Topic: [ANN] Ethereum: Welcome to the Beginning - page 347. (Read 2007155 times)

ETC has no chance to overtake ETH in near future the real support is still with this project. Even ETH network is becoming problematic due to high traffic than high transaction fee is looking terrible but I don't think ETC could take advantage of these issues. There are so many other projects who will become more stronger in future.  

Recently, ETH rebounded by 20%, and has now risen to the pressure level of the downward trend line. Temporarily selling part of the position is a good risk control strategy.

Now even casper has been delayed to 2020, and vitalik seems to ignore new independent offchain scaling solutions like striim.
Not looking good for ETH - especially after failing this latest fcoin airdrop stress test.
Highly likely the ETC flippening is coming. To be safe, in a situation like this anyone holding ETH should hold the same amount of ETC

Eth need implement sharding and Casper for solve more problem of scalability and a green network but I read this technology can start from 2020 I think 2 year are too time we need wait for this ... what do you think? This long time risk eth technology can surpassed from other blockchain technology. Thanks for attention.

After such Vitalik statements ETH can remove from Coinbase, and all will start to move to the ETC

(USD, EUR, BTC, ETH, MNX)  Or spend your Ether in Shops with Debit Cards....

The Civil platform is based on the ethereum blockchain, a distributed ledger that could allow newsrooms to post content no single party can alter or take down, while ethereum-based smart contracts could enable innovative methods of earning and distributing revenue to content creators.

The blockchain might also allow Civil to conduct an experiment in decentralized governance using an ethereum-based ERC-20 token. Through what Coolidge called the "Civil economic game," newsrooms and readers might soon be able to enforce journalistic standards on a media industry that seems determined to forget them.

The "game" hasn't begun yet, but Coolidge said that a sale of the CVL crypto token is "imminent."

In the meantime, newsrooms have already begun to publish on the Civil platform, including Documented, which covers immigrant communities in New York and the national immigration policies that affect them; Cannabis Wire, which tracks developments in the marijuana industry; and Sludge, which reports on lobbying and the influence of special interests in politics.

Alyson Martin, co-founder of Cannabis Wire, called Civil:

"One of the most worthwhile experiments in journalism that I'm aware of at a time when new solutions to the business of journalism are badly needed."

In all, Coolidge said, nearly 100 journalists have signed up for the platform.

Permanent and un-censorable
To understand how Civil plans on changing journalism, it's helpful to understand the main feature of the ethereum blockchain that the project plans to take advantage of.

The ethereum blockchain is not located in one place or controlled by one party but instead, stored and simultaneously updated across a large, distributed network of computers. This means that articles published on Civil cannot be changed or taken down by governments, hackers or any other entity.

Journalists who have launched newsrooms on Civil are particularly excited about this aspect.

"Creating indelible online publishing is an idea that really drew me," said Documented co-founder Max Siegelbaum.

David Moore, co-founder of Sludge, had similar things to say, contending that ethereum's censorship resistance is "terrific" for readers "in countries that have even more actively oppressive speech restrictions and government surveillance than the U.S. does."

Even without government interference, though, journalists have seen their work evaporate overnight, and as such like the idea of an immutable record. Coolidge cited the example of Gothamist and DNAinfo, publications that were abruptly shut down by their owner in November 2017, leading all their content to temporarily disappear from the internet (their archives were restored after a backlash and the publications were later bought).

Yet, for the time being, most Civil articles will sit on newsrooms' centralized servers, meaning they could potentially be taken down or changed.

Instead of storing the full-text articles, Civil's smart contracts – which have not launched yet – will store their hashes, enabling readers to verify that the article has not been modified. Hashes are strings of numbers and letters obtained by running data through certain algorithms. A given set of data will always yield the same hash, but if even one letter of the original data is changed, the hash will come out completely different.

Dan Kinsley, co-founder and engineering lead at Civil, described this approach as "a way to set us up in the future for decentralized file storage," perhaps using the Interplanetary File System (IPFS).

For especially high-value or sensitive content, though, newsrooms could store full-text articles directly on ethereum smart contracts today, but they'll have to pay higher network fees to the miners who maintain the blockchain.

New revenue models
Ethereum's smart contracts, which enable programs to be executed on the blockchain by means of publicly visible code, could change the way newsrooms monetize as well.

Readers, for instance, could subscribe to publications through smart contracts or pay per article – whatever model a newsroom chooses. And these payments could not be blocked by governments or anyone else.

Revenues could also be distributed in newer, more complex ways through smart contracts.

"There's many participants in getting a story to print," Kinsley said, naming editors, fact checkers, reporters, photographers and producers of other articles cited by that story.

He continued:

"One of our goals is to allow the value to trickle down to all of the participants in this value chain through licensing and content attribution and having that all on the blockchain so if one piece of content goes viral, how can you bring some of that value down to the photographer that took that original photo and licensed it in your article?"

For now, Kinsley said, these innovations are a ways off, but he noted, "That's something we're keenly interested in solving."

He also made it clear that "for the near term, we expect the bulk of payments to occur via credit cards."

Finally, ethereum's smart contracts could allow newsrooms and audiences alike to commission work, expanding the ways in which journalism is produced and paid for.

Moore expressed excitement at the idea that Sludge could put out a bounty for reporting from a freelancer, and readers could post bounties for a story they wanted to see reported.

Spot the fake news
While new revenue models are likely to be alluring for many newsrooms today, the most ambitious aspect of Civil's platform has to do with its token-based governance system.

Using the yet-to-be launched CVL token, the project hopes to bring so-called "crypto-economics" to bear on one of journalism's biggest problems. As Coolidge described it, the system is a kind of game, in which the objective is to "spot the unethical newsroom" – and there's a monetary reward if you succeed.

Every newsroom on the platform deposits a certain number of CVL tokens, and if one participant feels another is behaving unethically – printing fake news or hate speech, plagiarizing, encouraging violence or otherwise violating the rules of the Civil constitution – they can challenge the alleged offender's place on the platform by staking a matching deposit of tokens.

The other platform members then vote according to their token holdings, and if the challenger wins, the offending outlet is booted off of Civil (and its tokens distributed to voters on the winning side). If the challenger loses, they forfeit the tokens they staked and the newsroom they challenged stays put.

The point, Coolidge explained, is to provide a mechanism for keeping newsrooms honest, but also to take subjective bias out of the equation.

"It's not just because I'm a Republican and you're a Democrat and I don't like your politics, I'm going to challenge your newsroom," he said.

In other words, in Coolidge's optimistic interpretation, the Civil governance system not only counteracts fake news, it enables "a very diverse ideological and political spectrum of newsrooms" – what he also called "the anti-echo chamber."

It's not hard to imagine the system being exploited, however.

Peter Thiel, a billionaire tech entrepreneur, funded a lawsuit that bankrupted the news outlet Gawker after it outed him as gay (the lawsuit was brought by a different plaintiff over an unrelated issue). Creating a token economy system that gives wealthier participants more voting power almost seems like it could streamline the process of taking out pesky newsrooms.

Coolidge said that thought kept the Civil team up for many nights, but by creating the Civil Foundation, an independent body set up to govern the platform developed, whereby decisions can be appealed, he hopes to prevent something like that from happening.

It's worth noting that this structure bears some resemblance to EOS, where the arbitration process has led to unintended consequences.

For now, journalists on the platform are more focused on Civil's possibilities than its potential pitfalls. Siegelbaum told CoinDesk:

"They've really enabled an experimental way of covering news to flourish a little more."

------by David Floyd------

Hi here is another way to pay with Crypto money in stores, you can use Bitcoins, Ethereum and Minexcoins. The cards can be ordered for about 1 week ....
https://minexpay.com/

Ethereum urgently needs new technologies to improve the handling performance of the chain. The substantial improvement of public chain performance is the important foundation for the application of block chain application.

Hello everybody. Today I learned that the network is overloaded because the new exchange gives out coins of 1 to 10 coins for free. My wallet is already full of such coins. I wish everyone good luck.

Well..  for the simple explanation about my analysis of price is, when the bitcoin's price goes up will be followed by all of cryptocurrencies price include the ethereum due to the first of cryptocurrencies is the bitcoin, so cryptocurrencies price depends on the bitcoin's price. I don't care about fluctuation in the price for short time for me the most important is for six months later. 

It's ridiculous right now, pending for hours now then network failure. Meanwhile the gas price has been going wild recently. In case, let it run smoothly must overwriting with higher gas, that's kinda expensive. What we can do, Just relax and be patient to solve the congestion over the Ethereum network!

Meanwhile ETC is proceeding towards the flippening of ETH.. one day at a time.

Prolly not tomorrow and prolly not next month. I remember though that some of the ETH guys said we should see some improvements in 2018.

So Bankex Plasma is just a Plasma implementation? This means that there can be many Plasma's implementations? I'ts not trustless because you have to trust a Plasma operator you said, but in the future we'll see trustless transactions thanks to smart contracts?

BANKEX has launched the beta version of BANKEX Plasma, the first realization of a Plasma blockchain originally envisioned by Vitalik Buterin for the main Ethereum network. During its first month in beta, BANKEX Plasma has reached a capacity of 22k simultaneous transactions per second without sharding at a cost of less than 0,5  cent (half cent) per transaction. The protocol currently has replication in 3 data centers, can verify client software for integration capacity and provides instant liquidity for users. The high speed protocol is fully operational, but will undergo additional stress testing in beta.

BANKEX Plasma is a new scalability solution for the Ethereum network. The speed issue is crucial to scaling the Ethereum network. In its current state, the Ethereum network can handle about 22 transactions per second. While this is faster than Bitcoin, which handles up to 7 transactions per second, it is not comparable with the VISA processing network that can work with more than 20,000 transactions per second. In order to be compatible with traditional banking systems supporting the global economy, blockchain developers have been working to increase the capacity of a blockchain based processing system for stable, high speed cryptocurrency transactions. BANKEX Plasma is the first such protocol to have met or surpassed the speed of VISA processing.

“At the moment, the actual speed of Plasma has reached 22,000  transactions per second,” said BANKEX creator of BANKEX Plasma Alex Vlasov. “Having reached this speed, the transaction rate has ceased to be our priority and the focus has shifted to finalization of the smart contract for servicing the Plasma operation and the client application that verifies the volume of transactions in real time.”

The technical realization of a Plasma protocol with such speed makes its implementation possible among corporate clients, including stock exchanges. Exchanges could offer inner transactions free of charge while offering a higher level of security while maintaining the trust to Ethereum. The BANKEX Plasma B2B solution, called Plasma Enterprise, has the potential to open a new chapter in the history of the Ethereum blockchain as its applications are relevant to a wide range of fields and businesses that require high speed, high volume transactions.

BANKEX Plasma will run in beta for at least the next 6 months to undergo further stress testing for capacity and resolving residual technical issues. Moreover, at the moment there are no counterparties with enough cryptocurrency traffic to independently verify even 5k transactions, let alone the 22k transactions that BANKEX Plasma will need to verify.

BANKEX Plasma is an implementation of the Ethereum Plasma project originally developed by Vitalik Buterin and Joseph Poon in August 2017. Work on the BANKEX Plasma protocol begun in October 2017 when BANKEX developers introduced their own version of Ethereum Plasma at the ETHWaterloo hackathon. Technically, BANKEX Plasma is an ‘inner blockchain’ of the main Ethereum network.  It is protected by the smart contracts on Ethereum from the misbehaviors of Plasma participants and helps to increase the number of Ethereum transactions per second.

In other words, BANKEX Plasma proposes a slight redistribution of trust. BANKEX Plasma users extend a little more trust to one party, called a Plasma operator, and this enables that Plasma operator to produce blocks at a faster rate. This, in turn, enables faster transaction processing and achieves some additional functionality that can be very useful to the entire network. At the same time, the BANKEX Plasma protocol enables verification of the Plasma operator as a security measure against error or malicious behavior. Users can challenge an operator to demonstrate that its performance is correct and error free. Should a Plasma operator be unable to prove this, users can stop interacting with this party and this minimizes the risks of losing value in unreliable transactions.

The BANKEX Plasma protocol is simple to use. A user makes a transaction request for a particular sum on the Plasma smart-contract in Ethereum. This takes place completely in the Ethereum root network and does not depend on the Plasma blockchain. After this, however, the requested sum is transferred to a smart-contract on the branch Plasma blockchain and is managed by a Plasma operator, accelerating the transaction speed. Running Plasma requires operators to have some basic infrastructure – servers, databases and a volume of ETH to operate a smart contract. The infrastructure requirement means that a Plasma operator will either have charge fees in some form or obtain a grant from the Ethereum Foundation to cover these costs.

Users can send funds to any address in Plasma – this is another distinction between Plasma and state channels, for example Lightning or Raiden. At the same time a user needs to be sure to send funds to what’s called an “externally owned address” – this is an address without code and that has an associated private key.

BANKEX Plasma can be used for more than the transfer for cryptocurrency.  The protocol has several standard transaction modes for different purposes:

• Split: This sends parts of a user’s unspent transactions to other parties (including self);
• Merge: This merges two inputs into a single output to reduce the number of unspent transactions that a client needs to scan and cache;
• Transfer: This transfers output in full;
• Fund and Withdraw: These modes are for depositing and withdrawing ETH from the main network.

BANKEX Plasma will be a key component for tokenization of the real-world assets, as it will enable the transfer of indivisible assets in full from one owner to another in a fast and secure way. BANKEX is the first fintech company to launch a high speed Plasma blockchain that will have a significant impact on the crypto community and one the off-chain world at large.

About BANKEX

BANKEX is a global top-50 fintech company developing the Proof-of-Asset Protocol to bring Bank-as-a-Service (BaaS) product modules and blockchain together for the digitization, tokenization & exchange of assets for the development of a global tokenized ecosystem.  Leading BANKEX technologies include the Proof-of-Asset Protocol for tokenization, the Plasma Protocol, BANKEX Scan, BANKEX Smart Justice, BANKEX Trust Service, and the Solidity Floating Point Library, among others.

For more information, please visit https://bankex.com/en/.

Video presentation

yes price is stable and in very good position
but eth network is currently facing alot of transaction load
and this its more then 50k pending transactions
gas price is very high more then 80 gwei gas price
i think i have to wait for gas price get low and then i will make transactions to the exchange

Has Ethereum network get congestions due to massive ICO and bounty payments.
It sounds a bit ridiculous!

Sharding and Casper to come. Don't worry.

Ethereum price stable around $460, as we know that ethereum network overloaded again. Few bounty payments stucked cause of the high gwei price. I also want to transfer ethereum to exchange but i can't, Transaction can be stuck for days.
Now only we can wait and keep my eyes on ethereum network. I also heard that Ethereum team going to improve the network. let's hope ethereum network will be normal soon. 

Be patience, sharding and casper update is on the way. You should not feel worried about that because it will be back after the dapps hype will be over. I guess there are some persons created a lot of spam transaction too. This makes the priority standard in the ethereum network has been increasing a lot.