Welcome to the Jul/Aug edition of ONZ Newsletter, “Behind the Silence.”



This fall has been a busy season, with ongoing development, uneasy crypto markets, continued low trading volumes and people losing faith in crypto because bitcoin has lost over 40% of its value since last December.



The only thing that stays the same is change, which has been the only constant. Resilience and fortitude are the themes that we see reoccurring.



Throughout the last few months, the silence of OnzCoin tested the patience and strength of supporters and ONZ communities. We are proud that all of our delegate slots are full and actively forging, which shows that the project is still alive and well. Communication is one of the critical factors to put OnzCoin alongside the term, “success.”



Connections with the community are something we will strive for in the coming months.



We acknowledge that uncertainty for the future of ONZ and the unpleasant feelings of an ICO scam is still worrying a small portion of the community. Fortunately, we know what we were missing, and the OnzCoin team is aiming to keep the ongoing newsletters published to allow everyone the opportunity to be updated with the latest movements of the OnzCoin project.



Included with this commitment, we are proud to report that OnzSpace is ongoing and making significant progress. ONZ is determined to offer more insight into how that will look more consistently to provide insight in the following newsletters.



OnzCoin watches the changes to social media platforms as well as the marketplace. To adapt, we must broaden our ideas to support the changes in the social media business. Despite these challenges, we continue to push further into the rewarded social media arena.



With the policy restrictions on social media network, the ONZ team is pushing hard to adjust some of the components to those changes.



Overall ONZ team have made some progress on OnzSpace.



ONZ cannot succeed without the support of our holders. We’re encouraging the community to contribute ideas and suggestions about a particular topic that interests them. We welcome all dialogue and appreciate your involvement as it promotes success.



Email us at hi@onzcoin.com with your comments and suggestions.



We sincerely appreciate your involvement.



ONZ Team





Now, onto the updates!



OnzSpace Update



In July, The ONZ team solicited reviews from the OnzSpace development phase number 1 to work on ample changes to the user experience (UX). The leading conclusion was to create a more comfortable and efficient workflow. The ease of use would include fewer clicks and more-intuitive drop-down menus to name a couple.

The community has spoken, and ONZ has listened. The following images are some of the snapshots captured from the beta UX of OnzSpace.

Working Draft Version

Even though there has been substantial progress, the ONZ team is not entirely satisfied with the original design of OnzSpace as it too traditional and lacks fresh, new elements. ONZ has determined it is of most importance to focus on the improvement of the UX of OnzSpace in next few months before the beta release.

OnzNet



OnzNet’s mainnet has seen significant activity since it has launched for production traffic in March of 2018. Within 4 months’ time, ONZ has proved the DPoS network itself is stable, and the ONZ team would like to keep the current version for the time being.



ONZ Space does not anticipate an upgrade in 2018 to focus on the platform itself. Following the release of OnzSpace beta, the team can then focus on updating the blockchain protocol to allow more efficient processing and added features. Also, ONZ has initiated patches to the network twice in the last three months for some of the most critical security vulnerabilities. With this plan, we can minimize the resources and maintain the stability of the network with proved software while developing the UX.



Onzcoin.com



There is a substantial number of members supplying feedback within the multiple ONZ communities that onzcoin.com is a bit out of date. A complete revamp of onzcoin.com will continue as can be found within the roadmap which published in the May/Jun newsletter. Onzcoin.com will see a fresh new look which will be more consistent with OnzSpace, as well as the content within the descriptions of OnzCoin, will be reviewed and updated.



Development, ideas, and values



To reiterate the platform in the simplest of terms;



OnzSpace is the OnzCoin, self-developed, social media platform.

It includes crypto rewards based on the existing OnzCoin network.



OnzCoin will be the utility token which uses are within the OnzSpace platform.



Regretfully, OnzSpace will not find itself as open-sourced as the platform is proprietary. The same model finds itself within most of the social media platforms we use today. The only open-sourced products typically available are the API layers built within the systems. This model allows the transactions to be public but keeps the core product as a closed source to protect the value of the project and benefit of the team and supporters.



Below is the diagram to recap the architecture of OnzCoin.

ONZ Eco-system Architecture

ONZ Dev



Interesting Topics



Philosophy and Incentivization of the ONZ Coin ecosystem



We believe DPoS at this moment in time is the best social consensus system. It cannot have domination by unlimited hashing power and as well as those who contribute the most to the network will have the ability to vote while being rewarded. That is an ideal consensus and a “best-fit” blockchain implementation to let the community themselves run the blockchain instead of a centralized group of people in control of it. The DPoS mechanism has in many cases found elevation to a sacred tenet.



Nevertheless, we would like to say that ONZ community is the best so far that we have come across, but there still room to make it better and that is what The developers and co-founders intend to do.

Thank you,

ONZ