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Chin up boys and girls – the DApps (Decentralized Apps) are finally coming. Utility, not speculation/manipulation/shilling etc., is what, in the end, will give/justify the value of blockchains.
Of the top 100 tokens, 91 of them are on the Ethereum blockchain (ERC-20). The most valuable non-Ethereum tokens by market cap are USDT (4) and GAS (25). Eventually, ICX (6), VeChain (3) and EOS (1) and several others will be migrating to their own blockchains. Still, this leaves Ethereum with an overwhelming market dominance for tokens (aka DApps) and Ethereum has been clearly recognized as the blockchain to launch ICOs/DApps.
For the rest of March + Q2 (April - June) we are going see the biggest implementation of DApps on the Ethereum mainnet to date. Below I’ve laid out, in alphabetical order and in varying detail, what’s happening between now and the end of Q2 of this year. (I’ve also added some info, where especially relevant, of big stuff coming after Q2). I hope any biases I may have do not come through too much in the writing.
To hammer home on utility once more: One year ago today, the daily transaction count was at 57,000. Yesterday, the network confirmed over 752,000 transactions (a 13x increase) (And remember, ATH in January was 1.349 million txns!) [Source]
AirSwap is a decentralized exchange for trading Ethereum based tokens. It allows its users to trade tokens in a peer-to-peer fashion across the Ethereum blockchain. The token trader is currently live, in a limited capacity, trading AST and (W)ETH.
More token pairs will be added before the end of the Q1, as part of the upcoming release, Token Marketplace. A mobile app is also in development and will be entering beta soon.
Aragon is a project that aims to disintermediate the creation and maintenance of decentralized organizational structures by using blockchain technology. "We provide the tools for anyone to become an entrepreneur and run their own organization, to take control of their own lives." Originally slated for a February release, Aragon Core v0.5 (which is a fully functioning version of the DApp on mainnet) should be released any day now.
Augur is a fully-decentralized, open-source prediction market platform built on the Ethereum blockchain for any and all predictive markets. Augur Beta is currently live on Kovan testnet and launch is “months away.”
In order to mitigate bugs and problems, the first market on mainnet will be something along the lines of 'Will there be a critical vulnerability discovered in Augur by a certain date?” Given Augur’s development history, this could be launching a little after Q2, but the progress looks promising.
UPDATE (3/7/18): Contract audits are complete and the full audit report of augur-core will be released next week. "Some work still being down on UI, Augur Node, and additional screens." Next step is the bug bounty (first prediction market on Augur).
UPDATE (3/12/18): Core security audit report is released following a four-month long audit by Zeppelin. Augur's contracts are ready to ship and "over the coming weeks we plan to release more details around a bug bounty program and market."
BlockCAT lets anyone create, manage, and deploy smart contracts on the Ethereum blockchain with just a few clicks. No programming required. BlockCAT will be releasing their first visual smart contract on the mainnet on March 14 (the full details of exactly what this contract does, will also be released when it goes live.)
UPDATE (3/14/18): BlockCAT's first visual smart contract, Tabby Pay, has been released on mainnet. Tabby Pay is a smart contract that’s built to prevent user error - if you send Ether to the wrong wallet, you can cancel the payment and your Ether will be returned.
Digix is a DAO (Distributed Autonomous Organization) and is composed of two main parts: DGD and DGX, both of which are ERC-20 tokens.
DGD is a governance token that allows holders to vote on proposals that are submitted for the growth of the Digix ecosystem and offers rewards to holders on the basis of their successful contribution to the Digix Ecosystem.
DGX is a gold-backed token and is slated for a public market release by end of Q1 2018. DGX is backed by physical gold on a basis of 1 token to 1 gram of gold. "DGX represents value on the blockchain that can be retained over time with relatively little volatility; giving it greater utility than Ether for a wide range of use-cases. Retail, Rentals, Salaries, Commerce, Lending, Wealth Management."
UPDATE (3/13/18): DGX will be launching on mainnet this week and Digix will be partnering with Kyber Network to be the first decentralized exchange to offer their asset tokens (like DGX) against ETH at launch.
UPDATE (3/23/18): The first couple thousand DGX have been created on mainnet and the marketplace opens on April 8. Prior to that, the KYC Whitelist will open on March 26
Ethorse is a DApp for betting on the price of Cryptocurrencies and winning ETH from everyone who bets against you. Users bet with ETH on one of the listed coins or tokens to have the highest price gain in a fixed period. Currently live on the Kovan testnet, with mainnet launch before end of Q2.
UPDATE (3/22/18): Ethorse has launched a bug bounty to stress test the security of its smart contracts and they are estimating the DApp to go live on mainnet no later than mid-April
FunFair is a decentralised gaming technology platform which uses the Ethereum blockchain, smart contracts and their own Fate (State) Channels to deliver casino solutions with games that are “fun, fast and fair.” FunFair has been on testnet for many months now and the Showcase has been live for even longer. Currently on-boarding casino operators, FunFair is on schedule to launch with its first operator in early Q2.
FundRequest is a decentralized marketplace for open source collaboration. It introduces an easy and secure way to reward bugfixes and feature builds on any project. The FundRequest platform will be going live on mainnet in Q1-Q2 and will allow users to fund and crowdfund open source issues on GitHub using the FND token. Developers can claim the FND token after they’ve successfully resolved the GitHub issue. Q2 will also bring the ability to use any ERC-20 token to fund Open Source Issues on GitHub.
Giveth is an Open-Source Platform for Building Decentralized Altruistic Communities. The first working prototype of their “Minimum Loveable Product,” the Giveth Donation Application, is live on testnet and they “expect to fully open the platform for the public in March 2018.”
Golem has branded itself as “the worldwide supercomputer.” Golem Brass beta will be releasing on the mainnet before end of Q2, allowing users to sell their computing power and earn real GNT for the first time.
iExec is a decentralized cloud computing platform that is blockchain-based. Using a decentralized cloud that connects users to one another it aims to tackle the current limitations of centralized cloud computing that are holding business and innovation back.
Launching in Q2, iExec 2.0 — Cloud Marketplace will include the full marketplace platform network, with the PoCo algorithm (Proof-of-Contribution) enabling the first decentralized cloud.
Kyber network is an on-chain protocol which allows instant exchange and conversion of digital assets and cryptocurrencies with high liquidity. Launched on mainnet in February and was at first only available to people on the ICO whitelist but has since slowly started allowing new user on the platform. Currently only has a few tokens listed but that list will continue to grow and will hopefully bring along with it a surge in daily users/volume.
MakerDao is a decentralized stable coin project that is currently live on mainnet. It is composed of two main parts: MKR and dai (both are ERC-20 tokens).
MKR is a governance token: "MKR holders are the highest authority in the Maker system - they govern the system and benefit financially when they govern it well, but they also have to foot the bill if things are mismanaged - as a group they need strong social cooperation and a vigilant attitude towards governance."
Dai is a decentralized stable coin that is price stabilized against the value of the U.S. Dollar. Dai is used in conjunction with their Oasisdex decentralized exchange, and their CDP (collaterized debt position) margin trading platform to offer "a full solution for global decentralized finance where everyone gets to benefit from the massive economies of scale that become available when global finance is done right."
Currently, dai is only collateralized by Ether but multi-collateral dai will be released in Q2. This means dai will begin to be backed by gold (through DGX) and other ERC-20 tokens. Maker is also looking into collateralizing more traditional investments, like real estate, in the future.
This project can take a little time to understand, so here's a thorough ELIM5 walkthrough.
The Melon protocol is a portal to digital asset management on the blockchain. The frontend operates on top of IPFS, while the backend leverages off a set of Ethereum smart contracts. Melonport just launched on mainnet and they currently have a bug bounty with 500 MLN in it. In a few weeks, the current version will be shut down for fixes and a new version will roll out. Melonport: "Disrupting the US$84.9 trillion asset management industry, one block at a time."
OmiseGo is the Plasma decentralized exchange, hosting an open-source digital wallet platform created by parent company, Omise, connecting mainstream payments, cross-border remittances, and much more. They just had their White Label Wallet SDK public release.
In Q2, OmiseGO will deliver the OmiseGO network and lay the foundations in preparation for Plasma. In Q2 we will see the OmiseGO Proof of Stake public blockchain release, meaning staking will be possible.
(OMG’s cash in/out interface and the Plasma mainnet launch are scheduled for the tail end of 2018/early 2019. Learn more about Plasma from the most cheerful person I know, Karl Floersch, here
Request is a decentralized network that allows anyone to request a payment for which the recipient can pay in a secure way. The first iteration of Request working with Ethereum on mainnet is still on track to launch before March 31. The code for mainnet is currently being audited and when the audits are done, a bug bounty program will follow.
UPDATE (3/16/18): Request is currently undergoing its second smart contract audit, which will be followed by a bug bounty program. Request is still on track to be released on mainnet on/before March 31, 2018.
A cryptoeconomic powered adult entertainment ecosystem built on the Ethereum network. Basically, a decentralized cam site (plus a lot more!) Launching on mainnet in Q2 is SpankChain Camsite v1 which will allow for ETH + ERC20 payments and public and private shows all while implementing a low 5% fee for performers (According to their whitepaper, most adult camsites take between a 30-50% cut of performer earnings on top of payment processing fees).
UPDATE (3/23/18): According to community manager Chase Cole, they are aiming to launch the camsite on April 2.
UPDATE (3/27/18): It's official - beginning April 2, the cam site beta program will give token holders and community members access to the initial closed beta shows.
Streamr tokenises streaming data to enable a new way for machines and people to trade it on a decentralised p2p network. The data marketplace will be coming to mainnet by March 31.
0x is a protocol that facilitates trustless peer-to-peer exchange of ERC20 tokens. 0x protocol is free to use and allows anyone to create a decentralized exchange; we call these relayers. This isn’t a DApp, but allows for the creation of DApps.
A list of some of the DEXs, in varying states of development, that will be utilizing 0x:
Also, an informative article about some of the differences between the various decentralized exchange protocols here. Some general Ethereum news to be excited about:
Vitalik recently hinted, in a since deleted tweet, that the sharding testnet will be coming online in the near future (I think Q2 isn’t too early a guess).
What is sharding? Sharding is where the entire state of the network is split into a bunch of partitions called shards that contain their own independent piece of state and transaction history. In this system, certain nodes would process transactions only for certain shards, allowing the throughput of transactions processed in total across all shards to be much higher than having a single shard do all the work as the mainchain does now. [Source]
What is Casper? Casper FFG aka Vitalik’s Casper is a hybrid POW/POS consensus mechanism. This is the version of Casper that is going to be implemented first. In a Proof of Stake system, validators stake a portion of their Ethers and start validating blocks. Meaning, when they discover a block which they think can be added to the chain, they will validate it by placing a bet on it. [Source]
(To stay up-to-date on Ethereum research development, check out Ethresear.ch)
The Ethereum Community Conference (EthCC) is March 8-10 in Paris. Talks will focus around “scalability, anonymity, development tools, governance compliance” among other topics.
Speakers include representatives from the Ethereum Foundation, Ledger, Metamask, Shapeshift, Oraclize, Uport, Web3Foundation, Melonport, ConsenSys, JP Morgan, Coinbase – Toshi, Parity, SpankChain, FunFair, Aragon, AirSwap, EEA, IExec, Cosmos, OmiseGO, Circle, Gnosis, among others.
UPDATE: EthCC was a resounding success! If you missed it or want to re-watch any of the talks, check out this handy thread of videos, painstakingly culled and timestamped by u/alsomahler.
The Ethereum Developer Conference (EDCON) is May 3-5 in Toronto. This will be the biggest ETH dev conference since DEVCON 3 last November. The agenda is still being worked out, but speakers include representatives from the Ethereum Foundation, Polkadot, Parity, Plasma, OmiseGO, Cosmos, Tendermint, Giveth, Maker, Gnosis, and many others.
5.6 billion requests per day for Infura.io (Decentralized web3 infrastructure)
280,000 downloads of TruffleSuit (ETH development framework) [Source]
ConsenSys has grown to over 600 employees in six major offices located around the world. I personally think ConsenSys is important (and awesome) because they are huge Ethereum evangelists and provide (in)valuable resources to help bring DApps come to life!
From their website: “The ConsenSys “hub” coordinates, incubates, accelerates and spawns “spoke” ventures through development, resource sharing, acquisitions, investments and the formation of joint ventures. These spokes benefit from foundational components built by ConsenSys that enable new services and business models to be built on the blockchain.”
Several of the projects I listed above are ConSensys formations including AirSwap and MetaMask.
Thanks for reading this far! Hopefully it wasn’t too exhausting of a read.
I am certain I have forgotten some DApps, so please feel free to comment/PM any and all suggestions/corrections to make this list more informative/inclusive/accurate and I will update it. TL;DR
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Could anyone with such knowledge oand experience shed some light on this? Current crypto exchanges are centralized and OmiseGo is a completely different animal, actually transmitting the value for each transaction, real-time. Right now, I can’t wrap my head around this, and I hope we can help each other :) Q3) Won’t users of less available/popular currency suffer? Here is a scenario I have in my mind: Let’s say you live in Kenya and receive Kenyan shillings for your salary. You go online and try to buy some stuff with KSH, and the online store you use often just started using OmiseGo network. But the KSH demand on the network is so low that you see you pay almost double of what you used to pay. What flaws does my scenario have? How can this be solved? With questions on the board, let me share 2 concerns I have for OmiseGo C1) No activity on GitHub I go on their GitHub, and there is near zero activity. I know they have recently released Plasma MVP, and that they are going through closed beta for the SDK. Is that why they don’t share any of their software development on GitHub? Will February open beta release come with lots of open source codes? I am not familiar with how software open source/ open beta work, so this might be a dumb question. If you have some background in software development, please shed some light on this! (I actually wrote a semi-long answer to someone else’s post on same concern (“Where is the development update from omisego team”). It’s kinda ironic that I am bringing up this concern now, but I want to hear your thoughts and broaden my perspective anyway. C2) Amazon and other big stores coming together to create their own coin I am not worried about other cryptos that advertise as ‘the coin’ to be used as the medium for value transmission, such as stellar, miners, bitcoin cash or ripple, etc. If OmiseGo builds highways, these are just ‘better vehicles’ to transport people. But what if a large portion of value that will be transmitted through OmiseGo network, online payment transactions, makes their own coin and just frees themselves from 3rd payment processing logistics? Would it be hard for Amazon to create their own coin that can be only used for the products they offer, and use that reduced 3~4% tx cost to offer better price for people? Why wouldn’t Amazon do this? If you have some retail, online payment experience or knowledge, please help! C3) Why traditional exchanges will not convert to OmiseGo, and why it doesn’t matter I had this concern, but jv2222 provided a great insight onto this matter, and cured me of my fear. I just wanted to share his post for those who missed it. It is a great read. Okay, now concerns are also on the board… Reading this far, you must be an OmiseBro/OmiseSister (although I have not met many female crypto investors, I know you are out there, OmiseSistas!), cuz this post is quite long, and you are still here. So let me share why I am very excited about OmiseGo. E1) If OmiseGo delivers, not only early investors will secure a juicy source for ‘semi-passive income’, but also contribute to transforming how we humans transmit values. You probably understand why you, an early investor, will be very happy when OmiseGo delivers. For the second part of my excitement, let me digress a bit and tell you some of my abroad stories. In 2015, I went to Kenya to live and run with Kenyans, the best runners on Earth (I was in love with the art of running, and wanted to see how they do it). It’s been almost 2.5 years, but I still cherish the memories and what I’ve learnt there (If you are a runner, take a moment to appreciate graceful and beautiful running in this video which I filmed in Kenya here). After the trip, I still keep in touch with athletes and coaches I interviewed, and I regularly help out some of them through PayPal or Wave. But working in Korea makes it very hard for me to share financial value with them. PayPal doesn’t support KRW (currency of Korea) nor Wave. Every time I want to send some money, I ask my girlfriend if she needs some KRW, and asks her to send me equivalent USD to my PayPal or directly send to my friends in Kenya through Wave. This is very time-consuming and frustrating. It really doesn’t have to be this way. When OmiseGo network is alive, in theory, I can just put in my KRW on the network, and they can cash out Kenyan shillings. No 3rd party that takes +1% fees. No need to wait +10 minutes. Done. Furthermore, I have some Starbuck’s points and airline mileage that I don’t really need. So I want to also send that over to a high school that I support in Kenya. With a few clicks on my phone, the transaction is done, and these points will help some of the students to get their first running shoes. How amazing is this? Providing a network/pool where all the ‘values’ on Earth, across borders of countries and cultures, can be shared and transmitted instantly. E2) The tokenization of any assets In November, 2017, Gramatik, a famous DJ in the international club and festival scene, raised $9M in his GRMTK Token ICO.The owners of GRMTK tokens receive portions of the revenue Gramatik produces through his music, films, and concerts. Singular DTV was behind this, but with OmiseGo network, anyone can tokenize their asset, talent, and creativity, and secure much more sustainable way to maintain their practice. This can be great for athletes, musicians, fine/performance artists, racing drivers, chess prodigies, and so on. I am very excited for this part of OmiseGo network because many of my close friends are musicians and I see a lot of money being taken away from them by Music Rights Protection Organizations, Distribution companies and Entertainment companies. You will be super surprised, or even appalled, by how much Korean idols actually make through their music. Middlemen take a great bite out of every creativity and work. It’s brutal. Tokenization will also help other businesses that could only rely on traditional source of funds. Restaurants, museums… any small to medium sized businesses can now focus more on their work, than securing funds. What’s also cool is that, OmiseGo releasing their White-label wallet SDK, will enable developers around the world to create apps to enable all of these… put them into many niche markets that we don’t even imagine OmiseGo can be applied to. E3) Please share your excitements! Above two excitements are very personal ones for me, being a lover of running and having friends who are suffering in the very centralized structure. I want to ask, what are you most excited about the project? Why? Thank you for reading this far, and I hope this was entertaining and stimulating at the same time. Edit: some typos
Chin up boys and girls – the DApps (Decentralized Apps) are finally coming. Utility, not speculation/manipulation/shilling etc., is what, in the end, will give/justify the value of blockchains.
Of the top 100 tokens, 91 of them are on the Ethereum blockchain (ERC-20). The most valuable non-Ethereum tokens by market cap are USDT (4) and GAS (25). Eventually, ICX (6), VeChain (3) and EOS (1) and several others will be migrating to their own blockchains. Still, this leaves Ethereum with an overwhelming market dominance for tokens (aka DApps) and Ethereum has been clearly recognized as the blockchain to launch ICOs/DApps.
For the rest of March + Q2 (April - June) we are going see the biggest implementation of DApps on the Ethereum mainnet to date. Below I’ve laid out, in alphabetical order and in varying detail, what’s happening between now and the end of Q2 of this year. (I’ve also added some info, where especially relevant, of big stuff coming after Q2). I hope any biases I may have do not come through too much in the writing.
To hammer home on utility once more: One year ago today, the daily transaction count was at 57,000. Yesterday, the network confirmed over 752,000 transactions (a 13x increase) (And remember, ATH in January was 1.349 million txns!) [Source]
AirSwap is a decentralized exchange for trading Ethereum based tokens. It allows its users to trade tokens in a peer-to-peer fashion across the Ethereum blockchain. The token trader is currently live, in a limited capacity, trading AST and (W)ETH.
More token pairs will be added before the end of the Q1, as part of the upcoming release, Token Marketplace. A mobile app is also in development and will be entering beta soon.
Aragon is a project that aims to disintermediate the creation and maintenance of decentralized organizational structures by using blockchain technology. "We provide the tools for anyone to become an entrepreneur and run their own organization, to take control of their own lives." Originally slated for a February release, Aragon Core v0.5 (which is a fully functioning version of the DApp on mainnet) should be released any day now.
Augur is a fully-decentralized, open-source prediction market platform built on the Ethereum blockchain for any and all predictive markets. Augur Beta is currently live on Kovan testnet and launch is “months away.”
In order to mitigate bugs and problems, the first market on mainnet will be something along the lines of 'Will there be a critical vulnerability discovered in Augur by a certain date?” Given Augur’s development history, this could be launching a little after Q2, but the progress looks promising.
UPDATE (3/7/18): Contract audits are complete and the full audit report of augur-core will be released next week. "Some work still being down on UI, Augur Node, and additional screens." Next step is the bug bounty (first prediction market on Augur).
UPDATE (3/12/18): Core security audit report is released following a four-month long audit by Zeppelin. Augur's contracts are ready to ship and "over the coming weeks we plan to release more details around a bug bounty program and market."
BlockCAT lets anyone create, manage, and deploy smart contracts on the Ethereum blockchain with just a few clicks. No programming required. BlockCAT will be releasing their first visual smart contract on the mainnet on March 14 (the full details of exactly what this contract does, will also be released when it goes live.)
UPDATE (3/14/18): BlockCAT's first visual smart contract, Tabby Pay, has been released on mainnet. Tabby Pay is a smart contract that’s built to prevent user error - if you send Ether to the wrong wallet, you can cancel the payment and your Ether will be returned.
Digix is a DAO (Distributed Autonomous Organization) and is composed of two main parts: DGD and DGX, both of which are ERC-20 tokens.
DGD is a governance token that allows holders to vote on proposals that are submitted for the growth of the Digix ecosystem and offers rewards to holders on the basis of their successful contribution to the Digix Ecosystem.
DGX is a gold-backed token and is slated for a public market release by end of Q1 2018. DGX is backed by physical gold on a basis of 1 token to 1 gram of gold. "DGX represents value on the blockchain that can be retained over time with relatively little volatility; giving it greater utility than Ether for a wide range of use-cases. Retail, Rentals, Salaries, Commerce, Lending, Wealth Management."
UPDATE (3/13/18): DGX will be launching on mainnet this week and Digix will be partnering with Kyber Network to be the first decentralized exchange to offer their asset tokens (like DGX) against ETH at launch.
UPDATE (3/23/18): The first couple thousand DGX have been created on mainnet and the marketplace opens on April 8. Prior to that, the KYC Whitelist will open on March 26
Ethorse is a DApp for betting on the price of Cryptocurrencies and winning ETH from everyone who bets against you. Users bet with ETH on one of the listed coins or tokens to have the highest price gain in a fixed period. Currently live on the Kovan testnet, with mainnet launch before end of Q2.
UPDATE (3/22/18): Ethorse has launched a bug bounty to stress test the security of its smart contracts and they are estimating the DApp to go live on mainnet no later than mid-April
FunFair is a decentralised gaming technology platform which uses the Ethereum blockchain, smart contracts and their own Fate (State) Channels to deliver casino solutions with games that are “fun, fast and fair.” FunFair has been on testnet for many months now and the Showcase has been live for even longer. Currently on-boarding casino operators, FunFair is on schedule to launch with its first operator in early Q2.
FundRequest is a decentralized marketplace for open source collaboration. It introduces an easy and secure way to reward bugfixes and feature builds on any project. The FundRequest platform will be going live on mainnet in Q1-Q2 and will allow users to fund and crowdfund open source issues on GitHub using the FND token. Developers can claim the FND token after they’ve successfully resolved the GitHub issue. Q2 will also bring the ability to use any ERC-20 token to fund Open Source Issues on GitHub.
Giveth is an Open-Source Platform for Building Decentralized Altruistic Communities. The first working prototype of their “Minimum Loveable Product,” the Giveth Donation Application, is live on testnet and they “expect to fully open the platform for the public in March 2018.”
Golem has branded itself as “the worldwide supercomputer.” Golem Brass beta will be releasing on the mainnet before end of Q2, allowing users to sell their computing power and earn real GNT for the first time.
iExec is a decentralized cloud computing platform that is blockchain-based. Using a decentralized cloud that connects users to one another it aims to tackle the current limitations of centralized cloud computing that are holding business and innovation back.
Launching by March 31, iExec 2.0 — Cloud Marketplace will include the full marketplace platform network, with the PoCo algorithm (Proof-of-Contribution) enabling the first decentralized cloud.
Kyber network is an on-chain protocol which allows instant exchange and conversion of digital assets and cryptocurrencies with high liquidity. Launched on mainnet in February and was at first only available to people on the ICO whitelist but has since slowly started allowing new user on the platform. Currently only has a few tokens listed but that list will continue to grow and will hopefully bring along with it a surge in daily users/volume.
MakerDao is a decentralized stable coin project that is currently live on mainnet. It is composed of two main parts: MKR and dai (both are ERC-20 tokens).
MKR is a governance token: "MKR holders are the highest authority in the Maker system - they govern the system and benefit financially when they govern it well, but they also have to foot the bill if things are mismanaged - as a group they need strong social cooperation and a vigilant attitude towards governance."
Dai is a decentralized stable coin that is price stabilized against the value of the U.S. Dollar. Dai is used in conjunction with their Oasisdex decentralized exchange, and their CDP (collaterized debt position) margin trading platform to offer "a full solution for global decentralized finance where everyone gets to benefit from the massive economies of scale that become available when global finance is done right."
Currently, dai is only collateralized by Ether but multi-collateral dai will be released in Q2. This means dai will begin to be backed by gold (through DGX) and other ERC-20 tokens. Maker is also looking into collateralizing more traditional investments, like real estate, in the future.
This project can take a little time to understand, so here's a thorough ELIM5 walkthrough.
The Melon protocol is a portal to digital asset management on the blockchain. The frontend operates on top of IPFS, while the backend leverages off a set of Ethereum smart contracts. Melonport just launched on mainnet and they currently have a bug bounty with 500 MLN in it. In a few weeks, the current version will be shut down for fixes and a new version will roll out. Melonport: "Disrupting the US$84.9 trillion asset management industry, one block at a time."
OmiseGo is the Plasma decentralized exchange, hosting an open-source digital wallet platform created by parent company, Omise, connecting mainstream payments, cross-border remittances, and much more. They just had their White Label Wallet SDK public release.
In Q2, OmiseGO will deliver the OmiseGO network and lay the foundations in preparation for Plasma. In Q2 we will see the OmiseGO Proof of Stake public blockchain release, meaning staking will be possible.
(OMG’s cash in/out interface and the Plasma mainnet launch are scheduled for the tail end of 2018/early 2019. Learn more about Plasma from the most cheerful person I know, Karl Floersch, here
Request is a decentralized network that allows anyone to request a payment for which the recipient can pay in a secure way. The first iteration of Request working with Ethereum on mainnet is still on track to launch before March 31. The code for mainnet is currently being audited and when the audits are done, a bug bounty program will follow.
UPDATE (3/16/18): Request is currently undergoing its second smart contract audit, which will be followed by a bug bounty program. Request is still on track to be released on mainnet on/before March 31, 2018.
A cryptoeconomic powered adult entertainment ecosystem built on the Ethereum network. Basically, a decentralized cam site (plus a lot more!) Launching on mainnet in Q2 is SpankChain Camsite v1 which will allow for ETH + ERC20 payments and public and private shows all while implementing a low 5% fee for performers (According to their whitepaper, most adult camsites take between a 30-50% cut of performer earnings on top of payment processing fees).
UPDATE (3/23/18): According to community manager Chase Cole, they are aiming to launch the camsite on April 2.
Streamr tokenises streaming data to enable a new way for machines and people to trade it on a decentralised p2p network. The data marketplace will be coming to mainnet by March 31.
0x is a protocol that facilitates trustless peer-to-peer exchange of ERC20 tokens. 0x protocol is free to use and allows anyone to create a decentralized exchange; we call these relayers. This isn’t a DApp, but allows for the creation of DApps.
A list of some of the DEXs, in varying states of development, that will be utilizing 0x:
Also, an informative article about some of the differences between the various decentralized exchange protocols here. Some general Ethereum news to be excited about:
Vitalik recently hinted, in a since deleted tweet, that the sharding testnet will be coming online in the near future (I think Q2 isn’t too early a guess).
What is sharding? Sharding is where the entire state of the network is split into a bunch of partitions called shards that contain their own independent piece of state and transaction history. In this system, certain nodes would process transactions only for certain shards, allowing the throughput of transactions processed in total across all shards to be much higher than having a single shard do all the work as the mainchain does now. [Source]
What is Casper? Casper FFG aka Vitalik’s Casper is a hybrid POW/POS consensus mechanism. This is the version of Casper that is going to be implemented first. In a Proof of Stake system, validators stake a portion of their Ethers and start validating blocks. Meaning, when they discover a block which they think can be added to the chain, they will validate it by placing a bet on it. [Source]
(To stay up-to-date on Ethereum research development, check out Ethresear.ch)
The Ethereum Community Conference (EthCC) is March 8-10 in Paris. Talks will focus around “scalability, anonymity, development tools, governance compliance” among other topics.
Speakers include representatives from the Ethereum Foundation, Ledger, Metamask, Shapeshift, Oraclize, Uport, Web3Foundation, Melonport, ConsenSys, JP Morgan, Coinbase – Toshi, Parity, SpankChain, FunFair, Aragon, AirSwap, EEA, IExec, Cosmos, OmiseGO, Circle, Gnosis, among others.
UPDATE: EthCC was a resounding success! If you missed it or want to re-watch any of the talks, check out this handy thread of videos, painstakingly culled and timestamped by u/alsomahler.
The Ethereum Developer Conference (EDCON) is May 3-5 in Toronto. This will be the biggest ETH dev conference since DEVCON 3 last November. The agenda is still being worked out, but speakers include representatives from the Ethereum Foundation, Polkadot, Parity, Plasma, OmiseGO, Cosmos, Tendermint, Giveth, Maker, Gnosis, and many others.
5.6 billion requests per day for Infura.io (Decentralized web3 infrastructure)
280,000 downloads of TruffleSuit (ETH development framework) [Source]
ConsenSys has grown to over 600 employees in six major offices located around the world. I personally think ConsenSys is important (and awesome) because they are huge Ethereum evangelists and provide (in)valuable resources to help bring DApps come to life!
From their website: “The ConsenSys “hub” coordinates, incubates, accelerates and spawns “spoke” ventures through development, resource sharing, acquisitions, investments and the formation of joint ventures. These spokes benefit from foundational components built by ConsenSys that enable new services and business models to be built on the blockchain.”
Several of the projects I listed above are ConSensys formations including AirSwap and MetaMask.
Thanks for reading this far! Hopefully it wasn’t too exhausting of a read.
I am certain I have forgotten some DApps, so please feel free to comment/PM any and all suggestions/corrections to make this list more informative/inclusive/accurate and I will update it. TL;DR
Send bitcoin by sound waves (Point of Sale; Mobile Checkout, bitcoin eWallet to bitcoin eWallet)
Accepting Bitcoin at Point of Sale; Mobile Checkout or splitting a dinner bill with a friend in bitcoin has never been easier. No more messing around with trying to take a photo or scanning a QR code, or writing in the Bitcoin address manually on your smartphone. Now by simply allowing your handset to listen to a “Chirp”, all the required information for making the payment to the cashier or bitcoin ewallet is provided in mere second. We here at BIPS are working hard to provide people in all of the world with ever easier methods of accepting Bitcoin as payment. The “proof of concept” of this new system has already been integrated in your Mobile Checkout web application, so if you have a BIPS account try it for yourself today! You will want to use Chrome on desktop and any mobile browser on your smartphone. For receiving the information of the “Chirp” you can try http://chirp.io/ until BIPS official app is ready. For people wanting to see this without having a BIPS account, use Kris Henriksen’s link, https://bips.me/checkout/mobile/cb Just type in the description and amount + currency, and click Checkout. A short “bird song” will be heard, and this is what we use to send the information. The information that is being transferred over sound waves is based on the official Bitcoin URI Scheme, so any existing app out there will be able to implement this and automatically fill out the required fields for making the payment. If you have any questions, or ideas for improvement, feel free to reply here or get in touch with us by https://helpdesk.bips.me Regards BIPS
Bitventory: A simple, secure, auditable e-wallet service
Hey all, Bitventory is a new online wallet service I've developed to help solve many of the problems with other e-wallets. The challenge I set out to solve is this: is it possible to design a wallet service where the operator has no control of the funds? Essentially, can you run a bank without holding any money? Bitventory never solicits the user for private keys. Instead, all wallet operations requiring a private key are performed in-browser using a Java applet. When the site needs to expand the user's pool of public keys stored server-side, it asks the user to unlock their wallet and queries the applet for keys. Likewise, when the user wishes to send coins from the site, the transaction is built by the server-side transaction processor and is passed to the applet for signing. The applet actually displays the payment recipient, the coins sent, fees, etc to the user after extracting them from the transaction itself. Thus, I as an evil service operator can't ask the user to sign a malicious transaction. The applet also verifies that the change address is owned by the user. The applet source code is all free software, licensed under the GPLv3, and is available on Github. Beyond downloading the code, users can pull it, sign their own jar file, and then actually use their own audited code on the site. There are instructions for building and signing applets and configuring Java to use your own certificates. This way, I can't swap in malicious code. With other deterministic wallets, you're left to hope that the operator isn't changing the Javascript that you're being sent. Speaking of deterministic wallets: Bitventory uses a hybrid approach to key generation. It's not entirely random, but it's also not derived from a simple password. A full description is on the site, but the gist is that a key is derived from an email, password, and a token derived from an initial randomly generated secret shared between us and the user. This seriously hampers any sort of dictionary attack on the chain, but still allows one serious advantage: Your wallet can be generated at any time, given those three components: email, password, and the shared secret. We provide a free software wallet generator which can restore a user's wallet entirely in the official Bitcoin client. If we disappear tomorrow, or you simply wish to leave, there's an immediate exit strategy. No backups or anything are required. Simply remember your password, and store your secret in a secure location (preferably offline, on paper). This is a project I've been working out in my head for a while, but which I've only recently allocated the time to build. I have the codebase stable, but there are misc quirks that I'm working out. For now, I'm only running a version of the wallet on the Bitcoin test network for users to try out and give feedback on. If you encounter any issues, please send me a bug report via email or reddit. I won't feel comfortable opening it for use on the production network until I start getting real feedback. I've also slapped my personal identity all over this thing. The whois data, SSL certificate, etc. My name is Ken, and I'm a student in Albany, NY, and you can call me if you want. You might think the student label would be a reason not to use the service, but I designed it for that to be less important. I'm not a bank, and I don't have the massive team of developers and technical expertise of one. I've developed Bitventory so that I don't need to be trusted with your coins. Even assuming the site was compromised, your wallets would be safe. Feel free to fire away with any questions. Also, I've created this account specifically because my main reddit account isn't attached to my real identity and I'd like to keep it that way. But if a mod would like, I can verify anything, including that I'm an active redditor. Check out our testnet client here: https://bitventory.com/testnet/ Send yourself some coins: Testnet Faucet Thanks! EDIT: As ripper2345 pointed out, the default jar has really awful permissions (it wants to be granted local file access). Unless you roll your own, you may want to avoid creating an account until I fix this. I should have it fixed shortly. EDIT2: The applet should be sandboxed now. You may need to clear your Java applet cache, if you tried to use the previous version. Let me know if there are anymore concerns. I'll be here all day keeping an eye on things. :) EDIT3: I've signed up for User Voice, so if you'd like to leave bug reports and feature requests: http://bitventory.uservoice.com/ Bugs and feedback here are fine, but anything involving future features and such should be sent to User Voice so I can have a record of what people most want. Thanks! EDIT4: As requested, you can follow us for updates as we add new things, and for details on our upcoming launch on the production chain. I get annoyed with over-tweeting, so expect it to be really low traffic. http://twitter.com/#!/bitventory EDIT5: As requested, here's a Bitcoin address if you'd like to help fund development of the site (PM for a unique address):
15ZB6k6ZJMUf6wCLZ1UFrbWoR7uH4PYSqb
EDIT6: After some helpful feedback today, I've made an update about upcoming changes and improvements. They're detailed in this post. The particularly big change I'm looking at is a fix to eliminate server-side token generation in favor of a pure in-browser solution. Any thoughts would be appreciated. EDIT7: I apparently pushed a broken update last night because of a small difference between my dev environment and this AMI which I've fixed. I saw that a few user accounts last night weren't able to try out the site, and should be good to go now.
A n00b vents: barrier to entry of bitcoin, the implications for general uptake, and the future
Being mindful of the general truism whereby you forget how hard something was to begin with once you get setup into the pattern of efficient minimal usage, it felt like a good time to vent, slash get the opinions of the community. The problem: once someone has been titillated enough by the prospects of bitcoin, they'll then try to get into it. How many will fail? Let's be honest, on a quite-nerdy website, we're probably relatively a lot nerdier, so should arguably be finding these things very easy if we hope that the general populace will be adopting, no? My experiences:
Downloaded a popular bitcoin wallet for linux. Unexpectedly had to run my machine for a week to download the blockchain. Huge papercut.
Strongly recommended to fully encrypt machine & adopt vastly improved security policies (tor, truecrypt, etc), in line with post-snowden recommendations (i.e. not bitcoin specific, per se). There's a shit-ton to read (papercut), and loads to do for this (papercut), taking hours of boring time in my spare time (papercut) and requiring many changed practices (papercut).
I did some free bitcoin taps then gave up. No idea where that account is now (papercut) & don't know if it can be accessed without doing the whole downloaded wallet again (papercut). Lost bitcoins probably worth about 10c, I guess. Technically now everyone's richer. You're welcome.
Trying again, months later. Decided to use BIPS as an eWallet needs less total encryption security AND they also do wire transfer with BIC & IBAN. Downloaded & ran Tor again. Spent 2 hours going through the account setup process (papercuts abound): they don't tell people what's required beforehand so you're constantly booted out while looking for bank details, utility bills & government photo ID documents in digital format, printing verification keys and downloading google authentications apps. Again, as per my first point, you only do this once... but how many people will hit a few of these frustrating hurdles and just say "fuck this, i'm out"? They also have a problem on their page whereby you can't select the currency you want to convert to bitcoin from - not bitcoin community's fault & I emailed BIPS about it, but another papercut.
MY OVERALL POINT There's loads of evangelism going on in bitcoin, which is great (not sarcasm), but I wonder to what extent part A (getting people interested) is being undermined by part B (people being able to get onboard)? Is there a step by step guide, or flow diagram, for how people should get onboard once they've decided they want to? This and this is good, but maybe should be expanded to include the security one should have and a stepwise guide to get there, plus what to expect/prepare when signing up to the wallet sites? TLDR: technical papercuts barrier uptake to bitcoin, thus working against the promotional work of the community. How can these be reduced? Have they been improving with time?
I'll start by saying that I have been fascinated by bitcoin since the first time I heard about it four or so years ago. Although I knew about it I was young and poor and wasn't aware about how to purchase it. Just basically wasn't on the level yet. When I first learned about Ethereum is when I became very interested in crypto that was a little over a year ago. Since then it's a progression. I have been in and out of almost every coin in the top 50 plus some. I love it. Really love decentralization. I love the idea of people taking their financial freedom back. Fuck yeah to huge green dildos the market gains are staggering. The losses are fantastically huge and terrifyingly hilarious. The tech is brilliant, genius, useful, innovative, hard to understand, open source, I mean it's really just a wonderful place right now. It's a fertile ground for entrepreneurs. It's a new market for a new generation. It's risky business. Please then can anyone tell me what trail blazers were not confronted with new obstacles? What great place for the free is not attacked by cretans? Where there is money is there not always a desire to hide it? As far as I can tell, an uncharted, dreamers, territory, is a dangerous place and it always has been. From Magellan's circumnavigation, to Louis and Clark's Corps of Discovery, doing something new and great is full of hazards that have to be overcome. As crypto currency is moving growing out of its toddling stages we are continuing to face attacks on its credibility from the outside. I think that many crypto enthusiasts will agree that there are many "coins/tokens" that aren't going to be good long term investments. But I also believe and can see and read that some of these technological mutations are going to do great things for finance and I believe you believe that too. Although "Crypto" is in its own way a boycott of convention, it is now a vibrant community of millions of people. We are a minority who only wish to develop and support new products that have been withheld from us by groups too powerful to combat until "open source" became more available throughout the world. Now that we have one foot out the door the old guard is noticing. They, as well as our governments are struggling to catch up in an industry begun by hobbyists. In garages and spare bedrooms, with gear that had to be sourced and pieced together, we built our miners. In chat rooms not classrooms, through support within the communities of crypto we learned things like POS, LN, hard fork, soft fork, block time, ewallet, and so much more. We are now becoming great. There are technologies on the horizon that are daring to change the world. We are creating a united front to be citizens of the world without their NWO. I started writing this as a critical thing about the Dimon thing but instead I just became lost in the inspiration I see everyday here on Reddit, Twitter, the exchanges, (the immense load they have mostly handled) so I guess I'm just saying thanks to all the people out there who built this. Thanks for all the community support. Hodl or seldl, you are all here reading, hungry motherfuckers, who want something better! Keep up the hard work! If you are like me there is hardly a place for you to talk openly about crypto without sounding like a nut but I am super fuckin pumped about Cryptocurrencies and happy to be a part of this with all of you.
Introducing BIPS – The Free EWallet and Merchant Solutions Provider
Bitcoin Internet Payment System (BIPS), the free Bitcoin service, has just launched. BIPS unleashes the full power of Bitcoin - making merchant processing fees a thing of the past and giving traditional payment processors a run for their money. Created for merchants and end users alike, the Bitcoin world will never be the same. Based out of Denmark, BIPS is brought to you by the same team as WalletBit - a name you can trust. Visit https://bips.me and get started today. Users have the option of signing up using an existing Facebook, Twitter or Google account. This means you won't have to remember another password unless you want to. For those of you who like to do things the old fashioned way, we have a traditional sign up method. Our free eWallet service is the most secure in existence today. When you sign up for a BIPS account your password is stored as a heavily salted SHA-512 hash. This means your BIPS password is more secure than most banking sites. BIPS also enables you to add up to three factors of authentication to prevent unauthorized access to your account. This includes Secure Card technology pioneered by WalletBit and Google Authenticator. BIPS is the first major Bitcoin gateway to offer merchant tools completely for free. As long as you keep your balance as Bitcoins then you pay zero processing fees. You only have to pay if you want to cash out to your local currency. BIPS gives you the option to automatically convert some of or all the Bitcoins coming into your account to your local currency. Any automatic conversion to local currency at the time of purchase is guaranteed at the rate it was processed for. This means you can accept Bitcoins without worrying about exchange rates. Transfers between BIPS accounts are instant and free. The only thing you will ever be asked to pay for are our premium services such as buying, selling and cold storage. BIPS offers the most affordable Bitcoin selling rates ever offered globally. With 42 different local currency options (https://bips.me/pricing) BIPS offers the most cash out options anywhere. This includes daily domestic transfers to both Canada and Denmark. BIPS combines years of Bitcoin processing experience to create the ultimate Bitcoin website. Best of all BIPS is free. Simply put, BIPS is the last Bitcoin website you will ever need. Free Bitcoin Services eWallet services (only pay network fees!) - Receive Bitcoin - Send Bitcoin - Transfer between BIPS accounts - Import wallet.dat Bitcoin Merchant Tools - Instant Payment Notifications (IPN) - REST API - Shopping Cart Plug-ins (coming soon) - Mobile Checkout Premium Bitcoin Services - Sell Bitcoin (2.5%) - Buy Bitcoin (9%) - MTGox Instant Ask (0.89%) - SMS Bitcoin (0.89%) - Cold Storage (0.89%/0.89%) https://bips.me
What is a Bitcoin Wallet BitcoinOfficial.org? BitcoinOfficial.org is a simple and free Bitcoin wallet online. We created a Bitcoin Official wallet in accordance with the principles laid down by Satoshi Nakamoto, the creator of Bitcoin: The funds are safe and under your complete control. Light bitcoin wallet, download is not necessary. Exchange BTC, ETH, LTC, XRP or any other cryptocurrency on a safe and secure platform. Our coin conversion calculator will help you to choose the amount suitable for you. Bitcoin (BTC), Litecoin (LTC), Dash (DASH), Ethereum (ETH), Bitcoin Cash (BCH) and a plethora of Ethereum-based ERC-20 altcoins can be easily accessed by its users. Image by Trezor Ledger Nano S. Ledger Nano S crypto hardware wallet tracks its history back to June 2016. Ledger Nano S works with Bitcoin (BTC) and all of the most-demanded ... Create your own customized vanity bitcoin or litecoin wallet address. Present your individuality or support your brand with a custom payment address. Free paper wallet for download. A paper wallet is ultimately the best Bitcoin wallet option due to its safety. Trezor/Ledger, Electrum, Blockchain.info and Coinbase round out the top five.
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