Janis is joining IOTA as Senior Software Engineer of the Engineering team. In this role, he will help with general Rust adoption within the IOTA Foundation and lead the team working on the Bee project jointly with Thibault Martinez. Janis lives in Berlin, Germany, and has been working with Rust since it hit 1.0 in May 2015. He has done research on nonlinear dynamics, worked in computational social science, and co-founded a neurotech startup.
On joining IOTA
I am very happy to join the IOTA Foundation (IF) and I am honored to play a major role in the adoption of the Rust programming language throughout the organization, which includes embracing an open-source governance model. I was following the evolution of cryptocurrencies since September 2010 when I first heard about Bitcoin. IF is the first organization that convinced me to enter this field, with their goal to use distributed ledger technology for creating a framework to distribute and verify data in a decentralized way. The two aspects that really won me over and made me join IF are a), its non-profit nature and pursuit to bring together actors from industry, academia, and government, and b), the academic rigor of IOTA’s research team, which demonstrates their seriousness to put its technology on a solid footing. I will work closely with them to translate their vision into production-grade code. At some point in the future, I will get back to finish my PhD. For now, I couldn’t let the opportunity to join IF at this exciting moment pass by.
We are very happy officially announcing Janis joining the project, his experience as Software Engineer is an asset to the IOTA foundation. Give him a warm welcome!
Welcome Richard Janis Goldschmidt to the IOTA Foundation was originally published in IOTA on Medium, where people are continuing the conversation by highlighting and responding to this story.
The monthly IOTA Research Status Update will contain news and updates about our major projects.
This month’s update is about the status of our major task, Coordicide.
Our team is split into several subgroups, each of which is focused on a specific area of Coordicide. The DRIs (Directly Responsible Individuals) for each group meet regularly to discuss developments and impacts across the groups. We have found this workflow to be very effective.
Our primary goal is to deliver a specification for the Bee node software, which will form our implementation of Coordicide. This will run first on a testnet, and then later on the Mainnet. Our team is currently engaged in three tasks: writing a research specification, whitepaper revisions and researching the Coordicide components.
This specification is similar to a whitepaper, but with sufficient technical detail for it to be transformed into our next deliverable: the engineering specification. The engineering specification will then be handed over to our developers to code, test, and release.
We have received wonderful feedback from the public and our academic collaborators, including members of the IOTA Research Council. We are now writing a revised whitepaper in light of our research. This paper is extremely important to us, forming the base through which experts can verify the core of our solution.
Coordicide component research
Coordicide is made up of several components. While we are actively researching numerous topics, our focus in this post is the major Coordicide components necessary for completing the Research specification. Below we provide status updates on these.
We have two proposals for autopeering: “salt-based” and “arrow.” We have been analyzing the salt-based proposal both analytically and through simulations in GoShimmer. In particular, we have been investigating how long connections between nodes will last, and also studying the strength of the “verifiable randomness” test. We have also started modeling the fluctuations on the number of connections of the nodes’ graph. Soon we will compare the simulation and analytic results and compile them into a number of scientific publications. Once complete, we will be able to finalize autopeering the spec for handover to the engineering team.
Fast Probabilistic Consensus (FPC)
Our simulation study of FPC was recently published on arXiv. Together with the blog posts Simulation study of FPC and The FPC simulator, this completes the first milestone in understanding FPC.
We have made significant progress with Berserk detection, and a blog post is forthcoming. The blog post is based on the IOTA.cafe thread on the topic. We will discuss a safety feature that makes it impossible to be berserk in FPC. By implementing those features we will decrease the efficacy of possible attacks, leading to decreased probabilities of agreement and termination failures. This is confirmed by both the FPC paper and our simulations.
The actual implementation of FPC will depend on parameters defined by the reputation system and mana of the nodes. Given that the precise distribution of the mana post-coordicide is variable and unknown, our approach is to study the impact of various mana distributions on the robustness and efficiency of FPC. This analysis will allow us to determine the final parameters of FPC, and complete the specification. Completing this analysis is the main focus the FPC group.
The autopeering network protocols are designed so that Cellular Automata can achieve fast and robust convergence. However, the existing theory does not cover all practical situations. To integrate CA, we first determined whether the associated analytical tests provided the desired convergence. These initial studies reinforced what we expected from the outset — that it would be difficult to get new theoretical results for CA.
The logical next step was then to perform analysis through simulation. For this purpose, CA has been implemented in GoShimmer: https://github.com/iotaledger/goshimmer/tree/ca. We will use this implementation to run tests and simulations. This will allow us to check if the expected robustness holds.
As a voting protocol, CA distinguishes itself by having extremely fast convergence, and it is thus suitable for IoT applications, where we expect it to shine. FPC provides a more robust convergence. Based on the results from the simulations, we will determine whether to include CA in the first version of Coordicide. We expect both to coexist in future optimizations.
We are currently extending our previous paper on adaptive Proof of Work, which we will submit to the IEEE ICBC Conference as a follow up of last year’s publication. After that, we plan to integrate the adaptive Proof of Work into GoShimmer for testing and parameter tuning.
In parallel, we are investigating the use of a Verifiable Delay Function (VDF) as an anti-spam mechanism. The research focuses on generating a public RSA modulus in a distributed way, which will be used in a Wesolowski-like VDF. In November, we submitted two work in progress papers to the Stanford Blockchain Conference. We are now writing a third one on how to integrate VDFs as a rate control mechanism in IOTA, which we plan to submit to ACM MobiHoc.
Additionally, we are working on the definition of a congestion control mechanism for the Tangle. The main challenge is to guarantee that the nodes share the same vision on incoming transactions (or, equivalently, preventing network splits) by efficiently using the network bandwidth. We have sketched a protocol proposal inspired by the Additive Increase Multiplicative Decrease algorithm commonly used for the Internet, and we are currently building a simulator to evaluate its efficiency. After this validation phase, the next task is to provide full specifications for Coordicide.
Various packages have been integrated on the hive.go repository. Common packages and functionalities between GoShimmer and Hornet are organized together under this single repo. The new salt-based autopeering module (from autopeering-sim) has been integrated into GoShimmer and is currently in testing/debugging phase. The ledger state is near completion, currently in the testing/debugging phase. The gossip layer has also been refactored.
These updates to GoShimmer are essential because they make the overall implementation more robust and reliable. This, in turn, will allow us to focus on integrating the voting layer.
The pieces of Coordicide are coming together! Please stay tuned for further updates, and as always, feel free to reach out in our regular communications channels. You can stay up to date with the IOTA Research team in the #tanglemath channel on our Discord. We have also recently launched our public forum: IOTA.cafe. Please do check out these resources for further details on what we have outlined above.
IOTA Research Status Update December 2019 was originally published in IOTA on Medium, where people are continuing the conversation by highlighting and responding to this story.
As you probably know by now, the Monero upgrade has been successfully implemented. Monero has successfully upgraded the network to RandomX. The Monero developers have replaced the CryptoNight algorithm, which was used since the Genesis block by Monero with RandomX. It's been also revealed that developers believe that this important step has the possibility to …
Continue reading "Is Monero Secure Enough Following The Update?"
Algorand has announced several new advanced smart contract features on its permissionless, pure proof-of-stake (PPoS) blockchain on the heels of its Transparency Report and inaugural BLS Library release. The news encompasses stateless smart contracts, atomic transfers, and standardized assets embedded into Algorand’s on-chain (layer 1) functionality. “We’re excited to add tremendous new capabilities to our …
As you know, the crypto assets are struggling to recover after the recent falls of Bitcoin. The price drop of the most important coin in the market dragged the prices for the other coins down as well. But today, the crypto market looks good with all important coins trading in the green. There's a strong …
Continue reading "Price Predictions For BTC, ETH, And XRP"
The crypto market looks good today, with the most important digital assets trading in the green. The cryptos are struggling to recover after the recent drops in the price of Bitcoin (BTC). At the moment of writing this article, BTC is trading in the green and the most important coin in the market is priced …
Cardano was recently in the spotlight when Weiss ratings compared the project to EOS. “Cardano is clearly superior to #EOS. EOS was first to market, but it’s becoming increasingly clear that of the two, Cardano is vastly superior…” according to Weiss Ratings agency. Cardano is getting ready for a major boost in 2020 Cardano’s creator …
Continue reading "Cardano’s Charles Hoskinson Has A Massive Push Plan For 2020"
Despite the high volatility in the crypto market, there are various optimistic crypto predictions that pop up on a daily basis. Bloomberg released the outlook on Bitcoin for 2020 and said that it’s only a matter of time before the crypto hits $10k again. BTC to reach $10k soon “Increasing adoption of Bitcoin, the digital …
Monero seems to have started an uptrend following the latest upgrade that the protocol went through, but this doesn't seem to have lasted for too long as the coin fell below the $53 support. XMR in the crypto market At the moment of writing this article, despite the fact that most digital assets are trading …
Continue reading "Monero Is Struggling Below $53 Following The Latest Upgrade "
XRP hodlers are waiting to see a surge in the price of their favorite digital asset. The coin's price has been lagging this year, compared to BTC and other digital assets. At the moment of writing this article, XRP is trading in the green, and the coin is priced at $0.215479. The whole crypto market …
Continue reading "Santander Teases US-Mexico Remittances – Will It Use XRP?"
Ripple has been promoting the payment solution ODL a lot lately. This is the On-Demand Liquidity, formerly known as xRapid, which is powered by XRP. FlashFX teams up with Bitstamp Ripple partner FlashFX, an international money transfer company, said that it’s teaming up with Bitstamp. The partnership will use Ripple’s cross-border payment solution ODL, and …
Continue reading "Ripple Partner FlashFX Teams Up With The Crypto Exchange Bitstamp"
Ripple and XRP had a great year, and these two entities have been marking a lot of achievements in 2019. The San Francisco-based company bagged new partnerships, while at the same time, boosting its products and the whole XRP ecosystem. More than that, the firm has also been promoting the adoption of XRP which has …
Continue reading "XRP Ledger Is Used For CoinField’s Crypto Trading Platform Sologenic"
The crypto market is struggling to recover these days, following the recent falls in BTC’s price. At the moment of writing this article, most coins are trading in the green, and Bitcoin is no exception. Despite the high volatility in the crypto market, there have been various optimistic predictions about the price of BTC and …
Continue reading "New Bitcoin Prediction Surfaces From Analyst Who Predicted BTC Crash"
Welcome to this week’s eth2 quick update! tldr; Parity’s Shasper joins Prysmatic’s Sapphire testnet (the first public eth2 multi-client testnet)! Multiple eth2 block explorers launch – Bitfly’s beaconcha.in and Etherscan First eth2 networking call to tackle all the networkings – Ben’s notes and Mamy’s notes First eth2 phase2 community call...
Monero’s developers confirmed the hard fork was a success, and it was implemented on block 1978433. As you already know, the upgrade of the network took place on November 30. Upgrading the Monero network to RandomX Monero has successfully upgraded the network to RandomX. The project's developers have put forth the idea of a new …
Continue reading "Monero Price: XMR/USD Ignores The Hard Fork That Just Took Place On The Network"
While most coins have been dropping in price during these past few days, VeChain's VET's price was boosted by a recent move that the team made. VeChain saw a significant surge after they announced the latest partnership. The team has been bagging a lot of important partnerships this year. Thor blockchain to be used for …
Continue reading "VeChain (VET) Surges After Revealing New Partnership"
Litecoin was in the spotlight not too long ago when creator Charlie Lee talked about privacy. He talked about the reasons for which the platform has decided to use MimbleWimble to power confidential transactions. After that, it's been revealed that the Litecoin Foundation director Franklyn Richards says that the plans to add confidential transactions to LTC …
Opening Line, Inc. is one of the unique companies in Japan with a focus on developing solutions on the NEM blockchain. Examples of these are apps/services, PoCs. Opening Line also holds information and educational...
The crypto market is filled with red again, and Ripple's coin XRP is no exception. Ripple and XRP had a great year with various achievements, which include great partnerships and increased adoption, but one thing has been missing. XRP army of fans was waiting all year to see all these achievementns, mirrored in the coin's …
Continue reading "XRP Has To Move Above This Critical Line To Avoid A Further Price Drop"
Translations: Japanese: here Spanish: Forthcoming Mandarin: Forthcoming Italian: Forthcoming Russian: Forthcoming Hi everyone, We wanted to share a quick status report that the next brand steering committee meeting will be on Dec 5th to...
The crypto market looks bloody red today, with most coins trading in the red. At the moment of writing this article, BTC is trading in the red, and the coin is priced at $7,193.07. Despite the high volatility of the crypto market, the optimistic Bitcoin-related predictions still pop up in the crypto space. A new …
Continue reading "Bitcoin “Market God” Indicator Appears And Shows The Coin’s Move"
Alex Westerhof is joining the IOTA Foundation as Partner Manager. In this role, he will focus on managing IOTA’s corporate partnerships, as well as support with overall partner strategy and activation planning.
Alex lives in Deventer, the Netherlands and has a strong background in key account and partner management, and business development. Working at Hewlett Packard Enterprise and Gartner, he was responsible for driving impactful partnerships with large-sized companies and global clients in various verticals over the past 10+ years. He is a generalist with a keen interest in business strategy and technology alignment.
He studied Tourism & Leisure Management and earned a Bachelor’s degree at the Breda University of Applied Sciences. From an early age, Alex had a passion for traveling and exploring the world. He got a Master’s degree in Account Management at the Frontline Business School and also completed several professional programs at the Rotterdam School of Management.
He learned about IOTA two years ago. His experience working in the technology and research industry made him understand the need for social and environmental change. He quickly realized the positive impact IOTA can have on the different levels of our digital society.
On joining IOTA
Together with a broad ecosystem of partners and a thriving community, the IOTA Foundation is building the global, digital trust layer needed to drive a new wave of innovation and growth. In order for society, industries, organizations of all shapes and sizes, down to us as individuals to benefit from this next wave, the digital trust layer has to be permissionless, open, feeless and take an autonomous future into account.
I’ve followed IOTA’s progress and witnessing the foundation’s ethos over the past two years. I am thrilled to join the foundation that is building the digital trust layer needed to drive this new wave of innovation and growth where ultimately all stakeholders will benefit.
I look forward to jointly drive successful outcomes with our ever-expanding ecosystem of partners, who are optimizing and transforming their respective environments together with IOTA.
We are very happy officially announcing Alex joining the project, his background and experience in management and business development will assist the foundation in its next phase of growth. Establishing long-term, impactful, relationships with existing and new partners is key to further advance IOTA into the corporate world and drive adoption. Give him a warm welcome!
Welcome Alex Westerhof to the IOTA Foundation was originally published in IOTA on Medium, where people are continuing the conversation by highlighting and responding to this story.
5% of the global GDP is at stake, but regulatory and procedural challenges remain. Global Trade & Supply Chain is expected to go through monumental changes with the help of distributed ledger technologies and other emerging technologies.
But it is not an overnight operation to unlock the full potential of the ledger in trade and customs environments and that is what we will hear more about in episode 16 of Untangled.
Emmanuelle Ganne, Senior Analyst and Blockchain Lead at the WTO Economic Research Department, Pashupati Pandey, Senior Technical Officer at Complicance and Facilitation in the WCO, and Jens Munch, Head of Global Trade & Supply Chain in the IOTA Foundation all share their insights about what it takes to successfully implement distributed ledger technologies under global trade frameworks.
Listen to the last episode here:
Global Trade & Supply Chain | Untangled
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Untangled Episode #16: Global Trade & Supply Chain was originally published in IOTA on Medium, where people are continuing the conversation by highlighting and responding to this story.
Monero suffered a huge fall in price when BTC fell as well and dragged the whole crypto market down. But despite the massive volatility of the crypto market, the interest in Monero is still on the rise, and BTC also gathered more attention this year. The optimistic crypto predictions continued to pop up in the …
Continue reading "Monero Price Recovery: XMR Found Support Above $54"
Facebook's Libra project triggered a lot of excitement when the issue first came up in the crypto space, but then the controversies kept popping up, and there's been a lot of concern now regarding this bold project that the social media giant has in store. Ripple CEO is worried that Libra can hurt the crypto …
Continue reading "Facebook’s Libra Is Reportedly Playing A Vital Role In Bitcoin Market Downturn"
Ripple and XRP have been making headlines a lot this year, due to all kinds of achievements and also controversies. Ripple has been enjoying new and important partnerships while boosting its products and promoting the adoption of XRP as well. The company has been accused of centralization because they own such a huge chunk of …
Continue reading "One Billion XRP Is Released From Escrow – XRP Price Predictions"
Top equity-crowdfunding platform PitchIn to facilitate raise for enterprise blockchain solution for anti-counterfeiting and theft CYBERJAYA (MALAYSIA), DECEMBER 1, 2019 — pitchIN, a Malaysian licensed equity crowdfunding operator has obtained approval from the...
Binance was recently in the spotlight following some pretty exciting adoption-related news. Binance acquired India’s leading digital asset platform WazirX, enabling crypto traders in India to buy and sell BTC and more digital assets with fiat currencies. Starting November 25, users received the opportunity to log in to the Binance Fiat Gateway (a fiat-to-crypto portal) …
Continue reading "Binance Breaks Bitcoin Volume Record And Rolls Out Ethereum Futures Platform"
The crypto market is struggling to recover these days after the recent BTC fall. At the moment of writing this article, Bitcoin is trading in the green and the most important digital asset on the market is priced at $7,296.40. Bitcoin is reportedly on its way to $100k Plan B’s latest outlook on crypto is …
Continue reading "Bitcoin Is On Course For $100,000 Following Next Year’s Halving"
2019 Pt. 2 -
Friends, Since the last EF-Supported Teams report, progress has been made across the board. From improved network conditions, to the coming Istanbul release and Eth1.x and Eth2 development, all areas core to the functionality and sustainability of Ethereum are advancing. This series focuses on teams and efforts from the Foundation...