Monday, October 1, 2018

DLT's dynamic duo

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October 1, 2018

CONSORTIA CO-OP: Hyperledger and the Enterprise Ethereum Alliance (EEA) are linking up through a new partnership.

The tie-up will see the two groups collaborating on common standards for the blockchain space. This will form the basis for a broader effort to cross-pollinate a diverse open-source community.

As EEA executive director Ron Resnick told CoinDesk: "The enterprises of the world are going to want to purchase solutions where they have a choice of multiple vendors."

Yet the field for enterprise blockchain solutions remains a fiercely competitive one, as CoinDesk's Ian Allison reports. Indeed, R3's lead platform engineer Mike Hearn recently criticized the move as "a marketing event rather than a major change to the way the platforms work." Full Story

BITMAIN BLOCKADE: The Sia network is about to become very unfriendly for cryptocurrency mining hardware products made by firms Bitmain and Innosilicon. 

The move to "brick" the miners -- by changing the code to block the ability for them to be used -- comes after months of painstaking debate within the network's community of users. The stated goal is to offset the "near-monopoly" enjoyed by the two companies, accordign to Nebulous founder and CEO David Vorick. 

Whether the entire network embraces the change remains to be seen -- in theory, a separate Sia network could emerge from the nodes that don't opt to block Bitmain and Innosilicon's miners. Full Story

'INEVITABLE' CRYPTO?: Malta's prime minister, Joseph Muscat, struck a bullish tone on cryptocurrencies before the United Nations General Assembly last week. 

"Blockchain makes cryptocurrencies the inevitable future of money, more transparent since it helps filter good businesses from bad businesses," Muscat declared. 

His support is perhaps unsurprising, given that Malta has spent time and resources in an effort to roll out the welcome mat to crypto startups which are seeking friendly jurisidictions. Full Story



The Sharpe Ratio is the average return earned in excess of the risk-free rate per unit of volatility or total risk. The higher the Sharpe Ratio, the better investors are compensated for their allocation of risk.

Bitcoin has the highest Sharpe Ratio, coming in at .68, followed by XRP at .6. Ether has the lowest ratio of -3.17 with LTC receiving a -1.35.

For comparison, the S&P 500's Sharpe Ratio is 4.59. In case you weren't aware, the crypto industry sits at the higher end of the risk reward curve.

For more research insights check out the CoinDesk Research section here. You can also follow CoinDesk's research analyst Peter Ryan on Twitter for the latest insights.
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XRP PUSH: September was a banner month for XRP. The cryptocurrency was up by 80 percent, and at times overtook ether as the second-biggest cryptocurrency by market capitalization. XRP's price run-up came ahead of the Swell event hosted by Ripple in California. Full Story
BEST OF THE BEST:

BLOOMBERG (VIA FORTUNE): Blockchain startups are looking to beef up their pedigree by adding Nobel Prize laureates to their ranks

The Covee Network, Prysm Group, and Cryptic Labs LLC are among those that have partnered with past winners of the global prize. However, those working with the companies stress that they aren't simply there to help them look good. 

"They are embracing game theory as a way of incentivizing participation," Alvin Roth, one of winners of the Nobel prize for economics in 2012, was quoted as saying. 

THE REST: 

LAW.COM: 
An effort to pilot blockchain in the U.S. is proving easier said than done. 

This report descibes how the project by Austin-Travis County EMS and UT Austin, dubbed MyPass Austin, is seeking to provide a means for homeless people to access their identifying documents. But regulations are proving to be more burdensome than originally imagined, including those around HIPAA. 

CNBC: CNBC highlights the route through which blockchain can be taken to the next level with some recommendations from Deloitte.

Of particular importance, according to the advisory firm: interoperability and speed. This is especially pertinent for enterprise-grade companies that are looking to potentially make use of the nascent technology. 

"Standardization could help enterprises collaborate on application development, validate proofs of concept, and share blockchain solutions as well as making it easier to integrate with existing systems," the report argued. 
 
We've launched our first-ever podcast, "Late Confirmation," a digest of top stories in the blockchain world, delivered daily from the team at CoinDesk and sponsored by the Oxford Blockchain Programme.

WHO WON #CRYPTOTWITTER

 
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