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Bitcoin Fuels Communist Manifesto Space Transmission

Bitcoin Fuels Communist Manifesto Space Transmission

Jordan Pearson has just sent the final part of the Communist Manifesto to space using bitcoin, demonstrating that the technology is not totally dependent on the internet, as noted on Motherboard, Monday 11, 2019.

Satellite

Jordan Pearson reported that on Wednesday, March 6, around 10:20 AM Eastern time, he transmitted the final paragraph of The Communist Manifesto onto a satellite, and anyone around the world with the right software and dish setup could receive it.

Pearson sent the part of the manifesto that says, “The proletarians have nothing to lose but their chains” to a satellite service from blockchain technology company Blockstream, and then the message got transmitted down to earth again.

Pearson said his reasoning to do this was simply that it is possible, but he inadvertently unravelled a deeper  by proving that bitcoin is not totally dependent on the internet.

Sending Space Messages

Pearson found a simple message service called spacebit.live that enables this to be done. This message service was created by a Twitter user by the name of MediumSqueeze that was able to use the Lightning Network Testnet along with the Blockstream Satellite Client to enable anyone to send messages to space.

The service is quite simple to use. All users have to click “send message to space,” which will generate a Testnet Lightning wallet using the link on the page. This will generate a wallet were users will be grated with free Testnet coins. After that, the user only needs to paste the generated Lightning invoice into the wallet. For now, the service is only running on the Testnet but there are plans to bring it to the main network in the future which will make it no longer free.

Pearson had some help with the whole test. To confirm that his message had made it to space, he teamed up with Dan Williams. Williams happens to be the Blockstream community manager and was the one who helping Pearson when he had to set up his satellite-dish-Linux-Frankenstein rig back in 2017. Williams has also been recently monitoring such messages so he got Pearson message. William said:

Williams wrote:

“I woke up early in the morning due to a thunderstorm and remembered my satellite hardware was exposed, so I went outside to move my computer, half asleep, and noticed the message. It was a surreal experience, and really reminds you that we’re at the cusp of an evolution in technology.”

William also noted that these messages are public, so anyone using a satellite dish and the right software can easily have access to the entire stream of messages that are being transmitted down by satellites, additionally they can safely select encrypted personal messages using a public encryption key.

William said this could push forward new decentralized social media networks as it looked much like Twitter:

“It’s similar to Twitter in a way. I can imagine tweets being broadcast via the Satellite API, or a new more decentralized type of social media service.”

Blockstream Satellite Service

Blockstream is a blockchain technology company that provides funding for the development of bitcoin Core. In 2017 they launched a service that enables bitcoin to be beamed down to anywhere in the world using a satellite network array that pretty much covers the four continents. In January, the company released an API that enabled messages to be sent using the satellite service and the Lightning Network Testnet.

By enabling this service, Blockstream Satellite Service ensures that bitcoin can still be used even if the internet goes down.

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Published at Tue, 12 Mar 2019 15:00:46 +0000

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Decentralized Ad Platform Developer AdEx Announces Token Sale

In an official blog post published today, decentralized ad exchange platform AdEx has announced that it will be holding a token sale, which is scheduled to begin June 30th, 2017. The project seeks to raise 40 000 ETH over the course of the crowdsale.


About the AdEx Project

Current advertising networks like Google AdSense, Adsterra, ShareASale, and others are fraught with problems, not the least of which are ad fraud and lack of consumer privacy.

AdEx aims to change all of that by developing a decentralized blockchain-based ad exchange that will benefit all parties – advertisers, publishers, and consumers – while bringing data security, fraud protection, clear and accurate reporting, and numerous other advantages of blockchain technology to the online ad market.

Co-founder and CEO of AdEx Ivo Georgiev explains:

Co-founder and CEO of AdEx Ivo Georgiev

The solution offered by AdEx seeks to benefit all parties involved in the online advertising ecosystem, which means end users as well as advertisers and publishers, while removing unnecessary and downright risky elements currently associated with centralized infrastructure.

Once launched, the AdEx Network will enable transparency for advertisers, better ad serving control for publishers, and more control over privacy and ad preferences for consumers.

The Technology Behind the AdEx Platform

Developed on the Ethereum blockchain, one of the core strengths of the AdEx platform will be its use of smart contracts. A smart contract is a piece of software, executed on the Ethereum blockchain, that contains all of the terms, rules, and regulations for negotiating the terms of a contract. It automatically verifies the contract and then executes the agreed upon terms.

In the case of AdEx, these smart contracts will ensure the removal of third party intermediaries and ensure complete transparency of the entire system, from ad selection and tracking to bidding and payment.  The complexities of choosing and tracking ads and facilitating bidding and payment will be defined in these smart contracts, simplifying and securing the entire process.

AdEx diagram

To mitigate the high costs associated with storage on the blockchain, AdEx will be utilizing IPFS (InterPlanetary File System) to host advertising related media such as images, videos, and larger data. Developed in 2014 by Protocol Labs, IPFS is described as a peer-to-peer hypermedia distribution protocol that allows for fast, secure storage and retrieval of data.

The AdEx team is also working on prototypes that incorporate several second layer solutions that will operate on top of Ethereum. These solutions will enable advertisers and publishers to easily interact while avoiding any potential blockchain limitations regarding speed and transaction fees. AdEx plans to implement IOTA as a future second layer to further improve the platform’s scalability.

Because AdEx is designed to be compatible with most of the existing ad tech industry, the process of adoption and integration by publishers and advertisers is easy. AdEx can be used in websites, mobile and desktop applications, and even embedded devices.

ADX Tokens and the Token Sale

The crowdsale, which begins on June 30, 2017, and runs through July 30, 2017, will fund the initial development and adoption of the AdEx advertising network. AdEx tokens (ADX) will use ERC20, a standard protocol for smart contract systems powered by native tokens. This will ensure the platform’s compatibility with other Ethereum-powered solutions.

AdEx token crowdsale

In order to estimate and optimize the perfect supply of native tokens for the token sale, AdEx has partnered with WINGS Foundation, the developer of WINGS DAO. The project also engages the social graph of the WINGS DAO crypto-experts to maximize potential project backers who can serve as product champions and evangelists, allowing AdEx to quickly go to market.

The terms of the ADX token sale are as follows:

  • Crowdsale duration: 1 month
  • Start date: June 30, 2017
  • End date: July 30, 2017
  • Total number of ADX tokens: 100,000,000
  • Number of ADX tokens available for sale: 80,000,000
  • Currencies accepted: ETH
  • Token price: 1 ETH = 900 ADX
  • Campaign cap: 40,000 ETH

Over the course of the token crowdsale, 80% of all ADX tokens will be available for distribution among the supporters. Of the remaining twenty percent, 16% will be reserved for developers and advisors, which will be vested for a year to ensure the smooth development of the platform. The remaining 4% will be distributed between WINGS DAO community and the bounty campaign participants, as shown in the picture below.

AdEx 20% distribution breakdown

During the campaign, only ETH transactions will be accepted. The address for contributions will be published at tokens.adex.network once the token sale has begun.

Future Plans

The first AdEx advertising platform prototype is scheduled for release as early as February 2018. It will include basic core features such as an ad bidding system, a front-end for advertisers publishers, and an SDK for publishers. The prototype will primarily focus on native and display advertising.

To ensure transparency, the prototype will undergo a stringent audit by an independent third party prior to release and its code will be completely open-source.

In the year following the successful release of its prototype, AdEx will focus heavily on business development as determined by both market needs and community feedback. During this time, AdEx plans to roll out major improvements to the platform, including user targeting and reporting, full integration of SDK, and video advertising.

By January 2019, AdEx plans to release AdEx v.2, which seeks to accommodate the needs of the increasing number of publishers and advertisers using the platform. The v.2 solution will essentially be a complete technological revamp, scaling the entire solution upward and possibly extending to other blockchains such as Aeternity or RSK.

Do you think the AdEx advertising platform will adequately address the shortcomings and failures of the current online advertising industry? What do you think is the most exciting aspect of this project? Let us know in the comments below.


Images courtesy of AdEx, AdobeStock

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