FAQs on IoP.
What is IoP?
IoP stands for Internet of People. Internet of People is a crypto movement and digital cooperative focused on connecting people directly and providing decentralized apps (dApps) and services while preserving users’ data privacy.
For users, IoP is a way to connect to other people and businesses without losing control of important personal data or having to interact with middlemen.
There are hundreds of crypto coins and projects. What makes IoP special?
Unlike many crypto projects, IoP is promoting crypto values like decentralization and privacy while creating a coin and services that real people will actually use.
How does IoP differ from other projects building a decentralized internet?
The main difference between IoP and Substratum is that Substratum is focused on storage hosting, making it more of a competitor to projects such as IPFS.
Substratum is combining this with a decentralized DNS solution, but this is not very different from a distributed Google Drive, DropBox or Amazon S3.
In contrast, IoP´s Mercury is not geared towards any particular storage solution. We need one, of course, but it will be a replaceable plugin in our system.
Instead, our Mercury Protocol is focused on identity, privacy and facilitating peer-to-peer communication. The exact way users and developers interact with the protocol is not fixed. We don’t restrict ourselves to the web and browsers: we allow any client to be used.
- We do not just host content
- Developers do not need to pay for hosting
- We support p2p connections between mobile clients
Although these projects talk about the “decentralized internet”, what they usually mean is the “decentralized web” (dWeb) which is very different.
The dWeb is basically just distributed hosting and storage, but these are just one small part of what the Internet does. IoP´s Mercury Protocol focuses on distributed communication, which is much harder and more important problem. Of course, Mercury will also require decentralized storage, but Mercury is designed to be pluggable so we (and our users) aren’t restricted to a single solution.
How do I join IoP?
First, we recommend you get to know the community by participating in our Telegram or Discord channels. If you choose to join our digital cooperative, you can apply to be a member of IoP by contacting the Member and Chapter Services Division.
Do I need to be a member of IoP to use IoP technology or the IOP coin?
No. IoP is for everyone, so anyone can use IoP technology and the IOP coin. IoP membership is just for people who want to participate more directly in the community and help build, support and promote the movement.
IoP Membership and Structure
How is IoP structured?
IoP is divided into three main components: regional chapters, divisions and the IoP Ventures company. The regional chapters are the largest of these groups, and that’s where most members will find themselves.
What does it mean that IoP is a digital cooperative?
IoP is doing decentralization right: we’re taking the best parts of traditional corporate, cooperative and community structures and combining them in a way that’s fully decentralized but can still work effectively. As a global organization we mostly communicate and collaborate online: hence, decentralized digital cooperative.
What do the IoP chapters do?
IoP chapters are responsible for promoting IoP and IoP values such as privacy, decentralization, and self-governance in their local area. Often this involves translating and sharing content and information created by the IoP divisions and other chapters, but chapters are independent and can operate however they like.
How are chapters governed?
Every chapter has a chapter leader who is responsible for their chapter’s activity. More broadly, chapters can vote on various issues within IoP such as the mining license system and proposals generated by the divisions. These votes are currently held on our internal discord, but the system will be migrated to the blockchain in the coming months.
Can anyone join IoP?
Membership is open to anyone. All we ask is that you are committed to supporting IoP’s values, which include decentralization, privacy, and freedom.
Is membership guaranteed?
Membership is not guaranteed. There’s a very basic vetting and interview process. But don’t worry: the main purpose is to get to know you better and make sure you’re a good fit for our values.
There isn’t a chapter in my region. What now?
If there isn’t a chapter in your region you can found one. New chapters have to complete a trial period. Contact our Member and Services Division to find out more.
What do the IoP divisions do?
Where the chapters connect people by region, the divisions connect people with skills such as coding, marketing and business management to held build and promote IoP’s technology and values worldwide..
What is the IoP Ventures?
Although we dream of a fully decentralized future, that can’t be achieved overnight. IoP Ventures is a company established to connect IoP to the old world. It provides legal support and business services which are currently impossible in a fully decentralized way.
How do they IoP Ventures and the IoP Community work together?
IoP Ventures provides dedicated development and other expertise to support the work of the IoP chapters and divisions.
IOP Coin and Blockchain
Does IoP have its own coin?
Yes, IoP has its own coin, called IOP.
How is the IoP blockchain secured?
The IoP blockchain is based on the bitcoin core code, so like bitcoin it is currently secured with a proof of work system.
Later in 2018 Iop will start its transition towards its own hybrid consensus system based on a directed acyclic graph (DAG). As soon as Libertaria’s Hydra project is launched, IoP will be the first Blockchain benefiting from Hydras Algorand consensus and the extended security a federation of strong ledgers provides.
How do I mine IOP?
Only holders of a whitelisted IoP address are allowed to mine IOP, so you cannot mine IOP directly. However, if you join your regional chapter (or found a new one if there is not currently a chapter in your region), you can help mine or otherwise share in the mining rewards in exchange for promoting and supporting IoP.
Where can I buy IOP?
IOP is available on several major exchanges.
What can I do with my IOP?
Like any cryptocurrency, you can buy and sell IOP with other holders and use them to transmit value almost instantly across the world. But IoP is so much more than that. We want IOP to be a fully viable and useful currency. In the next few months, as we begin to roll out the first dApps on the IoP platform, you’ll be able to use your IOP to buy products and services, and you’ll be able to earn IOP by supporting the network and sharing your data with businesses and advertisers of your choice.
Will IoP have an ICO?
No, IoP is an established project with a long-running blockchain and a licensing model which ensures sustainable self-funding.
How does the mining system work?
Unlike Bitcoin and most other proof of work based systems, only whitelisted miners are allowed to mine on the IoP blockchain. A whitelisted IoP address entitles the address owner to mine up to the mining cap within each block window. This prevents centralization of mining power and ensures that people from all over the world have the opportunity to mine.
How many whitelisted addresses are there?
Currently, every IoP regional chapter has a whitelisted address, with a small number of whitelisted addresses reserved for the divisions and the IoP Ventures company, to ensure funding for continued core development.
The number of whitelisted IoP addresses for chapters is fixed at 40. As the number of chapters grows, chapters will have to compete to maintain their whitelisted address. Every month, the community vote on which chapters they feel most deserve a whitelisted address based on their contribution to IoP.
Mercury: IoP Person-to-person Technology
Why “person-to-person” technology?
At IoP, we support decentralization and direct connections between people, the way humans have organized themselves offline for hundreds of years. Existing peer-to-peer approaches are a good start, but even they rely on connecting devices, not people. IoP is using technology to create a “social graph”: a system focused on creating private and direct connections directly between cryptographic identities, rather than between devices.
What is the social graph?
The social graph is the huge web of connections formed by people and businesses connecting directly and securely with each other, using IoP technology to willingly share or even sell certain parts of their personal data. It allows us to provide all the features familiar from normal social media and apps, while eliminating middlemen and ensuring people retain full control over their data.
Why is the social graph better than the current system?
At the moment, companies aggressively harvest and sell users data. People’s needs and privacy are completely ignored, except for the bare minimum necessary to satisfy regulators. But such a predatory model can never be sustainable in the long run.
IoP’s social graph is a new model for social media, apps and advertising that respects everyone’s needs. Users retain full control over their data, and if they choose to share it they will be rewarded. So data is still available for services and businesses that need it, only now the revenue is distributed to the people that deserve it, not greedy middlemen like Facebook and Google.
Best of all, because the data is willingly sold rather than aggressively harvested, advertisers and businesses end up with much more reliable datasets, made up of willing users who actively want to be targeted.
What is a profile?
A profile is a collection of data about yourself. It’s linked to a public/private key pair, like your crypto wallet, so the IoP Home servers can be sure that it’s really you that wants to connect or share data.
You can choose to make any part or all of your profile public, or share only specific parts with specific people. You can also change your mind and revoke this permission at any time. So you have much more control.
Best of all, you can have as many different profiles as you like, all linked to the same cryptographic ID (but not linked publicly unless you choose). So you can keep your work and social life separate, or create a specific profile for a specific app, but still manage everything from the same place. With social graph, you are in complete control of your data and online identity.
How does IoP protect my profile data?
Your profile data mostly exists in the safest place of all: on your own device. Data you choose to share is encrypted with your private key and stored on dedicated nodes called Home nodes . Anyone can run one of these Home nodes, but the only people who can actually access your data are you and the people you’ve given access permission to. And if you change your mind, you can revoke these permissions at any time.
Can I help build IoP technology?
You want to contribute to IoP? Your welcome. Feel free to contact firstname.lastname@example.org
What are dApps?
dApp is short for “decentralized app”. They’re like normal apps, but they don’t rely on big centralized data servers to operate. They provide better security and cannot be controlled or disrupted by centralized authorities. The IoP platform is designed to support any kind of dApp, providing users with familiar services while giving them complete control of their personal data.
Where will I be able to get dApps?
Once dApps start to roll out, they’ll be available on our own dApp store.
I’m building a dApp. Will it work with the IoP platform?
Probably! The IoP platform is open source and designed to support a variety of languages and require minimal understanding of the underlying architecture. Get in touch with us via our Discord if you want to talk more.
IoP and the Wider Crypto World
Is IoP involved with any other crypto projects?
IoP is collaborating with various other projects and institutions around the world to bring crypto technology and knowledge to the people who will most benefit. Many of these collaborations are at an early stage, but you can find out more in our Discord and on this website as news is released.
IoP’s most significant collaboration is with the Libertaria project: IoP and Libertaria share many personnel, and many IoP systems are built on Libertaria technology.
What is Libertaria?
Libertaria is a collective dedicated to promoting freedom and creating decentralized technology for anyone who needs it. It’s completely apolitical, and hopes to bridge political, economic and cultural divides by providing people with the tools to connect and transact however they choose.To learn more, click here.
How are IoP and Libertaria connected?
IoP and Libertaria share a lot of values, and even some people, but they are distinct projects. However, a lot of IoP systems are based on Libertaria technologies. Think of IoP as a specific implementation of Libertaria’s broader philosophy.
What is Hydra?
Hydra is Libertaria’s revolutionary approach to decentralized ledger technology. Hydra lets any community create a cryptocurrency and ledger, and share in the security of a global decentralized system, without the scaling problems that plague systems like bitcoin and Ethereum.
Does Hydra have its own token? Where can I buy it?
Yes, Hydra will have its own token, HYD. You can currently get some on the Libertaria exchange.