Hedera Hashgraph to Launch Phase II of Community Testing Program

Over 200 Million HBAR Coins Will be Made Available to Developers and Users Testing the Hedera Network

Hedera To Publish Three Open Source Libraries as Part of Phase II, Joins Hyperledger

DALLAS, May 9, 2019 /PRNewswire/ — Hedera Hashgraph, an enterprise-grade public ledger designed to have highly diversified governance and the most distributed consensus at scale, has announced that Phase II of the Community Testing Program for the Hedera Platform will launch on May 13th, 2019. The second phase of the program will allow developers and users to test different network capabilities prior to the mainnet open access. The company further announced that in conjunction with Phase II, it will open source both iOS and Android versions of the Hedera Wallet, as well as the Hedera Browser Extension, and WordPress Plug-In. These applications will be available in this community testing phase to test peer-to-peer micropayments and inspire developers to create use cases for the services on the Hedera network.

Hedera Hashgraph (PRNewsfoto/Hedera)Hedera Hashgraph (PRNewsfoto/Hedera)
Hedera Hashgraph (PRNewsfoto/Hedera)

Mance Harmon, CEO and Co-founder of Hedera Hashgraph, said, “Community testing is invaluable to the success of the Hedera network. Phase II of our Community Testing Program marks another milestone for us. Early on, we saw the potential for hashgraph to make peer-to-peer microtransactions a reality, processing many thousands of transactions per second, making it the ideal distributed ledger to reshape online services. Phase I of this program concluded earlier this year, and we are excited to build on this progress.”

Starting on May 13th, users will have the opportunity to test the Hedera network’s capability to validate peer-to-peer micropayments, support third-party development of payment services, and compute smart contracts. Hedera will make over 200 million HBAR coins available to those who test the network, providing an opportunity for both the hashgraph developer community and individual users to earn coins for their contributions. In addition, any website or application can display their public Hedera account ID as a QR code to receive donations in HBAR.

Hedera Hashgraph today also announced it is joining Hyperledger, one of the largest enterprise open source communities focused on the advancement of cross-sector distributed ledger technologies. As part of its new Hyperledger membership, Hedera will make available open source samples that demonstrate ways of using Hedera with Hyperledger, and plans topublish an open source Hyperledger library.

“As we work to open the Hedera network to everyone, we want feedback and contribution from our incredible developer community, so that we can disrupt the tech world together. Enabling peer-to-peer micropayments for use by developers throughout the world will help lead us to a future where personal data is no longer exchanged for online services and where monthly subscriptions are no longer the norm. Enormous industries are on the brink of change,” concluded Harmon.

To take part in phase II of the Community Testing Program for the Hedera network, starting on May 13th, create a Hedera Profile at portal.hedera.com. All users must verify their identity to participate in the program and be eligible for rewards.

For more information, visit www.hedera.com.

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.

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Hyperledger Fabric optimizations increase transaction speed 7x times

Researchers at the University of Waterloo (Ontario, Canada) have managed to increase the speed of Hyperledger Fabric blockchain transactions almost 7x through a series of optimizations (from 3,000 to 20,000 transactions per second).

According to the official announcement, to speed up the blockchain, the researchers designed and implemented several architectural optimizations based on common system-design techniques. These improvements included the redesigning of its ordering service, transaction service, and data management layer – three steps that together increase transaction throughput and decrease the delay before a transfer of data begins following an instruction.

“Hyperledger Fabric has many applications. Our goal was to accelerate them all by accelerating the engine underneath it,” said Christian Gorenflo, a PhD Candidate in the David R. Cheriton School of Computer Science at the University of Waterloo. “Our modifications are completely under-the-hood. Fabric’s application programming interfaces and modularity stay intact, so existing applications work just as before.”

“Increasing transactions throughput to 20,000 per second is a good start, but we would like to take Hyperledger Fabric even further,” said Professor Srinivasan Keshav, a professor in the Cheriton School of Computer Science.

Hyperledger Fabric is a blockchain used around the world in a variety of industries and sectors from securing land registries to tracking diamond shipments and tracing the source of agricultural products. Among the most well-known applications of Hyperledger Fabric is IBM’s Food Trust, which uses the blockchain to make food supply chains safer and more sustainable.

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Is Ethereum becoming the new open-blockchain standard as Amazon gets into blockchain?

Amazon is making its entry into the blockchain space, via a new tool available through its AWS (Amazon Web Service) to “create and manage scalable blockchain networks” via open-blockchain networks like Ethereum.

You can now create & manage scalable blockchain networks with generally available Amazon Managed Blockchain. https://t.co/qoPDufNVl0pic.twitter.com/z2M804vwgm

— Amazon Web Services (@awscloud) April 30, 2019

Why Ethereum?

Amazon has said that “Ethereum is well suited for highly distributed blockchain networks where transparency of data for all members is important”. They gave the example of a “customer loyalty blockchain network that allows any retailer in the network to independently verify a user’s activity across all members to redeem benefits”.

In the press release, Amazon said that businesses can setup a blockchain network spanning multiple AWS accounts in the management console. AMB supports two frameworks — a business’s choice of Ethereum or Hyperledger Fabric. The former is the fruit of the combined labours of IBM and the Linux Foundation — part of the Hyperledger Project, which features as part of IBM Blockchain, a Performance-as-a-Service offering.

It must also be noted that Ethereum isn’t actually supported yet, with a planned schedule to come online in the summer.

How it will work

Amazon Managed Blockchain will be used to “easily create and manage scalable blockchain networks”. The new service will launch on Hyperledger Fabric today, with “Ethereum coming soon”.

The new product promises customers an ability to “set up and manage a scalable blockchain network” with “just a few clicks”.

In addition to making it easy to set up and manage blockchain networks, Amazon Managed Blockchain provides simple APIs that allow customers to vote on memberships in their networks and to scale up or down more easily. Amazon Managed Blockchain offers a range of instances with different combinations of computing and memory capacity to give customers the ability to choose the right mix of resources for their blockchain applications.

Amazon Managed Blockchain secures certificates for access control using AWS Key Management Service technology, eliminating the need for customers to set up their own secure certificate storage.

For over a decade, Amazon Web Services has been the world’s most comprehensive and broadly adopted cloud computing platform. Today, customers like Apple spend over $30 million a month on the business units services.

On the back of interest in the decentralised open blockchain from the likes of Elon Musk, it looks like Ethereum is fast becoming the platform of choice for industry adoption in the form of this new venture with Amazon’s web services division.



By Nawaz Sulemanji – May 1, 2019

The post Is Ethereum becoming the new open-blockchain standard as Amazon gets into blockchain? appeared first on Coin Rivet.

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