A new eth killer clone has apparently entered the stage after it reached a market cap above $1 billion, rising in a very straight line based on trading volumes of $47 million for their total supply of 12.6 billion zil.
Much of it seems to be coming from the btc trading pair, with eth in a far away second position, showing the project is still very new, with only a testnet working.
The project’s team seems to have some technical talent, with its chief executive and head of technology holding PhDs in computer science from the National University of Singapore, the country where the project came from.
Yet any innovation here, or why anyone should care about this project, we can’t really see. Their whitepaper says:
“The cornerstone in ZILLIQA’s design is the idea of sharding — dividing the mining network into smaller shards each capable of processing transactions in parallel…
Network sharding, i.e., dividing the mining network into smaller shards is a two-step process. First, a dedicated set of nodes called the directory service committee (or DS commit- tee) are elected which then shard the network and assign nodes to their shard.”
So, it’s basically ethereum, but with sharding, but it doesn’t yet have sharding because it doesn’t even have a live running blockchain, but it will have (or so they hope), just as eth will have (or so they hope and have it all conceptualized).
Still, the more the merry as long as it is a team that can work constructively rather than ra ra because some are considering of blockchenizing airwaves.
What?! Federal Communications Commissioner, Jessica Rosenworcel, has come up with a plan to make accessing airwaves more accessible.
“We should be able to dynamically distribute spectrum. There’s technologies that help us do that, and if we get that, we would radically expand our capabilities to use our airwaves,” she says before further adding:
“I think we might find new and exciting ways to dynamically allow for access to our airwaves and get us out of that old system of licensed use on one hand and unlicensed use on the other. That’s my supernerdy blockchain-meets-spectrum idea — I think it’s worth a look.”
Airwaves, blockchain, nerdy? What she drinking? Coolest thing on earth, woman, coolest thing on earth.
On that drinking topic, is that a… is Gavin Wood of Parity holding a pint can? Not that he ever drunk from it during the presentation, but, whatever, it was a pretty cool, though super technical, presentation:
Speaking of Edcon, Trustnodes made a tiny appearance. Flattery as they say… but it so happens to be during a presentation by the Liquidity Network too.
That’s kind of a new Lightning Network/Raiden of sorts which Vitalik Buterin has said shows promise. If for nothing else then presumably because there are now so many different takes to scalability that it can’t possibly escape our cracking:
Ah, we have to show this one, not because of the words it says as they are a good reason not to show it (cus repetition), but because the kid is wearing the eth jumpa.
And it looks, don’t it look cool? Ugly they all say, nah, hat, hat, hat. Oh yeah and that word all over the screen, they basically a mobile browser for eth dapps, and a wallet as well presumably, a Toshi like thing.
We should say, listening to the conference and all the presenters, it is quite different to other conferences. It is a lot more buidl, a lot more… doing things. Presumably because they are so many doing so many things they don’t really have much time to talk about anything else.
While in some other conferences, like in bitcoin, it’s a lot more… abstract. Not that…. you know the two kind of complement each other because you do need the bitcoin spirit, but you’d think this code, code, buidl showcase would be boring. Well, Newsnight sends us straight to sleep. This thing? We’ll probably get some nice propa 9 hours sleep once it finishes.
“We missed the internet wave, caught up with mobile technology… blockchain is the next wave – and we must be part of it,” says Kenya’s former Permanent Secretary in the Ministry of Information and Communication, Dr. Elijah Bitange Ndemo.
That’s according to the BBC, which has a nice story on Kenya’s efforts to blockchenize their land registry to address some real problems of corruption through bribing Land Office officials to change records.
Blockchain tech, of course, provides immutable records, but land can’t really be an immutable thing as one needs to be able to transfer ownership.
One way, however, to facilitate both may be for the land itself to be the token, so the token proves ownership, but that would mean if you lose the key then you’re…
But is that really different than losing the paper deed? Of course, there would still be fall back methods, but stealing a key and bribing an official to change records might require different levels of difficulty.
An easy solution would perhaps be to combine the two. So you still have the record, then you have the token on top. Changing the record leaves traces in the blockchain as one can always see the change, so the level of security might increase.
However, blockchenizing or tokenizing land registries is not a trivial thing. Humans are humans and blockchains can’t really help with that.
The home of blockchains is code, but, they could allow for incremental improvements, and such incremental improvements could allow for an excuse to dust off the rest and clean up the office so to metaphorically speak, which in itself could mean incremental upon incremental.
Intel is seemingly moving into bitcoin mining with a patent for a mining chip. Presumably because the corporate giant, and in a way the monopoly, thinks the investment is now worth it, at least according to reports which say:
“Intel’s proposed system consists of multiple elements, including a processor farm, logic device and an integrated circuit. It works by reducing the search space required to determine the next nonce (or hash header) required to solve the problem.
If the solution is not found, then Intel’s chip changes the Merkle tree or order of transactions that have not been processed and starts off with another nonce search. Most current systems expend brute force in order to solve a problem.”
That’s very much it for this session. We have quite a bit of Edcon to catch up on. So until next time, enjoy the sunshine.