Topic: [ANN] Ethereum: Welcome to the Beginning - page 794. (Read 2007101 times)

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.    

What's your take on the Ethereum Zcash privacy add-on?

https://www.reddit.com/r/ethtrader/comments/4wamhp/raiden_network_proof_of_concept_is_now_live_huge/?st=iripkdqx&sh=7e92a376
https://github.com/raiden-network/raiden/wiki/Raiden-PoC
http://raiden.network/    wow

Payment-Channel Network for Ethereum

Raiden is a technology that leverages off-chain state networks to extend Ethereum with some nice properties for asset transfers:

    Scalable: it scales linearly with the number of participants (1,000,000+ transfers per second possible) 
    Fast: Transfers are confirmed and final within the fraction of a second
   Confidential: Single transfers don’t show up in the global shared ledger
   Interoperable: Works with any token that follows Ethereum’s standardized token API
    Low Fees: Transaction fees can be 7 orders of magnitude lower than on the blockchain
    Micro-payments: Low transaction fees allow to efficiently transfer tiny values


The technology enabling this is similar to the proposed Bitcoin Lightning Network.
The basic idea is to switch from a model where all transactions hit the shared ledger on the blockchain (which is the bottleneck) to a model where users can privately exchange messages which sign the transfer of value.

Raiden uses a network of p2p payment channels and deposits in Ethereum to preserve the guarantees expected from a blockchain system.
Raiden is implemented as an extension to Ethereum. A Raiden node runs alongside an Ethereum node and communicates with other Raiden nodes to facilitate transfers and with the Ethereum blockchain to manage deposits. It offers a simple API which makes it easy to use Raiden in DApps.
Applications

    Micropayments for content distribution: Alternative to Paywalls, Ads and Subscriptions. (Figure a decentralized youtube where the creators of a video are paid for every second watched)
    Decentralized M2M markets: especially in IoT where tiny chunks of bandwidth, storage, cpu time, energy, sensor data, etc. can be traded.
    Frictionless Token Systems: Game Tokens, Reward Tokens, Private Currencies
    API Access: Accessing and monetizing APIs on a per use basis is at the core of the upcoming Machine-to-Machine economy
    Fast Decentralized Exchanges


Vitalik Buterin: “State channels are an important technology that has the potential to greatly improve the scalability and privacy of many categories of blockchain applications; in conjunction with sharding and other privacy-preserving cryptographic technologies, they are an important ingredient in helping decentralized systems to achieve the properties that mainstream individual and institutional users expect and deserve.”

  

Feel free to report my post. I was just trying to point out that you can't have a default option (other than "not voted") in a yes/no poll UNLESS you want to skew the result. You're grasping at straws my friend. Of course the turnout in the Ethereum fork vote was abysmal, everybody knows that. And the vote turned out to useless because the real decision on which fork to stay with was made simply by using one or the other version of software, which is how blockchain is supposed to work.

Im sure pos also allows for Scalability and many more extra features that are not possible on pow.
Hawk and ZKsnarks are just two of many...
Cryptographic mixers - essentially, the ZK-SNARK verification enforces the rule that if you put one coin in you can take one coin and only one coin out, but the input-output mapping is completely hidden.
    Hawk - essentially, smart contracts with encrypted state, where the full power of the blockchain is still used to verify that state transitions are correct because anyone updating the state needs to include a ZK-SNARK proving that the change from the old encrypted state to the new encrypted state is a valid state transition (proving all of this without revealing what the decrypted old or new states, or the decrypted transaction data, is!).
https://www.reddit.com/r/ethereum/comments/4v2ug3/zksnarks_zero_knowledge_proofs_now_possible_via/

Hawk: The Blockchain Model of Cryptography and
Privacy-Preserving Smart Contracts
https://eprint.iacr.org/2015/675.pdf

There is something wrong with you?

This what the mining pools Dwarfpool and Ethermine setup for the Fork Vote, a default setting of Not Voted.

As Alex Van De Sande reddit annoucement makes clear, without the "White Hats" the thief would have taken all 12 million ETC coins in "The DAO" after the Fork.

Feel free to report my post. I was just trying to point out that you can't have a default option (other than "not voted") in a yes/no poll UNLESS you want to skew the result. You're grasping at straws my friend. Of course the turnout in the Ethereum fork vote was abysmal, everybody knows that. And the vote turned out to useless because the real decision on which fork to stay with was made simply by using one or the other version of software, which is how blockchain is supposed to work.

In Reply

suchmoon

You are now, posting stuff on politics on crypto currency ANN.

What is up with you?

Yawn, yawn, yawn:

https://dwarfpool.com

Had a voting sub-section in its' wallet payout address page, which had a default setting of Not Voted

https://ethermine.org

Had a voting sub-section on the 4th page for the payout wallet address, which had a default setting Not Voted

Clearly, most of the people mining at these pools choose not to change this setting of Not Voted!

Yawn, yawn, yawn.