Aragon Token and Token Sale audit
Jordi Baylina, the reviewer who has been working with Aragon developers closely, for improving the code reviewing and fixing issues in Aragon contracts, has reported, “After analyzing the code for 8h, I don’t see any issues that can affect the security of funds in these smart contracts“, on May 10, 2017.
He suggested that smart contracts in ANT has characteristics that help mitigate potential security issues.
All the ether will be held in a very simple contract SaleWallet and then will be transferred to a multisig (developed by Consensys and used in other important projects like Gnosis and Golem to hold several million dollars worth of ether) upon completion of the sale.
All transactions that move ethers and Tokens are logged in the blockchain, so in the worst case scenario, it will always be possible to reconstruct the correct token balances.
- The core of the token contract is based on the MiniMe Token (ERC20 clonable token) developed by him and has been successfully implemented important projects like Swarm City and Giveth for months now.
This makes the probability of losing any ether even if there is an unseen bug in these contracts very low. So, basically ANT is secured.
Notes for token holders
The collected ether will go to the multisig aragonDevMultisigcontrolled by a series of accounts that can move the ether where they desire. It’s important to know who will control this multisig.
The token will be controlled by the owners of the so called communityMultisigit is important to know who control this multisig.
In the contract there is a soft cap and a hard cap. It is possible that they collect more ether than the soft cap if they reveal the cap after this limit is reached.
#cryptonews #Ethereum #Aragon #ANT #blockchain #etherworld #ICO
Ten energy companies - Royal Dutch Shell plc, Centrica plc, Elia, Engie, Sempra Energy, SP Group, Statoil ASA, Stedin, TWL (Technical Works Ludwigshafen AG), and Tokyo Electric Power Co (Tepco) have joined forces to support the Energy Web Foundation (EWF), a Switzerland based non-profit organization whose mission is to accelerate the commercial deployment of blockchain technology in the energy sector.
What is Energy Web Foundation (EWF)?
Energy Web Foundation (EWF) is a partnership between Rocky Mountain Institute and Grid Singularity. Rocky Mountain Institute (RMI), is an independent, U.S.-based nonprofit organization focused on driving the efficient and restorative use of resources. Grid Singularity is an internet-based decentralised energy data management and exchange platform built on the most advanced blockchain technology. It has been created by a team of experienced energy market professionals, in partnership with leading blockchain technology developers at Ethcore, who are principal founders of the open source not-for-profit organisation Ethereum.
EWF announced closer of its first funding round where they raised fund of $2.5 millions and also introduced their first ten affiliates through a press release on May 8, 2017.
Blockchain technology in Energy
One of the unique feature of blockchain technology is to reduce transactional costs by keeping a single logical copy of transaction records—avoiding the need for reconciliation and settlement. This attribute enables blockchain to be potential game-changer in the energy sector. It can be used to reduce the cost of utility bills or the need for working capital in wholesale market gas or electricity transactions. On the game-changing side, blockchain technology can allow millions of energy devices (HVAC systems, water heaters, electric vehicles, batteries, solar PV installations) to transact with each other at the distribution edge while providing support to utilities and grid operators to integrate more utility-scale variable renewable energy capacity at much lower cost.
Grid Singularity, together with its partner Parity Technologies, is leading the development of an open-source, energy-specific blockchain infrastructure that will be maintained by EWF and supporting affiliates. Grid Singularity is planned to bring the most advanced blockchain technology, addressing the limitations in terms of speed and transaction costs of the currently available blockchains, and enabling features that are focused on supporting energy-specific applications.
“The current test-network ‘Kovan,’ which is a proof-of-concept for the new consensus algorithm, has the ability to perform up to 1,000 transactions per second (tps) and is already used by many blockchain start-ups. By embedding further state channel technology, we intend for our architecture to facilitate scaling to 1 million tps over the next several years,” Ewald Hesse, chief executive of Grid Singularity and vice-president of EWF, said. “With the ‘Polkadot’ design conceived by Parity Technologies, we are also introducing the concept of interoperability among multiple blockchain architectures, which should free users from technology lock-in.”
Along with the development of an open-source IT infrastructure, EWF also will work on analyzing use cases and organizing task forces to push the most promising use cases into proof of concepts and commercial applications, while incubating an ecosystem of application developers, and cooperating with regulators and standardization bodies to facilitate deployment. EWF is actively soliciting collaboration with other technology providers eager to support the open-source approach of eliminating energy market entry barriers.
#cryptonews #Ethereum #Energy #Blockchain #EWF #EtherWorld
Aragon Network is everything one needs to run a company on Ethereum like Cap table, governance, fundraising, payroll, accounting, bylaws. It provides Ethereum based ecosystem for companies to be based on it. It is extremely customizable, one can get everything in a unified, beautiful interface. Aragon Network wants to solve multiple issues such as ease of use, contract upgradeability, a decentralized arbitration system, standardization etc. in order to make decentralized organizations widespread by either itself or partnering with others in long term. They put a huge effort and plans to invest even more resources into usability and design to make sure non-technical users can easily use it.
The Aragon Network is a token-governed digital jurisdiction that focuses on creating the best conditions for true global indiscriminatory economic growth. Essentially, the Aragon Network is an ecosystem where organizations, entrepreneurs, and investors can efficiently and securely transact without risk of technical bugs or malicious parties. It will be able to be seamlessly upgraded and solve human disputes using a decentralized court system. The Aragon Network has its own token, ANT, which will be used to govern every single aspect of its functioning.
Aragon companies have some great advantages:
No paperwork, extremely cost efficient
International from day one
Tokens are liquid from day one—founders, employees and investors can trade their shares seamlessly
Friendly and fast — no intermediaries involved
Transparent and accountable
Aragon ecosystems can be adopted by purely distributed companies and open source projects. Companies built in Aragon will be investor-friendly and can have all the accounting, participate in the votings, see how much runaway the company has… all in a very user friendly way.
How to participate in the Aragon Token Sale?
Jorge Izquierdo, Tech Lead @AragonProject, announced on May 8, 2017, the way to Securely Participate in the Aragon Token Sale. In the blog, he listed the sources to trust for ANT sale information, and provide instructions for purchasing.
The Aragon Network Token (ANT) can be purchased using
To mitigate the risk of denial of service (DoS) attacks, they’ve purposely spread the sources one can obtain the sale address over multiple services:
The sale website will be hosted on Github Pages behind Cloudflare, which is used as a CDN for cache.
The blog-post will be hosted by Medium.
One can prepare his transaction before hand (as explained in the Advanced MyEtherWallet tutorial) and broadcast it from any Ethereum node to avoid being affected by wallets being too congestionated.
The Aragon (ANT) ICO is planned on May 17, 2017.
#cryptonews #Ethereum #Aragon #ANT #blockchain #etherworld #ICO
(Blockchain Newspaper )
- Ethereum reached $100 mark
For the first time in history, Ethereum's token (ETH) price crossed $100 mark on May 5 2015, reaching an all time high. Ethereum is world's second-largest blockchain platform.
Coinbase add support for Litecoin
In an effort to shift supporting more types of digital assets over the coming year, The Coinbase blog announced on May 3 2017 that Coinbase is adding support for Litecoin. Customers can now easily buy, sell, send, and store Litecoin via the Coinbase website or mobile apps.
Charlie Lee, the creator of Litecoin tweeted, “My life is complete.“
Wipro joins Etnterprise Ethereum Alliance
Wipro announces joining Enterprise Ethereum Alliance (EEA) as Founding Member to Develop Enterprise-Grade Blockchain Solutions in a press release on May 4, 2017.
- Segwit locks in on Litecoin
Litecoin surpassed the required number of signaling blocks needed to activate Segregated Witness (Segwit) on Wednesday, May 3, 2017. Segwit is therefore locked in on Litecoin. “After Segwit is locked-in, it will activate,” wrote Segwit’s development team.
Charlie Lee tweeted, “SegWit on Litecoin will be locked in in ~19 hours, but we already reached the required number (6048) of signaling blocks. SegWay is locked!”
- Florida 'Virtual Currency' Law passed.
Money laundering charges could be faced by criminals in Florida for using Bitcoin.
Both houses approved the bill and is now heads to the desk of Gov. Rick Scott for approval.
ENS live on mainnet.
Ethereum Name Service (ENS) goes live on Ethereum's main net as of 1100 UTC on May 4, 2017.
TKN is live now.
Monolith Studio announced that TokenCard (TKN)is finally live and transferable from May 6, 2017.
TokenCard ICO sold out in less than an hour.
Bancor, the new partner of TokeCard announces ICO on May 30, 09:00 GMT.
- VOISE is a decentralized music streaming platform built around an Ethereum token that helps indie artists profit from their work launced ICO on May 6, 2017.
VOISE Twitter account reported “ Less than 2 hours to receive 25% bonus in #VOISE crowdsale.“ 25% bonus was announced during the first 16 hours!
Blockchain around the World
- United Nation using Ethereum.
#Cryptonews #TKN #Ethereum #blockchain #UN
- Ethereum reached $100 mark
Qn. : According to ens.codetract.io, there have been more auctions started than bids placed. What happens when auctions are finalized without bid? Can they be re-auctioned again later?
Ans : by nickjohnson
Yes, the name can be put up for auction again at any time after it ends without bids.
There's more auctions than bids because the DApp opens a couple of 'chaff' auctions for each real one, to make it harder to guess which name someone is bidding on.
Qn. : 1) I opened the auction 2) made a bet and transferred the Ether How to open a bet, so as not to lose the ether? Or is the rate displayed automatically after 48 hours?
Ans : by nickjohnson
The dapp will guide you through the process if you visit it during the reveal period
Florida 'Virtual Currency' Law passed - Money laundering charges could be faced by criminals in Florida for using Bitcoin.
Florida has been long waiting to have any regulation on Bitcoin.
According to MiamiHerald, “Criminals who use the virtual currency known as Bitcoin can be convicted of money laundering under a Florida law passed by lawmakers late on Friday. Both houses approved the bill, which now heads to the desk of Gov. Rick Scott for approval.” If the governor signs the law, “virtual currency” will be added to the definition of “monetary instruments” covered under Florida's Money Laundering Act, which would then be defined as a “medium of exchange in electronic or digital format that is not a coin or currency of the United States or any other country.”
Espinoza's 'money laundering' case in Florida
The case of “money laundering” against Michel Espinoza who sold $1,500 worth of Bitcoin to an undercover cop was dismissed last year by Judge Teresa Mary Pooler.
Michel Espinoza was a young computer programmer and early bitcoin trader who was arrested in January 2014, and later charged with dealing in currency without a money transmitter license and attempted money-laundering. Espinoza’s legal team then filed a motion to dismiss the case with the argument that Bitcoin is not defined as currency under Florida law, so the charges cannot apply. This case was the stimulator for the state. Miami-Dade officials were not pleased with the result of the Espinoza trial, and the state appealed the judge’s decision. This case probably had boosted the strong need of a law related to digital currency in the state of Florida.
As reported earlier, Miami-Dade Circuit Judge Teresa Mary Pooler ruled that Bitcoin was not backed by any government or bank, and was not “tangible wealth” and “cannot be hidden under a mattress like cash and gold bars.”
“The court is not an expert in economics; however, it is very clear, even to someone with limited knowledge in the area, the Bitcoin has a long way to go before it the equivalent of money,” Pooler wrote in an eight-page order.
The judge also wrote that Florida law — which says someone can be charged with money laundering if they engage in a financial transaction that will “promote” illegal activity — is way too vague to apply to Bitcoin.
“This court is unwilling to punish a man for selling his property to another, when his actions fall under a statute that is so vaguely written that even legal professionals have difficulty finding a singular meaning,” she wrote.
Blockchain regulations in USA
Under current Florida law, “money laundering can apply to host of financial transactions designed to hide funds earned through criminal activity, or further that activity. That includes bank deposits, wire transfers and even investments.”
Florida lawmakers have come down hard on Bitcoin because of it's alleged use in cyber crimes. Digital currency (Bitcoin) is decentralised and can be used to buy legitimate goods and services through websites and even in brick-and-mortal shops and restaurants. But can be used to traffic drugs, most notoriously through the Silk Road “dark web” online network. In another prominent example, a South Florida man was sentenced to 10 years in prison after using bitcoins to buy Chinese-made synthetic heroin. An alert on Virtual Currency was also issued in past by the state.
As per IRS, Bitcoin or any other 'Virtual Currency' is treated as property and not as currency for U.S. Federal tax purposes .
#cryptonews #florida #bitcoin #blockchain #virtualcurrency
TKN is live now.
TokenCard (TKN) is finally live and transferable announced by Monolith Studio on May 6, 2017. TokenCard is a blockchain based VISA-DEBIT card that uses Ethereum network for payment. Its ICO was launched by DigixGlobal & Monolith Studio in partnership on May 2, 2017 and in less than an hour it was sold out. But a server-side bug amused some trouble in the original deployment.
They worked with a skilled third party auditing team to independently come to the same total TKN amount issued, cross-reference, and then deploy. TokenCard has been has been added to MyEtherWallet and is available at Etherscan.
Qn. How does someone go about doing the reveal phase of ENS without using the console? Is there a way to do with Mist/Parity/MetaMask?
Answer by nickjohnson
"If you bid using the DApp at registrar.ens.domains, you can reveal there. If you did it otherwise, you can use MEW's reveal page."
Wipro is a leading global information technology, consulting and business process services company that delivers solutions to enable its clients do business better. It delivers winning business outcomes through its deep industry experience and a 360 degree view of “Business through Technology.” By combining digital strategy, customer centric design, advanced analytics and product engineering approach, Wipro helps its clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, Wipro has a dedicated workforce of over 170,000, serving clients across 6 continents.
Wipro has been actively working on Ethereum to develop enterprise blockchain-based industry solutions and assets on a number of industry use cases. These solutions include Delivery versus Payments (DvP) settlement for securities and capital markets, skip-trace consortia for banking, peer-to-peer (P2P) insurance for the sharing economy, anti-counterfeit solution for supply chain traceability and many more.
Ethereum is an open-source, blockchain-based distributed computing platform, featuring smart contract functionality. The EEA seeks to augment Ethereum adoption as an enterprise-grade technology, with research and development focused on privacy, confidentiality, scalability and security.
Wipro’s Blockchain Innovation Lab, is part of its Blockchain COE (Center of Excellence), fast tracks the provisioning of blockchain environments to build use-case specific blockchain industry solutions. The COE focus is to enable client businesses innovate and to stay in tune with the emerging technology trends in blockchain by conducting proof of technology experiments around areas like scalability, performance and security of blockchain platforms. To enable enterprise level talent development on blockchain technologies like Enterprise Ethereum, Wipro has also created a Blockchain Academy to build in-house competency through a multi-level program.
"The EEA benefits from a diverse, yet enterprise-focused membership base. Wipro brings a global perspective on IT strategy and operations to this alliance. We are very pleased to have Wipro as a member as we launch the Enterprise Ethereum Alliance." - Jeremy Millar, founder of Enterprise Ethereum.
“We are excited to be a part of the founding team of the Enterprise Ethereum Alliance and contribute towards key aspects such as security, privacy and scalability as they will be the key determinants in accelerating blockchain adoption within enterprises. Enterprise Ethereum is a great way to fast-track enterprise adoption and Ethereum is one of the fastest growing technology platforms used by our clients for developing and deploying enterprise blockchain.” - Krishnakumar N Menon, Vice President, Service Transformation, Wipro Limited.
“It’s great to have Wipro as a founding member of the Enterprise Ethereum Alliance. Having organizations like Wipro driving purpose-built solutions and accelerating innovation for businesses, adds significant credibility to the Enterprise Ethereum ecosystem.” - Marley Gray, Principal Blockchain Architect, Microsoft.
Enterprise Ethereum Alliance
Enterprise Ethereum Alliance (EEA) is a collaboration of enterprises to promote, develop and implement enterprise grade Ethereum-based blockchain applications across industries for specific business use cases. Enterprise Ethereum is an alliance created in partnership with the leading banking, technology and blockchain firms to produce the industry standard, open source, free to use blockchain solutions that will be the foundation for businesses going forward.
It is a nonprofit organizations which will guide the engineering of a standard blockchain technology based on the Ethereum blockchain and customized for the needs of all enterprise members. The group aims to provide the tools to make Ethereum, which currently faces scalability and privacy challenges, more usable for companies. It is backed by some of the biggest names in the sectors of finance and software - Intel, Microsoft, J.P. Morgan, BP and Accenture. More than 30 companies had joined the alliance so far.
“Enterprise Ethereum Alliance also fosters collaboration within the emerging community of blockchain developers. We look forward to working actively with the members of this alliance to shape the blockchain adoption by enterprises.” - Wipro Limited.
#Cryptonews #blockchain #Wipro #EEA #Ethereum