Topic: [ANN] FIX Network - Securing Digital Identities ⚡Master Node/ PoS⚡ - page 12. (Read 7898 times)

Edwin [new.capital]:
Chain Review has its own weekly user transaction chart now.
https://chain.review/
https://discord.gg/DjG5M9J

Edwin [new.capital]:
“The FIX SIM firmware is now capable to derive key pairs for any coin that supports HD. By default, it will generate and use FIX coin wallet compatible addresses for policies and signatures. Another small but cool milestone has been achieved tonight” - Itamar and Frank , the FIX core team.

Often asked about the time of transactions on the exchange

Alex [new.capital]:
We’ve implemented adjustments to the chart so the time zone would be automatically selected, however Trading View supports around 20 time zones only, therefore if no available time zone found in the library users will see UTC time on the chart

Alex [new.capital]:
We are happy to share the results for the collected TWINS fees on the NCE in July 2020.
The amount of 211 004 TWINS has been just sent to the dev fund:

https://chain.review/explorer/twins/tx/5ddd64ac985a97419ff2be1b08bb0f57e609daa30ba191239e5cc8100a1ae34c
https://new.capital/exchange/trade/FIX_TWINS

From the discussions on the discord channel, if you have any questions, ask them in the exchange channel, link:https://discord.gg/ZWV2Hhc
Alex [new.capital]:
Thank you for your feedback guys. 

I have no doubts, that in your country and in some online services you may use driver’s license as a national identity card.

However, New Capital is EU based, registered in Lithuania and we follow the rules and guidance for non-face-to-face identification issued by the central bank of Lithuania. We have a clear requirement to accept Passport or National Identity cards only, excluding driver’s license from the list of acceptable documents.

Nevertheless there are some countries in the world that don’t have identity cards or they are non-compulsory. Therefore, we are investigating a possibility to accept driver’s licenses issued by Australia, United Kingdom, Ireland, USA and Canada.

                   Competition from a project participant

Vladimir:
Hi!

As you know, the world’s first digital collector coin - LBCoin has been released since 23 July 2020  https://lbcoin.lb.lt/ .
The coin uses a NEM based private network and a NEM public network.

The total volume of physical coins is only 4,000 pieces !!!
For planet Earth, for collectors, for interested people and people in the crypto world, this is negligible.

Sales will end soon.
After that, it will be possible to buy only on the secondary market. (if you manage to collect 6 different ones) (e.g. https://new.capital/exchange/trade/LBC02_BTC).

After the bank announces "Sold out", on this channel will announce "Competition - get 6 tokens = 1 coin"
Everything is absolutely free and fun. :tada:

You only need to have an address in the public NEM network (balance can be 0) and a NEM wallet (e.g. https://nemplatform.com/wallets/#desktop ) to receive mosaics and send messages.

The rules are better to ask on the discord channel lbcoin  https://discord.gg/EqAzgRM

Decentralized Apps May Solve SIM Swapping Woes
FIX Network is partnering with NEM to provide a solution that prevents SIM swapping.


https://cointelegraph.com/news/decentralized-apps-may-solve-sim-swapping-woes

Protection against SIM Swapping and ID theft through mobile, with FIX Network
It is estimated that over $50mn was stolen from crypto wallets in the US alone in 2018/2019 through SIM swapping.
Challenge
Our mobile phone numbers are increasingly becoming a unique method of personal identification and more and more companies and services are relying on smart devices as a means of authentication, such as 2-step verification.

Scammers who take control of the number can easily complete verification checks that protect our most sensitive information. The most common method of phone scamming is via SIM swapping. This is when a scammer convinces an operators to swap over a subscribers’ number to a new SIM, resulting in the genuine customer being disconnected and all data being sent to the new, ‘fake’ SIM. 

It is estimated that over $50mn was stolen from crypto wallets in the US alone  in 2018/2019 using SIM swapping. 
As we evolve  into a digital and decentralized society, we will become more and more reliant on mobile devices and more exposed to fraud in this way.   

Mobile devices are a critical part of our digital identities – we rely on them for every aspect of our lives, using them for everything from banking and finance, storing personal data to our individual digital footprints. Protecting this information is key to avoiding ID fraud and theft as well as unauthorized use of our data. 

In order to achieve the mass acceptance and adoption of these transformative services, users must be confident, comfortable and feel safe to entrust their digital lives to new decentralized applications, and yet still retain full control over their assets and data.

 

Approach

FIX Network was established to provide a solution that allows mobile subscribers to secure private keys and transactions on SIM cards.  FIX leverages existing cellular infrastructure by implementing a blockchain-based security protocol to support new privacy, security, management and safety solutions for mobile subscribers via SIM. 

This unique architecture will allow mobile operators to deliver services such as digital identity management, cryptocurrency wallets, and personal data firewalls, all enabled by the safekeeping of private keys on the subscribers’ SIM cards.

A critical piece of the FIX Network solution is the security policy, which consists of a set of highly flexible and adaptable rules that allow mobilesubscribers to define the usage characteristics of their digital assets and identities, such as how those assets are to be stored, accessed, transacted and recovered.

The FIX Network architecture stipulates that these policies must be stored on and secured by independent, distributed and decentralized blockchain infrastructure and away from operators. The exacting design and operational specifications for the DLT has resulted in the company selecting NEM’s Symbol technology as this all-important backbone component.

The first product to be offered by FIX Network, FIX ID, serves to secure our most valuable digital identifier – the phone number – and prevent fraudulent activities such as SIM-swapping. This service, managed by an intuitive yet powerful end-user app, identifies participants through subscriber-owned global phone numbers that serve as unique digital identities. Mobile Operators will then be able to use FIX Network to provide OTT services such as crypto wallets, mobile banking, ID management – all providing opportunity for additional revenue streams. 

The initial implementation of the security policies that manage the FIX ID solution will not be blockchain-based. However, the Symbol from NEM  will be integrated as soon as possible to provide the desired distributed and decentralized characteristics to this FIX Network solution.

 

Benefit

Symbol from NEM allows FIX Network to focus on its strength of providing reliable and innovative services to the telecom industry. The extensive range of our platform’s out-of-the-box features will facilitate rapid integration, and ensure that Symbol meets the performance and reliability standards demanded by FIX Network and their partnership with global mobile telecom service providers.

We have numerous and stringent expectations of the blockchain technology that we will employ together with our mobile operator partners in order to deliver the FIX Network solution globally.

Our exhaustive search for an appropriate platform led us to converge on NEM’s Symbol, as we are confident as this technology includes the features, security, reliability and interoperability between private and public blockchain networks to fulfill our current and future requirements. We are proud of our technology partnership with NEM”

Edwin Terek, co-founder at FIX Network.

https://fix.network/
https://symbolplatform.com/enterprise

 https://twitter.com/NEMofficial/status/1289218782271959043

You can still have time to take part, if you have any questions ask them on the discord channel.
https://discord.gg/yEgCjDy

Hardfork messages have been sent to the network and the old wallet will be deactivated from the mainnet network, for those of you who are still using the old wallet are expected to update as soon as possible to prevent the loss of your reward masternode and the non-functioning of your wallet because it is not in the mainnet network.
How to find out if you are in the mainnet network or not:
Go to the console in your wallet and type getblockhash 295197
If you see a777369db654ba803753966fa6110b3d19f54d3f7ff988be50dca0fc5da198d2 it means you are on the mainnet network.

Edwin [new.capital]:
Deposits and withdrawals for LBCOIN assets are now open on the New Capital Exchange,(although the Bank of Lithuania have rescheduled the release of assets on their side for tomorrow morning)

https://new.capital/exchange/trade/LBC01_TWINS  https://lbcoin.lb.lt/

https://discord.gg/EqAzgRM

Read on the updated Catapult whitepaper!
https://twitter.com/NEMofficial/status/1286098759756128256
https://nemtech.github.io/catapult-whitepaper/main.pdf

https://crypos.io/  https://twitter.com/CryposMN  https://discord.com/invite/ppwhvYJ

Alex [new.capital]:
Users will need to transfer their LBCoin to a public blockchain network prior depositing them to New Capital Exchange. Transaction fees for withdrawals from  https://lbcoin.lb.lt/ portal will be covered by the bank. 


You may use any of the available NEM NIS1 wallets  https://nemplatform.com/wallets/#desktop.
Once you will have LBCoin assets in your NEM NIS1 wallet you will be able to transfer them to New Capital Exchange. Please make sure you have available XEM in your wallet to cover transaction fees.
https://new.capital/exchange/trade/LBC01_BTC

https://www.coindesk.com/lithuanian-central-banks-commemorative-digital-token-goes-live-tomorrow
https://twitter.com/NEMofficial/status/1285970101481635840
This is a significant event, we look forward to it!
https://new.capital/exchange/trade/LBC01_TWINS

How does it work? What about its safety features? What lies ahead? Join us on Tuesday as we go live to share our experience in creating the world’s first digital collector coin!

https://www.lb.lt/en/events/webinar-lbcoin-the-world-s-first-digital-collector-coin-inside-scoop
https://new.capital/exchange/trade/LBC01_TWINS

Edwin [new.capital]:
The upgrade has been completed successfully. We kindly ask you to help us with "stress-test" and load the system with your usage traffic. Thank you. https://new.capital/exchange/trade/FIX_TWINS
Your wishes for the work of exchange, criticism you can leave a discord on the channel, every opinion is important to us!
https://discord.gg/ZWV2Hhc

Starting the Exchange upgrade. The systems will be unavailable for about an hour. We will keep you updated.
https://new.capital/exchange/trade/FIX_BTC

Attention!! New FIX wallets have been released. This update is MANDATORY as it includes security and stability improvements.  Please make sure to update your local wallets and masternode servers before block height 292'000 to avoid network split.

https://github.com/NewCapital/FIX-Core/releases/tag/fix_v3.3.8.3

Attention!! The New Capital Exchange Service and API will be down for upgrade, tomorrow, Friday, July 17 at 12:00 to 13:00 GMT  https://new.capital/exchange/trade/FIX_BTC