Core Magazine April 2016

CRYPTOFUND, NAUTILUSCOIN, BTCOR AUDIOCOIN WHAT'S INSIDE WAVES INSTANTDEX, Interview, NXT, CORE and SuperNET Updates PLUSINTERVIEWS MORE

ISSUE #2 OCTOBER ISSUE #8 APRIL 2015 2016

core Harnessing the benefits of technology for the good of humanity

http://coremedia.info/ http://coremedia.info/ http://coremedia.info/

Exclusive Interview About a Blockchain Making Waves slack.coremedia.info

BTCORPAGE NEWS INDEX Cryptocurrency and P2P News with The Daily Decrypt - Bitshares Blockchain Bunker - The Corporate Interests of Blockstream - SlockIt - The Age of Altcoins is Upon Us - Virtual Reality and Cryptocurrency - Cure Coins - Bitcoin: The Slowest, Most Expensive, Least-Developed Currency - Delegated Proof-of-Stake - Maidsafe Interview

- NXT Whales Show Discontent In Regard To NXT 2.0

Waves - Platform Vision Waves - ICO Details 1st “Delaware” Company Cloned On Blockchain by J X STARR CORE News

NXT News - An Act of NXT Kindness - Marc De Mesel Interviews Riker - NXT 1.8 Announced - CryptoAI ICO Successfully Sells Out

Top 5 SuperNET Slack Chats CORE EOM Report

TranspoTime21Bus Comic Chapter 7

Interview

SuperNET Update #1

BITCOIN AND NXT What is Bitcoin?

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

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

Decentralization, in the context of Bitcoin, means every transaction made on the Bitcoin network can be viewed by anyone around the whole world. Furthermore, all the information of Bitcoin transactions is downloaded onto every Bitcoin users computer making it impossible to shut down the Bitcoin network.

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

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

“At its core, bitcoin is a smart currency, designed by very forward-thinking engineers.

It eliminates the need for banks, gets rid of credit card fees, currency exchange fees, money transfer fees, and reduces the need for lawyers in transitions… all good things” - Peter Diamandis

What is NXT? NXT is a cryptocurrency just like Bitcoin. Bitcoin is the original cryptocurrency that started it all, however, it is limited in its functionality. NXT takes cryptocurrencies to the next level.

NXT is labelled as Bitcoin 2.0 because of its ability to host IPOs and small businesses. NXT can be used to crowdfund any project, large or small. The best comparison is that NXT is like the cryptocurrency stock market.

NXT has many innovative projects already yielding results and users who hold those assets reap the benefits through dividends. The NXT wallet is also regularly updated, fully functioning, dynamic and easy to use.

Cryptocurrency and P2P Tech News Brought to you by...

"The Daily Decrypt offers weekday video casts to its listeners on a wide variety of cryptocurrency and blockchain technology topics."

Click on the images below for FULL daily breakdowns

3

February 29 - March 4, 2016

March 7 - March 11, 2016

March 14 - March 18, 2016

March 21 - March 25, 2016

Bitshares Blockchain Bunker Amanda sat down for an interview with Jonathan Baha'i who recently deployed a BitShares witness node in a nuclear-proof bunker located in Nova Scotia in Canada.

The bunker, which Baha'i now owns, was originally built as a data center and nuclearproof emergency bunker capable of housing up to 350 people during an emergency.

Baha'i speaks of the possibility of an electromagnetic pulse (EMP) rendering our electronic devices useless. An EMP can occur both naturally from the solar radiation or from man-made events such as the deployment of a nuclear weapon.

In deploying his node in his bunker, Baha'i hopes that the BitShares blockchain will survive any such catastrophic event.

After some conversation regarding BitShares, its infrastructure and how he got involved, Baha'i makes a surprise announcement regarding an initiative called Blockchain Bunker which aims to utilize the infrastructure at his bunker alongside sidechain technology to help ensure that other blockchains would continue to exist and remain operable in the event of an EMP or other global catastrophe.

The Corporate Interests of Blockstream If you've recently visited NodeCounter. com, a website which tracks the distribution of nodes running each of the various Bitcoin codebases, you've probably seen a message detailing the effect that private company Blockstream continues to have on Bitcoin development.

Because the Bitcoin network and its users have never paid Bitcoin developers, the door has been left open for private company Blockstream to come in and finance Bitcoin development, guiding it in such a way that suits its financial aspirations and neglects the wishes of Bitcoin's user base.

This situation has seriously compromised Bitcoin's ability to act as the peer-to-peer digital cash system it was intended to be as outlined in Satoshi's original whitepaper and has left the door open for other cryptocurrencies to emerge with better systems of governance and development funding through various forms of blockchain payouts that ensure the blockchain is working for its users and not subject to excessive oversight by private corporate interests like Blockstream.

SlockIt

As more dapps are built on top of Ethereum, concerns about the size of Co-founder of SlockIt, Christoph the Ethereum blockchain and incentives Jenztsch, joined Amanda for a for nodes to host it are growing. discussion on his Ethereum-based Jenztsch, however, assures us that project which is developing smart SlockIt will not contribute much to the property and "Internet of Things" size of the Ethereum blockchain because devices that lock and unlock using cryptocurrency and smart contracts and its locks will function primarily through peer-to-peer signed messages and will aims to function as a decentralized only need to embed data on the autonomous organization (DAO). blockchain when the Slock is rented and again when it is returned.

SlockIt aims to facilitate the growth of the sharing economy by enabling people to rent out their property in new ways.

The broader vision for the project, however, is to be positioned well within the "Internet of Things" movement by enabling machine-to-machine communications and payments.

For example, SlockIt is working with German energy company RWE to develop blockchain-enabled electric car charging stations that will allow blockchain-enabled electric cars to pay for their own energy automatically. This sort of blockchain-enabled smart property is currently possible only on the Ethereum blockchain because it is currently the only blockchain that is turing complete.

Ethereum is also unique in that it enables its decentralized applications (dapps) to function as DAOs. For example, those looking to participate in the SlockIt DAO can do so by buying tokens representing the right to participate. The DAO receives a 1% fee from every transaction that takes place on the SlockIt dapp. The DAO then can vote on how to allocate the funds.

The Age of Altcoins is Upon Us One of the strongest selling points for Bitcoin since its inception has been that its network has no single point of failure.

Within the greater cryptocurrency ecosystem, however, Bitcoin itself is emerging as a potential single point of failure due to its developers having failed to keep its transaction processing capacity in line with the demand for Bitcoin transactions and the fact that Bitcoin is the primary gateway between fiat currencies and the altcoins that comprise the rest of the ecosystem.

Also to note is that very few goods and services are currently available for purchase with any cryptocurrency other than Bitcoin.

If we as cryptocurrency users and

5

development to turn things around and want to take the health of the entire ecosystem into our own hands, it is imperative that we begin building out the infrastructure for which early Bitcoiners so fiercely fought. Aside from building out the services and infrastructure needed to bring fiat currency directly into altcoins, we must speak with the people with whom we trade and do business and seek to increase the Cure Coins number of people and businesses accepting altcoins as payment for While most cryptocurrencies focus on goods and services. functioning as a currency, a small subsector of cryptocurrencies, cause coins, appeal to cryptocurrency fans who wish to support a specific cause.

GridCoin, launched in late 2013, currently has a market capitalization of 2.7 million USD and functions through something its developers call Proof-ofResearch, a rendition of Proof-of-Stake through which stakers provide Virtual Reality and computational power for the Berkeley Open Infrastructure for Network Cryptocurrency Computing (BOINC) and are paid in newly-minted GridCoin generated each Most of us, especially cryptocurrency block. BOINC provides computational fans, spend a lot of time online. One can imagine a scenario, perhaps not too power to universities and institutes who far into the future, where we become so use it for their research in fields such as immersed in our online activities that we astrophysics, astronomy, and chemistry. begin to sense and experience these activities as a separate reality unto its SolarCoin, launched in early 2014, own. In pondering the economic consequences of this scenario, Amanda currently has a market capitalization of 700,000 USD and operates via a Proofsat down for an interview with exof-Stake protocol with a .5% reserve set Google employee turned technology aside to pay those running its node blogger Maciej Olpinski who has infrastructure. The SolarCoin Foundation postulated a variety of scenarios once every six months pays out regarding virtual reality technology and SolarCoins to any organization who can cryptocurrency. prove they are generating solar energy at a rate of 1 SolarCoin per 1 megawatt hour (Mwh) of solar energy generated.

CureCoin, launched in mid-2014, currently has a market capitalization of 260,000 USD and operates via a Proofof-Work and Proof-of-Stake hybrid protocol. Miners are paid for their hashing power and stakers are paid for the computational power they contribute to Stanford University's Folding@home program. Folding@home is software that applies the computational power of CPUs and GPUs towards generating simulations of human protein folds.

Stanford believes the program can lead to a better understanding of human proteins and eventually better treatment protocols for various afflictions like Alzheimer's, Huntington's, and some forms of cancer.

Cause coins with smaller market capitalizations seeking to break into these same markets include EverGreenCoin and FoldingCoin.

The current cumulative market capitalization for cause coins is over million USD. Because cause coins have some pretty significant advantages over traditional methods of funding such causes, namely the ease with which funding can be audited and the voluntary and incentivized participation, the potential for growth within this subsector of cryptocurrency is actually quite substantial.

Bitcoin: The Slowest, Most Expensive, Least-Developed Currency In recent weeks the Bitcoin blockchain has been experiencing issues with pending transactions piling up in its mempool waiting to be confirmed and processed into blocks. Bitcoin users have reported waiting in excess of 24 hours for transactions to be confirmed and many have posted in online forums pleading others to not use Bitcoin until the mempool is cleared. Also becoming increasingly common are posts from Bitcoiners announcing they're diversifying into some of the major altcoins which have over the past several years developed technology far superior to that of Bitcoin.

Up until now Bitcoin has reigned as the king of cryptocurrency primarily due to it having been the first to the table and to the resulting network effect. It remains apparent, however, that Bitcoin is one of the least developed cryptocurrencies. It has the slowest confirmation times, no clear governance structure, unrewarded nodes, no privacy features at the protocol level, alphanumeric addresses, little to no double spend protection and a development process funded primarily by fiat venture capitalists.

Despite many of the major altcoins having better technology than Bitcoin, most also lack a clear governance structure and so it is likely that if any of them were to expand their user base to the size of Bitcoin's user base some of the same bottlenecks in development would arise.

7

continues to heat up, it is becoming increasingly clear just how important it is to have a clear governance structure at the foundation of any cryptocurrency network. The network can operate at its best only if all parties involved are clear on what participation in the network means and what can be expected upon choosing to participate. Perhaps contrary to what one might expect, governance is just as important in the decentralization movement as it has been in the centralized systems of the past and it is likely that the cryptocurrency which best governs itself will emerge on top.

million USD in its IPO. It is called Delegated Proof -of-Stake (DPOS) and Amanda sat down for a chat with BitShares developer Fabian Schuh to learn more about DPOS.

Maidsafe Interview Amanda sat down for an interview with Paige Peterson of MaidSafe to chat about Safenet's current status and how its SafeCoin will be transferable within the network without a blockchain.

Delegated Proof-of-Stake Most cryptocurrencies operate via a blockchain that generates its blocks via either a Proof-of-Work (POW) protocol or a Proof-of-Stake (POS) protocol.

These protocols both give various network participants an incentive to generate a record of the truth with regards to the blockchain and which addresses possess which funds and an opportunity for everyone else to approve of that truth. This process is called consensus and both POW and POS are considered consensus algorithms.

A third kind of consensus algorithm, however, is being used by the BitShares network and will be used in the Lisk network which recently raised over 5

For More Videos Head to The Daily Decrypt Youtube Channel https://www.youtube.com/channel/ UCqNCLd2r19wpWWQE6yDLOOQ

NXT News An Act of NXT Kindness With some doom and gloom surrounding the world of NXT, it was a breath of fresh air to hear that the NXT community came through once agian. On the 3rd of March, user Ebby posted the following on the NXT forum...

"Hello NXT Community, I'm in need of ~8000 USD, because I need to go in the hospital for a long time.

I have: - ~69000 coinomat assets (ID: 6220108297598959542) - ~29000 NEXT assets (ID: 5504266111917554921) - ~9000 cryptocard assets (ID: 7110939398145553585) I already contacted Coinomat and asked for a buy back of these assets, but he don't want to. I invested 39000 USD in coinomat and now all I want is 8000, but nothing.

Is there someone that can help me and is willing to buy huge amount of these assets? I would accept BTC and NXT or other liquid crypto but I need to dump it to fiat.

It would be nice if I can find one and have the money for the hospital.

Thank you all. I know its a bad time, but I can't wait any longer :-/ Greets, eb".

Ebby received a lot of support over the forum, wishing him a quick recovery. The biggest amount of support came from one anonymous user who donated 1,000,000 NXT. This is an incredible act of kindness and as an onlooker, it gives NXT holders a real sense that we are surrounded by good people. Ebby had this to say about the donation...

9

"Thank you all for your warm words. Thank you Damelon for spreading this out on twitter for me.

Today I got a huge amount from a unknown nxt community member.

I'm SO happy now to get this going now and I no longer have to fear that I'm not getting the money for the hospital together.

Many thanks to all and especially to the unknown who made this possible. That makes me very happy :D This community is the awesome!!!

Thank you thank you thank you!!!"

We at CORE would like to wish Ebby a speedy recovery.

Marc De Mesel Interviews Riker At Bitcoin Wednesday, a monthly digital currency meetup in The Netherlands, Marc Da Mesel interviews NXT Developer Riker. The interview covers many topics, including "Ethereum, Lead Dev Jean-Luc, NXT 2.0 Proposal, GPL License, Funding, 73 Founders, Private Blockchains, NXT 2.0 Use Cases, NEM, Private Storage Solutions, Why He Joined Nxt, Killerapps, Privacy Coins, Nxt's Shuffling & User Friendliness and the Nxt Development Process".

Riker does a great job covering just about all bases. He discusses where NXT is going and where it fits into the whole cryptocurrency community.

NXT 1.8 Announced With the focus on NXT 2.0, it was a suprise to get the announcement of NXT 1.8. The new release will add four new features on top of the already functioning framework (Desktop Wallet, Account Monitor, Wallet Home Customization and Add-Ons). I asked Riker, an NXT developer to give CORE some descriptions of these features.

Desktop Wallet "The desktop wallet is about framing the familiar browser wallet inside a desktop application frame. The main advantage is that it opens automatically when you start NXT so it's no longer necessary to open the browser and point it to the wallet manually. This may develop in the future into a multiple account wallet which is customary in other blockchains which would mask users from dealing with passphrases on a daily basis."

Account Monitor "Account Monitor is a business oriented feature which allows businesses to use NXT under the hoods without exposing their end users to the NXT wallet, transaction fees and all these hair balls."

Wallet Home Customization "We also added a feature to automatically skip the login page and open the wallet directly on a specific page or dialog, this is useful for 3rd party applications which would like to utilize only a specific part of the wallet UI and we introduced an enhancement which would enable users to execute some operating system script when starting the node for initialization and when stopping the node for cleanup."

11

CryptoAI ICO Successfully Sells Out CryptoAI is an intelligent trading hedge fund which aims to take "advantage of shortterm market inefficiencies across a multitude of cryptocurrencies". The asset comprises of a team of four men, two model architects, a trading systems architect and a networker / marketer. Two of the people from the team have revealed their identity so far. NXTInspect states that the ID information of these individuals remain consistent.

David Hancock Dave Seyb

On March 13th, the ICO offically began and within a couple of days all assets were completely sold out. It must be mentioned that two of the largest purchases were made by members of CryptiAI. Nevertheless, the selling out of assets does illustrate the power of the NXT Asset Exchange to fund projects.

As stated above, CryptiAI uses Artificial Intelligence to determine it's trades. The methods mentioned are: In sequential phases we will be implementing models based on: - NLP (natural language processing) - analysing the semantics of social media, detecting influential posters, monitoring post frequency, finding influential terms - Deep learning - advanced market prediction algorithm with deep representations - GP ICM - predicting coin release time pumps and dumps and selling at the peaks, buying at the troughs.

CryptoAI ID: 3740008085952605235 www.cryptoai.io

NXT Whales Show Discontent In Regard To NXT 2.0 When NXT 2.0 was first announced it received mixed reactions from investors, some praising the new direction as revolutionary and others claiming the developers have completely turned their back on investors. Please refer to this article on the pros and cons of NXT 2.0.

It seems to be a give and take relationship, without developers NXT would remain stagnant, but without investors backing the project it could never go mainstream.

Upon first mention of NXT 2.0, there seemed to be just enough support for the project, however, as time passed more and more disgruntled voices started to appear. This became apparent when the whales of NXT started to voice their concerns. The relationship between developers and investors is now clearly distorted. Below I will illustrate four whales/key players in the NXT realm that are going against NXT 2.0.

1. Coinomat holds a large amount of NXT with his online exchange service coinomat and is an influential figure in the NXT community.

Upon news of NXT 2.0, coinomat wasted no time in creating a whole new blockchain which aims to be strictly for supporting coloured coins. His new platform is called WAVES. 2. JL777 is the main coder for SuperNET, an asset on NXT. He was able to raise 20 to 30 million NXT from crowdfunding on NXT. Upon news of NXT 2.0, he decided to create a chrome application which could support assets on the BTC block chain.

3. Marc De Mesel is well known in NXT circles as the man with the yellow "Lambo" and the NXT number plate. He posted up a video named, "NXT, We Need To Change"

13

4. Tai Zen is well known for his early videos teaching people about the benfits of NXT. In this video he speaks on behalf of himself and other early investors about the need for a new direction in order to achieve success. He outlines 10 key points which would be needed to achieve that goal.

The importance of whales cannot be understated. Whales are just as important to any cryptocurrency as the smallest users. The only problem is that whales are hard to come by. Although some whales remain private, these particular four examples have either been promoting NXT by building on top of it or appearing in public posting videos or advertising NXT with a sports car. These people have done more for NXT than the vast majority of users. That is why their grievances are important.

It would be unfair not to mention that NXT 2.0 does have support within the community. NXT 2.0 is still being pushed by developers Riker and Jean-Luc, but it is clear the NXT community is divided. NXT is changing, for better or worse and it is important that the community has it's say on how it moves forward.

Damelon has put forward three polls for the NXT community.

Poll #1 - Should a portion of the fNxt in Nxt 2.0 be held back and sold off in an ICO? Poll #2 - Should an ICO for Nxt 2.0 be considered at all?

Poll #3 - Do you want Nxt 2.0 to happen?

Login to your NXT client and vote vote vote!

SuperNET Update #1 Warning: Tech Heavy Reading

It has been a long road for SuperNET towards making its first appearance. JL777, its creator, has encountered many twists and turns in the road from both internal and external influences. The end result is now to be known as Iguana, an easy to install application based on iguanacore. Iguana will be able to run on a lot of platforms. This is where SuperNET Weekly begins.

Is SuperNE

"With the current API, there are subcategory network channels data flow. Now, that means eac specific category network (all t supernetwork which is actually protocol networks as its transp category and each table is a su table communicate by posting tablehash. But, let us imagine t actually like blocks and they m the Pangea/tablehash a coin? I become? If it allows anybody t category, I think the lines betw become blurred.

JL777 originally was building SuperNET on top of NXT, a Bitcoin 2.0 platform which became famous for its Asset Exchange. This system served SuperNET well for quite some time. However, things eventually turned sour. NXT is a forever-progressing system, always trying to better itself through a mountain of updates. This can be a good thing but also a curse. For those building on top of NXT, most notably JL777 and Coinomat, this was a nightmare as the updates meant they always had to update Within each category, the creat their software along with it. JL777 asked for some kind of stability used and maybe it won't even and his request was turned down. This led to the inevitable collection of posts. Now if I add separation of SuperNET from NXT.

someone creates a new post in would seem to have most of th To make matters worse, Jean-Luc's NXT 2.0 proposal came as a not sure this level is needed ye complete shock to the NXT community. In general, NXT holders future problem of an infinite nu were very happy about the decision, while asset holders felt betrayed. For information on NXT 2.0, please refer to CORE making a hierarchy of categorie Media's article on the changes coming to NXT. frequency ones feed into lowe example, the Pangea chain doe In response to NXT 2.0, JL777 announced on BitcoinTalk his and every player's bet, so the P Declaration of Independence from any single blockchain. This with that level of details and on means that SuperNET, or any other asset, is to be made free to chain the result of the game. If move from one blockchain to another. If a particular coin is not top of this, then the Pangea ch progressing, one can simply move their assets to a different disbands/player cashes in or o platform. For example, those that do not agree with the direction implement something along th of NXT 2.0 may wish to move their assets to another Bitcoin 2.0 talking out loud. It seems to ma platform using technology like SuperNET's Iguana. dynamic chains report to a mor Iguana is being built by JL777 with an excellent team behind him. BTCD." - JL777 When asked "what would be the most killer feature of crypto777 (Iguana is the platform name using crypto777 technology)?"

JL777 replied "privacy, speed, scalability, adoption and girls".

Let's take a closer look at what this means.

- JL777 has been been able to code iguana to download the BTC blockchain within 30 minutes.

- Privacy will be maintained through BTCD and Jumblr.

Atomic swap implementati crypto777 tech? Will it cove tech 1.0 and 2.0? By 1.0 tech currencies, and by 2.0 tech I etc. I hope I'm making so understanding on Atomic sw tech. Will it be possible to see swaps between Bitshare

- JL777 with Iguana will enable assets to be built on top of the "Eventually in the fullness of ti B TC blockchain. first it will be bitcoin protocol <

15

ET a coin?

e independent category/ s. Which is its own encrypted ch node can submit to the this runs on the same y using the various bitcoin port). So there is a Pangea ubcategory. Players in each messages to the Pangea/ that these messages are make a chain. Does that make If so, what does the SuperNET to dynamically create a new ween coin and not coin can

work in NXT with its phased and 2.0 without bitcoin protocol can be done indirectly via the PAX for them." - JL777

Could you estimate how many hours you might have spent/ invested on SuperNET tech and what are you invested in?

"18 hours per day, 6 days per week many weeks. If my time is worth any measurable amount, the 5000+ hours I have put in is the biggest contribution. Actually it is over 8000 hours now. I have mostly SuperNET, BTCD and assets." - JL777

Iguana Timeline

"I have a pretty complete roadmap in mind. The first step is to achieve a fully functional Iguana wallet as all the services require that. I just got the unspent data generated without adding any extra time. The total dataset size is 17GB compressed into read-only files, 1.2GB for the accounts and tor can define how it will be 35GB for signatures which can be purged after the initial be any chain, but just a sync. I plan to increase the 1.2GB a little bit as today I figured d a counter so that each time n the chain, they get a credit, it out how to allow calculation of any address' balance as of any block and that seems worth an extra 400MB. So with a he aspects of a coin. But I am et. However, it does solve the dataset size of less than 20GB, it gets more than any block explorer does and much, much more than the raw bitcoind. umber of transactions. By It's one-third the size, is created in as little as half an hour es, you can have higher and has a full block explorer level dataset for all addresses, er frequency ones. For including multisig, at any block. esn't really care about each Pangea/tablehash will deal Once this is validated, then I'll move on to the atomic cross nly post to the main Pangea f there is a casino category on chain protocol so that the "bitcoin" virtual exchange works as hain would report when a table Poloniex does in the InstantDex API. Then it'll be Pangea.

Then it'll be PAX. out. So I probably will hese lines. For now I'm just I'm not sure where the jumblr, micropayments and asset ake sense to have these passports fit in, but I have a set of usecases in mind that re permanent blockchain, like needs to be supported and will get them done as fast as I can but held to a quality standard. It took me ~4 months to get Iguana to where it is so, while it was new tech, it was well ion covers what extent of worth it, especially considering the external events that er swapping between crypto happened after the switch.

h I mean BTC protocol specific I mean NXT, Ethereum, NEM, ome sense with my limited wap tech's role in crypto777 e something like doing atomic es Asset <-> NXT Asset?

ime, anything is possible. At <-> bitcoin protocol. I can also

To my knowledge there are less than 5 Bitcoin Core equivalents ever written and most of them are ports of the bitcoind. Iguana is one of very few totally-from-scratch implementations of Bitcoin Core and, of course, it directly supports BTCD and can run a full BTCD node as a Chrome app while running a validating BTC node at the same time."

- JL777

What would you say is the primary goal you wish to accomplish with Iguana tech?

"The goal for Iguana is to create a scalable Bitcoin Core implementation that is backward compatible and a drop-in replacement. The design needs to meet many constraints, primarily to be as small as possible without sacrificing speed and to be able to work in a parallel sync. That means that each block or bundle needs to be as self-contained as possible, but have external references that can be resolved.

This is similar to object files and linkers. The main thing that has these external references are the vins [unspent inputs used in a transaction].

BitTorrent network as the Iguan directly memory mapped. This deserialization of each and eve skipped. Since the files are less the doubling due to both endia less data overall than the raw b

A Bitcoin RPC compatibility laye that it will be compatible with e that is in place, it can be put th other standard Bitcoin validatio GUI team is creating an all HTM via Bitcoin RPC." - JL777

The end goal is an end-to-end, fully integrated end user solution, which is really all the end users care about. Iguana tech is still young, but already it proves that Bitcoin can easily scale to max transaction capacity without causing any issues for the typical nodes. After initial sync, since the vast majority of the data set is in memory-mapped files, it doesn't need a lot of RAM to run. The code size is small enough that it could run on a smartphone and other low-powered devices. Does that make Bitcoin good for IoT?" - JL777

It's been said that Iguana technology allows for a parallel sync of the full BTC blockchain in 30 minutes which uses half the space and starts up instantly. How is this so?

"The files it creates are read-only files and never change after they are created. This allows them to be further compressed into a read-only file system. Without signatures the data set ends up at around 15GB in a read-only volume and 25GB when not compressed. These files are invariant so, once validated, they never need to be verified again which allows for an "instant-on" after each restart. A layer of data added to the read-only files can be used for an in-memory hash table directly as memory-mapped files. This means the startup time is close to 3 seconds and thereafter it is ready to start syncing new blocks.

In Regards to

"Each interleave is a mostly ind need to enforce a fixed orderin regardless of when the block is This does create the situation w that can't be confirmed due to yet.

This provides the possibility of where the user can generate 10 same tx, so each interleave get The first thing you notice when looking at the raw blockchain in each interleave, but of cours that gets confirmed. So a provis is that there is a lot of redundancy. So by mapping the high entropy hashes to a 32-bit integer you get a 28-byte savings charging extra for these redund for each use. For a transaction ID with N outputs, up to N*28 ones that are in the unconfirme bytes can be saved as each vin refers to the transaction ID. Miners would be able to optimi However, both endian forms need to be put into the intelligently managing their has the 10 interleaves. Also, by hav 17

na files are designed to be allows the serialization/ ery multibyte field to be s than half the size, even with an forms, they still consume blockchain.

that come for free, this would create a larger tx fee revenue base via the premium fees and of course from just having 10x the transaction capacity.

10x interleaving works just as well with 1MB blocks, 8MB blocks, subchains, etc." - JL777

In regards to UTXO

er is being added currently so existing Bitcoin apps. When hrough the blocktester and on tests. In the meantime, a ML/JS GUI that will interface

"All things needed for block explorer level queries are precalculated and put into the read-only files.

By having each bundle of 2000 blocks being mostly independent of all other blocks, this not only allows for parallel syncing of the blockchain but also using multiple cores for all queries regarding tx history.

At the 30MB size or smaller, the entire UTXO bitmap will fit into CPU L cache and provide 10x faster performance than RAM. RAM is actually quite slow compared to things that can be done totally inside the CPU.

Interleaving

dependent blockchain, but we ng based on the interleave s solved for that interleave. where there is a solved block a prior interleave not there

With everything happening in parallel, it is easy to end up thinking a bundle is ready before it is totally ready. So I had to combine the "1st" field along with just waiting 3 seconds after a bundle is written out. That gives time for avoiding race conditions, I am seeing some cases where writing the data out to file is not completed, even though it is memorymapped. When dealing with multiple threads, it does take time to get a fully synchronized state across all threads, especially when dealing with buffered files." - JL777

Writing Bitcoin Core from Scratch

"I use only stdio, read-only mapped files, bsd sockets, system clock and a few other standard system functions. Openssl/ libsecp256k1 is the only crypto dependency I use. The rest is all in my repo (add-on services utilize curl, but that dependency is outside of the bitcoind equivalent). I use no f a rapid delivery feature, boost, not even libevent. Everything from the protocol, to the 0 different variants of the blockchain, scripts, signing, transaction construction, and RPC ts that tx. This would confirm se only be valid in the first one has been coded from sratch. I started writing Iguana last November when I had already written several iterations of sion needs to exist for MGW which gave me a good understanding of the blockchain dant tx and to invalidate the and multisig." - JL777 ed later interleaves.

ize their revenues by shpower based on the state of ving different service levels

How much RAM is required to run Iguana for blockchain syncing?

testing BTC and BTCD at the sam to realtime while parallel synci that had several instances and pretty stable." - JL777

"The more RAM you configure for it the better, but even with 8 cores it doesn't go above 32GB during sync. At 4GB, it will Do you anticipate Bitcoin mostly serialize the processing toward the end when it is just implementing the large bundles. I haven't optimized the minimum memory setting as my target machine is my 3 year old laptop with "Well I am not too concerned w 4GB of RAM. Core feels they want to adopt a users will follow the path of lea Iguana doesn't use any DB and achieving this performance requires constant time performance for all operations within any external dependencies, the won't have any adoption barrie a bundle. One of the final steps would happen as the main chain is validated linearly as the parallel sync is proceeding.

Code that does a parallel sync of the blockchain is mostly working, creating read-only bundle files (of 2000 blocks) and is able to stream at 500mbps to 1gbps speeds without too many slow spots." - JL777

BTC and BTCD Blockchain SYNC "I now have Iguana doing a parallel BTC and BTCD sync in about one hour and catching up to realtime blocks. I still need to make sure the volatile data is properly updated. At that point, RPC like listunspent will be able to be easily completed as long as the data is valid. But Iguana listunspent will be able to be queried as of any block for any address, including multisig. Bitcoind can't do that, neither could insight DB, so we ended up making a special mod to bitcoind to create a snapshot. info: block chain size = 63.487 Gigs info: initializing hash tables info: estimated number of blocks = 498.82K info: estimated number of transactions = 128.85M info: done initializing hash tables - mem = 0.000 Gigs info: pass 1 -- walk all blocks and build headers ...

1.48% (0.90/60.55 Gigs) -- 163729 blocks -- 3.19 Megs/sec -- ETA 19613 secs -- ELAPSED 295 secs Just iterating through the existing database takes 19613 seconds, or over 5 hours, when Iguana syncs from the network in one hour and builds a dataset that is able to be queried as of any block for any address. But Iguana uses less HDD space and protects its dataset with read-only files.

However, Iguana is taking 2MB of codespace. Now I am

19

Because of the way jl777 has codebase with almost no ext very portable and could be ra without needing to have it w extension. In fact, compiling t much easier than cross-comp The build team has it built fo UNIX, OSX, and Win64. There solved with the Win32 build. supported for non-Chrome b

Due to the fact that jl777 has the size of his validated Bitco under Google's maximum Ch 10GB, the Chrome app will in node by default. It will, howe running full nodes for most a which might help the Chrome Bitcoin node is to run multipl that act as file servers. JL777 most users interested in runn probably favor convenience a full node so finding a soluti priority list at this time.

me time. It seems to catch up ing. I found and fixed a bug since then things have been

Core taking an interest in g your code?

JL777 also postulated this week in SuperNET Slack about the possibility of increasing the speed of Iguana significantly by creating a CUDA/OpenSSL version of Iguana for use with GPUs. This would allow for dedicating a core per bundle among other optimizations.

With most all the data being read-only, the biggest challenge in implementing GPU coding (out of sync data with whether or not Bitcoin between cores) is already solved. It might take a few GPU a 10x faster way to sync. End cards to store the complete dataset, but with this method ast resistance and, without e one-click install Chrome app all RPC, even ones that need to scan the entire blockchain, happen within milliseconds and the CPU can er." be used for the latest bundle and create a system that keeps up with new blocks.

s written the Iguana ternal dependencies, it is an as a standalone binary wrapped in a Chrome the codebase natively is piling it into a Chrome app. or a Chrome app, Android, e are still some issues to be . Emscripten could also be browsers.

Because Iguana running on most decent modern hardware will be plenty fast, such a GPU method would be overkill. However, this gives you an idea what kinds of things can be achieved with this technology in the future as things require more speed, efficiency, and security.

Once Iguana is ready and it runs a node via a one-click installation, one can imagine that it won't take long for there to be more Iguana nodes than any other type of node. Because Iguana is a multicoind capable of interacting with many blockchains at the same time, it will appeal to altcoin fans looking to run all their coins on the same computer. The inclusion of atomic swap technology and Pangea decentralized poker in the same app will also increase its appeal significantly.

It is remarkable what jl777 and his team have been able to accomplish by assuming a holistic perspective of the s thus far been unable to get entire system, working backwards from the desired result oin blockchain dataset and making optimizations along the way. Operating in hrome extension size of this way, it is likely just a matter of time until most every nitially run a pruning Bitcoin obstacle facing Bitcoin and blockchain technology in ever, have no problem general is overcome. altcoins. A possible solution e app in running a full For more infomation, read individual weekly blogs at le separate Chrome apps http://coremedia.info/.

7 recognizes, however, that ning Iguana via a browser SuperNET Weekly #1 and efficiency over running SuperNET Weekly #2 ion for this is not atop his SuperNET Weekly #3 SuperNET Weekly #4

Technical Specifications • 100 million issued tokens • POS consensus algorithm • Extensible custom transactions system • Plugin/Blockchain apps system • Decentralized reputation system

Timeline • March 2016 to April 2016 Start of the full-node code development • April 2016 Start of the crowdsale • Summer 2016 Test net launch. End-user light client launch

21

A new block chain is coming and it is going to change the way you think of block chain technology. The name is WAVES, based on the recent discovery of gravitational waves, it encourages the crypto community to join as one and unite. WAVES is heavily influenced by the successful crypto currency NXT which became famous for it's vibrant Asset Exchange. There is one simple difference to the approach of WAVES and NXT, an emphasis on fiat trading. At launch, assets can be bought with USD and EUR. WAVES is completely decentralized unlike Ripple which is backed by third-parties, payment systems, and banks, The man behind WAVES, coinomat, is a well respected member of the NXT and SuperNET community. Coinomat has already created a range of established services, including https://coinomat.com/ which is an instant crypto currency exchange.

Coinomat also owns a range of assets on the NXT asset exchange and has consistently paid dividends weekly to asset holders.

After the announcement of NXT 2.0, it became clear that NXT did not compliment coinomat's vision. For a run down of NXT 2.0, please click here. The NXT community became split into two groups, holders of NXT and holders of NXT assets. It became abruptly clear that there was no platform in the cryptocurrency sphere that was completely asset friendly. Other cryptocurrencies that host assets and coloured coins either lack the user friendly interface, are clones of other Bitcoin 2.0 block chains, have different interests or lack the liquidity. WAVES solves all of these problems.

WAVES is a block chain developed specifically for asset holders. It will be a user friendly, one click installation chrome plugin with a fully decentralized trading/crowdfunding platform. WAVES is being coded from scratch with the support of big players such as JL777. All developments will be open sourced. The full node client will be written in scala and the light client in JS. WAVES also solves the liquidity problem by having fiat pairings such as USD and EUR upon release. Furthermore, JL777 is developing atomic trades which will allow the user to move assets from one block chain to another.

Assets will have the ability to move from BTCD, to BTC (via Iguana), to WAVES or even back to NXT. Other plans to be carried out on release are encrypted messaging, community management and decentralized voting.

After the release which is planned for Summer 2016, coinomat plans for the implementation of a Reputation System and Privacy System. The Reputation System will use a custom "karma" token that can be used as feedback from users. Asset holders are encouraged to be honest. The privacy features, according to coinomat are, "anonymous asset trading will be implemented. Without anonymity features it will be impossible to mimic the usual stock exchange experience of anonymous orders books".

Q: What is so special about this coin? Can you explain in simple terms please.

A: Basically we want to move payment systems and crowdfunding to blockchain. There will be USD/EUR/CNY in your wallet and a crowdfunding platform so it’s like a decentralized kickstarter the end-user client is very lite weight, no need to download blockchains, you just install it from Chrome store.

Q: Similar to Augur, will trade the mainnet being launched? developer on /reptrader acting

A: Yes, right after the ICO end tokens.

Q: Will the client be available we can begin to stake immed

Q: Will CAD be supported on the platform also ?

A: Light client will be available A: Yes I think we could do it. Canada is no problem first few months. So you can regarding compliance, not so for US of course but we’ll be exchanges once ICO finishes, able to do USD, no problem with that.

The crowdfunding tokens can NXT Asset Exchange and cent Q: How is Waves affected by IVTS regulations ? before the Mainnet launches. converted to corresponding W A: As for regulations, if all is fine we’ll be registering a UK company with financial license and a WAVES foundation Q: “We will offer a light weigh company in some offshore jurisdiction or quasi offshore, users, full node carrying the fu like Holland. if ICO is successful maybe Swiss company. a separate software module.” chrome plugin users will not d Q: Will investors need to have KYC done? blockchain?

A: KYC/AML is needed to deposit and withdraw fiat. For crypto no, it’s going to be like MGW SuperBTC.

A: The Chrome plugin will not download.

Q: What are the total number of coins?

Q: How are the plans to secur Passphrase ? 2FA ?

A: 100 mil.

Q: I just want to know the price of Waves tokens.

A: Liteclient will be secured b 2FA added later.

A: it will depend on the total funds collected, 85 mil tokens Q: How will the ICO be? will be distributed among all the ICO participants based on their contribution.

A: Via the website with BTC. W sells written into ETH contract Q: Will you put any type of smart contract in place that the large developer fund-allocation, can not be released until Q: Sasha what would more BT specific conditions are met (time, marketcap, votes etc)?

Inefficiencies comes from too time.

A: It’s in the works, we’re considering several escrow options now. We will be moving forward quite fast, our A: Well if the crowdfunding is goal is to have mainnet up and running in late Summer. compliace route, will do a fina of the vision here is fiat asset

23

centralized service.

ers be able to buy/sell prior to Augur handled that with a Q: Do you (at least) have an estimated launch time? How g as escrow. long (more or less) will it take for your awesome coin to be distributed? ds you’ll be able to trade the A: I make an emphasis on fast development. So the full launch will be in late summer 2016. I want to make the at the end of the ICO so that crowdsell in stages, it’ll take about two months. diately?

Q: Will there be a whitepaper? e, but in testnet only for the trade ICO tokens in A: Yes, there’ll be several the first one will be published , but not stake with them yet. this month, more general. Then there’ll be three technical n be traded at decentralized published later this year, concerning TX level, POS tralized exchange partners implementation and reputation system.

After its launch they will be WAVES balances.

Q: Who are the NXT developers involved in WAVES?

ht chrome plugin for endull blockchain will be run on ” Does that mean that the download the full

A: Devs involved: Tosch and JL777 advising. Project leader, Coinomat at NXTforum.

t require a full chain

A: Full node client will be built is Scala, on Scorex platform Lite, end-user, client will be in JS. Also there most probably will be a full-node C++ client too.

Q: What programming language will be used to develop the platform?

re the Account on Waves ?

Q: One sentence or two what Waves is?

by a password at launch, with A: Cryptocurrency platform with emphasis on custom token creation, transfer and decentralized trading, with deep fiat integration and focus on community-backed projects.

We’re gonna have all ICO t.

Q: So Waves is similar to Ripple? what will be the difference?

TC mean for the time line? o much money most of the

A: Waves is similar to Ripple in only one thing — approach to handling fiat. As in Ripple fiat assets will be backed by third-parties, payment systems, and banks. We will have fiat tokens on our blockchain right at launch, talking to several payment systems now about it.

s successful I’ll go full ancial license in UK etc. part ts, fiat should be backed by a

Q: Waves is a platform? when you mention ‘’broker’’ do you mean Waves is a broker if not what will be a broker? ok btc is a coin, waves a platform so give me the name of a broker?

A: Waves is a decentralized platform, in the same sense as Bitcoin, blockchain where different kinds of transactions can occur. When mentioning “brokers” I meant different blockchains where you can issue asset.

Imagine you have a token on ETH platform and would like to move this token to BTC colored coins. It would be great to have a protocol for this. So we will try also to create a protocol for token/asset transfer between blockchains.

Assets issued on NXT or ETH can be transferred to ETH.

one, and then upgrade it to so bit similar to delegated POS b different.

To be frank I consider classic intents and purposes. Nothing more of purely theoretical natu

Q: Can you tell whats the curr Cryptoassets?

A: Our NXT assets will be tran blockchain! Also there’ll be a at nxtforum.org

Q: Why not proof of work?

A: Proof of work might be more secure in theory, but I still consider it to be not the most elegant solution to consensus problem, due to wasted computational resource. Something better will come, I’m sure about that.

Meanwhile POS is the way to go.

Q: Will assets from NXT be di on Waves or will they just be value?

A: Yes, a burn mechanism is assets can be effectively mov

Q: POS consensus system is that the same as the NXT system?

Q: Will Multigateway be config can be influx of other cryptos

A: Yes, at launch we’ll have “plain vanilla” POS. There will be some improvements later, I’m considering a new POS scheme which seems quite elegant to me.

A: Yes! We will support Bitcoi after it. New coins will be add

Q: Why should be Waves bett Q: Is PoS really suitable for a primarily asset based chain?

Normally in PoS you’re intending on trusting the majority of the wealth, but with an emphasis on assets, the majority of wealth may be the assets themselves, so instead you’re trusting the majority of uninvested wealth.

Is that still sufficient?

A: There’s a very interesting development in this direction now, which James (jl777) is persuing with BTCD — Sidechains secured by assets. So an assetcan secure its own chain. If you secure the whole network with assets you may face some problems, the most obvious is asset issue is not limited, there can be quasi-infinite amount of issued assets.

What I plan to do with POS is to start with a plain NXT-like

25

A: Waves will be platform with creation, transfer and decentra integration, focus on crowdfu projects and mass adoption.

Fiat assets will be backed by systems, and banks. Fiat toke be right at launch.

One of the goals will be also t token/asset transfer between have a token on NXT, ETH pla move this token to BTC colore blockchain. Assets issued on able to be transferred if protoc

ome kind of more robust. A but the tech will be very

cal POS good enough for all g at stake arguments are ure.

rent situation on

nsferred to WAVES swap procedure announced

irectly transferred as Assets redeemed for equivalent

in the dev roadmap so ved towards Waves platform.

gured for Waves so there into the system?

in at launch, and ETH soon ded too.

ter then NXT?

sides and you can enjoy then features of many blockchains at the same time.

Q: Will Supernet move its assets from NXT to Waves platform?

A: All assets will be able to migrate to the other blockchains, not only to Waves but also to Btcd blockchain, even to Btc after asset protocol is implemented in the code on the both sides. For example you will be able to migrate specific amounts of your assets to different blockchains at the same time and use features of SuperNET also. Waves blockchain will be “cooperating”(two-way transfer) all the time with all blockchains which implement new asset protocol.For the blockchains that don`t implement it, it will be one-way and one-time transfer only.

Q: I am still trying to understand how the token holders get a ROI, revenue streams etc A: Waves will be the fuel for everything in the platform, there will be options to ‘pay these fees’ with another currencies also, but in the background, everything is done with Waves. Revenue streams — by trading tokens which are backed by unique tech, fiat tokens and usage of the platform potential, full fledged crypto crowdfunding platform potential, mass adoption potential, financial license potential, project who would like to be on the waves platform will have to have some tokens most probably, full nodes incentives.

h emphasis on custom token Q: If I understand correctly, waves is some kind of Uphold alized trading, with deep fiat or Openledger with the main difference being the ability to unding, community-backed crowdfund? What’s your plan in order to compete with Kickstarter ? Lower fees ?

third-parties, payment A: WAVES is colored tokens blockchain platform, like NXT, ens on Waves blockchain will having its own blockchain and integrated decentralized exchange. Our unique selling point compared to Kickstarter is the ability to exit your pledge. If you pledge some funds to create a protocol for at kickstarter you have to wait for your product, you can’t blockchains. Imagine you transfer it to another user for example. Also you can start atform and would like to a campaign much faster on Waves then on Kickstarter, ed coins or Waves there are no moderators who approve your campaign. Of existing blokchains will be course the fees are much lower too, basically the fees are col is implemented on both zero, compared to Kickstarter fees.

accessible to the widest audience possible.

Wave Platform Vision

By Sasha Ivanov After the success of Ethereum project many people are asking us why we’re launching WAVES, cannot everything be done on Ethereum?

Obviously everything cannot be done on one platform, however versatile it might be. I would summarize our approach to be complementary to Ethereum. We are ascending from maybe more trivial problems, such as usability, flat learning curve for end-users, to more fundamental ones — such as consensus algorithms, reducing transaction times, scaling issues. We believe that current blockchain technology is “productionready” so to say, and should already be made

27

Why is it needed, maybe we should work on more fundamental things, and invent the killer blockchain app? In my opinion killer blockchain app is the blockchain itself! Decentralization that it provides could be a game-changer for many industries already now. Blockchain was revealed to the world as a technical foundation of decentralized money, and I find the part “decentralized” to be much more important than the “money” part in this phrase. So what we want to do is disrupt as many industries as we can by bringing existing blockchain technologies to their full potential, especially custom blockchain tokens creation, transfer and usage. We want to do for colored coins what Ethereum is doing for Bitcoin scripting, provide a complete solution. Blockchain tokens can represent any type of value, not just monetary value, thus they can be used in a multitude of ways — financial instruments, karma tokens, voting tokens, different types of

authorization and so on and so forth.

institutions.

On top of the obvious transparency reasons it Also there’s a tendency on the rise now which we could turn out to be much more cost-effective find to be quite disconcerting and controversial. than building some in-house permissioned I’m talking about the permissioned blockchains blockchains. approach. It might be quite useful in some corporate environments, for example for internal What can we offer to existing money accounting etc, but it can’t replace open, nontransmitters? We can offer them to enable permissioned blockchains, with unrestricted national currencies transfer on open blockchains. access. It is not yet quite clear which User can buy from them and sell to them fiat development direction mainstream blockchain blockchain tokens and move “traditional”, USD/ technology will take, it might be a pivotal EUR/CNY value on blockchain. Thus we obtain fiat moment for the technology development now — transfers based on decentralized technology with open vs permissioned blockchains, transparency all necessary KYC/AML, without which society vs limited, “permissioned” transparency. Our probably can’t function yet. vision is of a future fully decentralized, open cloud platform which will be used by all businesses as But we would have a possible solution for that too, an universal data storage and transaction by building the first decentralized reputation medium, some kind of a decentralized cloud to system in history. It will be based on the network which all humanity has access. We want to participant transaction activity and feedback from promote the agenda of openness and working on other users (realized through karma tokens public blockchains to existing financial transfer). It should pave the way for the future fully network itself will judge the trustworthiness of a network participant.

Reputation system is of a great importance for our decentralized crowdfunding platform too.

We believe that crowdfunding and community based projects are the most natural application of blockchain technology, and also the opposite is true — blockchains are the most natural environment for fund raising and open source, community based projects. Blockchains and colored coins can upend existing business practices in fund raising, internal company workflow, shareholder communications etc. Crowdfunding will move to the blockchain, since it provides some additional flexibility such as trading in crowdfunding tokens (providing project backers with an opportunity of early exit), distributed community management (decentralized voting), and the absence of a centralized point of failure (crowdfunding platform provider). At the same time it will allow crowdfunders and project backers to work with traditional money, in a compliant way.

Open blockchains can revolutionize traditional banking and finance and the way people do business in general. Almost everywhere people feel that it’s time for change, that traditional finance can’t work the way it works any longer. Open blockchain technology won’t dismantle and replace banks, it will make them evolve into more transparent institutions, with accountability ingrained deeply into their structure.

Let’s keep our minds and blockchains open. WAVES is about evolution and adoption, openness and equality. We will do our best to focus on mass adoption of blockchain technology through making it accessible to every Internet user, and hope that you follow us along this way.

WAVES ICO STRUCTURE AND TIMELINE Waves ICO will commence on April 12, 2016 and end on May 31, 2016 The total tokens supply stands at 100 milllion.

15 million tokens are reserved for bounties and the development team in the following proportions: - 1 million tokens will be distributed to early supporters. Please check additional details below.

- 1 million tokens are reserved for post-ICO bounties.

- 4 million tokens are reserved for strategical partners and backers - 9 million tokens are withheld by the development team.

The remaining 85 million tokens will be distributed in lCO procedure to participating users based on their contribution in the total amount of the raised funds. The sale procedure will be taking place at a special crowdsale website.

There will be discounts for early participants based on the following schedule: - First ICO day bonus. Users who buy WAVES tokens on April,12 receive a bonus of 20% - Users participating in the campaign before the end of April (April, 13 - April, 30) receive 10% bonus.

- May, 1 - May, 15 buys receive 5% bonus.

ICO ends on May, 31. After the ICO is over tokens can be withdrawn from the ICO platform.

DEVELOPMENT TIMELINE AND ICO TIMELINE - Lightweight Client and test net will be launched before the end of the crowdfunding campaign, in May 2016.

- Main net will be launched in late Summer - Fall 2016.

- The crowdfunding tokens can be traded at decentralized NXT Asset Exchange and centralized exchange partners before the Mainnet launches.

After its launch they will be converted to corresponding WAVES balances.

BOUNTIES Early supporters receive bounties for the following activities: - 200000 tokens reserved for following official WAVES account on Twitter - 200000 tokens reserved for joining official WAVES Facebook group - 100000 tokens reserved for translations and maintaining national WAVES threads - 200000 tokens reserved for subscribing to WAVES newsletter at wavesplatform.com website - 300000 tokens reserved for signature campaign participants at Bitcointalk.

The token distribution to supporters will take place after the end of ICO, WAVES support team will be contacting all participants and arranging the bonus transfer.

29

Vision A society based on self-determination, trust and cooperation which allows people to their full potential and to preserve ecosystems for all living beings.

Mission We encourage relationships where people can share their time, skills and resources, unconditionally. Through these connections and communities we prevent waste and raise awareness for a sustainable way of living.

What is yunity? yunity is a project that is developing a platform for sharing everything yunity is the platform that is being developed yunity is the community of people making it happen

Find out more at https://project.yunity.org

1st “Delaware” Company Cloned On Blockchain by J X STARR Remember back in the day when “IBM clones” were all the rage? It was heralded as a giant leap forward in the proliferation of home computing. In part because it knocked the gate wide open to increased competition and innovation in that sector. Nowadays hardly anyone has or uses an “IBM” personal computer and nearly everyone is running a device not manufactured by the “International Business Machines Corporation.” This is the case regardless of the operating system in use be it “Microsoft” or “Apple” or “Linux” based. The latter being open sourced with many “clones” or varieties.

The legal world is no different. Take for example the British Virgin Islands.

Sir Richard Branson’s Necker Island is situated in a jurisdiction which due to its size and proactive management has utilized cloning of the legal kind.

The International Business Companies Act, 1984 was largely modeled on the most successful tax haven in the World being in Vice-President Joseph Robinette “Joe” Biden, Jr. adopted home state of Delaware. The 1984 Act which is arguably antithetical to Eric Arthur Blair a/k/a George Orwell’s 1984 was replaced by the BVI Business Companies Act (No 16 of 2004) which was modeled after a

31

New Zealand statute according to Wikipedia.org.

If another jurisdiction and in particular if a foreign competing jurisdiction can engage in legal cloning why can’t individuals? Laws and most legal judgments are a matter of public record and are or should be in the public domain.

Do-It-Yourself company formation has been around for quite some time and in most cases small business owners seldom need the services of an Attorney to form popular entities such as the Limited Liability Company or the Business Corporation.

One of the easiest and most userfriendly jurisdictions is in the state which first boldly decriminalized marijuana. The Rocky Mountain state enables just about anyone with a willing Colorado registered agent or a valid Colorado street address for its residents to file in mere minutes and in most cases for as little as $50.00.

Occasionally they run $1.00 fee sale specials for Corporations and LLCs. Hint, hint, Mr. Williams!

Other states generally require a trip to the post office to mail in documents. The Sunshine state thankfully does not, but makes up for its lack of a state income tax by charging $125.00 to file. The process in Florida is not as instantaneous as it is in Colorado. Although Florida’s Limited Liability Company laws are some of the best and most seasoned in the United States since Tallahassee was the second state in the Union to enact Limited Liability Company legislation.

Florida essentially cloned its laws after former Vice-President Richard Bruce Cheney’s adopted home state of Wyoming which was the first to adopt LLC laws in order to limit the personal liability of oil and gas wildcats in the late 1970’s.

Unfortunately, Wyoming does not offer the kind of e-filing that its neighbor Colorado permits. The other drawback is the $100.00 filing fee for Corporations and LLCs which makes it more expensive than Delaware.

Except if you are a Corporation which could be subject to a Franchise Tax which Delaware imposes and Wyoming does not.

Both jurisdictions do require the filing of annual reports to the state for taxes. New Mexico does not have such an annual reporting requirement for Limited Liability Companies organized under its laws. A trip to the post office is sadly still a part of the deal to do business with Santa Fe.

In an age of digital just about everything, it is incredulous that greater technological innovations have not come to business law. The rise of Blockchain technology as evident by Bitcoin and now Ethereum along with other practical forms of disruptive decentralized technologies have ushered in a mad rush to “let’s decentralize everything possible.” One such example is my own citizenship in Bitnation. Yes, Bitnation is decentralizing the nation-state as we know it. Nobody is forced to join and everybody is free to leave. Bitnation is the epitome of a consensual nonabusive and voluntary relationship.

Just like the largest hotelier owns no hotels and the largest taxicab company owns no automobiles Bitnation to my knowledge owns no land.

Bitnation has a written Constitution like most countries, but it is the first to have done so on a blockchain. By design Bitnation does purposely lack a formal legislature and a formally codified body of laws because the choice of law is left up to the individual. Liberty and responsibility are twins.

As an entrepreneur that has spent thousands of euros on incorporation filing fees over the decades, I am dismayed by the fact there is no goldilocks jurisdiction. No combination of Colorado’s tech savvy registration with New Mexico’s lack of annual reporting to Wyoming’s “genesis block” with respect to limited liability

The “FUBU” or for us by us Court for the Fortune 500 and all of the rest of us wannabes.

of the business at greater risk for personal damages than had the enterprise limited its liability to the amount of capital its owners put into Anarcho-capitalists, blockchain it. Why should a government have a enthusiasts, the curious, the monopoly on the ability to provide this entrepreneurial, and increasingly just kind of personal protection? At least, about everyone in the know is raising if there is a right to contract. Why their own flags by launching can’t individuals draft agreements Decentralized Autonomous among or between themselves to Organizations or DAOs not to be accomplish the same goal? Better still necessarily confused with Daoism. why can’t individuals clone bodies of Apart from Bitnation companies like law? But somehow sun-drenched the startup Slock.It has embraced this tropical paradises with pearl white form of stateless entity formation. sandy beaches and crystal clear The concept and idea of stateless waters can do so with impunity. corporations and entities aren’t new, profound, or even revolutionary. In If Bitcoin lets us be our own bank then 2013 a company was formed by J.B. I propose being your own jurisdiction.

Allen called First Blockchain In fact, I have done so by forming a Incorporated. Stateless entities, in DAO of my own for my startup general, are not a new phenomenon. consultancy firm eponymously named.

Just ask the Romani people of today Without further ado, I’d like you to or the Jews prior to 1948. The Kurds meet the world’s first “Digital are another prime example and are Delaware Clone” or DDC which is a acting in several countries rather subset in the Decentralized autonomously in spite of inept Autonomous Organization centralized capitals hundreds of nomenclature and it is called J X kilometers away from their homeland. STARR PARTNERS. Unlike most other DAOs including Slock.It or whose Fundamentally individuals either have assets or tokens are listed on Omni, the right to contract, to assemble Counterparty, BitShares, NXT, or peacefully including for commercial elsewhere I have gone further by purposes or they do not. Most of the deliberately modeling my DAO after time sole proprietorships and the grand-daddy of business entities unincorporated businesses are the Delaware Corporation. permitted to carry on without formal registration even in the developed This was done when I specifically world. selected to insert language into my company’s founding document to read Unfortunately, such operations are “when applicable, feasible, necessary seldom scalable and put the principals and proper shall adhere to the

33

decorum and precepts of the Delaware General Corporation Law.” At which point I did clone the “DeoxyriboNucleic Acid” of Delaware’s company laws in 129 characters just under Twitter’s 140 character limit.

enough.

Free-market sages also champion usage of arbitration agencies such as the kind big players in the cable television, cell phone, and credit card industries routinely employ. This can Also unlike most other DAOs, I be a more cost-effective manner of proudly plaster my terrestrial mailing adjudicating controversies. Plus it address and I use it as the Registered unclogs the courts and depending on Office for the “Digital Delaware the circumstances can protect the Clone.” This gives my DAO more privacy of victims better as “meat” and more “teeth.” The reason proceedings are not necessarily for this is because a critically key published in the public record. component of being in business and Regrettably my favorite online based recognized as such is the ability to sue arbitration agencies namely Judge.Me and be sued. The processing of legal and eQuibbly.com are no longer papers electronically is still very much actively in business. So I was unable in its infancy. Not that I want to to insert their recommended encourage anyone to sue J X STARR arbitration clauses into my company’s PARTNERS, but hiding behind Tor founding document. browsers, generic contact forms, and private Whois listings doesn’t help My country Bitnation still does not someone with a legitimate grievance have its arbitration service up and or gripe. Not that I besmirch usage of running yet otherwise, I would have those services as they can be vital to selected to place it in my company’s keep purveyors safe and in some founding document. Instead, I opted cases alive. for a tech savvy tropical paradise and designated the London Court of The conventional responsa to the International Arbitration in Mauritius polemic I’ve put forth is that rating as the arbitration agency for J X and reputation systems will take care STARR PARTNERS. If cases can’t be of legitimate grievances. Think of a done online then a trip to a beautiful more comprehensive expanded country sure beats a trip to the cold version of Amazon, eBay, Ripoffreport. of Delaware or London. Granted, J X com, and Yelp. The theory holds that STARR PARTNERS is more of a proof people will vote with their money and of concept enterprise at this point and reward companies with independently so a beachside massage at Flic en Flac verifiable and trustworthy after wrapping up a case is probably reputations. Companies that mistreat out of the cards in the near future. customers will be publically shamed by a digital version of Arnold Diaz. Fair

Future clients of J X STARR PARTNERS will be able to reach us not only via email but the postal mail and, if necessary, can serve us with legal papers. They can take us to a task at a mediation and arbitration hearing.

These added layers of accountability, openness and transparency are only fitting with respect to the blockchain’s battle cry of trust nobody.

The entirety of J X STARR PARTNERS founding document has been signed at BlockSign.com, and then further recorded and notarized on the blockchain by Stampery.com and finally recorded an additional time as well as announced on “Twitter” by Originstamp.org. Moving forward I will incorporate usage of Bitnation’s Notary into my contracts and documents, it was simply easier to display the flowery aesthetically pleasing notarial certificate that Stampery.com generates.

have to file annual reports with anyone and will be far easier to maintain. I will not have to worry about it being administratively dissolved for failure to pay annual fees or having to pay a Registered Agent money each year. The “Certificate of Good Standing” will remain intact on the blockchain so long as the blockchain exists. The possibility of corporate identity theft is greatly diminished.

There is more information about my Digital Delaware Clone publicly available for free then there is for literally hundreds of thousands of entities currently registered in Delaware. Privacy is important and so too is openness and transparency. Let the individual in the market decide which is more valuable on a case by case basis.

Best of all I’ve saved my compatriots at Bitnation hours of mind-numbing debate about which series of Delaware does not require corporate laws to adopt or not in just Certificates of Incorporation to be 129 characters. In the near future, signed before a Notary. In fact, no there are likely to be “Digital American state has such a Seychelles Clones” and “Digital Cook requirement! As one that has been a Islands Trust Clones” among the many victim of identity theft several times, I other varieties. A one size fits all view my actions as a defensive move policy simply doesn’t and won’t cut it. to prevent myself from once again being victimized. This is why I Startups can now and should now notarized some of my personal vital avail themselves of the finest legal information in a fashion similar to code possible as well as that most that of the founding document for J X relevant to them.The new sector in STARR PARTNERS. the company formation industry will be that of coders not of javascript but My Digital Delaware Clone will not of law that will customize founding

35

lawyers and others will not. Be your own jurisdiction!

As for J X STARR PARTNERS since I am not yet skilled enough to create assets or tokens on Ethereum I used Colored Coins via Coinprism.com and NXT to issue stock. None of which is for sale due to the fact that this is a proof of concept enterprise at this stage and the fact I quite frankly donâ&#x20AC;&#x2122;t need the money. There are also regulatory considerations. However, more companies like Buongiorno Caffe from South Africa are likely to raise money through decentralized asset sales on venues like NXT and soon on Ethereum. For now, most crypto-assets are highly illiquid and suffer from low volume. This will change as awareness is raised and public interest is perked â&#x20AC;&#x201C; pun intended.

Who is going to create the second Digital Delaware Clone?

Source - https://medium.com/@jxstarr/1st-delaware-company-cloned-onblockchain-a0aad788ed4e#.yhee1e232

- Out Now -

core NEWS 1000 Crypto777 Assets Purchased With Iguana coming ever closer to release, CORE decided to take full advantage of those on the NXT Asset Exchange that were selling Crypto777 well below the IPO price of 100 NXT each. Crypto777 is an asset that represents the revenue generated by Iguana. We believe Crypto777 stands as one of the most underrated assets on the NXT Asset Exchange.

Support Sigwo's Latest Project - Influxcoin Sigwo, member of CORE, has begun an interesting new project by the name of Influxcoin. According to the website, "Influx is a X11 algorithm based coin with no pre-mine using a Pow+Pos Hybrid backend and designed specifically for CPU/GPU setups. Originally planned as just a Novelty coin to teach youngsters about Cryptocurrency, it quickly has eveolved into something much more. We have a passion for helping people with their computer needs and truly love being able to interact with the world. We are now working to obtain partnerships to use (INFX) for web services such as web hosting and other payment solutions pertaining to the vast web space."

We at CORE urge you to support Sigwo on his new endeavour. Influxcoin has already been added to Azure, as well as SuperNET's Multigateway. Influxcoin's success may have a positive effect on CORE and SigwoNET dividends.

Head to https://influxcoin.xyz/ for more infomation

37

CORE and Core Office Furniture Ideas Northern Territory Pty. Ltd. are pleased to announce finalized details regarding the COFINT token to be issued using the NXT asset exchange.

Total Asset Amount: 100,000 COFINT 1 COFINT asset is equal to 1 AUD during the initial distribution.

For the first seven days of April 2016, COFINT will be available to CORE holders who fit the following criteria at the corresponding rate: 10,000 + CORE - 10% discount 5,000 + CORE - 7.5% discount 1,000 + CORE - 5% discount 1000 - CORE - 2.5% discount The maximum purchase for each NXT account is 1 BTC. Subsequent offerings, if there are unsold assets following the initial offering, will be unscheduled. These offerings will not be discounted and a minimum of 1000 CORE will be required to participate.

- There are no COFINT Founders Shares. This means that CORE will not receive any free assets. However, CORE will invest 1 BTC in COFINT. CORE will also be looking to purchase more COFINT in the future.

- Interest payments for COFINT will be 3-5% monthly and paid weekly in superBTC. - 1 COFINT will be sol 1 AUD in BTC at launch. NOTE: Inital purchases are made in BTC not NXT. - All sales are manual, direct purchases only. Please contact mx on superNET or CORE slack.

- In order to sell COFINT you will need to create market on the NXT AE using NXT until Asset/BTC exchanges are available.

- Users will be required to send a NXT message from their account to confirm it is their account .

- The snapshot of accounts has already been taken prior to annoucement.

For infomation on COFINT go HERE

T

r

a

n

s

p

o

t

i

m

e

2

1

b

u

s

Chapter 7 In my personal experience House is a quite nice, generous, kind, trustworthy and very straightforward person. He will let you know what he is thinking, specially when he is drunk. He was not brought up to live in a bubble, in a magical world full of ponies but to shower you with good advice to free your mind from the daily routine.

It's megastastically important to understand House actions and you can bet your bottom bitcoin you will find him in the most dangerous spots, thats why his nickname is Freedom Fighter.

One day House decided to make a visit to a few banks to tell them how to open up to the world of cryptocurrencies and work together to make a better society where human beings are never ever again prisioner of their own money.

A few hours passed by of big fruitless effort trying to convince the banks of a new era of crypto working along FIAT. Freedom fighter decided to go home to rest and try the following day again becuase thats what a fighter does, fight and try again and again till they win the battle. So the next morming on his way to the banks he found himself surrounded by the police, army and people alike.

A policeman approached him with a gun and shouted at him Policeman: You are under arrest for promoting crypto projects via the Core magazine.

House: Let me give you a little inside information about banks, banks like to watch

39

and set the rules to bring money out of you, you get in debt, you get mentally ill because you are in debt for the rest of your life.

Policeman: Shut up, you are talking cryptononsense!

House: You have a lot to learn if you think you can torture me into crypto-silence.

Policeman: Who do you think you are?

House: What's that rumbling noise?

Policeman: Your empty belly?

House: No, it's the Dollar and the Pound turning into their future grave Policeman: This is your final warning, on your knees with your bitcoin up in the air!

House: Ok, take me in face like a pair of tits!

Come on! All I was doing yesterday with my visit to the banks was to say we only live once and all we do is to fight each other when we can do a lot of good things together.

Policeman: You are guilty until proven innocent!

House: Guilty because I chose to live one day in cryptoland and not to die labeled by the banks?

Policeman: Guilty because you are a threat to the banks! You got a Bitcoin in your hands, drop your weapon!

TO BE CONTINUED IN CHAPTER 8

Hard CORE Song

TOP 5 SUPERNET SLACK CHATS ludom I tell to french community But they don't trust you jl777 really? i am evil? ludom No, they don't know you jl777 the wallet addresses are published block explorers can be used people dont have to trust me to calculate NAV SN is the ONLY value investment in all of crypto

41

ludom French community of crypto don't know well what is SN That is true and great but SN is underground jl777 and the spread sheet was posted yes, I live 30 meters below the surface martismartis WHERE? jl777 cant tell, its dark outside

Todd 'Papi' Carlos via twitter Historians now say this famous photo of Hitler at a WWI rally is probably faked. Nothing to see here I guess.

pondsea

tosch this photo always confuses me is it a vitalik riddle? blackyblack the riddle is: what is in the bag?

transpotime21bus I am really happy to have a friend like mr_e I have known him for more than a year and knowing I got little IOTA he will give me 500,000 IOTA when is released. Here is proof of his kindness and good heart. Please be all witness of this and see attachment. So when the day comes you will see he kept his word

tosch the color scheme of his clothes irritates me peter2615 WTF @ vitalik pic bezbezbez Vitalik is love !!!

proto i bought 50 000 bbiota for 2 btc transpotime21bus proto as you are my friend as soon a mr e give me 500,000 IOTA I will give you half. I don't want to be greedy and I want to do the same gesture mr_e had with me. We all need to learn to share proto wow thanks @transpotime21bus, i would do the same to you ! yes we should learn to share more often

mr_e lmao you are a special guy:P To post the real context, or not to post the context.... that is the question transpotime21bus thanks mr_e for this gift mr_e anytime buddy:P proto wow lucky you transpotime21bus yes I know :simple_smile:

transpotime21bus its ok proto, you are welcome jl777 all this manlove stuff in random plz proto ok moved to random jl777 what happens in random, stays in random mr_e i don't subscribe to random, I find it too random jl777 should I create a #manlove for you guys?

You're invited http://slackinvite.supernet.org Channel #core-media

core View CORE's End of the Month Report HERE

core asset CORE is an asset listed on the NXT Asset Exchange. We generate revenue from multiple investments as well as "dynamic revenue" streams. CORE is a big believer in the NXT blockchain and SuperNET. SuperNET is difficult to define, however, in its simplest form it is a web of services centered around decentralized cryptocurrencies. CORE is also backed by gold, silver, USD and BTC while also investing in technologies which we believe are beneficial to humankind as a whole.

March CORE Dividend: Distribution of 3.0551 superBTC and 47587.30 NXT to 121 assetholders. 0.00000623 superBTC and 0.097 NXT per asset.

CORE ID: 18026565504333172181

core media asset www.coremedia.info CORE Media is an initiative that will give legitimate assets built on innovative platforms a megaphone to pitch their ideas to the world. CORE Media also has a range of writers dedicated to bringing the most up to date blockchain and asset news from across the globe, good or bad. As the internet is riddled with scams, CORE Media aims to praise legitimate assets and to shame scam assets. Along with our website, we have also issued a CORE Media asset on the NXT blockchain. Content that is created for the website will be paid for by this asset which creates another opportunity to bring returns for asset holders on a monthly basis. The CORE Team intends to create a vast network of media contacts inside and outside of crypto, acting as a bridge between the two worlds.

CORE Media ID: 1584198250936051677

43

PREVIOUS CORE MAGAZINE ISSUES

October 2015

November 2015

December 2015

January 2015

February 2016

March 2016

Like What You See? Subscribe!

CORE™ Copyright © 2016. All Rights Reserved. All Natural Rights Intact. All Intellectual Property Rights Maintained Ab Initio.