One of The First BTC Devs to Join ERA

The new startup will release an AXE token based on the GUN indexing system and Malmi's developed decentralized Identifi identity protocol
31 July 2018   1971

First after Satoshi Nakamoto,  bitcoin developer Martti Malmi joined the team of the ERA cryptocurrency project, whose goal is the decentralization of the Internet. This is reported by CoinDesk.

The new startup will release an AXE token based on the GUN indexing system and Malmi's developed decentralized Identifi identity protocol.

In 2014, Marty Malmy created his own unique system to reduce the control of corporations such as Google, Facebook and Amazon.

Martti and I were discussing how governments can still blacklist bitcoin miners' IP addresses. Telecom companies, Google, Amazon or others can throttle or reroute our traffic without net neutrality.

Mark Nadal

CEO, ERA

According to Malmy, thanks to Identifi, users will be able to leave a digital signature under their posts and attach the identification data (name, avatar, reviews) to the public key.

You could have users digitally sign all their posts and use Identifi to fetch the identity profile (name, avatar, feedback etc.) that corresponds to the public key. You could use your Identifi web of trust to filter out spam, trolls and other kinds of unwanted content without resorting to centralized censorship. That is useful for decentralized social media.
 

Martti Malmi

Bitcoin developer

The AXE Token will allow you to pay for the transfer of encrypted data between servers that can not "read" them.

According to Mark Nadal, the ERA project will use AX as decentralized money and will not use the blockchain to store user data.

Old Korean Social Network to Close After Tokensale

Cyworld platform started operating back in 1999 and it conducted an IEO at CoinZest this year
14 October 2019   49

Investors who acquired the clink cryptocurrency issued by the South Korean social network Cyworld are worried about the status of their investments due to the company's sudden closure, reports Korea Times. Some of them are ready to go to court.

The Cyworld platform was launched in 1999 and was especially popular among the country's population until the mid-2000s. The company, however, failed to see the trend towards the development of mobile solutions on time and as a result lost its position in the market. On October 1, it closed her platform without posting any warnings to users.

At the same time, the Clink site was unavailable, and Cyworld management continues to ignore the numerous requests of investors. The Korean exchanges CoinZest and BitSonic, where Clink is still being traded, are considering delisting the asset. Industry officials say Clink's investor losses will be at least 1 billion won ($ 845,000).

Clink's primary distribution was through IEO through the CoinZest platform earlier this year and, according to the Korea Times, it was the company's attempt to bring a fading social network back to life. A total of 24 million Clink tokens were sold for a total of 480 million won ($ 400,000).

In the second half of 2019, employees who have not received salaries since the end of 2018 began to leave the company en masse. Since the start of trading, the Clink price has fallen from 26 won to 0.19 won. According to the Coingecko portal, Clink's current capitalization and revolving volume are unknown, while the marginal issue volume is 10 billion units.