A short note: Persona project was handed over to Hodler Entreprises. Not sold, not acquired but handed over.

As most of the Persona community know, Persona ICO took place between December 15th, 2017 and February 24, 2018.

We raised 77.29 BTC, 1084.00 ETH, and 314487 ARK.

The BTC value on December 15th was USD 17.706 and by the February 24th dropped to USD 9813.

The ETH value had a different movement. The value raised from USD 684.45 to USD 840.525.

The ARK value was in line with BTC behavior and dropped from USD 4.28 to USD 3.66.

The funds were escrowed by ARK, and they were released only after the Persona token distribution has ended. As you can see in any of the explorers (BTC, ETH or ARK), the funds have been released to Persona controlled wallets on August 28, 2018. The value of BTC at that moment was USD 7096, ETH value was USD 296.50 and ARK’s value was USD 0.949118. …

Starting with August 3rd, Persona will be making part of the Hodler Enterprise portfolio with a new management team, while Stefan will step down and take an advisory role, pursuing further development and new partnerships. Right now we are in the process of handing over all the materials.

What this means for the community?

For the community this merger changes nothing. Hodler Enterprises has extensive experience in the blockchain field and also has a lot of experience with Ark code base.

What this means for Persona?

For Persona means that all the existing partnerships are in place and the ones that are under development will continue to be worked on. Persona will be eventually integrated in the already existing projects managed by Hodler Enterprises: Altilly (providing the KYC), Qredit (providing scoring and KYC), just to name a few. So with this merger, each project will potentate the rest of projects, empowering each other and igniting Persona adoption along with the existing partnerships. …

The first time KYC (Know Your Customer) was implemented in Luxembourg by the Anti Money Laundering agency and dated back to 1993. Then in 2001, the US issues the Patriot Act raising the bar in what a proper KYC should look like, and during the time the process became more and more complex. …

While the summer takes over and people go in holidays or counting days till they will sip a beer on the pool edge, we’ve been busy testing the migration to Ark 2.4.14, finished testing the attributes as plug-in on internal 2.4.1.4 network and signing new partnerships.

Testnet migration

This week we’ve scheduled the migration of the public testnet to 2.4.1.4 as a preliminary step to migrate the mainnet to 2.4.1.4.

How we will do it:

  1. We will start a new testnet, from scratch (the current testnet runs on Ark V1) . It will run on Ark V2.3, …

With the usage of more and more internet services which most of the time are delivered via web applications (you performing a Google search means that you’re using a web app), the mechanism for registering for the services remained unchanged for years.

This means that depending on the service you’re accessing, you are being asked to insert an e-mail address and to secure it with a password. Sooner than later that web-app that had delivered just a type of service introduces new features, and now you’ll have to submit your home address and mobile phone. …

In the last Wired edition, Delloite offers a study on what “Digital Transformation” really is and how recent technologies, less than 2 years old, among which “Digital Identity” plays a role of foundation for future technologies or services to be developed in the next 2–5 years.

Image for post
Image for post

Persona indeed makes part of the innovative technologies for a couple of reasons:

  1. It uses a new technology, blockchain in this case, to provide a years old service in a better, cheaper and safer way for both individuals and companies alike;
  2. It’s tailored on the latest regulations about data protection;
  3. It’s versatile enough to accommodate any kind of interaction between individuals and 3rd parties, as long as that interaction to take place requires a minimum level of trust.; …

On May 12nd, 17:00 CEST (it was supposed to be CET, but European Summer Time is still a thing) Persona migrated to Ark core V 2.3. By now, there are 48 delegates that migrated and only 3 remaining to do the upgrade.

This is a new important step stone in the development of our product, one that brings us closer to our goal. It was a team effort and a special thanks goes to geops, who offered his services and delivered as promised. …

Persona, the zero knowledge trust protocol, unlike the rest of the identity projects that ran on Ethereum, as ERC20 token, runs on its own native blockchain, a fork of Ark.

Back in February 2018, at the genesis moment, the core version of Ark was running on V1 and so was Persona, while the V2 was under development and tests were conducted. Ark ended up deploying V2 on its network back in December 2018. In just a couple of months since then, Ark made improvements to its code base and now Ark Core reached to version 2.3.

Now, it’s time for Persona to migrate to the latest, stable version of Ark, so on Sunday, May 12nd, 17.00 CET, together with the community, we scheduled to migration to version 2.3. …

In the last two weeks we’ve been busy testing the migration from Ark Core V1 to Ark Core V2.We’ve migrated a couple of times on our internal testnet and now we just published the first draft of the documentation regarding the migration process. Please expect some steps to change since we are trying to streamline the process as much as possible.

Intermediary step

Now, just to make sure everything will run as smooth as possible when we will migrate the mainnet, we will migrate the current mainnet in a closed environment to make sure every step counts and runs perfectly according to our documentation. …

It’s December 23rd, Sunday morning. I just finished brewing my coffee and I’m checking my emails. There are some late pending Christmas gifts to be delivered and I want to make sure they will be delivered the next day.

While checking my emails, I’m seeing a strange email. In fact, there were two aspects about that email message that were strange. The sender, was an IP address and the subject of the email which was the one of my passwords. Once I opened the message, a third strange aspect came up. I was being blackmailed.

Image for post
Image for post

The sender of the email was asking for $939 (please observe the amount, right below the KYC limit) in bitcoin, to be sent to a specific address, otherwise all my email contacts and friends on Facebook would receive a movie with me watching some porn movies. My heart rate was sky high and I was thinking about how this could be true. It wasn’t about if I was or not visited porn sites. It was about how wrong this was and how it could have destroy someone’s live. …

Stefan Neagu

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store