Bo Shen of Fenbushi Capital Joins Hedera Hashgraph as Strategic Advisor

… to significantly more developers and users to create accounts and test the smart contract and file service components of the Hedera platform.

Follows Announcement of Initial Council Members; First Council Meeting and Annual Assembly in Seoul, Korea

Bo Shen

Dallas, TX and Hong Kong (TOKEN2049), Mar 13, 2019 – (ACN Newswire) – Hedera Hashgraph, a next-generation public ledger designed to have highly diversified governance and the most distributed consensus at scale, has appointed Bo Shen, General Partner of Fenbushi Capital, as a strategic advisor.

Founded in 2015 by Shen, Fenbushi is the first China-based venture capital firm that exclusively invests in distributed ledger-enabled companies. Shen is a veteran of the traditional financial industry, accumulating years of senior management experience in brokerages, hedge funds and investment banks. He also previously co-founded Invictus Innovations Inc, the team behind BitShares.

“Hedera Hashgraph is the next evolution of everything we’ve hoped distributed ledger technology could be,” said Shen. “It delivers the speed, security and reliability required for both enterprises and every day consumers to adopt and embrace decentralized business models. With the recent announcement of the first tranche of Council members, representing some of the most reputable global brands, Hedera continues to demonstrate its commitment to being enterprise-ready for mission-critical applications. I’m excited to help champion Hedera’s growth and adoption of the technology within the APAC region.”

“Mr. Shen brings a wealth of experience and relationships in the distributed ledger technology industry,” said Edgar Seah, Head of APAC, Hedera. “We are excited and honored to have him join our board of advisors as we move into this next phase of our development.”

Shen’s appointment follows growing momentum for Hedera’s hashgraph technology, and a keen focus for Hedera on the APAC region. Hedera recently unveiled its first set of Hedera Governing Council members – Deutsche Telekom, DLA Piper, Magazine Luiza, Nomura Holdings, Inc., and Swisscom Blockchain AG – at Hedera’s first Annual Assembly in Seoul, South Korea.

CIO, CTO & Developer Resources

The Hedera mainnet officially went live, and the platform’s hbar coins were generated, in August 2018. During the initial phase of Hedera’s community testing program, 5,000 users created accounts and tested the platform’s cryptocurrency services, and hundreds of developers began to test and build applications on testnets. Hedera will next launch phase two of the community testing program, opening the network to significantly more developers and users to create accounts and test the smart contract and file service components of the Hedera platform. After testing programs are complete, Hedera expects to open access to the beta version of the network so that anyone can sign up for a Hedera account, use the network, and develop applications on the platform.

“We are seeing strong interest in Hedera from APAC-based organizations, and we continue to grow our regional presence and extend access to developers keen to build on top of the industry’s leading distributed ledger platform,” said Seah. “We are extremely excited about the range of applications that will leverage our technology and catalyze entirely new classes of uses for distributed ledgers as well as new business models.”

About Hedera

Hedera Hashgraph is a public distributed ledger for building decentralized applications. Developers can build secure, fair, blazing-fast decentralized applications on top of Hedera. For more information, visit https://www.hedera.com, or follow us on Twitter at @hashgraph, Telegram at t.me/hashgraph, or Discord at https://www.hedera.com/discord. The Hedera whitepaper can be found at https://www.hedera.com/whitepaper.

For Media Enquiries

Zenobia Godschalk

E: [email protected]

T: 1.833.794.7537 x 717

Source: Hedera Hashgraph, LLC

Copyright 2019 ACN Newswire . All rights reserved.

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Crypto Pioneer Peter Todd Says Bitcoin’s Smart Contacts Are Most Effective At Bitcoin Expo 2019

“Bitcoin, in production, is the most successful smart contract platform because it is very simple. Because it relies on very simple things and very clearly …
Crypto-Pioneer-Peter-Todd-Says-Bitcoins-Smart-Contacts-are-Most-Effective-at-Bitcoin-Expo-2019Crypto-Pioneer-Peter-Todd-Says-Bitcoins-Smart-Contacts-are-Most-Effective-at-Bitcoin-Expo-2019

Bitcoin Core Engineer Peter Todd Thinks That Bitcoin Is The Most Successful Smart Contract

The MIT Bitcoin Club had held the 6th Annual Expo to be held on March 9th and 10th, 2019 at MIT. Peter Todd, a prominent Bitcoin Core Engineer spoke about Bitcoin being an effective smart contract platform.

https://twitter.com/BitcoinMagazine/status/1104739670439723011

He talked about other EOS and other smart contracting platforms that are permissionless in nature. Todd notes that most of these smart contracting platforms use only mediocre technology.

He stated:

“Bitcoin, in production, is the most successful smart contract platform because it is very simple. Because it relies on very simple things and very clearly which actually works. I talk with smart smart contracts have extensionally legal contracts but the important thing is to have a contract which you can enforce with technology.”

Smart contracts are computer programs stored in a blockchain. They can be used to automate the unstoppable transfer of crypto-tokens between users, according to agreed-upon conditions. The Bitcoin protocol can be used to create smart contracts. Bitcoin provides the ideal mix of smart contract functionality — enough to make smart contracts easy to implement but without the security and privacy risks of a more complicated platform like Ethereum.

As the Bitcoin protocol has evolved, it has gained support for smart contracts. Smart contract functionality is not as programmable and extensible on Bitcoin as it is on Ethereum. However, using features added to Bitcoin through improvement proposals, certain smart contract functionality can be achieved through Bitcoin scripting.

There are many dozens of Bitcoin-based blockchain projects out there, but most are simply building cryptocurrencies forked from Bitcoin. They’re not taking advantage of Bitcoin’s potential to create the foundation for a completely decentralized platform that supports a multitude of DApps and programmable functionality.

Ethereum Classic Price Changed by 1.14 percent

At the same time Ethereum Classic ETC/BTC on Bitfinex exchange is 4.26. The trading volume on Bitfinex is 108648.11. Ethereum Classic ETC/KRW …

As at 2019-03-12 average Ethereum Classic price is 4.29604404 USD, 0.00109930 BTC, 0.03201844 ETH.

Ethereum Classic ETC/IDR on Indodax (Bitcoin Indonesia) exchange is 4.35. The trading volume on Indodax (Bitcoin Indonesia) is 29395.34.

At the same time Ethereum Classic ETC/BTC on Bitfinex exchange is 4.26. The trading volume on Bitfinex is 108648.11.

Ethereum Classic ETC/KRW on Bithumb exchange is 4.22. The trading volume on Bithumb is 409934.75.

Ethereum Classic ETC/BTC on C-CEX exchange is 4.92. The trading volume on C-CEX is 0.00.

Ethereum Classic ETC/BTC on Coinexchange exchange is 4.24. The trading volume on Coinexchange is 2689.49.

It’s noteworthy that is issued into circulation Ethereum Classic.

Ethereum Classic average change within 24 hour is 1.14 against USD, 0.78 against BTC, 0.55 against ETH. Weekly report: -0.12 against USD, -0.79 against BTC, 1.86 against ETH. Monthly report: 6.22 against USD, -0.88 against BTC, -6.36 against ETH.

In this regard, 24 hour trading volume is 126936392.28193000 USD or 32481.31879848 BTC. At the same time Ethereum Classic market capitalization is 467898507 USD or $119728 BTC.

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From March 11-12 Genaro Network (GNX) has declined more than -0.62%

Genaro Network is an Ethereum-based storage network, providing blockchain developers a one-stop solution to deploy smart contracts and store data …

It was bad day for Genaro Network (GNX), as it declined by $-0.000115046099999998 or -0.62%, touching $0.0182923299. Cryptocoin Experts believe that Genaro Network (GNX) is looking for the $0.02012156289 goal. According to 3 analysts could reach $0.0279269814491712. The highest price was $0.0190209552 and lowest of $0.0172952637 for March 11-12. The open was $0.018407376. It last traded at OKEX exchange.

For a month, Genaro Network (GNX) tokens went up 11.06% from $0.01647 for coin. For 100 days GNX is down -21.19% from $0.02321. It traded at $0.0636 200 days ago. Genaro Network (GNX) has 650.00M coins mined with the market cap $11.89M. It has 675.00 million coins in circulation. It was founded on 28/09/2017. The Crypto GNX has proof type and operates under algorithm.

Genaro Network is an Ethereum-based storage network, providing blockchain developers a one-stop solution to deploy smart contracts and store data simultaneously.

One of the major components of the Hub is the Genaro Accelerator, a resident incubation and acceleration platform that supports the creation of the DAPPS that utilize the Genaro Network. It provides mentorship, technical expertise, marketing support, and community funding to allow the teams and projects to grow.

GNX is an ERC20 token that powers Genaro Network.

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Ethereum’s ProgPoW Mining Change to Be Considered for Istanbul Upgrade

The code designed to enact ethereum’s next system-wide upgrade, Istanbul, may feature the inclusion of a controversial mining algorithm said to allow …

The code designed to enact ethereum’s next system-wide upgrade, Istanbul, may feature the inclusion of a controversial mining algorithm said to allow for broader participation in its network.

Discussed Tuesday during a meeting of project managers working on the world’s second-largest blockchain, Ethereum Improvement Proposal (EIP) 1057, also known as Progressive Proof-of-Work (ProgPoW), has been long debated. On one side are those who believe it will limit large miners from dominating the $655 million annual market for new ether issuance, on the other are those who believe it does not go far enough in leveling access.

Now, with a recent hard fork successfully activated in late February, discussions on ProgPoW appear to be back in full swing. As suggested by Tim Beiko in Tuesday’s call, ProgPoW will be raised as a formal agenda item for discussion among core developers in a call this Friday.

Those assembled on Tuesday’s call said they plan to push for EIP 10557 to be included, should two third-party audits find no technical reasons for a delay.

Beiko said:

“In the worst case, if the audit comes with a huge red flag in it, we can pull that EIP out before Istanbul but assuming that everything goes well, we’ve already done the work … and the audit is just validation afterwards.”

Encouraging this suggestion to be raised to ethereum’s core developers, developer Lane Rettig estimated that the final EIP approval deadline for all Istanbul code changes would be sometime in mid-May.

“That’s something that would have to be brought up in the next all core devs call,” said Rettig.

Two-part audit

However, as the call shows, the results of the audit, aimed at solidifying the measurable benefits of a mining algorithm change, remain to be seen.

As community relations manager of the Ethereum Foundation Hudson Jameson wrote in a developer chatroom, “As far as the audit goes there are two components: benchmarking and examination of how long/efficient a ProgPoW ASIC would be.”

Jameson explained the audits would serve to “make sure it is even worth it to implement ProgPoW or if ASICs can be made super quickly (like less than nine months) and with more speed increase.”

Such comments acknowledge criticisms shared by investors including Dovey Wan and Martina Long who argue the growing number of ASICs on the ethereum blockchain “is largely a non-issue for ethereum,” especially given the planned switch to a new consensus protocol known as proof-of-stake (PoS).

Other community members see the continued scrutiny of ProgPoW as feet-dragging that is holding back an issue that has already achieved consensus.

Writing on an Ethereum Magicians forum on the ProgPoW audit, user “Anlan” warns:

“The whole point of ProgPoW on [ethereum] is to slow down incoming wave of ASICs and to prepare a more leveled field for any mining device. All [these] delays only give room to ASIC manufacturers to organized a counter-offensive move and prepare for a contentious [hard fork.]”

Mining rigs via Shutterstock

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