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      "body": "Yes i agree with point  there is need of ISO certification .\nISO 27001 is an international standard on how to manage information security. ISO refers to the International Organization for Standardization.\nISO 270001 Certification is needed in this modern era. Training and certification will give an itemized comprehension of review philosophy including meeting methods, inspecting hazard appraisals, guaranteeing fitting restorative activity, and rehearsing new aptitudes.\nThe value for this certificate is more in the corporate world\nISO 27001 was developed to help organizations, of any size or any industry, to protect their information in a systematic and cost-effective way, through the adoption of an Information Security Management System (ISMS).\n\nAchieving accredited certification to ISO 27001 demonstrates that your company is following information security best practice, backed by an independent, expert assessment of whether your data is adequately protected. ISO 27001 is supported by its code of practice for information security management, ISO/IEC 27002:2013.\n\nI have one reference from my colleagues  where you can do ISO 27001 lead auditor certification course with training. This course is from GSDC. The ISO 27001 lead auditor certification cost course is affordable.  This certification is valid for lifetime and accepted globally. You can check the given link below : \nhttps://www.gsdcouncil.org/certified-iso-27001-lead-auditor",
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      "parent_permlink": "quant",
      "author": "mickeymaler",
      "permlink": "fundamental-analysis-of-quant-network",
      "title": "FUNDAMENTAL ANALYSIS of QUANT NETWORK",
      "body": "<html>\n<p>Hello everyone!</p>\n<p>Today I am sharing a research piece I’ve been working on regarding the Project Quant Network and QNT, it’s an ERC-20 utility token.</p>\n<p><strong>What is Quant Network?</strong></p>\n<p><img src=\"https://miro.medium.com/max/60/0*HH0Ro46m3CuLnGWH.png?q=20\"/><img src=\"https://miro.medium.com/max/983/0*HH0Ro46m3CuLnGWH.png\"/></p>\n<p><a href=\"https://www.quant.network/\">Quant Network</a> is a UK company, based in London, which developed the world’s first blockchain operating system known as Overledger, a system which inter-connects blockchains and existing networks, facilitating the creation of internet-scale multi-chain applications. Their project has a token, <a href=\"https://coinmarketcap.com/currencies/quant/\">QNT </a>which is integral to its Overledger platform and the demand for which will increase as usage through the system increases.</p>\n<p><strong>Team and Advisors</strong></p>\n<p>The company is founded and led by <a href=\"https://www.gilbertverdian.com/bio/\">Gilbert Verdian</a> , a technologist with over 20 years of industry experience working in the enterprise, finance, government and financial entities such as HSBC and Mastercard, giving the project the necessary connections within business and finance to succeed. Other team members can be found on LinkedIn.</p>\n<p>Plus, In 2019, Guy Dietrich, Managing Director of Rockefeller Capital (yes, that Rockefeller) joined the board of Quant Network, supporting the company’s ongoing expansion in the US.</p>\n<p><strong>Partnerships and Enterprise Adoption</strong></p>\n<p>This point is very interesting since Quant has a business development pipeline of 300 clients consisting of financial institutions, central banks, government health services, and other enterprise-level organizations, and established partnerships with many large and leading organizations within technology.</p>\n<p><img src=\"https://miro.medium.com/max/60/0*-vmabd2cbyymKkzT.png?q=20\"/><img src=\"https://miro.medium.com/max/1127/0*-vmabd2cbyymKkzT.png\"/></p>\n<p>As well as yet to be disclosed financial institutions, they have an ongoing project with European ICT giant, <a href=\"https://www.sia.eu/en\">SIA</a> which is probably the largest most significant finance-related partnership ever landed by a cryptocurrency project. Integrating Overledger and QNT into the core of global financial infrastructure (<a href=\"https://www.sia.eu/en/media-events/news-press-releases/sia-partners-with-quant-network-to-explore-innovative-solutions-in-blockchain-interoperability-for-banks-and-financial\">more here</a>). What most crypto investors don’t comprehend is that if The Human Body was the European Banking System, SIA would be the veins that carry the blood between all the organs. SIA has around 580 banks in their network and processes inter-banking transactions between all of them.</p>\n<p><img src=\"https://miro.medium.com/max/60/0*7ACpi4Dai7TR8l6K.png?q=20\"/><img src=\"https://miro.medium.com/max/713/0*7ACpi4Dai7TR8l6K.png\"/></p>\n<p><strong>GITHUB</strong></p>\n<p>This is where things get a little bit complicated. There´s not much info regarding Overledger (quant’s interoperability solution) in GitHub with only a few entrances being published as the SDK code. However, being that, Quant is a company that exists and operates primarily within the enterprise space where Overledger acts as a <strong>Patended</strong> solution it’s understandable that the code won&#x27;t ever be purely open source since it’s the heart and soul of the company. According to the CEO, there are 500 non-public entrances on GitHub but they remain private.</p>\n<p><strong>EXCHANGES</strong></p>\n<p>Another negative point in QNT inventory is the lack of exchanges. Currently, the only reputable exchanges where you can find QNT are IDEX, Bittrex Global and Bithumb. A tier 1 exchange was announced last year but it never came to life. According to an AMA that the CEO did on Telegram, some of Quant´s institutional partners don’t feel comfortable with Quant paying to get the utility token listed on non regulated exchanges. Therefore only a few alternatives remain, like for example Kraken, Bitstamp or Coinbase. According to a publication made on <a href=\"https://www.reddit.com/r/QuantNetwork/comments/eo3wi7/quant_exchange_strategy_2020/\">Quant Network reddit</a> the team is pursuing a listing on these exchanges and also traditional exchanges that will start to accept crypto assets for their institutional clients this year.</p>\n<p><strong>FUTURE DEVELOPMENTS</strong></p>\n<p>In Q2 2020, there are a lot of milestones for Quant Network to achieve. According to the roadmap, Overledger will pass from the Testnet to the Mainet version. This means that all the clients will have to start paying for the licenses to use Overledger (OVN) with fiat currencies that later are converted to QNT and locked up for the length of the license period. Also, getaways (similar to master nodes) will be launched where you can stake QNT to help process transactions through the network. All of this will be demonstrated on the Overledger dashboard. There are also hints about an SIA update, exchanges listings and of course new institutional clients announcements.</p>\n<p><img src=\"https://miro.medium.com/max/60/0*TTrCVmCmaTd-AlUZ.jpg?q=20\"/><img src=\"https://miro.medium.com/max/541/0*TTrCVmCmaTd-AlUZ.jpg\"/></p>\n<p><strong>POTENTIAL ROI</strong></p>\n<p>As of today, Quant Network utility token, QNT, has a valuation of around 3.7$ and a market cap of 45M$ according to Coinmarketcap with All-Time High at around 14$ (when the SIA partnership was announced). According to a Forbes article, QUANT did 10M in revenue last year and if everything goes according to plan they will surpass that value this year. Even though there are some minor issues with Quant Network like lack of Github commitments and high liquidity exchanges the pros seem to surpass the cons in regards to the project. In the coming months, the business developments like getaways, treasury, and dashboard that Quant has in the pipeline can bring the value of the utility token to new highs as partnerships, exchanges and other clients are also announced.</p>\n<p>As always, crypto is a volatile market and make sure you <strong>DYOR</strong> regarding any recommendations you read online.</p>\n<p><strong>Thank you</strong> for reading my first ever article and let me know what you think in the comments.</p>\n<p><strong>Official TG:</strong><br/>@QuantOverledger</p>\n<p><strong>Quant AMA’s</strong></p>\n<p>March 13th — <a href=\"https://t.co/3XGfC9Y1a8?amp=1\">https://t.co/3XGfC9Y1a8?amp=1</a><br/>March 27th — <a href=\"https://t.co/RrXazYl5yn?amp=1\">https://t.co/RrXazYl5yn?amp=1</a></p>\n<p><strong>Seq’s Quant Overledger Series — The </strong><a href=\"https://www.uptrennd.com/hash-tag/1\"><strong>#1</strong></a><strong> Primer for Quant Overledger</strong></p>\n<p>Part One — <a href=\"https://medium.com/@CryptoSeq/quant-networks-overledger-part-one-blockchain-fundamentals-db7fdb43058a\">Blockchain Fundamentals</a></p>\n<p>Part Two — <a href=\"https://medium.com/@CryptoSeq/quant-networks-overledger-part-two-the-layers-of-overledger-ea23a7148af1\">The Layers Of Overledger</a></p>\n<p>Part Three — <a href=\"https://medium.com/@CryptoSeq/quant-networks-overledger-part-three-trusttag-and-the-tokenisation-of-data-71b325f4247d\">TrustTag and the Tokenisation of data</a></p>\n<p>Part Four — <a href=\"https://medium.com/@CryptoSeq/quant-networks-overledger-part-four-features-overledger-provides-to-mapps-ade5d3d3b613\">Features Overledger provides to MAPPs</a></p>\n<p>Part Five — <a href=\"https://medium.com/@CryptoSeq/quant-networks-overledger-part-five-creating-the-standards-for-interoperability-307f342facb3\">Creating the Standards for Interoperability</a></p>\n<p>Part Six — <a href=\"https://medium.com/@CryptoSeq/quant-networks-overledger-part-six-the-team-behind-overledger-and-partners-120d4bbb5d60\">The Team behind Overledger and Partners</a></p>\n<p>Part Seven — <a href=\"https://medium.com/@CryptoSeq/quant-networks-overledger-part-seven-the-qnt-token-d6b945ea15f1\">The QNT Token</a></p>\n<p>Part Eight — <a href=\"https://medium.com/@CryptoSeq/quant-networks-overledger-part-eight-enabling-enterprise-mass-adoption-f0e0e41363ab\">Enabling Enterprise Mass Adoption</a></p>\n</html>",
      "json_metadata": "{\"tags\":[\"quant\",\"qnt\",\"cryptocurrency\",\"crypto\",\"blockchain\"],\"users\":[\"quantoverledger\"],\"image\":[\"https://miro.medium.com/max/60/0*HH0Ro46m3CuLnGWH.png?q=20\",\"https://miro.medium.com/max/983/0*HH0Ro46m3CuLnGWH.png\",\"https://miro.medium.com/max/60/0*-vmabd2cbyymKkzT.png?q=20\",\"https://miro.medium.com/max/1127/0*-vmabd2cbyymKkzT.png\",\"https://miro.medium.com/max/60/0*7ACpi4Dai7TR8l6K.png?q=20\",\"https://miro.medium.com/max/713/0*7ACpi4Dai7TR8l6K.png\",\"https://miro.medium.com/max/60/0*TTrCVmCmaTd-AlUZ.jpg?q=20\",\"https://miro.medium.com/max/541/0*TTrCVmCmaTd-AlUZ.jpg\"],\"links\":[\"https://www.quant.network/\",\"https://coinmarketcap.com/currencies/quant/\",\"https://www.gilbertverdian.com/bio/\",\"https://www.sia.eu/en\",\"https://www.sia.eu/en/media-events/news-press-releases/sia-partners-with-quant-network-to-explore-innovative-solutions-in-blockchain-interoperability-for-banks-and-financial\",\"https://www.reddit.com/r/QuantNetwork/comments/eo3wi7/quant_exchange_strategy_2020/\",\"https://t.co/3XGfC9Y1a8?amp=1\",\"https://t.co/RrXazYl5yn?amp=1\",\"https://www.uptrennd.com/hash-tag/1\",\"https://medium.com/@CryptoSeq/quant-networks-overledger-part-one-blockchain-fundamentals-db7fdb43058a\",\"https://medium.com/@CryptoSeq/quant-networks-overledger-part-two-the-layers-of-overledger-ea23a7148af1\",\"https://medium.com/@CryptoSeq/quant-networks-overledger-part-three-trusttag-and-the-tokenisation-of-data-71b325f4247d\",\"https://medium.com/@CryptoSeq/quant-networks-overledger-part-four-features-overledger-provides-to-mapps-ade5d3d3b613\",\"https://medium.com/@CryptoSeq/quant-networks-overledger-part-five-creating-the-standards-for-interoperability-307f342facb3\",\"https://medium.com/@CryptoSeq/quant-networks-overledger-part-six-the-team-behind-overledger-and-partners-120d4bbb5d60\",\"https://medium.com/@CryptoSeq/quant-networks-overledger-part-seven-the-qnt-token-d6b945ea15f1\",\"https://medium.com/@CryptoSeq/quant-networks-overledger-part-eight-enabling-enterprise-mass-adoption-f0e0e41363ab\"],\"app\":\"steemit/0.2\",\"format\":\"html\"}"
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      "title": "Blockchain is getting attention via cooperation with ISO standards",
      "body": "# Blockchain is getting attention via cooperation with ISO standards\n\n<center>\n![Screenshot from 2020-04-02 10-16-37.png](https://cdn.steemitimages.com/DQmQG4fqKJUf8BmQVma9KStAN84fWvokdnuMgzsX9wX7HuF/Screenshot%20from%202020-04-02%2010-16-37.png)\n</center>\n\n********************\n\n*This article gives you an introduction to what ISO is about, describes the cooperation between the ISO party and the blockchain project, and provides information on how blockchain technology works*\n\n## Introduction\n\nMuch like the roads need traffic lights and modern states would not work without the rule of law, every important aspect in the fields of technology, economy, health care, and medicine needs ISO standards. These standards declare the correct limits, values, procedures, quality evaluation methods, and many others.\n\nISO Standards are a key part of our society as they ensure quality and safety in both products and services in international trade. ISO standards benefit businesses by cutting costs through improved systems and procedures.\nSimilarly, governments can benefit greatly from ISO standards, as these can support common good by providing expert-approved global norms, and thus also pave the way to the global exchange of goods and ideas. Many governments, therefore, implement international standards and integration of ISO standards, which ensures transparency for trading parties world-wide.\n\nThe first interaction with the ISO world for many industries was a requirement to attain ISO 9001, Total Quality Management, in 2015. ISO 9001 is the stamp of approval indicating that a company is following good practices and procedures usually in the manufacturing industry.\n\nThese days, we can again hear or read about ISO standards and its because a rising cardinality of ISO mentions right next to another technological chapter of the 21st century, a blockchain.\n\n__Importance of standards - a summary__\n\n• Goal: Enabling ecosystems through interoperability\n• Challenge: Anticipating technology trends and their impact on applications\n\n<center></center>\n*“Trusted standards mean that industry doesn’t need to reinvent the wheel, that innovations will be compatible and work with existing technology, and that products and services will be trusted, too. Governments use standards as trusted solutions to complement regulation, and they give peace of mind to consumers who know they are not putting themselves or their families at risk.” - Acting ISO Secretary-General Kevin McKinley*\n\nTo extend the above wheel analogy further, the uses of the wheel as an instrument were initially very limited, but eventually, it permeated every aspect of the industrial revolution and the world it created. In many ways, the internet is the new wheel, and the blockchain works as its pneumatic tire - an enhancement to make the wheel even more useful and ubiquitous.\nNevertheless, there is still some uncertainty about how innovative an aspect this technology can prove for the IT infrastructure of the future. A lot will depend on what can be built on or around the blockchain technology. Implementing blockchain-based solutions to systems that deliver ISO standards globally is a great step towards adopting the blockchain technology thoroughly.\n\nSome may still not believe that blockchain could ever transcend the pitfalls of being \"just another technological buzzword\". However, since this technology is starting to permeate areas like the ISO, banking, or identity protection, many have already started paying closer attention. \n\nBlockchain is a cryptography-focused architecture based on the Internet protocol and powered by networked computer servers that do not need to be set up by developers.\nThat is, however, just one of its many attractive features.\nIn addition, a blockchain is a software approach designed to bind this hardware together and dedicate it to the Consensus, a universal validity check system that, among others, uses the Proof of Work (PoW) and Proof of Stake (PoS) methods for validation, and is the primary layer of any decentralized verification architecture. \nIn many respects, blockchain can be considered a meta-technology, since it utilizes, enhances, and potentially supersedes other, already existing, software technologies. As such, it allows us to create versatile technological solutions that aim to minimize the agency of third-party providers and, in a way, to return the power back to the users. This can be achieved by the blockchain providing an environment where users can interact freely in a trustless ecosystem for very low to almost-zero fees and at speeds that make everybody in the world reachable in a matter of minutes.\nTo make that possible, the blockchain can also be used as a transaction platform and distributed accounting ledger that uses cryptocurrency tokens (digital money) as a demonstration of a specific value at the current time (much like traditional fiat currencies).\n\nNevertheless, for trustless technology to work on a global scale, it needs to implement trust in a different manner. This is where ISO standards come into the picture, as they ensure that the blockchain interactions follow globally applicable rules, norms, and procedures. This is also why starting in 2016, blockchain has its own set of ISO standards, called ISO/TC307.\n## Gilbert Verdian and ISO/TC307\n[Gilbert Verdian](https://www.linkedin.com/in/gverdian/) drove the initiative to develop a Blockchain *ISO Standard*, eventually approved in October 2016 as *[ISO/TC307 - BLOCKCHAIN AND DISTRIBUTED LEDGER TECHNOLOGIES](https://www.iso.org/committee/6266604.html)*. 35 countries and organizations were involved in the completion of this project. \n\n<center>\n![Screenshot from 2020-04-02 11-57-18.png](https://cdn.steemitimages.com/DQmUrJNgoA1uKaMv4WicCi2S52P4uZhFZW11Khzc5VCszJQ/Screenshot%20from%202020-04-02%2011-57-18.png)\n</center>\n\nISO/TC 307 currently operates in structure cells that are created and disbanded when needed.\n\nISO/TC 307/CAG 1 Convenors coordination group\nISO/TC 307/JWG 4 Joint Working Group with ISO/IEC JTC 1/SC 27 WG\nISO/TC 307/SG 2 Use cases\nISO/TC 307/SG 6 Governance of blockchain and distributed ledger technology systems\nISO/TC 307/SG 7 Interoperability of blockchain and distributed ledger technology systems\nISO/TC 307/WG 1 Foundations\nISO/TC 307/WG 2 Security, privacy and identity\nISO/TC 307/WG 3 Smart contracts and their applications\n\nThe proposal of this standard is the standardization of blockchains and distributed ledger technologies to support interoperability and data interchange among users, applications, and systems.\nGilbert Verdian is the current chairman of the ISO National Committee on Blockchain for the UK.\n\n<center>\n![Screenshot from 2020-04-02 10-17-36.png](https://cdn.steemitimages.com/DQmTqefRigwFJXD1LCdVixfbMTy3MbrURRwuLY9H5jtREzi/Screenshot%20from%202020-04-02%2010-17-36.png)\n</center>\n\n#### ISO/TC307 tools\n\n\nLiveLink - a portal for all documents, email communications, a forum, and even a list of members who are registered for a particular working group.\nN-docs - documents that are assigned with sequential numbering for ease of reference.\n\n<center>\n![Screenshot from 2020-04-02 11-53-37.png](https://cdn.steemitimages.com/DQmP8dZmF7R7oCP9KCWnP4weGptsACTXQhMgLMCciSeTXQs/Screenshot%20from%202020-04-02%2011-53-37.png)\n</center>\n\n#### Other relevant standardization efforts next to ISO/TC307\nITU-T Focus Group on Application of\nDistributed Ledger Technology\nIEEE Blockchain initiative\nCEN/CENELEC Focus Group on Blockchain and DLT\n## Rick Schmitz - Blockchain as an ISO integrator\nThe paragraphs below provide an example of blockchain-based solutions and a company that delivers ISO standards in mutual collaboration.\n\nIn August 2019, there was a collaboration agreement signing by LTO Network's Rick Schmitz and NEN, the Dutch Standardization Institute.\nBy utilizing LTO Network's hybrid blockchain, NEN has become one of the first standardization agencies around the world to store hashes of standardization certificates on the blockchain in a decentralized manner.\n\nThe decentralized solution created by this fusion delivered an instant verification of certificates provided by NEN using patented smart QR codes, hashes of which are safely stored on the LTO blockchain which is currently 23th most used blockchain (source - *[Blockchain Activity Matrix](https://blocktivity.info/)*). Stakeholders can then use the QR codes to confirm the validity of any certificate issued by NEN in a matter of seconds. Changes to the certificates will be automatically reflected in their QR codes, which are then re-hashed on the blockchain to safeguard the validity of the certificate’s current state. Any possible tampering with these QR codes will make them out-of-sync with the data stored on the blockchain, and they will, therefore, be found invalid by the parties involved.\n## Why is blockchain a good solution?\n\nTraditionally, electronic security focuses on authorization, authentication, and access control. These mechanics are intended to keep unauthorized users from accessing or modifying data. However, when it comes to authorized access, either on application or system level, it does not provide any protection. Blockchain enables tamper resistance for data through distribution over many systems that are run and managed by independent parties. \nThis is ensured by the architecture of the blockchain, where every piece of data has thousands of globally distributed copies. A potential attacker intent on breaching the certificate would have to compromise the majority of the data distribution at the same time, which is extremely hard, expensive, and with a well-designed blockchain almost impossible.\n\nTo reiterate, blockchain is a versatile solution for a variety of real-world use cases, and it is up to innovative minds how soon and how extensively this “pneumatic tire” of the internet will be used for the betterment to many walks of the modern life.\n\n\n## The End\n### References\n#### Basic ISO use cases\n\n* Getting government tenders: ISO certificate is now required in the majority of government tenders.\n* Building credibility internationally: [ISO Certification](https://www.quora.com/Why-do-we-need-ISO-standards) helps your organization with credibility to build an overseas business.\n* Greater customer satisfaction: ISO standards are designed to enable an organization to serve their customers better and hence increase customer satisfaction. [ISO](https://www.legalraasta.com/iso-registration/) certification enhances customer satisfaction by meeting customer requirements.\n* Improving product quality: Since product quality matches the international level, this can reduce the risk of order rejections that can occur due to a flaw in the product.\n* Improving business efficiency: ISO certification implementation enhances the functional efficiency of an organization. The [ISO Certification](https://www.legalraasta.com/iso-registration/) agency helps you develop SOPs & work instructions for all your processes. ISO implementations help manage the resources effectively, as you become able to utilize all your resources to the maximum extent.\n* Improving marketability: ISO certification helps improve the credibility of business with a current & new client, which leads to creating a niche market for business. [Source - Quora](https://www.quora.com/Why-do-we-need-ISO-standards)\n\n#### About NEN\n\nThe Netherlands Standardization Institute (NEN) is a center of standardization that helps parties adhere to established standards and terms of conduct, and to agree on clear and usable terms. NEN also helps Dutch companies and parties make agreements with other organization at an international level.\nNEN’s business activities include European and national standardization, investigating, issuing certificates, training and consulting about international standards, and maintaining the infrastructure required for drawing up these standards.\n\n\n#### About LTO Network\nLTO Network is a member of the **blockchain standards committee** (as well as an ISO/ TC 307 contributor) and the **[International Association for Trusted Blockchain Applications](https://inatba.org/)** (INATBA).\nLTO Network develops and provides a Toolkit for Trustless Workflows (as a product/service). It is a solution that automates workflows in the business-to-business (B2B) market by making them trustworthy between each party.\nTo execute this, they split up their solution into a Hybrid Chain with two different layers.\nThe second layer uses permissionless private chains, which utilize LTO “Live Contracts”. The “Live Contract” is like a workflow to automate processes (for example, a customer who applies within a KYC, which is getting signed by the company).\nThe information about this event happening gets hashed (saved within the cryptographic algorithm) on the first layer, which acts then as the security layer. All of this is possible by connecting legacy systems that the parties already use, making integration of a blockchain seamless/fluent.\n\n#### About Quant Network\nQuant Network is a UK company, based in London, which developed the world’s first blockchain operating system known as Overledger, a system that interconnects blockchains and existing networks, facilitating the creation of internet-scale multi-chain applications. Their project has a token, QNT which is integral to its Overledger platform and the demand for which will increase as usage through the system increases.\nThe company is founded and led by __Gilbert Verdian__ , a technologist with over 20 years of industry experience working in an enterprise, finance, government and financial entities such as HSBC and Mastercard.",
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      "body": "@@ -209,34 +209,16 @@\n enter%3E%0A%0A\n-%3Ccenter%3E%3C/center%3E%0A\n %0A%7C%5BWeb p\n@@ -421,16 +421,17 @@\n ---:%7C%0A%0A%0A\n+%0A\n %7C%5BGitBoo\n@@ -746,37 +746,16 @@\n enter%3E%0A%0A\n-%0A%0A%3Ccenter%3E%3C/center%3E%0A%0A\n ********\n@@ -882,16 +882,20 @@\n rty and \n-\n+the \n blockcha\n@@ -1442,90 +1442,65 @@\n de. \n-Businesses can be seen to benefit from ISO standards as they can help cut costs by\n+ISO standards benefit businesses by cutting costs through\n  imp\n@@ -1546,13 +1546,9 @@\n ce.%0A\n-The g\n+G\n over\n@@ -1552,16 +1552,17 @@\n vernment\n+s\n  can ben\n@@ -1596,227 +1596,306 @@\n ards\n- which can be used to support public policy by gett\n+, as these can support common good by provid\n ing \n-an \n expert\n- opinion and also opening up world trade. Many governments implement international standards; therefore, this integration ensures clarity worldwide for tra\n+-approved global norms, and thus also pave the way to the global exchange of both goods and ideas. Many governments implement international standards and integration of ISO standards, therefore, ensures transparency for trading parties world-wi\n de.%0A\n@@ -2087,16 +2087,17 @@\n  trusted\n+,\n  too. Go\n@@ -2329,158 +2329,44 @@\n y*%0A%0A\n-Considering the above mention analogy, the intention of the wheel and the internet, let's make a straightforward analogy for the blockchain. Initially\n+ To extend the wheel analogy further\n , us\n@@ -2403,16 +2403,26 @@\n nt were \n+initially \n very lim\n@@ -2430,16 +2430,28 @@\n ted, but\n+ eventually,\n  it perm\n@@ -2503,316 +2503,245 @@\n on a\n-s\n+nd\n  the \n-time was walking on by. I am not suggesting that blockchain is as significant as the invention of the wheel; that honor belongs to the internet, but the blockchain may be likened to a pneumatic tire. The pneumatic tire: another step in the evolution of the wheel.%0AMany people have no idea at this stage\n+world it created. In many ways, the internet is the new wheel,  and the blockchain works as its pneumatic tire - an enhancement to make the wheel even more useful and ubiquitous.%0ANevertheless, there is still some uncertainty about\n  how\n@@ -2752,16 +2752,19 @@\n ovative \n+an \n aspect t\n@@ -2783,14 +2783,15 @@\n gy c\n-ould b\n+an prov\n e fo\n@@ -2821,21 +2821,18 @@\n  of \n-upcoming days\n+the future\n . A \n@@ -2911,29 +2911,8 @@\n ogy.\n- Only time will tell.\n  Imp\n@@ -2959,21 +2959,20 @@\n systems \n-which\n+that\n  deliver\n@@ -3023,56 +3023,53 @@\n rds \n-the technological inhabitation of the blockchain\n+adopting the blockchain technology thoroughly\n .%0A%0AS\n@@ -3191,17 +3191,16 @@\n zzword%22.\n- \n  However\n@@ -3239,18 +3239,18 @@\n ing to p\n-r\n e\n+r\n meate ar\n@@ -3374,17 +3374,19 @@\n the \n-main hero\n+protagonist\n  of \n@@ -3420,107 +3420,61 @@\n **, \n-- One of the Top 20 most popular cryptocurrency in use by a number of transactions (TX%E2%80%99s) of today.\n+the blockchain-based ecosystem from the Netherlands. \n %0A%0A%3Cc\n@@ -3724,21 +3724,16 @@\n  also an\n-other\n  importa\n@@ -3758,61 +3758,8 @@\n work\n-, the blockchain-based ecosystem from the Netherlands\n . LT\n@@ -4844,17 +4844,16 @@\n  NEN?*%0A%0A\n-%0A\n *A: Yes,\n@@ -6247,17 +6247,16 @@\n ty focus\n-s\n es on au\n@@ -6311,18 +6311,19 @@\n  The\n- t\n+se m\n ech\n+a\n ni\n-que\n+c\n s ar\n@@ -6358,14 +6358,12 @@\n zed \n-person\n+user\n s fr\n@@ -6485,18 +6485,19 @@\n  it does\n-n%E2%80%99\n+ no\n t provid\n@@ -7012,20 +7012,104 @@\n %0A%0A%0A%0A\n-//\n+## \n Final \n-Glue\n+Quotes%0AThe men spearheading the deal said the following about their future cooperation:\n %0A%0A*%E2%80%9C\n@@ -7783,16 +7783,17 @@\n twork*%0A%0A\n+%0A\n %3Ccenter%3E\n@@ -8225,30 +8225,26 @@\n popular \n-cryptocurrency\n+blockchain\n  in use \n@@ -8277,16 +8277,30 @@\n s (TX%E2%80%99s)\n+ - blocktivity\n %0A* Prese\n",
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      "title": "Blockchain is getting attention via cooperation with ISO standards - LTO Network",
      "body": "@@ -209,16 +209,34 @@\n enter%3E%0A%0A\n+%3Ccenter%3E%3C/center%3E%0A\n %0A%7C%5BWeb p\n@@ -439,17 +439,16 @@\n ---:%7C%0A%0A%0A\n-%0A\n %7C%5BGitBoo\n@@ -744,16 +744,36 @@\n ------%0A%0A\n+%3Ccenter%3E%3C/center%3E%0A%0A%0A\n %0A%3Ccenter\n@@ -7987,33 +7987,15 @@\n r%3E!%5B\n-LTO_beattle_Muntuitslag\n+head\n er\n+1\n .jpg\n@@ -8034,77 +8034,59 @@\n DQmc\n-acnXG62U23DzaezodTnjoQdL4vaoQ7ADc4hacD9inSd/LTO_beattle_Muntuitslag\n+GrWp6MjgCgX9sEJAFbZe5XbTfz4qwTjWKoVbhZHBmPq/head\n er\n+1\n .jpg\n",
      "json_metadata": "{\"tags\":[\"cryptocurrency\",\"crypto\",\"bitcoin\",\"lto\",\"blockchain\"],\"image\":[\"https://cdn.steemitimages.com/DQmRKLMDURMnNpvW6mc6mymdXkimv5kzEYsBVoam2hfL5g7/The%20Dutch.png\",\"https://cdn.steemitimages.com/DQmcmdBYDeAvVKzC1Mnt1fnT5bE67sPgS9WpSMKnwxGYpDQ/LTO_BUSINESS.jpg\",\"https://cdn.steemitimages.com/DQmP6VJugRSKzwkGC2PT6oKi75gDzJPfEukLtggRMvsrhuX/LTO_NEM.png\",\"https://cdn.steemitimages.com/DQmcGrWp6MjgCgX9sEJAFbZe5XbTfz4qwTjWKoVbhZHBmPq/header1.jpg\",\"https://cdn.steemitimages.com/DQmbjxx2vTQ8SMCtAdkKnNWP9QbM9L7ARCsDraq29Pu75Zq/mickey.png\"],\"links\":[\"https://lto.network/\",\"https://lto.network/documents/LTO%20Network%20-%20Technical%20Paper.pdf\",\"https://twitter.com/LTOnetwork\",\"https://ltonetwork.gitbook.io/\",\"https://medium.com/ltonetwork/lto-network-in-100-300-and-500-words-35fe5bf82c4d\",\"https://community.lto.network/referral/4sweZGa91UqXtqt/\",\"https://www.linkedin.com/in/rschmitz/\",\"https://inatba.org/\",\"https://www.scantrust.com/\",\"https://www.bettyblocks.com/\",\"https://www.iso.org/committee/6266604.html\",\"https://www.quora.com/Why-do-we-need-ISO-standards\",\"https://www.legalraasta.com/iso-registration/\",\"https://youtu.be/QT7027ghBJc?t=349\",\"https://www.youtube.com/watch?v=uCccKPUg_no\",\"https://blog.lto.network/when-binance-community-listing-statement/\",\"https://blog.lto.network/report-q1-q2-2019-lto-network/\",\"https://medium.com/@m.maler/lto-network-flagship-in-binance-bay-and-what-b14065a5549f\",\"https://blog.goodaudience.com/standing-on-the-crypto-shoulders-of-coding-giants-with-arnold-daniels-of-lto-network-by-mickey-5c9942907d8d\",\"https://blog.goodaudience.com/standing-on-the-crypto-shoulders-of-coding-giants-with-arnold-daniels-of-lto-network-part-two-b3b1e6206a4\",\"https://steemit.com/cryptocurrency/@mickeymaler/lto-network-interview-with-ceo-rick-schmitz-vol-i\",\"https://steemit.com/cryptocurrency/@mickeymaler/lto-network-interview-with-ceo-rick-schmitz-vol-ii\",\"https://twitter.com/MickeyMaler\",\"https://www.linkedin.com/in/michal-mal%C3%A9%C5%99-69344692/?locale=en_US\",\"https://medium.com/@m.maler\",\"https://steemit.com/@mickeymaler\",\"https://www.reddit.com/user/tezkatlypoka\",\"https://t.me/MickeyMaler\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
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      "title": "Blockchain is getting attention via cooperation with ISO standards - LTO Network",
      "body": "# Blockchain is getting attention via cooperation with ISO standards - LTO Network\n\n\n\n<center>![The Dutch.png](https://cdn.steemitimages.com/DQmRKLMDURMnNpvW6mc6mymdXkimv5kzEYsBVoam2hfL5g7/The%20Dutch.png)</center>\n\n\n|[Web page](https://lto.network/)|[White Paper](https://lto.network/documents/LTO%20Network%20-%20Technical%20Paper.pdf)| [Twitter](https://twitter.com/LTOnetwork)  |\n|:------------- |:-------------:| -----:|\n\n\n\n|[GitBook Guide](https://ltonetwork.gitbook.io/)|[Brief Overview](https://medium.com/ltonetwork/lto-network-in-100-300-and-500-words-35fe5bf82c4d)| [Community Task Force](https://community.lto.network/referral/4sweZGa91UqXtqt/)  |\n|:------------- |:-------------:| -----:|\n\n-----------------------------\n\n\n<center></center>\n\n********************\n\n*This article gives you an introduction to what ISO is about, describes the cooperation between the ISO party and blockchain project, and provides information about LTO Network's latest achievement.*\n\n## Introduction\n\nMuch like the roads need traffic lights and modern states would not work without the rule of law, every important aspect in the fields of technology, economy, health care, and medicine needs ISO standards. These standards declare the correct limits, values, procedures, quality evaluation methods, and many others.\n\nISO Standards are a key part of our society as they ensure quality and safety in both products and services in international trade. Businesses can be seen to benefit from ISO standards as they can help cut costs by improved systems and procedures put in place.\nThe government can benefit greatly from ISO standards which can be used to support public policy by getting an expert opinion and also opening up world trade. Many governments implement international standards; therefore, this integration ensures clarity worldwide for trade.\n\n*“Trusted standards mean that industry doesn’t need to reinvent the wheel, that innovations will be compatible and work with existing technology, and that products and services will be trusted too. Governments use standards as trusted solutions to complement regulation, and they give peace of mind to consumers who know they are not putting themselves or their families at risk.” - Acting ISO Secretary-General Kevin McKinley*\n\nConsidering the above mention analogy, the intention of the wheel and the internet, let's make a straightforward analogy for the blockchain. Initially, uses of the wheel as an instrument were very limited, but it permeated every aspect of the industrial revolution as the time was walking on by. I am not suggesting that blockchain is as significant as the invention of the wheel; that honor belongs to the internet, but the blockchain may be likened to a pneumatic tire. The pneumatic tire: another step in the evolution of the wheel.\nMany people have no idea at this stage how innovative aspect this technology could be for the IT infrastructure of upcoming days. A lot will depend on what can be built on or around the blockchain technology. Only time will tell. Implementing blockchain-based solutions to systems which deliver ISO standards globally is a great step towards the technological inhabitation of the blockchain.\n\nSome may still not believe that blockchain could ever transcend the pitfalls of being \"just another technological buzzword\".  However, since this technology is starting to premeate areas like the ISO, banking, or identity protection, many have already started paying closer attention. And here comes the main hero of this article: **LTO Network**, - One of the Top 20 most popular cryptocurrency in use by a number of transactions (TX’s) of today.\n\n<center>![LTO_BUSINESS.jpg](https://cdn.steemitimages.com/DQmcmdBYDeAvVKzC1Mnt1fnT5bE67sPgS9WpSMKnwxGYpDQ/LTO_BUSINESS.jpg)</center>\n\n## LTO Network partners with NEM\n\n\n\nAugust 6 was not only an interesting day for the world of ISO standards but also another important day for LTO Network, the blockchain-based ecosystem from the Netherlands. LTO Network's go-getting CEO, **[Rick Schmitz](https://www.linkedin.com/in/rschmitz/)**, signed a significant contract with **NEN**, the **Dutch Standardization Institute**, and thus joined forces with another member of the ISO party.\n\nLTO Network is a member of the **blockchain standards committee** and the **[International Association for Trusted Blockchain Applications](https://inatba.org/)** (INATBA), and by utilizing LTO Network’s hybrid blockchain, NEN has set the pace for other standardization agencies around the world to store standardization certificates on the blockchain in a decentralized manner.\n\nLTO Network CEO, Rick Schmitz is very enthusiastic about this partnership and here you can read his response to one of public AMA’s questions which has taken a place two days after the release of the above-mentioned announcement.\n\n<center>![LTO_NEM.png](https://cdn.steemitimages.com/DQmP6VJugRSKzwkGC2PT6oKi75gDzJPfEukLtggRMvsrhuX/LTO_NEM.png)</center>\n\n*Q: Could you tell us more about your recent partnerships? What are your expectations from collaboration with NEN?*\n\n\n*A: Yes, It's great to work on both sides with LTO Network. Defining the ISO - International Organization for Standardization for TC307 - Blockchain & DLT and simultaneously implementing blockchain at NEN for streamlining the certification processes. This brings us a level deeper into these organizations than other members that work on TC307 (blockchain standards). Our project with NEN is showcased to all member states of ISO.\nThat is practically the entire world.*\n\nThe decentralized solution created by this fusion of forces will deliver an instant verification of **certificates provided by NEN** using **patented smart QR codes**, **hashes** of which are safely stored on the **LTO blockchain.** Stakeholders can then use the QR codes to confirm the validity of any certificate issued by NEN in a matter of seconds. Changes to the certificates will be automatically reflected in their QR codes, which are then re-hashed on the blockchain to safeguard the validity of the certificate’s current state. Any possible tampering with these QR codes will make them out-of-sync with the data stored on the blockchain, and they will, therefore, be found invalid by the parties involved.\n\n* [Scantrust](https://www.scantrust.com/) - Supplier of smart QR code\n* [BettyBlocks](https://www.bettyblocks.com/) - Application platform\n\n### Why is a blockchain a good solution here?\n\nTraditionally, security focusses on authorization, authentication, and access control. The techniques are intended to keep unauthorized persons from accessing or modifying data. However, when it comes to authorized access, either on application or system level, it doesn’t provide any protection. Blockchain enables tamper resistance for data through distribution over many systems that are run and managed by independent parties. \nThis is ensured by the architecture of the blockchain, where every piece of data has thousands of globally distributed copies. A potential attacker intent on breaching the certificate would have to compromise the majority of the data distribution at the same time, which is extremely hard, expensive, and with a well-designed blockchain almost impossible.\n\n\n\n//Final Glue\n\n*“Innovation is of paramount importance to NEN. This project shows that we are constantly working to improve our services with regard to the application of standards, so as to remain relevant.”* - *Harmen Willemse, NEN*\n\n*“This is a major step for the entire blockchain industry. It was already an honor working on ISO/TC307 defining the ISO standards on blockchain and DLT. But with this collaboration, we are taking it to the next level. Implementing LTO Networks Live Contracts to streamline data processing and distribution of business logic to all stakeholders involved in the certification process. Ecosystem V is rapidly growing!”* - *Rick Schmitz, CEO of LTO Network*\n\n<center>![LTO_beattle_Muntuitslager.jpg](https://cdn.steemitimages.com/DQmcacnXG62U23DzaezodTnjoQdL4vaoQ7ADc4hacD9inSd/LTO_beattle_Muntuitslager.jpg)</center>\n\n## References\n\n### About NEN\n\nNEN’s business activities – offering international: European and national standardization, investigating, maintaining the infrastructure required for drawing up the standards, providing documents, training and consulting about standards.\n\n### About LTO\n\n* One of the Top 20 most popular cryptocurrency in use by a number of transactions (TX’s)\n* Presenting to IBM, cooperating with IBM Watson\n* Part of the ISO committee\n* Contributor to [ISO/TC 307](https://www.iso.org/committee/6266604.html)  - Blockchain and distributed ledger technologies \n* Partners with NEN - the Dutch Standardization Institute\n* Onboarded the blockchain system integrator — AXVECO\n* The first Dutch project listed on Binance DEX\n* More than 1M business users on LTO blockchain\n* Collaboration with EU governments\n* Growth of more than 30% MoM\n\n\n\n### Basic ISO use case\n\n* Get government tenders: ISO certificate is now required in a majority of government tenders.\n* Build credibility internationally: [ISO Certification](https://www.quora.com/Why-do-we-need-ISO-standards) helps your organization helps credibility to build an overseas business.\n* Better customer satisfaction: ISO standards are designed to enable an organization to serve their customers better and hence increase customer satisfaction. [ISO](https://www.legalraasta.com/iso-registration/) certification enhances customer satisfaction by meeting customer requirements.\n* Improve product quality: Since product quality matches the international level, this can reduce the risk order rejections which can occur due to the flaw in the product.\n* Improve business efficiency: ISO certification implementation enhances the functional efficiency of an organization. [ISO Certification](https://www.legalraasta.com/iso-registration/) agency helps you develop SOP’s & work Instructions for all your processes. ISO implementations help to manage the resources effectively, as you become able to utilize all your resources to its maximum extent.\n* Improve marketability: ISO certification helps to improve the credibility of business with a current & new client which leads to creating a niche market for business. [Source - Quoara](https://www.quora.com/Why-do-we-need-ISO-standards)\n\n\n\n### The End\n\n*******************\n\n<center></center>\n\n\n<center>[Blockchain Brad about LTO - YouTube](https://youtu.be/QT7027ghBJc?t=349)</center>\n\n\n<center>[Crypto Lark about LTO - YouTube](https://youtu.be/QT7027ghBJc?t=349)</center>\n\n\n<center>[Crypto Zombie about LTO - YouTube](https://www.youtube.com/watch?v=uCccKPUg_no)</center>\n\n\n<center>[Get LTO Network on Binance](https://blog.lto.network/when-binance-community-listing-statement/)</center>\n\n\n<center>[Q1-Q2 Report](https://blog.lto.network/report-q1-q2-2019-lto-network/)</center>\n\n<center>**Go and see more stuff from my library!**</center>\n\n\n<center>[LTO Network Flagship in Binance bay…and what? Stanford? — by Mickey Maler; featuring Stefan van Oirschot](https://medium.com/@m.maler/lto-network-flagship-in-binance-bay-and-what-b14065a5549f)</center>\n\n<center>[LTO Network - Interview with Lead Architect - Arnold Daniels - Vol. I](https://blog.goodaudience.com/standing-on-the-crypto-shoulders-of-coding-giants-with-arnold-daniels-of-lto-network-by-mickey-5c9942907d8d)</center>\n\n<center>[LTO Network - Interview with Lead Architect - Arnold Daniels - Vol. II](https://blog.goodaudience.com/standing-on-the-crypto-shoulders-of-coding-giants-with-arnold-daniels-of-lto-network-part-two-b3b1e6206a4)</center>\n\n<center>[LTO Network - Interview with CEO - Rick Schmitz - Vol. I](https://steemit.com/cryptocurrency/@mickeymaler/lto-network-interview-with-ceo-rick-schmitz-vol-i)</center>\n\n<center>[LTO Network - Interview with CEO - Rick Schmitz - Vol. II](https://steemit.com/cryptocurrency/@mickeymaler/lto-network-interview-with-ceo-rick-schmitz-vol-ii)</center>\n\n\n***************************************************************************************\n\n<center>[My Twitter](https://twitter.com/MickeyMaler)</center>\n\n<center>[My LinkedIn](https://www.linkedin.com/in/michal-mal%C3%A9%C5%99-69344692/?locale=en_US)</center>\n\n<center>[My Medium](https://medium.com/@m.maler)</center>\n\n<center>[My Steem](https://steemit.com/@mickeymaler)</center>\n\n<center>[Tezkatlypoka from Reddit](https://www.reddit.com/user/tezkatlypoka)</center>\n\n**********************************************\n<center>![mickey.png](https://cdn.steemitimages.com/DQmbjxx2vTQ8SMCtAdkKnNWP9QbM9L7ARCsDraq29Pu75Zq/mickey.png)</center>\n<center>If You have any questions regarding my article, send me a message in the bottle\n(Prefer Tequila) at [Telegram](https://t.me/MickeyMaler) or shoot a shouted [\"Tweet\".](https://twitter.com/MickeyMaler)</center>\n\n >Do stay tuned\n\n                                             With respect, Mickey",
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      "memo": "Appreciated @mickeymaler. Sorry to intrude. I hope I'm not disturbing you with this message. My intention is to help promote the last post of my great friend @crypto.piotr about palnet.io and the HOPE project. I hope this reading is constructive for you. LINK: https://steemit.com/palnet/@crypto.piotr/project-hope-help-us-grow-by-making-a-simple-change"
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      "permlink": "lto-network-flagship-in-binance-bay-by-mickey-maler-featuring-stefan-van-oirschot",
      "title": "LTO Network Flagship in Binance bay - by Mickey Maler; featuring Stefan van Oirschot",
      "body": "# LTO Network Flagship in Binance bay…and what? Stanford? - by Mickey Maler; featuring Stefan van Oirschot\n\n\n\n<center>![04.jpg](https://cdn.steemitimages.com/DQmYrXhRh3wqV9WpK9EL7tqQfK2g4c1mzbxjbaVzDiMKF7y/04.jpg)</center>\n\n\n\n\n\n|[Web page](https://lto.network/)|[White Paper](https://lto.network/documents/LTO%20Network%20-%20Technical%20Paper.pdf)| [Twitter](https://twitter.com/LTOnetwork)  |\n|:------------- |:-------------:| -----:|\n\n\n\n|[GitBook Guide](https://ltonetwork.gitbook.io/)|[Brief Overview](https://medium.com/ltonetwork/lto-network-in-100-300-and-500-words-35fe5bf82c4d)| [About Live Contracts](https://medium.com/harvard-undergraduate-blockchain-group/lto-network-how-reducing-power-increases-utility-bca7ca60bae4)  |\n|:------------- |:-------------:| -----:|\n\n-----------------------------\n\n\n\n<center>![Hlav2.jpg](https://cdn.steemitimages.com/DQmUA2h3jQwhiTkyo8rhQUXvzkyDkbba2Lv16vo3KCrYgLC/Hlav2.jpg)</center>\n\n\n\n*This article should introduce you to the leading Dutch Cryptocurrency/Blockchain based project, and summarize and update you with the most recent LTO Network state of things.*\n\n## Intro\nImagine yourself as a business owner whose company use some blockchain solution in the background. Imagine yourself waking up, stretching your arms in front of an open window, and saying: \"Wow, it's Monday, I will be using blockchain in my business for the first time! That's so great!.\"\nSlap.No, the proper solution is that you don't even know that you are using such a tech which is able to save you time and tons of money, meanwhile you flow through the usual business day.\nLet's introduce you to LTO Network; a company that can deliver you such a feeling.\n\nLTO Network, Dutchie Real-Dealers who know how to run a crypto business in 2019. A thriving Two Layer, a hybrid blockchain project that launched their mainnet in the 2nd part of January of this year and is slowly increasing TX rate day after day and is definitively on track to meet their goal of 15 million monthly transactions by December this year.\n\nInstead of going from a white-paper to a product, LTO Network made a product on demand and created a blockchain based project out of that. Then, they need just one year of the longest Bear Market cycle that Bitcoin can remember for stepping from the shadow of the unknown project based on Waves chain, into the successful cryptocurrency cruiser which is able to present themselves to IBM, get together with one of the biggest exchanges out there, Binance, and make a sound of the Mass Adoption song a little bit closer to its finalization.\n\n<center>![](https://cdn.steemitimages.com/DQmNfiXSMN1izEcDr6Afch8gJj3im5EAwa1y1nYoLQ2sxqT/image.png)</center>\n\nLTO Network is a fully decentralized and highly efficient blockchain infrastructure that is easy to integrate into existing systems that brings efficiency and is production ready. It’s an innovative hybrid solution with a public and private chain focus of which is aimed towards decentralized automated workflows and data security. Organizations involved in this workflow become nodes with a private blockchain between them. \nThe private chain is based on LTO Network’s original centralized software where the underlying public chain technology is Bitcoin-NG. \n\n\n*“We want everyone to be able to collaborate on a level playing field.\nTypically in automation, the biggest party, whether it’s an enterprise or government, build the ‘master’ system and all other parties can use that system, possibly connecting via an API. This means that all parties rely on and need to trust the information this system provides.\nWhen parties don’t want to rely on trust, automation doesn’t happen, and\nwe see parties relying only on their own systems and using old-school methods like e-mail, phone, and fax to communicate. With LTO, these systems can connect and work together in a trustless way.” - Arnold Daniels*\n\nLTO Network provides a method to make data tamper-proof and shareable among organizations in a compliant way. They also offer the replacement of current paper agreements with smart contracts, orchestration & automatization of processes, and GDPR compliant data anchoring.\n\nAnchoring creates a digital fingerprint of your data that is stored on LTO blockchain. If you have a copy of the data, you can compare it with this fingerprint to check whether any changes were made. You can also see when the fingerprint was made (timestamp), which prevents any manipulation or backdating of data. Fingerprints are time stamped by default which prevents your data from being manipulated and backdated.\n\n<center>![LTO_next_mission.png](https://cdn.steemitimages.com/DQmXGdZRLMyrQ75UFoh5e9cEc2qpDmg91TyVGxfgfbmwb9j/LTO_next_mission.png)</center>\n\n### Perks:\n* Working product, mainnet live and ready, staking and leasing\n* Solved the problem with GDPR compliance\n* Easy to implement a solution with a demo which can be done under 3 hours in almost every company they visited so far\n* WIth LTO You don't even know that you are using a blockchain - and that's how it should be done\n* Backed by a four-year-old company with a record of the industrial success\n* A wide network of partners\n* Active and supportive community\n* [Ivan Golovko](https://www.linkedin.com/in/ivangolovko/?originalSubdomain=nl) as a CMO \n\n\n### Highlights:\n* One of the Top 20 most popular cryptocurrency in use by a number of transactions (TX’s)\n* Presenting to IBM, cooperating with IBM Watson\n* Part of the ISO committee\n* Onboarded the blockchain system integrator - AXVECO\n* The first Dutch project listed on Binance DEX\n\n\n\n## Community \nWe realize that besides having an experienced CEO and leader, a skilled CTO and genius architect is key to being successful in this business, but having a strong and supportive community helps you carry your success even further. Ivan Golovko is a man who was successful in forging up some great LTO committees out of all possible LTO members and to be honest, if I had to solve all those issues in the way he did and respond to that wrecking amount of DM’s every day as He does, my brain would probably melt like the gold in Smaug’s treasure hoard or Viserys Targaryen’s head during his molten gold coronation. \nAnother impressive move was an LTO Network competition called Game of Nodes which attracted a massive amount of LTO holders into the game of staking. \n<center>![](https://cdn.steemitimages.com/DQmdc9tDKuufq3PKuZD8fAoBztbV4MAgvm2TDNcaJmEmfJZ/image.png)</center>\nThe next project aimed at bolstering LTO community that we can expect to go public soon is known as the Distributed Workforce. The Distributed Workforce upgrade will be a way to increase community involvement by having a system to efficiently distribute tasks to people involved in the community and reward them accordingly. In this model, the community will be able to vote on individual contributions by community members and propose special rewards for them.\n\n## LTO Network and Binance chain\nBinance chain has become another liquidity chain for LTO mainnet. At the moment you can use the exact same token on three different chains: LTO Mainnet (mainnet token), Ethereum (ERC20) and Binance DEX (BEP2). This trinity enables you to swap tokens in this triple token model without diluting or tampering with the token supply. And, the movement from the ERC20 to BEP2 comes at no cost.\n<center>![LTOBinanceERC20.jpg](https://cdn.steemitimages.com/DQmUcZGMLqy5zyTy9w3x93byJEYceRKaqrb9LDU6ntKsrKV/LTOBinanceERC20.jpg)</center>\n\n*LTO Network is determined to help Binance Chain and Binance DEX increase liquidity and exposure. Therefore, we will be facilitating trading on Binance DEX. Next up, we want to integrate LTO mainnet into Trust Wallet and enable the full triple interoperability within the Binance ecosystem. In addition to that, we are planning an airdrop to encourage trading on Binance DEX. - Official LTO Twitter*\n\n## Let's talk about Tech\nDid you find this project interesting? Do you what to set yourself a node and earn decent rewards? Then I think I will hand you over to my friend. Yes, He knows his stuff. I think you will like it.\n\n### 3 steps to securing your LTO Network node\nLate 2017 I was introduced to LTO Network by one of my colleagues, they were called LegalThingsOne at the time. As a seed investor, I was pleasantly surprised by this Dutch, seemingly, startup with a brilliant idea. At the time I was not yet sure how it would turn out but the vibe was there. One and a half years later a lot has changed, for the good, I would definitely say, with an amazing proposition LTO Network is one of the most active blockchain solutions out there. My name is [Stefan van Oirschot](https://www.linkedin.com/in/stefan82/) and I am a Solution Sales Professional at [Red Hat](https://www.redhat.com/en) in the area of AppDev including workflow engines and modern application platforms. I have a degree in computer science and have been working in IT for 15 years in various Tech, including CTO, and sales roles.\n\nThe LTO Network mainnet currently operates with Leased Proof of Stake. As a token holder, you can choose to setup your own LTO Network node and become part of the global LTO blockchain by staking your tokens or choose to lease year tokens to 1 of the existing nodes in the network and have the node owner stake the tokens for you.\n\nSetting up an LTO Network Public Node is really easy and instructions for setting up a node are available for many different platforms. Instructions for setting up a node can be found on the [LTO Network wiki](https://docs.lto.network/project/community-area/mining-staking).\n\nWhen you check out the list of available how-to-guides you will notice they are available for all major platforms including [Red Hat OpenShift](https://docs.lto.network/project/community-area/mining-staking/node-okd-openshift), [Linux](https://docs.lto.network/project/community-area/mining-staking/node-ubuntu-linux-with-container), [Windows](https://docs.lto.network/project/community-area/mining-staking/node-windows-with-container) and of course the major Public Cloud platforms like [IBM Cloud](https://docs.lto.network/project/community-area/mining-staking/node-ibm-cloud),[ Azure](https://docs.lto.network/project/community-area/mining-staking/node-microsoft-azure), [Google Cloud Platform](https://docs.lto.network/project/community-area/mining-staking/node-google-cloud), [AWS](https://docs.lto.network/project/community-area/mining-staking/node-aws-elastic-beanstalk), [Nginx reverse proxy](https://docs.lto.network/project/community-area/mining-staking/optional-nginx-reverse-proxy), [Rasberry Pi (Expert)](https://docs.lto.network/project/community-area/mining-staking/node-raspberry-pi-expert) and [AlibabaCloud](https://docs.lto.network/project/community-area/mining-staking/node-alibaba-cloud).\n\n![](https://cdn.steemitimages.com/DQmTqoJN9utEczW5VDCoDJQz5JTLhT8kQsVMRbDuEP7KiLF/image.png)\n\nThe LTO Network Public Node is being distributed as a Container image. Running a node is as simple as configuring a few environment variables and launching a container. The following lines are not about configuring your node as this is explained in much detail in the various guides. We will be talking about Securing your LTO Network node. \n\nWhy would I want my node to be secure you might ask? \nRunning an LTO Network Public Node and being able to receive fees for the transactions your node handles means you have to configure your LTO Wallet Seed (your mnemonic phrase) as an environment variable. (This is, of course, all very well documented in the howto guides.) A person who has access to this seed will be able to access your wallet and therefore your tokens. Making sure this seed stays secret should be of uttermost importance.\n\n### 1 - Using a 2-wallet system\nWhat do you mean 2 wallets? This assumes you want to run your own node or understand how to securely run one. Having two wallets gives you the opportunity to lease to yourself. You create a main wallet where you will hold all your tokens. You create a second wallet for usage with your node. Now you lease from wallet One to wallet Two. Because leases can be canceled at any time by the owner (You) you can easily “secure” your tokens when your second wallet, the one you use with the node, somehow get compromised. To be fair, if you use this system your tokens were never in any real danger because there is no transfer involved when leasing. \n\nAs a community member, you might want to know what this means for your community rewards. Always make sure you configure your main (Wallet One) address in your community profile. Join the LTO Tech chat and communicate to the team you have a node running and want to share your Wallet Two address so you get the rewards for node participation as well.\n\n### 2 - LTO_WALLET_SEED versus LTO_WALLET_SEED_BASE58\nYes, I use the LTO_WALLET_SEED. Yes, a lot of people do but there is a seemingly more secure environment variable available when configuring your node.\n\nIf you go to the various how-to guides available you will notice that in essence, they are all the same; deploying a container using some predefined environment variables. These variables are all optional but if you want to be rewarded fees you should make sure they reflect your personal wallet settings. This means configuring your wallet seed (mnemonic phrase). If you followed the 2-wallet advice this means configuring the seed of wallet Two.\n\nTo configure this seed we have two options. Plain text (LTO_WALLET_SEED) and base58 encoded (LTO_WALLET_SEED_BASE58). This second “tip” is on using the latter. This tip is in here because one might confuse this with encryption or additional security. Base58 is a way of encoding information for easier readability and transmission. It is meant to be as easily decoded as it is encoded. It is not a form of encryption for added security.\n\nKnowing this, the easiest way to generate a base58 encoding string of your seed is using an encoding tool. Just beware that you use an offline solution as you will be submitting your precious seed!\n\n### 3 - Use secrets when configuring your environment variables\nDepending on your situation this might be an available option for you. Let me add the Kubernetes definition of a secret to give a small introduction:\n\n“Kubernetes secret objects let you store and manage sensitive information, such as passwords, OAuth tokens, and ssh keys. Putting this information in a secret is safer and more flexible than putting it verbatim in a Pod definition or in a container image.”\n\nIn the above, we could replace the Pod definition with configuring environment variables in plain text. Putting your secure information in a container image as mentioned at the end of the concept definition would be a really insecure and irresponsible thing to do.\n\nThe best example, currently available, using secrets with running an LTO Network Public node is the [OKD (Community OpenShift) Kubernetes](https://www.okd.io/) distribution with the [how to guide available right here](https://docs.lto.network/project/community-area/mining-staking/node-okd-openshift).\n\nThe idea of using secrets is that you create a special object called a secret. You trust your secure information to this secret which is safely stored. When configuring the environment variables to run your LTO node you will simply reference the secret instead of configuring plain text secure information.\n\n***\n# Epilogue\nSo, you know who they are and what they do. Read-join-create a node- write, or share-like-vote-subscribe!\nThis is a solid project with a lot more to come.\nOur last question could have been: \"Will Mr. CZ push that red button?\" Well, let's hope that Mr. CZ did listen to [Chemical Brothers music back in days and he will sense that its time to \"Push the button!\"](https://www.youtube.com/watch?v=Xu3FTEmN-eg)\n<center>![](https://cdn.steemitimages.com/DQmZp5piTMvNhVugHwLwmaqCB3kckDPYhKLhq35g6ENDjDQ/image.png)</center>\n\n\n\n\n\n\n\n<center>[Get LTO Network on Binance](https://blog.lto.network/when-binance-community-listing-statement/)</center>\n\n\n<center>[Q1-Q2 Report](https://blog.lto.network/report-q1-q2-2019-lto-network/)</center>\n\n<center>[Crypto Lark about LTO - YouTUbe](https://youtu.be/QT7027ghBJc?t=349)</center>\n\n<center>[LTO Network - Interview with Lead Architect - Arnold Daniels - Vol. I](https://blog.goodaudience.com/standing-on-the-crypto-shoulders-of-coding-giants-with-arnold-daniels-of-lto-network-by-mickey-5c9942907d8d)</center>\n\n<center>[LTO Network - Interview with Lead Architect - Arnold Daniels - Vol. II](https://blog.goodaudience.com/standing-on-the-crypto-shoulders-of-coding-giants-with-arnold-daniels-of-lto-network-part-two-b3b1e6206a4)</center>\n\n<center>[LTO Network - Interview with CEO - Rick Schmitz - Vol. I](https://steemit.com/cryptocurrency/@mickeymaler/lto-network-interview-with-ceo-rick-schmitz-vol-i)</center>\n\n<center>[LTO Network - Interview with CEO - Rick Schmitz - Vol. II](https://steemit.com/cryptocurrency/@mickeymaler/lto-network-interview-with-ceo-rick-schmitz-vol-ii)</center>\n\n\n***************************************************************************************\n<center>**Go and see more stuff from my library!**</center>\n\n<center>[My Medium](https://medium.com/@m.maler)</center>\n\n<center>[My Steem](https://steemit.com/@mickeymaler)</center>\n\n<center>[Tezkatlypoka from Reddit](https://www.reddit.com/user/tezkatlypoka)</center>\n\n**********************************************\n<center>![konec.PNG](https://cdn.steemitimages.com/DQmeFfEpmLpmVPCYPTcEsFmpotgsLgvBWxmaLkbL2cLdCju/konec.PNG)</center>\n\n<center>If You have any questions regarding my article, send me a message in the bottle\n(Prefer Tequila) at [Telegram](https://t.me/MickeyMaler) or shoot a shouted [\"Tweet\".](https://twitter.com/MickeyMaler)</center>\n\n >Do stay tuned\n\n                                             With respect, Mickey",
      "json_metadata": "{\"tags\":[\"cryptocurrency\",\"crypto\",\"bitcoin\",\"lto\",\"blockchain\"],\"image\":[\"https://cdn.steemitimages.com/DQmYrXhRh3wqV9WpK9EL7tqQfK2g4c1mzbxjbaVzDiMKF7y/04.jpg\",\"https://cdn.steemitimages.com/DQmUA2h3jQwhiTkyo8rhQUXvzkyDkbba2Lv16vo3KCrYgLC/Hlav2.jpg\",\"https://cdn.steemitimages.com/DQmNfiXSMN1izEcDr6Afch8gJj3im5EAwa1y1nYoLQ2sxqT/image.png\",\"https://cdn.steemitimages.com/DQmXGdZRLMyrQ75UFoh5e9cEc2qpDmg91TyVGxfgfbmwb9j/LTO_next_mission.png\",\"https://cdn.steemitimages.com/DQmdc9tDKuufq3PKuZD8fAoBztbV4MAgvm2TDNcaJmEmfJZ/image.png\",\"https://cdn.steemitimages.com/DQmUcZGMLqy5zyTy9w3x93byJEYceRKaqrb9LDU6ntKsrKV/LTOBinanceERC20.jpg\",\"https://cdn.steemitimages.com/DQmTqoJN9utEczW5VDCoDJQz5JTLhT8kQsVMRbDuEP7KiLF/image.png\",\"https://cdn.steemitimages.com/DQmZp5piTMvNhVugHwLwmaqCB3kckDPYhKLhq35g6ENDjDQ/image.png\",\"https://cdn.steemitimages.com/DQmeFfEpmLpmVPCYPTcEsFmpotgsLgvBWxmaLkbL2cLdCju/konec.PNG\"],\"links\":[\"https://lto.network/\",\"https://lto.network/documents/LTO%20Network%20-%20Technical%20Paper.pdf\",\"https://twitter.com/LTOnetwork\",\"https://ltonetwork.gitbook.io/\",\"https://medium.com/ltonetwork/lto-network-in-100-300-and-500-words-35fe5bf82c4d\",\"https://medium.com/harvard-undergraduate-blockchain-group/lto-network-how-reducing-power-increases-utility-bca7ca60bae4\",\"https://www.linkedin.com/in/ivangolovko/?originalSubdomain=nl\",\"https://www.linkedin.com/in/stefan82/\",\"https://www.redhat.com/en\",\"https://docs.lto.network/project/community-area/mining-staking\",\"https://docs.lto.network/project/community-area/mining-staking/node-okd-openshift\",\"https://docs.lto.network/project/community-area/mining-staking/node-ubuntu-linux-with-container\",\"https://docs.lto.network/project/community-area/mining-staking/node-windows-with-container\",\"https://docs.lto.network/project/community-area/mining-staking/node-ibm-cloud\",\"https://docs.lto.network/project/community-area/mining-staking/node-microsoft-azure\",\"https://docs.lto.network/project/community-area/mining-staking/node-google-cloud\",\"https://docs.lto.network/project/community-area/mining-staking/node-aws-elastic-beanstalk\",\"https://docs.lto.network/project/community-area/mining-staking/optional-nginx-reverse-proxy\",\"https://docs.lto.network/project/community-area/mining-staking/node-raspberry-pi-expert\",\"https://docs.lto.network/project/community-area/mining-staking/node-alibaba-cloud\",\"https://www.okd.io/\",\"https://www.youtube.com/watch?v=Xu3FTEmN-eg\",\"https://blog.lto.network/when-binance-community-listing-statement/\",\"https://blog.lto.network/report-q1-q2-2019-lto-network/\",\"https://youtu.be/QT7027ghBJc?t=349\",\"https://blog.goodaudience.com/standing-on-the-crypto-shoulders-of-coding-giants-with-arnold-daniels-of-lto-network-by-mickey-5c9942907d8d\",\"https://blog.goodaudience.com/standing-on-the-crypto-shoulders-of-coding-giants-with-arnold-daniels-of-lto-network-part-two-b3b1e6206a4\",\"https://steemit.com/cryptocurrency/@mickeymaler/lto-network-interview-with-ceo-rick-schmitz-vol-i\",\"https://steemit.com/cryptocurrency/@mickeymaler/lto-network-interview-with-ceo-rick-schmitz-vol-ii\",\"https://medium.com/@m.maler\",\"https://steemit.com/@mickeymaler\",\"https://www.reddit.com/user/tezkatlypoka\",\"https://t.me/MickeyMaler\",\"https://twitter.com/MickeyMaler\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
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      "author": "mickeymaler",
      "permlink": "zuckerberg-media-and-blockchain-technology-backing-up-the-next-generation-of-crowdfunding-pledgecamp",
      "title": "Zuckerberg Media and Blockchain technology backing up The Next Generation of Crowdfunding - Pledgecamp",
      "body": "# Zuckerberg Media and Blockchain technology backing up The Next Generation of Crowdfunding - Pledgecamp\n\n<center>![pledge_team.JPG](https://cdn.steemitimages.com/DQmcqNkwuWiFJQ251peoxA8X2NvVySYRsuMz6KNmHGcfbDR/pledge_team.JPG)</center>\n\n<center>![horizontal_pc.png](https://cdn.steemitimages.com/DQmaJuq9BMsCBXQxNvxFYTw6DDmarVb5io24V3vLVt4TKLk/horizontal_pc.png)</center>\n\n|[Web page](https://pledgecamp.com/)|[White Paper](https://pledgecamp.com/__pdf/pledgecamp_whitepaperv2_en.pdf)| [Twitter](https://twitter.com/Pledgecamp)  |\n|:------------- |:-------------:| -----:|\n\n\n\n|[Telegram ](https://t.me/pledgecamp) |[Questions and Answers](https://docs.google.com/document/d/1dGkMFUOsrWafSIN64CMT87DYFZn9wlVIh9_ccpCc8ug/edit)| [Roadmap](https://pledgecamp.com/#roadmap)  |\n|:------------- |:-------------:| -----:|\n\n-----------------------------\n\n<center></center>\n\n\n\n<center>https://www.youtube.com/watch?v=DCBABbhNUfY</center>\n\n## Introduction\n\nPledgecamp is securing the future of crowdfunding with blockchain protected investments and taking the worry out of crowdfunding for both backers and entrepreneurs. By addressing the critical problems of trust and accountability in the industry, they will create a new generation of crowdfunding which they call **Crowdfunding 2.0**.\n\nThe idea to create Pledgecamp rose from a simple fact: the current method of crowdfunding for startups is broken. Current platforms only care about the quantity of listings instead of providing the moderation, incubation, and support of projects that will increase the likelihood that funded projects will deliver. \nThe current platforms are incentivized when projects raise money and not when they deliver, so they do not hold creators accountable to their promises. They do not oversee a project's performance, nor do they mediate disputes between users. \nThe lack of oversight mechanisms right now leads to huge failure rates in the industry: [up to 85% of projects fail to accomplish their roadmap goals in time]((pledgecamp.com/whitepaper)) and from my personal experience, some are not able to finish accomplish their vision at all. According to the stats, as much as [14% of projects will under-deliver or fail to deliver at all.](https://www.kickstarter.com/help/stats)\n\n## Partners and Advisors\nPledgecamp is a project that has raised 17 million in seed and 700k in public round to solve these issues through their experienced team composed from people who know what is necessary to run a successful crypto-related business in 2019. If you take a look at them more closely you will see a team about which you can say that this is not their first rodeo.\nThe project is backed up by big names like [**Randi Zuckerberg**](https://www.linkedin.com/in/randizuckerberg/) (CEO, Zuckerberg Media), [**Matt Curcio**](https://www.linkedin.com/in/macurcio/) (VP, Data Ripple), **Keith Teare** (Founding shareholder, TechCrunch), **Prince Abdullah** (Saudi Royal Family), **Alan Chang** (Operations Lead, Airbnb), and more.\n\n<center>![advisors_list_pledgecamp.JPG](https://cdn.steemitimages.com/DQmSULZMP6zkmGhgfJ86uGKB5PHfGkDhL7GeYaJxC1Etows/advisors_list_pledgecamp.JPG)</center>\n\nPledgecamp has also teamed up with MetaLab, the UX/UI firm responsible for designing [Coinbase](https://www.coinbase.com/), [Slack](https://slack.com/intl/en-cz/), and [Oculus](https://www.oculus.com/) , among others.\n<center>![slack.JPG](https://cdn.steemitimages.com/DQmXtx6QjqmV55XsonYFLNoLWPJrxpjM5szHrbXUcUbncxJ/slack.JPG)</center>\n\nRegarding the problems mentioned above: Is there a motivation which will make teams work hard to obtain the crowdfunded money they have collected? The solution where you will lock them a portion of gathered money until the team delivers what they promised in their whitepaper seems like an ingenious albeit straightforward idea. Here we can sense that Pledgecamp is building their solution on the rich base of experiences gathered from their previous actions.\nThe Pledgecamp team has previously raised millions of dollars on Kickstarter and has become among the top 1% most-funded crowdfunding experts on the platform. The design objective of their economy is to align the incentives of all participants in the network:\n\n* Backers gain a decentralized escrow mechanism which protects their funds\n* Creators receive wide-ranging project support and lower platform fees\n* Platform Users can earn token rewards as they help the platform succeed\n\n## Use case\n### Problem - Crowdfunding is messed up right now for three reasons. \n\n * Less than ⅓ users on Kickstarter back a second campaign 85% of projects delays and 14% fail to deliver.\n* Kickstarter or Indiegogo has 0 incentive to prevent this because they don’t grow based on the number of quality projects, but the amount of listing fee received: which is 5% of the total money raised by the successful project (the more listings they sign, the more money they get).\n* Crowdfunding is one of the riskiest investments without the protection of the SEC or the return of a VC.\n\n### Solution - Crowdfunding 2.0\n\n* Using the unique nature of the smart contract (principle of decentralized trust), the platform creates something called backer insurance where the significant chunk of the funds are locked and released in tranches only when the team reaches the promised milestones. If not it’s returned to the investors.\n* The platform itself benefits not from the listing fees but rather from quality projects successfully delivering and growing the ecosystem.\n* Projects that don't provide backer insurance paying higher fees (there is a 5% listing fee for a project with zero backer insurance and 0% listing fees for teams that decides to lock up the 50% of their tokens).\n* Honest creators offer video evidence of their activities leading to progress; backers vote for releasing another amount of funds for each roadmap milestone reached.\n* An approach like this gives the power back to the backers.\n* Pledgecamp creates a \"community of moderators model\" in which the moderators are staked and get rewarded for being in that state.\n* Pledgecamp coin is the medium that allows you to be locked up in stake when the price of the coin is bound with the overall success of the platform (the minimum amount of tokens for getting a moderator status is 10 million Pledgecamp coins).\n\n<center>![photo_2019-05-06_19-39-28.jpg](https://cdn.steemitimages.com/DQmNRYcTSutt4TJm7jR5v4TpiVPWSVxZS7Cfk1y7rTeWMwM/photo_2019-05-06_19-39-28.jpg)</center>\n\n## Features of Pledgecamp ecosystem\n\nPledgecamp Crowdfunding 2.0 is assembled from three parts: Crowdfunding, Knowledgebase and Market Network which will be helping with project scalability. \n\n### Crowdfunding\n* Backer Insurance - Smart contracts empower backers to enforce escrow of their funds. A Pledgecamp exclusive.\n\n* Campaign Deposit - Creators must place security deposits to curb abuse. Refunded upon KYC and transparent disclosures.\n\n* User Moderation - Users who stake tokens are empowered to moderate the ecosystem and earn revenue in return.\n\n* Global Inclusion - Millions are excluded from crowdfunding today. Pledgecamp opens the model to the world by allowing the US, China Hongkong people to participate.\n\n* Smart Crowd - Token incentives (bounties) harness the limitless power of the crowd. Help creators, earn income.\n\n### Knowledge Center\n* Empower Innovators - A decentralized knowledge center provides entrepreneurs the insights they need to succeed.\n\n* Ask Questions - Project creators can get timely answers to specific business problems by offering rewards.\n\n* Earn Rewards - Users can monetize their expertise and help projects succeed. Speak up, get paid.\n\n### Market Network\n\n* Guarantee Payment - Smart contracts give vendors the peace of mind that young startups will pay as promised.\n\n* Track Funds - Smart contracts with vendors allow backers to verify that funds are used as promised.\n\n* Trusted Vendors - Creators can vet and find key partners with histories and reputations on the blockchain.\n\n* Campaign Deposit - Creators must place security deposits to curb abuse. Refunded upon KYC and transparent disclosures.\n\n*  Creators can use tokens to pay for specialized answers, hire the crowd to perform bounties, etc.\n\n\n\nA drawback to the solution Pledgecamp is providing could be the high fluctuation of the cryptocurrency token. That's why they invented the reserve system which guarantees a fiat prize equivalent for the amount of Pledge coin locked up, but even this is not a 100% guaranteed protection from high price fluctuation. I asked this question to the Pladgecamp CTO,  Sam Pullman, and here you can read his response:\n\n*“Creators and investors are protected from variation by our reserve, which adjusts the PLG quantity of the escrow wallet automatically to preserve the original, let's say USD, value. In effect it's a stable coin we can trust; even if one is an option in the future, it reduces business risk in the case we dedicate to an external coin that has issues. Look at Dai for example. More importantly, this coin is specialized in its second function, which is to stake it and acquire Camp Share (similar to the steem/steem power two token economies). Keep in mind we expect campaigns to accept a mix of crypto and fiat, as we intend to accept credit card to be a mainstream application. If the backer insurance level in a campaign is set at 20%, that is the amount that must remain in PLG over time in the escrow wallet, so funds will convert as necessary into or out of PLG.”*\n\n Also, the amount of 10 million tokens seems to be a little bit high for those who want to participate as moderators, but you can think about it as an about the “inner PoS”.\n\nSo we have here a decent project, using the blockchain as a trustless holder of funds, which wants to step up the game on the level of the startups and wants to be a worldwide spread alternative to Kickstarter which represents a more US-based and oriented platform. With global coverage like this thanks to the element of cryptocurrency, you will be able to support the entrepreneurs from all over the world, and at the same time, you will have an assurance that project you decided to help will be motivated to deliver on their goals since there will be a party of moderators which can decide to freeze their funds if the roadmap goals weren't met. You, as a part of the ecosystem, have a right to flag fraud campaigns and to curate them through the Pledgecamp Moderator system. You are also part of the system that rewards Camp Shareholders with actual proceeds from campaigns, in the form of listing fees paid by entrepreneurs.\n\nThis project has a lot of great ideas, a good team of advisors and the power to change the current face of startup models. Just don't forget that like any good project, even Pledgecamp has its competitors who can simply adapt to the tempo of this new player and get the status back.\nAll in all, it definitely deserves some of your attention to make sure to join their telegram and ask as many questions as you please, before you consider investing in.\n\n<center>[Interested? Continue with reading here - Building a Next-Generation Crowdfunding Platform](https://medium.com/pledgecamp/building-a-next-generation-crowdfunding-platform-9ed9ac4eff2c)</center>\n\n<center>![PC pokus 3.png](https://cdn.steemitimages.com/DQmQFiziTEGeK496iTf7nwWXuLQNth753Vjoju1utdWRDCx/PC%20pokus%203.png)</center>\n***************************************************************************************\n<center>**Go and see more stuff from my library!**</center>\n\n<center>[My Medium](https://medium.com/@m.maler)</center>\n\n<center>[My Steem](https://steemit.com/@mickeymaler)</center>\n\n<center>[Tezkatlypoka from Reddit](https://www.reddit.com/user/tezkatlypoka)</center>\n\n**********************************************\n<center></center>\n\n<center>If You have any questions regarding my article, send me a message in the bottle\n(Prefer Tequila) at [Telegram](https://t.me/MickeyMaler) or shoot a shouted [\"Tweet\".](https://twitter.com/MickeyMaler)</center>\n\n >Do stay tuned\n\n                                             With respect, Mickey",
      "json_metadata": "{\"tags\":[\"cryptocurrency\",\"crypto\",\"blockchain\",\"startup\",\"bitcoin\"],\"image\":[\"https://cdn.steemitimages.com/DQmcqNkwuWiFJQ251peoxA8X2NvVySYRsuMz6KNmHGcfbDR/pledge_team.JPG\",\"https://cdn.steemitimages.com/DQmaJuq9BMsCBXQxNvxFYTw6DDmarVb5io24V3vLVt4TKLk/horizontal_pc.png\",\"https://img.youtube.com/vi/DCBABbhNUfY/0.jpg\",\"https://cdn.steemitimages.com/DQmSULZMP6zkmGhgfJ86uGKB5PHfGkDhL7GeYaJxC1Etows/advisors_list_pledgecamp.JPG\",\"https://cdn.steemitimages.com/DQmXtx6QjqmV55XsonYFLNoLWPJrxpjM5szHrbXUcUbncxJ/slack.JPG\",\"https://cdn.steemitimages.com/DQmNRYcTSutt4TJm7jR5v4TpiVPWSVxZS7Cfk1y7rTeWMwM/photo_2019-05-06_19-39-28.jpg\",\"https://cdn.steemitimages.com/DQmQFiziTEGeK496iTf7nwWXuLQNth753Vjoju1utdWRDCx/PC%20pokus%203.png\"],\"links\":[\"https://pledgecamp.com/\",\"https://pledgecamp.com/__pdf/pledgecamp_whitepaperv2_en.pdf\",\"https://twitter.com/Pledgecamp\",\"https://t.me/pledgecamp\",\"https://docs.google.com/document/d/1dGkMFUOsrWafSIN64CMT87DYFZn9wlVIh9_ccpCc8ug/edit\",\"https://pledgecamp.com/#roadmap\",\"https://www.youtube.com/watch?v=DCBABbhNUfY\",\"(pledgecamp.com/whitepaper)\",\"https://www.kickstarter.com/help/stats\",\"https://www.linkedin.com/in/randizuckerberg/\",\"https://www.linkedin.com/in/macurcio/\",\"https://www.coinbase.com/\",\"https://slack.com/intl/en-cz/\",\"https://www.oculus.com/\",\"https://medium.com/pledgecamp/building-a-next-generation-crowdfunding-platform-9ed9ac4eff2c\",\"https://medium.com/@m.maler\",\"https://steemit.com/@mickeymaler\",\"https://www.reddit.com/user/tezkatlypoka\",\"https://t.me/MickeyMaler\",\"https://twitter.com/MickeyMaler\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
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      "to": "mickeymaler",
      "amount": "0.003 STEEM",
      "memo": "Dear @mickeymaler, I hope you don't mind this little memo. Just yesterday I published new post on Steemit asking all readers to share their opinion on particular topic: \"AIRDROPS - do you LOVE OR HATE them? or simply don't care?\". I would be glad if you would share your view on that issue. I read and upvote all interesting comments. Yours, Piotr // LINK: https://steemit.com/blockchain/@crypto.piotr/airdrops-do-you-love-or-hate-them-or-simply-don-t-care"
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      "memo": "Dear @mickeymaler, I hope you don't mind my little memo. Did you ever think about IMPACT OF \"ALIENS\" on our religions? I would like to share with you link to very interesting discussion \"How will the overwhelming discovery of extraterrestrial life affect our lives and beliefs?\" by @jadams2k18. Perhaps you will find it interesting (I read and upvote all interesting comments). Yours, Piotr // LINK: https://steemit.com/life/@jadams2k18/how-will-the-overwhelming-discovery-of-extraterrestrial-life-affect-our-lives-and-beliefs"
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      "permlink": "san-francisco-blockchain-startup-with-a-team-comprised-of-ex-engineers-from-google-amazon-microsoft-and-apple-gearing-up-for",
      "title": "San Francisco blockchain startup with a team comprised of ex-engineers from Google, Amazon, Microsoft, and Apple gearing up for Blockchain evolution - Harmony",
      "body": "@@ -784,190 +784,366 @@\n --%0A%0A\n-%0A%0A%3Ccenter%3E!%5B57012670_341791779807901_3705921812777926656_n.png%5D(https://cdn.steemitimages.com/DQmZUi4jG2Jxp4CeL1UR9b7qFm9w2rFetVZMoa3cyGbEFR7/57012670_341791779807901_3\n+## Introduction%0A%0AThere was one unique finding for me this week which surprised me more than a new video clip from Rammstein, and it was a technological manifest called Harmony.%0A%0A%3Ccenter%3E!%5B56938207_436632360426108_7664708596747206656_n.png%5D(https://cdn.steemitimages.com/DQmbmXWM7NmoogCwm8y4gQKRdE6RuksEEp8WkvJvDhZPto7/56938207_436632360426108_7664\n 70\n+8\n 59\n-2181277792\n+674720\n 6656\n",
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      "title": "San Francisco blockchain startup with a team comprised of ex-engineers from Google, Amazon, Microsoft, and Apple gearing up for Blockchain evolution - Harmony",
      "body": "@@ -1506,17 +1506,17 @@\n  levels.\n- \n+%0A\n The plat\n",
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      "title": "San Francisco blockchain startup with a team comprised of ex-engineers from Google, Amazon, Microsoft, and Apple gearing up for Blockchain evolution - Harmony",
      "body": "@@ -780,16 +780,18 @@\n ------%0A%0A\n+%0A%0A\n %3Ccenter%3E\n@@ -796,474 +796,198 @@\n r%3E!%5B\n-Screenshot from 2019-04-12 10-38-32.png%5D(https://cdn.steemitimages.com/DQmcCBjmrdS3rE2zGLQuc95iLeAA8PWpqSgFysXDidKnMfU/Screenshot%2520from%25202019-04-12%252010-38-32.png)%3C/center%3E%0A%0A*Decentralized ledger technology promises to make data open and immutable. In explaining what %E2%80%9Cblockchain%E2%80%9D is to colleagues outside of the tech industry, we sometimes say it is like putting a ledger up in the sky%E2%80%8A%E2%80%94%E2%80%8Aeverybody can see the content, and nobody can tamper with it unilaterally.*\n+57012670_341791779807901_3705921812777926656_n.png%5D(https://cdn.steemitimages.com/DQmZUi4jG2Jxp4CeL1UR9b7qFm9w2rFetVZMoa3cyGbEFR7/57012670_341791779807901_3705921812777926656_n.png)%3C/center%3E\n %0A%0ATh\n@@ -1417,17 +1417,17 @@\n  people.\n-%0A\n+ \n Goal to \n@@ -1506,17 +1506,17 @@\n  levels.\n-%0A\n+ \n The plat\n",
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      "title": "San Francisco blockchain startup with a team comprised of ex-engineers from Google, Amazon, Microsoft, and Apple gearing up for Blockchain evolution - Harmony",
      "body": "@@ -1648,17 +1648,17 @@\n tencies.\n-%0A\n+ \n The infr\n@@ -4644,17 +4644,17 @@\n 00k TPS.\n-%0A\n+ \n They use\n@@ -4732,17 +4732,16 @@\n  works.%0A\n-%0A\n 100k TPS\n@@ -4819,17 +4819,17 @@\n ginning.\n-%0A\n+ \n They kno\n@@ -5041,18 +5041,17 @@\n purpose.\n-%0A%0A\n+ \n They str\n@@ -5122,17 +5122,17 @@\n nsensus;\n-%0A\n+ \n at least\n",
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      "permlink": "san-francisco-blockchain-startup-with-a-team-comprised-of-ex-engineers-from-google-amazon-microsoft-and-apple-gearing-up-for",
      "title": "San Francisco blockchain startup with a team comprised of ex-engineers from Google, Amazon, Microsoft, and Apple gearing up for Blockchain evolution - Harmony",
      "body": "# San Francisco blockchain startup with a team comprised of ex-engineers from Google, Amazon, Microsoft, and Apple gearing up for Blockchain evolution - Harmony\n\n<center>![Screenshot from 2019-04-12 10-46-35.png](https://cdn.steemitimages.com/DQmQeAA4gDNceuGPx8UFR1Q34UagaWAGyqMUcYVqYACPA1t/Screenshot%20from%202019-04-12%2010-46-35.png)</center>\n\n\n|[Web page](https://harmony.one/)|[White Paper](https://s3-us-west-1.amazonaws.com/harmony.one-website/Harmony+Whitepaper.pdf)| [Twitter](https://twitter.com/harmonyprotocol)  |\n|:------------- |:-------------:| -----:|\n\n\n|[Telegram](https://t.me/harmony_one)|[Brief Overview](https://www.endofthechain.com/harmony/)| [Blog](https://harmony.one/blog/blog.html)  |\n|:------------- |:-------------:| -----:|\n\n-----------------------------\n\n<center>![Screenshot from 2019-04-12 10-38-32.png](https://cdn.steemitimages.com/DQmcCBjmrdS3rE2zGLQuc95iLeAA8PWpqSgFysXDidKnMfU/Screenshot%20from%202019-04-12%2010-38-32.png)</center>\n\n*Decentralized ledger technology promises to make data open and immutable. In explaining what “blockchain” is to colleagues outside of the tech industry, we sometimes say it is like putting a ledger up in the sky — everybody can see the content, and nobody can tamper with it unilaterally.*\n\nThere was one unique finding for me this week which surprised me more than a new video clip from Rammstein, and it was a technological manifest called Harmony.\n\nDecentralized open ledger technology for open and immutable data sharing.\nHigh-performance blockchain protocol that can scale to serve to the applications of the future with a global range with furious speed and stable latencies.\nThe infrastructure for ten billion people.\nGoal to ameliorate the whole blockchain technology by enhancing it on all of its levels.\nThe platform on top of which you can host Decentralized Exchanges, power AI Data Marketplaces, experienced uncheatable gaming and unleash the next wave of scientific innovation that seems both so promising, yet out of reach with today’s systems.\n\nScalability is still the most missing piece in a public blockchain. Along with that is the high transaction fee. Low-tps blockchains like Ethereum (which gave us a possibility to create a lot of new stuff, Solidity, Metamask, Remix, Truffle,..) can't have a low transaction fee because of the overall system inefficiency. However, with high throughput, high-efficiency blockchain like Harmony, they can lower the transaction fee by at least an order of magnitude because the cost to process a transaction is much lower in a sharded blockchain they are creating.\nWith high scalability and low fee, it will trigger a lot more untapped use cases such as interactive gaming, decentralized exchange, etc.\n\nEven though Harmony has several competitors (look EOS, Zilliqa, Hasgrapg, Thunder, Dfinity, Kadena and Algorand), we can find them different very quickly.\nHarmony ‘s Core competitive difference is the potential to achieve Data as Universal Income via two complementary technologies that no one has utilized in the blockchain space yet.\nBy innovating on both the protocol and network layers, Harmony provides the world with a scalable and secure blockchain system that can support the emerging decentralized economy.\nHarmony can serve as a solution to the problem of data hoarding in science with the help of blockchain and bring new hope in the shape of Data Marketplace. This and blockchain based gaming could lead to the mass adoption of the blockchain.\n\nLet me introduce you to Harmony.\n<center>![Screenshot from 2019-04-12 10-50-43.png](https://cdn.steemitimages.com/DQmQPexhKbG3N3pRHc9nfU9bPacNCqT8TAj7uz658cN1tf8/Screenshot%20from%202019-04-12%2010-50-43.png)</center>\n\n## Goals\n\nOpen ledger for the next 10B people with an open consensus, permissionless by design that creates the base of the most valuable blockchain network.\nSo, are they able to design such an architecture that will allow them to keep improving towards achieving what they say? The answer to this question could be sharing which allows growing the throughput linearly with the number of nodes in the network and so that it can be limitless. For doing so, they would need a global network.\n\nThe team is very very rich in technical background, and they have a top-notch company experience since is composed of ex-Google, Amazon, Microsoft and Apple engineers, and 2 Ph.D.s and one Ph.D. candidate on top of that.\n<center>![harmony-team.png](https://cdn.steemitimages.com/DQmVNy5beG8q6xxvaeyHcxuNjgN8SmF7p65oPRkJNiWyN1V/harmony-team.png)</center>\n\nThey want to be cost-effective. They want to be effective in reaching their goal of 100k TPS.\nThey use what's already working and moving it forward, and that's how evolution works.\n\n100k TPS is their goal, and they want to design for that endgame at the very beginning.\nThey know that you can't deploy humongous amount of people on the platform like Ethereum, which is one of the most revolutionary blockchain-based applications of the current time, but it's not designed for such a purpose.\n\nThey strive to get this goal done by improving the Transport network, Consensus;\nat least 10x for each. So, let's take a look at how exactly they want to do it. This will be a Need For Speed.\n\n\n## Gearing for 10x Speed Up\n\n### 1) Transport network\n\nUsing of Google's QUIC build on UDP (googles UDP powers 35% of Google's traffic, or 7% of the Internet). UDP is an evolution of TCP.\nTCP works on the back and forth communication you know from a telephone communication, where one person can ask another side to repeat since the first person didn't hear or understand. UDP uses one-way communication, like Radio broadcasts or TV-sets. If you miss something, just keep listening because the transmission is live.\n\nNext important attribute is Bloom tables/Filters. They enable communication between shards in constant size O(1), rather than proportional to the total transaction size O(n)(Bitcoin in similar case uses template deltas). These tables tell you whether or not the desired item does not exist in the set of searched items, or whether it may be there. This leading to the speeding up of computation. \n\nThe last component of Transport network armory is Huawei 5G which provides 1 ms Latency: and this could be the key element for reaching those 10 Tx/s(with 5G). They are reducing the time of relay of packets using quick UDP, reducing the time to understand if the data is in a set or not, using bloom filters and then also using the 5G network (so yes, they can achieve what they want to achieve)\n\n### 2) Consensus\n\nHarmony has a uniquely designed and crafted consensus. It's based on the lessons learned from Omniledge, Rapidchain, industry projects and many other types of research.\nThis solution is two-fold. First, the network implements [Proof of Stake (PoS)](https://blog.goodaudience.com/enter-the-blockchain-d19600b7c673), paired with a modified [Practical Byzantine Fault Tolerance (PBFT)](https://blockonomi.com/practical-byzantine-fault-tolerance/) consensus algorithm called [Fast BFT(FBFT)](https://arxiv.org/abs/1612.04997). Second, they use [sharding](https://medium.com/nearprotocol/the-authoritative-guide-to-blockchain-sharding-part-1-1b53ed31e060), which distributes “not only network communication and transaction validation like Zilliqa, but also shards the blockchain state,” according to the whitepaper.\n\n\n**Key features are:**\n\n* Representative sharding: Adaptive POS-based sharding in their new design\n\n* Gradual transition: They adopted Cuckoo-rule based resharding (it's still a gradual transition, even less interruptive to the network)\n\n\n* Atomic shard-commit: Simplistic approach of using receipt-based cross-shard transaction with debit and credit phases\n\n\n* Pruning checkpoints: Since they moved to the Account model, they won't have checkpoint pruning, but they will have fast state synchronization\n\n\n * State sharding where each shard holds a subset of the blockchain state\n\n\n * Epoch: Omniledger prevents the corruption of shards by reshuffling all nodes in the shards at a fixed time interval called Epoch ​\n\n\n* Harmony adopts a different approach with proof-of-stake (PoS) as the validator registration or Sybil attack prevention mechanism\n\n* Shard-driven approach of cross-shard communication enhanced by Kademlia routing protocol for reducing the communication complexity; reducing the overall network load in a sharded blockchain\n\n\n* Beacon chain is the chain where stakers deposit their tokens to become validators. Chain for processing transactions, generation of the random number used for attack prevention and accepting stakes.\n\n* RaptorQ fountain code combats the problem of packet loss and latency spikes\n\n## Core technology\n\n### Deep Sharding\nProblem: Sharded blockchain projects (like  [Zilliqa](https://zilliqa.com/)) typically only shard the transactions (ie. transactions are processed in parallel via multiple nodes, rather than by every node). When those transactions are recorded on the chain, every node must acknowledge the transaction before it can be recorded.\nHarmony Solution: Deep Sharding, a term coined by our project, goes a level deeper. Instead of parallel processing just the transactions, our project is able to achieve consensus on multiple transactions in parallel. By accurately identifying nodes that are relevant to the transaction and only involving those nodes (instead of everyone in the chain), our project is designed to be a much faster blockchain.\n \n### Zero Knowledge Proof\nProblem: In order for someone to benefit from your data (Eg. Facebook or Google), they must have access to your entire data repositories we've seen, this raises the risk of privacy issues.\nHarmony Solution: Zero-Knowledge Proofs allow a company to use the data without knowing the exact details. For example, a company can find out where you are, not by knowing your exact location, but by getting verification of a range of potential locations you might be, hence maintaining your privacy.\n\n\n## Future use case \nHarmony blockchain will be able to put the ownership of user data back to the user and catch value for them with their data. And when this will be achieved, a lot of internet users will get rewarded for the data they generated.  On top of that, personal data will be kept in a secure, access-controlled place, that the owner has full control of their data. There won't be leaking concerns because all the data will be protected by blockchain cryptography and you can share them and use them under your rules only. This process is called: **Data as Universal Income**\nData is the new gold. It is estimated that both Facebook and Google generate over 85% of its revenue from Ads. That’s 85% of 46 billion and 136 billion dollars that these companies generated in 2018. They need your data for that. With Harmony, you can start your own Data as a Universal Income journey (with science researchers, social dynamic researchers, media, and so on).\n\n## Harmony and other projects\n\n### Harmony and Ocean protocol\nOcean (“data infra project”) is a data sharing protocol. Harmony can potentially collaborate with Ocean to enable to Data as Universal Income dream.\n\n### Harmony vs Ethereum\nEthereum is second gen blockchain where the transaction throughput is low and fees are high (layer 1 blockchain). Harmony will be the next-gen blockchain that solves the speed problem and brings down Tx fee to the minimum level where many more use cases will be feasible (like gaming or Defi).\n\n### Harmony vs Ontology\nOntology is a blockchain that's more focused on enterprise use cases, while Harmony is more general consumer focused.\n<center>![Harmony.jpg](https://cdn.steemitimages.com/DQmQPPbRZti8x6ZPFKFHiRCmtXnCArKz8vXZprofAnm6pxh/Harmony.jpg)</center>\n\n## Summarization\nSolid team, a lot of technical background experiences, geat vision, successful start-up, ability to contribute to the blockchain technology and supportive community.\n\n\n\n\n\n\n\n\n\n\n\n\n***************************************************************************************\n<center>**Go and see more stuff from my library!**</center>\n\n<center>[My Medium](https://medium.com/@m.maler)</center>\n\n<center>[My Steem](https://steemit.com/@mickeymaler)</center>\n\n<center>[Tezkatlypoka from Reddit](https://www.reddit.com/user/tezkatlypoka)</center>\n\n**********************************************\n<center>![Screenshot from 2019-04-12 10-00-47.png](https://cdn.steemitimages.com/DQmbMKUTDrUZnXWqpJCNbsRc7jJKtkixTM3zrAfGS4QfHY5/Screenshot%20from%202019-04-12%2010-00-47.png)</center>\n\n<center>If You have any questions regarding my article, send me a message in the bottle\n(Prefer Tequila) at [Telegram](https://t.me/MickeyMaler) or shoot a shouted [\"Tweet\".](https://twitter.com/MickeyMaler)</center>\n\n >Never stay tuned\n\n                                             With respect, Mickey",
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      "author": "mickeymaler",
      "permlink": "san-francisco-blockchain-startup-with-a-team-comprised-of-ex-engineers-from-google-amazon-microsoft-and-apple-gearing-up-for",
      "title": "San Francisco blockchain startup with a team comprised of ex-engineers from Google, Amazon, Microsoft, and Apple gearing up for Blockchain evolution - Harmony",
      "body": "# San Francisco blockchain startup with a team comprised of ex-engineers from Google, Amazon, Microsoft, and Apple gearing up for Blockchain evolution - Harmony\n\n<center>![Screenshot from 2019-04-12 10-46-35.png](https://cdn.steemitimages.com/DQmQeAA4gDNceuGPx8UFR1Q34UagaWAGyqMUcYVqYACPA1t/Screenshot%20from%202019-04-12%2010-46-35.png)</center>\n\n\n|[Web page](https://harmony.one/)|[White Paper](https://s3-us-west-1.amazonaws.com/harmony.one-website/Harmony+Whitepaper.pdf)| [Twitter](https://twitter.com/harmonyprotocol)  |\n|:------------- |:-------------:| -----:|\n\n\n|[Telegram](https://t.me/harmony_one)|[Brief Overview](https://www.endofthechain.com/harmony/)| [Blog](https://harmony.one/blog/blog.html)  |\n|:------------- |:-------------:| -----:|\n\n-----------------------------\n\n<center>![Screenshot from 2019-04-12 10-38-32.png](https://cdn.steemitimages.com/DQmcCBjmrdS3rE2zGLQuc95iLeAA8PWpqSgFysXDidKnMfU/Screenshot%20from%202019-04-12%2010-38-32.png)</center>\n\n*Decentralized ledger technology promises to make data open and immutable. In explaining what “blockchain” is to colleagues outside of the tech industry, we sometimes say it is like putting a ledger up in the sky — everybody can see the content, and nobody can tamper with it unilaterally.*\n\nThere was one unique finding for me this week which surprised me more than a new video clip from Rammstein, and it was a technological manifest called Harmony.\n\nDecentralized open ledger technology for open and immutable data sharing.\nHigh-performance blockchain protocol that can scale to serve to the applications of the future with a global range with furious speed and stable latencies.\nThe infrastructure for ten billion people.\nGoal to ameliorate the whole blockchain technology by enhancing it on all of its levels.\nThe platform on top of which you can host Decentralized Exchanges, power AI Data Marketplaces, experienced uncheatable gaming and unleash the next wave of scientific innovation that seems both so promising, yet out of reach with today’s systems.\n\nScalability is still the most missing piece in a public blockchain. Along with that is the high transaction fee. Low-tps blockchains like Ethereum (which gave us a possibility to create a lot of new stuff, Solidity, Metamask, Remix, Truffle,..) can't have a low transaction fee because of the overall system inefficiency. However, with high throughput, high-efficiency blockchain like Harmony, they can lower the transaction fee by at least an order of magnitude because the cost to process a transaction is much lower in a sharded blockchain they are creating.\nWith high scalability and low fee, it will trigger a lot more untapped use cases such as interactive gaming, decentralized exchange, etc.\n\nEven though Harmony has several competitors (look EOS, Zilliqa, Hasgrapg, Thunder, Dfinity, Kadena and Algorand), we can find them different very quickly.\nHarmony ‘s Core competitive difference is the potential to achieve Data as Universal Income via two complementary technologies that no one has utilized in the blockchain space yet.\nBy innovating on both the protocol and network layers, Harmony provides the world with a scalable and secure blockchain system that can support the emerging decentralized economy.\nHarmony can serve as a solution to the problem of data hoarding in science with the help of blockchain and bring new hope in the shape of Data Marketplace. This and blockchain based gaming could lead to the mass adoption of the blockchain.\n\nLet me introduce you to Harmony.\n<center>![Screenshot from 2019-04-12 10-50-43.png](https://cdn.steemitimages.com/DQmQPexhKbG3N3pRHc9nfU9bPacNCqT8TAj7uz658cN1tf8/Screenshot%20from%202019-04-12%2010-50-43.png)</center>\n\n## Goals\n\nOpen ledger for the next 10B people with an open consensus, permissionless by design that creates the base of the most valuable blockchain network.\nSo, are they able to design such an architecture that will allow them to keep improving towards achieving what they say? The answer to this question could be sharing which allows growing the throughput linearly with the number of nodes in the network and so that it can be limitless. For doing so, they would need a global network.\n\nThe team is very very rich in technical background, and they have a top-notch company experience since is composed of ex-Google, Amazon, Microsoft and Apple engineers, and 2 Ph.D.s and one Ph.D. candidate on top of that.\n<center>![harmony-team.png](https://cdn.steemitimages.com/DQmVNy5beG8q6xxvaeyHcxuNjgN8SmF7p65oPRkJNiWyN1V/harmony-team.png)</center>\n\nThey want to be cost-effective. They want to be effective in reaching their goal of 100k TPS.\nThey use what's already working and moving it forward, and that's how evolution works.\n\n100k TPS is their goal, and they want to design for that endgame at the very beginning.\nThey know that you can't deploy humongous amount of people on the platform like Ethereum, which is one of the most revolutionary blockchain-based applications of the current time, but it's not designed for such a purpose.\n\nThey strive to get this goal done by improving the Transport network, Consensus;\nat least 10x for each. So, let's take a look at how exactly they want to do it. This will be a Need For Speed.\n\n\n## Gearing for 10x Speed Up\n\n### 1) Transport network\n\nUsing of Google's QUIC build on UDP (googles UDP powers 35% of Google's traffic, or 7% of the Internet). UDP is an evolution of TCP.\nTCP works on the back and forth communication you know from a telephone communication, where one person can ask another side to repeat since the first person didn't hear or understand. UDP uses one-way communication, like Radio broadcasts or TV-sets. If you miss something, just keep listening because the transmission is live.\n\nNext important attribute is Bloom tables/Filters. They enable communication between shards in constant size O(1), rather than proportional to the total transaction size O(n)(Bitcoin in similar case uses template deltas). These tables tell you whether or not the desired item does not exist in the set of searched items, or whether it may be there. This leading to the speeding up of computation. \n\nThe last component of Transport network armory is Huawei 5G which provides 1 ms Latency: and this could be the key element for reaching those 10 Tx/s(with 5G). They are reducing the time of relay of packets using quick UDP, reducing the time to understand if the data is in a set or not, using bloom filters and then also using the 5G network (so yes, they can achieve what they want to achieve)\n\n### 2) Consensus\n\nHarmony has a uniquely designed and crafted consensus. It's based on the lessons learned from Omniledge, Rapidchain, industry projects and many other types of research.\nThis solution is two-fold. First, the network implements [Proof of Stake (PoS)](https://blog.goodaudience.com/enter-the-blockchain-d19600b7c673), paired with a modified [Practical Byzantine Fault Tolerance (PBFT)](https://blockonomi.com/practical-byzantine-fault-tolerance/) consensus algorithm called [Fast BFT(FBFT)](https://arxiv.org/abs/1612.04997). Second, they use [sharding](https://medium.com/nearprotocol/the-authoritative-guide-to-blockchain-sharding-part-1-1b53ed31e060), which distributes “not only network communication and transaction validation like Zilliqa, but also shards the blockchain state,” according to the whitepaper.\n\n\n**Key features are:**\n\n* Representative sharding: Adaptive POS-based sharding in their new design\n\n* Gradual transition: They adopted Cuckoo-rule based resharding (it's still a gradual transition, even less interruptive to the network)\n\n\n* Atomic shard-commit: Simplistic approach of using receipt-based cross-shard transaction with debit and credit phases\n\n\n* Pruning checkpoints: Since they moved to the Account model, they won't have checkpoint pruning, but they will have fast state synchronization\n\n\n * State sharding where each shard holds a subset of the blockchain state\n\n\n * Epoch: Omniledger prevents the corruption of shards by reshuffling all nodes in the shards at a fixed time interval called Epoch ​\n\n\n* Harmony adopts a different approach with proof-of-stake (PoS) as the validator registration or Sybil attack prevention mechanism\n\n* Shard-driven approach of cross-shard communication enhanced by Kademlia routing protocol for reducing the communication complexity; reducing the overall network load in a sharded blockchain\n\n\n* Beacon chain is the chain where stakers deposit their tokens to become validators. Chain for processing transactions, generation of the random number used for attack prevention and accepting stakes.\n\n* RaptorQ fountain code combats the problem of packet loss and latency spikes\n\n## Core technology\n\n### Deep Sharding\nProblem: Sharded blockchain projects (like  [Zilliqa](https://zilliqa.com/)) typically only shard the transactions (ie. transactions are processed in parallel via multiple nodes, rather than by every node). When those transactions are recorded on the chain, every node must acknowledge the transaction before it can be recorded.\nHarmony Solution: Deep Sharding, a term coined by our project, goes a level deeper. Instead of parallel processing just the transactions, our project is able to achieve consensus on multiple transactions in parallel. By accurately identifying nodes that are relevant to the transaction and only involving those nodes (instead of everyone in the chain), our project is designed to be a much faster blockchain.\n \n### Zero Knowledge Proof\nProblem: In order for someone to benefit from your data (Eg. Facebook or Google), they must have access to your entire data repositories we've seen, this raises the risk of privacy issues.\nHarmony Solution: Zero-Knowledge Proofs allow a company to use the data without knowing the exact details. For example, a company can find out where you are, not by knowing your exact location, but by getting verification of a range of potential locations you might be, hence maintaining your privacy.\n\n\n## Future use case \nHarmony blockchain will be able to put the ownership of user data back to the user and catch value for them with their data. And when this will be achieved, a lot of internet users will get rewarded for the data they generated.  On top of that, personal data will be kept in a secure, access-controlled place, that the owner has full control of their data. There won't be leaking concerns because all the data will be protected by blockchain cryptography and you can share them and use them under your rules only. This process is called: **Data as Universal Income**\nData is the new gold. It is estimated that both Facebook and Google generate over 85% of its revenue from Ads. That’s 85% of 46 billion and 136 billion dollars that these companies generated in 2018. They need your data for that. With Harmony, you can start your own Data as a Universal Income journey (with science researchers, social dynamic researchers, media, and so on).\n\n## Harmony and other projects\n\n### Harmony and Ocean protocol\nOcean (“data infra project”) is a data sharing protocol. Harmony can potentially collaborate with Ocean to enable to Data as Universal Income dream.\n\n### Harmony vs Ethereum\nEthereum is second gen blockchain where the transaction throughput is low and fees are high (layer 1 blockchain). Harmony will be the next-gen blockchain that solves the speed problem and brings down Tx fee to the minimum level where many more use cases will be feasible (like gaming or Defi).\n\n### Harmony vs Ontology\nOntology is a blockchain that's more focused on enterprise use cases, while Harmony is more general consumer focused.\n<center>![Harmony.jpg](https://cdn.steemitimages.com/DQmQPPbRZti8x6ZPFKFHiRCmtXnCArKz8vXZprofAnm6pxh/Harmony.jpg)</center>\n\n## Summarization\nSolid team, a lot of technical background experiences, geat vision, successful start-up, ability to contribute to the blockchain technology and supportive community.\n\n\n\n\n\n\n\n\n\n\n\n\n***************************************************************************************\n<center>**Go and see more stuff from my library!**</center>\n\n<center>[My Medium](https://medium.com/@m.maler)</center>\n\n<center>[My Steem](https://steemit.com/@mickeymaler)</center>\n\n<center>[Tezkatlypoka from Reddit](https://www.reddit.com/user/tezkatlypoka)</center>\n\n**********************************************\n<center>![Screenshot from 2019-04-12 10-00-47.png](https://cdn.steemitimages.com/DQmbMKUTDrUZnXWqpJCNbsRc7jJKtkixTM3zrAfGS4QfHY5/Screenshot%20from%202019-04-12%2010-00-47.png)</center>\n\n<center>If You have any questions regarding my article, send me a message in the bottle\n(Prefer Tequila) at [Telegram](https://t.me/MickeyMaler) or shoot a shouted [\"Tweet\".](https://twitter.com/MickeyMaler)</center>\n\n >Never stay tuned\n\n                                             With respect, Mickey",
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      "body": "@@ -1202,32 +1202,34 @@\n .png)%3C/center%3E%0A%0A\n+* \n %3Ccenter%3E%5BDidn't \n@@ -1291,16 +1291,17 @@\n  yoursel\n+f\n  right h\n@@ -1452,16 +1452,207 @@\n enter%3E%0A%0A\n+* %3Ccenter%3E%5BDo you want to experience  Arnold's dungeon? Play the soundtrack from his library for better immersion%5D(https://youtu.be/gXUcwprvldc?t=92)%3C/center%3E%0A%0A%3Ccenter%3E*_Part two_*%3C/center%3E%0A%0A\n #### If \n@@ -5616,17 +5616,16 @@\n lication\n-,\n  but exi\n",
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      "permlink": "standing-on-the-crypto-shoulders-of-coding-giants-with-arnold-daniels-of-lto-network-part-two-by-mickey-maler",
      "title": "Standing on the crypto shoulders of Coding Giants - with Arnold Daniels of LTO Network, Part Two; by Mickey Maler",
      "body": "# Standing on the crypto shoulders of Coding Giants - with Arnold Daniels of LTO Network, Part Two; by Mickey Maler\n\n<center>![Standing on the crypto shoulders of Coding Giants - with Arnold Daniels of LTO Network, Part Two; by Mickey Maler.jpg](https://cdn.steemitimages.com/DQmWUyp8Yc57PuK45C3BMfxKBuRmRhmtEJuxTk7xdMQ74k7/Standing%20on%20the%20crypto%20shoulders%20of%20Coding%20Giants%20-%20with%20Arnold%20Daniels%20of%20LTO%20Network,%20Part%20Two;%20by%20Mickey%20Maler.jpg)</center>\n\n\n|[Web page](https://lto.network/)|[White Paper](https://lto.network/documents/LTO%20Network%20-%20Technical%20Paper.pdf)| [Twitter](https://twitter.com/LTOnetwork)  |\n|:------------- |:-------------:| -----:|\n\n\n\n|[GitBook Guide](https://ltonetwork.gitbook.io/)|[Brief Overview](https://medium.com/ltonetwork/lto-network-in-100-300-and-500-words-35fe5bf82c4d)| [About Live Contracts](https://medium.com/harvard-undergraduate-blockchain-group/lto-network-how-reducing-power-increases-utility-bca7ca60bae4)  |\n|:------------- |:-------------:| -----:|\n\n-----------------------------\n\n\n\n<center>![Arnold Daniels.jpg](https://cdn.steemitimages.com/DQmPP8YRYfyHmLCVcAX9xpfagjyGu6hGWfdMqYf1zTCF7GV/ltonetworkgraphics.png)</center>\n\n<center>[Didn't catch the first part of this interview? Go and fetch up yoursel right here](https://medium.com/@m.maler/standing-on-the-crypto-shoulders-of-coding-giants-with-arnold-daniels-of-lto-network-by-mickey-5c9942907d8d)</center>\n\n#### If you are a Linux user, what is your favorite Linux distribution?\nI’ve used Ubuntu since Dapper Drake and Debian before that, but on my desktop as on pretty much any server I’ve set up. Running anything else, including Windows, feels like a long forgotten memory.\n\n#### I heard Rick Schmitz, the CEO at LTO Network, that you are their personal Vitalik! Let me ask you then, what do you think about Vitalik's and Satoshi contribution to this world?\nI can still imagine a world without blockchain. I hope in 5 years time, this will be different and we can put Satoshi and maybe even Vitalik in the software hall of fame together with Dennis Ritchie, Tim Berners-Lee, and Richard Stallman.\nI also want the stress that even though we all like heroes, software development is a team effort and we should praise the whole team, rather than single persons.\n\n#### And Linus Torvalds. Yes, you are right. Tell us then something about the rest of LTO coding core team, please.\nOur team is led by Sven, our CTO. He’s very much a tech guy like me, but he also has the management skills required to keep the project running smoothly.\nMoesjarraf has been with us since the beginning as the first ‘real’ job after college. He’s a true talent, that quickly worked his way up to the senior developer.\nYevhen thinks and works a systematic way that’s more common for a backend developer, but he’s chosen to focus on front-end instead. This gives the code a quality typically unseen in front-end applications. He works together with Sarfaraaz, our UI developer.\nBenjamin is a designer with proper HTML skills, all static sites, and pages are created by him.\nMitchel and Jurre are fresh out of college, with the whole academic knowledge fresh in mind. Mitchel helped a lot with the LTO whitepaper.\n\n#### Thanks for introducing us the rest of the LTO team. Since we talked about platforms earlier, would be what smart contract platforms you think have potential in the near future (EOS/NEO/ETH/QTUM, etc.)?\nI feel that there are too many projects focussing smart contracts that are very similar. Any advancements on one chain can be easily copied by others. So I doubt if technology can give any of those projects an edge. Instead, the ‘winning’ chain will be determined by other factors like the strength of the community and vendor lock-in. In that, Ethereum is clearly in the lead.\n\n<center>![Arnnold and Kate Daniels.jpg](https://cdn.steemitimages.com/DQmPASqmznawSaoaEzfvHQ8TRtE2hCpciwHEepSJC7t4qNH/Arnnold%20and%20Kate%20Daniels.jpg)</center>\n#### I read a few articles about PoS vs. PoW. What is your stand in this problem and what do you prefer more?\nProof of Work is a brilliant consensus mechanism that creates a network where anyone can participate without limitations. With Proof of Stake, the value of the network is directly linked to how likely the network can be compromised. That’s why PoS networks need to start centrally where the sale of tokens give the network it’s the initial value.\nThat said PoW has two major downsides in my opinion. First of all, mining is a major waste of energy, we have to be critical of that. Second, a mining pool can temporarily switch to mine on another network in order to discredit it. For this, I consider PoS to be the more practical one and therefore preferred.\n\n#### Can you tell us more about LTO consensus mechanisms, please? Is that right that you will transcend from the current one to the other, later during this year?\nLTO currently has Leased Proof of Stake as consensus mechanism. It’s a permissionless method, where anybody can run a node. The leasing allows token holders to participate without having to run a node themselves. It’s important that the token has a purpose for anyone holding it and not just a means for payment and/or speculation.\n\n#### What frameworks do you use? Are you also a creator of some of those?\nWe’re using NodeJS and PHP together with MongoDB and RabbitMQ. Our node isn’t a monotonic application, but exists as a collection of small decoupled services. Decoupling allows the solution to be elastically scalable.\nPHP has fallen out of grace, but it really deserves a second look. A major strength of PHP is that it’s naturally stateless. You can simply scale out when more capacity is needed to process the queued events. I’ve created libraries that embrace this kind of behavior.\nFor NodeJS we want the opposite. It should handle as many connections as possible, but we don’t need it to do the heavy lifting.\nAdditionally, we’re not afraid to go low level when needed. If performance matters, we code in C and expose this to Node or PHP, rather than trying to optimize the JavaScript/PHP code.\n\n#### What's your workflow is like for developing smart contracts and dapps, and what frameworks and tools do you like to use? What kind of devices do you use for your coding work, while sitting deep down in the dungeon? .)\nTests, tests, tests, and more tests. I try to do TDD, but typically write the code and tests pretty much at the same time. Automated tests are very important. I typically don’t even run the application until merging with the master.\nFor Live Contracts, we have a test suite where you write tests in Gherkin, which is a close as natural language (English) as you can get.\nI use a full blow IDE that allows me to run a test as I type it. It also does static code analysis, which includes type checking and many other things. I can’t imagine working without it.\nWe have a continuous integration street, which also runs static code analysis, all automated tests, and checks if the code meets our standards. This is all important to maintain high code quality.\n\n#### Now it's time to ask you If you would be so kind and educate us little about Layers LTO uses and the combination of Private/Public and Permissionless chains.\nLTO Network is a hybrid blockchain, consisting of a public PoS blockchain and a private event chain. Additionally, private data can be shared off-chain peer-to-peer between nodes. This is important for compliance of privacy regulations like GDPR.\nThe public chain is optimized for anchoring; writing a hash to the chain. That’s useful for timestamping and making data tamper-proof, but it also allows the parties to reach consensus on the private event chain.\nThe event chain is an ad-hoc blockchain. A new chain is created for each process and shared between the participants. There can be as little as 2 parties participating on the event chain, making it impossible to reach consensus in case of a conflict. To solve this, each event must be anchored on the public chain. Because all transactions on the public chain have a specific order, it can be used to determine the order of events in a trustless way.\n\n#### Can you please tell us something about Live Contracts and the way they act in LTO Network scheme?\nThe genesis event of an event chain contains a Live Contract. This contract defines the initial parties, processes that can be run and other rules that the parties want to agree upon.\nSimilar to a Smart Contract, only the actions defined in a Live Contract can be executed. However, unlike Smart Contracts, the Live Contract contains both on-chain as well as off-chain instructions, for instance, instructions for an existing system a party is already running. This makes it trivial to integrate LTO Network in existing IT infrastructure.\nSince the execution of instructions happens off-chain, there is no guaranteed truth. When a party puts data on the chain, it’s their claim. That claim can be disputed by any of the other parties at any time.\n\n#### Can Live Contract be considered as an LTO Network contribution to Blockchain tech?\nOther networks could benefit from Live Contracts as it fulfills a different role as Smart Contracts.\nThe beauty of a smart contract is that it can capture value, for instance by holding ETH or an ERC20 token, without the need of force to uphold the agreement. A Live Contract isn’t able to do that. However, a smart contract that doesn’t hold value is pointless. Being self-enforcing, allowing any party to walk away from it at any time.\nLive Contracts are much closer to contracts as we’re currently used to and can capture agreements that don’t fit the code-is-law logic of smart contracts.\n\n\n\n#### What kinds of cryptography do you use in LTO?\nWe use Blake2b and SHA-2 for hashing. For signing, we use ED-25519 and for encryption X-25519. These algorithms are widely supported. The rule is, if you don’t need to get experimental with encryption, then don’t.\n\n#### Are you plan to add other technological features right next to the anchoring?\nWe’re careful about trying to add to many features to our chain. Having limited functionality means it’s very easy to optimize on scalability and performance. For a general purpose blockchain like Hyperledger or Ethereum, this is much harder. We are planning to add some features.\nOn the public chain, we’ll be adding public certificates. The final goal of this is to function as a chain of trust. This has been tried on the web but lost out against SSL. We feel that this will work better on the blockchain.\nOn the private chain, we’ll also make it possible to share privacy sensitive data in a compliant way outside of a predefined process.\n\n#### OK my friend, we are almost done in here. Let me ask you then, what kind of advice would You give to young Arnold Daniels now?\nKeep your eyes open and don’t fall for sunk costs. I’ve worked on a lot of great projects like LTO, but I’ve also worked on projects that weren’t hitting it home. Letting go of your ‘baby’ can be hard, but you really need to keep honest with yourself.\n\n#### Do you have some tips and tricks, maybe books, for all those that want to become Blockchain developers, solid coders, even maybe Lead Architects?\nI didn’t feel that my Computer Engineering helped a lot when I started out as a developer. But later in my career, I benefited a lot of it. As an example, understanding blockchain on a technological level is very easy for a computer engineer as you’re already familiar with all the components. Without that, you risk becoming an expert in the framework or tech you’re using now, but that might be obsolete a few years later.\nI like design patterns, as they allow you to think in bigger blocks, for that read the books of the gang of four and Fowler. Don’t buy or read any programming language, framework or application books. Just get the information you need from the web and ignore the rest.\nThe best road from developer to architect is to work on anything. Help out any team that needs extra hands. Listen, learn and try to understand everything.\n\n#### What advice would the young Arnold Daniels give You? :)\nKeep in touch with your friends. I had a lot of friends in my twenties, but family life and my career made me neglect many friendships.\n\n#### I think that's a natural swap of every man in a specific time of life, my friend. What does the future hold for LTO Network and blockchain technology?\nIt’s time for blockchain to move beyond the experimental phase and provide real business value. LTO Network will be one of the projects that lead the way to mass adoption.\n\n#### Let me use my last two questions as a show-closer of this interview. What is the most inspiring book you have ever read?\n1984 by Orwell. It’s meant as dystopian future but is closer to the truth than ever intended. Not only is privacy dead. Less obvious is internet behaving as thought police. You can get publicly executed, cheered on by the masses, for saying (or even implying) something deemed politically incorrect. It makes me sad :-(\n\n#### And finish this by telling us something about the most adventurous trip you have ever made. Thank you very much for being my guest, have a nice day and I wish you all the best for upcoming years and a lot of nurturing and fertile ideas meanwhile coding in the dungeon. Take care.\nMy adventurous trip is becoming a dad. Becoming a father changes your life beyond recognition.\n\n<center>![Arnold out of the dungeon.jpg](https://cdn.steemitimages.com/DQmWpgjjuQUj6oQ9BodK8w3Mh2AdVHZTS1cZrz2fnKHpe7s/Arnold%20out%20of%20the%20dungeon.jpg)</center>\n\n## New York Minute\nI think you could have been born in a decade which allowed you to play and remember the legendary game: Max Payne. New York minute is a particular hardcore playing mode in which you need to take down your enemy every few seconds, or you will be shut down by the game. This brought me a decent idea to use this principle in my interview. Your task here is to answer these questions as spontaneously and using as fewer words as possible.\n\n#### 1. What would you do differently if you could do it all over again?\nTake the time to smell the roses. I haven’t always taken the time to actually enjoy what I was doing.\n\n#### 2. How has LTO Network's vision evolved from Day 1 to today?\nBy pivoting in small or big ways many times. A clear vision that you can follow all the way to success is an illusion.\n\n#### 3. What have you learned this year so far that will be game changing in the next year?\nCryptography based authentication in the browser (via the phone). We might be moving away from username/password authentication.\n\n#### 4. What is the greatest challenge you’ve faced with LTO Network so far?\nHaving to postpone the ICO for half a year after having to accept that we weren’t ready. And then for another 4 months while finding a way to deal with the ‘death’ of ICOs.\n\n#### 5. What keeps you up at night?\nNothing. If I’m stressed I become very tired and just want to sleep.\n\n#### 6. What have you learned this year that was a surprise?\n(A lot) more people are moving from ERC-20 to mainnet than the other way around.\n\n#### 7. What precisely is your priority for the next six months?\nKeeping the promises we made towards our community. That includes releasing a set of features, but mainly working on adoption.\n\n#### 8. What do you think is your own greatest leadership blindspot?\nI don’t consider myself a leader. While I love social situations, I am very much an introvert. That means most of the time I want to be left alone with my thoughts.\n\n#### 9. What does \"success\" for a company like LTO Network look like to you?\nWhen millions of people depend on LTO without even realizing it.\n\n#### 10. What about the space are you passionate about?\nThe community feeling for blockchain. I (mostly) love the discussions in our Telegram groups and crazy stuff like all kinds of memes.\n\n#### 11. How would customers benefit from LTO Network `s core strengths?\nBy picking the low hanging fruit, like adding a security layer through anchoring and then showing the blockchain is actually useful in the real world.\n\n\n<center>![Arnold gardener.jpg](https://cdn.steemitimages.com/DQmd1wnD3FFLC3BBewSjhoYAJt9Ym25FNQRMcbhcUXYHa1f/Arnold%20gardener.jpg)</center>\n\n**Additional Links**\n[Arnold Daniels - LinkedIn](https://www.linkedin.com/in/arnolddaniels/)\n\n[Arnold Daniels - Twitter](https://twitter.com/ArnoldDaniels)\n\n<center>_*The end*_</center>\n\n\n\n<center></center>\n\n<center>[LTO Network - Interview with CEO - Rick Schmitz - Vol. I](https://steemit.com/cryptocurrency/@mickeymaler/lto-network-interview-with-ceo-rick-schmitz-vol-i)</center>\n\n<center>[LTO Network - Interview with CEO - Rick Schmitz - Vol. II](https://steemit.com/cryptocurrency/@mickeymaler/lto-network-interview-with-ceo-rick-schmitz-vol-ii)</center>\n\n\n***************************************************************************************\n<center>**Go and see more stuff from my library!**</center>\n\n<center>[My Medium](https://medium.com/@m.maler)</center>\n\n<center>[My Steem](https://steemit.com/@mickeymaler)</center>\n\n<center>[Tezkatlypoka from Reddit](https://www.reddit.com/user/tezkatlypoka)</center>\n\n**********************************************\n<center>![konec.PNG](https://cdn.steemitimages.com/DQmeFfEpmLpmVPCYPTcEsFmpotgsLgvBWxmaLkbL2cLdCju/konec.PNG)</center>\n\n<center>If You have any questions regarding my article, send me a message in the bottle\n(Prefer Tequila) at [Telegram](https://t.me/MickeyMaler) or shoot a shouted [\"Tweet\".](https://twitter.com/MickeyMaler)</center>\n\n >Never stay tuned\n\n                                             With respect, Mickey",
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      "body": "Congratulations @mickeymaler! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@mickeymaler/birthday1.png</td><td>Happy Birthday! - You are on the Steem blockchain for 1 year!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@mickeymaler) and compare to others on the [Steem Ranking](http://steemitboard.com/ranking/index.php?name=mickeymaler)_</sub>\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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      "body": "Congratulations @mickeymaler! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :\n\n<table><tr><td>https://steemitimages.com/60x70/http://steemitboard.com/@mickeymaler/posts.png?201904012119</td><td>You published more than 30 posts. Your next target is to reach 40 posts.</td></tr>\n</table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@mickeymaler) and compare to others on the [Steem Ranking](http://steemitboard.com/ranking/index.php?name=mickeymaler)_</sub>\n<sub>_If you no longer want to receive notifications, reply to this comment with the word_ `STOP`</sub>\n\n\nTo support your work, I also upvoted your post!\n\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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      "title": "Standing on the crypto shoulders of Coding Giants - with Arnold Daniels of LTO Network; by Mickey Maler",
      "body": "# Standing on the crypto shoulders of Coding Giants - with Arnold Daniels of LTO Network; by Mickey Maler\n\n<center>![Arnold Daniesl, LTO Network.png](https://cdn.steemitimages.com/DQmUE4sAKPriZ65aPtjQ7xTW9V2dtappyowBCaojmy5f4Ry/received_2154339547936008.png)</center>\n\n\n|[Web page](https://lto.network/)|[White Paper](https://lto.network/documents/LTO%20Network%20-%20Technical%20Paper.pdf)| [Twitter](https://twitter.com/LTOnetwork)  |\n|:------------- |:-------------:| -----:|\n\n\n\n|[GitBook Guide](https://ltonetwork.gitbook.io/)|[Brief Overview](https://medium.com/ltonetwork/lto-network-in-100-300-and-500-words-35fe5bf82c4d)| [About Live Contracts](https://medium.com/harvard-undergraduate-blockchain-group/lto-network-how-reducing-power-increases-utility-bca7ca60bae4)  |\n|:------------- |:-------------:| -----:|\n\n-----------------------------\n\n<center>![Arnold Daniels.jpg](https://cdn.steemitimages.com/DQmPP8YRYfyHmLCVcAX9xpfagjyGu6hGWfdMqYf1zTCF7GV/ltonetworkgraphics.png)</center>\n\n\nArnold Daniels is an experienced web/software developer, Lead Architect, and the winner of First prize VenJ Blockathon 2017 from Amsterdam, who is more and more shifting his focus toward the technology of the blockchain.\nHe originally started as a database coder while studying at Haarlem Hogeschool. During the time of his study and a few years that followed, he helped to build and enhance several products and also take several projects to a new level, using his JavaScript, Node.js, MongoDB, AWS, PHP and MySQL skills; playing his role as Software Architect at Proactive Software, Lead Software Engineer at Cloud9 IDE, Co-Founder of Helder Hosting and Open Source Software Developer at Jasny.\nArnold is a Linux user and thus a keen enthusiast of the Open Source-way of developing software and working in the space where free distribution of innovative solutions, an exchange of creative ideas and encouraging people to use unique technologies can lead to changing the technological world as we know it and bring blockchain tech to current working business models.\nQuoting Arnold directly, he is a guy who loves building things from the ground up, playing an essential role in their early successes or failures. He can't have it no other way.\nWith his versatile set of skills and hard-working attitude, he is a perfect match for his most recent project, LTO Network/LegalThings, where he acts as a Co-Founder, Architect, and lead developer; extracting those roles from a label of classical blockchain CTO and walking on his own visionary way of doing things.\n\n\n\n\n## The Interview\n\n### The Part - One\n\n#### Hello Arnold, thank you very much for accepting my invitation for this little written up show! Can you please introduce yourself and tell us all something about what is your daily bread these days?\nI’m the Lead Architect of LTO Network, a hybrid blockchain build for business. Born in 1981, making me not quite a millennial, but also not gen-x. I can still remember a time, before the internet and cell-phones, where few people even had a computer at home. Luckily, my parents understood that computers were the future and bought an 8086 XT in ‘85. Later my brother and I got a Commodore 64 to play and experiment with.\nNow that I’m a father of two beautiful daughters of 4 and 6, I’m trying to do the same for them.\n\n#### Since you are a Lead Architect, can you describe the meaning of your current title for us and tell us also, how your ordinary working day looks like?\nWe’ve split the roles of CTO and Lead Architect. I believe these roles are irreconcilable. As a tech lead, I switch between isolating myself in ‘the dungeon’ to think clearly and get in the zone, and talking with all team members as well as (potential) clients.\nCurrently, my focus is primarily on the private event chain and decentralized workflows.\nThere aren’t many ordinary days. On other days when nothing is working out, I feel it’s better to quit and clear your head. But when I’m in the zone I can easily keep on developing for 30 hours straight.\n\n#### What are the top 3 characteristics that should have been possessed by every solid Lead Architect and what should be his possessions?\nUnderstanding why and how people could be using the technology. For that, you need to listen closely and read between the lines. Doing as instructed is typically the wrong path.\n\n#### For sure you remember that famous Bill Gates exhibition where he was demonstrating a new powerful feature in his Windows 98 which crashed into the Blue death mode right after he plugged the printer to it. Have you ever experienced something similar? A situation where everything works while you are compiling it at home and everything looks so good on the paper, but then nothing works when you are under the spotlight?\nAll the time, too many to mention. In a startup, it's common your still building till the last moment and that often goes wrong. Just roll with the punches.\n\n#### Haha, Thank you very much! Ok, let's get a little warm up. Do you know how to save your work and exit the VIM editor? :)\nHaha, yes just scream write quit. Unfortunately, I’ve had the ‘pleasure’ to have to work with many different editors. I prefer a full featured IDE.\n\n#### Experienced Linux user, this Arnold! Ok, so, since you are the architect, let us draw something on the paper, shall we? .) Please, imagine that you and me, want to create something revolutionary and embrace the blockchain technology into it. My idea is to create a medium, which would allow Xbox, PS players and all other gaming platforms users to enjoy the same game at the same time, no matter what platform they would use for their playing session.\nDo you think it's possible? What would we be in need for? Could all those side/cross/off- chains have been used and be combined with the multilayer approach, and create something useable for our case in the end?\nCross-platform gaming really doesn't require blockchain. As for in-game currency; Game developers currently are the centralized parties that can print money out of thin air. Also, the value is forever locked in the game, even if people stop playing. Without a huge demand from gamers, there isn't any insensitive to switch to crypto.\n\n#### You as the Architect, have you ever been in a situation where people said that \"something like this can not be done this way\" or \"this is an impossible task with our current roadmap/timeframe\" or \"this implementation won't make a sense\"...and still, you found a way how to make it work? If so, please, give us an example.\nThat's not a common scenario. The default credo is “Arnold will figure out a way”.\nIt does happen though. At one point, a client required that all data was be hosted on-premise and managed by the IT dept of their organization. However, they wanted us to guarantee data integrity. The immediate response was “that's not possible”, but we found a way by using blockchain anchoring.\n\n#### Yes, that's the definition of tuff live! But Arnold, let's take a look at from where have you started. One of your first involvement in the IT sector has been made via databases, where did you start with Access DB (database) which is a nonprofessional one but still functional and was quite edge cutting DB back in the day. Then you step up a bit towards MySQL which can be considered as close to the top ones; where did you communicate with DB server over a web interface, using PHP. You think databases evolve into something new these days or it's the same old structure with different security adjustments?\nMS Access is a DB, search, UI, and script engine all rolled into one. We’re more and more stepping away from all-in-one solutions. For modern applications, it’s not uncommon to use several databases as well as standalone search engines and BI tooling to get more knowledge out of the information we have.\nLooking at blockchain, we typically see this all-in-one approach. I feel that as blockchain matures, we’ll also move away from that, so on-chain data can be used any way we see fit.\n\n#### How did you get into IT and when did hear about Blockchain tech for the first time?\nA colleague was all into Bitcoin in 2010. He built a mining rig at home from some old computers. Unfortunately, I didn’t directly get it and didn’t look into it until much later.\n\n#### Since 2008, Blockchain walked a long way. How did blockchain evolve in those 11 years and what is the most revolutionary and most developed feature of this technology so fat? For example, we know that Smart Contract has been involved in 94 by Nick Szabo and as we can sense in 2019 that this vital aspect of bc tech can already reach its practical limits these days (but of course, it's suitable for most cases anyway).\nThe most revolutionary development has been blockchain itself, as described in the original Bitcoin papers. Process since than has been slow. Bitcoin has always had scripting. The Smart Contract is ‘revolution’ just meant going from non-Turing-complete to Turing-complete complete scripts.\nI feel that we haven't seen anything yet when it comes to the impact blockchain can have and that the most revolutionary advancements in this field are still ahead of us.\n\n#### In which areas of today's world we can use Blockchain tech and its core strengths as a meta-technology for enhancing and challenging other already running technologies?\nI would love to see blockchain replacing bureaucracy. Currently, trust in big organizations and governments is created through the bureaucracy. Enforcing strict procedures where many individuals are involved makes it hard to apply any form of favoritism. Similar to bureaucracy, blockchain adds inefficiency to provide these kinds of guarantees. However, these inefficiencies apply to computer systems and not humans.\nThe techniques used in blockchain technology are nothing new. The exciting part is how these techniques are smartly combined to create a trustless distributed system. Question is where are we okay with trusting another party and where do we desperately need a trustless solution? This is hard to answer as it differs from country to country, culture to culture and even person to person.\n\n#### Where can you see Blockchain and Smart Contract practical limitations?\nTo enforce an agreement, a Smart Contract needs to lock-in the full value of the agreement as a deposit, as all parties are free to walk away from the contract at their convenience. This isn’t possible for many real-life situations, so we rely on authorities that can apply force (like throw you in jail and take all your stuff). While such authorities could exist on-chain, it goes against the true spirit of blockchain.\n\n<center>![Arnold Daniels at Blockathon 2017.jpg](https://cdn.steemitimages.com/DQmXknMiXeUosiQJgBcQ4DbWNsRAJQ66mDDpgkJXyvsUupT/Arnold%20Daniels%20at%20Blockathon%202017.jpg)</center>\n\n#### Blockchain can be used as a database in some cases. Even though this is not the best possible use case for blockchain tech, can you find a spot DB area where it could have been beneficial?\nStoring data in a distributed way prevents altering history. So this might be beneficial for public records, preventing a 1984’s Ministry of Truth from becoming reality.\n\n#### What is the smartest use of blockchain tech you have ever seen and what do you think blocks this tech from getting adopted on a larger scale?\nThe smartest use is without a doubt the original use of Bitcoin; a digital currency. This was attempted many times before without success.\nThe anarcho-capitalism ideas that are prevalent in the crypto community are holding mainstream adoption back. To move further, we need to look at how businesses and governments can apply blockchain to improve the current system.\n\n#### What would be your answer to this question: “How would you describe a word “permissionless private chain” in plain English” ask by a 27-year-old charismatic girl who is trying to pick up you at the grocery store (you can see her holding a Rolling Stone magazine with your slightly edited LinkedIn Picture as a central theme on the Cover-up of the magazine)? And please, a famous statement like: “There is no spoon\" is currently prohibited.\nTrying to keep the conversation just friendly, not to get in trouble with the wife.\nWhen you have a disagreement with a company, they hold all the cards. Ever tried to explain a situation, just to hear “that’s not what our computer says”? With a permissionless private network, you have your own copy of the data, each piece of data has a unique fingerprint and based on that fingerprint thousands of computers will vow for you that the information you have is real and correct.\n\n#### Your most recent project, LTO Network (Liquid Tasks Orchestration), is pretty unique in a way it founded it's a way towards blockchain. Instead of going from a whitepaper to a product, LTO Network made a product on demand and created a blockchain based project out of that. Can you tell us when exactly have you known that you will be in need of blockchain for stepping the game up?\nWe pretty much fell into the blockchain space. We started using anchoring because we needed to ensure the integrity of data we didn’t control. For almost all clients, this was the first time they even heard about blockchain and now they were using it, albeit in a very modest way. From there we get requests like “Can we replace our current paper agreements with smart contracts?”. So we started doing research and found out that the technology didn’t meet the need of our clients and that our existing software could be easily modified to run decentralized. That’s when we realized we had a great opportunity.\n\n#### You agreed to use something of Waves technology in this project.\nWhat functionality did LTO Network borrow from Waves to make LTO work better?\nLTO is a hybrid solution with a public and private chain. The private chain is based on our original centralized software. The public chain is based on Waves.\nHowever, the story starts with NXT, one of the earliest blockchain that wasn’t forked from Bitcoin. Where Bitcoin is very flexible by using scripting for transactions, NXT is very rigid with hard-coded transaction types. This allows the blockchain to be optimized towards this limited functionality. Waves improved upon NXT with a much stronger PoS algorithm and by applying the NG protocol, which greatly increases the transaction speed and capacity. We, in turn, are limiting the functionality, even more, optimizing the blockchain for storing hashes. Also, we’re making adjustments to the consensus model in order to battle centralization.\n\n#### Is LTO Network considering to cooperate with another blockchain project or embracing its technology in similar manners as it was with Waves?\nNot in the same way as Waves, but we definitely plan to collaborate with other blockchain projects. We’re very interested in projects with authentication solutions. We’re doing a showcase with NuCypher, but I doubt it will stop there. There are many potential use cases for combining NuCypher with LTO Network.\n\n\n#### Please, can you describe what is the mission of LTO Network and how can other companies/governments profit from your solution?\nWe want everyone to be able to collaborate on a level playing field.\nTypically in automation, the biggest party, whether it’s an enterprise or government, build the ‘master’ system and all other parties can use that system, possibly connecting via an API. This means that all parties rely on and need to trust the information this system provides.\nWhen parties don’t want to rely on trust, automation doesn’t happen and we see parties relying only on their own systems and using old-school methods like e-mail, phone and even fax to communicate.\nWith LTO these systems can connect and work together in a trustless way.\n\n#### That's really nice, Arnold. Since I work as a Technical Writer at Red Hat, can you Imagine Red Hat or IBM using your product? How could this cooperation look like? Do you think those two companies could be a proper customer for LTO Network?\nProcess automation has come a long way in the last two decades and companies like Red Hat and IBM have played a big role in that. However, the focus has primarily been on automating internal processes. The next step is automation of cross-organizational processes. IBM and Red Hat can combine their existing solutions with LTO Network to make that leap.\n\n#### Is there some new partnership or potential customer somewhere on the horizon?\nWe don’t like to talk about potential clients and partners.\nAs far as a new (already announced) partnership goes, I’m pretty excited about the project we’re doing with IBM Watson, where we add machine learning to a decentralized workflow.\n\n#### What about exchange listening possibilities. Is there an exchange you would like to cooperate with or possible plan for getting listed somewhere else in close future?\nI’m really not involved in this part of the project. It would be useful for businesses to purchase LTO directly via their bank account or with a credit card. First having to purchase Bitcoin and then going to exchange is too big of a hurdle for our target audience.\n\n#### Yes. A FIAT Gateway would be lovely. Which governments are or could be involved with LTO Network somehow?\nIn Europe, countries need to collaborate but want to keep their sovereignty. We’re running a project that involves the Belgian and Dutch government, with the other surrounding countries also taken an interest.\n\n#### Regarding your current profession, what is your point of view on the open source way of creating software? Hyperledger, for example, is doing pretty great progress this quartal, sealing their partnership with another successful blockchain based project Quant Network and their Overledger OS. Can you imagine cooperation with one of those names or to be contributing to those open source platforms?\nBlockchain is all about the trustless operation. This can only happen if the code is open-source and can be checked by peers. In practice all blockchain projects are open-source, this isn’t limited to Hyperledger projects.\nTo be honest, I feel that Hyperledger projects are being snowed over by Fabric. You’d be surprised how little people know that Hyperledger is an umbrella project and not just Fabric.\nHyperledger projects benefit from funding via the Linux Foundation. We don’t need that. LTO is a healthy company with paying clients and well-functioning tokenomics.\nSo never say never, but there aren’t any plans to join the Hyperledger.\n\n<center>_*The end of the first part*_</center>\n\n<center>![Arnold Daniels of LTO Network, planking.jpg](https://cdn.steemitimages.com/DQmXkco2ZyfHSsDzpC7xNDhKGXPQH7ekrUBjtG56uUhMAE3/arnoldplanking.jpg)</center>\n\n<center>[LTO Network - Interview with CEO - Rick Schmitz - Vol. I](https://steemit.com/cryptocurrency/@mickeymaler/lto-network-interview-with-ceo-rick-schmitz-vol-i)</center>\n\n<center>[LTO Network - Interview with CEO - Rick Schmitz - Vol. II](https://steemit.com/cryptocurrency/@mickeymaler/lto-network-interview-with-ceo-rick-schmitz-vol-ii)</center>\n\n\n***************************************************************************************\n<center>**Go and see more stuff from my library!**</center>\n\n<center>[My Medium](https://medium.com/@m.maler)</center>\n\n<center>[My Steem](https://steemit.com/@mickeymaler)</center>\n\n<center>[Tezkatlypoka from Reddit](https://www.reddit.com/user/tezkatlypoka)</center>\n\n**********************************************\n<center>![konec.PNG](https://cdn.steemitimages.com/DQmeFfEpmLpmVPCYPTcEsFmpotgsLgvBWxmaLkbL2cLdCju/konec.PNG)</center>\n\n<center>If You have any questions regarding my article, send me a message in the bottle\n(Prefer Tequila) at [Telegram](https://t.me/MickeyMaler) or shoot a shouted [\"Tweet\".](https://twitter.com/MickeyMaler)</center>\n\n >Never stay tuned\n\n                                             With respect, Mickey",
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      "title": "LTO Network  - Interview with CEO - Rick Schmitz - Vol. I",
      "body": "# LTO Network  - Interview with CEO - Rick Schmitz - Vol. I\n<center>![BeFunky-collage4.jpg](https://cdn.steemitimages.com/DQmdChUpno8fKaF7kfne1JMdFWkUKiroqtEiW1WmWUCq9cb/BeFunky-collage4.jpg)</center>\n\n\n|[Web page](https://lto.network/)|[White Paper](https://lto.network/documents/LTO%20Network%20-%20Technical%20Paper.pdf)| [Twitter](https://twitter.com/LTOnetwork)  |\n|:------------- |:-------------:| -----:|\n\n\n\n\n## Intro\n\n2019 does not need to be a key moment for defining what blockchain is to the masses but it can be a time-shifting bridge that will help us to cross the abyss between a non-blockchain technology world and mass adoption. A critical aspect of the solution for this problem is not to use blockchain everywhere \"at all costs\", but to use it in a way where blockchain acts as a meta-technology. The technology that can challenge and improve already working solutions and smoothen them, while lowering costs.\nTo make people see that this is already possible, we need an example. An example of a company that uses the blockchain as a way to ameliorate already working processes; saving time and work as a side effect and thus money. LTO Network is one of those unique projects and in today's interview, we will be digging into the brain of its chairman (CEO) and see what brought forth this blockchain solution that is taking the cryptoverse by storm.\n\nThis project is really unique in a way they got to where they are now. Instead of going from a whitepaper to a product, they made a product on demand and created a blockchain based project out of that. The goal of LTO Network (Liquid Tack Orchestration) is to provide a technological solution which fights bureaucracy, fraud, and nepotism. They believe that privacy and transparency are not mutually exclusive and they are willing to prove it.\nThey found a way in which governments or multinationals can trust each other in a business manner while being GDPR compliant. The problem is that those groups are reluctant to replace their own systems and are working on one central solution. In other words, they want to work together, but this has to be by participating in the process with their own stuff. They have already codified so much in legislation on how to work on a process that runs between multiple organizations, but they don't automate them. They use the old school fax machines, post, and emails to communicate during the process. \n\nLTO Network wants to step up the game by developing and providing the Toolkit for Trustless Workflows. LTO is a solution to automate workflows in the B2B market by making them trustworthy between each party. To execute this, they split up their solution into a Hybrid Chain with 2 different layers.\nThe second layer uses permissionless private chains, which utilize LTO “Live Contracts”. The “Live Contract” is like a workflow to automate processes. For example, a customer who applies within a KYC, which is getting signed by the company. The information about this event happening gets hashed (saved within the cryptographic algorithm) on the first layer, which acts then as the security layer. All of this is possible by connecting legacy systems that the parties already use, making adoption easy and seamless.\n\nLadies and gentlemen, our today's guest is a successful businessman who is focusing on legal things (also, LegalThings is another project of Rick Schmitz btw) and leading aspect of his second project registered in Netherlands, LTO Network. Ladies and gentlemen, the CEO at LTO Network, Mr. Rick Schmitz.\n\n## The Interview\n\n#### Good afternoon, Rick! Thank you for making some time in your tight schedule for this interview. First, I have introduced you as the CEO of LTO Network. Please tell us something more about yourself and, more importantly, how the idea about creating your own blockchain based project has begun?\n\nI used to work as an M&A tax lawyer up to 2013 at PWC. Starting with our blockchain was not something that happened after a couple of drinks with your friends, it was a journey that already begun in 2014. Arnold pointed me on a cool project (Ethereum) were they introduced smart contracts. For the purpose were we wanted to use it for back then it wasn't suited, so we decided to build our own deterministic workflow engine. We started to sell this workflow engine as a SaaS to companies as a centralized solution. We had implemented anchoring of data implemented already in 2016 to secure data integrity going around on the platform. We used bitcoin BC back then.\n\nThe reason to start our own dedicated blockchain solution was winning the hackathon challenge from the Dutch Ministry of Justice back in 2017. The challenge was to speed up the process of an impoundment of a vehicle. Multiple actors using different systems needed to work together on the same process. Our workflow engine was perfect for this as it was based on a deterministic finite state machine technique. We modified the workflow engine in such a way it was possible to communicate the state change in the respective process to the other participant in the process. These actors didn't need to wait for an email, phone call or fax that a step was executed, they could all calculate it themselves on their own nodes. \nThis was unlocking a whole new level of efficiency that could change the way organizations and governments work together on repetitive processes. That when we decided to take this to the next level adding also a public chain layer (as bitcoin was too slow and expensive) to secure the data transactions taking place in those private workflows. \n\n\n#### Is this your first project or do you already have experiences from previous startups, projects or corporation we could hear about?\n\nThis is definitely not my first venture. I started lensdeal.nl, a website for online contacts in 2011. Sold that in 2016.\nIn 2012/2013 I started FIRM24.com, as a platform for entrepreneurs to incorporate entities. About 15% of all corporate notary work in the Netherlands flows through this platform. This company is still owned by me and my business partner. I became a passive shareholder there in 2016 to focus solely on the software branch (LTO Network).\n\n#### Tell us something about your past working experiences.\nI was in M&A and so was my business partner Martijn Migchelsen. I was doing tax structuring and legal stuff on a transaction and Martijn was doing corporate finance on the deals. From this experience, we gained a lot of knowledge on how to run, finance and structure a company. We also had staff members working for us, so it teaches you how to complete a project with multiple people working in multiple jurisdictions to complete an M&A transaction. This was a perfect school to run a company and also to get the maximum output from a team. We have been doing that on every deal.\n\n\n\n#### How did you get into IT and meet your current team?\nI kinda always knew that I was more an entrepreneur, but the convenience of a salary and bonus was just too good in the first years. In 2012/2013 FIRM24 became too big to run that on the side, so I went and all-in on the entrepreneurial life first, Martijn still supporting me with his PWC salary, and 3 months later it was also time for him to quit his job. We have been a team ever since. Me as business development and sales and Martijn the financial matters and team.\n\nIn 2014 I met Arnold Daniels, who had a lot of experience in the startup scene. Together with his brother Ruben Daniels they where behind Helder Hosting and Cloud9 IDE (sold to Amazon). Arnold is our Vitalik, but with social skills. Me and Martijn needed a new workflow engine to automate the notary process on FIRM24. From one thing came another and all up a sudden we were engaging in a blockchain project with now Arnold as a business partner too. \n\nThe rest of our IT team. Most guys we recruit from Uni. We do a ping-pong beer party every year on the Amsterdam Science park where all the software engineers, AI students and other beta people go. This is great to recruit at the bottom and find fresh talent before the big tech companies snitch them away. \n\n\n\n#### Has the team ever won some coding or IT-related contest?\nYes, we won the 2017 Blockchain hackathon of the Ministry of Justice. \n<center>![Screenshot from 2019-03-06 18-21-48.png](https://cdn.steemitimages.com/DQmeV3uh5LUoWuwDJK4KaCCUUrdZBp7TiYsoXFuTpXTtUnY/Screenshot%20from%202019-03-06%2018-21-48.png)</center>\n\n#### How long have you been interested in blockchain technology and when did you make your first Bitcoin (BTC) purchase? \n\nIn December 2014 Arnold showed me the ethereum project. I remember him saying hey let's set up a node and purchase ETH for 1000 EUR or to run these smart contracts to see if it's useful for us. I said, do the research first and when you think we can use this technique let's set up a node and buy some ETH. He came back with the conclusion that smart contracts were not useful for anything except for holding and transferring something of value. Great for things like ICO's but that's about it. So we pulled the plug on Ethereum, didn't purchase EUR 1000 in ETH when it was almost free. \nMy first bitcoin I purchased was in 2016. So quite late to the party. The developers wherein way earlier.\n\n#### How many years are you assuming that it will take for blockchain to become fully adopted in the ordinary life of everyday people? \nIf you notice blockchain, it's bad. Blockchain is nothing more than a technique which can be used to reduce friction and make things more efficient. This underlying technology is already being implemented in businesses today. Currently in smaller scales, but I've seen things moving to production phase already. Users won't even know they are using blockchain. I think in 2/3 years from now that the majority (more than 50%) of the large organizations have implemented blockchain in their day to day operational systems. \nWhat helps for adoption are the tech giants (like Facebook with Whatsapp messenger) breaking the barriers. It might not be the best fit for the narrative of decentralization, but as a company, we need to think in terms of making what users need, and not just build stuff we like.\n\n\n\n\n\n#### I provided a bit of an LTO Network introduction above. How would you introduce the concept to people who have not heard of LTO Network before?\nLTO Network dual-layer approach enables collaborations between multiple organizations and departments via our decentralized workflows engine, where parties can keep using their own (legacy) systems to participate in a process while securing every data transaction in the LTO Network public chain. \n\n#### Have you been pleased with the result of your crowdsale? \nYes definitely. We raised enough to accomplish the goals I've set for the team in the next 3 years. Super grateful to the community, and we did not stop working for a single day.\n\n#### What is your core vision and how can LTO Network change and ameliorate the face of today's service using via crypto and Blockchain technology?\n\nLTO Network has been servicing enterprise clients for the last four years. In 2017\nwe started focusing on decentralized workflows. This changed the way new clients\napproach us, in the most peculiar way.\n\n“We want to do something with the blockchain. Can you please come up with a way, how we\ncan apply it to our organization?”\nThere is no lack of great blockchain projects. But all of them seem to suffer from the\nsame problem; little to no adoption. \nThat's why we only engage in projects that bring value and have a good chance to be rolled out in the production phase. \nFor LTO Network this value is unlocking a new level of efficiency to automate processes that run between multiple parties or parties that want to secure their data integrity (only layer 1).\n[**If you want to dive deeper have a look at the visionary paper we wrote.**](https://lto.network/documents/LTO%20Network%20-%20Visionary%20Paper.pdf)\n\n\n#### What does LTO Network have that no other crypto project has? What’s the killer feature? Is it that Hybrid element of your solution?\n\nWe have the only permissionless private blockchain(s). \nYou can start as a centralized workflow solution but can decide to decentralize the workflow by inviting other organizations on the respective workflow. This party can decide for themselves if they want to participate via the node of the invitee or to spin up their own node to communicate on the process. Permissions to participate as an actor are orchestrated in the workflow itself, and not by the network. This allows for ad hoc collaborations, which are happening all the time in the real world. Just to give you an example. What is a trucking company goes bankrupt the day that you need to ship your waste from A to B. If you would use hyperledger or another permissioned private chain, you would have a problem, as you would need to ask permission to join. And the bigger the consortium, the more bureaucratic and time consuming that process takes. We solved that to allow ad hoc collaborations on the fly. No other chain is designed like this. \nOther USP's: \n* Parties can delete private chains to comply with GDPR (right to be forgotten) regulation. \n* Layer 1 is dedicated to anchoring so lightweight and cost-efficient to secure data transactions. \n* The hybridness of the network: It allows for both on-chain and off chain communication.\n\n\n#### What about those “Anchors and the Anchoring process”? Can you explain this in plain English, please?\n\n\nThe first layer, the LTO Network global public chain, is the internet's 'Proof Engine'. Any type of data can be secured and verified on authenticity. You can try it yourself in our anchoring demo. [**Try it with a PDF, for instance.**](https://anchor-demo.lto.network/demo/)\n\n#### Is your GDPR solution ready to stand against all GDPR regulations and is it set up for spreading into US and China market? \nWe have implemented privacy by design. This is one of our key USP's and why organizations choose us. As you are able to delete private chains, but keep the audit trail in the public chain to proving the authenticity of the respective data and steps taken in a process (immutable audit trail).\nWe are already working with the biggest legal process outsourcer in the USA and more clients in the USA are in the pipeline. The US is definitely a new focus territory. We don't have anything in China currently but our solution could work perfectly there as well. \n\n#### Can you provide an example from your real life where LTO Network could help solve some issues in an ordinary person’s day? \nIf you are working in operations at an organization or government than you are burning a lot of time on communication and administration on processes (process management). Imagine that 50% of this communication and administrative burden would disappear, as it happens automatically using LTO Network. That means you would have 50% to focus on things that cannot be automated (or reduce administrative personnel and save money).\n\n\n#### How do you deal with competition from similar crypto oriented projects?\n\nWe try to do things differently than other projects, we are more like a normal company but with public exposure. We know how to manage assets and why having a revenue-making company is important. Not just to build something, but build something users need. \nWe do not spend dozens of thousands on useless blockchain parties or press releases which no one reads. The focus is to try to involve the community and empower them at every step of our journey. The network effect of crypto is really something everyone underestimates. So our transparency, adoption-focus and open communications were probably appreciated by the community members, and we are very humbled by that.\nTo facilitate that, we do not only provide a lot of documentation and materials, but are also constantly online and try to do a lot of things in an interesting way: token model, adoption strategies, community engagement, etc.\n\n\n#### Can you introduce the LTO token to us, please? People can hold it in their ERC20 wallets like MEW and many others, or they can send it to LTO Mainnet and use it there for leasing. \n\nSince the technology and the company have been maturing for many years, mainnet is up and there are a number of ways you can participate in the network! You can set up a node, stake LTO and receive miner rewards. Or, if you are not too techy, you can just “vote” for someone else to run a node and get rewards for you. You can also combine either of those two with doing community work and getting more rewards. \nThis is really something essential we want to emphasize: we involve the community at every step, and we want to make sure there are multiple cool ways you can participate in the network. If you are tired of passively holding coins, LTO has a few cool engagement ways!\n\n\n#### Next cool thing is that Troll Under the Bridge. Can you tell us something about these elements and how can one make some money by holding and providing a bag of LTO tokens to LTO node runners?\n\nThe token supply exists simultaneously over 2 blockchains (1:1), and there is a bridge troll in-between controlling the flow of tokens. It is the same supply, just re-distributed over 2 blockchains. It protects the community from dumping and also ensures proper adoption dynamics. It burns your tokens once you go from mainnet to ERC20 depending on the fee, and gives 40 LTO to mainnet nodes if you go from ERC20 to mainnet.\nIt’s a way to prevent early sell-offs by punishing, as well as reward early node runners.\n\n\n#### From the team’s communications, LTO Network believes the community is very important to its blockchain solution design. Can you elaborate on how the token and token value helps bind the community to your project? \n\nWe believe an ICO or a blockchain project holds strong power in distributed economic incentives. Everyone, who is a token holder, will benefit from the growth of the ecosystem. Therefore, it is imperative to empower the community, to give them all the tools and rights to bring adoption and users to the network. For that, you need transparent communication, coherent documentation, solution-focused website, etc. We have most of this out already but are constantly improving and educating the community members. The power of the community is not to go around and sell their coins to each other turning this into a zero-sum game, but to bring adoption from the outside of the crypto echo chamber.\n\n#### And I believe there is a community platform, correct? Is this your marketing strategy to raise awareness of LTO Network and to get more people involved in the community? \n\nCommunity platform is a way to automate and keep track if that work, We removed the bot-features like spamming comments because this is not the best way to present a project in social media. What it does is it crapes blockchain data (but we do not know how much you hold, don’t worry we are not in the business of selling data) and it calculated your status based on a few automatic and manual factors. It’s like a new way of governance.\n\n#### Suppose I am a company new to the crypto world and I want to use your application. What steps should I take first?\n\nIf you want to use the solution, you do not even need to be involved with crypto. That’s the beauty of our products. We managed to split the layers of a user (token_holder) in such a way, that both can benefit while removing the frictions of “buying tokens” when you are a solution user. The staking model in place and the leasing combine both communities. As a solution user, just go to our website (we are updating it) and see how you can use the blockchain by connecting your existing legacy systems.\n\n#### Ok, Rick, we are at the end of our first session. I would like to get back to you and ask you one of my favorite questions as a first-half show closer. What is the most inspiring book you have ever read and what book you have enjoyed the most? \nI love the autobiography of Richard Branson \"Losing My Virginity\". This book really inspired me to quit my job at PWC and go all in to become an entrepreneur. \nThis is also the last book I read. I am more a \"do-er\" than a reader. \n\n<center>_*The end of the first part*_</center>\n\n<center>[_*Enter Part Two here*_](https://steemit.com/cryptocurrency/@mickeymaler/lto-network-interview-with-ceo-rick-schmitz-vol-ii)</center>\n\n<center>![konec.PNG](https://cdn.steemitimages.com/DQmeFfEpmLpmVPCYPTcEsFmpotgsLgvBWxmaLkbL2cLdCju/konec.PNG)</center>\n\n***************************************************************************************\n<center>**Go and see more stuff from my library!**</center>\n\n<center>[My Medium](https://medium.com/@m.maler)</center>\n\n<center>[My Steem](https://steemit.com/@mickeymaler)</center>\n\n<center>[Tezkatlypoka from Reddit](https://www.reddit.com/user/tezkatlypoka)</center>\n\n**********************************************\n<center>If You have any questions regarding my article, send me a message in the bottle\n(Prefer Tequila) at [Telegram](https://t.me/MickeyMaler) or shoot a shouted [\"Tweet\".](https://twitter.com/MickeyMaler)</center>\n\n >Never stay tuned\n\n                                             With respect, Mickey",
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      "author": "mickeymaler",
      "permlink": "lto-network-interview-with-ceo-rick-schmitz-vol-ii",
      "title": "LTO Network  - Interview with CEO - Rick Schmitz - Vol. II",
      "body": "# LTO Network  - Interview with CEO - Rick Schmitz - Vol. II\n<center>![BeFunky-collage4.jpg](https://cdn.steemitimages.com/DQmdChUpno8fKaF7kfne1JMdFWkUKiroqtEiW1WmWUCq9cb/BeFunky-collage4.jpg)</center>\n\n\n|[Web page](https://lto.network/)|[White Paper](https://lto.network/documents/LTO%20Network%20-%20Technical%20Paper.pdf)| [Twitter](https://twitter.com/LTOnetwork)  |\n|:------------- |:-------------:| -----:|\n\n-----------------------------\n<center>[Back to Part One](https://steemit.com/cryptocurrency/@mickeymaler/lto-network-interview-with-ceo-rick-schmitz-vol-i)</center>\n\n<center>[Capptions signs partnership with LTO Network to give blockchain a mobile face](https://capptions.com/partner/ltonetwork)</center>\n\n<center>[LTO Network - An example of how a real product and business lead to the adoption of the blockchain](https://twitter.com/GCrypto_Media/status/1103715317073805317)</center>\n\n<center>[LTO Network - Review -The path to 1 USD](https://blog.goodaudience.com/introduction-2903cadafd0f)</center>\n\n\n\n\n## Part Two\n\n#### One of the basic elements of LTO Network is the Live contracts. What is the structure and purpose of this element?\nSimilar to a Smart Contract, a Live Contract provides a dynamic method for defining logic on the blockchain. However, the purpose of a Live Contract is not just to determine the state of a process, but to actively instruct humans and computers about the steps it contains.\n\nIn other words, a Live Contract is a workflow. A workflow is a sequence of related steps or processes that are necessary to complete a particular task. Think of it this way: a workflow has rules, where a certain action triggers another action, and so on.\n\nA workflow is essentially the general template of a business process. For example, consider the workflow of a simple lease agreement approval, in which a document gets (1) drafted, (2) approved and (3) signed. A process is the specific instance of this workflow, so, for example, the lease agreement between parties A and B, which was drafted by an employee of B, approved by the CEO of B, and signed by both parties.\n\nA workflow always contains certain logic: the rules mentioned before. Take for example the rule that signing can only come after approval, or that a rejection instead of approval would lead to a re-draft of the agreement.\n\nWorkflow + workflow rules = Live Contract\n\n\n#### For the nerds under us: What data structure we can find in those Live contracts? Is it a simple JSON?\nYes, correct, it is structured as a simple JSON. [You can check 2 workflows in JSON here](https://playground.lto.network/)\n\n#### What has been your biggest coding challenge with LTO Network so far?\nWork towards a shippable beta and then iterate and improve your product. This is the pitfall you see so many times. “The biggest waste of all is building a product that customers refused to use.” I love this phrase of Eric Ries. This is so true. I have experienced it with many projects we did in the companies I was involved in. We threw away so many features and even complete product because it just wasn't what the market was looking for. This is exactly why you need a kick-ass product owner. Developers just love building with new techniques, testing new frameworks and build a Ferrari when the markets have skeds for a car. \nRather launch a beta product which you can test fast and iterate then wait for a Ferrari where there is no demand for. \n\n#### Are you planning to expand your team and how are you intending to keep knowledge redundancy within LTO team with many specialized employees in the team?\nThe risk of a brain drain is a big issue for startups. I experienced it once myself in 2016 when a rockstar online marketeer got offered a position at Staples and paid him 3 times his current salary. That's when I realized that for key employees you need to offer something more than just a good salary and nice environment. They must have skin in the game. So that's what we did. As a key employee, you benefit from the upsides of the company. And no-one wants to leave a potential unicorn. \nAnd we are definitely looking for new talent. Software development, UX/UI, sales and account management positions. \n\n#### There are two main layers. How do they operate and how do you deal with scalability\n\nThe private layer is for data sharing, process automation, and collaboration. The public layer, on the other hand, acts as a security settlement layer, like an immutable digital notary for hashes of layer 2 (a distributed hash table, of a sort). This hybrid approach makes LTO Network GDPR and data privacy compliant, as well as extremely scalable.\n\nCheck this piece for more info.\n\n#### What is LTO Network's contribution to evolving and developing blockchain technology as a whole? Those Live Contracts you have mentioned earlier, for example?\n\nLayer 1 is not innovation, it’s just what it is supposed to do. It is an essential piece, and it is needed for both the business and the scalability/security aspects of LTO solutions, but the innovation is in layer-2. We managed to connect something simple yet extremely demanded and utilized the new security paradigm to guarantee that organizations can collaborate with each other securely and efficiently, using their existing legacy systems. As outlined in the visionary paper, we believe that the blockchain adoption will not start with stable coins or something complicated, but by baby steps of providing efficient integration with the tools of the past, and then evolving from there.\n\n\n#### Since there is a possibility to stake LTO tokens in nodes which are a fundamental part of the whole ecosystem. Can anyone start a node? What are the requirements? The minimum amount of tokens someone needs to run a node, etc.?\n\n\nIt’s a permissionless public blockchain, so anyone can run a node. The sybil prevention is Fair Leased Proof of Stake for now. This means you can either run a node yourself or “send the voting right” (do not confuse with DPOS) to another node. In the latter case, you would split rewards with the node you work with. THis creates a cool community engagement, where every node is like a distributed community of itself, working on its own engagement and traction. \n\n#### Are people helping LTO Network significantly by running such (master)nodes?\n\nWe do not have masternodes, it’s a permissionless network. Right now it’s Fair Leased Proof of Stake, but Q3/4 we are switching to our own development: Leased Proof of Importance. This will make sure that the network is less centralized, and that there is more focus on actual network users. [You can take a look here.](https://bit.ly/2AFYCMh) And yes, definitely! More nodes and better token distribution imply higher security for the network. Thus we are doing network incentives to encourage more community to spin up a node themselves, and not just least.\n\n#### What does Future hold for LTO? Where do you see LTO Network in about a year?\nNetwork adoption is key! We are a development toolkit and it must be used!\nThere are going to be a handful of fabrics that are there to stay that will work together and dominate the blockchain landscape. For decentralized workflows, we believe that we are the strongest player.\n\nOur strategy is to start with low entry blockchain adoption. That is securing data transactions through anchoring on our layer 1. Our target is 15M transactions/month year end 2019.\nNext phase will be certificated. Introduction of certificates to check if any action or event is valid or allow to execute something. Think of permits needed for construction, transportation, shipping, ISO, CE, chamber of commerce data, etc). Our target is 5 production ready implementations year end 2019.\n\nWhen you use certificates on a chain it is a small step to execute decentralized workflows to enable inter-organizational collaboration. \nWe focus on integrators that implement our tools and offer them an enterprise edition that provides them with plug & play integrations and extra features like Proxy re-encryption, Elastic scaling, and Search & indexing.\n\n\n## New York Minute \nI think you could have been born in a decade which allowed you to play and remember the legendary game: Max Payne. New York minute is a particular hardcore playing mode in which you need to take down your enemy every few seconds, or you will be shut down by the game. This brought me a decent idea to use this principle in my interview. Your task here is to answer these questions as spontaneously and using as fewer words as possible.\n\n#### 1. What would you do differently if you could do it all over again?\nI would never have started lensdeal.nl. Although it was great learning I would never start something anymore in an industry that I don't understand. We have a saying in Dutch: \"Shoemaker stays at your last\". That applies to me. \n\n####  2. How has LTO Network's vision evolved from Day 1 to today?\nFrom a focus on replacing contracting to the facilitation of the execution of the process itself through blockchain technology. \n\n####  3. What have you learned this year so far that will be game changing in the next year?\nThat there are a lot of people that I have never met before that are willing to get the project to the next level in terms of setting up nodes, building stuff for the network and bringing us new leads to clients. We are investing in exactly these people as these are causing the snowball effect which is key for adoption.\n\n\n####  4. What is the greatest challenge you’ve faced with LTO Network so far?\nGetting the project on the radar in the crypto scene. At some point, I thought we will remain a project that no-one knows of but that is used the most. \n\n####  5. What keeps you up at night?\nMy 9-month-old son\n\n####  6. What have you learned this year that was a surprise?\nThe power of the community. I didn't expect such traction in just a couple of weeks. \n\n####  7. What precisely is your priority for the next six months?\nGrowing the network in terms of transactions from clients and nodes within the network\n\n #### 8. What do you think is your own greatest leadership blindspot?\nI think I am a people's person, where I am not. \n\n####  9. What does \"success\" for a company like LTO Network look like to you?\nBe the number 1 blockchain used for everything that involves process automation and collaboration. \n\n#### 10. What about the space are you passionate about?\nBeing at the cradle of mass adoption of blockchain technology \n\n#### 11. How could customers benefit from LTO Network's core strengths?\nProcess efficiency and data integrity. It's all about cost reduction and security.\n\n\n\n\n\n\n<center>_*The end of the second part*_</center>\n\n\n<center>![konec.PNG](https://cdn.steemitimages.com/DQmeFfEpmLpmVPCYPTcEsFmpotgsLgvBWxmaLkbL2cLdCju/konec.PNG)</center>\n\n***************************************************************************************\n<center>**Go and see more stuff from my library!**</center>\n\n<center>[My Medium](https://medium.com/@m.maler)</center>\n\n<center>[My Steem](https://steemit.com/@mickeymaler)</center>\n\n<center>[Tezkatlypoka from Reddit](https://www.reddit.com/user/tezkatlypoka)</center>\n\n**********************************************\n<center>If You have any questions regarding my article, send me a message in the bottle\n(Prefer Tequila) at [Telegram](https://t.me/MickeyMaler) or shoot a shouted [\"Tweet\".](https://twitter.com/MickeyMaler)</center>\n\n >Never stay tuned\n\n                                             With respect, Mickey",
      "json_metadata": "{\"tags\":[\"cryptocurrency\",\"crypto\",\"bitcoin\",\"lto\",\"blockchain\"],\"image\":[\"https://cdn.steemitimages.com/DQmdChUpno8fKaF7kfne1JMdFWkUKiroqtEiW1WmWUCq9cb/BeFunky-collage4.jpg\",\"https://cdn.steemitimages.com/DQmeFfEpmLpmVPCYPTcEsFmpotgsLgvBWxmaLkbL2cLdCju/konec.PNG\"],\"links\":[\"https://lto.network/\",\"https://lto.network/documents/LTO%20Network%20-%20Technical%20Paper.pdf\",\"https://twitter.com/LTOnetwork\",\"https://steemit.com/cryptocurrency/@mickeymaler/lto-network-interview-with-ceo-rick-schmitz-vol-i\",\"https://capptions.com/partner/ltonetwork\",\"https://twitter.com/GCrypto_Media/status/1103715317073805317\",\"https://blog.goodaudience.com/introduction-2903cadafd0f\",\"https://playground.lto.network/\",\"https://bit.ly/2AFYCMh\",\"https://medium.com/@m.maler\",\"https://steemit.com/@mickeymaler\",\"https://www.reddit.com/user/tezkatlypoka\",\"https://t.me/MickeyMaler\",\"https://twitter.com/MickeyMaler\"],\"app\":\"steemit/0.1\",\"format\":\"markdown\"}"
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      "memo": "Dear @mickeymaler, My friend @julianhorack published very interesting post about CENSORSHIP on social media and on blockchain. He does believe that blockchain is our solution and I seem to disagree with his concept. Perhaps you would like to share your own opinion on this particular topic? I would APPRECIATE very much and I will read, upvote and reply to every single comment. Yours, Piotr // LINK: https://steemit.com/informationwar/@crypto.piotr/re-julianhorack-blockchain-as-the-liberator-of-the-masses-from-the-claws-of-the-nwo-20190330t110024985z"
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      "memo": "Hi again @mickeymaler. I hope you don't mind one more memo from me. If you do then please let me know and I will not bother you again. EACH WEEKEND I'm trying to promote 1-2 publications which I consider VALUABLE and related to BLOCKCHAIN technology. Good friend of mine @guysellars posted interesting article about KYC and AML. I would love to know what is your opinon on this particular subject. Yours, Piotr // LINK: https://steemit.com/bitcoin/@crypto.piotr/re-guysellars-kyc-and-aml-are-good-yum-20190324t092617518z"
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      "memo": "Dear @mickeymaler. Have you ever been wondering about purchasing your own NANO Ledger? I did several times. Friend of mine described his own valuable experience with this company and I would like to share link to his publication with you. Perhaps you will find it useful or even you could share your own experience with NANO Ledgers? I will gladly read all comments. Yours, Piotr // LINK: https://steemit.com/business/@crypto.piotr/re-roleerob-celebrating-good-business-latest-from-ledger-20190324t090152829z"
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      "amount": "0.001 STEEM",
      "memo": "BuildTeam is proud to announce the release of DLease.io - our flagship P2P leasing marketplace app, aimed at assisting Steemians in leasing and delegating STEEM POWER for daily passive returns, with recent yields as high as 20% APR. DLease.io is a professional grade app , designed to replace the current MinnowBooster.net leasing market which has to date facilitated nearly 20 Million STEEM POWER in lease value to happy BuildTeam customers. View the new app at https://dlease.io/ or read the announcement post on https://steemit.com/@dlease."
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    {
      "parent_author": "",
      "parent_permlink": "cryptocurrency",
      "author": "mickeymaler",
      "permlink": "lto-network-the-path-to-1-usd",
      "title": "LTO Network  -  The path to 1 USD",
      "body": "@@ -7626,16 +7626,326 @@\n twork)%0A%0A\n+* %5BLTO Network%E2%80%8A%E2%80%94%E2%80%8AInterview with CEO%E2%80%8A%E2%80%94%E2%80%8ARick Schmitz%E2%80%8A%E2%80%94%E2%80%8AVol. I%5D(https://medium.com/@m.maler/lto-network-interview-with-ceo-rick-schmitz-vol-i-a3dbb2faace)%0A%0A* %5BLTO Network%E2%80%8A%E2%80%94%E2%80%8AInterview with CEO%E2%80%8A%E2%80%94%E2%80%8ARick Schmitz%E2%80%8A%E2%80%94%E2%80%8AVol. II%5D(https://medium.com/@m.maler/lto-network-interview-with-ceo-rick-schmitz-vol-ii-1977ce847092)%0A%0A%0A\n %3Ccenter%3E\n",
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