Weekly ADK Vol. 47 November 26 - Desember 2 2018

Translators (hajime, kazu, HALO)
(http://twitter.com/3284_hajime)
(http://twitter.com/nishinokazu)
(http://twitter.com/subjayc)

Hello! This is Yusui (Twitter:@hironoyusui).

How’s everything?
December has come, but the market has not recovered at all.

Are you depressed, or going into hibernation?
It may be better to hibernate until bitcoin block reward halving...Check this article.

☆Crypto Bear Market Could Last Another 18 Months
https://cointelegraph.com/news/ceo-of-top-crypto-derivatives-platform-crypto-bear-market-could-last-another-18-months

Even so, weekly ADK will continue!
Thanks to anyone who reads my blog every week even in such circumstances!
Then, let's review the ADK information this week!

=== Contents =================

1. Websites are now in progress

1.1. Badoer Group

1.2. Badoer Investments

2. SWIFT is under way

3. Credit card circumstances in Kenya

4. Usage of funds acquired with ADK-ETF

5. How many ADK would be locked at maximum for ADK-ETF?

6. Who is advisor for ADK-ETF?

7. Anonymity after STEP 2

===========================

1. Websites are now in progress

1.1. Badoer Group

https://twitter.com/BadoerG/status/1067064536681902081

[BadoerGroup@BadoerG]
Badoer Group ADK ETF website is taking shape and will be online very soon. The site will be kept simple as requested by auditors

1.2. Badoer Investments

http://badoer.investments/

[Ricardo]
New website for Badoer Investments.

[Yusui]
Badoer Investments is a company owned by Mr.Ricardo.
Its existence is proved in the past.

2. SWIFT is under way

[Yusui]
It is about getting SWIFT code after a long time.
Looking back Mr.Ricardo’s remark, getting SWIFT may be delayed.
ADK-ETF is coming so fast, but it seems that other things are delayed as usual.

3. Credit card circumstances in Kenya

[Questioner]
I read that credit and debit card usage rates are growing so fast in Kenya.
Is that true?

[Ricardo]
Our bank will charge people ADK for them to open bank account remotely.

Also, each client who has the bank account will also have ADK wallet.
They can store ADK in their bank wallet and they can use banks exchange to convert their ADK into fiat and use their debit card which is connected to their bank account.

[Questioner]
I see! We can use ADK as it is in some situation. If we can’t use ADK, we can use cards or exchange!

[Ricardo]
Yes, So with ADK project you have the perfect package.

Roughly speaking, You can use ADK for 3 way.
[1] Investment
[2] Banking network
[3] ADK-ETF

It would be used as a fully working bank that has ADK wallet and full exchange.
So you can sell your ADK and get fiat to your ADK bank account within seconds.
Also, you can spend it using ADK bank debit card or make transfer to other banks.

You can also convert fiat to ADK as well on the banking network.

[Ricardo]
Yes. When online banking is up and running, you can log into Sumac bank and apply for bank account directly. What you need is to pay the fee in ADK and upload passport copy, like Mister tango for example.

Then your account will be approved within 24 hours.
We want to bring this operation instantly by using security Apps.

[Yusui]
In 24 hours...? Really...??
Anyway, that sounds great!
I will open my account! for sure!!

4. Usage of funds acquired with ADK-ETF

In Weekly ADK vol.46, I told that funds earned by ADK-ETF will be used for promotion.

Last week Mr.Ricardo added, “After promoting ADK, surplus funds by ADK-ETF will be used to acquire additional bank shares.”

☆Reference:
https://steemit.com/africa/@hirochang/weekly-adk-vol-46-november-19-november-25-2018

5. How many ADK would be locked at maximum for ETF?

[Ricardo]
Now it's currently being under consulted with the adviser, but I think that it will be less than 12.5 million ADK at most.
I think some people want ADK for account opening fees.

6. Who is advisor for ADK-ETF?

[Questioner]
Who is the advisor for ADK-ETF?

[Ricardo]
I do not want to make their name public!
If I do, a lot of people will send e-mail to the company.

[Yusui]
When Sumac bank’s name came out, many investors sent e-mail to Sumac Bank to confirm whether what Ricardo said was true or not.
Then Mr.Ricardo got angry, hahaha...

7. Anonymity after STEP2

[Ricardo]
After Step2 is completed, people can choose anon transaction or open transaction.

☆Explanation by ADK coder:

As you pointed out (and as I wrote in WP), I’m thinking about another way.
Since if we use ZKBOO, transaction data size would be too large.

Currently, we plan as follows.

==============================

[1] Anonymity of remittance destination [Planned in STEP2]
Unlikable payment using SIKE(super singular isogeny key exchange)

[2] Anonymity of remittance source [Planned after STEP3]
Change the Σ protocol part of BLISS-B, to see if we can construct a ring signature.

[3] Anonymity of remittance amount [Planned after STEP3]
We found a paper about similar stile commitment by Ring-LWE, so we’ll consider whether we can construct anonymity of remittance amount by it or not.

We implement only [1] in STEP2.
Because [2] and [3] need much more time to considerate from the view of cryptography and verification by third party etc. However, we will write about [2] and [3] on the next WP.

Building quantum resistant cryptography is fighting against growing transaction size.
We are always searching the way to make transaction small, and update ourselves.

For example, we have changed signature method from the view of its data size (and reusability). [XMSS (2.5KB, limited use) → BLISS-B (1.8KB, no limit)]

I'm sorry for many changes.
The above-mentioned content is also likely to change in the future.

==============================

[Yusui]
As he said, the plan would change in the future.
However, they keep improving on developments and it would be great to have better things.

That's it!

P.S.

As for online banking for European bank, he seems to be waiting licenses.

Thank you for reading!

==========================================
ADK WhitePaper
https://github.com/AidosKuneen/whitepaper/releases/download/v0.03/adk_whitepaper.pdf
(English Version)

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