block Finality https://news.elastos.org/spotlight-series-3-elastos-hybrid-consensus-and-finality-of-blocks/
- Kiran has also posted a video on the new Private net on YouTube https://www.youtube.com/watch?v=abPQL8pfSH0&t=1323s
- There is a new proposal that has been approved to develop a browser plug-in for Elastos wallet https://www.cyberrepublic.org/proposals/5ca5a8fe0a075100af564467
And that’s not all.
In this Weekly we have an article on a new Elastos Foundation team called, “The Developer Experience Team”, a unique reward system called the “Sword Method” proposed by Supernode Candidate Enter Elastos, a Suggestions Highlight for a project called “Arkane”, several more Supernode candidates, an interview with an exciting team called “AllianceBlock”, and updates from our family in the Philippines. Phew! Without further ado, let’s get into it.
The consensus protocol has officially changed for Elastos. The ecosystem boasts a unique hybrid consensus mechanism: AuxPOW and DPoS. Now that merged mining is officially open to the public, two prominent BTC mining pools have started merged mining ELA: BTC.TOP and ViaBTC. Along with BTC.com, they make up three of the top 10 Bitcoin mining pools securing Elastos. The next major event was the incorporation of the CRC Supernodes. These 12 CRC nodes have officially started signing the blocks created by miners to ensure finality of Consensus. Once Participant Node elections conclude, there will be an additional 24 Supernodes helping the CRC Supernodes confirm and sign blocks. Merged Mining on Bitcoin and the 36 Active DPoS Supernodes, governed by the Cyber Republic community, creates a wholly dynamic and unique Consensus Mechanism.
KP has come out with another Spotlight Series speaking about this brand new Consensus Mechanism with many interesting details about the process. KP discusses the history of the Bitcoin’s Proof of Work model followed by other Consensus mechanisms such as PoS, DPoS, PBFT, DAG, and Ethereum’s new Dual Consensus method, Casper Friendly Finality Gadget (FFG). He shares how Elastos’ AuxPOW and DPoS Consensus, each block packaged by Miners, signed by the DPoS Supernodes, creates true finality which prevents any sort of forking of the network. “Beneath the simplicity of Elastos’ hybrid consensus mechanism,” KP continues, “lies a highly sophisticated multi-stakeholder solution which provides maximum security and optimal network decentralization.”
Elastos’ Consensus is different and more intuitive than all the other DPoS models. He goes on to explain, “On most blockchain platforms that employ DPoS consensus, the supernodes both package blocks and sign them. On Elastos, however, the job of a supernode is to sign and verify the blocks. Consequently, DPoS supernodes can collectively choose to reject malicious blocks packaged by merged-miners and also provide the final stamp of validation for solved blocks – called ‘finality.’”
The issue of potential forking and malicious activity is very serious. When an arbitrator decides to sign two different blocks with the same height and view number–“This scenario would produce a fork because arbitrators should not be signing two different blocks at the same height and the same view number. This may be done with malicious intent in the hopes of producing a fork of the blockchain and all its sidechains. If one does this, evidence can be detected by every node in the network and the guilty arbitrator would be punished to the tune of 5,000 ELA, as this is a very serious issue.” The 5,000 ELA would not be returned to the Supernode and ideas such as burning the ELA or giving it to the CRC Fund are under consideration. There are also penalties for failed activity from an Arbitrator. If an on-duty arbitrator doesn’t send a block proposal for 1440 blocks (roughly 48 hours), the Supernode will be penalized 10% of their 5000 ELA. They will also be unable to participate in Supernode Elections for 7 days. If it happens again after their ban is lifted (7 days of ban plus 24 hours of a waiting period), there will be another 10% deducted until it reaches 4,000 and it will need to add an additional 1,000 to participate in Supernode Elections. The Elastos and CR Consensus Method’s strict rules ensure balanced and disciplined transaction flow that prevents Double Spending.
KP’s article also talks about Elastos Sidechains and Arbitrators. Make sure to read it!
Aside from his article, KP is always educating. He’s uploaded a Youtube video on the Elastos Private Net that explains how the Private Net has updated due to the new CRC Supernodes. KP points out the CRC Nodes on the Main Chain, Arbitrator Nodes, Side Chain Nodes, and others. He goes over the Main Chain Code and explains how each block is mined and how rewards are distributed in two minute intervals. There’s lots of content in the video about different sidechains and he also brings up a new Developer’s Workshop that he will be conducting bimonthly. These workshops will focus on interacting with the different Elastos components such as Elastos Carrier, Elastos Hive, main chain, DID sidechain, token sidechain and importantly, writing simple smart contracts on Ethereum and NEO sidechain. These workshops can be referred to as “Elastos Hello World” workshops because they are very beginner friendly so anyone who wants to start developing Apps in the future on the Elastos ecosystem is welcome to join as everything will be taught from scratch. The format of these workshops will be similar to a livestream and may be held on the Cyber Republic YouTube channel so developers are encouraged to join these workshops if they would like to start learning developing DApps on elastos from scratch.
The Cyber Republic website has revamped its image and has a sleek new look. Before, the overall layout was a bit too focused on education without the design and style appeal to the average visitor. Now, it welcomes first time visitors first with the CR and Elastos logos. Beneath those are the tenets of Core Blockchain Development, Application SDKs/Developer APIs, Sidechain Integrations, Ecosystem Fund/Project Funding, Community Governance and DPoS Supernodes. These are the aspects of the CR Ecosystem that truly separates the CR from other projects. Through graphics and words, the Suggestion Process and how the community can contribute is explained, going through the CRC process of Suggestions into Proposals, which if accepted, is voted on again for Funding. The Suggestions layout has increased functionality as well, such as autotranslation options. The home page clearly explains what the Cyber Republic, CR Temporary Council, and its Constitution is all about. Developers, fans, investors and all other interested parties can now learn and participate in the CR Ecosystem even easier.
Rong Chen recently interviewed with Crypto Insider and proved to be great content. Rong lays out the important features Elastos brings to the world: Security and Consumer/Enterprise dApps and creating a true Digital Asset economy.
He speaks about the flexibility and adaptability of Elastos, able to port any existing sidechain onto the network. Rong states that its infrastructure, like Carrier, is completely autonomous and runs in a peer-to-peer manner. He then speaks on the framework of the Cyber Republic: “It’s here that any member in the community can submit a proposal to make certain changes to the core infrastructure if it’s accepted by the majority of the council members. If there are enough approvals from the wider Cyber Republic community members, the proposal is implemented in the Elastos base code and is pushed throughout the network.”
Rong also comments on porting Ethereum dApps, the new Dual AuxPOW and DPoS Consensus mechanism and Cyber Republic going live in August of this year. He ends the article with a very encouraging quote to all of Elastos and CR’s fans out there: “In 2020, the vision of the Elastos Smart Web will truly take off and it’ll be a new era of the internet where every person controls their own property and rights protected by the blockchain and thereby have a chance to take part in the Web 3.0 revolution.”
We all are believers in the new and smart web and look forward to its power, security, and endless possibilities.
-By Jeremy G.
Watch an update of the Last Week’s Update by Amos here:
Here is the latest Elastos Weekly Update: https://news.elastos.org/elastos-weekly-updates-05-april-2019/
We have a new Cyber Republic Documentation site with relevant introductory information about the Cyber Republic, including the constitution, voting and proposals, and leadership. Check it out here: https://news.elastos.org/elastos-weekly-updates-05-april-2019/
If you have any content you’d like to submit to our writing (or social media) team, please email us at our new contact email:
Cyber Republic Website
- Main Project Repo: https://github.com/cyber-republic/CyberRepublic
Git Activity and Updates
- Please refer to the timeline described on this article for more info: https://blog.cyberrepublic.org/2018/12/27/important-cyber-republic-announcement
If you are a developer interested in working with the CR or Elastos, here’s a form you can fill out: https://goo.gl/forms/pvzDYMsVEs10s6U72
The Sword Method: ‘Enter Elastos’ Creates a Unique Reward-Distribution Model
Read it on medium, here: https://medium.com/@lupo701/the-sword-method-4522f892c093
Enter Elastos is happy to announce our approach to offering the Elastos and Cyber Republic community a fair and sustainable reward-sharing model called, “ The Sword Method”. Before getting into it, let’s have a little recap:
- Every Voter can vote on 36 Supernodes
- Delegates have to lock up 5000 ELA per Supernode
- Delegates cannot use locked ELA to vote
The logic of the Sword Method takes into account these three bullet points. Additionally, since the Voter gains rewards from all 36 Votes per ELA they cast, our calculated Voter Rewards are based on the assumption that the other voted nodes have also adopted the Sword Method.
To start, a Base Ratio is set. The Base Ratio divides the DPoS rewards between the Delegate and all Voters who voted for that specific Supernode. In our case, we will start with a Base Ratio of 40/60: 40% of the DPoS rewards will go to the Delegate and 60% to Voters.
The second parameter is Number of Votes.
As the number of votes increases, each Voter will gain less and less. Although the Supernode receives a bigger stake due to a higher ranking, the overall change will be negative for the individual voter.
This is where the Sword Method really becomes alive, showing its strength by adjusting the Base Ratio in favor of the Voters. To improve the situation of the individual Voter, the Base Ratio will increase from 40/60 to 25/75 after crossing 810,000 votes. As you can see in Figure 1 and Figure 2, this is only the first of many occasions where the Sword Method shows its magic. As the number of votes increases, hitting certain thresholds, the Base Ratio also increases to ensure a fair distribution of rewards to its Voters.
Figure 1, Base Ratio adjustments
Figure 2, Base Ratio adjustments
The Base Ratio adjustments in Figures 1 and 2 aren’t random. They ensure that DPoS rewards are distributed with a certain proportion going to Delegate pools and Voters (Figure 3), no matter how many votes the Supernode gets in total. As seen in Figure 3, every time the Delegate gains two times more than the Voters, the Base Ratio adjustment is activated in favor of the Voters.
Figure 3, The Sword Method
The Sword Range displayed in Figure 3 illustrates exactly how Delegates and Voters are rewarded, detailing percentages of DPoS ELA rewards given to Delegate and Voters in a clear and transparent way.
The most beautiful part is that the Sword Range never changes its main structure; it only grows over time and ensures fair distribution of DPoS rewards between Delegate and Voters.
To develop a better understanding of the possible outcomes of the Sword Method, take a look at table 1.
This table presents potential outcomes for Delegates and Voters. Keep in mind that the results of the Voters must be seen as mean values. This is due to the fact that the Sword Method is multiplying the mean reward of 36 nodes.
We sincerely hope that the Sword Method helps strengthen both sides of the DPoS ecosystem, giving Delegates and Voters a solution of cooperation in a sustainable way.
New Elastos Foundation Team: DX
Talented developers are needed to further the Elastos and Cyber Republic ecosystems. Members of both communities understand well that developers are the key to success, and the Elastos Foundation is determined to attract them en mass.
Introducing the Developer Experience Team (DX). As stated by the team:
“The Developer Experience (DX) Team is a newly formed Elastos Foundation (EF) team that will bring focus to the User’s [Developer’s] Experience. Understanding well how developers envision using Elastos, we will optimize their experience. Comprised of three domains, DX will focus on attracting, converting, and retaining developers.” DX’s roles are:
- Overall strategy and wider indirect marketing. The DX Team optimizes the developer funnel for inbound leads with the ultimate goal of converting leads to the Dev Studio team.
- Gather developer feedback and address their concerns and experiences.
- Funnel interested leads (developers and companies) to the Dev Studio which will help them build on Elastos. Any leads from both DX and DS that are lost, uninterested, or not ready to develop on Elastos will be fed back to the DX team for retention and drip campaigns to keep them warm for future collaboration.
- Improve conversion rate and use data to provide the best developer experience possible.
They’ve a focused plan to corral the best talent possible and a mission to recruit the best developers of all backgrounds, educate and train them, and ensure their services to build revolutionary and sustainable dApps on top of the Elastos platform. So who is the DX team? What specific steps are they taking to accomplish their goals? Rest assured that this motivated and determined team has the vision and dedication to cultivate adoption onto the Elastos infrastructure.
You might call this team the “Dream team”.
Donnie Bullers is the leader of the DX team. He will be responsible for overall strategy, operations, and technical marketing. Jimmy Lipham, a well known developer and active community member, will be tasked with guiding the developer experience and gauging levels of satisfaction. Martin Knight, a contributor to the CR News & Social Media team and regular designer for the EF, is currently heading up design and branding for the group. Kiran Pachhai, the Elastos Foundation’s Software Development Relations Manager, will be the team’s technical resource who will be working closely with DX to ensure both this team and Dev Studio are fully synchronized.
This blend of experience, from the leadership from Donnie to the technical skills of Kiran and Jimmy and the branding talents of Martin, makes this team destined for success. What was once defined as the U.S. Team for the EF has now been strategically organized into three main groups: Dev Studio, Communications, and Developer Experience. The DX team, along with the aforementioned teams, are all funded by the EF.
In order to execute the daunting plan of accumulating the world’s talented developers, there needs to be a maniacally-strategized approach. Given the abundance of options in the blockchain and non-blockchain worlds alike, developers certainly have a lot of directions they can go in terms of where they will code and build. Therefore, Elastos needs to aggressively cater to the User (Developers). Donnie states, “It will be the responsibility of the DX Team to open the doors to developers from many backgrounds and make the experience as clear and easy as possible in order for them to be able and willing to start building.”
The DX team is optimistic in their approach and solutions. “As with any new team,” Donnie explains, “DX will face challenges gaining traction and acceptance in the developer community. Elastos currently has the advantage of being innovative, exciting, and open. However, these advantages will have little influence and traction without the active participation of developers. To combat these challenges, DX has put together a strong team and will be working in lock step with the Dev Studio team. This initiative has been in discussion since December and we are excited to execute on the DX strategy.
“The DX Team will monitor developer experience and provide feedback to the Dev Studio Team. In Q2, we’ll perform a deep dive into Elastos users [developers]. Elastos needs the research to raise awareness about its business and competitive value in providing a great developer experience to drive adoption. Through creation of strategic documents and research, we will better understand the answers to questions such as, ‘Who wants to build on Elastos?’ ‘Are they building sample DApps, test DApps, or production DApps?’ ‘How do they get started building?’ ‘How should we prioritize parts of the experience?’ After the needs of developers are established, the DX Team will make the Elastos Experience as clear and easy as possible in order for them to be able and willing to start building.” There will be a constant back and forth between the DX and Dev Studio team, and it will certainly involve a lot of trial and error to determine the most ideal Developer Experience.
The research and time spent on learning developer needs and their standards will lead to a seamless experience for these much needed assets. The DX team expects adoption of their developer tools around Q3 or Q4.
Now that the general roadmap has been laid out, what are the details of their approach? Concerning attracting the developers, Donnie Bullers states, “The external resource of a growth marketing agency that has been working with Elastos for several months will assist in converting user data to a technical marketing strategy. Through implementation of strategic documents created by the DX Team, the agency will convert this data into technical marketing tactics.”
The team believes that the open source nature of Elastos is very appealing to developers as getting code up-and-running quickly along with the opportunity to try something new and exciting are some of the best advantages of Elastos–especially when the entire Elastos code opens up to the public and the full activation of the Cyber Republic Consensus (CRC) is in play.
Once the DX team successfully attracts developers to learn about Elastos technology, they must convert them. Donnie Bullers explains his strategy of conversion in more detail, “…once we are generating quality traffic, our focus will shift to converting people to customers. The primary indicator of success will be conversion rate with a secondary indicator of measurement similar to time-to-first ‘Hello World’. The DX Team will utilize a combination of qualitative and quantitative measures when analyzing developer conversion.” Data and process are key in this conversion stage. Every data point and every action in the process will be analyzed in order to perfect the conversion program. Having people on the team like Jimmy and Kiran with a wealth of developer knowledge will prove very valuable. They will play a big part in communicating with the developers, finding out what their wants and needs are, and properly relaying this information to the Elastos Dev Studio in order to modify its respective tools and development kits.
In terms of retaining Developer services, the DX team has come up with a very sophisticated method. “Working together with the Dev Studio Team, we will support adoption and use of tools, an increase in volume of API Calls, pull requests, and Developer Satisfaction among other metrics. In order to define how Developers envision using Elastos, this will require strategies such as Usability Testing. One possible approach will be to engage with users of the GMU testbed and ask them to “think aloud” while using Elastos. The DX Team can also perform remote journaling studies with recruited developers who are getting started on Elastos to highlight key issues, backed up with solid and well documented research, to drive the technical marketing efforts of Elastos and support the direction of the Dev Studio Team.” This continuous cycle of improving the process and product, paired with the motivated and talented people on the DX team working with developers, will make DX’s vision of retaining developers on the Elastos platform come true.
Their primary KPIs are:
- Increase the quality of people landing on the dev portal
- Conversion Rate
- Retention Rate
These are achieved through:
- Site Analytics
- Time on Site
- Click-through Rates
- Bounce Rate
- Usability Testing
- Time to first “Hello World”
- Adoption and use of tools
- Pull requests on github
Ultimately, the DX team will drive traffic to the Elastos Development portal located on Elastos.org. The Elastos Foundation’s exciting transition of revamping the entire website was an instant hit with the community, but that was only the beginning. Donnie Bullers explains how the Development portal on the website will be crucial in its execution. “Several weeks ago we initiated the process of working towards a developer portal by updating www.elastos.org to better suit our target audience. This preparation of updating the main website was a critical first step to increasing the quality of developer traffic these many upcoming technical releases will produce. In addition to a website refresh, we have created a beta version of the developer website. It is a priority that we make this resource live as soon as possible, and through validation and research performed by the DX team, we will continuously monitor to ensure both conversion and retention rates are acceptable.” The easier it is to access the portal, learn from it, and use the tools, the more developers Elastos will acquire.
As the full suite of Elastos tools is coming together, the DPoS Elections are underway very soon, and the Cyber Republic will fully launch in August, there are many catalysts in place to create an environment for Developers to utilize fully their time and skills to build a newer and brighter internet of the future.
The EF has wisely realized the need to separate themselves from other projects in the space, which is why this fully-dedicated team exists solely to enhance Developer Experience. The time is nearing where onboarding fastest the best developers will make-or-break the future of Elastos and the Cyber Republic.
Donnie ended our interview with this inspiring take on the Cyber Republic, “From the very first conversations, and still today, members of this team have been involved in the evolution of Cyber Republic. There have been challenges, hurdles, and successes along the journey, with many more to come. I leave you with this quote from Henry Ford and a challenge to always remember we are in this together: ‘Coming together is the beginning. Keeping together is progress. Working together is success.’”
While the DX team onboards talented developers, don’t forget that it is only together that we can make the Cyber Republic a global success. Cheers to us!
SUGGESTION HIGHLIGHT: Q&A with “Arkane”
By Kenneth K
We had a chance to sit down with Arkane, a new suggestion on the CR. As it is an “outside” project looking to integrate Elastos along with several other blockchain projects, we decided to ask some challenging questions about how Arkane supports the Cyber Republic and Elastos ecosystem, and who benefits most from the potential funding of Arkane.
1. First off, could you introduce yourself and your project?
I’m Tim Dierckxsens, co-founder of Arkane Network. We met Kevin Zheng and Rong Chen last year at their hotel in Ghent, and we found that there were a lot of areas where we could work together and move Blockchain forward.
This is our way to lower the barrier of entry for businesses to leverage Elastos. The problem we see with blockchain is the same issue with the Internet in the 1990s. Because it’s abstract and difficult to understand, it takes a long time before it gains adoption. More services are needed to make blockchain useful and sensible for business to adopt the technology. Arkane tackles the complexity of implementing/integrating blockchain into businesses and simplifies the onboarding for their users.
2. What is the project and, out of the gate, what would you like to clarify about the project?
Many people think we are a wallet company, but this is not completely true. We offer wallets as a service to connect existing systems with blockchain technology. By using Arkane, a current business would not need to learn how to code blockchain, but can use the Arkane Documentation and API to develop a blockchain-based solution quite similarly to how they’d develop a traditional application today.
3. What problem does this solve that something like nano ledger doesn’t already solve? If the only purpose of Arkane is to make it easy to develop wallets for different blockchains, ledger is already doing this and it’s a hardware wallet at that, which is totally secure.
The problem isn’t creating hardware wallets for users to store their cryptocurrencies. Let’s take a game studio as an example. A game developer wants to develop a blockchain-based game where he can allow his users to play, earn rewards, and be the owner of their digital assets. Currently, games that use blockchain assume that the user has a wallet and a browser plugin to interact with the game already installed. This is not a user friendly solution to onboard new people who are not yet into crypto. Arkane is making the customer journey a pleasant experience and allows the business to focus on building the game for their gamers while we take on the complexity of communicating with the blockchain. By using Arkane, the blockchain becomes completely transparent for users.
4. The suggestion says that developers get a single API for everything, but does this mean a single API talks to every single connected blockchain in the Arkane network? If so, that’s a massive endeavour and Arkane will need to constantly update their APIs because the more blockchains Arkane supports, the more costly it is to maintain such an enormous development effort.
A developer gets one client ID, and with that, he can start integrating with one or more blockchains. We indeed take the effort to offer a single API to communicate to the supported blockchains. The APIs don’t change because of changes in the supported blockchains since this would cause too much overhead for the applications that integrate Arkane. We catch these changes in our backend. Fortunately the blockchains don’t change that fast, so our development efforts to keep supporting a blockchain is quite low once it is integrated.
5. Who is the primary target of this project? Who would benefit from this should the project get funded by the CR? If it’s just benefiting the Arkane network, that would be something very hard for the Council to agree on as it would provide no direct benefit to Elastos ecosystem itself. If there is a direct benefit to Elastos and the CR, what is it?
The primary target of Arkane are the businesses looking to leverage blockchain platforms. They don’t have the know-how and can’t imagine integrating blockchain services in the first place. We support each blockchain community and provide our value-added services to benefit the blockchain community and businesses looking to develop applications on top of that specific blockchain.
By integrating Elastos into Arkane, current and new applications could easily build on Elastos, offering Elastos wallets to their users in a user friendly manner and with the possibility to recover lost private keys.
A secondary advantage that Arkane offers to the supported blockchains is that we run two nodes of each chain. This makes the supported blockchains more decentralised and safer.
6. Is this decentralized, then? You say you’ll provide an API for ease of use, but there isn’t mention whether the connection of all these blockchains will be done with some sort of centralized arbitrator (managed by Arkane). Would these arbitrators be decentralized, too? If you’re decentralized, how does it differ from other DEX solutions?
First of all, Arkane is not a DEX, our goal is not to make it possible to swap tokens.
We store the private key of our users in such a way that we cannot access the keys without the consent of the users. The user needs to enter his PIN when signing a transaction and only at that time we can access the private key to sign that specific transaction.
Every wallet has the option to be recoverable. For a recoverable wallet, we also store a share of the private key in cold storage so that we can recover the user’s private key when he forgot his PIN. We experienced the need for this as in our first month live, we already had 20 requests to recover private keys. If we were unable to do this, the user’s funds and NFT’s would have been lost. Arkane offers the user the possibility to choose the balance between more decentralised but less convenient, and less decentralised but more convenient.
7. As you said, it seems as if you’re partly decentralized and partly centralized. Because you can help users recover their private key, this also means you have access to the private keys, and even with the claim that you can’t do it without the user’s pin–how can that be verified? Do you have additional thoughts for the crypto community that would be concerned by such a prospect?
It may seem concerning that we offer a more convenient way to interact with blockchain technology and offer the possibility to recover a user’s private keys. We find it more concerning that a user’s assets can be frozen and locked away forever by simply misplacing a private key. It can be even worse if the user chooses to copy – paste a private key in a web browser to sign transactions and that site happens to be a phishing site. In regards to security we take extreme measures which we explain here :
Furthermore, we also have a public campaign running on a dedicated hacking platform. Results of the campaign can be seen here:
8. You sound like something between the recently funded Elastos Orchard, and a user-friendly wallet. Your website seems to focus on the wallet rather than the business integration side, so is this aspect of your business a new development? Are you familiar with the Elastos Orchard project? What can you provide that is different from the Elastos Orchard project, or could you see a cooperation?
Regarding our website, we’ve chosen to put the highest priority in making the technical documentation as clear as possible but we should indeed add more use cases and emphasis on what can be achieved by using our business services.
Regarding Elastos Orchard- I understand the project is to bring more awareness in Europe regarding blockchain and more specifically Elastos in Europe. Their services are more tailored to businesses development, business strategy, and networking, and in that respect, bring more insight to those businesses. Arkane is offering software as a service and it can be seen as an integration partner to those businesses to leverage the Elastos blockchain. So yes it can be perfectly possible to cooperate with Elastos Orchard as our services would be highly complementary.
9. What is you/your team’s background and qualifications? What makes your project the best to achieve the suggestion that you’ve made? What successes do you already have?
As a team of 7 individuals, we’ve been working together as IT consultants for enterprises before becoming entrepreneurs. Between the team we have 60+ years of experience in developing enterprise-grade software, and to that respect we have a number of blockchain applications live. Arkane is already live and can support a number of blockchain ecosystems, and our goal is to help the best ecosystems grow.
10. There was a question earlier about how this benefits Elastos and CR specifically. Based on your answer, it sounds like you are seeking a number of blockchains to come onto Arkane.
So why does this benefit Elastos specifically if this is such a broad project? Do you already have a large user-base and business leverage that we should know about? Essentially, since there are already several wallets and wallets with the goal to be user-friendly (Elephant wallet, DMA, Ledger) already on Elastos, why would Arkane provide anything different than what is being pursued already? Essentially, how would you justify the CR funding Arkane, rather than Arkane paying for Elastos integration support, or at the very least a mutually beneficial cooperation between two seperate companies?
We see 4 ways that could be interesting to cooperate:
We have open sourced the components to make integration possible. This information can be found here:
Thus, we have these options:
- Elastos develops the bridge.
- Elastos pays Arkane to develop the integration in-house.
- Elastos posts a bounty for their community to develop the integration.
- Elastos sets a bounty and asks us to take the the lead where we’d post the bounty on our bounty platform fundrequest.io
We’ve already seen 4 cases where one of our community members started developing the integration between a blockchain and Arkane.
The main reason why we do not pay to implement a blockchain ourselves is because we want to support a vibrant blockchain community where there would be an active interest to develop Elastos by using our services. We are confident that we are providing value to both the blockchain network and enterprises.
The question you need to ask is: How would a business integrate Elastos? Which services do they need to provide users to make their application user-friendly? By using Arkane, it would be easier for a business to develop Elastos dApps and offer a pleasant user experience for their users. The wallet-as-a-service is more important for the business than the consumer.
Thank you for your time, Tim.
What do you think about Arkane? Vote with your opinion, here:
By Kenneth K.
As there are many terms to such a large project like Elastos and the Cyber Republic, we’ve decided to build a growing glossary of terms that can help the less technically acquainted understand better what the tech means and the impact it could have. This week we’re focusing on Elastos’ Auxiliary Proof of Work, also known as Merged Mining.
Term: Auxiliary Proof of Work, a.k.a. Merged Mining
“Merged mining…allows the miner to direct his hashing power into mining two cryptocurrencies at once, resulting in higher hash rates for both of them…[you need] two cryptocurrencies that have the same hashing algorithms. SHA-256, Scrypt, Equihash are just some of the most popular PoW algorithms out there currently used by major cryptocurrencies like Bitcoin, Litecoin, Zcash, etc. Popular merged mining pairings include:
“…Auxiliary Proof-of-Work is the relationship between two blockchains where one trusts the other’s work and accepts AuxPOW blocks…For the parent chain, there is almost no difference between a block mined the regular way and a block mined as part of a merged coin mining process. That’s why there is no need to modify the code of the daemon (also called full-node, or client) of the parent blockchain. For the auxiliary chain, a block mined the normal way (i.e a regular block) will be accepted with the original code. However, a block mined as a part of a merged coin mining process (i.e a modified block) will require a modification of the code of the AUX daemon.
“The auxiliary blockchains Merkle root is inserted into the extra nonce section of the parent blockchain…In simpler terms, the parent chain contains the standard transactions plus a transaction with the hash that connects to the auxiliary chain block.”
Proof of Work is notoriously inefficient. Mining difficulty increases or decreased to average a certain block generation rate, no matter how many miners are working. Thus, that extra mining work (electricity and computing power) is being “wasted”, anyway. Merged Mining allows the work being done to apply to more than one chain, and thus, secure more than one chain without extra cost of power or electricity.
A 51% attack is when someone buys enough machines to take over a network–kind of like a corrupted democratic election. With less miner hash power (in less-popular blockchains), it is easier to corrupt the system. Merged mining takes advantage of a larger network, like Bitcoin’s network in Elastos’ case, and teams up with it so that it’s harder to take over the blockchain.
The benefits are that Elastos becomes much safer to 51% attacks, as safe as Bitcoin’s network, computing power and electricity is better utilized, profitability for miners is increased, there’s no disadvantage to the parent chain (Bitcoin) as there’s no extra work added, and there’s less competition in having to choose to mine one blockchain vs another.
The negatives are that it helps major mining pools get even stronger and increasing centralization because regular people or smaller mining pools can’t compete with the larger mining pools’ hardware.
Elastos doesn’t suffer from these negatives because it has created a hybrid model of AuxPoW+DPoS, which was covered in last week’s Technical Terminology and makes the Consensus Supernodes finalize blocks.
By Jeremy G
ELAlliance (Formerly the DPoS Node Rights Alliance) *Updated*
ELAlliance has been covered extensively in previous issues of the CR Weekly Newsletter: https://blog.cyberrepublic.org/2019/02/25/weekly-report-february-25-2019/ and https://blog.cyberrepublic.org/2019/03/05/weekly-report-march-3-2019/
They are now recruiting 24 node candidates (up to 30 in the case of a large applicant pool, down from the original 36) and voters. ELAlliance is not an exclusive alliance, meaning that node candidates of ELAlliance can also be members of other alliances as long as they comply with the rules set by ELAlliance. The reason for the reduction of the number of node candidates is that it allows voters to vote for 12 candidates outside the Alliance while casting all 24 votes to the those inside the Alliance to enjoy the greatest rewards. They hope to be flexible for both candidates and voters to join the ELAlliance whose aims are to benefit ELA holders who cannot obtain reward directly from the DPoS elections and prevent the potential dominance of whales.
Currently there are 22 node candidates filled, and community members are invited to apply. They have recently release their website (in Chinese) and will have the English version very soon.
International Decentralized Elastos Alliance (IDEA) *Updated*
A number of supernode candidates have come together to form International Decentralized Elastos Alliance. Due to concerns about over-centralization by the “Chinese Alliance”, they hope to be an example of full decentralization. At the moment, the countries represented are: Scandinavia (Elastos Scandinavia), France (Orion), Russia (Northern Lights), US (Houston and Starfish), Italy (Vitruvian Node), Austria-US-Morocco-New Zealand-England-Germany-Belgium (Enter Elastos Node), and France-US-Canada (Wild Strawberries Node).
Newly joined to the IDEA are these Supernodes: Elastos Telegram Founder, Tyro Lee, the Hyper Team, Elate.CH, and the team from AllianceBlock.
This Alliance believes that the perfect DPoS network is when there is distribution of nodes in at least five continents and twenty countries, which they will try to guarantee as an alliance. They want to establish that they have nothing against the Chinese Alliance. Any node, Chinese or otherwise (as seen by the newly joined Supernodes), that is against centralization is also welcome to join.
ElastosNodes.com is led by David Schwartz, a full stack engineer at Nash Exchange and City of Zion contributor. David has degrees from UC Berkeley and Columbia University and is a big fan of Elastos!
While David’s work is at Nash, the management of the nodes is not related to Nash in any professional capacity.
ElastosNodes.com’s first initiative in the Elastos ecosystem will be to host up to 5 supernodes. While the initial goal of ElastosNodes.com is supporting the signing of blocks packaged by miners, down the line, they will be evaluating other opportunities to support and develop the Elastos ecosystem.
ViewChain announced its participation in the Elastos DPoS Node Election. ViewChain is one of the world’s largest decentralized storage networks with nearly 600 million users worldwide. Its management team highly recognizes the unique concept of the future development of the next generation Internet by Elastos, as well as its ability in R&D of peer-to-peer distributed trusted Internet operating system. Therefore, ViewChain became one of the first ecological partners of Elastos at the beginning of 2018.
By the end of 2018, ViewChain began to implement ELA commercialization for its own users in Myanmar. Users can obtain ELA by completing various tasks in the digital wallet, and can also use the acquired ELA to participate in the lottery and get mobile phone airtime. 150,000 users received ELA within a month. In March 2019, the mobile game with the built-in ELA wallet has also been available. Users can exchange the ELA in the wallet for the game currency, leading to faster growth of the user base. At present, there are already accumulated 500,000 Myanmar mobile phone users who have registered ELA wallets and own ELA. The daily active ELA transactions have exceeded 15,000.
ViewChain plans to introduce ELA as a user incentive and payment method in more Internet applications in addition to lottery, win-loss, and mobile games, and they will help Elastos to jointly build the next generation Internet.
Details on their Supernode rewards and setup are yet to be released.
Orion *New* *IDEA Member*
The Orion supernode is composed of two brothers from the country of France. Here is the dedicated statement they’ve made for the community:
“We are two brothers who fell in love with the vision of Rong Chen. We discovered Elastos with the first video of Blockchain Brad and we never quit following the project since then.
Our mission is to run a node in France and we’ve decided to call it Orion for three reasons :
1. When we were young, we used to live on a boat with our family. The boat was named “Orion”.
2. Orion is a prominent constellation located on the Celestial Equator and visible throughout the world. This symbolizes our vision of decentralization.
3. Orion in mythology is a hunter who can defeat anything. This is our vision of a ELA Supernode that’s here to protect.
We will use a French cloud called OVH. We plan to stay in France in order to be the most decentralized solution we can offer for the time being. We do not look for enormous profit and we are attached to the idea of rewarding the community and participating in the ecosystem in a sustainable way. Therefore we are part of the International Decentralized Elastos Alliance (IDEA).
Concerning communications, we will put in place an email address with Medium. You can use the email address to contact us. We will publish an article on Medium two times a year on Elastos and the developments in France. We have no democratic power as a node but we can use that exposure to talk about the developments of Elastos in France. We hope this exposure can be useful in order to make the French information available to the world. We also think turnover is necessary in the DPoS supernode area. We would like to think with Elastonians about how we can work towards more decentralization. We believe everybody should own ELA.”
Starfish Node *New* *IDEA Member*
Meet the Starfish Supernode. They are comprised of eager members of the Cyber Republic from North America and Europe. The following is a message from the team:
“The Starfish Supernode is a group of 5 members from the U.S. and the U.K. who support the vision of Elastos and are eager to be a cog in the upcoming smart web. Our pool members have backgrounds in information technology, engineering, product innovation and management, system administration, and digital forensics. Over time, we hope to mature into a trusted entity within the Elastos ecosystem.
“We chose the starfish as our logo as it embodies a decentralized network. Much like the open system proposed by the Cyber Republic, a starfish has no head and therefore no central point of control. Instead, a starfish’s organs are duplicated in each arm. If a starfish is bisected, it will regenerate into two starfish.
“The system can be altered, but not destroyed. It is in this manner that we believe Elastos can survive and thrive. Much like the starfish, our slogan, ‘Strength in distribution’, encapsulates all we stand for. Accordingly, the members of the pool have agreed to limit our organization to a single supernode in an effort to spread the network consensus duties amongst as many independent parties as possible. The team plans to run a two to three server configuration on a major cloud provider (AWS, Azure, Vultr, etc.) with a migration plan in place in the event of extraordinary circumstances such as corporate or government censorship.
“We intend to provide percentage-based voter incentives competitive with market rates and we will reward voter loyalty. In the early stages, any profits awarded to us will be used to pay operational expenses and reinvested into future projects that we have planned to support the Elastos ecosystem and the Cyber Republic. The goal is to make the Starfish organization more than just a supernode pool. We hope to be able to market ourselves through these projects in addition to our website (under construction) and social media outlets (t.me/starfish_supernode).”
AllianceBlock Supernode *IDEA Member*
AllianceBlock is a decentralized, smart, and sustainable platform for the new age of Investment Banking. In order to learn more about their company and updates on their Supernode status, read our interview with them at the end of this weekly, and visit:
Alliance Block will be hosting their Supernode via AWS Cloud. The team is composed of four people, three of which have experience working at companies such as Barclays, JP Morgan, and PostNP.
Here is a statement by the team regarding their mission statement of hosting a Supernode in the Cyber Republic ecosystem:
“AllianceBlock is an ecosystem of investment. We want to build the foundation of investment banking 2.0 through decentralization. We can bring more awareness about Elastos and the CR, onboard partners to our ecosystem, bring new investors, decentralized social networks, even create an E-learning platform with podcasts and streaming video that the CR could participate in to educate others about Elastos, too.”
Elate.CH *IDEA Member*
Elate.CH is a group from Switzerland made up of inspired enthusiasts of the Cyber Republic and Elastos. You can follow them on their website: Elate.CH or on their Telegram: @Elatech.
The following is a statement written by the group which covers what they are offering: “Elate.ch was established as an enthusiastic pool of people sharing their common vision of a new Internet: the Internet we deserve. We’ve been enchanted by Elastos since its establishment, and we fully support the vision brought forward by the Elastos Foundation and the CR. We want to offer our contribution by running a DPoS supernode within the rising Elastos ecosystem.
“We’ll be hosting our node from Switzerland. We are fine-tuning our reward formula, but voters can anticipate a better reward to early voters. We aim to position ourselves amongst other leaders in regards to revenue shared with our voting community. Let’s connect! I’m Gabriele, founder of Elate.ch and an enthusiastic entrepreneur that co-founded Dexlab.io, a blockchain venture with the mission to make the decentralised economy accessible to anyone. Be Elated to see the Elastos ecosystem blossom before your eyes!”
Meet Wiktor, the brains behind the Elaphant Supernode. Wiktor’s been involved with Elastos for about a year now. He was the lead developer on the Cyber Republic website until recently. His Supernode will be located in the EU along with a second one in North America. Initially, the Supernode will be cloud-based, but Wiktor plans to migrate quickly to other solutions when needed.
He has experience in running servers as well as support from a friend who’s also an experienced developer. Wiktor is planning to adopt a shared profit model, but the details are still being worked out. The Webpage is in beta, but it is operational at: elaphant.org. Wiktor believes that the logical function of the node is to actively contribute to the ecosystem. Here’s Elaphant’s philosophy on helping the CR grow: “Contribution to the ecosystem, and the ultimate (inevitable) success of Elastos is–and will always be–the driving force behind our decisions.”
Northern Lights *IDEA Member*
The Northern Lights Supernode has three members from the Ukraine, Russia, and Belarus. Northern Lights plans on hosting its Supernode on their own high-efficiency server based in Belarus. Here is a written statement by the team: “We are active people in social media and some of us manage well-known telegram groups such as bit.game, fishchain, and of course the Elastos Russia telegram group. Having the advantage of being heard, we can disseminate information easily and help the Elastos ecosystem grow faster and become more decentralized.
“We are going to create social media resources in Russian such as twitter, medium, our own website in order to promote the Supernode, bring the huge Russian-speaking audience together, and shed more light on the future of Elastos. In addition to social activity, we have a strong technical background with an enthusiastic and experienced sysadmin on our team. As for sharing rewards with voters, we are not going to stand out amongst others; we want to be fair with the community and we will abide by the average rewards. We call ourselves Northern Lights because everyone who has ever seen this unique nature phenomenon would never forget it. We believe in love at first sight because of the unique phenomenon of technology that Elastos is. Northern Lights – once seen, never forgotten.”
Tyro Lee *IDEA Member*
Tyro Lee, the creator of the Elastos English and Chinese Telegram groups, will be running his own Supernode. Tyro has been an active community member from day 1. He’s already created a website to promote his Supernode.
He will also be promoting his SN on Wechat (breathinsmog (Little Black Wolf Tyro Lee)) and Twitter (@elastos_news (Just a Fan of Elastos)). Tyro plans to host his node on the Huawei Cloud. Tyro is still figuring out the rewards for voters. Regarding his logo, it represents a wolf that is “shouting to the sky of Elastos”. Tyro views this as a sign that we as a community are invincible and successful. Here’s an excerpt of what Tyro says to the community on his website, “I joined the Elastos community since August 2017, and I’ve been through so much with this project, I believe in Elastos and I will continuously support it. I hope you can vote my Elastos super node “TYROLEE”. Thanks for your vote!”
The great Elastos Telegram moderators have formed a Supernode group for the Elastos Ecosystem. They will be creating a dedicated website to promote their Supernode and have plans to create a separate Telegram group as well. The two Supernodes will be hosted on the cloud. Please visit:
Telegram group (https://t.me/ElastosNoderators)
Here is a statement from the group about their plans. “We are the Elastos Noderators! We are a diverse group consisting of Elastos moderators and team members, and with your help, we plan to run at least one supernode. Our team members include: Gandhi, T.I., C00mbsie, Pmhee555, Austrader, Murph, Multastoy, and of course KP. We are spread all around the world in countries such as Finland, South Africa, USA, Australia, Switzerland, Belgium, and Indonesia. If you have been active in the community, you likely know and have interacted with all of us in many instances. As many of you know, we are some of the biggest Elastos fans out there, and we have been extremely devoted to this community for a long time. We absolutely love interacting with this amazing community each and every day. Whether it be with problems, concerns, or just dreaming of a new internet, we are committed to servicing this community in any way possible. We feel that our strong belief and long term devoutness to the Elastos project, along with our dedication to the Cyber Republic, is enough to guarantee that we have the Elastos community’s best interests in mind when it comes to running a supernode. The Noderators will uphold a pledge to run our supernodes with decentralization, fairness, and the betterment of the Smart-Web in mind. By supporting us, you also support various initiatives funded by the rewards that will directly benefit the Elastos ecosystem. A more detailed plan and website will be revealed at a later date. We hope to run one supernode in Europe/Africa and another supernode in North America.”
The team behind the peer-to-peer chat dApp, “ELA Chat” has formed their own Supernode group. Please check out their website (https://ela.chat/) and Telegram (@elachat) for any updates on the project and their Supernode. Here is their statement: “The infrastructure of ElaChat was powered by Elastos, and therefore we would like to have greater contribution to the development of Elastos. We hope to become one of the 36 nodes and contribute to the long-term development of Elastos. There are currently 4 members in the team and we want to recruit more members for ElaChat R&D. ElaChat is an open-source project and everyone can contribute to its development via GitHub. At present, ElaChat has integrated the DID, Carrier and SPV functions, allow authorization of necessary information for the use of third-party applications. Third-party application can be embedded in the ElaChat, just like mini programs of WeChat public accounts. We want a node to support the projects built on ElaChat ecosystem, provide node DID service and smart contract service. We are considering the reward for members who have voted for us and more details will be released in the coming future. There are always obstacles and hardship in a development of new technology, and Elastos is of no exception. At present, Elastos has been exploring its own way to realize its own value, and we believe that there will be more breakthroughs in the near future.”
Bitett is a Chinese media outlet for blockchain. Check out their website here: (www.bitett.com). Here is a written statement by the team, “As one of the earliest partners of Elastos, Bitett believes in the vision of Elastos and the community governance model it introduces. In this DPoS node election, we hope to be elected as one of the 36 active nodes, to contribute ourselves in maintaining the fairness of network security and consensus mechanisms, as well as steady growth of Elastos in the long-run. Currently there are 4 major members in Bitett node, including operation and development. In the later stage of the DPoS node election, we will recruit community operating members when needed. We have considered rewarding the members who have voted for us and more details will be released in the coming future. The vision of Elastos has gradually been recognized by an increasing number of people. If you are a fan of Elastos, and if you want to contribute to the development of Elastos, join us and vote for us so that we can witness the great moment together.”
“BIT.GAME is an important entrance to the blockchain game field for the Elastos. Through participating in this DPoS election, BIT.GAME hopes that more community members can recognize the benefits that blockchain games bring to the Elastos ecosystem. If we are elected, the node rewards will mainly be used to provide various ELA blockchain games with liquidity through the Higgs network, and the rest is allocated to voting supporters. The members of the BIT.GAME node are composed of the core teams of BIT.GAME, including: Ding Wang, Co-founder of BIT.GAME, current CEO of GAEX.com and Co-founder of Higgs Network; Yundong Sun, Co-founder of BIT.GAME, now CEO of a game distribution platform (haowanba.com); Sally Gong, Former Business Partner of Ontology (USA), currently co-founder of Higgs Network.
Thanks to the community members for their support of BIT.GAME. In the past year, GAEX.com, the world’s first blockchain game asset-trading platform, has successfully launched and achieved a steady development with some in-depth cooperation with a number of excellent blockchain games, which are in turn brought onto the Elastos ecosystem. I hope that everyone can pay more attention to these game projects, both in terms of investment potential and game content, as their qualities are of leading position in the field.”
“Elastos community should not be unfamiliar with ELAfish, or FishChain, as it is one of the very first blockchain games that enables ELA mining.”
“Eye worm”: Graduated from Peking University Life Science Academy, the major planner of “Bubble Fish”, senior game system and numerical planning.
“Bear Crow”: Art Partner, graduated from Lu Xun Academy of Fine Arts and French MJM Art and Design Institute, the artistic director of “Bubble Fish”.
“Butterfly”: Technical Partner, obtained Master Degree from the Department of Mathematics, Peking University, Senior Architect, proficient in blockchain technology and traditional Internet technology.
“Jacky Cheung”: Executive Director, “Bubble Fish” Business and Public Relations Officer, years of experience in gaming product operations.
“Light”: Director of Operations, responsible for the operation of “Bubble Fish”, many years of experience in media operations.
“Hong16”: Art Director, graduated from the Academy of Fine Arts of Tsinghua University, the creator of “Bubble Fish”.
“Whitehead Scholar”: Technical Director, Server and Blockchain, with many years of experience in large-scale online game development and artificial intelligence development.
“Jelly”: Product Director, chief programmer of client side, with many years of experience in web mobile game and securities trading software client development.”
Recently, the Elastos ecosystem partner, ioeX, has announced that they will be running a Supernode as a part of the Elastos DPoS Consensus.
Wefilmchain is an ecosystem partner of Elastos that seeks to provide a decentralized media production and distribution channel for small producers. Their plan is to host the SN via a cloud service like AWS or GCP per Elastos Supernode specs recommendation. They are still in discussions about hosting two nodes: one in the U.S.A and one in Canada. The following is a statement made by the team:
“Wefilmchain, a developer within the Elastos Community, intends to support a supernode with their qualified development team. Rewards will be shareable with contributors on a regular basis. The team plans on utilizing and contributing toward an open source solution that the whole community can use so contributors are properly incentivized and can view data in a simple way. Future enhancements might include rewards for participants hosting music or video files for the Dapp that we are creating. We value transparency, creativity, and education. We have strong ties to entertainment and content creation communities and look forward to educating and reaching out to those groups to spread the word about the Elastos Ecosystem and the profound value and potential that it holds for ever-growing global market.”
Hyper Supernode *IDEA Member*
The creators of Hyper.IM and Hyper Connect will be running their own supernode. It will be hosted on AWS cloud servers in Germany. As far as divvying up rewards, the Hyper team looks to align with the average of other nodes and also, “As CR tasks have been paused, we plan to bring them back by sharing rewards with contributors and keeping voters updated about achievements by community members. By sharing rewards with voters as well as to contributors to the Elastos ecosystem, we hope to grow with the community. The rest will be invested toward marketing Hyper Messenger.” They will market their supernode through a dedicated website and their various social media outlets.
Peter Strauss of Hyper has also decided to help create a script for all Supernodes in order to automate the distribution of rewards to voters and team members. Read more about his work here:
Elastos Scandinavia *IDEA Member*
This group is from the Scandinavian region. Check out their Telegram (@elascand) with their website coming soon at Elastosscandinavia.org. A group member has provided a mission statement:
“We are looking to provide Elastos with increased stability, diversity, and speed by operating the supernode with highly skilled people, physically located in a country with stable infrastructure with our own servers in Sweden. We have an experienced sysadmin hopefully joining our team shortly. Elastos Scandinavia plans to hold our cost as low as possible without any loss of quality. In this way we can stay solvent longer, keeping the SN alive and giving back higher rewards to the community. First, the reward will go to paying for the cost of running the SN. Next, to prove our quality, we plan to give most–if not all of our rewards–to the community in the beginning. In this way, we are giving away our labor until the Elastos community has built up trust and belief in Elastos Scandinavia as a quality SN.”
The team is mainly composed of developers and a member with a background in Electronics, Embedded Systems, and Measurement/Controlling Systems.
Enter Elastos *IDEA Member*
Enter Elastos is a supernode group created by dedicated members of the Cyber Republic like Michael S., Chris Mac, Chinicci, Dexter, Max, Adem, KenNinja, and Jeremy G who are well-known throughout the community. What started as five members quickly grew into twelve because, “With a few more heads put together, we found that we could build something really great.”
Their mission is to run three Supernodes (SN) with a very fair reward and highly competitive distribution that’s primary purpose is to contribute to the ecosystem in a sustainable way. They are excited to unveil this sharing model soon.
The three SN’s will be named Callisto, Ganymede, and Titan, after the biggest moons in the Solar System, and each node would be run in a different continent as the team is composed of members from several countries: U.S.A., Morocco, New Zealand, England, Germany, Austria, and Belgium. This will ensure diverse distribution of the Supernodes. In terms of developing a script to streamline the payouts, there are experienced coders and programmers in the pool that will take care of this code and ensure that it’s 100% conducted through smart contracts and scripts. They are also considering using the open-sourced script by Strauss after its development. Also, prominent CR member Michael S. has a personal Supernode called the Houston Node (TIDA Member) that he’s hoping to run from his hometown in Houston, Texas, and he looks forward to contributing to the DPoS Consensus.
Vitruvian Node *IDEA Member*
A team of 10 Elastos enthusiasts are looking to run a Supernode based out of Italy. The Supernode will be run by one of the team member’s in-house servers. Team member Damiano explains how the team plans to divvying up rewards to voters: “Our pool has 10 participants, all with different quotas. Therefore, every decision will be divided according to the percentage of entry. Our strategy will vary a lot. The focal point will always be to reward voters in the most appropriate way possible.”
The team plans on utilizing an open source solution that the whole community can use when it becomes available. Damiano is very active on social media as he manages several groups with around 20k members; he is the admin of Elastos Italia. With his active channels and social outreach, the team feels very confident that they will promote their supernode effectively. This group prioritizes transparency and communication with the community and looks to act in the best interests of the Cyber Republic ecosystem. Please check out the Vitruvian Supernode’s Twitter here: https://twitter.com/VitruvianNode
The Wild Strawberries Node *IDEA Member*
This is a diversified group of 12 members who are looking to run three nodes in the U.S.A. The members are geographically decentralized, you can find them in U.S.A, Canada, France, Netherlands, the United Kingdom & Australia. The team states, “We intend to set up cloud servers and transition into our own dedicated servers. Their incentives or as they like to call them (Berry Rewards) will be very generous at start for voters and will follow an inflationary model like Elastos. The Wild Strawberry Super-Nodes have the primary objective to secure the network at all costs. Their secondary objective is to develop and connect the Elastos Ecosystem through various means. Like wild strawberries, we intend to grow and develop everywhere, technical or social, because we consider the two elements necessary for a working elastic & evolving network. Our vision is wild, like us.
The 6 values The Strawberry Super Nodes stand for:
Empathy – Genuine human interaction
Grit – Results come from mistakes
Patience – Because fast and good don’t coexist in perfection
Community – Only together could we create something great
Stability – A secure network a strong team
Openness – Because transparency builds trust
Follow the Strawberry SuperNodes on their official social media channels:
Website : https://strawberrysupernodes.com/
E-mail : Strawberrysupernodes@gmail.com
TI’s ELA News Supernode
The community’s very own Telegram administrator “T.I.” will be running his own Supernode. It will be run on a cloud service system like AWS. T.I. is the sole contributor to the ELA News website and is very passionate about dedicating his time to the community.
T.I. says this about rewards: “ELA News has been run and maintained solely by myself without any funding. I wish to expand ELA News with more content through funding from the supernode rewards as I do not have so much time on my hands. However, I hope to distribute rewards according to market expenses, or perhaps slightly under that to cover running the node and expanding ELA News at the same time. ELA News has a dedicated readership, and I hope readers will support my vision”.
T.I will be looking for an open source script that all community members can use for distributing rewards to voters. He will have a dedicated page on ELA News for DPoS, and his Supernode will be marketed through the ELA News Twitter account.
T.I. has these final words, “I hope for ELA News to be the best resource for the community to be kept abreast of everything Elastos. Make sure to follow us on our Twitter page: twitter.com/elanewsnet and continue reading elanews.net.
Another prominent community member looking to run a Participant Supernode is Brian from the DMA project. He shares his thought process in hosting a node and what their prerogative will be for the community: “This is clearly a very important step for the Elastos infrastructure and community, so we decided to have an internal discussion of the qualifications needed to run an elected Supernode.
“We feel it is very important to have the technical background or have very strong tech support. It looks like the hardware requirement isn’t too complicated, but the quality of service is very important to keep the node up and running at a good level. My team members feel they are more than capable of doing it because they are working on our cloud services anyway, and are able to quickly monitor and fix problems in a timely manner. This convinced me that maybe we could, in fact, run one with confidence.
“We don’t want to just run the elected node and profit by ourselves. It must be shareable. So the plan is simple and direct: Share the earnings with all contributors on a regular basis. To make the sharing completely fair, we can write the script to put the incentive plan in the code, and have people put their trust in the code, not the human.
“We also need to create some tools to let each contributor view the data easily. The incentive model can be designed based on multiple factors. Since we are the team that built DMA, we have a very strong technical background to build such a script and run it in a fair way. Otherwise, we will not only lose the node, but also lose the reputation of one of the important ecosystem contributors.
“Last but not least, the node service should be expandable. We can put more add-value services on to the servers behind the node. For example, there might be a personal cloud disk service, DMA-powered extended business-stub service, etc. It can be continuously working along the basic node service the team can offer. All these services can be hosted by any elected node if they want. The earnings can be combined with the basic node service income. Thus, the earning of running such value-added services will be the additional share to the node supporters and contributors.
“Of course, the profit share program will be placed in the code. This is the way to bring in more services around the node and let the ecosystem application grow, letting every supporter benefit from such economic growth. I’d like share these thoughts with community. I believe this can also be points for other participants to consider.”
The team is reaching out to the community through all relevant social media outlets and is considering the creation of a website for the group’s candidacy. If interested, they invite community members to join their node. You can reach the team at firstname.lastname@example.org.
CR Forum Topic Highlights
We’ve summarized some of the popular topics of this week:
The Value of Digital “Condoms”
Mike Dave, our Lead CR Social Media Manager, has posted a topic featuring one of the articles in our previous CR weekly report. The article was written KenNinja following the incident when Facebook left hundred of millions of user passwords stored in plain text. The catchy title is used to resemble the value of Elastos in protecting data across operating systems and devices that could be supported. However, people are not aware that they are engaging in unprotected internet practices and there is a safer way without any compromise to user experience. Thus, it is up to us to educate them about how to use the Elastos digital “condom” for a safer internet experience. If you have a suggestion on how we could increase awareness or idea for an educational campaign on safer internet practices, please visit the following topic:
What if a DPoS Node Member…
Our CR community member, Guillaume Courtois (“guikoo”), who is also operating The Wild Strawberry Nodes, has proposed two possible solutions to the uncertainties surrounding the feasibility of a multi-signature wallet in the event that one of the signature holders is deceased. Kiran Pachhai has responded that the Elastos Foundation just provides a basic functioning wallet that is simple. If anyone wants to implement their own solution like the one proposed by Guillaume, they are encouraged to create a new wallet app with smart contract in place. To learn more about the solutions proposed, click the following link:
Cyber Republic Interview Series
Following the introduction of Supernodes as a series on Medium, we have started another series on Cyber Republic Interview. This series contains the personal interviews that have contributed to the Cyber Republic Community and Elastos. The interviews are categorized into 3 main groups: CR community members, DApp founders and developers, and Elastos core team members. We will be updating the series weekly as more interviews will be conducted in the future. If you are interested to read some of the past interviews, please check out the following link:
Questions about DPoS system
One of the CR community members known as “leafyweb” has created a topic to raise his questions with regards to Elastos DPoS supernode election rules. Some of following questions raised were responded in detail by Kiran Pachhai:
- Whether a person can vote more than 1 ELA for the same node
- After ELA is used to cast votes, will the corresponding ELA remains part of the circulation?
- How long are the coins “locked” after they have been used to vote with?
- The duration of each voting round
If you are interested to read the questions and answers in full, please visit the following link:
Monthly Community Meeting [ IDEA Team ]
Guikoo has created another topic on the CR forum inviting community members to join the International Decentralised Elastos Alliance’s (IDEA) 2nd meetup on Discord channel. The first virtual meetup was held on March 31, 2019, to discuss possible issues on supernode operations, how to make the DPoS more decentralised, and how to build trust among supernode team members. IDEA was primarily founded by western supernode candidates and they would like to discuss more about the Cyber Republic and everything associated such as the Council and Secretariat in the next virtual meetup on April 27, 2019. If you have questions to ask them, please feel free to join them via discord channel:
Check out these hot topics to see if there is anything that you can contribute to, or simply express your thoughts to help make the forum a truly vibrant community.
Top new topics
Cyber Republic Interview Series
The Value of Digital “Condoms”
Merged Mining Software on Linux
Questions about DPoS system
Monthly Community Meeting [ IDEA team ] https://forum.cyberrepublic.org/t/monthly-community-meeting-idea-team/929/3
Buy ELA directly with CAD or USD
Top active topics (in terms of number of views and replies)
Hyper.im – Peer-to-Peer Instant Messenger
Marketing & awareness of Elastos & The Cyber Republic https://forum.cyberrepublic.org/t/marketing-awareness-of-elastos-the-cyber-republic/102/8
Bi-weekly livestream with Rong Chen
Supernode Pool Recruitment and Q & A
Hyber.im – Beta now available
dApp idea thread
Voter Reward Payout Script for DPoS Nodes
Community Shout Out:
A Community Channel of Elastos Art has been launched. Check it out:
International Community Events
|Chinese Community Activities|
|Why does Elastos choose merge mining||https://mp.weixin.qq.com/s/RwhUurONjXDJaIg-gE28vQ|
|Elastos: user privacy is not free||http://www.elabaike.com/news/6199/|
|First innovative application of Elastos ecosystem||https://mp.weixin.qq.com/s/12YFJ-wdw9F9yFEbR0npDg|
|Building a new internet: Interview with Rong Chen||https://v.qq.com/x/page/s08576dtpma.html|
|Feng Han: Talking about quantum mechanics at Harvard University||https://m.ximalaya.com/share/sound/172424107|
Yinghao Jia, CEO of HashFuture, shared on Huobi Chat on 30 March. He talked about how HashFuture will support the Elastos ecosystem in the future. Jia said that in addition to promoting Elastos on his own products, HashFuture will also utilize Elastos DID to help users to access their products. Moreover, HachFuture’s blockchain assets will be integrated with Elastos community. Cooperation will be found in the aspects of payment, security and identity. The public chain technology connects the digital world and the physical world, allowing more users to enjoy the convenience and value brought by the blockchain technology. Currently, LianBaoWu, a HashFuture’s product, has enabled global real estate investment with crypto–specifically, with ELA.
Website of LianBaoWu: https://lianbaowu.com/
Elastos participates in Programmers, Developers, Group Meetup #8
Programmers, Developers Group, in partnership with Microsoft, Kalasag, and Nicolei Games, held their 8th meetup in a whole day event on March 23, 2019, at Microsoft’s offices in Makati. Featuring expert speakers, the event attracted over a hundred young developers, many fresh out of school in search of career paths.
Elastos Philippines is happy to have been invited to participate in this event and Mr. Alex Timbol delivered a short introduction to blockchain and Elastos technology, including skill prerequisites to build on elastos. We invited participants to sign up to the Cyber Republic and explore development on the blockchain.
It’s uncommon that we stumble upon a group with large collection of talent yet undiscovered by other tech sponsors, so Elastos Philippines plans to increase engagement with this group and level up sponsorship, provide food, refreshments, and an expert speaker on Elastos development for future events. Our efforts to increase awareness of Elastos are paying off in invitations to participate in private developer events not easily accessible to mainstream companies.
• AutoML with Microsoft Neural Network Intelligence by John Paul Nuguit Ada (Full Stack Web Developer at IBM)
• Career talk in IT – starting up, getting ready and winning it! by Jefferson Vega (MS Office Apps Development Team Leader at Aurecon)
• Pragmatic Functional Programming with Node JS by Jerameel Delos Reyes (full stack developer at a startup based in Australia.)
• Full-Stack Development Featuring Laravel and Vue by Rn Santos (Full Stack Developer of 8 Layer Technology)
• Intro To Buildbox 3D with Payaman! by Fernando Nicolei Esperida (Founder of Nicolei Games. Creator of Bulalord Extreme that trends way back 2014)
• Human Interface Device (HID) Attacks aka BadUSB by Jonelle H. Castañeda (Security Researcher @Kalasag)
By Jeremy G.
What is AllianceBlock and what real-world problems are they solving?
AllianceBlock is establishing the Investment Bank of the Future. By leveraging cutting-edge technology, we collapse all departments of an investment bank into one flat platform, and provide SMEs with cheap, quick, and smart access to regulated tokenized equity and/or debt financing.
There are many problems we aim to solve. From a corporate perspective:
Traditional finance –
- Investment bank operations are inefficient, costly, and constricted by legacy technology, operating systems, and business models.
- The financing and settlement process (bond and share issuance) is long, expensive, and complex, involving more than 10 departments in a bank and around 50 people.
- SMEs are considered high risk, low return clients and it is more difficult and more expensive to access capital (fees up to 11% for an IPO).
- Investor access to the best deals are not objective and highly dependent on their network.
Alternative finance –
- Crowdfunding and crowdlending offer SMEs an alternative to traditional banks, however there is no advisory, no secondary liquidity, no rating, and the failure rate stands at 75%.
- ICOs were the most recent form of alternative funding, focusing on startups. They have high barrier to entry, lack safety and transparency (10% of ICO funds were stolen in 2017, some $600m), and have a 66% failure rate.
From an investor’s perspective:
- Banks rate investors on the total revenues they generate. During an IPO or a bond issuance, the banker is at the center of the equation and will show the deals to the clients who pay them the most, annually, making it hard for Tier 2 and Tier 3 institutions to participate early (and at the best price) in the best deals.
AllianceBlock integrates all the parts of the current financing model that investment banks use (Syndicate, Advisory, Research, Trading, Sales, Rating etc…) into ONE unique platform.
It leverages blockchain technology to provide a safe, transparent, and cheap platform to issue regulated shares and bonds.
The platform is AI-powered. This enables a fair, robust, and unbiased rating of investment opportunities and investors, with fast, seamless, and constant communication between them. With no intermediary, companies and investor interests are aligned. Active Investors are constantly incentivized and they can gain influence, followers, and rewards.
Please introduce the team members. How did you all meet? Which companies have you worked with in the past?
Rachid started investing in ICOs in 2017. A lover of logic, he was surprised at how tedious, cloudy, and unsafe ICOs were. He began thinking of a way to make it simple, secure, and transparent. As his reputation grew in the crypto community, he was admitted to private groups on Telegram where savvy investors discussed the viability and feasibility of ICOs before making investments. This is where he met Matthijs in March 2018, and they started discussing the idea of an all-in-one secure platform that would leverage the knowledge of the crypto community and AI to make better and safer ICO investment decisions.
Rachid and Amber have been friends for more than 4 years. When Amber was a bonds trader, she couldn’t help but realize the complexity and cost of the issuance process, even more so for SMEs. She saw a tremendous opportunity in streamlining an otherwise tedious, long, and expensive process, and she started thinking about a solution to disrupt the traditional financing model. It was around this time that Rachid and Matthijs contacted her to discuss their project.
The more they discussed the idea, the more it became clear that by merging their vision and experience they could build a unique platform to truly disrupt financing. By August, 2018, they all quit their jobs, and AllianceBlock was born.
Rachid started his career as a quant in charge of building default probability and credit risk models for private and public companies, first at BNP Paribas Paris and later at Barclays London. He then switched to be part of the exotic commodities quantitative team at Barclays London.
In 2017, he completed the building and deployment of a highly scalable deep-learning model in artificial intelligence applied to computer vision. His impressive work received accolades from VINCI which commissioned him to help orchestrate the ambitious “smart highways and smart cities” project that combined AI and Blockchain.
Rachid is a venture partner at Alpha Omega Capital focusing on AI startups. He is also part of the Elastos Orchard; its ambition is to become The European Business Development hub for Elastos.
He holds an engineering degree in Computer Science and Signal Processing, and a Masters degree in Probability Theory, Stochastic Process and Quantitative Finance.
Dr Amber Ghaddar:
Previous to AllianceBlock, Amber was a bonds trader at JP Morgan London where she held various leadership positions.
Amber started her career in Global Investment Research at Goldman Sachs, London, and moved from there to the Cross Asset Solution team at JP Morgan, London, in 2012, where she worked on structured and exotic products across Equities, FX, Rates, Credit, and Commodities. She then spearheaded the Macro Systematic Strategies effort at JP Morgan London, focusing on dynamic risk premia trading strategies.
Amber is the mastermind behind participative capitalism and has been invited to world class events to give speeches on the subject. She sits on the advisory board of ODEM, a top 5 blockchain project of 2018 focusing on decentralized education.
Amber holds a B.Sc in Science & Technology, Three Masters (Neurosciences, Microelectronics & Nanotechnologies, and International Business) and a PhD in Molecular Medicine. She is a graduate of McGill Canada and HEC Paris.
Matthijs De Vries:
Matthijs has managed the product development of one of the largest Dutch companies: PostNL. There, he headed several departments, lead an entire software development chain, and built a payment infrastructure before switching companies to lead the development of several unique AI products amongst which was a groundbreaking chatbot.
He has an extensive background as a software developer and has developed a full blown workflow management suite and analytical algorithm in the field of veterinary diagnostics, among various other projects, before growing into a managerial role.
Besides hands-on software development experience and management, Matthijs has founded and managed three other companies, thereby gaining plenty of entrepreneurial experience in the process.
How does AllianceBlock separate itself from other Blockchain-based Investment Banking projects in the space and why should people use this platform rather than the traditional systems in place?
There are not many blockchain based banks, and most are focused on retail banking versus investment banking. Additionally, very few projects have the experience in Tier 1 investment banks that AllianceBlock’s management team has. In most cases, other projects don’t have enough experience across the board to fully understand how financial markets work and what the current users (investors and corporates) need from an investment bank. There are two systems in place that can compete with what AllianceBlock is offering:
First, compared to traditional Tier 2 and Tier 3 investment banks, we offer lower fees, faster processes, and milestone-based financing. Access to deals is transparent and mathematical rather than relationship-based (investment banks show the best deals to clients who pay them the most in fees).
Second, when compared to crowdfunding and crowdlending, AllianceBlock offers end-to-end issuance for both shares and bonds, regulated equity and bond offerings, secondary trading and advisory through a collective intelligence framework.
AllianceBlock has been giving updates on a serverless architecture called Lamda. First of all can you please explain to the community what a serverless architecture is and can you elaborate on why this is best for the platform?
A serverless architecture allows the execution of focused tasks (micro services) without allocating resources (servers) beforehand. This enables an extremely scalable architecture where resources are provided when needed. Ultimately, this means that when tens of thousands of users on the platform perform the same request, simultaneously, the tasks that are executed will be automatically run on as many servers as is needed until all tasks are completed in about the same time it would take if only a single user triggered the task’s execution.
In November of last year, AllianceBlock came out with its MVP, showcasing features such as: investing in listed project, swapping tokens, and interacting with other members, amongst other features. What else will be implemented on the platform in future updates?
Integration of a community module, platform wide, that focuses on working together in sub-communities (ie Telegram or Discord groups). Existing communities can migrate easily to AllianceBlock so they can keep working together with the people they know while having the correct and secure tools at their disposal, making collaboration on projects and due diligence easier, more accessible, and more enjoyable.
Milestone-based financing allows for a live fundraiser for a company to be given funds in a smart contract that is locked in tranches based on pre-agreed milestones. The company initially receives the first tranche, but to receive the second tranche it will need to show a pre-agreed upon deliverable in which the investors would vote. If the investors agree that the company delivered what it was supposed to, the second tranche is released. This allows for continuous monitoring, decreasing the rate of failure and increasing investor returns. If the milestone is not achieved, a second chance is given to the project, however another failure to deliver will imply that the investors will receive back the rest of their investments, therefore minimizing total losses.
Issuance of both tokenized equity and tokenized bonds. AllianceBlock will provide secondary liquidity not only through its local exchange, but also through listings on various crypto and non-crypto exchanges.
Furthermore, investors will have a digital identity (KYC/AML) where we leverage blockchain technology to create an encrypted identity which can only be decrypted by its owner. The investor will then share his unique digital identity with the various corporates looking to raise funds, significantly decreasing costs of due diligence.
The track & trace feature allows investors to study and replicate investments of the highest rated investors. Investments for now are only in cryptocurrency, but soon, investments will be accepted in EUR/GBP/USD and CHF.
AllianceBlock’s Investor onboarding strategy is set to attract over $500mn of SME-ready capital by H2 2021 from crowdfunding alone, and over $2bn including institutional clients. This makes it one of the largest smart crowdfunding communities in the world. How does the platform plan on attracting all this capital in 2 years? What steps are AllianceBlock taking in order for this strategy to be properly executed?
AllianceBlock’s management and advisory team has spent most of their careers in Tier 1 banks as asset managers. The team’s network of clients runs true and deep. Once the platform is in place, many of their previous clients will join, attracted by lower fees, transparency, and access to a unique investment offering.
Additionally, the team will be hiring some of their ex-colleagues specializing in investor relationships and SME coverage.
Can you explain your partnership with Quant Network and how this relates to building on top of Elastos?
The new partnership, announced on December 20th, allows AllianceBlock to offer Quant Network’s Overledger solution to blockchain and non-blockchain companies. Overledger is the world’s first blockchain operating system (OS) that not only connects blockchains to one another but also connects existing networks to blockchain and facilitates the creation of internet scale multi-chain applications, otherwise known as mApps.
Gilbert Verdian, Co-founder and CEO of Quant Network, said: “We are excited to partner with AllianceBlock and have Overledger become a key tool to assist not only Blockchain projects but also SMEs — listed on the AllianceBlock platform — in advancing their vision.This will allow Overledger to become a mainstream tool, offering an easy access to blockchain, and hence, the democratization of blockchain technology.”
AllianceBlock strongly believes that in the near future, Overledger can support Elastos as a sidechain, but also, Overledger can be used on Elastos Carrier in order to make interoperability easier. One of the applications is multi-chain DEX.
How did you first learn about Cyber Republic and Elastos? What attracted you the ecosystem and technology? What services does AllianceBlock plan to adopt with Elastos?
Rachid has been following Elastos since its public sale. He strongly believes in the smart web and in a true decentralised internet which Elastos will bring to the world. Elastos can and must be part of the new economy. Taking this into account, AllianceBlock can use Elastos to build all of its KYC/AML and digital identity features. Most assets can and will be digitalized, and if AllianceBlock can create a security token standard that will then be validated by the Elastos community and approved by the various financial regulators, AllianceBlock will then be able to process end-to-end issuance of equity shares and bonds using Elastos main chain and sidechains. Additionally, secondary market and multi-chain token swaps can be built on Elastos, as well as the milestone-based financing. AllianceBlock wants to integrate Elastos into its platforms as a cornerstone of its ecosystem.
How does AllianceBlock plan on incorporating with the Cyber Republic? Are there any community-focused projects? Do you plan on creating a suggestion on the Cyber Republic website in order to further fund the project in the ecosystem?
AllianceBlock wants to bring awareness about Elastos and be a business development arm by developing some features on Elastos, but AllianceBlock also wants to help projects implement their ideas/strategies on Elastos, thereby increasing Elastos and Cyber Republic’s overall visibility and global reach.
AllianceBlock banking ecosystem is community-driven. All the projects that are listed on the platform need to be vetted by the community. The community would share its feedback and insight about the project (startup or/and SMEs), and then, by leveraging AI and Collective Intelligence, the project could receive a rating that would highlight its feasibility, viability, and profitability of the project. The higher the rating is, the higher the probability of success. AllianceBlock is not planning to create a suggestion on the Cyber Republic, yet.
To learn more about AllianceBlock, join them at:
MVP: https://portal.allianceblock.io (bug bounty program is still live)
AllianceBlock as explained by Dr. Amber Ghaddar: https://www.youtube.com/watch?v=r-GfFxZhw9Y&t=1s
Elastos Hive Cluster: a decentralized File Storage Service that based on IPFS cluster. For more information: https://blog.cyberrepublic.org/2019/02/19/weekly-report-february-18-2019/
Elastos Sidechain: a scaling solution that utilizes parallel blockchains to the main chain in order decrease transaction congestion on the main chain. For more information: https://blog.cyberrepublic.org/2019/03/05/weekly-report-march-3-2019/ https://news.elastos.org/spotlight-series-2-elastos-sidechains-and-scalability/ https://news.elastos.org/spotlight-series-2-elastos-sidechains-and-scalability/
Elastos Private Net: a private developer environment for local app testing on the Elastos Blockchain and Sidechains. https://blog.cyberrepublic.org/2019/03/11/weekly-report-march-11-2019/
Elastos Runtime: the environment that code can run on, like an encyclopedia or a library about a new world in which digital assets are run under the blockchain. https://news.elastos.org/spotlight-series-1-elastos-runtime-aka-trinity-aka-elastos-browser/
DPoS: Delegate Proof of Stake is a method of finding blockchain consensus in which specific machines (delegates) are trusted with the power to verify transactions. These delegates are voted in by the community.
Elastos DID: An Elastos sidechain that can be integrated with any other sidechain on Elastos. Its function is to provide a unique identity to a user and to store that user’s data in a secure, decentralized, and provable way.
Merged Mining: Mining two blockchains at the same time without any additional resource consumption. This allows a smaller blockchain to “piggyback” the power of a larger chain and leverage the security of its hash power. In Elastos’ case, the larger chain is Bitcoin.
Feel free to leave a comment with your concerns, questions, and suggestions (or praises), for the Cyber Republic.
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