It has been a very productive month for Nexus with the commitment of many new lines of code for the Tritium upgrade, ambassadors attending conferences, engineers meeting at the Internet Engineering Task Force, and the continued development of our distributed Embassy structure. The developers are also continuing to improve the Tritium Wallet and gearing up for the next set of beta testing.
Tritium Development Update
Most of the foundational developments of Nexus Tritium are complete.
Recent tests of the Lower Level Library (LLL) show requests reaching 197,744 per second, and the Lower Level Database (LLD) handling the workloads when testing Lower Level Crypto (LLC) verification at over 4k tx/s.
The Nexus Tritium update implements Signature Chains (Sigchains) that create a unique cryptographic identity system, a key-management authorization system, and a proof-of-ownership device.
World Crypto Conference
Nexus sponsored the Bloqathon and hosted a kiosk to educate attendees on the new advanced contracts engine due to be released in January 2019.
Here are the 10 most important stories about bitcoin and cryptocurrencies today
1. The bitcoin cash hard fork took place yesterday at 18:02 UTC. The fork split bitcoin cash into two chains. There is the original version of bitcoin cash known as Bitcoin ABC. This is the protocol that has been used since bitcoin cash was created last year and whose proponents argue that the basic structure is "sound" and "does not need any radical change." The second chain, Bitcoin SV, looks to restore retired code from the original bitcoin protocol and increase block size from 32 MB to 128 MB. –FORBES
2. A number of major cryptocurrency exchanges have already added support for both new bitcoin cash tokens. Binance has already issued bitcoin cash owners their new tokens. It awarded 1 BCH ABC and 1 BCH SV token for each bitcoin cash token users had at 4:40 p.m. (UTC) on November 15. Bitfinex and Poloniex have also said they have made the shift to the new cryptocurrencies. –COINDESK
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3. Coinbase Ventures has invested in Coinmine, a startup that wants to make it easier for non-technical people to mine cryptocurrency. The Coinmine One, a mining device that consumes less energy than a Playstation, went on sale Wednesday. Coinbase Ventures, along with others, have put about $2 million into the San Francisco-based company. –BITCOIN.COM
4. Power Ledger, an Australian startup that recently won Richard Branson's Extreme Tech Challenge, plans to start selling fractions of renewable energy plants. The company will use the blockchain to sell portions of a commercial solar farm and a grid-connected battery project. The firm will use cryptocurrency tokens to act as shares, and is believed to be the world's first regulated crypto energy offering. –FAST COMPANY
Find out what motivates developers to contribute to open source and what barriers prevent others from doing the same.
5. Banning cryptocurrencies in India may be near impossible. –QUARTZ
6. Wired looks at a few companies that can store a person's DNA information in the blockchain. –WIRED
7. It may take bitcoin weeks – if not months – to rebound from this latest crash. –COIN TELEGRAPH
8. BitMEX CEO Arthur Hayes believes bitcoin could fall as low as $2,000. –NEWS BTC
9. One crypto analyst wants to buy the dip. –MARKET WATCH
10. The Next Web names five blockchain developers make a real difference: Vitalik Buterin, Gavin Andresen, Erik Voorhees, Elizabeth Stark, and Riccardo Spagni. –THE NEXT WEB
Written and curated by David Stegon. He has been a reporter for 15 years, the past 10 focused on technology. Follow him @davidstegon.
