Weekly ADK Vol. 51 December 24 - 30 2018

hirochang (38)in #money • 6 years ago

Translators (hajime, kazu, HALO)
(http://twitter.com/3284_hajime)
(http://twitter.com/nishinokazu)
(http://twitter.com/subjayc)
Hello! This is Yusui (@hirochang).

After updating Weekly ADK at Christmas Eve last week, I’m writing this article on New Year's Eve.
I feel like I'm out of luck all the time these days....hehehe.

Since it is the end of the year, there are not many topics this week.
Please check the ADK information quickly and have a happy new year!
=== Contents ============

1. ADK-ETF news have come out around the world!

2. Cryptact started supporting Aidosmarket

3. STEP 2 is about to be completed!

3.1. For someone who has trouble with Aidoswallet

4. Extra

=======================

1. ADK-ETF news have come out around the world!

@ Vietnam
http://www.thegioitiepthi.vn/p/thi-truong-tien-mat-ma-tiep-tuc-don-nhan-tin-tot-20881.html
@ Uganda
http://www.itwebafrica.com/fintech/842-kenya/245279-kenyan-cryptocurrency-to-list
https://www.sautitech.com/tech/kenyan-cryptocurrency-aidos-kuneen-to -list /(Tangle-based cryptocurrency is introduced.)
@ the USA
https://www.coinspeaker.com/about/ (* Source is ADK itself.)
@Spain https://www.criptoalerta.io/2018/12/19/primer-listado-mundial-de-etf-criptografico-en-nairobi-securities-exchang/ ...
@Kenya (New one)
https://kenyan-digest.com/worlds-first-crypto-based-fund-to-be-listed-on-the-nse/ ...
@Germany
https://www.kryptokumpel.de/bank/der-erste-krypto-etf-kommt/ ...
Indonesia
https://twitter.com/DyahKartikaRini/status/1075314271536496641 (The article itself is reproduce of businesstoday’s article)
Czech Republic
https://arbolet.net/clanek/9430-the-first-crypto-physical-backed-etf-will-not-be-btc-but-adk
(It introduces topics about DAG based blockchain, Kudelski company's audit, and STEP2 and so on in detail.)

[Ricardo]
Vietnam is coming up because we are in talks with several exchange that are active there
But as always I am always slow with exchange since I do not trust them
[Yusui]
Speaking of Vietnam, Mr.Ricardo’s nickname is DON and Vietnam's currency is the Vietnamese DONG. Hehehe.

2. Cryptact started supporting Aidosmarket

Cryptact is Japan based tax service.
(It also covers many exchanges around the world.)
https://imgsafe.org/image/f8b1f937db
https://twitter.com/Cryptact/status/1077851963264385025
[Cryptact @Cryptact]
We started supporting BTCBOX and AidosMarket.
https://grid.cryptact.com/
[Yusui]
Cryptact was really helpful to me last year.
Even if there was a miss calculation, it pointed out my mistake. It is a very useful service.

3. STEP 2 is about to be completed!

[Questioner]
Hello! How is the progress of STEP2 ?

[Ricardo]
Step 2 codes are being Audited and as soon as the company publishes the results and we get to see no major issues, we will then implement. They promised us 30-40 days.
*By the way, now the test version of new wallet is updated on github.
[Yusui]
I am so curious about the new wallet, but I can’t understand the codes.
I also think it is better for most of people to wait for official release, hehehe.

[Ricardo]
Hahahah. Let’s wait until all files are there.

3.1. For someone who has trouble with Aidoswallet

[Ricardo]
Remember when not much activities on the network then our servers need to take over,
and it seems they are down. It will be up and running soon.
[Yusui]
I guess that this phenomenon is owing to the structure of DAG and what ADK corder mentioned in the past. He said “ADK transaction network would be centralized at the beginning”. (Sorry if not concerned... hehe.)

☆Explanation by the ADK coder (Quote from ADK slack, edited)
Basically, as long as ADK is based on PoW, There is a possibility that transaction errors could happen in case of over 51% hash power can be obtained by someone.
In particular, since ADK doesn’t have minors, it depends on frequency of transactions. It is unfortunate that the possibility of transaction errors will rise at the beginning of the launch.
For this problem in the early days when we won’t have reliable nodes, instead of PoW, we are considering a way that allows only reliable nodes to approve transactions.
In that period, as long as the trusted nodes can be really trusted, some malicious nodes won’t be able to cause reorg. Then, after checking that the frequency of transaction has increased and possibility of reorg is gone, I intend to change the PoW-based authorization.
Just to make sure, the trusted nodes will be more than one. Also, they need to gain a majority to approve transactions. In addition, theoretically, other nodes that are not the nodes Aidos side prepared are able to register as a trustworthy nodes.
However, as someone pointed out, compared with pure PoW, it is centralized. This is due to realize zero-free, I think it is a necessary cost. As someone pointed out, since ordinary PoW is a mechanism to gather hash power. So I won’t say like some competitor, "This is a completely decentralized”
Anyway, it is a fact that it will primary be closer to centralization than a PoW-based coin is a fact.

====

4. Extra

[Ricardo]
Please keep in mind that what is important with ADK is the usage and business plan.
[Yusui]
I will be in trouble if actual demand and business plan do not explode in 2019...
Have a good new year to you all!