https://www.cryptocoinsnews.com/ethereum-races-ahead-raidens-implementation-lightning-network/Brainbot Technologies, a blockchain development, and consulting company, just released the first implementation of the Raiden Network, which, similar to the Lightning Network, is a layer two protocol on top of Ethereum’s blockchain,
significantly increasing Ethereum’s transaction capacity from the current estimated 20 transactions per second to tens of thousands.The first proof of concept version conceptually solves all aspects “and it can work on the current Ethereum blockchain as it is,” according to Heiko Hees, an Ethereum core developer and CEO of Brainbot, with a “hardened” beta version planned for winter 2016.
One can have a decentralized exchange, therefore, run on the Raiden Network, or, machine to machine payments at a global scale as the network scales linearly with the number of participants. If you add another intelligent machine to the network, for example, you are also adding capacity at the same time to such extent that one might say its scalability is as good as unlimited.
To prove the point,
a demo of 100,000 transactions per second is planned for the end of August, turning into reality the long spoken dream of microtransactions which could replace or complement advertising and save the publishing industry.
In combination with Ethereum’s plans for on-chain scalability through sharding, the Raiden Network allows ethereum’s public blockchain to handle any imaginable blockchain application, thus solving the scalability problem and shifting the ecosystem’s focus to securing digital currency and to the implementation of many new applications made possible by blockchain’s invention.
So in around 3weeks we could witness something truly revolutionary for all of crypto...WOW, if this is pulled of 1ETH will be over $25 overnight and the buy pressure will be huuuuuuuuuge.
This is without a shadow of a doubt the BIGGEST news i have seen for crypto since....crypto,lol and this is what is required to elevate us all to real mainstream adoption.
This 100k+ txps putting us on par with Visa/Mastercard and potentially even 1m+txps in the near future was a fantasy...however in 3WEEKS we will see it for real!
The Rise of Ethereum in Japan Part 2; Smart Contract Conference Trip Report - The Biggest Ethereum Event Ever in Japan
Aug 9, 2016
https://www.linkedin.com/pulse/rise-ethereum-japan-part-2-smart-contract-conference-trip-john-lilicwoooaaaaaaaa
http://www.journaltranscript.com/2016/08/btcs-inc-otcmktsbtcs-expands-its-ethereum-mining-hosting-operations/BTCS Inc (OTCMKTS:BTCS) Expands Its Ethereum-Mining Hosting Operations
BTCS Inc (OTCMKTS:BTCS) reported that the company has expanded its Ethereum-mining hosting operations to nearly 150 kilowatts, up from about 50kw reported in March 2016. Charles Allen, the CEO, said that they have gained considerable expertise since introducing the Ethereum pilot program earlier in this year.
Peter Janosi, MJMI's president said: "Ethereum is poised to change the way a huge range of contracts are fulfilled and executed. Imagine a world where options and futures contracts could be independently verified and executed, bypassing traditional stock exchanges. This technology has the potential to completely change the way billions of dollars of financial instruments and are traded and settled. We are excited to be expanding our plans to include this exciting new crypto-currency."
MJMI is currently exploring partnerships in several verticals within the crypto-currency space, including the multi-billion dollar remittance market. Management believes that several industries, including both international remittances and online gambling are on the verge of being revolutionized by the use ofBitcoin to effect transactions.
MarilynJean Media Interactive is among the first publicly traded companies focussed on bitcoin and thecrypto-currency space. The company's trading symbol is MJMI.QB.
http://www.baystreet.ca/viewarticle.aspx?id=443463
Peter Janosi, MJMI's president said: "Ethereum is poised to change the way a huge range of contracts are fulfilled and executed. Imagine a world where options and futures contracts could be independently verified and executed, bypassing traditional stock exchanges. This technology has the potential to completely change the way billions of dollars of financial instruments and are traded and settled. We are excited to be expanding our plans to include this exciting new crypto-currency."
MJMI is currently exploring partnerships in several verticals within the crypto-currency space, including the multi-billion dollar remittance market. Management believes that several industries, including both international remittances and online gambling are on the verge of being revolutionized by the use ofBitcoin to effect transactions.
MarilynJean Media Interactive is among the first publicly traded companies focussed on bitcoin and thecrypto-currency space. The company's trading symbol is MJMI.QB.
http://www.baystreet.ca/viewarticle.aspx?id=443463
