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 | Dear ARPA community, submitted by arpaofficial to u/arpaofficial [link] [comments] To make sure that fellows of ARPA community are well informed of the latest developments of the team, we will update the project dynamics and progress in ARPA community in our monthly report. Thank you all for your support! This is May in the rearview. Enjoy! 01 ARPA Development Dynamics & Technology ProgressPooled Mining on Mainnet
02 Community, Marketing & ListingsARPA Mainnet Mining Pool LaunchedARPA’s pre-alpha mainnet mining pool is now live and accepting staking. Users can choose a mining pool, stake their ARPA tokens and start earning computation rewards. ARPA mainnet mining pool is designed to lower the threshold for users to participate in the ARPA mainnet secure multi-party computation. By staking no less than 50,000 ARPA to the designated mining pool, users can participate in multi-party computation(MPC). With successful completion of each task, users will receive mainnet mining reward. Mining pool Live time: May 8, 2020 Annualized Mining Reward: 15% ～25% Minimum Staking Amount: 50,000 ARPA Staking Cap per pool: 3,000,000 ARPA Current total cap: 15,000,000 ARPA Mining pool: mainnet.arpachain.io https://preview.redd.it/3suf8ek9y8351.jpg?width=1334&format=pjpg&auto=webp&s=fd7e084cc1b1f8282b693fc77a7305f0b64fd36e ARPA Celebrated Second Anniversary ARPA team turned 2 years old this past month. ARPA community had a week-long celebration for its second-anniversary. https://preview.redd.it/6wemozldy8351.jpg?width=1500&format=pjpg&auto=webp&s=889ae7d24d50470d6de7cd9ef7f02b6cee0c14fa Birthday Wishes from Around the World Click the URL to read the letter from ARPA’s co-founder & CEO: On ARPA’s 2nd Anniversary — A Letter from CEO Dear friends and partners,medium.com ARPA Listed on Bithumb, the Largest Exchange in Korea Korea’s largest exchange, Bithumb, listed ARPA on its main trading platform and its global site, Bithumb Global. https://preview.redd.it/tukus4ify8351.jpg?width=960&format=pjpg&auto=webp&s=f898a6ac17aa1e62ea0c127d0421752052f1fbdb The listing on Bithumb Korea marks yet another milestone that ARPA has achieved in not only Korean market, but also in regulated exchanges listings. Till this date, ARPA has been listed on Korea’s regulated exchanges Coinone and Hanbitco, as well as Vietnam’s Bvnex. Official announcement of Bithumb: Bithumb 카페 글로벌 대표 가상자산 거래소 빗썸입니다. 빗썸이 알파체인(ARPA)을 신규 상장할 예정입니다. 알파체인은 다자간 연산 기술을 통해 개인 정보를 보호하고 데이터를 효율적으로 관리, 공유하기 위해 구축된 블록체인…cafe.bithumb.com ARPA was Invited to Block 101 by Binance On May 6, Felix Xu, Co-founder & CEO of ARPA, was invited to Block 101 by Binance. He had a dialog with Sisi from Binance and shared his opinion on crypto and privacy-preserving computation. Around 50,000 audience watched the program online throughout the livestream. https://preview.redd.it/kfx4lcuiy8351.png?width=1709&format=png&auto=webp&s=17380db2fe1f0c8d7d9e2f7d39f955f33b2f525c ARPA was interviewed by MTN of Korea Felix Xu, Co-founder & CEO of ARPA, was interviewed by Money Today Network (MTN), one of the three major financial television stations of Korea. The interview was played in the MTN X-File program on April 10. MTN is a renowned financial television station in Korea, covering more than 30 million users in Korea and owning 300 thousand subscribers on YouTube. Felix introduced the data privacy problems in financial and medical fields, the privacy protection policies launched by different countries, and ARPA’s MPC application in the preceding fields. The interview also involved how to use MPC to track patients’ traces and help control spread of COVID-19 while protecting patients’ privacy. As a leading privacy computing enterprise in the industry, ARPA makes all efforts to push landing of secure MPC applications and works with several large-sized enterprises in conceptual verification. Click to view the ARPA interview video, starting at 4 minutes and 30 seconds： https://youtu.be/KkuBMUNOJWc ARPA and MXC Celebrated Anniversary Together and Offered ETF Awards to New Users On May 14, ARPA and MXC celebrated their anniversary together and offered ETF awards up to 200 USDT, with a total amount of 40,000 USD. All the first 200 seats can get the award. ARPA x JD Digital AMA On May 22, Co-founder and CEO Felix Xu of ARPA was invited to livestream withJD Digital, a subsidiary of JD.com, which is one of the largest e-commerce platform in China. He introduced the current phase of the data industry, privacy-preservingcomputation technology, and ARPA’ and JD Digital’s joint effort in the financial data field. https://preview.redd.it/g9okrt7ny8351.png?width=1800&format=png&auto=webp&s=a97e165317074987dce503252bc388b94277853b ARPA Invited to Borderless Online Summit On May 27, Co-founder and CEO Felix Xu of ARPA was invited to Borderless Online Summit and shared his view on the topic of “Has the Moment Come for Privacy-preserving Computation?”. https://preview.redd.it/zfqjrzwoy8351.jpg?width=1000&format=pjpg&auto=webp&s=83f1bb808581052fa62d4b478b0a869e9683b9c9 Felix shared his opinions on the current situation of the data industry, privacy computing technology, and the implementation scenarios of ARPA’s MPC. He also pointed out that, risk control and blacklist sharing of financial institutions have an urgent need for privacy-preserving computation and will therefore have an organic adoption for MPC. ARPA Foundation Burnt 10mil ARPA Tokens On May 27, ARPA foundation conducted a new round of monthly token burn. 10,000,000 ARPA tokens were burnt from its reserve. This is worth about $110,000 at the time of burn. The amount burnt has been sent to the black hole address shown below. Black hole address: 0x168115cf806009f8984f47c90033e9a9705b4f65 TXID: 0x1a2297af747a14982709c0faf111ae24c51ec92a06c6a1f3e147b1fb14da20f9 Browser address: https://cn.etherscan.com/tx/0x1a2297af747a14982709c0faf111ae24c51ec92a06c6a1f3e147b1fb14da20f9 https://preview.redd.it/yqnsvlkqy8351.png?width=700&format=png&auto=webp&s=8893be2b99e14f4c175985d679e242b6780b45f1 ARPA Listed on HBTC On May 28, ARPA was Listed on HBTC and launched three promotions. A limited amount of ARPA tokens were offered at 25% to 50% discount, and 2.2 million ARPA tokens were sold out within 36 seconds. https://preview.redd.it/6iyktsusy8351.jpg?width=5000&format=pjpg&auto=webp&s=d365f69b7e222642dd5170169310dec0eeac829a For more information about the promotions, click the link below: Hold HBC & Subscribe to ARPA and Enjoy 25%-50% Discount Dear users, To celebrate the launch of the ARPA project, HBTC will launch event called Hold HBC & Subscribe to ARPA and…hbtc.zendesk.com ARPA & HBTC Conducted Online Live Streaming On May 28, Felix Xu, Co-founder and CEO of ARPA and Global Business Vice-president of HBTC Elsa conducted two online AMA live-streaming programs. https://preview.redd.it/2ylnvlduy8351.jpg?width=1200&format=pjpg&auto=webp&s=dc9f84d499477df3b59b5bef0270ff0bc2b426fd About ARPAARPA is a blockchain-based solution for privacy-preserving computation, enabled by Multi-Party Computation (“MPC”). Founded in April 2018, the goal of ARPA is to separate data utility from ownership, and enable data renting. ARPA’s MPC protocol creates ways for multiple entities to collaboratively analyze data and extract data synergies, while keeping each party’s data input private and secure. ARPA allows secret sharing of private data, and the correctness of computation is verifiable using information-theoretic Message Authentication Code (MAC).Developers can build privacy-preserving dApps on blockchains compatible with ARPA. Some immediate use cases include: credit anti-fraud, secure data wallet, precision marketing, joint AI model training, key management systems, etc. For example, banks using the ARPA network can share their credit blacklist with each other for risk management purposes without exposing their customer data or privacy. Team members have worked at leading institutions such as Google, Amazon, Huawei, Fosun, Tsinghua University, Fidelity Investments. ARPA is currently assisting the China Academy of Information and Communications Technology in setting the national standard for secure multi-party computation. ARPA is a corporate member of MPC Alliance and IEEE and is in partnership with fortune 500 companies to implement proof-of-concepts and MPC products. In 2019, ARPA was named as the Top 10 most innovative blockchain companies in China by China Enterprise News and China Software Industry Association. For more information about ARPA, or to join our team, please contact us at [email protected]. Learn about ARPA’s recent official news： Telegram (English): https://t.me/arpa_community Telegram (Việt Nam): https://t.me/ARPAVietnam Telegram (Russian): https://t.me/arpa_community_ru Telegram (Indonesian): https://t.me/Arpa_Indonesia Telegram (Thai): https://t.me/Arpa_Thai Telegram (Philippines):https://t.me/ARPA_Philippines Telegram (Turkish): https://t.me/Arpa_Turkey Telegram(Sri Lanka):https://t.me/arpa_srilanka Korean Chats: https://open.kakao.com/o/giExbhmb (Kakao) & https://t.me/arpakoreanofficial (Telegram, new) Medium: https://medium.com/@arpa Twitter: u/arpaofficial Reddit: https://www.reddit.com/arpachain/ Facebook: https://www.facebook.com/ARPA-317434982266680/54 |
 | submitted by arpaofficial to u/arpaofficial [link] [comments] https://preview.redd.it/1cnghdlyzby41.png?width=960&format=png&auto=webp&s=4af05361a46b1e8469de0fe514a60fe4b9146b80 Korea’s largest exchange, Bithumb, has announced today that it will list ARPA on its main platform and its global site, Bithumb Global. There will be a pre-listing airdrop event to Bithumb Korea users and the exact trading date is going to be announced. For ARPA’s full disclosure, please view Xangle’s project disclosure page: https://xangle.io/project/ARPA/full-disclosure ARPA Pre-listing Airdrop EventARPA will be distributed per 16,000 KRW of Trading amount■ Event Open : May 12, 2020 (Tue) 12:00 (KST) ■ Event Period : May 12, 2020 (Tue) 12:00 ~ May 12, 2020 (Tue) 13:00 (KST) ■ Event Target : All customers who buy virtual assets in Bithumb ■ Event Details : 1 ARPA per 16,000 KRW of trading amount will be orderly distributed from 12:00 (KST) ** Payment will be trimmed by 16,000 KRW for 1 ARPA (Ex. 31,990 KRW = 1 ARPA airdrop) ** Conclusion below 16,000 KRW will be excluded from the airdrop. ■Daily total distribution amount : If 12,500,000 ARPA is exhausted, distribution can be terminated prematurely. ■ Limitation per an account : 400,000 ARPA ■ Provision Date : A lump-sum payment will be made when the deposit is opened at the listing day. The listing on Bithumb Korea marks yet another milestone that ARPA has achieved in not only Korean market, but also in regulated exchanges listings. Till this date, ARPA has been listed on Korea’s regulated exchanges Coinone and Hanbitco, as well as Vietnam’s Bvnex. Korean market has always been ARPA’s top priority. On April 7th 2020, Korea’s regulated exchange Hanbitco listed ARPA. In November 2019, the leading Korean Crypto platform Cobak joins as ARPA’s supernode. On November 5th, ARPA was listed on Coinone, one of the largest regulated exchanges in Korea, and opened Korean Won trading pair. On August 15th, Chosun Ilbo, one of the largest media in Korea, conducted an exclusive interview with ARPA’s CEO Felix Xu. https://preview.redd.it/d7634z710cy41.png?width=354&format=png&auto=webp&s=85ae9f0982aef28a49db28277af447c28e2a1f8e https://preview.redd.it/55nt0h120cy41.png?width=500&format=png&auto=webp&s=99c686ad8c960679bb159dabd58cc016ff6e0e15 On September 28th 2019, ARPA co-hosted an invite-only meetup in Seoul, South Korea with top exchange Gate.io and MakerDAO. As part of Korea Blockchain Week, ARPA meetup received overwhelming attendance. Over 100 ARPA supporters and Gate.io VIPs and users showed up. https://preview.redd.it/p09z90j30cy41.png?width=500&format=png&auto=webp&s=fab684df4ed468ac56f3e5d36f21642a07073c2c https://preview.redd.it/2nsgf3a40cy41.png?width=500&format=png&auto=webp&s=c616cc9fd09d53458060e441d173c66f329448f6 Felix Xu, ARPA Co-founder & CEO, was interviewed by the Nodist, a Korea and Japan based blockchain media during Korea Blockchain Week. Felix talked about real world applications of privacy-preserving computation. ARPA’s cryptographic Multi-party Computation (MPC) protocol has obvious applications across industries, including fintech, insurance, advertising, artificial intelligence, healthcare, and more. https://preview.redd.it/m8it5iw50cy41.png?width=500&format=png&auto=webp&s=a4c35f6764b2deeb56437ca907a0cb1f81a4fd78 ARPA is available on top exchanges such as Binance, Huobi Global, Gate.io, KuCoin, HitBTC, mxc.com, Coinone, Hanbitco, and many more. Listing on Bithumb will bring better liquidity, trading depth, better access and global awareness for privacy-preserving computation, ARPA project and holders. It is an important milestone for ARPA’s globalization. About BithumbBithumb is the largest cryptoasset exchange in Korea with over 4.5 Million local customers. Its largest daily trading volume exceeds 7 Billion USD. Bithumb is also one of the few regulated exchanges with Korean WON deposit & withdrawal gateways available.About ARPAARPA is a blockchain-based solution for privacy-preserving computation, enabled by Multi-Party Computation (“MPC”). Founded in April 2018, the goal of ARPA is to separate data utility from ownership, and enable data renting. ARPA’s MPC protocol creates ways for multiple entities to collaboratively analyze data and extract data synergies, while keeping each party’s data input private and secure. ARPA allows secret sharing of private data, and the correctness of computation is verifiable using information-theoretic Message Authentication Code (MAC).Developers can build privacy-preserving dApps on blockchains compatible with ARPA. Some immediate use cases include: credit anti-fraud, secure data wallet, precision marketing, joint AI model training, key management systems, etc. For example, banks using the ARPA network can share their credit blacklist with each other for risk management purposes without exposing their customer data or privacy. Team members have worked at leading institutions such as Google, Amazon, Huawei, Fosun, Tsinghua University, Fidelity Investments. ARPA is currently assisting the China Academy of Information and Communications Technology in setting the national standard for secure multi-party computation. ARPA is a corporate member of MPC Alliance and IEEE and is in partnership with fortune 500 companies to implement proof-of-concepts and MPC products. In 2019, ARPA was named as the Top 10 most innovative blockchain companies in China by China Enterprise News and China Software Industry Association. For more information about ARPA, or to join our team, please contact us at [email protected]. Learn about ARPA’s recent official news： Telegram (English): https://t.me/arpa_community Telegram (Việt Nam): https://t.me/ARPAVietnam Telegram (Russian): https://t.me/arpa_community_ru Telegram (Indonesian): https://t.me/Arpa_Indonesia Telegram (Thai): https://t.me/Arpa_Thai Telegram (Philippines):https://t.me/ARPA_Philippines Telegram (Turkish): https://t.me/Arpa_Turkey Korean Chats: https://open.kakao.com/o/giExbhmb (Kakao) & https://t.me/arpakoreanofficial (Telegram, new) Medium: https://medium.com/@arpa Twitter: u/arpaofficial Reddit: https://www.reddit.com/arpachain/ Facebook: https://www.facebook.com/ARPA-317434982266680/54 |
 | Dear ARPA community, submitted by arpaofficial to u/arpaofficial [link] [comments] To make sure that fellows of ARPA community are well informed of the latest developments of the team, we will update the project dynamics and progress in ARPA community in our monthly report. Thank you all for your support! This is April in the rearview. Enjoy! 01 ARPA Development Dynamics & Technology ProgressStaking: Mining Pool
02 Community, Marketing & ListingsCointelegraph Covered ARPA and MPCThe well-known blockchain technology media Cointelegraph took ARPA as an example to deeply interpret the great potential of MPC. The founder of modern MPC, Professor Nigel Smart, retweeted and commented on that Twitter. https://preview.redd.it/bib3ybci64y41.png?width=1080&format=png&auto=webp&s=cb1e7343143691fed348d1e4556f986a679a4938 MXC x ARPA AMA On April 13th, ARPA conducted an interactive AMA with MXC on Tiktok. Felix shared the solution to the DeFi cross-chain problem with threshold signature. The live broadcast received great participation and enthusiastic response, and the total number of viewers exceeded 600 by the end of the live broadcast. https://preview.redd.it/80n9gcrk64y41.png?width=739&format=png&auto=webp&s=d8af69eab48e2f137c57d3e2e050e0939a92c5e8 ARPA x Jinse Finance AMA On April 15th, ARPA co-founder & CEO Felix Xu was invited to the Jinse roundtable conversation to share how blockchain and privacy-preserving computation can be a game changer for information security. ARPA Listed on Jubi.com On April 16, ARPA was listed on Jubi.com as the first project after its relaunch. Jubi.com, is a seven-year old exchange, which topped the global trading volume in 2017. https://preview.redd.it/6notov8p64y41.png?width=1080&format=png&auto=webp&s=8c004bd5dbfbafe37a78a4d3ca4844d10b3172ee ARPA foundation bought back and burnt 10 million ARPA tokens This was worth about $100,000 at the current price. The amount burnt has been sent to the black hole address shown below. Black hole address: 0x168115cf806009f8984f47c90033e9a9705b4f65 TXID: 0xbdce139f5b20236e92545266d47e011738e9ef65e09f96aceb1aae94905354b6 Browser address: https://cn.etherscan.com/tx/0x2d50d4df7c0423ffcecf2efe15000ec7b0b67f00f97d9a761ac0dc963e973dcc https://preview.redd.it/fe9dcccr64y41.png?width=1080&format=png&auto=webp&s=fb5400f8ee523d17a4a703dad8bc642b5a799e55 Binance Launched Monthly ARPA Staking Airdrop Program Binance, the world’s largest crypto trading platform, opened a new round of ARPA staking program on April 30, 2020, with an annualized return of 15%. About ARPAARPA is a blockchain-based solution for privacy-preserving computation, enabled by Multi-Party Computation (“MPC”). Founded in April 2018, the goal of ARPA is to separate data utility from ownership, and enable data renting. ARPA’s MPC protocol creates ways for multiple entities to collaboratively analyze data and extract data synergies, while keeping each party’s data input private and secure. ARPA allows secret sharing of private data, and the correctness of computation is verifiable using information-theoretic Message Authentication Code (MAC).Developers can build privacy-preserving dApps on blockchains compatible with ARPA. Some immediate use cases include: credit anti-fraud, secure data wallet, precision marketing, joint AI model training, key management systems, etc. For example, banks using the ARPA network can share their credit blacklist with each other for risk management purposes without exposing their customer data or privacy. Team members have worked at leading institutions such as Google, Amazon, Huawei, Fosun, Tsinghua University, Fidelity Investments. ARPA is currently assisting the China Academy of Information and Communications Technology in setting the national standard for secure multi-party computation. ARPA is a corporate member of MPC Alliance and IEEE and is in partnership with fortune 500 companies to implement proof-of-concepts and MPC products. In 2019, ARPA was named as the Top 10 most innovative blockchain companies in China by China Enterprise News and China Software Industry Association. For more information about ARPA, or to join our team, please contact us at [email protected]. Learn about ARPA’s recent official news： Telegram (English): https://t.me/arpa_community Telegram (Việt Nam): https://t.me/ARPAVietnam Telegram (Russian): https://t.me/arpa_community_ru Telegram (Indonesian): https://t.me/Arpa_Indonesia Telegram (Thai): https://t.me/Arpa_Thai Telegram (Philippines):https://t.me/ARPA_Philippines Telegram (Turkish): https://t.me/Arpa_Turkey Korean Chats: https://open.kakao.com/o/giExbhmb (Kakao) & https://t.me/arpakoreanofficial (Telegram, new) Medium: https://medium.com/@arpa Twitter: u/arpaofficial Reddit: https://www.reddit.com/arpachain/ Facebook: https://www.facebook.com/ARPA-317434982266680/54 |
 | submitted by arpaofficial to u/arpaofficial [link] [comments] https://preview.redd.it/i9wboi0o4cq41.png?width=888&format=png&auto=webp&s=b3f29081a0b820c264c67f516b442ac511819a52 Dear ARPA community, To make sure that fellows of ARPA community are well informed of the latest developments of the team, we will update the project dynamics and progress in ARPA community in our monthly report. Thank you all for your support! This is March in the rear view. Enjoy! 01 ARPA Development Dynamics & Technology ProgressMainnet
Researched on general asymmetric and asynchronous MPC protocol 02 Community, Marketing & ListingsToken BurnOn March 27th, ARPA Foundation bought back and burnt 10,000,000 ARPA tokens from the market which was worth $70,000 at the time of burn. The burnt tokens have been transferred to the corresponding black hole address: 0x168115cf806009f8984f47c90033e9a9705b4f65 https://preview.redd.it/rbqpigrt4cq41.png?width=1080&format=png&auto=webp&s=5f1a94dd75b6ab5aaaa30f6c027a4eceded8237a Listing on HitBTC ARPA reached a strategic partnership with HitBTC, a leading trading platform based in the UK. The two will collaborate in areas such as community building and the application of MPC as well as threshold signature in areas such as decentralized exchange (DEX) and decentralized finance(DeFi). The partnership will bring ARPA a strong alliance in the EU area, which will be a great and integral addition to the ARPA global community. Binance $10,000 Airdrop to ARPA Community Binance airdropped $10,000 USDT to ARPA global community for newly registered spot- and futures accounts. ARPA was Added to the FTX Dragon Index (DRGN-PERP) The derivatives exchange FTX announced that it has included ARPA in its Dragon Index. Dragon Index (DRGN-PERP) is a basket of 9 most popular tokens of Chinese origin. As the latest addition, ARPA will have equal weight as its 8 predecessors, Bytom(BTM), IOST, NEO, NULS, Ontology(ONT), QTUM, Tron(TRX) and Vechain(VET). To know more about the Dragon Index (DRGN-PERP): https://ftx.com/trade/DRGN-PERP This is a significant recognition of APRA’s technological advancement, community development, token tradability, trading depth and liquidity. Dragon Index will greatly increase ARPA’s liquidity and depth on existing exchanges such as Binance, Huobi Global, Gate.io, KuCoin, HitBTC, etc. Establishment of African CommunityARPA supporters from Africa can now come together in one community.The African community currently has ARPA supporters from Ghana, Kenya, Nigeria, South Africa, Zimbabwe, Uganda and other countries. This is the 10th largest language ARPA community after Chinese, English, Thai, Indonesian, Russian, Vietnamese, Filipino, Turkish, and Korean.With the establishment of the ARPA African community, ARPA will work with local blockchain enthusiasts to jointly promote the development of African blockchain ecology and the advancement of blockchain technology. https://preview.redd.it/ginfnjex4cq41.png?width=888&format=png&auto=webp&s=ba4ddbd8dff84e8026a9cbb49b9effcc90061d1e ARPA Launches on BetaEX and Held Online AMA ARPA launched BetaEX at 10:00 (UTC + 8) on March 16, 2020, Hong Kong time, listed the ARPA / USDT trading pair. https://preview.redd.it/oh86sdcz4cq41.png?width=1200&format=png&auto=webp&s=856a6fbac78d7c1148d2b9c03450163760261720 ARPA x CryptoBuffet AMA At 8 pm on March 9th, Suterusu, Force Protocol, and ARPA were invited to participate in CryptoBuffet’s online AMA. ARPA CEO & co-founder Felix Xu shared how threshold signature technology can play with the blockchain and ARPA’s vision for DEX and DeFi in 2020. https://preview.redd.it/jmk1t4915cq41.png?width=1080&format=png&auto=webp&s=278ad57c3997cbc960266ca3449e068a188f34b4 ARPA x FTX AMA with Mars Finance The derivatives exchange FTX announced that it has included ARPA in its Dragon Index. Dragon Index (DRGN-PERP) is a basket of 9 most popular tokens of Chinese origin. As the latest addition, ARPA has equal weight as its 8 predecessors, Bytom(BTM), IOST, NEO, NULS, Ontology(ONT), QTUM, Tron(TRX) and Vechain(VET). At 2 pm on March 19th, ARPA and FTX did an AMA with Mars Finance. ARPA CEO Felix Xu and FTX COO Constance shared their thoughts over ARPA’s join to FTX Dragon Index. https://preview.redd.it/1xw2bb345cq41.png?width=1200&format=png&auto=webp&s=ecda482d9cd2a02276b06ff71bcc20c300db69b5 ARPA/VNDT Listed on Vietnamese Regulated Exchange Bvnex At 16:00 (Hong Kong time) on March 19, 2020, ARPA/VNDT pair was officially listed on Bvnex, a compliant exchange in Vietnam with Vietnamese Dong fiat gateway. Users can purchase ARPA directly on Bvnex with the Vietnamese Dong. This move will further help ARPA to expand its foundation in the Vietnamese community. https://preview.redd.it/4do6as465cq41.png?width=1080&format=png&auto=webp&s=2911bfaa3f67f0a6ce251481b486595df9df9ec3 About ARPAARPA is a blockchain-based solution for privacy-preserving computation, enabled by Multi-Party Computation (“MPC”). Founded in April 2018, the goal of ARPA is to separate data utility from ownership, and enable data renting. ARPA’s MPC protocol creates ways for multiple entities to collaboratively analyze data and extract data synergies, while keeping each party’s data input private and secure. ARPA allows secret sharing of private data, and the correctness of computation is verifiable using information-theoretic Message Authentication Code (MAC).Developers can build privacy-preserving dApps on blockchains compatible with ARPA. Some immediate use cases include: credit anti-fraud, secure data wallet, precision marketing, joint AI model training, key management systems, etc. For example, banks using the ARPA network can share their credit blacklist with each other for risk management purposes without exposing their customer data or privacy. Team members have worked at leading institutions such as Google, Amazon, Huawei, Fosun, Tsinghua University, Fidelity Investments. ARPA is currently assisting the China Academy of Information and Communications Technology in setting the national standard for secure multi-party computation. ARPA is a corporate member of MPC Alliance and IEEE and is in partnership with fortune 500 companies to implement proof-of-concepts and MPC products. In 2019, ARPA was named as the Top 10 most innovative blockchain companies in China by China Enterprise News and China Software Industry Association. For more information about ARPA, or to join our team, please contact us at [email protected]. Learn about ARPA’s recent official news： Telegram (English): https://t.me/arpa_community Telegram (Việt Nam): https://t.me/ARPAVietnam Telegram (Russian): https://t.me/arpa_community_ru Telegram (Indonesian): https://t.me/Arpa_Indonesia Telegram (Thai): https://t.me/Arpa_Thai Telegram (Philippines):https://t.me/ARPA_Philippines Telegram (Turkish): https://t.me/Arpa_Turkey Korean Chats: https://open.kakao.com/o/giExbhmb (Kakao) & https://t.me/arpakoreanofficial (Telegram, new) Medium: https://medium.com/@arpa Twitter: u/arpaofficial Reddit: https://www.reddit.com/arpachain/ Facebook: https://www.facebook.com/ARPA-317434982266680/54 |
 | Overledger is the world’s first blockchain operating system (OS) that not only inter-connects blockchains but also existing enterprise platforms, applications and networks to blockchain and facilitates the creation of internet scale multi-chain applications otherwise known as mApps. submitted by xSeq22x to QuantNetwork [link] [comments] In less than 10 months since launching Overledger they have provided interoperability with the full range of DLT technologies from all the leading Enterprise Permissioned blockchains such as Hyperledger, R3’s Corda, JP Morgan’s Quorum, permissioned variants of Ethereum and Ripple (XRPL) as well as the leading Public Permissionless blockchains / DAGs such as Bitcoin, Stellar, Ethereum, IOTA and EOS as well as the most recent blockchain to get added Binance Chain. In addition, Overledger also connects to Existing Networks / Off Chain / Oracle functionality and it does all of this in a way that is hugely scalable, without imposing restrictions / requiring blockchains to fork their code and can easily integrate into existing applications / networks by just adding 3 lines of code. https://preview.redd.it/3t3z6hkbxel31.png?width=1920&format=png&auto=webp&s=ac989c2752c726e10d2291eb271721ceaa332a30 What is a blockchain Operating system?You will be familiar with Operating systems such as Microsoft Windows, Apple Mac OS, Google’s Android etc but these are all Hardware based Operating Systems. Hardware based Operating Systems provide a platform to build and use applications that abstracts all of the complexities involved with integrating with all the hardware resources such as CPU, Memory, Storage, Mouse, Keyboard, Video etc so software can easily integrate with it. It provides interoperability between the Hardware devices and Software.Overledger is a Blockchain Operating System, it provides a platform to build and use applications that abstracts all of the complexities involved with integrating with all the different blockchains, different OP_Codes being used, messaging formats etc as well as connecting to existing non-blockchain networks. It provides interoperability between Blockchains, Existing Networks and Software / MAPPs How is Overledger different to other interoperability projects?Other projects are trying to achieve interoperability by adding another blockchain on top of existing blockchains. This adds a lot of overhead, complexity, and technical risk. There are a few variants but essentially they either need to create custom connectors for each connected blockchain and / or require connected chains to fork their code to enable interoperability. An example of the process can be seen below:User sends transaction to a multi sig contract on Blockchain A, wait for consensus to be reached on Blockchain A A custom connector consisting of Off Chain Relay Nodes are monitoring transactions sent to the smart contract on Blockchain A. Once they see the transaction, they then sign a transaction on the Interoperability blockchain as proof the event has happened on Blockchain A. Wait for consensus to be reached on the Interoperability Blockchain. The DAPP running on the Interoperability Blockchain is then updated with the info about the transaction occurring on Blockchain A and then signs a transaction on the Interoperability blockchain to a multi sig contract on the Interoperability Blockchain. Wait for consensus to be reached on the interoperability Blockchain. A different custom connector consisting of Off Chain Relay Nodes are monitoring transactions sent to the Smart Contract on the Interoperability Blockchain which are destined for Blockchain B. Once they see the transaction, they sign a transaction on Blockchain B. Wait for consensus to be reached on Blockchain B. https://preview.redd.it/xew1eu1exel31.png?width=1558&format=png&auto=webp&s=df960ded46d40fc9bf0ae8b54ff3b3b86276708a Other solutions require every connecting blockchain to fork their code and implement their Interoperability protocol. This means the same type of connector can be used instead of a custom one for every blockchain however every connected blockchain has to fork their code to implement the protocol. This enforces a lot of restrictions on what the connected blockchains can implement going forward. https://preview.redd.it/pe166qyexel31.png?width=1561&format=png&auto=webp&s=d4c982089276e64cd909537c9ce744b59e168b6d Some problems with these methods:
But some Interoperability blockchains say they are infinitely scalable?If the interoperability blockchain is limited to say 200 tps then the idea is to just have multiple instances of the blockchain and run them in parallel, so you benefit from the aggregated tps, but just how feasible is that? Lets say you want to connect Corda (capable of 2000+ tps) to Hyperledger (capable of up to 20,000 tps with recent upgrade). (Permissioned blockchains such as Hyperledger and Corda aren’t one big blockchain like say Bitcoin or Ethereum, they have separate instances for each consortium and each is capable of those speeds). So even when you have just 1 DAPP from one consortium that wants to connect Corda to Hyperledger and use 2000 tps for their DAPP, you would need 100 instances of the Interoperability blockchain, each with their own validators (which maybe 100–200 nodes each). So, 1 DAPP would need to cover the costs for 100 instances of the blockchain and running costs for 10,000 nodes…This is just one DAPP connected to one instance of a two permissioned blockchains, which are still in the early stages. Other blockchains such as Red Belly Blockchain can achieve 440,000 tps, and this will surely increase as the technology matures. There is also the added complexity of then aggregating the results / co-coordinating between the different instances of the blockchain. Then there are the environmental concerns, the power required for all of these instances / nodes is not sustainable. https://preview.redd.it/yz2wvnhgxel31.png?width=1070&format=png&auto=webp&s=e6cb66e362b18e9924245a6a99e0eac4c9083308 It’s not just transactions per second of the blockchain as well, its the latency of all these added consensuses along the path to reach to the destination and not knowing whether the security of each of the hops is sufficient and can be trusted. To see examples of how this potential issue as well as others effect Cosmos you can see my article here. I recommend also reading a blog done by the CEO of Quant, Gilbert Verdian, which explains how Overledger differs here as well as detailed in the whitepaper here. https://preview.redd.it/2cwj4k7hxel31.png?width=1169&format=png&auto=webp&s=d6fc49086f944089cef7ffa1dfc9d284107ad2e3 Overledger’s approachIn 1973 Vint Cerf invented the protocol that rules them all: TCP/IP. Most people have never heard of it. But it describes the fundamental architecture of the internet, and it made possible Wi-Fi, Ethernet, LANs, the World Wide Web, e-mail, FTP, 3G/4G — as well as all of the inventions built upon those inventions.Wired: So from the beginning, people, including yourself, had a vision of where the internet was going to go. Are you surprised, though, that at this point the IP protocol seems to beat almost anything it comes up against?Cerf: I’m not surprised at all because we designed it to do that.This was very conscious. Something we did right at the very beginning, when we were writing the specifications, we wanted to make this a future-proof protocol. And so the tactic that we used to achieve that was to say that the protocol did not know how — the packets of the internet protocol layer didn’t know how they were being carried. And they didn’t care whether it was a satellite link or mobile radio link or an optical fiber or something else.We were very, very careful to isolate that protocol layer from any detailed knowledge of how it was being carried. Plainly, the software had to know how to inject it into a radio link, or inject it into an optical fiber, or inject it into a satellite connection. But the basic protocol didn’t know how that worked.And the other thing that we did was to make sure that the network didn’t know what the packets had in them. We didn’t encrypt them to prevent it from knowing — we just didn’t make it have to know anything. It’s just a bag of bits as far as the net was concerned.We were very successful in these two design features, because every time a new kind of communications technology came along, like frame relay or asynchronous transfer mode or passive optical networking or mobile radio‚ all of these different ways of communicating could carry internet packets.We would hear people saying, ‘The internet will be replaced by X25,’ or ‘The internet will be replaced by frame relay,’ or ‘The internet will be replaced by APM,’ or ‘The internet will be replaced by add-and-drop multiplexers.’Of course, the answer is, ‘No, it won’t.’ It just runs on top of everything. And that was by design. I’m actually very proud of the fact that we thought of that and carefully designed that capability into the system.This is the approach Quant have taken with their Blockchain OS, Overledger to solve Blockchain interoperability. Compared to other Interoperability platforms that are trying to achieve interoperability at the transaction layer by connecting two blockchains via another blockchain, these will be ultimately be made redundant once faster methods are released. Overledger is designed to be future proof by isolating the layers so it doesn’t matter whether it’s a permissioned blockchain, permissionless, DAG, Legacy network, POW, POS etc because it abstracts the transaction layer from the messaging layer and runs on top of blockchains. Just as the Internet wasn’t replaced by X25, frame relay, APM etc, Overledger is designed to be future proof as it just runs on top of the Blockchains rather than being a blockchain itself. So, if a new blockchain technology comes out that is capable of 100,000 TPS then it can easily be integrated as Overledger just runs on top of it. Likewise, with protocols such as HTTPS, SSH etc these will also emerge for blockchains such as ZK-Snarks and other privacy implementations as well as other features made available, all will be compatible with Overledger as its just sitting on top rather than forcing their own implementation for all. It doesn’t require blockchains to fork their code to make it compatible, it doesn’t add the overhead of adding another blockchain with another consensus mechanism (most likely multiple as it has to go through many hops). All of this adds a lot of latency and restrictions which isn’t needed. The developer can just choose which blockchains they want to connect and use the consensus mechanisms of those blockchains rather than forced to use one. Overledger can provide truly internet scale to meet whatever the demands may be, whether that be connecting multiple red belly blockchains together with 440,000 tps it doesn’t matter as it doesn’t add its consensus mechanism and uses proven internet scale technology such as that based on Kubernetes, which is where each task is split up into a self-contained container and each task is scaled out by deploying more to meet demand. Kubernetes is what runs Google Search engine where they scale up and down billions of containers every week. Due to this being more of a summary, I strongly recommend you read this article which goes into detail about the different layers in Overledger. https://preview.redd.it/1lpt98cixel31.png?width=1126&format=png&auto=webp&s=3928cf66cfe25bfce7dc84be7b6db670ac952ccf But how does it provide the security of a blockchain if it doesn’t add its own blockchain?This is often misunderstood by people. Overledger is not a blockchain however it still uses a blockchain for security, immutability, traceability etc, just rather than force people to use their own blockchain, it utilises the source and destination blockchains instead. The key thing to understand is the use of its patented technology TrustTag, which was made freely available to anyone with the Overledger SDK.Please see this article which explains TrustTag in detail with examples showing how hashing / digital signatures work etc A quick overview is if i want to send data from one blockchain to another the Overledger SDK using Trusttag will put the data through a hashing algorithm. The Hash is then included in digital signature as part of the transaction which is signed by the user’s private key and then validated through normal consensus and stored as metadata on the source blockchain. The message is then sent to the MAPP off chain. The MAPP periodically scans the blockchains and puts the received message through a hashing algorithm and compares the Hash to the one stored as metadata on the blockchain. This ensures that the message hasn’t been modified in transit, the message is encrypted and only the Hash is stored on chain so completely private, provides immutability as it was signed by the user’s private key which only they have and is stored on the blockchain for high availability and secure so that it can’t be modified, with the ability to refer back to it at any point in time. Despite Overledger being a very secure platform, with the team having a very strong security background such as Gilbert who was chief security information officer for Vocalink (Bank of England) managing £6 trillion of payments every year and classified as national critical security (highest level you can get), ultimately you don’t need to trust Overledger. Transactions are signed and encrypted at client side, so Overledger has no way of being able to see the contents. It can’t modify any transaction as the digital signature which includes a hash of the transaction would be different so would get rejected. Transaction security isn’t reduced as it is signed at source using however many nodes the source blockchain has rather than a smaller amount of nodes with an interoperability blockchain in the middle. PatentsThe core code of Overledger is closed source and patented, one of the recent patents can be seen here, along with TrustTag and further ones are being filed. The Overledger SDK is open source and is available in Java and Javascript currently, with plans to support Pyhton and Ruby in the near future. Java and Javascript are the most popular programming languages used today.The Blockchain connectors are also open source and this allows the community to create connectors to connect their favourite blockchain so that it can benefit from blockchain interoperability and making it available to all enterprises / developers currently utilising Overledger. Creating is currently taking around a week to implement and so far, have been added based upon client demand. Multi Chain Applications (MAPPs)Multi Chain Applications (MAPPs) enable an application to use multiple blockchains and interoperate between them. Treaty Contracts enable a developer to build a MAPP and then change the underlying blockchain it uses with just a quick change of couple of lines of code. This is vital for enterprises as it’s still early days in Blockchian and we don’t know which are going to be the best blockchain in the future. Overledger easily integrates into existing applications using the Overledger SDK by just adding 3 lines of code. They don’t need to completely rewrite the application like you do with the majority of other projects and all existing java / javascript apps on Windows / Mobile app stores / business applications etc can easily integrate with overledger with minimal changes in just 8 minutes.Treaty ContractsWhat Overledger will allow with Treaty contracts is to use popular programming languages such as Java and create a smart contract in Overledger that interacts with all of the connected blockchains. Even providing Smart contract functionality to blockchains that don’t support them such as Bitcoin. This means that developers don’t have to create all the smart contracts on each blockchain in all the different programming languages but instead just create them in Overledger using languages such as Java that are widely used today. If they need to use a different blockchain then it can be as easy as changing a line of code rather than having to completely rewrite the smart contracts.Overledger isn’t a blockchain though, so how can it trusted with the smart contract? A Hash of the smart contract is published on any blockchain the MAPP developer requires and when called the smart contract is run its run through a hashing function to check that it matches the Hash value stored on the blockchain, ensuring that it has not been modified. By running the Smart contract off chain this also increases Scalability enormously. With a blockchain all nodes have to run the smart contract one after another rather than in parallel. Not only do you get the performance benefit of not having to run the code against every single node but you can also run them in parallel to others executing smart contracts. You can read more about Treaty Contracts here The different versions of OverledgerEnterprise versionThe current live version is the Enterprise version as that is where most of the adoption is taking place in blockchain due to permissioned blockchains being preferred until permissionless blockchains resolve the scalability, privacy and regulatory issues. Please see this article which goes into more details about Entereprise blockchain / adoption. The Enterprise version connects to permissioned blockchains as well as additional features / support suited for Enterprises.Community versionThe community version is due to be released later this year which will allow developers to benefit from creating MAPPs across permissionless blockchains. Developers can publish their MAPPs on the MAPP Store to create additional revenue streams for developers.Where does Overledger run from? Is it Centralised?Overledger can run from anywhere. The community version will have instances across multiple public clouds, Enterprises / developers may prefer to host the infrastructure themselves within a consortium which they can and are doing. For example SIA is the leading private Financial Network provider in Europe, it provides a dedicated high speed network which connects all the major banks, central banks, trading venues etc. SIA host Overledger within their private network so that all of those clients can access it in the confinement of their heavily regulated, secure, fast network. AUCloud / UKCLoud host Overledger in their environment to offer as a service to their clients which consist of Governments and critical national infrastructure.For Blockchain nodes that interact with Overledger the choice is entirely up to the developer. Each member within a consortium may choose to host a node, some developers may prefer to use 3rd party hosting providers such as Infura, or Quant can also host them if they prefer, its entirely their choice. Overledger allows for higher levels of decentralisation by storing the output across multiple blockchains so you not only benefit from the decentralisation of one blockchain but the combination of all of them. Ultimately though decentralisation is thrown around too much without many actually understanding what it means. It’s impossible to have complete decentralisation, when you sign a transaction to be added to a blockchain ultimately you still connect through a single ISP, connect through a single router, or the input into a transaction is done through a piece of software etc. What matters to be decentralised is where trust is involved. As i have mentioned before you don’t need to trust the OS, it’s just providing instructions on how to interact with the blockchains, the end user is signing the transactions / encrypting at client side. Nothing can be seen or modified with the OS. Even if somehow the transaction did get modified then it would get rejected when consensus is done as the hash / digital signature won’t match at the destination blockchain. Where the transaction actually gets put onto the blockchain is where decentralisation matters, because thats what needs to be trusted and conensus is reached and Overledger enables this to be written across multiple blockchains at the same time. The TeamThe team are very well connected with a wealth of experience at very senior roles at Global enterprises which I will include a few examples below. Gilbert Verdian the CEO was the Head of security for the payment infrastructure for the Bank of England through his CISO role with Vocalink (Mastercard)managing £6 trillion every year. This is treated by the government as critical national infrastructure which is the highest level of criticallity because its so fundamental to the security of the country. They have experience and know what it takes to run a secure financial infrastructure and meeting requirements of regulators. Gilbert was director for Cybersecurity at PWC, Security for HSBC and Ernst & Young as well as various government roles such as the CISO for the Australian NSW Health, Head of Security at the UK government for Ministry of Justice and HM Treasury in addition to being part of the committee for the European Commission, US Federal Reserve and the Bank of England.Cecilia Harvey is the Chief Operating Officer, where she was previously a Director at HSBC in Global Banking and Markets and before that Director at Vocalink. Cecilia was also Chief Operating Officer at Citi for Markets and Securities Services Technology as well as working for Barclays, Accenture, IBM and Morgan Stanley. Vijay Verma is the Overledger platform lead with over 15 years of developer experience in latest technologies like Java, Scala, Blockchain & enterprise technology solutions. Over the course of his career, he has worked for a number of prestigious organisations including J&J, Deutsche, HSBC, BNP Paribas, UBS Banks, HMRC and Network Rail. Guy Dietrich, the managing director of Rockefeller Capital (manages $19 Billion in assets) has joined the board of Quant Network, and has recently personally attended meetings with the Financial Conduct Authority (FCA) with Gilbert https://preview.redd.it/1x25xg78efl31.png?width=566&format=png&auto=webp&s=abea981ff40355eed2d0e3be1ca414c5b1b8573c As well as advisors such as Paolo Tasca, the founder and Executive Director of the Centre for Blockchain Technologies (UCL CBT) at University College Londonfounder and executive director as well as Chris Adelsbach, Managing Director at Techstars, the worldwide network that helps entrepreneurs succeed. Techstars has partners such as Amazon, Barclays, Boeing, Ford, Google, Honda, IBM, Microsoft, PWC, Sony, Target, Total, Verizon, Western Union etc. Due to client demand they are expanding to the US to setup a similar size office where board members such as Guy Dietrich will be extremely valuable in assisting with the expansion. https://twitter.com/gverdian/status/1151549142235340800 The most exciting part about the project though is just how much adoption there has been of the platform, from huge global enterprises, governments and cloud providers they are on track for a revenue of $10 million in their first year. I will go through these in the next article, followed by further article explaining how the Token and Treasury works. You can also find out more info about Quant at the following: Part One — Blockchain Fundamentals Part Two — The Layers Of Overledger Part Three — TrustTag and the Tokenisation of data Part Four — Features Overledger provides to MAPPs Part Five — Creating the Standards for Interoperability Part Six — The Team behind Overledger and Partners Part Seven — The QNT Token Part Eight — Enabling Enterprise Mass Adoption Quant Network Enabling Mass Adoption of Blockchain at a Rapid Pace Quant Network Partner with SIA, A Game Changer for Mass Blockchain Adoption by Financial Institutions |
| | Overledger is the world’s first blockchain operating system (OS) that not only inter-connects blockchains but also existing enterprise platforms, applications and networks to blockchain and facilitates the creation of internet scale multi-chain applications otherwise known as mApps. submitted by xSeq22x to CryptoCurrency [link] [comments] In less than 10 months since launching Overledger they have provided interoperability with the full range of DLT technologies from all the leading Enterprise Permissioned blockchains such as Hyperledger, R3’s Corda, JP Morgan’s Quorum, permissioned variants of Ethereum and Ripple (XRPL) as well as the leading Public Permissionless blockchains / DAGs such as Bitcoin, Stellar, Ethereum, IOTA and EOS as well as the most recent blockchain to get added Binance Chain. In addition, Overledger also connects to Existing Networks / Off Chain / Oracle functionality and it does all of this in a way that is hugely scalable, without imposing restrictions / requiring blockchains to fork their code and can easily integrate into existing applications / networks by just adding 3 lines of code. https://preview.redd.it/30jclqe3wel31.png?width=1920&format=png&auto=webp&s=2bcce5d296c3a287dccdd28b72877ca9e03a5f31 What is a blockchain Operating system?You will be familiar with Operating systems such as Microsoft Windows, Apple Mac OS, Google’s Android etc but these are all Hardware based Operating Systems. Hardware based Operating Systems provide a platform to build and use applications that abstracts all of the complexities involved with integrating with all the hardware resources such as CPU, Memory, Storage, Mouse, Keyboard, Video etc so software can easily integrate with it. It provides interoperability between the Hardware devices and Software.Overledger is a Blockchain Operating System, it provides a platform to build and use applications that abstracts all of the complexities involved with integrating with all the different blockchains, different OP_Codes being used, messaging formats etc as well as connecting to existing non-blockchain networks. It provides interoperability between Blockchains, Existing Networks and Software / MAPPs How is Overledger different to other interoperability projects?Other projects are trying to achieve interoperability by adding another blockchain on top of existing blockchains. This adds a lot of overhead, complexity, and technical risk. There are a few variants but essentially they either need to create custom connectors for each connected blockchain and / or require connected chains to fork their code to enable interoperability. An example of the process can be seen below:User sends transaction to a multi sig contract on Blockchain A, wait for consensus to be reached on Blockchain A A custom connector consisting of Off Chain Relay Nodes are monitoring transactions sent to the smart contract on Blockchain A. Once they see the transaction, they then sign a transaction on the Interoperability blockchain as proof the event has happened on Blockchain A. Wait for consensus to be reached on the Interoperability Blockchain. The DAPP running on the Interoperability Blockchain is then updated with the info about the transaction occurring on Blockchain A and then signs a transaction on the Interoperability blockchain to a multi sig contract on the Interoperability Blockchain. Wait for consensus to be reached on the interoperability Blockchain. A different custom connector consisting of Off Chain Relay Nodes are monitoring transactions sent to the Smart Contract on the Interoperability Blockchain which are destined for Blockchain B. Once they see the transaction, they sign a transaction on Blockchain B. Wait for consensus to be reached on Blockchain B. https://preview.redd.it/2apm3pb5wel31.png?width=1558&format=png&auto=webp&s=7027514706d7b12690b1be8f4f4af7cfc9c43354 Other solutions require every connecting blockchain to fork their code and implement their Interoperability protocol. This means the same type of connector can be used instead of a custom one for every blockchain however every connected blockchain has to fork their code to implement the protocol. This enforces a lot of restrictions on what the connected blockchains can implement going forward. https://preview.redd.it/4axzxx57wel31.png?width=1561&format=png&auto=webp&s=a8c3de8468ef9b67bc1db75cffbef81ef8c0aa70 Some problems with these methods:
But some Interoperability blockchains say they are infinitely scalable?If the interoperability blockchain is limited to say 200 tps then the idea is to just have multiple instances of the blockchain and run them in parallel, so you benefit from the aggregated tps, but just how feasible is that? Lets say you want to connect Corda (capable of 2000+ tps) to Hyperledger (capable of up to 20,000 tps with recent upgrade). (Permissioned blockchains such as Hyperledger and Corda aren’t one big blockchain like say Bitcoin or Ethereum, they have separate instances for each consortium and each is capable of those speeds). So even when you have just 1 DAPP from one consortium that wants to connect Corda to Hyperledger and use 2000 tps for their DAPP, you would need 100 instances of the Interoperability blockchain, each with their own validators (which maybe 100–200 nodes each). So, 1 DAPP would need to cover the costs for 100 instances of the blockchain and running costs for 10,000 nodes…This is just one DAPP connected to one instance of a two permissioned blockchains, which are still in the early stages. Other blockchains such as Red Belly Blockchain can achieve 440,000 tps, and this will surely increase as the technology matures. There is also the added complexity of then aggregating the results / co-coordinating between the different instances of the blockchain. Then there are the environmental concerns, the power required for all of these instances / nodes is not sustainable. https://preview.redd.it/myjx8t29wel31.png?width=1070&format=png&auto=webp&s=550ac862c3c5b46df8ed42cf37282cad0a960819 It’s not just transactions per second of the blockchain as well, its the latency of all these added consensuses along the path to reach to the destination and not knowing whether the security of each of the hops is sufficient and can be trusted. To see examples of how this potential issue as well as others effect Cosmos you can see my article here. I recommend also reading a blog done by the CEO of Quant, Gilbert Verdian, which explains how Overledger differs here as well as detailed in the whitepaper here. https://preview.redd.it/m9036lzfwel31.png?width=1169&format=png&auto=webp&s=50e54198a97106b3921f79ca928f7e808a5529d7 Overledger’s approachIn 1973 Vint Cerf invented the protocol that rules them all: TCP/IP. Most people have never heard of it. But it describes the fundamental architecture of the internet, and it made possible Wi-Fi, Ethernet, LANs, the World Wide Web, e-mail, FTP, 3G/4G — as well as all of the inventions built upon those inventions.***Wired: So from the beginning, people, including yourself, had a vision of where the internet was going to go. Are you surprised, though, that at this point the IP protocol seems to beat almost anything it comes up against?***Cerf: I’m not surprised at all because we designed it to do that.This was very conscious. Something we did right at the very beginning, when we were writing the specifications, we wanted to make this a future-proof protocol. And so the tactic that we used to achieve that was to say that the protocol did not know how — the packets of the internet protocol layer didn’t know how they were being carried. And they didn’t care whether it was a satellite link or mobile radio link or an optical fiber or something else.We were very, very careful to isolate that protocol layer from any detailed knowledge of how it was being carried. Plainly, the software had to know how to inject it into a radio link, or inject it into an optical fiber, or inject it into a satellite connection. But the basic protocol didn’t know how that worked.And the other thing that we did was to make sure that the network didn’t know what the packets had in them. We didn’t encrypt them to prevent it from knowing — we just didn’t make it have to know anything. It’s just a bag of bits as far as the net was concerned.We were very successful in these two design features, because every time a new kind of communications technology came along, like frame relay or asynchronous transfer mode or passive optical networking or mobile radio‚ all of these different ways of communicating could carry internet packets.We would hear people saying, ‘The internet will be replaced by X25,’ or ‘The internet will be replaced by frame relay,’ or ‘The internet will be replaced by APM,’ or ‘The internet will be replaced by add-and-drop multiplexers.’Of course, the answer is, ‘No, it won’t.’ It just runs on top of everything. And that was by design. I’m actually very proud of the fact that we thought of that and carefully designed that capability into the system.This is the approach Quant have taken with their Blockchain OS, Overledger to solve Blockchain interoperability. Compared to other Interoperability platforms that are trying to achieve interoperability at the transaction layer by connecting two blockchains via another blockchain, these will be ultimately be made redundant once faster methods are released. Overledger is designed to be future proof by isolating the layers so it doesn’t matter whether it’s a permissioned blockchain, permissionless, DAG, Legacy network, POW, POS etc because it abstracts the transaction layer from the messaging layer and runs on top of blockchains. Just as the Internet wasn’t replaced by X25, frame relay, APM etc, Overledger is designed to be future proof as it just runs on top of the Blockchains rather than being a blockchain itself. So, if a new blockchain technology comes out that is capable of 100,000 TPS then it can easily be integrated as Overledger just runs on top of it. Likewise, with protocols such as HTTPS, SSH etc these will also emerge for blockchains such as ZK-Snarks and other privacy implementations as well as other features made available, all will be compatible with Overledger as its just sitting on top rather than forcing their own implementation for all. It doesn’t require blockchains to fork their code to make it compatible, it doesn’t add the overhead of adding another blockchain with another consensus mechanism (most likely multiple as it has to go through many hops). All of this adds a lot of latency and restrictions which isn’t needed. The developer can just choose which blockchains they want to connect and use the consensus mechanisms of those blockchains rather than forced to use one. Overledger can provide truly internet scale to meet whatever the demands may be, whether that be connecting multiple red belly blockchains together with 440,000 tps it doesn’t matter as it doesn’t add its consensus mechanism and uses proven internet scale technology such as that based on Kubernetes, which is where each task is split up into a self-contained container and each task is scaled out by deploying more to meet demand. Kubernetes is what runs Google Search engine where they scale up and down billions of containers every week. Due to this being more of a summary, I strongly recommend you read this article which goes into detail about the different layers in Overledger. https://preview.redd.it/6x7tjq9jwel31.png?width=1126&format=png&auto=webp&s=52ac5b9ebb45908ef6070d2eed6d107d380da1df But how does it provide the security of a blockchain if it doesn’t add its own blockchain?This is often misunderstood by people. Overledger is not a blockchain however it still uses a blockchain for security, immutability, traceability etc, just rather than force people to use their own blockchain, it utilises the source and destination blockchains instead. The key thing to understand is the use of its patented technology TrustTag, which was made freely available to anyone with the Overledger SDK.Please see this article which explains TrustTag in detail with examples showing how hashing / digital signatures work etc A quick overview is if i want to send data from one blockchain to another the Overledger SDK using Trusttag will put the data through a hashing algorithm. The Hash is then included in digital signature as part of the transaction which is signed by the user’s private key and then validated through normal consensus and stored as metadata on the source blockchain. The message is then sent to the MAPP off chain. The MAPP periodically scans the blockchains and puts the received message through a hashing algorithm and compares the Hash to the one stored as metadata on the blockchain. This ensures that the message hasn’t been modified in transit, the message is encrypted and only the Hash is stored on chain so completely private, provides immutability as it was signed by the user’s private key which only they have and is stored on the blockchain for high availability and secure so that it can’t be modified, with the ability to refer back to it at any point in time. Despite Overledger being a very secure platform, with the team having a very strong security background such as Gilbert who was chief security information officer for Vocalink (Bank of England) managing £6 trillion of payments every year and classified as national critical security (highest level you can get), ultimately you don’t need to trust Overledger. Transactions are signed and encrypted at client side, so Overledger has no way of being able to see the contents. It can’t modify any transaction as the digital signature which includes a hash of the transaction would be different so would get rejected. Transaction security isn’t reduced as it is signed at source using however many nodes the source blockchain has rather than a smaller amount of nodes with an interoperability blockchain in the middle. PatentsThe core code of Overledger is closed source and patented, one of the recent patents can be seen here, along with TrustTag and further ones are being filed. The Overledger SDK is open source and is available in Java and Javascript currently, with plans to support Pyhton and Ruby in the near future. Java and Javascript are the most popular programming languages used today.The Blockchain connectors are also open source and this allows the community to create connectors to connect their favourite blockchain so that it can benefit from blockchain interoperability and making it available to all enterprises / developers currently utilising Overledger. Creating is currently taking around a week to implement and so far, have been added based upon client demand. Multi Chain Applications (MAPPs)Multi Chain Applications (MAPPs) enable an application to use multiple blockchains and interoperate between them. Treaty Contracts enable a developer to build a MAPP and then change the underlying blockchain it uses with just a quick change of couple of lines of code. This is vital for enterprises as it’s still early days in Blockchian and we don’t know which are going to be the best blockchain in the future. Overledger easily integrates into existing applications using the Overledger SDK by just adding 3 lines of code. They don’t need to completely rewrite the application like you do with the majority of other projects and all existing java / javascript apps on Windows / Mobile app stores / business applications etc can easily integrate with overledger with minimal changes in just 8 minutes.Treaty ContractsWhat Overledger will allow with Treaty contracts is to use popular programming languages such as Java and create a smart contract in Overledger that interacts with all of the connected blockchains. Even providing Smart contract functionality to blockchains that don’t support them such as Bitcoin. This means that developers don’t have to create all the smart contracts on each blockchain in all the different programming languages but instead just create them in Overledger using languages such as Java that are widely used today. If they need to use a different blockchain then it can be as easy as changing a line of code rather than having to completely rewrite the smart contracts.Overledger isn’t a blockchain though, so how can it trusted with the smart contract? A Hash of the smart contract is published on any blockchain the MAPP developer requires and when called the smart contract is run its run through a hashing function to check that it matches the Hash value stored on the blockchain, ensuring that it has not been modified. By running the Smart contract off chain this also increases Scalability enormously. With a blockchain all nodes have to run the smart contract one after another rather than in parallel. Not only do you get the performance benefit of not having to run the code against every single node but you can also run them in parallel to others executing smart contracts. You can read more about Treaty Contracts here The different versions of OverledgerEnterprise versionThe current live version is the Enterprise version as that is where most of the adoption is taking place in blockchain due to permissioned blockchains being preferred until permissionless blockchains resolve the scalability, privacy and regulatory issues. Please see this article which goes into more details about Entereprise blockchain / adoption. The Enterprise version connects to permissioned blockchains as well as additional features / support suited for Enterprises.Community versionThe community version is due to be released later this year which will allow developers to benefit from creating MAPPs across permissionless blockchains. Developers can publish their MAPPs on the MAPP Store to create additional revenue streams for developers.Where does Overledger run from? Is it Centralised?Overledger can run from anywhere. The community version will have instances across multiple public clouds, Enterprises / developers may prefer to host the infrastructure themselves within a consortium which they can and are doing. For example SIA is the leading private Financial Network provider in Europe, it provides a dedicated high speed network which connects all the major banks, central banks, trading venues etc. SIA host Overledger within their private network so that all of those clients can access it in the confinement of their heavily regulated, secure, fast network. AUCloud / UKCLoud host Overledger in their environment to offer as a service to their clients which consist of Governments and critical national infrastructure.For Blockchain nodes that interact with Overledger the choice is entirely up to the developer. Each member within a consortium may choose to host a node, some developers may prefer to use 3rd party hosting providers such as Infura, or Quant can also host them if they prefer, its entirely their choice. Overledger allows for higher levels of decentralisation by storing the output across multiple blockchains so you not only benefit from the decentralisation of one blockchain but the combination of all of them. Ultimately though decentralisation is thrown around too much without many actually understanding what it means. It’s impossible to have complete decentralisation, when you sign a transaction to be added to a blockchain ultimately you still connect through a single ISP, connect through a single router, or the input into a transaction is done through a piece of software etc. What matters to be decentralised is where trust is involved. As i have mentioned before you don’t need to trust the OS, it’s just providing instructions on how to interact with the blockchains, the end user is signing the transactions / encrypting at client side. Nothing can be seen or modified with the OS. Even if somehow the transaction did get modified then it would get rejected when consensus is done as the hash / digital signature won’t match at the destination blockchain. Where the transaction actually gets put onto the blockchain is where decentralisation matters, because thats what needs to be trusted and conensus is reached and Overledger enables this to be written across multiple blockchains at the same time. The TeamThe team are very well connected with a wealth of experience at very senior roles at Global enterprises which I will include a few examples below. Gilbert Verdian the CEO was the Head of security for the payment infrastructure for the Bank of England through his CISO role with Vocalink (Mastercard)managing £6 trillion every year. This is treated by the government as critical national infrastructure which is the highest level of criticallity because its so fundamental to the security of the country. They have experience and know what it takes to run a secure financial infrastructure and meeting requirements of regulators. Gilbert was director for Cybersecurity at PWC, Security for HSBC and Ernst & Young as well as various government roles such as the CISO for the Australian NSW Health, Head of Security at the UK government for Ministry of Justice and HM Treasury in addition to being part of the committee for the European Commission, US Federal Reserve and the Bank of England.Cecilia Harvey is the Chief Operating Officer, where she was previously a Director at HSBC in Global Banking and Markets and before that Director at Vocalink. Cecilia was also Chief Operating Officer at Citi for Markets and Securities Services Technology as well as working for Barclays, Accenture, IBM and Morgan Stanley. Vijay Verma is the Overledger platform lead with over 15 years of developer experience in latest technologies like Java, Scala, Blockchain & enterprise technology solutions. Over the course of his career, he has worked for a number of prestigious organisations including J&J, Deutsche, HSBC, BNP Paribas, UBS Banks, HMRC and Network Rail. Guy Dietrich, the managing director of Rockefeller Capital (manages $19 Billion in assets) has joined the board of Quant Network, and has recently personally attended meetings with the Financial Conduct Authority (FCA) with Gilbert https://preview.redd.it/wj5ubgv4efl31.png?width=566&format=png&auto=webp&s=2c0cb650f6aceae3d133beefdac04ba0aeea63f6 As well as advisors such as Paolo Tasca, the founder and Executive Director of the Centre for Blockchain Technologies (UCL CBT) at University College Londonfounder and executive director as well as Chris Adelsbach, Managing Director at Techstars, the worldwide network that helps entrepreneurs succeed. Techstars has partners such as Amazon, Barclays, Boeing, Ford, Google, Honda, IBM, Microsoft, PWC, Sony, Target, Total, Verizon, Western Union etc. Due to client demand they are expanding to the US to setup a similar size office where board members such as Guy Dietrich will be extremely valuable in assisting with the expansion. https://preview.redd.it/7zlrragqffl31.png?width=578&format=png&auto=webp&s=36980e86da6d050f086eb2171f679ac1716f97dc The most exciting part about the project though is just how much adoption there has been of the platform, from huge global enterprises, governments and cloud providers they are on track for a revenue of $10 million in their first year. I will go through these in the next article, followed by further article explaining how the Token and Treasury works. You can also find out more info about Quant at the following: Part One — Blockchain Fundamentals Part Two — The Layers Of Overledger Part Three — TrustTag and the Tokenisation of data Part Four — Features Overledger provides to MAPPs Part Five — Creating the Standards for Interoperability Part Six — The Team behind Overledger and Partners Part Seven — The QNT Token Part Eight — Enabling Enterprise Mass Adoption Quant Network Enabling Mass Adoption of Blockchain at a Rapid Pace Quant Network Partner with SIA, A Game Changer for Mass Blockchain Adoption by Financial Institutions |
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In this video, I walk you through how to use Binance to exchange cryptocurrencies such as bitcoin, ethereum, and litecoin. Try out Binance here: https://goo.gl/41vBa2 Get A Discount On Bluehost ... Apple Mac Mini (3.0GHz 6-core Intel Core i5 Processor, 256GB) BUY LINK : https://amzn.to/2J4pppY Apple iMac (27-inch Retina 5K Display, 3.5GHz Quad-core Intel Core i5, 8GB RAM, 1TB) This is a short demo of Cryptotable. A cryptocurrency portfolio manager for Mac OS. https://cryptotable.co. We are using Binance Desktop Application to speed up the buy or sell order . its take arround 1 second . Links : https://ftp.binance.com/pc_pack/Binance.exe (:-Digital_mac-: ) (Digital_Mac) Is Not Own Any Listed Program. The Information Provided Here Is For Our Own Use And Doesn’t That Guarantee Success Not Mean Advice To Invest.