The Nimiq Community Update — Week 16
Welcome to the Nimiq Community Update! This a community contributed fortnightly write-up on what Team Nimiq have been posting in the official Nimiq discord channel alongside community led projects and content being created for Nimiq. The Community update will always remain open source & community driven.
What is Nimiq?
Nimiq is a browser-based Blockchain designed for simplicity. Nimiq’s reason for existence is to bring the benefits of blockchain technology to the mainstream. To achieve that purpose Nimiq has been built from the ground up to address and break the barriers to entry that inhibit the mainstream adoption of blockchain technologies. Nimiq is encompassed by a strong philanthropic mindset, it will always remain open-source and community-driven.
A growing community
In a recent trip to Europe, Team Nimiq community manager Ricardo Barquero (Richy) dropped by the Netherlands to have an informal meet up with two developers at Sushipool, Brantje & Maestro. Quite often when it comes to the crypto-landscape many become disconnected from the fact that there are actual people behind the development of a project, this meeting signifies the first of many for the Nimiq community and as the ecosystem grows so will the vision of unleashing Nimiq to the masses!
Strategy & Adoption
Alongside a recent hackathon focusing on porting aspects of the current Nimiq core to Rust, Team Nimiq have spent time focusing upon the longer term objectives of the project which include marketing strategy, community development and operational transparency.
Leading into the fourth month of the Nimiq mainnet, the Nimiq Ledger Nano S promotion is close to launch! It is understood that this promotion will be spearheading a larger push in marketing the project.
A draft set of rules for the promotion can be found in the previous community update.
Exchanges & Trade
Week 16 of mainnet see’s Nimiq’s spot price ranging between 33–36 satoshis whilst the entire cryptocurrency market capitilisation experiences a whip-saw.
There has been no update with regards to exchange listings.
The entire cryptocurrency market is currently experiencing a whip-saw in market capitalisation with the current capitalisation at $213,331,832,983 down from $296,792,996,043 two weeks ago.
Network status, Mining & Transaction volume
Week 16 of mainnet brings a peak global hashrate of 796 MH/s on the 13/08 which is a sustained increase from a low of 449 MH/s on the 11/08. Hashing distribution is heavily skewed to centralisation with 70%~ of the network dominated by Skypool and its various sub-pools.
Transaction volume has seen a month by month increase since the launch of mainnet in April with the amount of Nimiq transacted fluctuating.
Community development & patch notes
All projects featured within the Nimiq community update posts should not be viewed as endorsements, caution should be taken when visiting any website outside of the official Nimiq website.
- Nimiq Surfer and Lead developer for Beeppool Blub has recently released a dedicated Linux pool miner. The miner can be pointed at any of the existing pools on the Nimiq network, features auto optimisation based on CPU and brings a 15%~ increase in performance compared to previous versions.
- Nimizuela now has a website that you can visit! Project Nimizuela is, in essence, about getting the people of Venezuela to start mining and using NIMIQ, instead of their failing Bolívar. At the current exchange rate and global hash rate, it’s more profitable to mine NIM with a standard laptop than holding down full time employment in Venezuela. Be sure to follow them on Twitter!
- Sushipool have recently released SushiOS, a dedicated mining Nimiq mining OS for those looking to minimise bloat-ware and maximise hashrate.
- Nimiqscan has now integrated Address labels & custom identicons! Nimiqo is currently working on a web wallet and is holding a community vote on design (Due to the nature of this development caution is advised to anybody using a wallet application outside of the official Nimiq safe.)
If you’d like your community update added to the next post please contact me through the comments or @Symphonys on the Nimiq Discord!
*This article is an informative piece of literature, some aspects maybe factually incorrect and maybe subject to change in the future. None of the projects listed within this article should not be viewed as endorsements and due diligence should be practised. This is not financial advice.*
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