the The crypto project, Nimiq, the claims of itself to be close to the Bitcoin-Ideally, would like to make the Send Token via the Browser, is particularly straightforward. The Open Source project focus on censorship-resistance and fast Consensus. Like Nimiq user-friendliness in the Bitcoin Ecosystem would increase, and why it cooperates with a German Bank, has informed us Philipp von Styp-Rekowsky, co-founder and Tech Lead at Nimiq, in an Interview with reveal.

By Sven-servant
car On the 21. May 2019BTC$7.985,00 0.45%part Facebook Twitter LinkedIn xing mail

BTC-ECHO: Why should I use Nimiq, and not a more established solution, such as Dash?

Philipp von Styp-Rekowsky: in Short: because Nimiq is so much easier. Account-creation and use of work directly in the Browser without having to Download. […] It’s a full-fledged, decentralised and censorship-resistant crypto-currency, the […] is easy to use. Together with Trinkler.Software from Switzerland, we have also published Albatross. A specially developed Proof-of-Stake algorithm that is able to handle a good 1,000 transactions per second, and its implementation, we test for the time being. There are many good reasons for Nimiq.

BTC-ECHO: you may be planning an Exchange this year. There are not enough Bitcoin exchanges, where USP and USP is your?

Philipp von Styp-Rekowsky: It is very important to differentiate here. Nimiq is building and will operate no Exchange. We cooperate with Agora.Trade, a Swiss Non-Custodial Decentralized Exchange (DEX) and the WAY Bank, a German private Bank.

Together we have developed a System with Fiat money as a Blockchain Token programmatically appeal. Less cryptic: We plan to currencies direct, decentralized interface between traditional Bank accounts and Crypto. We call this System Nimiq OASIS (Open Asset Swap Interaction Scheme). A purchase or sale of crypto-currency to Fiat money should be costs directly, conveniently and, above all, possible that the Exchange (DEX) controls at any time the values, so only gives. The implementation is already underway and we plan to publish until the end of 2019, with a first Version.

This System is not limited to the Nimiq, and should work currencies, with all Crypto, the support tethered to DEX. We understand Nimiq OASIS as a General contribution to the mass adaptation of crypto currencies and want to stay our Open-Source approach.

BTC-ECHO: Why is cooperating with the German Bank?

Philipp von Styp-Rekowsky: The WAY Bank, and, above all, your CEO Matthias von Hauff have surprised us with their openness and Progressiveness, and is convinced. We are truly grateful to have such a responsive and committed Partner from the conventional Banking found. Nimiq also holds, as well as TokenPay and the Litecoin Foundation to a share of the Bank – on the one hand, the licenses of the Bank for Nimiq OASIS to diversify on the other hand, the value of the assets of the project and to make weatherproof.

BTC-ECHO: There is the possibility of mines Nimiq in the Browser. How long does it take and how much computational effort has to be incurred until I have gemint a NIM?

Philipp von Styp-Rekowsky: The Browser Mining is an impressive Demonstration of how easy the Blockchain in the end may be. How much energy and time is needed for the mines of the NIM depends on the computer and the global Hash Rate. The Browser-Mining, however, is more of a Gimmick, since a normal computer or Laptop is mine in the least cases, profitable. We see it primarily as an Educational Tool to make the Blockchain less abstract.

BTC-ECHO: Your Coin Supply of 21 billion, NIM, exactly a thousand times as much as in the case of Bitcoin. Is there a connection?

Philipp von Styp-Rekowsky: We take our Mission of Blockchain and accessible to the masses, very seriously. Even in the smallest Detail, we are looking for solutions that break down barriers to people switching to crypto-currencies to simplify. Originally, there should be as many of NIM as BTC, but to pay for a coffee with 0,00049 BTC is quite abstract and, ultimately, unfriendly for users. We are here perhaps a little self-conscious, but Nimiq should come to the substantial market capitalization, we are aiming for are 21 million units just to little. From the smallest NIM-unit, the Lunas, however, there is just as many as Satoshis in Bitcoin.

BTC-ECHO: What are your biggest projects in 2019? How far are these advanced?

Philipp von Styp-Rekowsky: is The list of our projects is a long one, the largest but Nimiq OASIS. The implications for the crypto-field by the direct connection of the two systems could really be groundbreaking. The cooperation with the Bank, it also opens up the possibility of Nimiq traditional payment networks to connect. So the Pay with NIM at the supermarket checkout should be possible and ideally, without the merchant must modify his existing infrastructure. In other words: The customer could pay in NIM and the dealer Euro to come.

Also far-reaching, but especially for Nimiq, will be a fundamental Revision of our Protocol, Nimiq 2.0. We check the exchange on the us co-developed Albatross Proof-of-Stake algorithm. In addition to the enormous energy savings we see here a Chance to make Nimiq one of the most scalable block chains at all. Such a step, however, is far reaching and requires final testing and a thorough economic assessment. We are also working on a new Website and improve our Web Wallet. Here we are still in the process, from the Seed stage to come out and to professionalize Marketing and Operations. In many areas, Nimiq is still in its infancy, at the current growth, they fit but just.

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