Friday, September 14, 2018

Sharding, Garza and R3

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September 14, 2018

SHARD BY SHARD: Vlad Zamfir says he and other developers have done a successful proof-of-concept for sharding, one of the most hotly anticipated solutions for ethereum's scaling challenges. 

While the code is "not even close" to production-ready, Zamfir says, it's significant for demonstrating that ether and other data can be securely sent across a blockchain that's been broken up into pieces, or sharded. Full Story

CRIME AND PUNISHMENT: Josh Garza, the CEO of the now-defunct cryptocurrency mining company GAW Miners, has been sentenced to 21 months in prison after pleading guilty to a wire fraud charge.

The verdict ended an investigation that started in 2014, with allegations that GAW was acting as a Ponzi scheme by selling more cryptocurrency mining processing power than the firm actually possessed.

Also, GAW infamously released cryptocurrency called paycoin with a promise that the price won't go lower than $20, which ultimately failed. A U.S. district judge held Garza liable for more than $9 million. Full Story

ALIVE AND WELL? Reports of R3's financial struggles notwithstanding, it's clear there's a vibrant community around its open-source enterprise blockchain platform, Corda.

CordaCon, the startup's annual forum in London for developers and adopters, was packed, with standing room only for some sessions. Noteworthy announcements included the launch of Corda Marketplace, "a pseudo app store" for solutions on Corda (CorDapps), and the U.K. government's HM Land Registry choosing Corda to digitize the house buying process. 

But perhaps the biggest bragging point for R3 was the presence of consortiums from the insurance and trade finance industries (B3i and TradeIX, respectively), both converts to Corda from rival platform Hyperledger Fabric. Full Story



The results are in from yesterday's poll. It turns out that 50 percent of voters considered the "Store of Value" aspect as the most likely one to drive user adoption in bitcoin.

It was followed by 31 percent for "Medium of Exchange" and 19 percent for "Censorship Resistance."

For more research insights check out the CoinDesk Research section here.
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COMEBACK: Daily trading volume for ether hit a 12-month high on Bitfinex and its highest level since July across all exchanges. This suggests investors have been buying the recent dip below $200, boding well for a sustained price recovery. Full Story
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MASHABLE: The outlet describes a hilarious scene on board a blockchain-themed sea cruise where bitcoin developer Jimmy Song and bitcoin cash evangelist Roger Ver were expected to debate, but ended up fighting over whether Ver would get a one-minute introduction before the start of the event.

THE REST

CNBC: The news network offers a short interview about cryptocurrencies with the U.S. Commodity Futures Trading Commission Chairman J. Christopher Giancarlo.

Reiterating what he has been saying over the past few months, Giancarlo says that the internet flourished because the government applied a "do no harm" approach to it — and it should do the same with cryptocurrencies. 

GOVERNMENT TECHNOLOGY: The city of Austin, Austin-Travis County Emergency Medical Services, and Dell Medical School at the University of Texas are working to develop a blockchain-powered ID system for the homeless.

The system will gather digital copies of an individual's records and IDs under one cellphone number or email address. The project secured a $100,000 grant from The Mayor's Challenge. 

OREGON BUSINESS: Oregon's state economic development agency partnered with R/GA Ventures, Nike, OHSU, Intel and blockchain research firm Smith & Crown to create an incubator for blockchain startups in the Beaver State.

With a regular influx of $3 million a year from investors, the Oregon Blockchain Venture Studio hopes to nurture 20 to 30 companies in the next three years.
 


We've launched our new podcast, Late Confirmation, which are the top stories in the blockchain world, delivered daily from the team at CoinDesk, sponsored by the Oxford Blockchain Programme. 

Listen to Latest Episode and Subscribe
 

WHO WON #CRYPTOTWITTER

 
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