Author Topic: FIMK core technology evolves to a new venture  (Read 3176 times)

Eliphaz Fimk on: June 30, 2016, 11:29:38 PM

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Hello Fimkers,

I've promised some big news about the future of FIMK during June. We're delayed with arrangements so have been stretching long and can't still disclose exact details or "full launch" so to say. However here are some guidelines of what to expect in the next weeks.

The technology of FIMK will be integrated with a commercial startup focused on 3rd generation crypto platform providing custom blockchains, crowdfunding and High Frequency asset Trading solutions for corporate customers and the public.

This new startup is launching a new crypto platform, or "coin" as we're used to say. FIMK, being the basic framework on which the new coin's essential features and tech development is based on, will benefit from the arrangements in several ways, including the following:

- FIMK holders can purchase tokens from the new venture with their FIMK for a special rate (up to limited amount)

- FIMK blockchain remains instact, client and system development will continue and possibly gather more steam from renewed public interest in its existing non-profit alternative basis

- FIMK's stake distribution will likely even out through flow of tokens towards the purchase of the new tokens

- FIMK developers may secure their funding through the new commercial venture, thus saving on association funds and ensuring long term continuation of the FIMK project

- FIMK will enjoy greater exposure through the new multicurrency client, exchanger and other co-operation projects

As for the negative sides, I'm sure there are some but can't come up with any immediately ::)

Following is a rundown of the main highlights of the new project whose name and web site should be made public during the next few days.

1.  Technology to be used has been 5 man-years in the making
     a. Written in enterprise friendly Java
     b. Cryptography and p2p consensus code based on MIT licensed NXT
     c. Architected with re-use for private chains in mind
     d. Optimized for speed and instant high frequency trading
     e. Massively scalable through the use of not one single blockchain, but a chain of blockchains
     f. Completely remade HTML5 client / downloadable / app


2.  New memory mapped OS binary file sliced blockchain structure without db overhead
3.  Splitting balance storage from transactions and blocks
4.  Transaction throughput rate initially in the 1000 tps scale on legacy hardware
5.  Unlimited scalability depending on node hardware: Boost rates of 10k+ tps on standard 4-core Linux server
6.  20-second blocks, instant tx confirmations through websockets layer
7.  Regular startups are near instant since all that has to be loaded are the balance files (~1/10,000 the size of full blockchain)
8.  High frequency trading enabling instant matching of 1k+ trades per second stable
9.  2-tier reward structure: Proof-Of-Stake and Proof-Of-Processing (Online storage of blockchain slice files)
10.  Distributed Services Architecture (blockchain software robots, Javascript and Java)
11. Thin client: Home users don't need to carry blockchain files but get rewarded to do so
12.  Replication layer: Vendor independent replicated database integration for corporate full node operators
13.  Remade, smarter networking protocol uses binary messages - on request basis only - between peers
14.  Non-blocking asynchronous websocket connections over Netty (Facebook, Twitter) enables high number of peer connections
15.  Offline smart vouchers (fully signed transactions that can be sent to the blockchain either by anyone)
16.  PIN protected account access to local wallet.dat, with secret phrase brain wallet backup
17.  Native A2A (asset to asset) custom tokens exchange with option for native non-gateway BTC price base
18.  Multicurrency crypto client enabling non-gateway direct crypto transfer
19.  Built-in non-gateway (direct real crypto) p2p exchange for client supported crypto
20.  Custom tokens, private tokens, colored accounts and white label software cloning readiness
21.  Multisig for FIAT currency tokens and several main target use cases:
       a. Simply value adding feature for the crypto client user security
       b. Facilitating implementation of p2p live crypto trading (asset exchange tokens auto match multisig real crypto)
       c. Enabling crowdfunding security and direct intake of funds (also “real” gated EUR, USD that have multisig security)
       d. Unique sales point: Multisig Fiat currency


22.  Crowdfunding / IPO capabilities heavily emphasized:
       a. Readily on-blockchain for DIY agile companies / geeks
       b. Licensed fintech corporate partner for turnkey crowdfunding service
       c. Cloned source / white label installation


23.  Unique, private human defined identifiers (a la FIMK email account format but private)
24.  Off-blockchain instant E2EE P2P messaging
25.  Decentralized web shops with instant EUR payments (/pricing in any token)
26.  Major licensed corporate partners in crowdfunding, fiat currency token transfer and BTC exchange areas
27.  ICO tokens reward options for startup company IPO shares at lower price later in 2016
28.  ICO starts in first half of July 2016. Currencies accepted (preliminary): BTC, ETH, FIMK, NXT

Dirk Diggler #1 on: July 01, 2016, 10:34:28 AM

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Greetings Fimkers,

If anyone has any question about the tech side of our new project.
I'll be happy to answer them  ;)
FIMK Developer | GPG fingerprint: CEF2 7C39 43BE 6800 504E  71BC 7E87 A7B0 AC34 E2D5 | mofowallet.com | blog

OrgiOrg #2 on: July 06, 2016, 08:50:13 PM

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Great news! What's the name of the new startup / "coin"?

Edit:
Following is a rundown of the main highlights of the new project whose name and web site should be made public during the next few days. --> sorry for the question!

excited to read more details to the special rates for FIMK holders

Eliphaz Fimk #3 on: July 07, 2016, 09:19:20 PM

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Great news! What's the name of the new startup / "coin"?
HEAT Ledger http://heatledger.com/
 ::)

Quote
excited to read more details to the special rates for FIMK holders
<24 hrs

gaianhuuto #4 on: July 07, 2016, 11:23:36 PM

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gaianhuuto #5 on: July 08, 2016, 04:19:24 PM

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Where can I get some HEAT? :) Pls feel free to give instructions :)
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Eliphaz Fimk #6 on: July 08, 2016, 06:20:15 PM

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Where can I get some HEAT? :) Pls feel free to give instructions :)
ICO starts on July 11th but CCEDK should be taking pre-reservations shortly (based on info I have, lots of work in progress currently):

http://blog.openledger.info/2016/07/08/how-to-subscribe-to-ico-prelaunch-on-openledger/

kani #7 on: July 08, 2016, 06:27:00 PM

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Will FIMK be accepted for the pre-reservations?  The e-mail from CCEDK received today only mentioned OPEN_BTC.
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gaianhuuto #8 on: July 08, 2016, 06:43:55 PM

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ICO starts on July 11th but CCEDK should be taking pre-reservations shortly (based on info I have, lots of work in progress currently):

http://blog.openledger.info/2016/07/08/how-to-subscribe-to-ico-prelaunch-on-openledger/

Just talked to Ronny and he said no pre-phase with FIMK. Earliest on 11th of July... Kind of confusing..
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kani #9 on: July 08, 2016, 06:48:57 PM

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Just talked to Ronny and he said no pre-phase with FIMK. Earliest on 11th of July... Kind of confusing..

Okay, thanks.
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gaianhuuto #10 on: July 08, 2016, 07:10:47 PM

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The good thing should be that FIMK will be nicely valued against HEAT... So Monday, could you be here already :)
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Eliphaz Fimk #11 on: July 08, 2016, 07:45:49 PM

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Yes FIMK already has a significant advantage for the ICO. As there is a relatively complex arrangement with the pricing levels for 4 different cryptos accepted in ICO, the pre-ico phase of CCEDK has been made simple for only BTC.

gaianhuuto #12 on: July 08, 2016, 08:20:13 PM

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Is there any chance of getting info of the advantage? At what value should I trade my FIMK for BTC today to match the advantage that my FIMK will have on Monday?
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Eliphaz Fimk #13 on: July 08, 2016, 08:54:30 PM

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I've got to have a little food before writing the HEAT ANN thread  ;)

gaianhuuto #14 on: July 08, 2016, 08:56:55 PM

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I've got to have a little food before writing the HEAT ANN thread  ;)

Roger that :)
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