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carry protocol 05.29

Carry Newsletter (2020.05)

Hello, members of the Carry Community!We are pleased to share with you the latest updates of the Carry project for May, 2020. While preparing for next month’s product launch, we participated in several external activities and community engagements this month. Let us share those below!Carry NewsAhead of the Carry service announcement next month, we had time to think about how the recent coronavirus pandemic can affect blockchain innovation and industry.│ Webinar by BiKi X SpaceTravel: Discussion on the Blockchain Innovation & Growth OpportunitiesCarry Co-CEO Richard Choi participated in the webinar hosted by SpaceTravel and BiKi Exchange, and spoke about “Blockchain Innovation & Growth Opportunities in the post-pandemic era”. More than 600 people registered beforehand attended the webinar and shared the questions live.Speaker Session by RichardFollowing the brief introduction of Carry and about himself, Richard discussed the future transition of traditional services to blockchain, using the Carry as an example. He shared his perspectives on how blockchain projects should be implemented in the offline world, emphasizing that successful adoption will start by stripping away complexities of the technology.The most important thing is that users do not care about technology that powers the service, as long as it works and provides them with enough value. The first feature of Carry will be announced and released next month to reach out to as many users as possible in Korea.Panel discussion: Bitcoin Halving, RegulationsAfter the speaker session, there was a panel discussion with Kevin Pang (advisor, SpaceTravel), Ethan Ng (CEO, BiKi Exchange), Nguyen Nhat Quang (COO, VIC), and Shashwat Gupta (Co-founder & CEO, Altcoin Buzz). Following the questions from the host Krissy, the panels shared their opinions on the impact of Bitcoin Halving and cryptocurrency regulations.When asked about his opinion on the market’s volatility and whether or not there is any measure or solutions to lower it, Richard stated that there is no way to sustainably decrease volatility for cryptocurrencies and that projects should embrace it instead. Regarding regulation, Richard stated that regulating cryptocurrency is the necessary first step in wide-spread adoption of blockchain and cryptocurrencies.According to Shashwat, what we witnessed recently was just a trailer of regulatory boundaries around the crypto world, and we could expect to see a huge regulatory change in the next 5 years or so. Also, Ethan added that by more strictly regulating cryptocurrency projects and even requiring exchanges to acquire licenses, governments can legitimize the industry and give more confidence to the users.│ Insight: How Carry will unfold its plans for mass adoptionThe recent discussion is a good reminder of how Carry will start to execute on its plans for mass adoption despite widely spread public sentiment of fear and uncertainty due to the global pandemic.The first Carry feature will be built right into the Dodo Point loyalty solution. Dodo Point sees regular and steady offline traffic and Carry’s data collection feature will be integrated with consumer’s Dodo Point app. This feature will reach millions of monthly users who do not even have to know what blockchain is. We monitor usage metrics upon days and weeks of initial release prior to releasing additional features.Stay tuned for our project update next month!Community EngagementCarry X Bananatok Community Airdrop & Quizzes (May 4th-8th)Carry participated in the community collaboration event with Bananatok, the blockchain social messenger, and had CRE airdrops & quizzes from May 4th to 8th, 19:15 KST every day with its global telegram community. +5,000 participants were able to receive CRE airdrops through Bananatok Wallet.2. SpaceTravel & BiKi Webinar Event (May 21–22)We opened a question form before the webinar and selected 5 best questions to answer after the panel discussion session. The winners will receive $20 worth MAC tokens by May 30th.> Read More3. Pundi X & CRE Payment 50% Discount for a Cup of Coffee (May 25th-June 28th)To showcase what cryptocurrency payments might be like as envisioned by our partner Pundi X, we are working with Pundi X and a cafe in Seoul for CRE payment promotion. This campaign provides a 50% discount for those who pay with CRE using Pundi X terminals at a local coffee shop “Offchain Cafe” in Hongdae, Seoul. If you pay with Carry tokens during the event period, we will return 50% of the amount your Pundi wallet on Wednesday, July 1st.Notice: Token Distribution AnnouncementWe announced through Upbit’s announcement channel that CRE token distribution for all investors is now completed. The token distribution for “private placement”, “pre-crowd contribution”, and “crowd contribution” is completed as of May 2020, and there will be no further distribution for contributors after May 2020.> Read moreProduct DevelopmentThe team is preparing for Carry data collection launch next month. While the product team is working hard to get the product out in time, marketing and operations team is preparing for launch activities. We will share more details next month. Please stay tuned until then.Thanks for your continued support!Team CarryCarry Newsletter (2020.05) was originally published in carryprotocol on Medium, where people are continuing the conversation by highlighting and responding to this story.

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carry protocol 05.29

Carry Newsletter (2020.05)

캐리 커뮤니티 여러분 안녕하세요! 캐리팀입니다.이번 달 캐리팀은 곧 발표할 서비스를 준비하면서 여러 외부 활동들에도 참여하였는데요, 그 중 가장 최근에 진행했던 세미나에서 함께 나눈 내용을 공유드리고자 합니다. 캐리의 2020년 5월 최신 뉴스를 아래에서 확인해보세요!Carry News최근 코로나 바이러스가 유행하고 있는 가운데, 이러한 상황이 블록체인 혁신과 업계에 어떤 영향을 미칠 수 있는지에 대해 논의하였습니다. 자세한 논의 내용은 아래에서 확인해주세요.│ BiKi X SpaceTravel와 함께한 웹 세미나: 블록체인의 혁신과 성장 기회캐리의 최재승 공동대표가 SpaceTravel과 BiKi 거래소가 주최하는 웹 세미나에 스피커로 참여해 “코로나 사태 이후 블록체인의 혁신과 성장 기회”에 대해 논의했습니다. 웹 세미나에는 사전등록한 600명 이상의 참가자들이 참석하여 실시간으로 질문하는 시간을 가졌습니다.스피커 세션: 최재승 대표이 날 최재승 대표는 기존 서비스들이 블록체인을 도입함으로써 앞으로 어떻게 변화할 수 있는지 캐리를 통해 설명했습니다. 최재승 대표는 블록체인 프로젝트가 오프라인 시장에서 어떤 식으로 구현되어야 하는지에 대해 설명하며, 블록체인의 복잡한 기술들을 서비스 제품 안에 잘 녹여내 기술이 눈에 띄지 않도록 구현하는 것이 중요하다고 강조했습니다.여기서 가장 주목할 점은 소비자는 서비스가 잘 작동하기만 하면 그것이 어떻게 구동되는지 크게 관심이 없다는 점입니다. 최재승 대표는 첫 번째 캐리 서비스를 다음달 발표할 예정이며, 한국에서 최대한 많은 사용자들을 확보하기 위해 최선을 다할 것이라고 밝혔습니다.패널 세션: 비트코인 반감기, 그리고 규제스피커 세션 후, 케빈 팽(어드바이저, SpaceTravel), 이단 응(CEO, BiKi 거래소), 응우옌 나트 꽝(COO, VIC), 샤쉬왓 굽타(공동 창업자 & CEO, Altcoin Buzz)와의 패널토론 세션이 있었습니다. SpaceTravel 크리스티의 진행에 따라 비트코인 반감기 이후의 영향과 암호화폐 규제에 대해 논의하는 시간을 가졌습니다.가격 변동성 문제와 변동성을 줄일 방법이 있는지에 대한 질문에 최재승 공동대표는 암호화폐의 가격 변동성을 지속적으로 낮출 수 있는 방법은 존재하지 않으며, 이것은 결국 프로젝트들이 안고갈 수밖에 없는 문제라고 설명했습니다. 그리고 암호화폐 시장에 대한 규제는 블록체인과 암호화페가 보편적으로 자리잡기 위해 필요한 첫 걸음이라고 언급했습니다.샤쉬왓 대표는 최근 논의되고 있는 암호화폐 규제들은 예고편에 불과할 것이며, 향후 5년 안에 격동적인 규제의 변화를 볼 수 있을 것이라고 말했습니다. 또한, 이든 COO는 암호화폐 프로젝트 규제를 강화하고 거래소가 규제에 따라 라이센스를 발급받으면, 정부는 합법적인 테두리 안에 산업을 육성시킬 수 있고 결국 사용자가 안심할 수 있게될 것이라는 의견을 내놓았습니다.│ 인사이트: 캐리 서비스는 대중들에게 어떤 식으로 다가갈 계획인가요?이번 토론은 코로나 유행으로 공포와 불안에 떨고있는 대중들에게 캐리를 어떤 식으로 소개해야 할지, 그 방법을 다시금 되새기는 기회가 될 수 있었습니다.첫 번째 캐리 서비스는 도도 포인트 로열티 솔루션에 접목될 예정입니다. 도도 포인트는 오프라인 매장 방문을 통한 트래픽이 꾸준히 발생하고 있으며, 캐리의 데이터 수집 서비스가 B2C 도도 포인트 서비스에 통합되어 이 데이터를 수집할 계획입니다. 이 서비스는 블록체인이 무엇인지조차 알지 못하는 월 100만 명의 사용자에게 도달할 것입니다. 캐리팀은 첫 번째 서비스 이후 추가적인 서비스를 발표하기 전에 첫 번째 캐리 서비스에서 수집된 데이터를 분석, 추후 활용할 수 있는 사용자 매트릭스를 먼저 정립하려 합니다.다음 달에도 또 다른 새로운 소식으로 찾아뵙겠습니다, 감사합니다!커뮤니티 소식캐리 X 바나나톡 커뮤니티 에어드랍 & 퀴즈 이벤트 (5월 4–8일)캐리가 5월 4일부터 8일까지 블록체인 SNS 바나나톡과의 커뮤니티 콜라보 이벤트를 진행해 에어드랍 & 퀴즈 이벤트를 진행했습니다. 5,000명 넘는 분들이 바나나톡 월렛을 통해 에어드랍 & 퀴즈 이벤트에 참가해주셨습니다.2. SpaceTravel & BiKi 웹 세미나 이벤트 (5월 21–22일)사전질문들 중 5개를 선정해 최재승 공동대표가 스피커 세션을 진행하였으며, 패널 토론에 참가하였습니다. 사전질문에 선정되신 분들은 5월 30일까지 $20상당의 MAC 토큰이 지급될 예정입니다.> 자세히 보기3. 시원한 여름, 상수동에서의 커피 한 잔 이벤트 (5월 25일~6월 28일)CRE 홀더분들의 시원한 여름을 위해 오프라인 결제 이벤트를 진행중입니다. 상수동 오프체인 카페에서 모든 상품을 대상으로 50% 할인된 가격에 구매하실 수 있습니다. X wallet을 통해 CRE로 결제하시면 7월 1일에 50%에 해당되는 금액이 개인 X wallet에 일괄적으로 페이백 됩니다.> 자세히 보기공시: 토큰 언락 공지업비트 공시를 통해 모든 투자자 대상의 CRE 언락이 종료되었음을 공지했습니다. 퍼블릭 세일즈, 프리 세일즈, 프라이빗 세일즈에 대한 물량 언락이 2020년 5월부로 모두 종료되었으며, 2020년 5월 이후 투자자 대상 물량 언락은 더 이상 없음을 공지합니다.> 자세히 보기프로덕트 개발캐리팀은 다음 달 발표할 캐리 데이터 수집 서비스를 준비중에 있습니다. 현재 개발팀은 다음달 서비스 발표를 목표로 열심히 개발에 임하고 있으며, 마케팅팀과 운영팀은 런칭 이벤트를 준비중에 있습니다. 이와 관련한 자세한 사항은 다음달에 공유드리겠습니다. 많은 관심과 기대 부탁드리겠습니다.감사합니다, 앞으로도 많은 활동 기대해주세요!Carry Newsletter (2020.05) was originally published in carryprotocol on Medium, where people are continuing the conversation by highlighting and responding to this story.

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Ontology 05.29

On the Move: New Adoption of Ontology in the New Energy Logistics Vehicle Industry

With the increasing concerns on air pollution and energy safety, new energy vehicles (NEVs) start to transform the car industry.Today, we are very pleased to announce our cooperation with Kaiyun Delivery, a comprehensive logistics service provider focusing on urban transportation and terminal-end deliveries.This cooperation will be an innovative step for Ontology to empower the new energy vehicle industry with its blockchain technology, improve the efficiency of urban deliveries, and lower the execution costs.Ontology provides full tech support to Kaiyun Delivery to accelerate the integration of resources on all levels, digitize the behaviors of the participants of the entire chain, enabling information sharing at all links, creating mutual trust among multiple parties, and fully mobilizing industry resources to form a more efficient and easy-to-use transport capacity model.To be more specific, Kaiyun will fully utilize the leading technologies and resources of Ontology in the blockchain industry, record all related data on the Ontology blockchain via a customized decentralized application (dApp).With the Kaiyun home delivery system, one can check the location of vehicles, drivers, track vehicle paths, and product status in real-time. This helps companies better analyze real-time operations and carry out precise capacity allocation, greatly improving efficiency.The delivery drivers’ behavior information will also be recorded on the blockchain so that their own safety and rights are effectively guaranteed, and at the same time, it provides a scientific reference for the business-level customized delivery system.The delivery status of the delivered goods can be checked in real-time, and any changes in the vehicle paths, temperature, and humidity of the cargo box will be fully transparent which shall lead to greater user experience for the recipients.Furthermore, Ontology and Kaiyun Delivery will jointly formulate specific plans to improve the transport capacity, promoting the launch of dApps and product iterations, and continue to explore the new future of blockchain to empower the new energy vehicle industry and transportation industry.Ontology will continue to further its progress in transforming traditional industries with its blockchain technology, make it possible for them to break through into the new era.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOn the Move: New Adoption of Ontology in the New Energy Logistics Vehicle Industry was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

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Ontology Gas 05.29

On the Move: New Adoption of Ontology in the New Energy Logistics Vehicle Industry

With the increasing concerns on air pollution and energy safety, new energy vehicles (NEVs) start to transform the car industry.Today, we are very pleased to announce our cooperation with Kaiyun Delivery, a comprehensive logistics service provider focusing on urban transportation and terminal-end deliveries.This cooperation will be an innovative step for Ontology to empower the new energy vehicle industry with its blockchain technology, improve the efficiency of urban deliveries, and lower the execution costs.Ontology provides full tech support to Kaiyun Delivery to accelerate the integration of resources on all levels, digitize the behaviors of the participants of the entire chain, enabling information sharing at all links, creating mutual trust among multiple parties, and fully mobilizing industry resources to form a more efficient and easy-to-use transport capacity model.To be more specific, Kaiyun will fully utilize the leading technologies and resources of Ontology in the blockchain industry, record all related data on the Ontology blockchain via a customized decentralized application (dApp).With the Kaiyun home delivery system, one can check the location of vehicles, drivers, track vehicle paths, and product status in real-time. This helps companies better analyze real-time operations and carry out precise capacity allocation, greatly improving efficiency.The delivery drivers’ behavior information will also be recorded on the blockchain so that their own safety and rights are effectively guaranteed, and at the same time, it provides a scientific reference for the business-level customized delivery system.The delivery status of the delivered goods can be checked in real-time, and any changes in the vehicle paths, temperature, and humidity of the cargo box will be fully transparent which shall lead to greater user experience for the recipients.Furthermore, Ontology and Kaiyun Delivery will jointly formulate specific plans to improve the transport capacity, promoting the launch of dApps and product iterations, and continue to explore the new future of blockchain to empower the new energy vehicle industry and transportation industry.Ontology will continue to further its progress in transforming traditional industries with its blockchain technology, make it possible for them to break through into the new era.Find Ontology elsewhereOntology website / Ontology GitHub / ONTO website / OWallet (GitHub)Telegram (English) / DiscordTwitter / Reddit / Facebook / LinkedInOn the Move: New Adoption of Ontology in the New Energy Logistics Vehicle Industry was originally published in OntologyNetwork on Medium, where people are continuing the conversation by highlighting and responding to this story.

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Klaytn 05.29

Klaytn’s New DevTools Partnership Announcement

Today we are excited to announce a new partnership program: ‘DevTools Partners.’The first partner to join is Ozys, which has earlier participated in the Klaytn ecosystem to build a decentralized token swap tool called ‘Klaytn Swap’ using its ‘Orbit Chain.’ Through the new devtools partnership, Ozys plans to build various blockchain-based protocols and modules for the Klaytn ecosystem.Ozys will first work on enhancing ‘Klaytnscope,’ the block explorer that monitors block activities on the Klaytn platform. It will also optimize ‘Klaytn IDE,’ the web-based compiler that allows developers to build Klaytn smart contracts without installing a separate development tool. Further, Ozys will develop more protocols that can organically connect Klaytn network, blockchain applications, and users.“We are happy to continue working with Klaytn as its devtools partner, and we will actively participate in and contribute to the Klaytn ecosystem by building useful developer tools and protocols.” — T.K. Park, the CEO of OzysWe will offer active support for Ozys including development support and co-marketing programs.Thank you.[About Klaytn]Klaytn is a global public blockchain platform developed by Ground X, the blockchain affiliate of the leading South Korean Internet company, Kakao. Klaytn is a service-centric blockchain platform providing intuitive development environment and friendly end-user experience. It is built upon solid reliability and significant stability with substantial service development for mass adoption. The platform allows real world applications of large scale to be produced right away so that our end-users can make full use of services without much expertise in blockchain or cryptocurrency.[Klaytn official community]http://www.klaytn.comhttp://twitter.com/klaytn_officialhttps://www.facebook.com/klaytn.official/https://www.linkedin.com/company/klaytnhttps://www.facebook.com/groups/klaytndevelopers/Klaytn’s New DevTools Partnership Announcement was originally published in Klaytn on Medium, where people are continuing the conversation by highlighting and responding to this story.

1

BEAM 05.29

Eager Electron 5.09146.2863  —  Release Notes

Eager Electron 5.0.9146.2863 — Release NotesRelease Date: May 28th, 2020IMPORTANT: Before upgrading to 5.0 all Atomic Swaps need to be concluded or cancelled and all open Laser Beam channels need to be closed!This 5.0 (Eager Electron) release paves the way for Beam towards a confidential finance ecosystem, enabling multiple features in CLI that will be introduced later in UI wallets such as confidential assets, breaking linkability, and many others.After Beam blockchain reaches the block 777777 the upgrade to 5.0 is mandatory to access your funds.Important information for Exchanges and Mining Pools: Confidential Assets-related functionality (e.g. send/receive etc.) is disabled by default. To enable explicitly, use - enable_assets command-line option when running BEAM API or BEAM wallet CLI. Please read the complete tutorial here.Features:[miner, node] BeamHash III - the new, the great, and the last POW algorithm for Beam[cli] Break transactions linkability with Lelantus MW (for Beam and any CA)[cli] Non-interactive transactions[cli, api] Issue, burn and transfer Confidential Assets (disabled by default)Improvements:[node] Added an option to manually specify preferred peers for rare edge cases[api] The number of confirmations is now available to the transaction sender and receiver[desktop wallet] Introduced new and more informative “failing” status for Atomic Swaps when the transaction is rolling back[desktop wallet] The default offer expiration for Atomic Swaps was extended from 30 minutes to 12hFixes:[desktop wallet] Wallet update notification will not be displayed if a wallet was… (surprise) already updated.[api] swap_offer_list command provides the list of offers as expected.Other:[desktop wallet] Infrastructure change: the UI code was extracted to a separate repository to speed-up the development and QA process in the futureKnown limitations:When using active laser beam channels the wallet should not be offline for over 24 hoursAtomic Swaps of Confidential Assets with BEAM/BTC/LTC/QTUM will be released later onPoints to mention:In case a mobile wallet is connected to a random node and the user has both mobile and desktop wallets that are using the same seed phrase, the funds sent to the desktop wallet won’t appear on the mobile wallet. If the desktop wallet is running a local node, it will see funds sent to both wallets. The reason is that the local node (integrated into the desktop wallet) always monitors the blockchain for UTXOs related to the seed of the wallet. The mobile wallet does not run a local node and thus can only monitor transactions sent to its specific SBBS addresses. Of course, no funds will be lost in any event.BEAM wallets won’t display received Confidential Assets and amounts kept in the shielded pool. Please use CLI or API till the future notice.For a more comprehensive list of the tasks accomplished please read here: https://github.com/BeamMW/beam/projects/28Verifying release binariesPGP key: “A6C6 2C9F 5593 1860 AFF8 3BBB 997E AB9F 3DF7 F375”1. Go to https://keybase.io/beammw and get the Public PGP key.2. Download the signed binary file (with extension .asc) you want to verify.3. Verify the signature using PGP Suite or any other PGP verification toolsCome discover Beam and join our community!Download Beam Desktop Wallet hereDownload Beam iOS Wallet on App StoreDownload Beam Android Wallet on Google PlayLearn more about Beam on our website and blogTelegram: t.me/BeamPrivacyQQ Beam 中国官方社区: https://jq.qq.com/?_wv=1027&k=5Mbs8N4Reddit: reddit.com/r/beamprivacy/Twitter: twitter.com/beamprivacyEager Electron 5.09146.2863  —  Release Notes was originally published in BEAM-MW on Medium, where people are continuing the conversation by highlighting and responding to this story.

3

NOIA 05.29

Mid-Year Update From NOIA Co-Founders

With our business gaining traction with global tech partners, there has never been a better time to update the NOIA community on our core strategy, technological milestones, token utility model, and progress surrounding our proprietary Distributed Autonomous Routing Protocol (DARP).Our team has worked tirelessly in 2020, and we expect to deliver on several valuable goals by the end of the year. To dive deeper into NOIA’s key challenges and opportunities, we gathered our founding team to deliver personal updates on what we’re working on, why it’s so valuable, and what to expect in the near future.As always, our entire team is available to answer any questions via our Telegram Channel.Business OverviewNOIA CEO Domas Povilauskas covers how and why we built the world’s most advanced networking technology, charting the potential for our market solution, with details on where we are dedicating resources this year.https://medium.com/media/8322a24f10c91962ee75327ba9e3c993/hrefTech OverviewNOIA CTO Jonas Simanavicius dives into our biggest technological achievements to date, with a detailed walk-through of our SDN and the NOIA Platform, which brings our technology to large enterprises around the world, establishing immediate demand for our network and token.https://medium.com/media/37cc68d0a83d0564b010aee51f96bc13/hrefToken UtilityNOIA COO Domantas Jaskunas reviews the NOIA token’s place and purpose within our entire tech ecosystem. Holding NOIA tokens is comparable to owning a piece of the NOIA economy, and we’re working with leading experts to align the token’s utility with adoption of our network.https://medium.com/media/d41a5be9dd0016262f36c7d53d0818b8/hrefDistributed Autonomous Routing Protocol (DARP)NOIA Chief Tech Liaison Bill Norton demonstrates recent advancements in our proprietary DARP technology, highlighting its value to NOIA’s large SRv6 backbone, and its potential to become the standard mechanism for connecting to the public internet.https://medium.com/media/7074836643357cb4f45adc7f9cbcb1b6/hrefJoin NOIA Network’s AMA SessionOn Monday, the first day of summer, NOIA Network will be hosting an AMA session. Our co-founders look forward to your questions. See you soon!Place: NOIA Network Telegram ChannelTime: 1 June 2020, 4 pm (UTC)Mid-Year Update From NOIA Co-Founders was originally published in NOIA on Medium, where people are continuing the conversation by highlighting and responding to this story.

3

BEAM 05.28

We Asked, You Answered

Earlier this week, we asked the community an important question regarding Confidential Assets, which will be activated in the upcoming Hard Fork, with integration in the GUI wallet to soon follow.This is an important milestone for Beam, in paving the way to a fully fledged confidential DeFi ecosystem. Confidential Assets will benefit from the scalability, privacy, and usability that Beam benefits from. They will also be easily tradable via atomic swaps, with both Beam, and supported currencies, right from within the wallet.Not only do the Confidential Assets benefit from Beam’s already sensational features, but those introduced post fork, and into the future. They will also open the doors for some incredible use cases to come to fruition. From Confidential Synthetics like gold, to digital assets like stocks, and bonds, to Confidential Wrapped Assets such as BTC and ETH, the possibilities are endless.This being said, they also introduce the possibility that the chain is bogged down with needless assets, with little use and innovation, much like the thousands of erc20 tokens on Ethereum. In order to combat this, an amount of BEAM will be required to issue a new asset on top of Beam, and this is where we took it to the community.We opened a survey, to get the communities input on how many Beams should be locked in order to create an asset. Let’s take a look at what the community said…The numbers:Range:0.01 BEAM - 1000000000 Beam :DWeighted Average (with outliers removed):3143.902439The Questions:There were a number of great questions regarding the lock amount, and ideas on how to make it work. Below are the most common questions that the community asked.Can the lock amount be denominated in USD, rather than BEAM? This could not be done without introducing a central point of control and potential failure. For this reason, we did not consider this as a viable option for asset issuance.Can the lock amount reduce over time? This adds more complexity to the lock model, and in a sense, potentially disincentivizes early adopters of Confidential Assets, as the amount of BEAM required would reduce with time.What if the price of BEAM is to increase and thus make confidential asset issuance unaffordable? The BEAM lock amount for Confidential Assets will be set after the upcoming Hard Fork. This does not mean the amount will stay the same forever, but to change it will require a Hard Fork.What if developers are unable to put up the lock amount for confidential asset issuance? If this happens, there will be the opportunity in the future to provide grants for serious projects looking to issue assets on Beam.So with all that out the way… what is the lock amount?Given that the question was put to the community, the best decision seems to be to make that voice heard.The lock amount for Beam Confidential Assets will be set at 3000 BEAM.This figure is inline with the weighted average from the community survey, putting the outcome in all of our hands. It is an absolute privilege to have such a strong, supportive community, willing to engage in discourse of the pros and cons of such things, and this is something that will be happening a lot more moving forward.Team BeamContactAny feedback? Any question? Any concern or problem?Contact Team Beam:Telegram Support ChannelTelegram Community ChannelEmail SupportCome discover Beam and join our community!Download Beam Android Wallet on Google PlayDownload Beam iOS Wallet on App StoreLearn more about Beam on our website and blogTelegram: t.me/BeamPrivacyQQ Beam 中国官方社区: https://jq.qq.com/?_wv=1027&k=5Mbs8N4Reddit: reddit.com/r/beamprivacy/Twitter: twitter.com/beamprivacyWe Asked, You Answered was originally published in BEAM-MW on Medium, where people are continuing the conversation by highlighting and responding to this story.

3

TROY Trade 05.28

$TROY New Listing on HBTC & Further Business Partnership with BlueHelix

$TROY will be officially listed on HBTC. Deposit and withdrawal will be open at 19:00 PM on May 28th Singapore Time (UTC+8) and trade opens at 21:00 PM on May 29th Singapore Time (UTC+8) for trading pairs of TROY/BTC & TROY/USDT.Special Reminder: TROY listing on HBTC is TROY ERC20.TROY and BlueHelix have been maintaining sound cooperation for both spot trading and contract trading, including sharing trading depth and market making services. To further the collaboration between the two parties, TROY will initiate full-scale cooperation with BlueHelix regarding Broker SaaS services, such as listing services and trade-flow sharing etc. Both sides will put joint efforts in building the Integrated Cryptocurrency SaaS Platform, providing broker SaaS services with higher quality, liquidity and security for worldwide clients.TROY Team2020/5/28About HBTCHBTC exchange is 100% Token Holder Owned Trading Platform, jointly invested by Huobi, OKEx and other 56 first class institutions. After nearly two years of smooth operation, HBTC is now able to provide customers with spot, contract, OTC, options and other services, with additionally first tier liquidity of mainstream currency and contract trading on the platform.About BluehelixBluehelix, the world’s leading blockchain financial information technology service provider, is committed to providing professional technical support and services to customers. At this stage, it has provided blockchain fintech to over 240 well-known companies around the world, including the exchange SaaS system, innovative financial derivatives, and liquidity services, helping partners quickly realize business value in the rapidly developing and competitive market .About TROYTroy Trade is a global prime broker specialized in crypto asset trading and asset management. We provide crypto brokerage services for institutional-grade capital and professional traders with revolutionary trading products.Contact UsTelegram: https://t.me/troytrade_officialTwitter: https://twitter.com/troytradeOfficial website: https://troytrade.comKakaoTalk: https://open.kakao.com/o/g3D01QSbBD mailbox: business@troytrade.com$TROY New Listing on HBTC & Further Business Partnership with BlueHelix was originally published in TROY TRADE on Medium, where people are continuing the conversation by highlighting and responding to this story.

4

Fleta 05.28

Welcome, FLETA’s Music Street Is On-Air!

FLETA’s Wallet Street has launched a new service, Music Street. It is a 24/7 music streaming service on Youtube. It provides chill and relaxing music for work, study, relaxing at a cafe etc. You can enjoy free music anytime with Music Street!What is especially distinctive about Music Street is that you can get a reward if you listen to its music frequently.On the upper side of the video, you can see an alphabet and question marks. They are altogether a code of Amazon eGift card. Amazon eGift card code is a combination of 16 alphabets and numbers, and it is open to all listeners.The reward for the listeners is $10~$1000 Amazon eGift card, and its code will be revealed one by one while streaming. The first number of codes will be revealed at 8:00 GMT. Other numbers will be shown one by one every hour. As you can see in the image, question marks are veiled numbers, and A is revealed number.To get the reward, you should listen to music often and check all the numbers. Only one person can win the reward, so you should also be quick!🌟How to redeem $10~$1000 Amazon eGift card:Go to Amazon website and sign in. Click ‘Your Account’ of Account & Lists2. Go to ‘Gift Cards’3. Click ‘Redeem a Gift Card’4. Enter the code you got and click ‘Apply to your balance’Music Street is also advertised on FHL Games’ Kaybo.com, one of the biggest content publishing platforms of Latin America. Music Street is part of the cooperation of FLETA and FHL Games as strategic partners. The details of the partnership are explained here.Please subscribe: http://youtube.com/c/musicstreet247Please listen: https://www.youtube.com/watch?v=z6pTUlgo4CwPlease join: https://walletstreet.io/enThank you.***Feel free to join and connect with us through any of our official channels below:Website: https://fleta.ioTwitter: https://twitter.com/fletachainTelegram: https://t.me/FLETAofficialGroupGithub: https://github.com/fletaioWelcome, FLETA’s Music Street Is On-Air! was originally published in FLETA on Medium, where people are continuing the conversation by highlighting and responding to this story.

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TROY Trade 05.28

TROY Collaborates with COTI to Improve Scalability

TROY, the global prime broker specialized in crypto trading and asset management, is proud to announce a strategic partnership with COTI, the ultimate power grid of payments, and the first enterprise-grade Fintech platform that empowers organizations to build their own payment solution and digitize any currency to save time and money. COTI now is also the fourteenth member of the “Global Ecological Community Program” launched by TROY, which is designed to break the trading barriers of crypto assets and build a frictionless, integrated crypto asset trading ecosystem.TROY, derived from Troy Network, will work closely with COTI in devoting R&D resources towards research and development of digital payment solutions upon the decentralized trading and settlement protocol. Through this partnership, TROY could adopt COTI’s novel and advanced multi-DAG data structure to improve scalability, processing over 100,000 transactions per second (TPS). Simultaneously, TROY could provide COTI with the most promising application scenarios, like trading marketplace and settlement network.In Troy Network, the whole system architecture consists of four layers, including the public chain protocol layer, the off-chain trading layer, the settlement network layer and the application layer. In order to improve users’ trading experience and further enhance the privacy protection, Troy Network will deploy a public chain settlement protocol, which adopts Multi-DAG scaling technologies from COTI as the keystone. In the off-chain trading and settlement layer, Troy Network will improve the scalability and usability by actively applying the mature off-chain scaling technology to the trading process.About TROYTroy Trade is a global prime broker specialized in crypto asset trading and asset management. We provide crypto brokerage services for institutional-grade capital and professional traders with revolutionary trading products.Contact UsTelegram: https://t.me/troytrade_officialTwitter: https://twitter.com/troytradeOfficial website: https://troytrade.comKakaoTalk: https://open.kakao.com/o/g3D01QSbBD mailbox: business@troytrade.comTROY Collaborates with COTI to Improve Scalability was originally published in TROY TRADE on Medium, where people are continuing the conversation by highlighting and responding to this story.

4

NAV 05.28

NavCoin Core 5.5.0 — DAO Extension

NavCoin Core 5.5.0 — DAO ExtensionNavCoin Core 5.0.0 — DAO ExtensionThis major release includes multiple soft forks which will extend the NavCoin DAO and enable the community to not only vote on the allocation of the decentralised fund, but also vote on the network consensus parameters changes as well as a non binding onchain voting mechanism called consultations.By downloading and installing this new version of software you will be automatically voting “yes” for the included soft forks. To vote “no” you can set rejectversionbit=X in your config file, replacing X with the version bit number you wish to reject.Once a soft fork reaches consensus, it will be activated on the network 1 period after being accepted at which point everyone running navcoin core whether you’re mining or not, will need to upgrade to this version.You can keep track of the soft fork voting progress on the block explorer.https://www.navexplorer.com/soft-forksOn top of the DAO Extensions, there are some interesting upgrades including Dandelion++ which is one of the components of NavCoin’s new privacy protocol BLS Confidential Transactions.For more info, check out the release notes below;DAO Extension<Pull Request 530>This PR includes a series of Deployment Proposals as described in https://www.reddit.com/r/NavCoin/comments/bs4pvn/proposal_for_the_extension_of_the_community_fund/:Adds support for abstaining in the votings. (Version Bit 19) — includes functional testEnables voting state cache, reducing the amount of votes which need to be broadcasted down to 1 per address. (Version Bit 22) — does not include specific functional test, but old fund tests pass having this deployment activatedEnables DAO consultations. (Version Bit 23) — includes functional testEnables modification of consensus parameters through DAO consultations. (Version Bit 25) — includes functional testEnables voting delegation and voting from light wallets. (Version bit 27) — includes functional testAllows fund proposals to have a different address for signing the payment requests and for receiving the payment. This allows to use arbitrary scripts as payment addresses, like multisig addresses. When the payment address differs from the owner address, the first will be specified using the p parameter on the JSON object embedded on the strDZeel property of the transaction.Includes UI to manage the new DAO features.Dandelion++<Pull Request 588>This PR adds support for Dandelion as described in https://github.com/bitcoin/bips/blob/master/bip-0156.mediawikiMnemonic startup GUI<Pull Request 659>This PR adds a Startup GUI which allows for the ability to restore and create wallets with Mnemonic words. Mnemonic words are like a read readable master key for BIP32 a bitcoin proposal to make key generation derived from one key or a masterkey instead of being randomly created as before hand.More InformationFor the full release notes please visit the Community Fund Stability Patches release tag on GitHub.To download the NavCoin Core 5.0.0 please visit the Wallet Downloads page.NavCoin Core 5.5.0 — DAO Extension was originally published in NavCoin Collective on Medium, where people are continuing the conversation by highlighting and responding to this story.

4

NAV 05.28

“Who will Watch the Watchmen?” — Why Privacy Matters to NavCoin and Why We Are Bringing it Back

“Who Will Watch the Watchmen?” — Why Privacy Matters to NavCoin and Why We Are Bringing it BackNavCoin has never made a secret of the fact that we believe strongly in the privacy rights of individuals. It is with no irony whatsoever then, that we would like to proclaim our latest announcement from the rooftops:After years of wait, NavCoin is closer to see its privacy-preserving features restored! Work upon the new protocol, BLSCT — designed from scratch by our engineers — has completed another major milestone and will be soon ready for testnet deployment!From A to B, via X, Y and ZIn the beginning, there was NavTech. This first method of making NAV transactions private showed much early promise but, after much deliberation, was scaled down in favor of the advancement of other solutions.ZeroCT, based upon Zerocoin, was the next avenue previously explored. This method of obfuscating transaction amounts with the addition of confidential transactions combined with the shielding characteristics of Zerocoin offered a very high level of privacy. Sadly, when it came to testing time for this solution and it was implemented in a testnet environment, a flaw in the original protocol was found.And so, with renewed vigor, it was back to the drawing board. Led by 0x2830 -the latest addition to the NavCoin development team — completion of the protocol has been a gargantuan task. After many months in the making though, now, BLSCT (Boneh-Lynn-Shacham Confidential Transactions), is almost ready to deploy!How does it work?In a sentence, BLSCT uses a combination of BLS signatures (which assist shielding the origin of a transaction), Confidential Transactions (which shield the amount being transacted) and Stealth Addresses (which add complete privacy for the missing part, the receiver).The use of BLS signatures has many benefits, both for user and network. By blending the transactions occurring inside of a block, tracing the identity of the transaction maker is made almost impossible. A user could send multiple transactions in fact, and any potentially prying eyes would be unable to infer any obvious connections between them. They are aggregated and this aggregation is possible with any number of transactions. Also, because only a single signature is required per block, and not each input, it is great for keeping NavCoin scalable for years to come.Photo by 𝓴𝓘𝓡𝓚 𝕝𝔸𝕀 on UnsplashUsing BLSCT has other advantages too! When a user first sends a transaction, they can choose whether to coalesce their coins with others before sending. At this point, their wallet will send an anonymous request using Dandelion++ for coins from other nodes. Once the session is broadcasted, those nodes connect together anonymously through Tor. Then the sender selects several coins at random from the responses received, jumbles them together with the original user’s coins, and only then, are the coins sent to the network. In this way, the user who requires true privacy is enabled with this, and those that provide liquidity to the mixing-process receive a fee for their service, earning a completely passive income and increasing their balance!How far away are we?At the time of writing (May 18th, 2020) we are entering the final furlong of this marathon development mission. Support for private transactions is in place and ready to go. It is possible to send and receive both private and public coins. Wallet support for creation and validation of these types of transactions is complete, and the GUI for them (sending, receiving, histories, and balance) is finished.And now, with the completion of P2P mixing features, integration of BLSCT is within arms reach. As of today, users can download, build, and test the features of BLSCT in a private local network environment. Just head over to Github!The last major task to complete is the integration of GUI and RPC commands and the addition of test units. Once these remaining items are ticked from the to-do list, BLSCT private transactions will be ready for battle on testnet, and assuming no hiccups en route, mainnet release should follow shortly thereafter.Photo by Markus Spiske on UnsplashThe reason why privacy matters.Why is it then, that NavCoin believes privacy features to be such an important achievement? Afterall;What exactly is in a name?An internet browsing history?The details of your finances?Photo by Ev on UnsplashThere is a common old saying that dictates; ‘only the guilty have anything to hide’. When it comes to our personal information though, nowadays, more and more of us are realizing that this adage simply does not hold. If it did, then perhaps, it would be better if our boss were able to know when we’ve had one too many ‘shandies’ celebrating a friend’s birthday on a work night? Or that your local Government representative knows you enjoy the movies of Matt Damon a little more than you should?While these may seem like frivolous examples, behind the comfort of closed doors, we all like to feel as if we are in control of who knows what about our business. It should be our choice as to which details of our lives we expose to which individuals.On a larger scale, there is also a more sinister side to the story. Data breach scandals — such as those linked to Cambridge Analytica — have been shown to have wide-reaching consequences, even potentially affecting the outcomes of major socio-political events.Photo by Sandro Cenni on UnsplashWith all this in mind, it is obvious why NavCoin has long recognized the importance of these issues. Ever since its inception in 2014, it has been an advocate for privacy in the cryptocurrency sphere. Did you know the original name for NavCoin was NavajoCoin? It was inspired by the Navajo tribe code talkers who, by their unique linguistic characteristics, were acclaimed as a critical factor in the Allied victory of world war two.Photo by Chloé Stein on UnsplashNowadays, while the name of NavCoin may have been trimmed down, the principles remain the same: privacy matters.The bottom lineIt is often said that ‘data is the new oil’. If this is the case, then the highest quality, and therefore most valuable, variety of all ‘digital black-gold’, is that of your finances. Governments and international conglomerates will seemingly stop at nothing to place trackers on you and your spending habits. Some only want to sell you more product, others have darker intents, but by utilizing a unique duel-technique approach, BLSCT, NavCoin offers a complete privacy solution that operates in a decentralized and trustless manner. NavCoin gives back ownership of financial data to its users. Using NAV gives you the choice to decide whether to leave a permanent record of your purchases and payments or not. There are no ‘watchmen’ when using NAV. No centralized servers or trusted set-ups are required. This leaves no room whatsoever for censorship or human-error. The only faith required is in cryptography. And with faith in such short supply nowadays, this can only play to NavCoin’s advantage.“Who will Watch the Watchmen?” — Why Privacy Matters to NavCoin and Why We Are Bringing it Back was originally published in NavCoin Collective on Medium, where people are continuing the conversation by highlighting and responding to this story.

3

NAV 05.28

A Guide to Marketing NavCoin — Done In 15mins A Day

A Guide to Marketing NavCoin — Done In 15mins A DayThe following text is extracted from a Reddit post whose author is anonymous. We felt urged to spread it — it accurately describes our approach to marketing!Ok. So over the last year or so, I’ve seen some proposals to run marketing campaigns for NavCoin. These are cool and all, but they’re ultimately going to be drops in the ocean.Marketing has changed. Running ‘marketing campaigns’ is an old school mentality.So here’s my approach at giving you all a guide on how we should be marketing NavCoin. And spoiler alert: it involves each and every one of you.One note first:NO ONE SHOULD BE PAYING FOR MARKETING. If people ask for funds from the community fund — be very sceptical. They’re going to promise the world, but not give much value back. And most of the paid advertising options in crypto are scams.We’re in a new world where most of the traditional digital marketing channels won’t work well (SEO, Google Ads, Facebook Ads, etc).In this stage of the market — people will only search for us if they know us, but no one knows us. Most people don’t know NavCoin (yet…). So we have to find where the conversations are happening online, and be a part of them. We’re not going to take over the world through sticker campaigns.So what should we be doing? The new way of marketing is through building audiences. We don’t have the option to build a new Facebook/Discord/Google (good luck with that…). And we shouldn’t be trying to pay Facebook/Google/Reddit to get in front of crypto users faces — that’s not scalable. So what do we need to do? We need to build it organically. We need to build audiences.What I’m going to talk you through is an approach for members of our community to build audiences now, so that when the next wave comes, we’ll be in a good place to capture attention that comes from those all-time highs…But I don’t have access to the NavCoin social accounts! How can I build an audience?For this to work — it needs to NOT come from the NavCoin account. The NavCoin account should be dedicated to just focusing on publishing updates/news/alerts for the network. It’s not going to grow us a massive audience organically.But why should I put this effort for NavCoin?You’re not doing this for NavCoin. You’re doing it for yourself. NavCoin will benefit as a side effect. By building an audience, you give yourself leverage. You create a brand for yourself. You unlock opportunities in the future that aren’t to do with NavCoin.The good news: It’s easier than ever to build an audience. You don’t even need to be an amazing writer. You just need to be smart, not be spammy, share interesting perspectives, don’t sell out, and post on a regular basis.Who are you to say what will work or not?I’ve been involved in a few crypto’s for the last 5 years, and I genuinely want to see NavCoin succeed. NavCoin has one of the most solid foundations — a very smart, and very dedicated team that believe in privacy, and believe in NavCoin.So… Here’s What To DoThe basic premise for building an audience is fairly simple. We need to find where our target users are and share interesting content to grow our user base. But the most important thing is to not come across as a shill! If all you do is gush about how amazing NavCoin is — no one is going to follow you.Look — I love NavCoin. A lot. But it’s got a long way to go, and pretending it’s amazing is just fake. It’s got huge potential — definitely. That’s why we’re all invested. But we have to build that vision first.Now lots of people have crypto accounts on Twitter, etc — so how do we grow our audiences? Let me give you a step by step formula for what you need to be doing…First — Where Should I Be Signed Up?In my opinion — these are the top channels for crypto:TwitterFacebook groupsDiscord channelsReddit is meh, but give it a shot if you’ve got time. It’s good for communities, but all the ‘general crypto’ subreddits are moderated to hell. You can be sure they’re controlling which coins get shilled, and keeping the competitors out.Facebook Groups and Discord allow you to post content. But Twitter allows you to build a following. So this is where we’ll start…What Should I Post?Our aim is to add value. There’s a lot of noise out there, so if you can create an account that shares the most interesting/informative crypto tweets/articles, you’ll be a step ahead of everyone else.The aim is to post about the following things:BitcoinEthereumthe ‘Blockchain of the moment’ to tap into the big conversations happening in crypto.Web3The future of paymentsInteresting blockchain projects/technologyCrypto influencers. Talk about those that are genuinely smart, and adding value to the community. By tagging them in a positive way, you make it so that they can see you, and more likely they’ll like/reshare your post.Memes. Add humour, this industry is dry enough…Technical analysis.And then….and only then, can you post about NavCoin. I’d say as a maximum NavCoin could be about 5% of your content.Be smart about posting about NavCoin:Don’t use stupid arguments. Don’t say NavCoin is going to replace everything. Don’t say it’s going to take over Bitcoin.It’s more likely that NavCoin will be a subsystem within crypto — for private payments/projects. It’s cheaper, it’s faster. We aren’t competing with ETH or BTC — in my opinion the future of NavCoin is that it’s invisible. Our ecosystem is building tools so that you don’t need to think about crypto — you don’t need to buy it, it’s all under the hood. Most people won’t even know they’re using it.Don’t speculate about prices. This is useless chat and characteristic of spammy accounts.Don’t be too negative. Stop trying to pull people down. Just focus on the good in the space & bring attention to it.But in saying that, don’t be uncritical. There are genuine scams out there, and you need to distance yourself from them.Add your 2 cents. Add personality to your content. Add your opinion.Everything You Need To Do — Step By StepCreate your account. Don’t call yourself “NaVcOiN_ L0v3r”. That instantly makes what you post less trustful.Every day — follow the top crypto accounts, reply to a tweet or two with valuable comments, and share interesting articles/opinions on your account. You could do this in 15mins.Every week/2 weeks — write a longer post/guide on something. Write a tweetstorm about ‘the best crypto wallet everyone should be using’.Most people don’t know about NavCoin, which means they won’t be interested in 80% of our content. So mostly write about the coins with huge followings. Become influential, even if it’s only to 20 people. Add value by making things simple to understand.And mention NavCoin in non-shilly ways about 5–10% of the time. Don’t PUSH. If you push, people put their defences up. You must PULL. Make people curious about NavCoin. Only share the top content from NavCoin — not every little update. Only big news. Hell — don’t talk about NavCoin for the first few months.Bonus step for overachievers: Build your local community. Give NavCoin to your friends. Not just 1NAV though. It’s an investment, you’re paying to get them interested. You’re paying to give them skin in the game. Get them to help you write content. Get them to help grow your audience.THAT’S IT. Don’t overthink this. Don’t plan out things bigger than you can chew. Just 10 mins a day, for the next 3 months will do more for NavCoin than anything we’ve done in the past. You won’t go viral overnight. It will start slow, but speed up over time.How NavCoin Becomes UsefulThere are 3 core things to making sure the NavCoin ecosystem thrives in the future. It’s by having:A robust developer ecosystem. By making it technologically exciting to get involved. We need our infrastructure strong, and we need technical builders to do it.Products — we need products built off NavCoin. Think about industries where payments take place, how can you combine NavCoin and other blockchains together to create amazing user experiences. What do you hate about money/payments in the real world/digital world. Think about them, share your vision, get feedback, find people that like the idea, and build it. Not a developer? There are so many ‘no code’ tools now that allow you to build pretty much anything, without needing to know code at all.Audiences. ‘NavCoin’ doesn’t need marketing. You all need marketing.Databases didn’t need “marketing”. They didn’t need an SEO plan or Facebook ads. What databases had is influencers that talked about the tech’s benefits organically, and products that made it easier & easier to use.You are the influencers for NavCoin — so go out there and influence. This is how decentralised projects work. There is no ‘team’ that you can blame. If you own NavCoin — you are the team.To do this, you need to talk about things everyone cares about. And at this point, most people don’t care about NavCoin (as it is for most cryptos…. it’s a very competitive space, and people only have so much time). Not until we tell stories that make it interesting.THAT’S IT. NOTHING MORE. NOTHING LESS.We’re at the beginning of the next hockey stick period of growth. The world is uncertain, and looking for alternatives. People are starting to get excited about crypto/blockchain again. SO NOW IS THE TIME TO ACT. Build that audience. So that when the users start flooding in, we’re ready & waiting for them.This is what I’ll be doing. I’ll see you all out there.—ECA Guide to Marketing NavCoin — Done In 15mins A Day was originally published in NavCoin Collective on Medium, where people are continuing the conversation by highlighting and responding to this story.

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NAV 05.28

The future of NavCoin governance.

When NavCoin initially launched in 2014, its core concepts were clear. One such core commitment is, and always will be, that decentralisation isn’t just a buzzword. With each protocol upgrade the innovative network has seen, they have stayed true to this promise, and with the imminent release of the NavCoin DAO upon us, the ecosystem looks to make another massive stride toward its goals.Photo by Valeriia Miller from PexelsBefore we dive more into the details of the NavCoin DAO, let’s take a quick look at what exactly a ‘Decentralised Autonomous Organisation’ is. A DAO can be described as:“…an organisation represented by rules encoded as a computer program that is transparent, controlled by shareholders and not influenced by a central government”This concept has long been heralded as a potential holy grail of achievement, both within the cryptocurrency sphere and also the wider world of business and investment. With proper implementation, DAO’s can provide legitimate solutions to many real-world problems. In principle, there is no central authority, such as a development team or Foundation, holding the reins of control. DAO’s return the power of governance to the community who ultimately are most affected by these decisions.To this effect, there is no one entity that can produce a unilateral decision. Users, miners and development teams all have equal weighting in their ability to exert their personal will without agreement from others. Ultimately, this also makes a DAO entirely incorruptible to human persuasion. It cannot be bought, bribed or banned by shady enterprises or enforcement agency. Even John Wick himself, could not excommunicate a perfectly programmed DAO!While this idea, in theory, is seemingly flawless, in practice DAO’s have been the source of much controversy. Most famously of all such cases, 3.6 million Ether was stolen in 2016 by hackers exploiting a vulnerability in the Etheruem DAO. This resulted in a hard fork event for the network, something which everyone involved with NavCoin are obviously keen to avoid!And so, what improvements does the NavCoin DAO make upon its predecessors, and, importantly, why are these tools so vital going forward?Essentially, there are three key prongs to the NavCoin DAO trident. Let’s break them down.FlexibilityWith the world entering a period of unprecedented uncertainty, now, more than ever, questions regarding the parameters controlling the financial markets are coming to the forefront. In the convoluted spectrum of fiat finance, these answers are usually somewhat elusive, to say the least.Conversely to this, in cryptocurrency, the principles of “code as law” are deep- rooted, bringing with it a sense of transparency of certainty. In the wake of the 2008 financial crisis, Bitcoin was born, and with it, the novel notion that currency supply needn’t be an infinitely inflationary model.Rigidity brings its own constraints however, as many crypto-communities have sadly found out the hard way. Without flexible parameters, vulnerabilities or outdated concepts can bring entire blockchains to their knees. For this very reason, unlike other DAO projects, NavCoin DAO allows for parameter updates. In fact, it allows any community member, regardless of coding ability, to bring a proposal forward, on any parameter whatsoever. The community are able to fund, guide and alter their networks rules without the involvement of developers.Take, for example, the “money printer go brr” meme we’re sadly all too familiar with. While NavCoin, much like Bitcoin, has scheduled emission (2.5 NAV per block), thanks to the NavCoin DAO, users can bring about a consensus to adjust block emission rates.In times of uncertainty this is a powerful feature, and, of course, is not limited to block emission rates. Any parameter whatsoever affecting the blockchain can be adjusted via this mechanism! The process in place guarantees that any NavCoin user, regardless of technical know-how, can have their voice heard and bring forward proposals to ultimately be decided upon by the community.ImmunityWhile consensus mechanisms are, generally speaking, the best tool for governing such decisions, they too, have been known to cause issues. Lower voter numbers on smaller topics can, and have, resulted in bad actors receiving payment for work never intended to be completed. To ensure that illegitimate proposals do not receive funding via loopholes in voting procedures, NavCoin DAO works hand-in- hand with a multi-consensus community funding system. This unique way of working means that, at no point, can bad-actors receive funding for shoddy or incomplete work, protecting the community.Photo by Lukas from PexelsConsultationWhile of course, protecting the interests of the network are vital, it is important too, to empower developers wishing to build using NavCoin. It is for this very reason, that the DAO brings with it a unique consultation system. With this system, developers can gauge the mood of the community before committing their time and resources to developing a full-blown proposal. This feature could also be used in a number of other novel ways. Say, creating a NavCoin community poll on their feelings toward privacy features.Photo by Element5 Digital from PexelsAnd speaking of privacy features, in addition to work being done upon NavCoin DAO, the next core upgrade will implement an entirely new privacy protocol. With much controversy surrounding the use of privacy features in the current climate of contact tracing, it will be interesting to explore the implications of this as governments look to phase out the use of cash and paper money in the wake of an international pandemic.For now, however, as traditionally rational markets show signs of instability, it is no surprise that the spotlight shines upon cryptocurrency once again for viable solutions. With the release of NavCoin DAO, NavCoin equips itself with the vital tools necessary in recognising and enacting the will of its users. More so than this, it does so without constraining them through predefined parameters, and at the same time, protects the network from censorship and malice.The future of NavCoin governance. was originally published in NavCoin Collective on Medium, where people are continuing the conversation by highlighting and responding to this story.

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