25 August

“The demo scenario imagines using a smart contract on mainnet that matches buyers and sellers of raw materials. Doing this in smart contracts on mainnet means that no central party needs to be in control of the process, and no central party needs to have the power to shut the smart contract down. The smart contracts can be deployed and left to run autonomously.

Mainnet has lots of potential overlap with the permissioned chain use-cases, but without the side effect of generating silos. The limitation of mainnet in this context is privacy.

There is an open source project that seeks to allow enterprises to collaborate over mainnet without revealing sensitive information. It is called the Baseline Protocol. Founding members include Microsoft, AMD and Ernst & Young.”

“The Boston Fed announced earlier this month it was actively testing a digital dollar – a tokenized version of the U.S. dollar – with the Massachusetts Institute of Technology’s Digital Currency Initiative. The collaboration builds on previous research efforts, and is intended to establish how a digital dollar might complement the existing greenback.

As the work proceeds, the researchers hope to answer questions about scalability, throughput, privacy, resiliency and resistance to cyber attacks.

What we’re doing now really is much more thorough, much more building a platform to see whether distributed ledger can meet the needs of a U.S.-based central bank digital currency.

I would think we’re probably looking at 30 to 40 different either open source or private solutions at a very high level first, and then doing a deeper dive into a few of them.

The goal is to publish joint research over the next two years. These are questions that may take years to resolve. Cunha said he does not expect to see anything come to production within the next two or three years.

“FTX announced Monday a futures index for the top 100 liquidity pools on Uniswap. The futures index allows traders to use a traditional cryptocurrency exchange to access markets native to the new decentralized trading platform, while using leverage.

We’ve seen large demand from customers to get exposure to a broad base of DeFi products.”

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“Egorov, who in the hours since holds about 60% of the voting power as the community edges him out, has full control over the outcome of any proposals submitted to the DAO.

The move appears to be an overreaction to Yearn.finance attaining close to 58% of the voting power. The Curve team is optimistic that the balance of power will even out in the days ahead.

Terribly sorry. Let’s fix that. I mean, I can abstain from voting but better to fix it in a proper way.

Right now, looks like everyone else [is trying] to add some more voting power. Which is… the eventual intent.”

“The report’s key findings are that most CBDCs originate in innovative countries, and all of these initiatives seek to offer a digital complement to cash rather than a direct replacement to it. In addition, proofs-of-concept are more often than not based on distributed ledger technology, further indicating the modernization of CBDCs.

The report also found that most central banks are considering “Hybrid” setups, where CBDCs make a direct claim on a central bank, but customer-facing activity is dealt with in the private sector.”

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“Huawei has set up a blockchain-based platform for the Beijing government to better track and manage its citizens’ data in everything from medical records and property registration to real-time vehicle parking status.

The Beijing government project is part of China’s “New Infrastructure Initiative” to transform digital governance with blockchain so data can be immutable and shared among different government agencies.”

“An Ottawa-based graphics software firm, Snappa, announced Monday its decision to move a significant amount of its cash reserves into bitcoin, citing concerns of inflation and global economic uncertainty.

I believe we now have a far superior savings technology available to us.”

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“The tech branch of Moscow’s city hall plans to broadcast on the internet videos from cameras in public spaces and may also sell those videos to third parties.

Video from the cameras will be accumulated on a central server, and there will be an option to provide access to the data for purchase, according to documents. Journalists found similar terms in other contracts for surveillance cameras already operating in Moscow.

Russian publication MBK Media wrote in December that access to footage from Moscow street cameras was on sale on the dark market, with an option to get access to individual cameras or to the entire system.”

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“VeChain said the tool provides immutable proof of a green supply chain and can cover different stages of manufacturing. It can also store information on recycling, processing, reusing and inspection, allowing brands to trace original sources of goods and raw materials.

Research from the World Economic Forum showed companies face higher risks as demands grow for transparency on sustainable activities as well as the direct impact of climate change.”

“Apple, particularly its App Store, has been under fire lately for unfair terms it gives to app developers and publishers.

Apple has been very restrictive and hostile to cryptocurrency over the years. They’re still blocking some functionality right now, including the ability to earn money with cryptocurrency by completing tasks, and unrestricted dapp browsers.”

“If Lerner’s conclusions are correct that would lend more credence to the hypothesis that Satoshi Nakamoto was a single person and not a team. This would also put another nail into Craig Wright’s claims of being a Bitcoin creator as he has indicated numerous times that he used dozens of computers to mine the early blocks.

This contradicts a theory that Patoshi deployed the first mining farm of 50 independent computers (or any other highly decoupled system) and supports the theory that Patoshi was simply multi-threading in a high-end CPU.”

“TrustNodes reported on Aug. 21 it was likely because of an increased chance of a “no deal” Brexit between the European Union and the U.K.

This does not involve any relocation or change in operations, staff or offices.”