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    Ethereum Core Developers meeting (June 16, 2017) was live on the youtube. They discussed about EIP 206, EIP 208, 211, 213, 214 and Metropolis. Recorded video of the meeting is available here.

    Help required for Metropolis testing

    2 weeks ago the testing team put out a call for assistance creating and running tests for the upcoming Metropolis release.

    If you are interested in helping test Metropolis please do the follow two things:

    1. Read this guide.

    2. Join the Gitter channel ethereum/tests.

    For more updates, technical blogs and general discussion on Blockchain Technology and Ethereum, please join us at our Website, reddit, Facebook, Medium, steemit and follow us at Twitter. Please feel free to share this post, email us with your suggestions and connect at LinkedIn.

    #Ethereum #Blockchain #cryptocurrency #EIP #metropolis

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    Status Network Token Bug Bounty (up to $50,000 per bug)

    Status Network started bug bounty program on June 14, 2017 for all Smart Contracts and software in https://github.com/status-im/status-network-token.

    • Major bugs will be rewarded up to $25,000 (in BTC or ETH).

    • Much higher rewards are possible (up to $50,000) in case of very severe vulnerabilities.

    • Most of the rules on https://bounty.ethereum.org apply.

    Scope:

    The scope of bug bounty program includes all contracts related to the Contribution Period and the Status Network Token code.

    This includes all contracts within: https://github.com/status-im/status-network-token/

    Timeline:

    The bug bounty program has started and valid reports of bugs will be compensated moving forward. The bounty program will continue even after the token launch.

    Compensation:

    They are using the OWASP risk assessment methodology to determine the bug’s level of threat to the sale.

    • Note: Up to $100 USD

    • Low: Up to $2000 USD

    • Medium: Up to $10,000 USD

    • High: Up to $20,000 USD

    • Critical: Up to $50,000 USD

    Contact

    Email your submission to: security@status.im.
    You can also create an issue at https://github.com/status-im/status-network-token/issues
    Anonymous submissions are welcome.
    If in doubt about other aspects of the bounty, most of the Ethereum Foundation bug bounty program rules will apply.

    For more updates, technical blogs and general discussion on Blockchain Technology and Ethereum, please join us at our Website, reddit, Facebook, Medium, Slack and follow us at Twitter. Please feel free to share this post, email us with your suggestions and connect at LinkedIn.

    #cryptocurrency #Ethereum #blockchain #Status #bounty

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    Winners of the Status Global Hackathon

    As announced earlier, on June 13, 2017, Status Network published the winner of the week long Status hackathon that kicked off June 3, 2017 ended spectacularly on June 10, 2017. About 160 teams furiously coded and designed mobile experiences for Ethereum.

    They announced prize of $25,000 to be distributed in ether (ETH) to the projects with the highest technical achievement, originality, and creativity, but they decided to make that $28,000 as judges had too much fun determining the winners.

    And the Winner Are..

    • First place: WhoPays $10,000 in ETH -
      Timon & Niels

    • Second place: Favor Network $6,000 in ETH - Peter

    • Third place: ReLike $3,000 in ETH - Noman

    • Best mobile conversion (Existing DApp): Dr. WeTrust $1,000 in ETH - Tom Nash, Shine, & Zaw Mai

    • Most Potential: Coinpanion $1,000 in ETH - Alon, Rahul, Tim, Joseph

    • Best Game: SwordShield $1,000 in ETH - Kellas, Sergey, Noxon, & Aleksandr

    • Best DApp for Education: DTS (MyTutor) $1,000 in ETH - Greg

    • Best UI: Bootcamp $1,000 in ETH - Joaquin, Yann, & Christophe

    • Most Interesting Use of a Token: Block Paper Scissors $1,000 in ETH - Jason, BrutishGuy, Yepster, & Roy

    • Best Chat (Existing DApp): Etherisc Flightbot Whisper $1,000 in ETH - Joris, Juriaan, Freek, Will, Christoph, & Stephan

    • Co-Best Community Engagement: Gifhive $1,000 in ETH - Saska

    • Co-Best Community Engagement: Genesis Token Tracker (GTT) $1,000 in ETH - Makoto

    For more updates, technical blogs and general discussion on Blockchain Technology and Ethereum, please join us at our Website, reddit, Facebook, Medium, Slack and follow us at Twitter. Please feel free to share this post, email us with your suggestions and connect at LinkedIn.

    #Cryptonews #Ethereum #blockchain #Status #hackathon

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    0_1497466354885_aventus1.jpg

    What is Aventus?

    Aventus is a fair, secure, and transparent blockchain-based event ticketing solution that practically eliminates fraud and unregulated touting. It allows event organizers to create, manage and promote their events and tickets with dramatically reduced costs, even letting them set price controls and receive commissions on ticket resales. It also gives ticket buyers rewards for promoting events and identifying fraudulent activity.

    It is a decentralized protocol that eliminates uncontrolled resale and counterfeit tickets based on Ethereum blockchain. The main problem they are solving is the issue of unregulated touting in the ticketing industry. Aventus ensures that nobody is ripped off when buying tickets; that tickets are priced fairly, and that people are rewarded for providing value to events. With Aventus, most of the money you pay for your tickets actually benefits event organizers instead of helping resellers make profits. White paper is available for details.

    Aventus is targeting both the sports and music segments in the U.S. and the U.K. This is because of their team’s geographical reach, and the fact that they have the largest secondary market shares, which is where the main Aventus value proposition lies.

    What is Avent (AVT)?

    ‘The Aventus Token’ (AVT), is essential for aligning the economic incentives of participants such that the problems in existing ticketing industry are solved, and for ensuring that minimal fraud occurs in the system.

    Its main purposes are:

    • To provide an incentive layer to enable self-regulation of the Aventus Protocol.
      a) Legitimate apps/DApps using the Aventus Protocol so that event organizers and ticket buyers are not taken advantage of.
      b) Legitimate events on the Aventus Protocol so that apps/Dapps do not lose users by selling tickets for fraudulent tickets.
      c) Aventus Protocol algorithm parameters that determine important fees in the system such as the event-creation fee, so that the protocol can constantly evolve to remain competitive.
    • To reward early adopters of the Aventus Protocol, thereby enabling it to benefit from network effects. Network effects apply to the Aventus Protocol since as the number of events using it grows, the greater value it has to third party applications.

    AVT's Usecases

    Aventus published a detailed blog on AVT’s use cases on June 12, 2017. As per the blog, AVT can be used for:

    • Event hosting - Event is added to the Aventus protocol and an event creation fee (in AVT) is paid to the network to host the event. Event is validated by the network.
    • Ticket sales - Event starts primary market ticket sales. Event starts secondary ticket sales.
    • Voting - Voting on system parameters. Voting on legitimate applications sitting on the protocol
    • Matching -matched with buyers who have previously registered.

    Aventus Social Bounty Campaign

    Aventus announces social bounty campaign on BitcoinTalk. The bounty rewards will consist of 0.5% of total AVT supply, which is 50,000 total AVT. The bounty is split as below:

    • BitcoinTalk Signatures (10,000 AVT, 20% of bounty pool): These are for people wearing the avatar and signatures on BitcoinTalk. Stakes will be distributed weekly as follows: Hero/Legendary Member: 2.5 Stakes, Senior Member: 2 Stakes, Full Member: 1.5 Stakes, Junior Member: 0.5 Stakes. A minimum of 50 posts in the campaign period will be eligible for bounty.

    • Translation campaign (10,000 AVT, 20% of bounty pool): To be eligible, users must translate the ANN topic and maintain the local community on the BitcoinTalk forum. Must also translate each and every announcement made on the primary thread. For now, our top priorities are Russian, Chinese, Spanish, Korean, Japanese, Indonesian, French, Portuguese, Filipino, Ukrainian, Hindi/Urdu, Turkish, Italian, German, Croatian, Greek, Polish.

    • Blog posts, articles, and videos (12,500 AVT, 25% of bounty pool): They invite anyone and everyone to come and write articles, blog posts, or produce videos about Aventus and publish through the Aventus Medium channel. Articles should be 350 words, and videos should be no more than a few minutes.

    • Social network campaign (12,500 AVT, 25% of bounty pool): They would like to invite anyone to help spread the word about us on social media. To be eligible, we require you to do at least 2 of the following: 50+ Twitter retweets/likes, Like/comment every Medium post, 10 quality comments and 20 likes on Reddit, 20 shares of posts on Linkedin, 20 likes/shares on Steemit. Stakes will be distributed based on quality of posts and comments, and the number of followers you have.

    Project Overview

    For more updates, technical blogs and general discussion on Blockchain Technology and Ethereum, please join us at our Website, reddit, Facebook, Medium, steemit and follow us at Twitter. Please feel free to share this post, email us with your suggestions and connect at LinkedIn.

    #Cryptocurrency #Ethereum #Blockchain #Aventus #ticketing #events

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    IOTA Token on Bitfinex, Hits $1.5 Billion Market Cap, ranked under top 10 currencies.

    Bitfinix announced trading IOTA, starting June 13, 2017 against USD and BTC. Margin trading for IOTA pairs are enabled as the order book develops suitable liquidity. Bitfinex says that it supports the Internet-of-Things innovation and finds it in Tangle, IOTA’s blockless distributed ledger which is both scalable and lightweight; the more users on the network, the faster it becomes.

    Several factors were involved while considered IOTA for trading on Bitfinex. Some of these factors include user requests, market capitalization, design parameters, and a thorough assessment of the token’s development process; including the team behind the token, their strategies for solving technical and nontechnical problems, as well as addressing the scaling issues currently confronting traditional blockchain technologies.

    0_1497458456761_IOTA3.jpg

    IOTA surprised every one by hitting $1.5 Billion Market Cap on the inauguration day. It was recorded under 10 top cryptocurrencies which is certainly a good news for it's creators. It is trading near 0.60 USD which is certainly good for a new coin to start.

    For more updates, technical blogs and general discussion on Blockchain Technology and Ethereum, please join us at our Website, reddit, Facebook, Medium, steemit and follow us at Twitter. Please feel free to share this post, email us with your suggestions and connect at LinkedIn.

    #blockchain #IOTA #Tangle #DLT #cryptonews #IOT

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    0_1497346664760_iota2.png

    What is IOTA?

    IOTA, publically announced in 2015, is an open source project initiated for and entirely focused on enabling future applications, security, services, infrastructure, business models, governance structures and beyond.

    It is a new distributed ledger based architecture, the Tangle, which overcomes the inefficiencies of current Blockchain designs and introduces a new way of reaching consensus in a decentralized peer-to-peer system of new transactional settlement and data integrity layer for the Internet of Things (IoT).

    0_1497347485635_IOTA1.png

    Fig: The Tangle

    IOTA is the first cryptocurrency without a blockchain, that aims to establish itself as the fuel for efficient machine-to-machine (M2M) transactions. It uses directed acyclic graphs (DAG) instead of a regular blockchain, enabling various features like zero-cost transactions, infinite scalability or offline transactions.

    People can transfer money through IOTA, even infinitesimally small nanopayments can be made without any fees.

    IOTA is a public, permission-less backbone for the Internet of Things (IoT) that enables true interoperability between all devices, it is the missing puzzle piece for the Machine Economy.

    What is the Tangle?

    Tangle is a directed acyclic graph (DAG) as a distributed ledger which stores all transaction data of the IOTA network. It is a Blockchain without the blocks and the chain (so is it really a Blockchain?). The Tangle is the first distributed ledger to achieve scalability, no fee transactions, data integrity and transmission as well as quantum-computing protection. Contrary to today’s Blockchains, consensus is no-longer decoupled but instead an intrinsic part of the system, leading to a completely decentralized and self-regulating peer-to-peer network.

    Tangle is the main technology behind IOTA. To understand the technology in detail, white paper is available.

    Proof of Work in IOTA

    All IOTA's which will ever exist have been created with the genesis transaction. This means that the total supply of IOTA's will always stay the same and you cannot "mine" IOTA's. If anyone does Proof of Work (PoW) in IOTA, he is not generating new IOTA tokens, but simply verifying other transactions.

    What is the total supply of IOTA?

    The total supply of IOTA is  2779530283277761.

    IOTA is specifically designed for machines, so this high supply makes IOTA optimal for tiny nanotransactions while still keeping efficiency in mind.

    IOTA on Exchange

    IOTA is currently in Beta, It’s development roadmap can be referred for the project's progress.

    While, IOTA is still going to go through iterations and optimization in the following weeks and months until the core protocol is ready for standardization and prime time deployment in the real world on a large scale, the team announced,

    The technology is now sufficiently matured to the point we are confident that we can go on exchanges and welcome thousands of new users.

    Each individual exchange will make their own announcements of IOTA exchange listing timelines and plans, but the first exchanges will start listing IOTA on the 13th of June 2017!

    If you represent an exchange and want to begin the listing process, then contact IOTA at exchanges@iota.org for further assistance and documentation.

    Project Overview

    For more updates, technical blogs and general discussion on Blockchain Technology and Ethereum, please join us at our Website, reddit, Facebook, Medium, steemit and follow us at Twitter. Please feel free to share this post, email us with your suggestions and connect at LinkedIn.

    #blockchain #IOTA #Tangle #DLT #cryptonews #IOT

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    Bancor Network Token (BNT) with ‘massive malicious attacks’ raised more than $125 million USD

    Bancor Network Token (BNT) fundraising took off with a dramatic start. Due to massive malicious attacks on network & resulting pending transaction bottleneck, BNT allocation event minimum time had to be extended to 3 hrs. which was initially decided as 1 hr.

    BNT fundraising participation was extensive; the sale was huge. Many buyers waited for even more than half an hour to get the transaction through. Image shared by MyEtherWallet will leave everyone speechless.

    0_1497299822227_bancor2.jpg

    Bancor is already the one of the biggest crowd-sale in history with over $70M worth of Ethereum raised in its first hour. BNT managed to raise 396,720 ETH (worth more than $125 million USD), 396.7M BNT fundraiser token allocation with total 793.4M BNT supply.

    However, a few people showed their loss of confidence in BNT because of violation of the ‘ICO rules’ during the fundraising, a few also demanded refund. They were unhappy with the extension of the minimum event time from 1 hour to 3 hours. ‘Malicious attack on the network’ was controversial in the community. Many believed that it was a hype created to increase the time line as no evidence of the attack was found

    Nick Jhonson, from Ethereum.org tweeted,

    To the best of my knowledge, there’s no malicious attacks ongoing on Ethereum at the moment. Pending TXs are mostly to you.

    Changing the rules in the middle of a game is not so common in cryptocurrency fundraisers so far. It certainly dented the reputation in the community.

    Well, overall we can say that ICO fever is still on. It will be really interesting to see what happens to the price once it opens up for trading.

    For more updates, technical blogs and general discussion on Blockchain Technology and Ethereum, please join us at our Website, reddit, Facebook, Medium, steemit and follow us at Twitter. Please feel free to share this post, email us with your suggestions and connect at LinkedIn.

    #blockchain #cryptocurrency #ethereum #ICO #bancor

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    Bancor (BNT) fundraising - MINIMUM TIME EXTENDED TO 3 HOURS .

    Bancor announced the plan to run the fundraiser for 14 days or until the hidden cap is reached, with a 1 hour minimum time and deposit any contributions above the “hidden cap” into a “buyback” smart contract.

    As per the announcement on twitter, due to massive malicious attacks on network & resulting pending transaction bottleneck, BNT allocation event MINIMUM TIME EXTENDED TO 3 HOURS .

    Please note that BNT is already in fundraising process as we write, it started on June 12, 2017 at 2pm GMT.

    Stay tuned for more updates, technical blogs and general discussion on Blockchain Technology and Ethereum, please join us at our Website, reddit, Facebook, Medium, steemit and follow us at Twitter. Please feel free to share this post, email us with your suggestions and connect at LinkedIn.

    #blockchain #cryptocurrency #ethereum #ICO #bancor

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    0_1497239579121_Slide5.jpg

    News

    Project updates

    Maker - Introducing Sai

    Developer's Update

    Casper The Friendly Finality Gadget by Vitalik

    ICO / Token sale updates

    Upcoming Events

    For more updates, technical blogs and general discussion on Blockchain Technology and Ethereum, please join us at our Website, reddit, Facebook, Medium, steemit and follow us at Twitter. Please feel free to share this post, email us with your suggestions and connect at LinkedIn.

    #blockchain #cryptocurrency #ethereum #ICO #bancor #hackathon #civic #Adchain #Status #Nevada #newhampshire #sai

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    Bancor Network Token Fundraiser

    Bancor is preparing to raise 1 million Ether with the upcoming fundraiser beginning on June 12, 2017 at 2pm GMT.

    They announced the plan to run the fundraiser for 14 days or until the hidden cap is reached, with a 1 hour minimum time and deposit any contributions above the “hidden cap” into a “buyback” smart contract.

    Bancor has decided to allocate any proceeds collected in the minimum hour which exceed the hidden cap as follows:

    • 20% will be allocated to the BNT Ether Reserve, to further improve the liquidity of BNT, which increases stability while reducing conversion costs (price slippage) for all.

    • 80% will be locked for two years in a smart contract that will buy back BNT for 0.01 ETH (the initial price) whenever it is available, according to its calculated price. The purchased BNT will be added to the Foundation’s long-term budget, and after a 2-year period, any remaining ETH will be allocated pro-rata according to the “Use of Proceeds” chart in the Token Creation Terms.

    Bancor published an article on How to Contribute to the Bancor Protocol Fundraiser on June 9, 2017 to explain how to participate and be safe. BNT can be purchased using Bitcoin Suisse, Myetherwallet, Mist, Parity, imToken and Metamask.

    • 1 ETH = 100 BNT

    • Bancor Address to send Ether is 0xBbc79794599b19274850492394004087cBf89710

    • Cap will be revealed when 80% of the cap is reached.

    • BNT Token will be sent immediately to the wallet from which the ETH arrived.

    Lot of concerns are raised regarding the security precaution needed to deal with large amounts of Ether. So, the team published the security precautions with the fundraiser contributions to provide comfort to the potential buyers.

    They are offering very significant bounties to anyone who manages to find a way to pull funds out of any of the contracts. This way, hackers will still be able to earn a nice bounty, but they can do so honorably, by helping Bancor strengthen the system.
    Bancor smart contracts is built to be upgradeable, and even though this does provide it with a greater level of centralized control during the pilot phase, the team is positive that releasing this control too early is risky. To being better safe than sorry.

    We look forward to provide further updates on the fundraising which is about to start in less than 10 hrs from now.

    For more updates, technical blogs and general discussion on Blockchain Technology and Ethereum, please join us at our Website, reddit, Facebook, Medium, steemit and follow us at Twitter. Please feel free to share this post, email us with your suggestions and connect at LinkedIn.

    #blockchain #cryptocurrency #ethereum #ICO #bancor

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