(For the technical stuff jump straight to “Iterational Improvement: Vertical Spread”)

How often has social media radically altered your life?

Take a minute to reflect on this. Remember the various instances that had a huge impact on you. Maybe you found the advice that helped you solve a problem you were wrestling with. Maybe you stumpled upon something that peaked your interest and consequently went down a rabbit hole. Maybe you established a meaningful connection online. Maybe you even got a job. I experienced each of these and so much more.

Silicon Valley in a Ukrainian Village

Yet we are just starting to become aware of…

The COVID-19 pandemic has massively accelerated the adoption of digital technologies. We are now more aware than ever about the crucial part technology plays in our daily lifes as we come to terms with the accelerating progress of ever more sophisticated software.

Artificial intelligence is one major theme in this development. Over the last years, it has been touted as the solution to every business problem. Marketing wizards have abused the term as a buzzword to capitalize on the naivety of their customers. And science-fiction has painted a grim future of total machine-domination.

Despite most of the hype transcending rationality…

AI has been a buzzword for quite some time. Lately it has grown in economic significance. AI is being deployed to filter out harmful content from social media, to recommend videos and products, for chat bots, face recognition and many more use cases. In the future AI will become the central coordinator of many industries. It will be driving our cars, generate video game content, manage industrial plants, hire employees and much much more.

A new buzzword is emerging: General Artificial Intelligence… an AI that is capable of learning to solve any task rather than being designed to solve a…

Using Ict for Permissionless Chat on the IOTA Tangle

The Iota Controlled agenT (Ict) is a project being developed by the IOTA Foundation Omega Team. To most in the community, Ict appears rather abstract, futuristic and difficult to fully grasp. This is why Samuel and I have decided to release CHAT.ixi, a chat app running on Ict. As a tangible proof-of-concept, it gives Ict a face and showcases what the IOTA eXtension Interface (IXI) is capable of.

Introducing CHAT.ixi

On the surface, CHAT.ixi is really no more than just another chat application. But there’s more! Things get more interesting once you look deeper into the tech surrounding it. CHAT.ixi runs on…

First off, excuse the complex headline. You have to understand that this is a quite abstract thing to talk about because it all happens on a 4th layer:

  • 1st Layer: IOTA (data transmission, data integrity, data persistence)
  • 2nd Layer: Qubic Lite (quorum consensus framework on top of IOTA)
  • 3rd Layer: TOQEN (qApp on Qubic Lite; simulates a token blockchain)
  • 4th Layer: MicroHash (smart contract on TOQEN protocol)

MicroHash is the first smart contract on the Tangle - and it is already live at this very moment!

Isn’t Qubic basically Smart Contracts anyways?

Not directly. In first place, qubic itself is decentralized computing. A smart contract, however…

One of the most exciting features of Distributed Ledger Technologies are Smart Contracts: decentralized contracts which are not controlled by a single entity and will inevitably be settled the way the contract author programmed them to do. Smart contract platforms such as Ethereum have emerged to become the second generation of cryptocurrency. However, recent events have made it obvious that the nature of blockchain technology prevents it from executing such contracts in a fast, cheap and scalable manner.

The IOTA protocol, on the other hand, which utilizes a DAG architecture (Tangle) to solve the scaling problems of blockchain, unfortunately lacks…

After the launch of the first Qubic Lite prototype last week on qubiota.com, it is about time to finally publish the source code, which will happen this sunday. To prepare for that, I figured it was best to write a short and rather simple technical article disclosing the very basic concepts needed to understand the data layer and consensus mechanism utilized by Qlite.

Part I: Consensus is Relative

A qubic is processed by several q-nodes acting as oracles. The power of the qubic lies in the consensus: you do not have to trust any single oracle, instead you put your trust into the entirety of…

Qubic has been the most exciting topic and source of wild speculations in the IOTA community for the last two months now. Those who took their dive into the technology described by the IOTA Foundation are slowly getting a better picture of its intriguing and unique nature.

However, projects with a potential impact of this size have to be thought through in concept accurately and designed very carefully. Qubic is a huge undertaking and, as such, will require a lot of planning, experimenting, implementing and testing.

But while this takes its fair share of time, there is a tremendous need…

Almost 10 years ago, Satoshi Nakamoto published a paper titled: “Bitcoin: A Peer-to-Peer Electronic Cash System”. The idea of Bitcoin was born but back then you would have been called delusional if you thought an entire asset market worth twelve digit USD figures would emerge from that.

Discover and review best Blockchain softwares

What started with BTC, was soon complemented with other assets. At first, there were mostly just renamed Bitcoin forks but later new protocols with different natures were designed and even virtual tokens were created on top of smart contract platforms. …

2017 was perhaps the most insane and spectacular year for crypto we have seen so far. Without a doubt, ICOs have been one of the main drivers of this hype. One project, Ethereum (which has gained 10,000% in 2017, making it the 2nd largest crypto by marketcap as of today), has immensely profited by creating a new market for ERC20 tokens, - entire token assets built on top of Ethereum.

However, Ethereum was not designed to be highly scalable. Transaction fees have been rising, making it more and more unattractive for a wide range of applications. …

Lukas Tassanyi (MicroHash)

Took the red pill. Check my Twitter (@micro_hash) for a chaotic mix of thoughts on #economics, #politics, #digital #technology, #psychology, #society and more.

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