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   2370

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.

Neo Foundation to Withdraw $11M From Cold Wallet

These funds will be used to finance its operations in currrent reporting year and $190M are stiill in the vault
26 March 2020   946

On March 25, the Neo Foundation announced the withdrawal of 1,660,865 NEO ($ 11 million) from the cold wallet to finance its activities in the current reporting year. About $ 190 million are still in reserves.

According to rules established in the Neo White Paper, the NEO tokens maintained by the Neo Foundation are mainly used to continuously support Neo's technological development, ecosystem growth, community expansion and the normal operations of the foundation and related organizations. 

 

Neo Foundation

According to the publication, 1,660,865 NEOs were transferred “from a blocked account to a current account”. As the information on the blockchain shows, these funds were directed to an address containing 14.6 million NEO or about $ 100 million. The project does not disclose who controls this address and what fate awaits the released tokens.

White paper Neo suggests that project costs in any given year should not exceed 15 million tokens. In the near future, a financial report for 2019 will be published.

At the time of publication, NEO is the 23rd largest asset on the market with a capitalization of $ 479 million. The price of one NEO is $ 6.79.