what is Dune all about in a Nutshell? Tell us about you and your team
and how large is the Dune Community? How Many years have you been
working on Dune?
The team has been working on Tezos since 2016. They switched to Dune
in June 2019, but they already had a tuned version of Tezos for
private networks before.
How Does it relate to Tezos?
Dune Network is based on Tezos software. It is currently very close,
so most tools available for Tezos will work without major
modifications with Dune Network. However, the two will diverge in the
future, it has already started.
Who are Origin Labs?
It’s the former blockchain team at OCamlPro, they left OCamlPro to
create a company completely focused on the Dune Network project.
Features: How does this Baker Proxy work? Does it add extra privacy?
Usually, a baker is on the same computer as a Dune node, probably in
the cloud. If you want to use a Ledger Nano S to sign blocks, you
cannot connect it to that server, so you have to have a local
computer, with just a signer on it and the Ledger (we use Raspberry Pi
for that). This computer is a liability, so it needs extra protection,
so you can put it behind a firewall, it will just connect to the node
and sign the operations.
What is IronMin?
A Tezos node uses a lot of disk space, about 230 GB in one
year. Ironmin is a solution to that problem, it reduces the storage to
under 25 GB. Yet, it was not accepted by Tezos (because it came from
OCamlPro ?), but it will be in Dune Network in the next
version. Irmin2 also solves the same problem, but Ironmin is much
How is it possible to use Dune wallets offline with no internet connection?
The next version of Dune’s client can forge an operation, sign it
offline and then inject it once the internet connection is back. It’s
an important feature for people caring about security.
How does on-chain Governance work, can you give me an example on how you see it being used in a real-world scenario?
On-chain governance in Dune will be used to vote for the Dune Council,
which takes the big decisions for the project. The details are not all
fixed yet, in particular, whether stakers will vote for individuals or
for teams. We want it to be as efficient as possible to preserve the
current dynamics of the project.
What privacy might people have to give up to use governance?
We might introduce some anonymity in votes, to avoid some problems
that we see on Tezos (organizations putting pressure on bakers to
change their votes).
How large is the Dune Dapp ecosystem currently and what are your favorite Dapps?
A bit early, but lot’s of things being built right now…
Tell me about the airdrop and why you did it? Marketing? Exposure?
In technology, Dune is close to Tezos. We wanted to have an initial
set of users, so it made sense to choose the people who were the most
interested in the technology, i.e. those who invested in Tezos. Also,
it is a community that we already knew, that could easily switch from
Tezos to Dune, especially because they see in Dune a dynamic that is
missing in the Tezos ecosystem.
How would DunePY attract Python devs to use Dune?
DunePy is one of the languages that we want to support natively in
Dune Network. We might actually also support Solidity at some point.
Learning to develop in a blockchain environment can be difficult, it’s
even more if you have to also learn a completely new language. With
Dune, we tried to decrease the difficulty by supporting well-known
languages, so that devs can immediately be productive in their
favorite languages. Once they know the environment, they can start
learning safer languages, like Liquidity for LoveVM. The team also working on implementing Move language
NYC Auction House Features Bitcoin-Themed Art Containing Original Code
Christie’s New York auction house is featuring a piece of bitcoin-themed artwork that represents a portion of the protocol’s original launch code.
A massive piece of artwork containing a portion of bitcoin’s code is being auctioned at Christie’s New York.
According to the official website, Christie’s auction house in New York is hosting a massive piece of bitcoin-themed artwork. The project, dubbed “Block 21,” is one of forty pieces of art in a series depicting the entire 12.3 million digits of bitcoin’s original code.
Block 21 contains 322,048 digits of hexadecimal code, some inscribed in gold. The art collection, which currently spans the globe, is more than 50 meters long in total, with the entirety of bitcoin’s historic v0.1.0 code hand-inscribed on its surface.
Ben Gentilli, the artist behind the project, calls the collective series “Portraits of a Mind.” He described each piece as a digital fingerprint carved out of paint and attributed the artwork as a portrait of bitcoin’s anonymous founder Satoshi Nakamoto.
Gentilli told Decrypt,
Bitcoin’s original codebase is like a historical document, and I wanted to celebrate it and preserve it in the same way as a document like the Magna Carta. But I also wanted to try and answer the question of how one might make a portrait of Satoshi Nakamoto, when there is no image of him.
He continued, calling Portraits of a Mind a decentralized piece of art reflecting the underlying nature of bitcoin.
Featured Image Credit: Photo via Pixabay.com
Crypto Market Cap Gained $10 Billion, Bitcoin Eyes $11,000? (Saturday’s Market Watch)
The cryptocurrency market continues to rebound and has added another $10 billion to its market cap since yesterday. Bitcoin trades around $10,700, while some leading altcoins mark serious gains.
Bitcoin Price Trades Around $10,700
Following yesterday’s increase in which Bitcoin topped at $10,800, the primary cryptocurrency retraced to its intraday bottom at about $10,550. However, the bulls intercepted the price dip and drove the asset upwards once again. Just as 2020 goes so far, this Bitcoin spike followed the 1-2% gains seen on Wall Street at the Friday trading session.
The S&P 500 (1.6%), the Dow Jones Industrial Average (1.34%), and the Nasdaq Composite (2.26%) were all deep in the green.
At the time of this writing, BTC has dipped to $10,760 after getting rejected at the first major resistance at $10,790.
As per the analysis, if BTC price breaks above, it could head towards the next resistance at $11,000, followed by $11,200, $11,360, and $11,530. Alternatively, should the asset fall, it could rely on the support levels at $10,580, $10,440, and $10,390, if necessary.
Despite stocks and cryptocurrencies, gold had failed to increase: Recording an intraday high of $1,875, the precious metal dived and closed the session at $1,860.
Altcoins Gain Traction
Some alternative coins lost significant chunks of value lately, but they have been recovering in the past few days. Ethereum has continued its upward movement with another 3% increase to above $350.
Ripple has surged by 5% to $0.243. Bitcoin Cash (1%), Polkadot (3%), Binance Coin (1%), and Litecoin (3%) are also in the green from the top 10. However, Chainlink has outperformed them all by marking an 11% increase. LINK has overtaken BNB and DOT and currently occupies the 6th spot.
As it typically happens, the most volatile price moves come from mid and low-cap alts.
CyberVein leads with a 21% surge. Ren (20.5%), Yearn.Finance (17%), The Midas Touch Gold (14%), DFI.Money (14%), Cardano (11%), Zilliqa (11%), HedgeTrade (10.5%), and Nervos Network (10%) follow.
In total, the cryptocurrency market cap has increased by $10 billion since yesterday. On a 48-hour scale, the metric is up by 8% since its bottom at $319 billion to $344 billion.
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Cryptocurrency charts by TradingView.
Bitcoin Always Online In Venezuela: Launched The First Satellite Node In Collaboration With Blockstream
Bitcoiners in Venezuela don’t need the internet to send some Satoshis. Today, the crypto payments startup Cryptobuyer announced the successful launch of the first Bitcoin satellite node thanks to a collaboration between Cryptobuyer, Blockstream, and a team led by a crypto enthusiast named Aníbal Garrido.
The initiative allows interacting with the Bitcoin blockchain without the need of an internet connection. A satellite antenna installed in Venezuela is in charge of the communication between the node and the blockchain.
We successfully installed and run a satellite #Bitcoin node in #Venezuela which allows us to be independent of the internet to download messages and validate transactions. Thanks to @Blockstream @adam3us @richardbensberg @anibalcripto for all your support https://t.co/TUb6eG19XP
— Cryptobuyer (@cryptobuyer) September 25, 2020
How the Satellite Node Works
This novel solution allows the Venezuelan node to process information in real-time completely off-line. Thus, the normal functioning of the network in case of connectivity failure (something widespread in the country) is guaranteed. It also facilitates the use of cryptocurrencies in remote places where internet service is scarce, expensive, or even non-existent.
The project works as follows: Blockstream contracts a number of satellites to provide the communication service between the nodes and the blockchain. Cryptobuyer bought the necessary equipment to receive the signal and connect to the satellite, and Anibal Garrido and his team were in charge of assembling the antennas and making the required adjustments.
It’s been a pleasure working with @cryptobuyer and @anibalcripto to launch the first of many #BlockstreamSatellite nodes in #Venezuela, ensuring bitcoiners in the region are always connected to the Bitcoin network! 🛰⛓💻 https://t.co/hzqoR1nACI
— Blockstream (@Blockstream) September 25, 2020
For Alvaro Perez, a software programmer from Valencia City who helped set up the whole infrastructure, the node’s synchronization was an inspiring moment. In statements compiled by Cryptobuyer on an official blog post, the expert says that the operation was a “great achievement.”
“We downloaded the whole Bitcoin blockchain and successfully carried out the first transaction through a Bitcoin satellite node in our country on September 23, from the city of Valencia (…) We received bitcoin through the satellite connection without any internet connection. It was a moment of great achievement.”
The journey is just beginning for Bitcoiners in Venezuela
This would be the first of three antennas that Cryptobuyer plans to deploy to cover the country’s most critical areas. The remaining two will be placed in the country’s capital, Caracas, in the north of Venezuela, and Puerto Ordaz, an industrial city located south of the country.
Later on, they plan to deploy a large number of small devices that will serve as a sort of repeater antenna to create a sizeable mesh-type network that will facilitate transactions in Bitcoin even far away from the primary antenna.
Now there’s no excuse to start using some satoshis in the country. Venezuela keeps proving that it has plenty of reasons to be on the podium of the three countries with the most adoption of Bitcoin around the world.
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