The IOTA vision explained in 2 minutes

The Tangle Vs. Blockchain Explained

Adblock kills journalism

Adblock was created to block popups and inappropriate banners. You won’t find that here!
I would be grateful if you’d whitelist my blog.
I’m trying to get a fair payment for my work, like everyone else.
Thanks, Limo

Category: Random

The incredible January

The incredible January

Hey Folks!

Lots of important stuff has happened since my last entry so time to sum it up for you! Fasten your seatbelts, IOTA is on its way to launch its rockets!

 


Light wallet is already in beta test

-The light wallet is already completed and beta tested while I’m writing. With this wallet, people are able to work with IOTA, conduct transactions and claim their IOTA’s but they don’t need to manually add neighbors. They just need to add one peer to be connected to the main net. This software is a big step to connect to a broader range of people especially if they are not that tech-affine or interested in spending too much time on adding neighbors.
As this service is not the focus for IOTA’s future in hindsight of its machine-economy, it is very important to get more people on board.
One successful point on the list to get ready for official exchanges.


Free server for the coming light wallet:

-@moodledidoodledi and @scottjp as the owner of www.iotasupport.com are happy to announce a newly set up server to provide users of the light wallet with a peer-IP.
Iotasupport.com is proudly supported by http://www.blockchain-research.de/ and would be grateful to get donations to keep up the support and service they provided for months now!
Iotasupport.com became a reliable source of information and provided help for countless people, so let’s help them out! These guys deserve it!


Mobile wallets are also beeing tested 

Needless to say that this mobile wallet is a big important addition to the software spectrum, the community has created. Great work Oliver, Sascha and Adrian!
The team behind http://iotawallet.info/ provided us with an important piece of software on the long road to mass adoption and the listing at exchanges so if you can spare a coin or two,
donate and show them some love!


@bahamapascal set up 6 nodes for a better network.

On behalf of the Blockchain research lab, Pascal took his time to set up 6 additional nodes for a better connection within the tangle. Great work!
If you struggle to find enough peers for your wallet, pm @bahamapascal in slack and share your (if possible) static-Ip with him to be a part of the tangle.

This also applies for all members of #nodesharing in the slack. If you need peers, pm people in nodesharing and share your IP.

The server costs were supported for 2 months by http://www.blockchain-research.de/ so I’m pretty sure Pascal would also be happy to get a few coins for his support and efforts for the upcoming months of support!


IOTA C# implementation.

Tomer Krisi (@Artik123) delivered an incredible piece of work: He just ported IOTA to C-Sharp.
This is a BIG step towards a better distribution, getting more developers into IOTA . Also: this was voluntarily done. What a great job!


New foundation-members

-Chris Skinner joined the IOTA foundation as an advisor! This is an invaluable addition to the already astonishing expertise, the IOTA foundation managed to bring together.

Also: Navin Ramachandran joined the IOTA Foundation: priceless!

 


Trading-bot:

-A new OTC bot provided with the excellent service of Yassin (@yassinnxt) is life to enable trading before IOTA is listed on official exchanges.
@come-from-beyond took his precious time and integrated this bot in slack.
This service was set up to provide a temporary solution as CORE is occupied with important tasks behind the curtain. The bot is pretty cool considering the automatic features it provides.

The OTC-bot service assisted by Yassin works as follows:

1. You send BTC or iotas to an address provided by Yassin (via private message)
2. Yassin executes a command to deposit the accordant amount to your balance tracked by the bot
3. You buy/sell iotas (this can happen as many times as you need)
4. You send Yassin an address to withdraw the earned BTC/iotas
5. Yassin adjusts your balance and sends real tokens to your address
6. Trades are taxed with 0% fee.
7. Deposits/withdrawals are charged with 1% fee (rounded up).
8. Min amount of a deposit/withdrawal is 10’000 microBTC/2 Gi.
9. To get instructions on how to trade iotas once you get your tokens on the balance type “HELP” on #trading channel.
10. As a precaution, you are advised to provide Yassin with an extra BTC and IOTA-address to be able to receive your funds once you left slack for different reasons, such as a ban or technical issues.
11. For each IOTA deposit, a new address must be generated. This is necessary to show the right balances for each entry listed by the bot.
12. For better usability, Gi and microBTC for fees are always rounded. (1Gi for 2GI-100Gi, 2Gi from >100Gi-200Gi and so on)

The service was tested with test tokens, but it is still possible that an undiscovered bug may lead to a loss of all your BTC/iotas, so we suggest to trade small amounts per session.

Example-trade:

1. Alice contacts @yassinnxt and says “I want to deposit 50 BTC”
2. She sends 50 BTC to an address provided by Yassin
3. Once 50 BTC are confirmed, Yassin types “GIVE 49.5 BTC TO @Alice (1% fee included)
4. Alice contacts Yassin and says “I want to withdraw 200 gigaiotas (Gi)”
5. Yassin executes “TAKE 200 Gi FROM @Alice”
6. Yassin sends 198 Gi to Alice
7. Alice contacts Yassin and says “I want to deposit 200 Gi”
8. She sends Yassin 200 Gi
9. Once 200 Gi are confirmed he types “GIVE 198 gigaiotas TO @Alice” (1% fee included)
10. Alice contacts Yassin and says “I want to withdraw 50 BTC”
11. Yassin types “TAKE 50 BTC FROM @Alice”
12. Yassin sends 49.5 BTC to her (1% fee included)


Also worth mentioning: 

-The newly created sandbox beta can be tested in #sandbox-beta

-@bahamapascal and @strongwares created a node-sharing manager. I will deliver more info about that when I tested this tool myself. Great work!

-Dom wants developers to start coding real PoC for bounties! If you are interested: Go into Slack and offer your help and I’m pretty sure he can provide you with some inspiration!

If you are capable and creative: Take this chance and become a part of IOTA! You won’t regret it.


Blockchain research!

The Blockchain Research Lab of the University of Hamburg is pleased to announce the first of our Blockchain Monitor surveys. It forms the basis for creating a sentiment index about blockchain use cases in finance.

Please help the Blockchain world by completing this survey: https://indivsurvey.com/blockchain-monitor/63983/hbgmb8

(and, of course, we would greatly appreciate if you help us to spread the link) – here we go!

 


So, all in all, we saw an unprecedented month so far and it’s just the 16th of January so I’m pretty excited to see the rest of it!

If you have questions or additions, feel free to contact me in the Slack at @limo

Have a good day!

 

 

image: http://www.universetoday.com/wp-content/uploads/2010/01/rocket.jpg

Sustainability through Innovation

Sustainability through Innovation


Hello world

Let’s draw a link between sustainability, which is the challenge of the 21. century, and innovation in the realm of the Internet of Things and Blockchains.

Bitcoin’s success was a combination of a pioneer-technology paired with the possibility to change the world’s financial problems; a solution where one currency replaces others.

Cryptocurrency as an object of speculation also generated several bubbles within the last years. Not surprisingly, many people’s involvement was incentivized by money, or worse, greed.

The diversification and evolution of Blockchains, however, lead to new fields where the incentive became innovation itself.

Sustainability in the field of IoT and Blockchains can be an important part of the challenges of the 21. century.

 

The Anthropocene

A good start for understanding the responsibilities of the future is to outline what has happened in the past and what will happen in the future; in this way, the history of mankind is important in understanding our recent issues.

This expansion is, other than seen in the animal kingdom, not necessarily driven by survival. Humans tend to take everything, wether they are required or not.

 

6a00d8341bf7f753ef01bb0851546f970d

 

The industrial revolution and the time that followed, including electrification, was and is the main reason scientists refer to the Anthropocene. The age, when humans became a part of the stratigraphic geology of the earth.

As part of this transformation, the energy consumption rose exponentially .

The extreme hunger for energy lead to the climate change, a problem people in the western world are still trying to fathom. Then there are people with no access to education or those who just don’t care.

While the carbon dioxide levels are rising, we still raise our annual energy consumption to new levels and run our power-plants with coal and natural gas.

Fortunately, we have an agenda in turning this problem into a solution.

 

The Energy Transition

“China set a world record, again, in 2015 by adding more installed capacity of both wind and solar in a single year than any other country (32.5 GW of wind and 18.3 GW of solar). By the fourth quarter of 2015, China overtook Germany with the largest installed capacity of solar power in the world (with a total of 43 GW).”
Heinrich Böll Foundation, 2016

 

One strategy to curtail the consequences of the climate change is the transition from fossil to renewable energy resources like wind-, water- and solar-energy.

The need of these new resources is revealed when we take a look at the carbon cycle of the earth, which is significantly affected by human emissions ( figure 1 below, earthobservatory.nasa.gov).

Approximately 9 billion tons of carbon a year are emitted by human activities.

 

carbon

 

The continuing industrialization beginning with the western world, which is now spreading through countless developing countries demands new solutions on a global scale, not just in certain areas of the world.

As mentioned, the first step is and will be the energy transition. The upcoming demands of billions of renewable energy-systems, the industrial transition to better technologies, in general, generates millions of new jobs and opportunities for the economy.

Considering the remaining need of heavy construction vehicles in the field of heavy industries, it’s likely to say that this energy transition will take time.

The economy will still depend on fossil resources as these systems are multi-spherical and not easy to change.

One way to accelerate this infrastructural transition is to change the energy-consumption on a local or personal level in our daily lives.

 

Intelligent consumption

 

Here is where innovative Blockchains can make a difference.

Let’s imagine a system functioning on a Blockchain, which is able to reduce the energy-consumption worldwide.  This system is able to replace countless other systems, where energy would be wasted.

This system would also be decentralized to prevent it from being captured or turned off.

A distributed network where a political decision wouldn’t matter because of no institution but the connected peers had the authority to change its behavior.

The first non-political system on a global scale, to unite humanity and to improve the life of billions of people.

Millions of sensors would observe climate conditions and as a consequence adjust climate control systems so that energy wastage would be prevented effectively.

These adaptive systems could be installed everywhere and on any device. The most prominent use-case would be adaptive streetlights.

We don’t need light were no one is walking or driving, so why wasting energy?

The installation of these innovative solutions could spare a lot of energy and money. As a positive feedback-loop of sustainability, this money could be used to built even more

renewable energy facilities.

Another big part of an environmentally friendly system would be to observe and detect humidity levels in soils.

Big agriculture farms are usually in sunny regions but as a matter of fact, sunny regions often cope with low levels of subterranean water which is not regenerative and decreasing fast (Figure 2, USGS).

 

gwdepletion-map-2008

 

Humidity-adaptive systems for modern irrigation of agriculture are therefor the only solution.

In the end, it’s the peoples choice to support those systems and the become a part of it.

To close the circle: Blockchains can be and will be an important part of the future and even if this vision is given with an aftertaste, not all Blockchains or tangles are the same!

 

Have a great day,

Limo

 

 

 

 

 

 

Genesis

Genesis

iota_invert

As the ecosystem of IOTA grows everyday I felt the need of a blog, to summarize all important information. No bells and whistles, just information.

As an active member of the IOTA-community, I will lay the focus on foundation-related news, as well as speculative-related information.

Feel free to visit me once in a while and spread the word if relevant news come up.

Have a good day!

Limo