Ethereum [ETH]’s Joseph Lubin says, ConsenSys is an accelerator for Ethereum

Joseph Lubin, the co-founder of Ethereum and Founder of ConsenSys was at the recent Ethereal Summit held in New York City, Knock Down Center, to speak about ConsenSys and their vision for the same. ConsenSys is a global formation of technologists and e…

Media Giant Bloomberg Set to Host the “Future of Cryptocurrencies” Live Event Sponsored by Trade.io

The “Future of Cryptocurrencies” is a first-of-its-kind live TV show where key players in the digital currency ecosystem discuss pertinent issues concerning the nascent digital asset space. It’s worth noting that on June 29, 2018, will be a half day in…

Cannabis Publication to Launch on Civil’s Decentralized News Platform

Cannabis Wire, a trade publication dedicated marijuana industry coverage, is to launch a newsroom on blockchain-based journalism platform Civil. According to an announcement from Civil, Cannabis Wire’s newsroom is targeted at offering different types o…

An Ethereum Classic Fork Snapshot Is Coming Next Week

Source : An Ethereum Classic Fork Snapshot Is Coming Next Week Next week the ethereum classic (ETC) community is expecting to receive coins from a ‘snapshot’ fork called ‘callisto’ (CLO). The clone will be an exact copy of the ETC chain up until block 5,500,000 and ETC holders will receive a 1:1 ratio of CLO coins. Also Read: China Censors Cryptocurrency Ads on Search Engines and Social Media The First High Profile Hard Fork Is About to Get Forked The funny thing about ethereum classic is that it was one of the first high profile blockchain splits and ethereum (ETH) holders received a 1:1 ratio of ETC after the hard fork at block 1,920,000. The fork was caused by members of the Ethereum community because they rejected the idea to ‘bail out’ the DAO, an ETH application that lost $150Mn that year. Some individuals firmly believe that ETC is the ‘one true’ Ethereum network. Callisto, however, is not quite like the ETC hard fork as it’s a snapshot much like bitcoin gold, bitcoin diamond, and the other clones that appeared over the past year. Callisto Developers Believe CLO Will Have Better Smart Contract Security Essentially CLO coins will share the same history as the existing ETC chain but from block 5,500,000 and forward the network will be its own. The cloning is expected to happen next week sometime on or after March 2. The reason behind the snapshot is because CLO developers believe there are issues regarding ETC’s smart contract design. According to the CLO white paper ETC is susceptible to smart contract hacks much like the DAO platform. The CLO developers plan to create a “Official Smart-contract Auditing Department of CLO & ETC,” so one could assume the snapshot may be considered an extension of the ETC community.     “The main goal of callisto is to research and develop a reference implementation of self-sustaining, self-governed, self-funded blockchain ecosystem and development environment,” explains the CLO white paper.   Callisto aims to establish a secure and contribution-friendly environment for further protocol development and improvements. It will rely on a built-in system of smart-contracts to achieve this goal. ETC holders will receive a 1:1 ratio of CLO coins after ETC reaches block 5500000.Cold Staking and a Developer Called Dexaran There’s little information on the creators of the ETC clone other than the Github page that describes the callisto network project in more detail. The developer working on the project goes by the name Dexaran, and he also has worked on an ICO called ‘DEX.’ Another aspect of the project is the introduction of ‘Cold Staking’ which acts similarly to the Proof of Stake consensus system that rewards currency holders.    “It should be noted that the ETC does not have any incentives for coin holders — The whole emission is completely controlled by miners, and their influence grows with the growth of the network. Callisto introduces a Cold staking protocol that rewards coin holders for being network participants,” explains the callisto team.  Cold staking …

Plus…An Ethereum Classic Fork Snapshot Is Coming Next Week

Kavita Gupta on Lubin, Buterin and Entrepreneurship in the Blockchain Space

Source : Kavita Gupta on Lubin, Buterin and Entrepreneurship in the Blockchain Space When ConsenSys, a Brooklyn, New York–based firm that builds decentralized applications and blockchain ecosystem tools on Ethereum, launched a $50 million venture arm, it turned to Kavita Gupta to run it. Working closely with Joe Lubin, the founder of ConsenSys and one of the early founders of Ethereum, Gupta began spearheading efforts to fund early stage Ethereum-based startups through ConsenSys’ rapidly growing network.A native of India, Gupta received the UN Social Finance Innovator Award in 2015. She has done work at the World Bank, leading the organization’s youth innovation fund. Gupta also has vast experience in the investment world, with stints at high profile firms like McKinsey, HSBC and International Finance Corporation. Following the recent Cyber Day event she presented at on the campus U.C.L.A, Bitcoin Magazine spoke to Gupta about her journey in working with ConsenSys Ventures. On Working With Joe Lubin and Vitalik ButerinA few years ago, Gupta had the good fortune of meeting ConsenSys founder Joe Lubin at a very small luncheon organized by the World Bank. “We had a three-hour conversation and I was a convert. Over the ensuing months, we kept brainstorming ideas about investments in the blockchain space. Hearing about Ethereum got me super excited!” Since joining the team as the head of ConsenSys Ventures, Gupta’s respect for Lubin has continued to grow. “He’s extremely visionary. As you know, Ethereum is a huge ecosystem and, even though ConsenSys is at the epicenter of it, there are a lot of other players taking things in various directions. So I admire Joe’s patience and faith, specifically his ability to work tirelessly each day with a smile on his face in a now 600+ person company with locales in 28 countries.” Gupta admits to having been a bit intimidated the first time she met Ethereum founder and mastermind, Vitalik Buterin, but was quickly won over. “Somehow I had it in my head that I shouldn’t approach him and that if I didn’t have a deep Ethereum coding background I’d look stupid. I kept saying to myself, he’ll think I’m just fluff. But to my surprise he gave me two hours of his time when I first met with him in China.“He’s a very simple, very humble, very sweet, super genius guy. While others have their opinions about him, the Vitalik I know has a very, very high emotional intelligence. I really deeply respect him. Our entire team respects him.” Gupta has had some experience interacting with infamous, groundbreaking men in the technology space.“I attended MIT when Mark Zuckerberg and Dustin Moskovitz [were starting] Facebook while at Harvard. Many of us kept bumping into the two of them, which gave us the opportunity to express what we liked or didn’t like about the Facebook wall. We could easily reach them and talk to them as though they were a friend. I feel like working with Joe and Vitalik is kind of like this: two people …

Plus…Kavita Gupta on Lubin, Buterin and Entrepreneurship in the Blockchain Space

CoinDesk, NYCEDC to hold Blockchain Week in May

Source : CoinDesk, NYCEDC to hold Blockchain Week in May CoinDesk, Inc, the leading digital media, events and information services company for the crypto and blockchain community, will partner with New York City Economic Development Corporation (NYCEDC) to sponsor “Blockchain Week New York City”. Running May 11-17, its goal is showcasing New York as a rising hub for blockchain jobs and innovation. “Blockchain Week New York City” will feature a series of events, anchored by headline event Consensus, an industry Hackathon and first-ever Blockchain Job Fair, free to any member of the public. Companies exhibiting at the job fair include IBM, Accenture, ConsenSys, Ripple, KPMG and Ledger. The purpose of the joint initiative is to not only boost blockchain-related employment opportunities in New York, but also establish New York City as a growing center for the blockchain community. “New York City is home to many of the world’s leading blockchain companies, as well as some of the largest events in the industry, and it’s rapidly becoming the global blockchain capital,” deputy mayor for housing and economic development Alicia Glen said. “We’re thrilled to be partnering with CoinDesk on Blockchain Week New York, helping New Yorkers access these quality innovation jobs, and raising awareness of this transformative technology. We are committed to keeping New York City a leader when it comes to innovation and jobs within emerging sectors.” CoinDesk, who hosts the perennially sold out Consensus each May, attracts thousands of blockchain programmers, software developers, corporate executives, traders, investors, institutions and money managers to their marquee event. Consensus will be held at the Hilton Midtown, the same location as the Job Fair. “Our joint initiative with the NYCEDC will see “Blockchain Week New York City” become one of the most important weeks in the entire blockchain industry, anywhere in the world,” CoinDesk CEO Kevin Worth said. “Right now, there are simply not enough people working in the blockchain industry because of its historic growth trajectory in such a short period of time. “We’ve seen an immense demand for talent in terms of diversity, skills, and backgrounds, which has created a huge gap between the labor market and industry needs. Our partnership with the NYCEDC is a tremendous opportunity to shrink that gap, leveraging the unparalleled diversity and skill of the New York City labor market to strengthen the industry and establish the tri-state region as the world-leading hub for blockchain technology development, and a hot spot for high potential jobs.” The economic boom experienced by the blockchain and crypto industry has created thousands of job opportunities across the world, but the high demand has outmatched the supply of applicants. NYCEDC is a not-for-profit focused on economic development within New York City, promoting job creation across multiple verticals in emerging sectors. Blockchain Week New York City will officially commence on May 11, while the Job Fair will be held on Wednesday May 16th from 2:00 pm – 5:00 pm. The fair will include representation from major companies in the industry, and will …

Plus…CoinDesk, NYCEDC to hold Blockchain Week in May

ConsenSys Ventures Leads Investment into BlockFi to Bring Lending to the Cryptoasset Market

Source : ConsenSys Ventures Leads Investment into BlockFi to Bring Lending to the Cryptoasset Market BlockFi, a New York-based, fintech company, has raised USD 1.55 million in funds from investors led by ConsenSys Ventures, the venture capital arm ConsenSys, which develops apps and tools based on Ethereum, according to a statement released today. BlockFi aims to use the funds to develop its first product, a secured loan for cryptoasset owners, bringing […] Please click here to read the article in full – ConsenSys Ventures Leads Investment into BlockFi to Bring Lending to the Cryptoasset Market. This article first appeared first on Blockchain News.

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