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Enterprise Ethereum Alliance TestNet Offers Global Businesses a Way to Collaborate to Advance Real-World Blockchain Platforms

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With Whiteblock as the EEA’s Official TestNet Provider, the EEA Business Community Can Innovate Together within a Controlled Environment, without a Costly Full-Scale Roll-Out

Wakefield, Mass. –  January 15, 2020 – The Enterprise Ethereum Alliance (EEA) announced today that it has partnered with Whiteblock Inc., one of the world’s first blockchain testing and development companies and an EEA member, to provide a testing environment for the EEA global membership base. Through this partnership, the EEA will leverage the Whiteblock Genesis testing platform to orchestrate, manage, and deploy the official test network of the EEA, the EEA TestNet. Genesis launches today, offering users the ability to test out a number of end-to-end blockchain testing and development scenarios. Leveraging the EEA TestNet, the EEA’s global business community can collaborate around creating and testing the next generation of Ethereum business applications.  To learn more about the EEA TestNet, visit https://entethalliance.org/testnet/.

By creating a testing sandbox, businesses can gain insights and experiment on the best ways to deliver value to customers within the global marketplace, without incurring operational costs of a live environment. In addition, early testing will prepare businesses to take advantage of the EEA’s Certification Program when launched later this year. Designed for collaboration, the EEA TestNet offers a constantly running test network using the Genesis platform, enabling members to define their own scenarios, introduce their own nodes, and deploy Dapps. The EEA TestNet will also provide Metamask support and full data and analytics capabilities.

“The launch of the EEA TestNet is a major milestone on our journey to enable enterprises to deliver a superior customer experience and create new and innovative solutions,” said EEA Executive Director Ron Resnick. “The EEA’s business-focused approach enables the broader Ethereum business community to collaborate, innovate, and contribute to the evolution of world-class Ethereum solutions. The EEA’s TestNet brings us one step closer to creating an ecosystem that offers application availability from multiple vendors of choice.”

Many blockchain companies make claims on scalability and transactions per second without independently verifying these metrics. Whiteblock provides the EEA an independent, objective method of validating performance claims using their Genesis testing and development platform. Adequate pre-deployment testing helps development teams avoid network failures and anticipate performance under suboptimal conditions when failure to deliver could significantly diminish credibility and market confidence.

“The EEA TestNet will enable members to collaborate and understand how Ethereum systems perform at scale in a deterministic and controlled manner,” said Zak Cole, Whiteblock CEO and EEA Testing and Certification Working Group Chair. “Whiteblock’s established testing methodology and tooling has been proven to accurately test complex networks at scale. We are pleased to be working alongside the EEA Testing and Certification Working Group members on this important EEA milestone.”

Leveraging the TestNet, the EEA’s Testing and Certification Working Group will begin to build and launch a world-class EEA Certification Program that ensures solutions conform and interoperate with EEA standards. The EEA Testing and Certification Working Group members currently include Aion Foundation, AZHOS, BlockApps, Chainstack, ConsenSys, Crowdz, Fnality International, Intel, J.P. Morgan’s Quorum, Microsoft, PegaSys, Standard Chartered Bank, Wanchain, Web3 Labs, Wizkey, among other global leaders.

“The EEA TestNet offers a glimpse into the value that a mature and technically advanced blockchain can bring to our business,” said the EEA Community Director Paul DiMarzio. “We’re excited to see the platform evolve as it benefits having larger, more open participation from the EEA community. In the near future, customers will be able to select EEA tested, specification-based solutions over proprietary offerings.”

The EEA plans to launch a Certification Program later this year that will ensure solutions conform and interoperate with EEA standards, thus building customer confidence and trust that customers get the results they expect.

About Whiteblock Genesis

Whiteblock Genesis is the world’s first end-to-end testing and development platform for blockchain and enterprise DLT developers. Genesis SaaS platform provisions virtual networks of nodes that allow users to develop in a controlled environment that replicates their production network or test and experiment under a variety of real-world scenarios. Whiteblock Genesis allows users to quickly develop and test performance and security over a variety of networks. Developers can automate transactions, test fault tolerance, and quickly provision a private TestNet that simulates the real-world conditions of a live and dynamic global blockchain network. Members who desire full discretion over the architecture and compute power of their testing networks can learn more about the features, and start running their own TestNets today in Whiteblock Genesis by visiting whiteblock.io/genesis.

About the EEA

The Enterprise Ethereum Alliance (EEA) is a member-driven standards organization whose charter is to develop open blockchain specifications that drive harmonization and interoperability for businesses and consumers worldwide. Our global community of members is made up of leaders, adopters, innovators, developers, and businesses who collaborate to create an open, decentralized web for the benefit of everyone. To join the EEA, please reach out to [email protected].

Supporting Member Quotes

ConsenSys

“The EEA TestNet is the next step in creating a thriving ecosystem for Ethereum-centric architectures. These solutions will deliver improved privacy and performance for a wide variety of applications, including digital identities, supply chains, financial industry platforms, consumer financial services and any industry that values some collaboration among competing entities. ConsenSys is proud to support the EEA TestNet with our Enterprise Ethereum technologies, including our contributions to the open-source Hyperledger Besu,” said Dan Heyman, EEA member and head of PegaSys at ConsenSys. 

Microsoft

“Microsoft joins the other members of the EEA in celebrating the launch of the EEA TestNet to accelerate the development and testing of cross-platform enterprise blockchain. With this significant step, the EEA has created the mechanism for the world’s largest companies and the most innovative startups to work together and accelerate blockchain adoption,” said Marley Gray, a founding EEA Board member, chair of the Token Taxonomy Initiative and principal architect at Microsoft.

Hyperledger

“We’re very pleased to see the EEA launch its TestNet,” said Brian Behlendorf, executive director, Hyperledger, an EEA Associate Member. “This will help accelerate the tie-in between EEA technical specifications and Hyperledger projects that were built to adhere to those specifications. For example, Hyperledger Besu, which works with both public and private Ethereum networks, is the first Ethereum client project available through Hyperledger that conforms to the EEA’s Client Specification. Making Besu available on the EEA TestNet provides EEA members the opportunity to test their own applications with what we hope will eventually become EEA-certified, Hyperledger-hardened code.”

 

The post Enterprise Ethereum Alliance TestNet Offers Global Businesses a Way to Collaborate to Advance Real-World Blockchain Platforms appeared first on Enterprise Ethereum Alliance.

Source: https://entethalliance.org/enterprise-ethereum-alliance-testnet-offers-global-businesses-a-way-to-collaborate-to-advance-real-world-blockchain-platforms/

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Organic growth? Bitcoin SV activity up 761% ahead of BSV conference

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Active addresses and transaction counts on the Bitcoin SV network saw unbelievable growth in the two days leading up to the CoinGeek Live conference in New York this week.

Active BSV addresses grew from 110,000 on September 28, to 947,400 addresses today.

That’s an astonishing growth rate of 761%, in just two days leading up to CoinGeek Live, which kicked off on September 30 at 9am New York time, and will run until October 2.

The spike in active addresses raised eyebrows on Crypto-Twitter. Bitcoin SV and Craig Wright antagonist Arthur van Pelt reposted SirToshi’s chart that calls attention to the fact BSV has managed to overtake the Ethereum network in the middle of a DeFi boom. He said sarcastically:

“Seems legit. Organic Growth I think. Has nothing to do with #CGLive I bet’.”

Bitcoin influencer ‘Holdlonaut’ responded with a facepalm emoji.

Transactions on the Bitcoin SV network more than doubled in the same period, from 715.6K to 1,751K today. That’s growth of 145% in the 48 hours leading up to the conference. Average transaction values meanwhile, fell by two-thirds over the same period.

However, it’s possible the spike could simply be a coincidence, as the network does see some unusual bursts of activity on occasion. Active addresses spiked to over 1 million briefly on June 24, and transactions spiked to 5.5 million on July 10.

The CoinGeek Live conference is mostly an online affair and features speakers including nChain’s controversial chief scientist Wright, Bitcoin Association President Jimmy Nguyen and Fundstrat Global managing partner Thomas Lee.

In his opening address, Nguyen said that Bitcoin SV has incentives to discourage bad behavior and noted that the original Bitcoin whitepaper mentions the word “honest” 15 times.

According to CoinGeek’s report on Nguyen’s address, Bitcoin SV currently processes more 2,800 transactions per second on its mainnet, and is aiming for 50,000 in the near future. The forthcoming Teranode enterprise-tier protocol aims to have 1TB transaction blocks.

Nguyen said that Bitcoin SV is “the foundational rule set for an entire network,” and is “re-inventing the internet.”

In somewhat related news, the Supreme Court of Norway has rejected Craig Wright’s jurisdictional appeal. The Satoshi claimant had been trying to sue Hodlonaut for libel in the UK but will now have to go through Norwegian courts.

Hodlonaut said the court has awarded him another $6000 in costs on top of the $60,000 in costs already awarded:.

Source: https://cointelegraph.com/news/organic-growth-bitcoin-sv-activity-up-761-ahead-of-bsv-conference

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President Maduro: Venezuela Seeks Opportunities To Use Cryptocurrency For Global Trade

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  • Venezuela’s cryptocurrency story continues as the country’s President Nicolas Maduro has presented new use cases. 
  • A recent report informed that the South American nation is studying the possibility of using digital assets in trades alongside the national Petro. 
  • President Maduro has presented new anti-sanctions law in the Constituent National Assembly. In a recent speech, he asserted:

“The anti-sanctions law is the first response to give new strength to the use of petro and other cryptocurrencies, national and global, in domestic and foreign trade, so that all cryptocurrencies of the world, state and private, could be used. This is an important project that is under development.”

  • The news comes after Maduro suggested last year that his country could adopt cryptocurrency payments.
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  • Additionally, Venezuela signed a new tax agreement this summer that enabled the nation to start collecting taxes and fees in the Petro.
  • A study reported by CryptoPotato revealed that digital assets already play an essential role in the country’s struggling economy. Venezuela’s intensifying financial crisis has catalyzed significant interest in cryptocurrencies as people seek opportunities to escape the devaluating national currency.
  • The Bitcoin peer-to-peer volume exemplifies the growing interest in the primary cryptocurrency within the country. As per data from coin.dance, the BTC P2P volume on LocalBitcoins has been continuously surging in the past several months.
Bitcoin P2P Trading Volume LocalBitcoins. Source: coin.dance
Bitcoin P2P Trading Volume In Venezuela on LocalBitcoins. Source: coin.dance
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Source: https://cryptopotato.com/president-maduro-venezuela-seeks-opportunities-to-use-cryptocurrency-for-global-trade/

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Leader That Allowed Scams: TRON’s Justin Sun Responds to Claims by Ex-Employees

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Yesterday The Verge published an elaborate article portraying a picture of Justin Sun’s leadership at BitTorrent post the peer-to-peer file-sharing site’s acquisition by the TRON foundation.

Sun later responded to the ‘false-claims’ made by TRON/BitTorrent’s ex-employees in the article with ‘An Open Letter to Anyone Who Cares to Read’ on Medium.

Claim: Megalomaniac Leader; Response: True Libertarian

In the supposedly expose piece, author

Refuting the above portrayal of his leadership, Sun, in his response, stated that he has devoted his entire life ‘to being a responsible, global citizen’. Adding to this, Justin said that is a true champion of libertarian principles for a significant portion of his life.

I have devoted myself to being a responsible, global citizen throughout my entire life, spending significant portions of my personal and professional life to activities promoting universal values of respect, liberty, equality, and kindness.

The TRON and BitTorrent chief impressed further on his ‘global’ approach to things. He explained that the TRON Foundation harbors a ‘global team of talented contributors and developers’. And that he takes ‘pride in working’ with this global community to make TRON ‘one of the greatest decentralized blockchain protocols’.

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Claim: Freedom Suppressor; Response: Upholder Of Human Rights, Individual Values

Dunaway reportedly engaged in conversations with folks who are/were associated with the TRON brand and the work culture. From what he gathered, Justin enforced a draconian company culture, with employees officially following the ‘9-9-6’ norm.

According to the article, TRON’s HR had Slack replaced with its Chinese counterpart DingTalk. The communication platform had an in-built surveillance mechanism that would use ‘Apple Health to count people’s steps’. Also, DingTalk used to ping employees literally all the time.

To this, Sun responded by saying that he has left no stone turned in, establishing a work culture that respects.

diversity and individuality through a culture that cherishes fundamental human values freedom of speech, user privacy, intellectual property protection, kindness, a diversified working environment, and compliance with legal standards.

Justin went on to comment that TRON and BitTorrent operate with a ‘globally collaborative team’. One that upholds and respects the ethos of cross-culture teams. Sun claimed that the folks at TRON folks have ‘worked hard’ to create a collaborative work culture. One that values freedom of speech and individual privacy.

Claim: Suppressed Criticism, Allowed Scams; Response: No Control Over Protocol Functioning

The Verge piece mentioned that ‘decentralization’ was just a facade for what was happening behind the curtains. Justin Sun and his core officials exercised strict control over content moving about and within the TRON network.

This involved allegedly paying a Redditor to ‘erase negative posts’. Which later drew the ire of the community.

Free speech is part of the ideology of decentralization, where ideas flow without gatekeepers. Tron started deleting any post it wanted.

The article also claimed that TRON’s administration team was silent and allowed the perpetration of scams on the network. While this happened, scammers and the scammed continue to grow in numbers while the management did nothing to interfere.

Justin, in his Medium post, said that he and the entire TRON administration team function sans control. Even though the team at TRON works to upgrade the platform, they do not exercise any censorship/regulation.

…we have no control or discretion over what applications use the protocol, what data is transmitted, or how its community members use it.

Sun went to add that he and his team are proud of TRON and BitTorrent’s achievement over the years. He went to quote that both have collectively ‘served 2 billion users around the world. These include ‘numerous enterprises, universities, and governments’.

Lastly, the TRON and BitTorrent boss struck down all claims made by ex-employees Lucasz Juraszek, Richard Hall, and Cong Li. Justin declared that the TRON foundation’s legal counsel has submitted all the requisite proofs and evidence pieces to the court. “We believe the decision will speak for itself”, he said.

BTT and TRX’s price didn’t seem to undergo any correction following the release of the bitterly scathing Verge piece. On the contrary, BTT is actually up 2.3% in the last 24 hours.

Featured image courtesy of QZ.com

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Source: https://cryptopotato.com/megalomaniac-leader-that-allowed-scams-trons-justin-sun-responds-to-claims-by-ex-employees/

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