Houbi Pool announces “Triple Mining”
Welcome, avid followers of the new Smart Web. Elastos Orchard recently released new proposals. Elastos Foundation made a statement concerning multisig DPoS Supernode Registration. Huobi Pool announced rewards for its ELA merged mining, Elastos Philippines continues to move forward at a strong and steady pace, the ELAlliance has provided a new tool for organizing and coordinating voting, and there’s a new Telegram channel for the CR Press team.
Elastos Orchard is one of the funded proposals of new CR Consensus. They are an established team of CR members in Europe looking to introduce and convert businesses toward Elastos technology. Recently, they’ve released three specific proposals. One is related to an event called UNESCO. Another is geared towards increasing journalism and social media in the region. The latest proposal is to increase the number of Carriers and DIDs in Europe. Read more about the proposals in our included segment.
Elastos Foundation will not be supporting multisig DPoS Supernode registration as in this statement: https://news.elastos.org/elastos-foundation-statement-regarding-dpos-multi-sig-supernode-registration/
While this is disappointing to several pools, Elastos Foundation encourages participants to find alternative means of registering their nodes under a single private key.
Huobi Exchange announced that BTC and BCH miners would receive ELA through merged mining from May 6th (https://www.huobipool.com/pos/announcement/cg). BTC mining has fully supported “Triple Mining,” meaning that miners can receive BTC, ELA and HPT (Huobi Pool Token) at the same time. Any questions please refer to Huobi Pool’s Wechat at huobipool03.
The ELA Alliance have introduced a new matching program. If a Supernode with 1,000 ELA participates in the ELA Alliance Matching program, the Supernode will receive 1,000 votes from 36 nodes, totalling to 36,000 votes. Participating in this matching program does not mean you join forces with the ELA Alliance. It will be interesting to see if this program catches on and how it will affect the DPoS standings amongst prospective Supernodes in the election.
The Elastos Core team recently released its latest updates this week. Highlights include Feng Han speaking at the Xian Community exchange meeting and presenting his lecture on Golden Finance. Next week the Elastos Foundation will have a booth at the University of California-Irvine to connect with students and blockchain ventures. Elastos founder Rong Chen will be attending the UNESCO conference in Paris, France at the end of the month. Please check out the technical updates on Carrier, Hive, Trinity and more!
There’s a new CR Press Announcement channel. Please tune into this Telegram channel for any breaking CR News https://t.me/CRPressOfficial. More and more articles will be released through our website, even if they don’t appear in our weekly updates. We are always looking out for contributions. Any article related to cryptocurrency, Elastos and the CR, is considered.
A recent example of what we might publish is that after Coincenter, a Washington, D.C. based organization that supports decentralized blockchain projects, posted the video of Congressman Brad Sherman calling for a ban of all Cryptocurrencies–CR Press wrote an article on this topic for our website. You can check it out here: https://news.cyberrepublic.org/usandbitcoin/
-By Jeremy G.
Read last week’s update on our website:
Read the last Elastos Weekly Update here:
We have a Cyber Republic Documentation site with relevant introductory information about Cyber Republic, including the constitution, voting and proposals, and leadership. Check it out here:
If you have any content you’d like to submit to our team, please email us at:
CR News Website:
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
Elastos Orchard Update
By Jeremy G
In early March, Elastos Orchard, the aspiring European business hub of Elastos and CR, posted their suggestion on cyberrepublic.org. It garnered a lot of attention with its ambitious goals and widespread initiative throughout Europe. The suggestion became the 3rd most popular suggestion. Now the team is going through the refining of its proposals as the Interim CR Council provided instruction to separate their plan into separate proposals. These current proposals are UNESCO conference, increasing Press and Social Media awareness, and increasing the number of Elastos Carrier Nodes and DIDs operating in Europe.
The first proposal revolves around the prestigious crypto event called UNESCO (which is different than UNESCO World Heritage). As stated in the proposal, “We propose initial funding to meet at the UNESCO conference with the core goal to align our activities. Since we will be working in multiple regions at the same time, this is necessary.” The proposed budget is $5,000. This will cover all initial meetings and business planning.
On KPIs for this proposal: “…to ensure that it is coherent, synchronised and implementable. The Orchard team will refine the strategic planning map, define the Orchard vision, Lines of Operation, determine clear Business Development processes and estimate resource requirements. It is intended to use this planning as a blueprint for other global communities.” The first proposal looks to jumpstart Elastos Orchard’s Business Development where they can meet developers, investors, and strategic partners at the UNESCO conference.
The second proposal pertains to Elastos Orchard’s plan of increasing Press and Social Media awareness throughout the European region. Stage 2 is when the Business Development will start. Here are the steps the team needs to take in order to achieve these goals: “First: A specific list of traditional & non-traditional media, with contact details, will be generated per region, this is part of the first round of funding and can be done in the first month. Second: Spotlight series & CR News will be promoted as well as the Cyber Republic website, [the] goal is to get various media and journalists interested in Cyber Republic. Third: as for the release schedule we will follow the CR news and official Elastos news. In the upcoming 3 months the release of the Ethereum sidechain will be prioritized.” The team looks to gather information, organize contacts, garner interest around the CR and promote Ethereum Side Chain. The KPIs all relate to translating CR and Elastos materials for the European community as well as building a directory of key traditional journalists and social media personalities for at least 5 countries. The budget consists of $15,000 for a 3 month period.
The third proposal relates to increasing the number of Carrier Nodes and DIDs in the European continent. There are a handful of KPIs outlined. In order to increase the region’s DIDs upwards of 15%, the team looks to cooperate with existing businesses and applications to use DID for KYC. Elastos Orchard will educate businesses on the importance of DID and how it can be utilized as opposed to centralized services like Google and Facebook. The Businesses Dapp Development KPI will be achieved by reaching out to local businesses to develop a truly decentralized dApp utilizing Carrier, DID, Hive, Trinity.
Finally, the Elastos Orchard team will seek to develop a strategic partnership with Shijiu TV to send out TV boxes into the European region. The team wants to onboard local businesses to utilize not only the TV boxes but other smart devices using the Elastos suite of tools. The budget of this proposal is $36,000 for the six regions it’s focusing on.
The first two proposals have already been accepted by the Cyber Republic Consensus. The third proposal is still under consideration. After Elastos Orchard attends the UNESCO conference in Paris with Rong Chen, the team will give an update on how it went. Congratulations to Elastos Orchard for carrying the torch forward in the European community.
By Kenneth K.
As there are many terms to such a large project like Elastos and 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 a less technical term: “Hackathon.”
“A hackathon (also known as a hack day, hackfest or codefest) is a designed sprint-like event in which computer programmers and others involved in software development, including graphic designers, interface designers, project managers, and others, often including domain experts, collaborate intensively on software projects.
“The goal of a hackathon is to create usable software or hardware with the goal of creating a functioning product by the end of the event. Hackathons tend to have a specific focus, which can include the programming language used, the operating system, an application, an API, or the subject and the demographic group of the programmers. In other cases, there is no restriction on the type of software being created.”
The term hackathon comes from being able to “hack” away at things completely unknown to you and piecing them together to somehow make it work by the end of the event. That’s pretty much the definition of hacking. Hacking is neither good nor bad. A hackathon is akin to a musician’s jam or a writer’s retreat in which there is a get together designed so that skilled individuals can create and tackle projects in a hyper-intensive, fun, and productive environment.
Often, people end up working with strangers, and it is in this environment that networking and long-term developer communities are quickly born. Hackathons are one of the most effective ways to educate developers about blockchain, and in particular, Elastos technology. By creating a space where curious developers can learn and play through experimental creation, dapps are often born.
Community Shout Out:
Node Candidate eladapp.org built this little game.
International Community Events
|Chinese Community Activities|
|Mini game ELA GO! made by eladapp.org||http://eladapp.org/|
|ELA Talk: Tyro Lee: Why elect for Supernode||https://mp.weixin.qq.com/s/xmitQo-b4aU9I2EtrK4Jqg|
|ELA Talk: Hebei Community and Elastos||https://mp.weixin.qq.com/s/9FLCplMTJiWBf7Tb4z45fA|
|ELA Talk:The persistence of Bitett and Elastos||https://mp.weixin.qq.com/s/y7Og-vxGxzyb9IevND9Ybw|
Last week we introduced some tools ELAlliance is offering: https://news.cyberrepublic.org/weekly-report-may-6th-2019/. The website now has another tool that node candidates can utilize to optimize their election strategies–a node voting coordination tool. This tool essentially builds mini-alliances where nodes commit to sharing their votes amongst each other in an equally weighted manner.
It is open to all community nodes as its primary goal is to unite nodes that do not hold large amounts of ELA (compared to whales).
Coordinated voting is voluntary and the platform does not require a node to use their available votes. A platform member can define how many votes they want to use to participate in the coordination of voting, and the platform will match other nodes that can give out the same number of votes. For instance, if a node has 3K ELA for voting and wants to use only 2K ELA for coordinated voting, it can simply put 2K as a parameter in the platform and it will match other nodes that would also vote 2K ELA back to the node. This allows the node to have the freedom to use the remainder of the 1K ELA for other purposes without commitment.
In this regard, the platform offers flexibility to its participants, and nodes have more specific control of their votes. The platform will not rule out a node’s eligibility to participate due to its affiliation to any alliances. In fact, the platform is a separate entity from ELAlliance and a node joining the platform has no association with the membership of ELAlliance. The platform is open, and it is a public tool.
There is no maximum to the number of nodes that can join the platform. Let’s say there are 50 nodes that join the platform. If 30 of them want to participate with 3K ELA and the other 20 with 1K ELA, the platform will match the nodes and generate two groups, one requiring the 30 members to vote 3K for one another, and the other 20 to vote 1K.
Another feature of the platform is to set the minimum threshold for coordinated voting. The lower the threshold, the more likely a node will receive votes from others. For example, if a node has 10K ELA to vote, that node can set the minimum ELA threshold as (1) 10K, or (2) 1K. For (1), he will be matched with nodes which can vote 10K for one another. There might only be 5 other nodes able to offer such amount. For (2), he may be matched in 3 groups of 3K, 3K, and 4K, each group with more than 10 nodes. That might give more return votes for the same 10K ELA committed. This maximizes his return as it depends on how many other nodes are available.
The platform will show how each node should vote for one other, and there is a monitoring system to minimize the risk of noncompliance. Noncompliance will be shown in the website and they will be warned and ruled out once being reported. Here are some screenshots of the system:
The platform is now online and community members can check it out at: http://www.elalliance.net/poll/login?lang=en_US.
Our communities are our assets – Elastos Philippines.
When Blockdevs planned a lecture on programmable blockchains, they approached Elastos Philippines to provide an audience for “Looking Beyond Ethereum,” a topic about advanced blockchain platforms. With Elastos’ Ethereum-compatible sidechain going live soon, our links with the local Ethereum community are growing.
Blockdevs is a group of expert, mostly expatriate developers looking to build a blockchain development ecosystem. We are honored to have been asked to participate in this event May 4th at Acceler8, where Elastos had its first event last October.
Elastos Philippines sent three teams to the previous event, the DISH Hackathon, and we look forward to further collaborations with them, including lectures and hackathons on Elastos functionality.
Elastos Philippines brought in forty delegates from University of Makati, Universidad de Manila, Polytechnic University Quezon City, and STI. We accounted for about half the audience and ensured a well-attended event, a win-win for all; our student devs learned from experts, Blockdevs attracted sponsors, and sponsors received marketing.
Sponsoring the event was South Korean Kakao subsidiary GroundX, a Blockchain Ecosystem builder that is promoting an online hackathon. Elastos Philippines plans to encourage community members to participate in this event to gain experience.
By building an extensive network among young developers, Elastos Philippines has created an asset that may be leveraged to everyone’s advantage: a community of learners, event planners, and sponsors. The approach is unconventional but proving effective and cost-efficient at growing our presence as a vital part of the rapidly growing Philippines’ blockchain ecosystem.
And as a treat to our student developers, we arranged to have them welcomed at a trendy party nearby. Hosted by Preen, the young adults section of the Philippine Daily Inquirer, a major broadsheet and fashion store Kubo by PioPio, the event featured talks on denim crafts, fashion trends, and featured a Caribbean band.
While some of our geek devs were intimidated by the crowd of young socialites, we reminded them that if they write a great app, it will be on the young socialites’ phones, and that brought a smile to their faces as they eagerly await the next hackathon.
Photo Credit: Blockdevs Asia, Asian Blockchain Review for the official event group photo.
Interview: Crypto Lark
By Jeremy G
Please introduce yourself to the community. Is there anything personal you’d like the share with everyone?
I am Lark, a dude who talks about cryptocurrency on the internet. My first crypto after Bitcoin was Steem, the decentralized blogging community where I can earn crypto was a really cool way to get into crypto.
When was the first time you learned about Bitcoin and cryptocurrency? Were you instantly hooked or was it a process to learn everything?
I first learned about it in 2012 when I was working as a tutor at the University of Auckland. Sadly, I decided beer was a better purchase at the time. But it did spark an interest that carried through the years until I started taking it more seriously.
You currently reside in the beautiful New Zealand. Have you seen any sort of cryptocurrency adoption over there? Have you attended any cryptocurrency meetups over there to help spread the word and educate people on it?
New Zealand is behind in terms of adoption with our Aussie neighbours being leagues ahead in that regard. There is very little retail adoption though there are a lot of enthusiasts. Yes, I have been to meetups; there are regular ones happening all the time.
Your YouTube channel, “The Crypto Lark”, has turned into a very successful Crypto outlet with many fans. How did the channel start? Are you surprised by the following you’ve accumulated? How has this changed your life?
The channel start out of documenting my own personal journey and providing education and insight for the community. I am humbled by the response to my channel, and I work hard to continually provide value for the community. It has been life changing in many ways, including doing this as my full time job! (Starting November 2017)
Most recently you created a well-received video on Elastos and Cyber Republic. When did you first learn about the project? What initially attracted you to it and how do you see Elastos differentiating itself from the thousands of other projects out there?
I first really got into Elastos in early 2018. The scope of the Elastos project and the focus on creating a better ecosystem for the internet were very attractive. There are a lot of ways that Elastos is different, but some things that have really stood out recently is the Carrier system and the partnerships which can bring millions into crypto.
Cyber Republic is the underlying society for the Elastos community. It’s almost seen as the Elastos “DAO”. The 16.3 million ELA will be open to the CR come August, which will be used to fund the ecosystem. Please let the community know your thoughts on the Cyber Republic. In your opinion, what does the CR need to do in order to make this all become successful and fully functional?
Cyber Republic is the make or break for Elastos. The organization will be able to fund the economy and really stimulate growth. CR needs to fund things that will make using Elastos fun and easy so that we can get more non-crypto people on board. It can also do a lot for the public communication and PR which has been lacking.
The DPoS Supernodes Elections have fully commenced. A total of 96 Participant nodes will look to be elected to accompany the 12 CRC Nodes. What’s your opinion on these elections? Thoughts on having Supernodes in Elastos’ dual Consensus mechanism?
The elections are an important part of the process in terms of decentralizing the network. The dual consensus mechanism should prove to be very powerful, leveraging the power of Bitcoin and a decentralized group of community members.
What’s your favorite dApp that’s being built on top of Elastos?
Certainly for me it would be Viewchain and the ability of this project to bring millions of people in places like Myanmar decentralized identity products.
Do you plan on making more videos about Elastos and the Cyber Republic? Any plans on contributing to the CR itself?
Yes, of course I will continue to follow the progress of Elastos and the CR. I believe it can be one of the big innovators in crypto. Not sure how much time, if any, I can devote to the CR, but hopefully I can peek my head in from time to time.
Any fun hobbies or activities you like to do in your spare time?
Try and get out and away from the computer as much as possible. Yoga, gym, trekking, and drinking yerba mate by the waterfront.
Anything else you’d like to say regarding Elastos and CR?
I am just really excited to see that in spite of the bear market, Elastos kept building. I am looking forward to what the future holds.
CR Forum Topic Highlights
CR Forum Topic Highlights
We’ve summarized some of the popular topics of this week:
A CR forum user (“grad27”) has posted a topic on the mechanism of voting for DPoS supernodes. Some of the user’s questions are as follows:
- Why would I be willing to spend my ELA to vote for Supernodes?
- What are the benefits for ELA holders to vote?
- How does the revenue split works between supernode and voters?
- If a supernode has a 50/50 split, what are the likely returns per month if any?
As you may be aware, there are several community-run websites that are devoted to DPoS supernodes. You can find more details about each supernode candidate or even a calculator for potential rewards from voting. Some of them are as follows:
If you are able to answer some of the questions posted in this topic, please click on the following link:
CR Article Suggestions
We’re revisiting this topic as we received some interesting ideas for article topics. Some of the ideas are:
- Relation between Elastos and IOEX
- What is an Alliance in DPoS nodes? What are the functions of it?
- A basic tutorial for setting up a DPoS node
- The history of currency and money
- How to stimulate more people to participate in CR and CR forums?
- The position of the Secretariat? Are there any expert team?
- The most effective elevator-speech of Elastos and Cyber Republic?
- Could a system without leadership work effectively?
- Learning to code and is it worthwhile for non-coders?
If you have some ideas or suggestions to contribute to our CR Article, please leave your comments in the following topic:
Current Events: U.S. Congress and Bitcoin
Our CR Press senior writer, Jeremy G., has written an article relating to the Democratic Congressman Brad Sherman who called for banning Bitcoin and cryptocurrency purchases for US citizens. Some of the details of what Mr Sherman claimed are as follows:
- He built anti-cryptocurrency arguments around how international power is based on the US dollar.
- He stated that crypto undermines currencies like the Petro in value as a standard for business transactions and other forms of exchange.
- He believes that crypto will take power away from US, tax collection and law enforcement.
Crypto Youtuber and Elastos enthusiast Crypto Lark recently posted a video regarding this topic https://www.youtube.com/watch?v=ZU3FdpEL3Ew. He breaks down each argument Brad Sherman presented in Congress.
One of the more popular crypto subreddits, r/cryptocurrency, exploded on this topic. Here are a few quotes: “I haven’t looked into it at all but I’d bet anything that he’s getting paid/lobbied by banks”
CR Press looked into this and according to Opensecrets.org in 2017-2018, Royal Business Bank was the top contributor for Brad Steven’s campaign. Could Brad Sherman and the U.S. Congress succeed in banning cryptocurrencies in the United States? If you are interested in this topic, please visit the following link:
Ruolan Supernode’s Views on Elastos
One of the core team members from Ruolan Supernode, Ding Ning, has posted a series of posts explaining his views on Elastos. As Elastos is a huge project, Roulan Supernode wishes to see Elastos from different perspectives, and hopefully community members can learn something new from these posts. As the posts are written in Chinese, we have summarized some of the key points as follows:
- Chen Rong’s views on 3 main functions of blockchain
- How does Elastos aim to achieve decentralisation in 3 ways
- Shortcomings of the existing internet and how Elastos could solve them
- How Elastos could solve web piracy and create unique ownership of digital assets
- Challenges faced by the blockchain industry
- Current and future trends of blockchain and the internet
- The impossible triangle of blockchain
- How blockchain can realize a smart economy
If you can read Chinese and are interested in these topics, please click the following link:
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
CR Article Suggestions
Current Events: U.S. Congress and Bitcoin
Ruolan Supernode’s Views on Elastos
How to Edit the Username in CR Forum. Urgent!
Top active topics (in terms of number of views and replies)
Hyper.im – Peer-to-Peer Instant Messenger
Option Incentive Scheme for Elastos Brand Promotion
Marketing & awareness of Elastos & 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
Elastos Hive Cluster: a decentralized File Storage Service that based on IPFS cluster.
Elastos Sidechain: a scaling solution that utilizes parallel blockchains to the main chain in order decrease transaction congestion on the main chain.
Elastos Private Net: a private developer environment for local app testing on the Elastos Blockchain and Sidechains.
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.
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.
DDoS Attack: Distributed Denial of Service–An attack that renders an online service dysfunctional by overwhelming it with traffic from multiple sources.
Hash Rate: The computing speed at which a mining machine can operate.
Decentralized Application (DApp): An application built on a decentralized peer-to-peer network that is not controlled by any single authority.
Cold Storage: A digital wallet stored on a platform not connected to the internet. This protects from unauthorized access, cyber hacks, and other vulnerabilities to which any system connected to the internet is susceptible.
Hackathon: A high intensity meetup, often spanning days, where programmers can work exclusively on anything they want in a collaborative manner.
Feel free to leave a comment with your concerns, questions, and suggestions (or praises), for the Cyber Republic.
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