The HEART BEACON CYCLE
 

FIVE_ISSUES.jpg

THE BITCOIN Community has FIVE major issues: Volatility, Inconsistent Memes, Identity, lack of intrinsic value and blockchain scalability. The Heart Beacon Cycle addresses all five issues systemically. All things internet are built / made of TIME Cycles used / not used to process syntax as instructions. It follows, that issues with any internet system -- including Bitcoin must be fixed using this truth. The Heart Beacon Cycle is a procedural template using time intervals / time cycles focusing on providing an Internet shared syntax lexicon.

ARTICLE: Could the Bitcoin Lightning Network Solve Blockchain Scalability? LINK "hashed timelock contracts between users"http://www.coindesk.com/could-the-bitcoin-lightning.../ Similarly, in the blockchain, if only two participants care about a transaction, it’s not necessary for all other nodes in the bitcoin network to know about that transaction. It is instead preferable to only have the bare minimum of information on the blockchain. It is desirable for two individuals to net out their relationship at a later date, rather than detailing every transaction on the blockchain. This can be achieved by using time locks as a component to global consensus. As a result, Bitcoin can scale to billions of transactions per day with the computational power available today on a modern desktop computer. Transaction between users occurs during a micro-cycle, then reconciled at a pre-arranged macro-cycle, with a NIST Cyber Beacon random # time stamp for non-repudiation given reconciliation will probably occur at a later data in time. See also The Bitcoin Lightning Network page

 The TERRA Trade Reference Currency is a paper / document proposal that lacks a transaction protocol like Bitcoin. Regardless of what solution emerges, legacy and local solutions / currencies (SWIFT / FIX, local currencies) will persist for decades.  Battlefield Digitization / Network Centric Operations is designed to foster collaboration across organizations, systems, network and space / time zones. The world should examine potential synergy among Bitcoin technology, the TERRA TRC and Battlefield Digitization. A systems of systems approach is needed to address backwards compatibility, interoperability and synchronization of systems across space and time zones. The TERRA Trade Reference Currency, Ethereum, and Battlefield Digitization commercialized (Heart Beacon Cycle) all involve maintaining globally distributed ledgers. Battlefield Digitization best practice provides procedural templates describing as guides, the when, where, how and how often systemically among a systems of systems promoting synergy.

Neuroware Launches 'Future-Proof' API for Cryptocurrency Apps: Building an infrastructure that is easy-to-use is critical if the digital currency ecosystem wants to encourage the creation of consumer-facing products. To simplify this process, startup Neuroware has built Blockstrap – an application programming interface (API) for web designers and front-end developers that supports bitcoin and other cryptocurrencies, allowing developers who want to create well-designed crypto-based apps to plug into its HTML5 framework. Adam Giles, CEO of Neuroware, explained that the goal is to create a blockchain-agnostic resource for those who are looking to build new products and services, and that the project itself came out of his own difficulties building a product with existing resources.

PROJECT STELLAR: Stellar, the long-secret digital currency project helmed by industry entrepreneur Jed McCaleb, has officially launched. McCaleb is the original founder of defunct Japanese bitcoin exchange Mt. Gox and a co-founder of digital currency-focused payment network Ripple Labs. The new platform is a decentralized gateway for digital currency to fiat currency transfers, The Wall Street Journal reports. Like Ripple and bitcoin, Stellar will act as a public transaction authenticator and feature its own in-house digital currency called ‘stellar’. McCaleb’s announcement follows months of rumors about the project, which first surfaced in February. At the time, a mysterious website was launched to enlist developers, alpha testers and designers, and now redirects to the official Stellar site. In a statement, the Stellar Development Foundation’s Executive Director Joyce Kim suggested that Stellar will act as a bridge between fiat and digital currencies – a key requirement if the latter are to be adopted by mainstream users. Stellar details. According to WSJ, Stellar will act as a transaction gateway, enabling usability in both fiat and digital currencies. While it’s not clear what, if any, infrastructure is already in place, Stellar, like Ripple, will allow cross-border transactions that use digital currency as a technological ‘middleman’ for fiat transfers. http://www.coindesk.com/mt-gox-ripple-founder-jed-mccaleb-unveils-project-stellar/ Notably, the platform’s in-house currency, stellar, will be distributed to users for free. Supply is capped at 100 billion units, with roughly 95% of this amount being given away.

   


BITCOIN / FIAT CURRENCY CONVERSION GATEWAY (S)