Weekly Shortcuts: Ampleforth, Crypto.com, Grin, IOTA, Hedera Hashgraph
1st February — 7th February
Hello! This is the 4th edition of our weekly overview of various projects, contributing to the bright future of the technology. So, let’s get acquainted with five companies in the spotlight:
Ampleforth is a commodity-money, like Bitcoin or gold, but with near-perfect supply elasticity, like fiat. It is the first sound money with elastic supply.
Crypto.com — the pioneering payments and cryptocurrency platform. It offers a seamless mobile wallet app and its prepaid MCO visa prepaid card to be used by people to buy, sell, trade, and spend cryptocurrencies such as Bitcoin and Ethereum, and fiat currencies like dollars, euros and yen.
Grin is a privacy-focused, secure (PoW) and scalable cryptocurrency that supports electronic transactions without censorship and restrictions. Grin proposes a private and lightweight blockchain, based on the Mimblewimble protocol.
IOTA — the first open-source distributed ledger that is being built to power the future of the Internet of Things with feeless microtransactions and data integrity for machines.
Hedera Hashgraph — a decentralized public network where anyone can carve out a piece of cyberspace to transact, play, and socialize in a secure, trusted environment. Hedera is designed for fast, fair, and secure applications to take advantage of the efficiency of hashgraph on a decentralized, public network you can trust.
- Ampleforth (AMPL) is now available on Kyber Network! — AMPL will be accessible through KyberSwap and other DApps and platforms that are powered by their on-chain liquidity protocol.
- New Thematic Insights on Elastic Supply Protocols by Paul Burlage and Medio Demarco. In the report, they focus the analysis on Ampleforth, Terra, and Celo.
They explore how these protocols compare to each other, in addition to other prominent Stablecoins.
Also, they analyze AMPL’s volatility in order to determine how effective supply contractions & expansions have been in helping to maintain its price peg. Evidenced in the graph below, AMPL has experienced prolonged periods trading above, below and at its target price.
- Building “Smart Commodity Money” Ampleforth is establishing themselves as a player in blockchain and, in particular DeFi! Now they are hiring!
- Ampletoken is now live on Totle Swap.
- App Update: EU & UK Address Verification Now Open
- Crypto.com Private Announced
- General Manager, Europe Appointed
- Syndicate Lite & Trading Arena Launch
- The Syndicate Lists XLM — ATOM to come
- Crypto.com Chain Dev Update #7
- Crypto.com Reduces Withdrawal Fees on 12 Cryptocurrencies — Including some of the most popular coins — BTC, ETH, and LTC.
- New Trading Pair! $USDC/$USDT is now on the Crypto.com Exchange and the Crypto.com App!
- Crypto.com Exchange Trading Arena — CRO Battle — Eligible participants will share daily $50,000 USD worth of CRO rewards across 5 days.
Begins: Saturday, 8 February 2020, at 16:00 PM UTC (Sunday 9 Feb 00:00 HKT)
Ends: Thursday, 13 Thursday, 2020, at 16:00 PM UTC (Friday 14 Feb 00:00 HKT)
- Newsletter 83: Non-interactive transactions:
- Grin-wallet user guide has been updated in line with v3.0.0.
- Video interview I gave about Grin for Apollo capital.
- The free educational blockchain book is now doing a community crowdfunding effort.
- January progress update by @DavidBurkett on Grin++ and Mimblewimble Extension blocks for Litecoin.
- There are 96 open issues in /grin, and 24 open issues in /grin-wallet.
- Merged PRs: 10 in /grin | 3 in /grin-wallet | 6 unique contributors
- @yeastplume’s weekly update.
- Elder channels v4, payment channels on Grin, courtesy of @antiochp
- A proposal for non-interactive transactions in Mimblewimble, courtesy of @DavidBurkett
- The governance meeting covered a funding request for a book, renaming sub-teams, RFC Shepherding, and an update on website and forum.
- The keybase chat-widget is live on the website courtesy of @nijynot, open-sourced here.
- The next bi-weekly governance meeting is scheduled for Tue Feb 11 @ 15:00 UTC in grincoin#general on Keybase. You can add topics to the agenda.
- Relative kernels [node-dev]
- Asynch Transacting via Relays [wallet-dev]
- Multiple named wallets [wallet-dev]
- Security Subteam [core]
- Grin 2020 Roadmap [core]
- The IOTA token is now available on Liquid! A leading global platform that provides trading & blockchain-based financial services. As they continue to grow their financial infrastructure, they look forward to enabling future markets in Asia and Japan.
- March 3rd at 4h45PM GMT+1 in Munich — IOTA will be at CC2020, the European cybersecurity summit! The co-founder, Dominik Schiener, will explain how the Tangle is the trust layer of the digital economy.
- Chrysalis (Path towards IOTA 1.5) — Chrysalis is separate to the coordicide efforts, and is aimed at improving the usability of the current IOTA mainnet prior to coordicide.
- White-flag approach for calculating balances. A simpler, conflict-ignoring approach (valid for the pre-coordicide era) that improves speed and efficiency of tip selection, eliminates certain attacks and significantly reduces the need for reattachments.
- New milestone selection algorithm for the coordinator, focused on allowing the network to support as much CTPS as possible, with higher computational efficiency.
- New URTS tip selection in node software. Significantly faster and more efficient than the current approach.
- Support for a new signature scheme in parallel to WOTS. The network will therefore allow for both quantum resistant one-time signatures and a more commonly used signature scheme allowing re-use of private keys. This will dramatically reduce transaction size, and consequently allow a significant increase in TPS. By introducing a new signature scheme they will also allow for reusable addresses, a very popular request from the community.
- Atomic transactions. Move from the current Bundle construct and use simpler atomic transactions instead. This will reduce network overhead, reduce signature verification burden, improve spam protection and congestion control, and reduce length of Merkle proofs (for future sharding). In addition, it will reduce implementation efforts and increase maintainability of their core node software.
- Switch to UTXO model from the current balance model. Every coin on an address is then uniquely identifiable and every spend names the exact coins that it wants to move. This allows for faster and more exact conflict handling and improves resilience and security of the protocol. In addition, switching to UTXO will make colored coins on IOTA possible. Combined with Mana (Coordicide) in the near future, this makes for a very attractive tokenization model and will further boost the adoption of the IOTA token.
- Switch to an internal binary representation of the trinary transaction. This allows them to work on binary data, for validation, IO and other processing without the need to have many binary-ternary conversions as in the current node software. The bundle hash can still be represented as 243 trits, such that the signing scheme stays the same and no transition of funds is necessary. This should lead to further improvements in performance.
- IOTA Focuses on Immediate Adoption with Chrysalis Upgrade — an article by Cointelegraph regarding the update.
- Coordicide Alphanet Out Now — the release marks an important step forward towards reaching a coordinator-free IOTA mainnet.
The main features released with this version are:
- Autopeering: automatic peer discovery and distance-based neighbor selection
- Gossip: network layer for sending and receiving new transactions
- Rate control: a temporary non-mana based rate control to limit transaction issuance
- API: interface to send data (0 value) transactions and query the Tangle
- Join the upcoming webinar and exciting Hedera Consensus Service announcement. Hear from Hedera Co-Founder Leemon Baird, Developer Advocate Greg Scullard, and AdsDax Lead Developer Rhys Davies.
- A partnership with Armanino, a leading accounting, and business consulting firm in the US. Hedera Hashgraph, the enterprise-grade, public distributed ledger platform, has announced a strategic partnership with Armanino LLP. The partnership allows Hedera ecosystem participants to leverage Armanino’s DLT assurance technology platform, TrustExplorer, and its new Trusted Node data service for a reliable source of transaction and account data. Also, you can read about it here — Hedera Hashgraph to Leverage Armanino TrustExplorer in New Strategic Partnership.
- CDC and WHO’s Coronavirus Data Now Searchable Via Acoer, Powered by Hedera Hashgraph — Acoer, developer of blockchain-enabled applications, announced that it is helping its healthcare and life sciences clients to easily track and visualize the Coronavirus outbreak with its HashLog data visualization engine. Built to interact in real-time with Hedera Hashgraph, the enterprise-grade distributed public ledger, the Coronavirus HashLog dashboard allows researchers, scientists, and journalists to easily understand the spread of the virus and trends over time, from a wide set of public data, including data from the Center for Disease Control (CDC) and the World Health Organization (WHO).
- Here’s How Blockchain Is Helping In The Battle Against Coronavirus by Inc42.
- How blockchain is being used to track the coronavirus by Decrypt.
- DLT Architecture for Media-Attribution Platform — A proposal of an architectural design solution to build the Media-Attribution Platform for open-source communities as well as private organizations while leveraging Distributed Ledger Technology which facilitates a decentralized infrastructure where there is no single authority to dictate or impose outcomes. The proposed architecture uses combinations of powerful DLTs such as Hedera Hashgraph, Hyperledger and Polkadot to resolve the media-attribution problem by ensuring speed, stability, fairness and privacy entailing gold-standard security as the ingrained parameters of the native platform. These attributes of media-attribution platform together enforce, the authenticity and the credibility of the platform which are crucial for attaining network effects.
- Hedera Consensus Service (HCS) mirror node gRPC API for testnet publicly available (still in beta, but the early access program has ended). Every application developer can use this API to start building with HCS on the testnet.
- How To Create Hedera Hashgraph Mainnet Account(s).
- Method 1: Create an account using Hashing Systems composer Chrome Extension
- Method 2: Method Two: Create an account using the official Hedera Wallet
- Method 3: Create an account using the Myhbarwallet App
- Method 4: Create an account yourself using the Telegram “myhbarbot”
- Method 5: Create Additional Accounts using Hashing Systems Composer Extension
- Method 6: Create Additional Accounts Yourself Using Two Phones and Two Official Hedera Wallet Apps
That’s all for today!
Feel free to share your feedback about the format!