Cyber Republic Newsletter
Sep 9, 2019
Welcome to the latest snapshot of Cyber Republic history!
In this edition, we shine a light on recent stories involving some of Elastos’ many use-cases; get an update on the Elastos Unity project; have a chat with Yipeng Su and Dong Xu; take a look at Leo and the CRC Whitepaper; report on community activities, Suggestions & Proposals, and more.
Happy reading 🙂
The Elastos Foundation released the official financial report for the first half of 2019.
ELA-ETH Task Force lead, Harry Liu, and the CR Region India team gave a live tech demo at the EmergTech event in India on September 7th.
Clarence Liu, VP of Development of Elastos Foundation, took to Vietnam the same day to speak at the Blockchain for Business talk show, an event co-hosted by Elastos, NeoWorld, and more.
CR Region Malaysia, along with Clarence Liu, visited Dacsee, the world’s first decentralized community-empowered ride-sharing platform, to form a partnership.
After a successful move through the CR Suggestion pipeline, Elastos has now been integrated and listed on the CoinEx exchange.
Brian Xin, founder of Elastos DMA, posted some pictures of DMA’s launch party in Shanghai. Many prominent community members including co-founders Rong Chen and Feng Han were present at the party.
Elastos co-founder, Rong Chen, recently held an AMA with the community at the 2nd anniversary. With his broad knowledge of computer science, he explained the tech and current development of Elastos in a heuristic yet practical way. A key takeaway is that in Q1, 2020, most of the major functionalities including the Trinity browser, Hive storage, DID sidechain, cloud computing, and more will be in their beta stage.
For more information, you can read the summary here (Chinese).
“Sunny” Feng Han shared the latest development of Elastos and his views on how Elastos will impact the current internet and digital wealth. Summary (Chinese)
Han has also posted some images from his recent speech at the China 5G and Blockchain Summit.
The potential for adoption, and the need for Elastos technology has been made quite clear by the present days, not only by Telegram, but every day news of cyber attacks and data theft floods the mainstream media.
Telegram is one of the most popular communication platforms for cryptocurrency enthusiasts. It boasts 365 million users, with over 15 billion daily messages being sent. The average Telegram user sends 150 messages per day, and yet with all this said, an astonishing 0 USD has been spent on advertising.
Aside from being a shining example of how extreme growth can happen through good product design and the network effect, Telegram’s claim to fame is its emphasis on security.
However, a design “feature” has been exploited for a second time which allows for the identification of phone numbers to identities from within public groups. This is particularly dangerous for pro-democracy protestors in Hong Kong who are using the China-banned Telegram app to communicate securely. This is despite any user settings to keep their phone numbers private because Telegram utilizes phone numbers as unique IDs to create accounts and to reduce spam accounts.
“We have suspected that some government-sponsored attackers have exploited this bug and use it to target Hong Kong protesters,” Chu Ka-Cheong, a local software engineer, tweeted. “In some cases posting immediate dangers to the life of the protestors.” -@edwincheese
This isn’t the first time China has targeted Telegram. July 12, 2019, China hit Telegram with a DDoS attack, crippling important communications.
Telegram founder and CEO, Pavel Durov, tweeted that the IP addresses behind the attacks were from China. “Historically, all state actor sized DDoS (200-400 GB/s of junk) we experienced coincided in time with protests in Hong Kong (coordinated on @telegram). This case was not an exception.”
This is important because the July attack was during a major escalation of Hong Kong protests, and protests had just become violent; both WhatsApp and Telegram were targeted and various group administrators were arrested. Lives were at stake.
And not for the first time. The largest security breach on Telegram in which 15 million of 20 million Iranian users were identified was another compromise on phone numbers and identity. This jeopardized activists, journalists, and any person in a sensitive position.
To be clear, Telegram is an altruistic project. Estimates range, but costs are guessed to be around 1 million USD per month for the maintenance of Telegram. There is no current business model.
The venture, founded by the Russion brothers Pavel Durov and Nikolai Durov, is valued at 3-5 Billion, and yet it “will never be up for sale” as they believe that messaging apps “shouldn’t make money”.
Pavel Durov is the founder of VK, the facebook equivalent in Russia, and he and his brother were forced to flee Russia. He is a known cryptocurrency enthusiast as he was estimated to have fled Russia with 2000 Bitcoins valued at 300 million USD.
“We believe in fast and secure messaging that is also 100% free.
“Pavel Durov…supplied Telegram with a generous donation, so we have quite enough money for the time being. If Telegram runs out, we will introduce non-essential paid options to support the infrastructure and finance developer salaries. But making profits will never be an end-goal for Telegram.”
While no messages or otherwise private information were leaked in this case, code vulnerabilities have been discovered in the past such as hiding HTML code within an image, and upon clicking the image, the code gains full access to the target’s messages, shared photos and videos, and contact list.
These attacks on Telegram, a messaging app far more secure and private than most messaging apps with a strong brand reputation, identify three general types of attacks:
- DDoS attack.
- Identity attack.
- Malicious infiltrating code.
Elastos technology is exactly designed to deal with all these; Carrier, Trinity, and DID Sidechain architecture prevents these types of security concerns. Several articles have been written on exactly how Elastos can create a secure, sandboxed environment, and distribute unique and anonymous IDs to protect user information and privacy. The most recently published article can be found here.
The potential for adoption, and the need for Elastos technology has been made quite clear by the present days, not only by Telegram, but every day news of cyber attacks and data theft floods the mainstream media.
Even the most secure, centralized applications with a pristinely selfless model of business like Telegram retains the same vulnerabilities of our inherited Internet.
The bottom line is that once ready, with the right apps made available, Elastos is positioned to expand well beyond a single messaging app valued at 5 billion.
Ransomware has been the most prevalent and popular means to seize data and systems, and state and local governments have been the biggest target in these ransomware attacks.
The U.S. state and county governments are a bunch of sitting ducks.
Russia infamously attacked the U.S. presidential election in 2016 by hacking the voter database systems. And in a recent article about protecting the databases, Reuters profiled how U.S. Intelligence Officials and cybersecurity specialists plan to combat these hacks.
Ransomware has been the most prevalent and popular means to seize data and systems, and state and local governments have been the biggest target in these ransomware attacks.
Hackers have successfully infiltrated these systems and held them hostage in return for cryptocurrency in places such as Texas, Baltimore, and Atlanta. CISA (Cybersecurity Infrastructure Security Agency) is diligently working alongside election officials to protect their data and prevent ransomware attacks.
One reason why these ransomware attacks are abundant in state and local governments is that they actively add, remove, and change their data year-round. The constant activity leaves these municipalities exposed to corrupt hacker behavior. Local governments specifically do not have the resources to combat talented hackers. Another issue is that there is no status quo for local governments regarding how often they should create backups of their data.
So where do we go now? Is there any confidence that the FBI, CISA, or any other U.S. government agencies can prevent these malware attacks from happening? Officials are saying all the right things, but when push comes to shove, when will the next hack be?
Most likely the next database infiltration story will be coming to your morning news channel soon. The problem seems far from being solved.
Smart-web project Elastos could be the answer to all the state and local governments’ problems; its ecosystem is protected on numerous fronts.
The Elastos Runtime is a sandboxed close environment that runs on top of an existing OS (Android, iOS, Linux). It is not directly connected to the internet and closed off to the public with multiple C++ virtual machines running in the background.
Elastos also has a protected peer to peer network called Carrier. The Elastos Carrier manages network traffic in the ecosystem, providing a decentralized and serverless network. Since all data is stored locally, no hacker can infiltrate the system; this leaves data 100% protected.
Another important pillar of the Elastos network is the protection by Bitcoin’s hash power through merged-mining. Elastos is presently floating around 65% of Bitcoin’s hash power. This means that hackers would have to eclipse over 43 EH/s to break into the network.
Should this occur (highly improbable), hackers would then need to figure out a way to break into the Runtime environment and crack the Carrier P2P network that manages all the traffic. Sturdy roadblocks are in place to prevent these top-notch hackers from acquiring any data in the Elastos network.
The internet is flawed, and government officials are baffled by the avalanche of hacks aimed at important government entities. The Elastos infrastructure is close to completion and ready to be implemented for real-world use in the security spectrum.
When will the attacks end? It will all stop once governments, corporations, and businesses start incorporating a system that offers true protection of their data. Let’s stop being sitting ducks and start utilizing the next generation web (3.0) to secure databases and protect ourselves.
Welcome to the new internet.
On Sunday, August 30th, the Noderators Supernode group had one of the core developers of the Elastos Unity project, Adem Bilican, on their live stream.
Adem told a story of how he was first introduced to the Elastos project and explained the Elastos Unity project, its overall progress, as well as how it compares to Elastos Trinity.
Around a year ago, Adem Bilican started scrolling through his Reddit page and caught a post created by Kiran Pachhai (KP), VP of Technology of Elastos, who was trying to recruit developers on Reddit to build a React Native (RN) framework on top of the Elastos platform.
The RN team went on a brief hiatus following the completion of the communication bridge. KP contacted Adem in efforts to form a CR Suggestion to continue the RN project. The Suggestion quickly turned into a Proposal after garnering much community likes and attention.
After the acceptance of the Proposal, the Elastos Unity team was officially born. So far, the group has accomplished its first goal of a beta version of Elastos Unity which includes all the properly implemented functions of Elastos Wallet and Carrier modules.
Now, the team is nearing completion of the second phase of the “Release Candidate”. This will include proper documentation and common line interface of Unity. Currently, the Unity team is going through the testing phase which is a challenging process. In around a month’s time, the second phase should be close to finished. Adem was proud to announce that the Elastos Unity website is officially live at elastosunity.com. The website includes all specific Unity documentation, Github repositories, and links to guide developers.
Another framework being built by the Elastos Core Developer team is Trinity. Often times, community members don’t know the differences between Trinity and Unity. How do the two projects compare to one another?
Elastos Unity is a framework that developers can utilize in order to build a mobile dApp that can eventually be featured on the iOS and Android app stores. Unity does not include Runtime. It uses simple code to access Elastos functionalities such as the Carrier and blockchain. Many popular apps in today’s world, such as Instagram, are built on top of React Native.
He envisions a herd of React Native developers joining the Elastos ecosystem in pursuit of building a real blockchain dApp. He has started a small Unity project himself, creating a simple demo wallet that can communicate with the blockchain.
Adem also sees a real use case for incorporating the Elastos DID sidechain with the Unity framework. DID would act as a function which secures user data. For example, someone can use a DID as a login that’s authenticated using Elastos blockchain technology.
Once the last stage of the second phase is completed, Adem would like to take some time to think of another dApp, as he’d like to get a fully functional dApp with good UI/UX on an app store which would get the ball rolling and showcase a concrete dApp utilizing the Elastos Unity framework.
Thanks to the Noderators team (KP and Michael S) for hosting Elastos Unity developer, Adem Bilican, and keeping us up to date.
Onward and upward for Elastos Unity!
Can you tell us about your background and how you got involved in Elastos? How did you get to where you are now as Chief Architect? Compared to jobs you’ve taken before, how is the vision and work different or special for you?
I’ve worked in the software and Internet industry for more than 20 years. I joined the company Koretide, established by Rong Chen, in 2002, and I am deeply impressed by the software concept advocated by Rong. In 2003, I was responsible for the development of Electos OS 2.0 for smartphones. By 2007, although the technical development of software was successful, it was not introduced to the market for various reasons. I became acutely aware of the importance of the community and ecosystem for an operating system, since. I left Koretide in 2010 to join Xiaomi, a tech company that had just started business.
In April 2017, Rong called and invited me to participate in the Elastos project. After deliberation and technical preparation, I participated in the prepatory meeting of the Elastos project on July 15, 2017. Elastos officially launched August 1, 2017. Since, I’ve been the chief architect of Elastos, and later one of three Board of Directors for the Elastos Foundation. When the CR Interim Council was officially formed in August 2018, I resigned as a member of the Foundation’s Board of Directors and became a member of the CR Interim Council.
Blockchain is still an emerging industry with a lot of development opportunities. Such opportunities will ultimately only be rewarded to projects that are good at innovation and strive to achieve their goals. Decentralization makes blockchain projects very different from traditional Internet projects in terms of organizational formation and technology development. This makes my work on the Elastos team wonderful and passionate. I have a brand new experience everyday.
Can explain to us your day-to-day operations as the Chief Architect? What teams do you oversee?
Elastos has been exploring an operation model that is suitable for blockchain projects from the beginning. The team did not appoint a CEO. In the first half of the year, after the project started, my work was not limited to technology but also included the day-to-day management and operations of the entire founding team. During this period, the first round and the second round of the token sale was completed. The main chain was officially launched on December 22, 2017, and Elastos was launched in Huobi on February 1, 2018.
After that, more and more outstanding talent joined the Elastos team: Ben Lee is good at administration, human resource management and inter-departmental organization, and coordination. Jingyu Niu has a very deep understanding of product technology and is good at using various tools to organise and manage technical development work. Rebecca Zhu has a wealth of experience in multinational project collaborations. Fay Li and Kevin joined the team to help Elastos build oversea communities and teams. In addition, we established a professional digital asset management team. These talented people did better than me in their respective areas of expertise.
I gradually freed myself from the tedium of daily affairs, so as to concentrate more on thinking and planning about the future strategy of Elastos. For my daily work, I am now more like a libero on the football field. I promote the Elastos foundation and development of the community with the core team, discuss with engineers about the shortcomings of existing technology and the possibilities for future development, and communicate with community contributors to get the most direct feedback and suggestions on their needs.
What are your thoughts on Ethereum and Neo sidechains launching recently? What is the next step for them?
The release of Ethereum and NEO sidechains has two implications for Elastos: first, it means that the Elastos main architecture technology is more mature; second, it proves that Elastos is compatible with other public chains and their ecosystems.
At present, the two side chains are still in the beta stage, so there is only limited access. The Elastos sidechain development team will continue to collect feedback from the community to further improve their functionality. In addition, we hope that some Ethereum and NEO ecosystem projects can be smoothly migrated to these two sidechains. For this reason, the CR Interim Council has approved and funded the proposal of the community team ETH Task Force. I look forward to more app developers as Ethereum and NEO develop applications for these two sidechains through CR proposals in the future.
Kevin Zhang has left the CR Council and now Nicola Zimmermann has replaced him, do you have any thoughts to share about this with the community?
Kevin joined the Elastos team in March 2018 and was responsible for the development of the developer community. His work has achieved some results, but he is not very good at communicating with the community. During his work of the CR Interim Council, some incidents were magnified because of his shortcomings. In addition, the original term of office for the Interim Council is one year. After one year, we hope that more representative people from the community will join the Council. Among the current three members, Feng Zhang is the representative of the Chinese community, Gandhi represents of the English community, and I am the representative of the founding team and also the Elastos Foundation. I think this composition is more reasonable.
What personal goals do you have for yourself in Elastos and in Cyber Republic? Do you plan on continuing being a Council member in the future?
My personal goals should be combined with the goals of the project and the team. I hope that according to the project development strategy, we can expedite the development of the Elastos community and ecosystem, promote the restructuring plan of the Elastos Foundation, and promote the Elastos technology standardization work so that more talents can easily participate in contributing to the Elastos project.
As for the second question, it is supposed you’re asking if I will run for the CR Council after the CRC is officially launched. I have not yet fully decided and it depends on how my time can be allocated between the team and the community in the future. I am inclined to stand for election at present.
How do you meet and organize Cyber Republic as a Council? How many times do you meet a week and who attends? During the meetings, do you discuss Suggestions and Proposals together and decide what the next steps will be for that particular Suggestion/Proposal?
The CR Interim Council meeting is a communication mechanism in which members understand the ideas of other members to improve their thinking process. Decisions are not made at the meeting, and the decision making of the members is done by voting on the Proposal.
At present, the Interim CR Council holds an online Zoom voice meeting every week. If members feel that it is necessary to have a special meeting, they can ask the Secretariat to arrange the time. Participants included three members and the Secretary General of the CR Council, and if necessary, invited the relevant teams involved in the Proposals to participate.
The content of the meeting is usually related to specific Suggestions or Proposals, and we present our opinions on the Suggestions or Proposals at the meeting. In most cases, we usually agree, but occasionally there will be disagreements that cannot be resolved. In this case, we will not insist on reaching an agreement. Instead, we will vote on the Proposal according to our own judgement of the members.
You are the sole author of the whitepaper. Who structured the Consensus Mechanism for Cyber Republic Whitepaper? How were decisions on how things should be governed made? Where did you get inspiration? What are some difficult choices you had to make while writing the whitepaper?
In May 2018, I was studying and researching some mechanisms for DEXs (Decentralized Exchange) and identified several key issues that must be addressed. Among others, the most important issues were software upgrades and community governance. For this reason, I have researched a large amount of information through the Internet but have not found a perfect solution. However, some DAO projects have inspired me. I wondered why we did not establish a common consensus mechanism specifically for community governance. Later, I spent some time to complete the initial concept of the mechanism, and I got the support of the two co-founders and the team. Rong gave the community under the consensus governance a very nice name: Cyber Republic.
Later, as everyone knows, in August 2018 the Elastos Foundation established the CR Interim Council. As the initiator of this idea, I quit my position in Elastos Foundation to become a member of the Interim Council. On the one hand, I can devote more to this matter that I consider significant; on the other hand, I want the team to pay more attention to the idea. However, things happened in the following months that deviated from my original assumption: the understanding about CR is different among the members of the Interim Council, and CR is moving towards a centralized organization, but my intention was not to build another bigger “Elastos Foundation” which was meaningless to the project. In December 2018, I gave a presentation on the CRC to the American team in San Jose. In January 2019, I completed the draft of the CRC whitepaper, but I was not in a hurry to release it. In the following six months, I have made several revisions to the draft to combine the experience during the Interim Council and the feasibility of technical implementation.
In the process of writing and modifying the whitepaper, many people in the team and the community have contributed, and because there were too many people, I am not able to mention all their names. When the Chinese document was translated into English, Rachel, Rebecca, Cassie, and Alex invested a lot of time and energy.
When designing the CRC, the design of voting rules is the most difficult and controversial, and this involves the question of the right to speak regarding how much capital one holds. When discussing internally in the team, almost everyone who saw the rules for the first time would ask me why the impeachment council and the opposition proposal used an absolute amount of the percentage of ELA in circulation rather than a more natural ratio between support and opposition. Such a choice is also difficult for me, but since I don’t want to turn the CRC into a purely capital game, I finally decided the rules to limit the absolute dominance of large capital.
You oversee a lot in Elastos and Cyber Republic. How do you manage time for yourself and what do you like to on your free time? Do you have any particular hobbies or interests?
In the early days of the Elastos project, due to the lack of talent, I invested a lot of time in the project, even on weekends. Sometimes I worked overnight with the engineers in as the project needed.
Later, more and more talent joined the team. Through a reasonable division of labor and authorization, my workload has been greatly reduced. I now hope to use my time more effectively and do what I am good at. So I will reflect on myself from time to time: what is the most important thing I should do, and what should I not put too much energy into it. I will prioritize and find the right way to achieve the goals.
In my spare time, I like to play Go and hike in the wild, and occasionally play poker. However, because Go is more time-consuming, I’ve rarely played after entering the Elastos team. Hiking in the wild is a very good sport. When the weather is fine, I will go hiking in the suburbs with the team who share the same hobby.
In your own opinion, what do you think a weakness Cyber Republic currently has and why? How can it be solved or worked on?
CR is still in the preparatory stage, and it is our goal to promote the development of Elastos communities and ecosystem through CRC. The CRC Consensus itself has many areas that need to be improved. The more difficult part is the implementation and tracking of the Proposal. We hope to improve the transparency of the Proposal process through blockchain technology so that the entire community can participate in its supervision.
The construction of the CR website is also relatively slow. As a traffic center of CR, the website needs to implement many interactive functions, and the user experience is very important. We have come up with a lot of requirements for the CR website, but due to the limitations of personnel, the progress of website development has been lagging behind. There are two solutions: one is to increase the budget, the other is to involve more professional teams, and the solution has not yet been finalized.
What would you say is Cyber Republic’s greatest strength?
We know that the biggest problem of social governance in reality is the problem of information transmission, which is also the source of various inequities. The biggest advantage of CR is that the CRC consensus is based on blockchain technology. This is a self-evolving mechanism that makes the process of community governance open, transparent, and it motivates more individuals and teams to participate and contribute in the community and ecosystem.
Is there anything you would like to say or share information you want to tell the community? News, updates, and plans that you are able to share?
In the process of technological development of the past two years, in order to let community members experience the technical characteristics of Elastos, we pay attention to project implementation. In the future development plan, we will pay equal attention to three aspects: namely engineering development, product planning, and technical standards.
The Elastos Foundation has already begun to organize restructuring with such a plan, and CRC will be the most important mechanism for promoting Elastos technology standardization. We will introduce the ELIP mechanism as the first step in technology standardization in CR.
Can you please introduce yourself and your background? Why and how did you build Titan? How did you join Elastos?
I am Dong Xu, CEO of Titan.
I have created various startups and have been senior executive for several state-owned enterprises. I have also worked as an angel investor focused on the blockchain field. The Titan project was a blockchain project I invested in, and I joined Titan as full-time CEO later.
Trends show that, in the future, most data will be put on the cloud, most content will be videos, 5G will be widely adopted, etc. My core belief is actually very simple: with all these trends, the traffic of the internet will grow rapidly and the traditional CDN (content distribution network) will no longer be the best choice of cost and technology.
There was a time that P2P technology was considered “low cost with poor experience” and was a complement to CDN. However, with Titan’s breakthrough in core algorithms and the increase of peripheral devices in the 5G era, Titan repositioned P2P technology to “excellent experience with low cost”. This can potentially subvert the traditional CDN or let the traditional CDN be a complement to P2P.
I joined Elastos because of Rong Chen. Rong is a senior fellow at Tsinghua and I have much respect for him. Rong very much recognizes Titan’s philosophy and technology, and that is also why Titan Network earned the opportunity to have the angel investment from Elastos.
The first time I met with Rong was through the introduction of a Tsinghua alumnus at Zhongguancun, Beijing. I was showing Rong the movie Avatar in 4K with the use of Titan. There were nearly 400 TV boxes in Hangzhou to support 4K video playback in Beijing smoothly, which let Rong see the technical capabilities and commercial value of Titan.
The reason why Titan chose to cooperate with Elastos was quite simple. One is that Rong has a great reputation in the technical field and the other is that Elastos is really doing something concrete in the blockchain public space. We are looking for partners who know technology and work on concrete things.
How many people are there in your development team? Could you introduce some of them and their background?
At present, there are more than ten people in the Titan team, most of them from China’s first-line Internet companies such as Alibaba and Baidu.
The community is very interested in the work and progress of Titan. How will Titan’s development integrate/contribute to the Elastos infrastructure?
Titan does not utilize blockchain at the moment in order to achieve the ultrafast experience. Currently we can transmit 15-second 4K/8K short videos with over 90% by P2P sharing, deliver higher reliability through integration of traditional CDN and Titan peripheral devices to implement TCP/UDP mutual backups for different network conditions, and an ultra-low price (as we can utilize storage of less than 100M of storage with mass of devices).
The cooperation with Elastos starts with resource sharing, followed by data cooperation, and then technology integration:
Resource sharing means that we use the equipment resources of Elastos ecosystem. For example, Shijiu TV, an Elastos partner, currently has 200,000 devices active every day to provide traffic to Titan.
Data cooperation refers to the traffic of Titan’s device nodes that will be put on-chain and stored on Elastos.
Technology integration means Titan will have its own chain in the future and perform in-depth technology integration with Elastos. Titan could become a sidechain of Elastos.
Currently, we are in the stage of resource cooperation and planning for data cooperation.
Because Titan does not have a blockchain right now, there is no whitepaper for the time being.
Can you tell us about recent development? What is the road map for the coming quarter?
Titan’s current development focus is on increasing customer base and polishing our products.
Titan’s P2P network is currently capable of providing high-performance distributed CDN services, but the efficiency of the entire network needs to be further improved. We are now introducing AI-based network-wide data scheduling to cope with the dynamic changes of cold and hot data. For example, when a video gets popular, Titan needs to recognize the change and adjust the distribution of the video’s information fragments across the network to meet the increased demand.
Our goal this quarter is technically to make Titan a live system where data distribution can flow on-demand like blood stream. In terms of the number of customers, there is an increase of 200% from the previous quarter. These customers are business customers who use Titan’s distributed CDN. At this time they mainly use Titan for audio- and video-on-demand, and file downloads.
How does Titan communicate with the Elastos team on the development progress? Do you have any communication or even cooperation with other Elastos ecosystem projects?
Titan and Elastos’ China team have good interaction and communication. We are now currently cooperating with Shijiu and StorSwift which are enterprises in the Elastos ecosystem. Titan should have 5G bandwidth service capability in 2019 and complete the next round financing soon.
The cooperation with StorSwift is currently in the early stage. Because we are both projects within the Elastos ecology, and StorSwift focuses on storage while Titan focuses on traffic, the cooperation of the two is natural. At present, we are exploring the possibility to work together in the aspects of equipment resources and technology.
How does Titan raise the funds needed? Are you planning to use the CR proposal or IEO?
Titan is still mainly engaged in traditional equity financing. At least for 2019, it will not use the IEO to finance.
How can the community get the latest news from Titan? Do you have any channels for publishing information, such as websites, social media, etc?
Titan currently works low-profile and has not done any PR. The company’s basic information can be accessed at www.titannetwork.io.
Finally, what are your hobbies and what do you do when in your leisure time?
I usually spend time with my daughter, reading, and going to the gym.
Amos T clears up the mist around Elastos’ new Leo project, a trusted computing enhancement for the already secure Elastos blockchain architecture.
Suggestions & Proposals
VP of Development for Elastos, Clarence Liu, recently posted a Suggestion to fund an Elastos Developer Workshop and Booth at San Francisco Blockchain Week 2019 (SFBW2019).
Clarence would like to accomplish a handful of goals at this event.
He will present a one hour developer workshop on Elastos development, join a technical or non-technical on-stage panel (to be decided by the event), and he plans to have a booth to attract developers and showcase Elastos technology to Silicon Valley entrepreneurs and overall tech scene.
Clarence will target approximately 200 leads which he deems an attainable target, with a projected 5,000 people that will be in attendance. From those leads, he would like to target ten promising projects to develop on Elastos (based on a 5% conversion rate). Considering the hand holding process to get a proper Proposal onto CR has a 50% attrition rate, Clarence expects to corral 5 final projects into the Elastos ecosystem.
The motivation of this Suggestion is to allow Elastos to join the likes of Ethereum’s Vitalik Buterin and other promising projects at SFBW2019. Clarence believes this event can produce high impact in terms of visibility and marketing.
The implementation plan of this Suggestion consists of two aspects: attend and conduct the arranged activities (on-stage panel, developers workshop, and booth), and the negotiation of the sponsorship cost. The Elastos team has already engaged with the event organizers (introduced by WeFilmChain) and the current offer is a negotiated offer.
The official negotiating offer for attending the SFBW2019 event is $18,000 USD ($5,000 discount), which is the fixed event sponsorship cost. An additional $2,000 is needed for marketing materials such as stickers, brochures, t-shirts, flyers, and banners. This additional cost of $2,000 will also ensure Elastos is able to have above $18,000 in funds to attend the event in the event of ELA price fluctuation.
In conclusion, the budget of the Suggestion totals 8,000 ELA. In the event all the ELA is not used, it will be saved for the CR Regions fund.
As the final signing date of SFBW2019 is September 10th, please go vote for the Suggestion if you believe this event will help bring Elastos more into the public eye.
Xanpool, the world’s first automated peer to peer crypto to local currency (fiat) platform, has created a Suggestion. The company executes and settles transactions without taking custody of customer’s funds. Their service provides a much-needed fiat gateway into the Elastos ecosystem.
The goal of the team will be to integrate ELA into Xanpool, test and audit ELA functionalities on the platform, and provide continuous ELA support for an increasing amount of countries and payment methods. The timeline for all these tasks is approximately two months.
Xanpool’s motivation for this Proposal lies in the opening in the crypto-to-fiat gateway market. The team is in pursuit of bridging local currencies around the world to Elastos’ token.
The current status quo for most Elastos investors is to purchase USD, send USD to an exchange to purchase BTC, then trade BTC for ELA, and finally send ELA to a private wallet.
With Xanpool, users will be able to onboard and offboard directly using their local currency and payment methods. The Asian market will be targeted first; the rest of the world will follow shortly after.
The implementation plan coincides with what they’ve done with Zilliqa. The Zilliqa-fiat gateway is almost complete and due to go live on September 16th, 2019. The team is confident they can execute on a similar timeline with the Elastos project.
Incorporating Xanpool’s fiat gateway into Elastos will require a few different resources: one full-time engineer dedicated to writing code, testing, debugging and refactoring; two hours of a UX/UI designer’s time; and an independent security/penetration engineer to conduct security testing in a production environment.
The team consists of three members. Co-founders Jeffery Liu and Artem Ibragimov both are proficient in building scalable and secure systems. Daniel de Weyer has lots of experience working at SWIFT and will be responsible for building Xanpool’s liquidity network.
The total integration cost of the Xanpool’s plan will be $24,000 USD. An additional $12,000 will be needed in order to take care of unforeseen maintenance issues.
Fiat-to-crypto gateways are certainly in their infancy stages in the crypto sphere, so it’s good to see progress being made.
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Trusted computing is run by various mechanisms that can be installed on a software and/or hardware level.
These mechanisms allow for utmost trust within a computer operating system through a certain set of rules and guidelines that are hardcoded in a trusted computing component to safeguard security and privacy.
“Trusted computing…generates trust by thoroughly securing the technology (hardware, software, or both) to guarantee system integrity and to make it very hard to breach from a technical standpoint.” – Lex Pablo
The trusted computing method can be broken down into six key concepts:
Endorsement key: Randomly created public and private key on the chip the manufacturer created that cannot be changed. The key is used to authorize the execution of secure transactions.
Secure input and output: Combat threats from spyware that seizes the content of a display.
Memory curtaining / protected execution: Providing an isolated environment of specific and sensitive areas of memory that the OS doesn’t have access to.
Sealed storage: The protection of private data and information. Data can only be accessed through a combination of software and hardware.
Remote attestation: Recognizes unauthorized changes to software through the process of generating fully encrypted certificates for every application on the operating system.
Trusted third party: An entity that acts as an intermediary between the computer and user or between a user and other users. This process ensures the users are communicating through a trusted party.
“A cryptocurrency wallet is an app that allows cryptocurrency users to store and retrieve their digital assets. As with conventional currency, you don’t need a wallet to spend your cash, but it certainly helps to keep it all in one place. When a user acquires cryptocurrency, such as bitcoins, she can store it in a cryptocurrency wallet and from there use it to make transactions.” – Source
One of the most frequently misunderstood aspects of storing and managing cryptocurrency is the wallet. A cryptocurrency wallet, unlike how it sounds, does not store funds in it at all. It is an interface to interact with your funds tracked and stored on the blockchain’s public ledger.
What does this mean, practically?
- If you lose your wallet, you can still restore it if you have the private key.
- If the wallet becomes obsolete, it’s not really an issue as long as the blockchain itself is not obsolete as well; your funds are still yours.
- Anyone with your private key can access your funds even if they aren’t using or holding your digital wallet.
- If you lose your private key, or if it’s stolen, it is akin to losing a physical wallet. Your funds are gone, and there’s no recovering it.
The use of the term “wallet” in cryptocurrency is perhaps one of the most frustrating and misleading terms still commonly used. It has led to mistakes that have cost people fortunes. It is unlikely that the term used to describe an interface to interact with your funds will change, so instead it is important that education and awareness be spread as widely as possible.
That concludes another tremendous two weeks of Cyber Republic and Elastos events!
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