Code to Inspire is a non-profit organization committed to teaching female students in Afghanistan on coding. Recently, it was reported that CTI has collaborated with ‘The Bounties Network’, an outsourcing platform, which provides students Ethereum [ETH] in exchange for fixing vulnerabilities for businesses, or projects postings.
They aim to achieve women’s economic and social advancement in Afghanistan’s growing technology industry. The website reads:
“We are going to empower girls online without being worried of physical and geographical distances.”
It further states:
“As role models for other young Afghan women, CTI graduates demonstrate that women are capable of adding value to their communities far beyond simple housework.”
CTI had previously worked on blockchain in May 2018. They worked for Coinone, a Korean cryptocurrency exchange for their donation project ‘Coinone Give’. For this, they worked on a promo for their users where donations could be made by using the blockchain.
This partnership [CTI-Bounties Network] was first labored in May when these women were set up with MetaMask, a platform that allows running Ethereum dApps on the browser without running a full Ethereum node, accounts and software wallets. They started earning between $10 and $80 per bounty, depending on the project they completed, as said by Fereshteh Forough, the Founder of CTI.
Simona Pop, Head of Community at Bounties Network, who is closely involved in this project tweeted:
“I am so proud of this, thank you @f_forough and the whole @CodeToInspire team for taking the journey with us! #worldonbounties#Ethereum#blockchain.”
The Bounties Network doesn’t always offer just technical related assignment. They have translation jobs and other projects as well, and with this, the girls might have an opportunity to better engage with the Ethereum community as they learn to code.
November BCH Upgrade Discussion Heats Up After Bitcoin SV Full Node Announcement
Blockchain development firm Nchain has announced the company’s plans to launch a new Bitcoin Cash full node client called ‘Bitcoin SV.’ Lead developer Daniel Connolly has published the specifications for re-enabling old opcodes for the November 2018 BCH upgrade. So far the unpublished codebase has seen vocal support from the mining pool Coingeek, but right now some members of the BCH community are concerned that if no other miners switch to Bitcoin SV, the proposed upgrade could cause incompatibilities.
Also read: Fivebucks.com: Meet the Freelancer’s Marketplace Powered by Bitcoin Cash
Will Bitcoin SV’s Proposal be Compatible With Bitcoin ABC?
On Thursday, August 16 the firm Nchain revealed they are releasing a new BCH full node client that’s claimed to be based on Bitcoin ABC v0.17.2, but with a few different upgrade changes added. Bitcoin SV will include restoring more Satoshi opcodes, removing the opcode per script limit, and raising the block size to 128MB. Further, the leading BCH mining pool Coingeek have stated they will be backing the new client. However, since this announcement, some BCH supporters are concerned about the upgrade coming this November. Issues could occur if groups of miners choose Bitcoin SV’s finalized consensus change proposals, which could be entirely different than the finalized Bitcoin ABC 0.18.0 version. Moreover, depending on the upgrade releases stemming from Bitcoin Unlimited, and other implementations, the Bitcoin SV client could be incompatible with any one of them.
So far the Bitcoin ABC team hasn’t responded to the latest Nchain announcement, and the ABC client release for testing hasn’t arrived. According to the ABC roadmap, after they announced the client’s upgrade changes the codebase was supposed to be delivered by August 15. Instead, the team published an article on the benefits of canonical transaction ordering with help from articles written by the Bitcoin Cash miner Jonathan Toomim, and Joannes Vermorel’s study on the process. So at the time of writing the latest 0.18.0 Bitcoin ABC version is two days late. Furthermore, if v0.18.0 contains canonical transaction ordering, the enforcement of minimum transaction size, and the activation of OP_CHECKDATASIG and OP_CHECKDATASIGVERIFY, it will not be compatible with SV’s framework for November.
Bitcoin SV’s Lead Developer Publishes Re-Enabling Old Opcode Specs
The Bitcoin SV client’s lead developer, Daniel Connolly, has published a document of specifications concerning the SV clients’ re-enabling old opcodes. The Bitcoin SV version 1.0 document details that in May of 2018 a few disabled opcodes were re-added to the Bitcoin Cash scripting engine, and this November SV will introduce four more opcodes.
“The scope of that change was limited in order to focus developer attention rather than attempting to reintroduce all of the disabled opcodes at once,” explains the Bitcoin SV spec sheet published on August 17.
This specification expands upon that change by reintroducing additional opcodes — The specifications describe the opcodes that will be added in the November 2018 protocol upgrade.
The re-enabled opcodes will include:
- OP_MUL — Multiplies two numbers
- OP_RSHIFT — Right shift b by n bits
- OP_LSHIFT — Left shift b by n bits
- OP_INVERT — Bitwise NOT
The Ultimate Decision Will Be Made With Hashpower
Essentially the ultimate decision making will be in the hands of the miners if they want to upgrade the block space to 128MB, or follow through with ABC’s plans. At the moment there are many different takes on this situation from a wide variety of BCH supporters. Some agree with Coingeek and Nchain and want to raise the space available in blocks, while others believe there isn’t a need for the increase, because current 32MB blocks are not yet being filled. Discussions concerning the matter have increased exponentially on BCH-centric Slack and Telegram channels, Twitter, and Reddit forums.
A lot of BCH supporters believe that ultimately those who have hash power will have the final say in this debate and miners will choose which client they plan to use. Some BCH proponents are not too concerned with the possibility of incompatible clients just yet, because as far as ABC v0.18.0 and SV 1.0 are concerned, neither client has finalized plans for November’s upgrade. As mentioned above the ABC code is not ready yet and the SV 1.0 codebase plans to launch this September.
News.Bitcoin.com briefly spoke with Bitcoin XT developer Tom Harding about the recent Nchain announcement and he explained the XT client will follow the majority hashrate.
“XT hasn’t been a driving force behind any of the forking change proposals this time around — We’ve been focusing on non-consensus 0-conf work,” Harding explains.
Regarding consensus changes, our intention is to support what the majority of hashpower wants to do — We’re also thinking about how best to know what BCH miners actually want.
What do you think about the Bitcoin SV client and the possibility of it being incompatible with Bitcoin ABC’s November upgrade? Which upgrade proposals would you like to see finalized? Let us know your opinion on this subject in the comment section below.
Bitcoin Permabull Pantera Capital Details $175 Million Crypto-Fund
Cryptocurrency- and blockchain-focused investment fund Pantera Capital is aggressively pursuing its belief in the burgeoning asset class as it seeks a mammoth $175 million in investments from institutional investors for its third crypto venture.
Pantera’s Cryptocurrency Push
According to TechCrunch, the technology-turned-blockchain investment group is forming its third investment fund in five years, following a $13 million debut effort in 2013 and a larger, $25 million fund in 2016.
Pantera partner Paul Veradittakit noted the enormous amount represents the “fast-moving function” of the digital asset sector, citing tremendous opportunities, talent and late-stage investments coming in the space. The multi-millionaire investor also highlighted that Pantera wishes to “move with the market.”
While the investment is not capped at $175 million, Pantera has raised $71 million from 90 different investors at the time of writing, according to an SEC filing.
Contrary to the panic investing most amateur cryptocurrency investors succumb to, Pantera follows a traditional venture fund approach to the cryptocurrency space–which chalks out a 10-year investment period, clearly defined economics and several rounds of background checks before purchasing equity.
However, in 2017, Pantera deployed a risky ICO fund to capture the turbulent market’s most volatile asset class. At the time, founder Dan Morehead called the move a “discount” purchase when the project is “just a team and a white paper.”
Morehead added Pantera helps provide the “right connections, whether in terms of marketing or recruiting or business development” to deserving ICO projects.
Ease of Investments
Meanwhile, Veradittakit said the Pantera fund has an indefinite fund life, meaning investors are free to exit their investments without affecting the fund’s operations.
Pantera’s cryptocurrency gamble has evidently paid off. As reported by CryptoSlate, the fund amassed returns over 10,000 percent throughout the years by investing in and trading bitcoin. In addition, the incubator arm of Pantera leads investments in altcointrading on high-volume exchanges, utilizing an algorithmic trading approach.
As Veradittakit puts it:
“If you aren’t sure that Bitcoin will remain the dominant cryptocurrency, or you’re interested in other use cases that may arise, or you just want to build a diversified portfolio of assets that have asymmetrical returns as bitcoin, or maybe return even more because they feature lower valuations.”
Although Pantera’s investment approach is risky given the origin of the cryptocurrency market and a stark lack of regulations, the companies it selects after careful vetting have become some of the sector’s biggest names.
Pantera’s investments include Ripple Labs, bitcoin vault service Xapo, payments application Circle and bitcoin wallet Abra, among others. The fund refers to its investment portfolio as “coinbases of different geographies, in enterprise-related blockchain companies.”
Coinbase Leads Charge to Swap Fear for Trust in Bitcoin and Crypto Space
Coinbase is working at break speed to challenge perceptions that Bitcoin and crypto-related businesses have major pain points regarding trust and security. As part of its strategy to build an open financial system for massive mainstream adoption, the San Francisco-based cryptocurrency exchange unveiled three major steps this week.
- Coinbase acquisition of San Francisco-based startup Distributed Systems Inc.
- Coinbase patent filing for a new Bitcoin payment portal
- Coinbase re-launch of the Coinbase Wallet with new integration of the open-source DApp Toshi
On Wednesday, Coinbase acquired Distributed Systems, founded in 2015, to help build a digital economy that incorporates solid solutions for validating and verifying identity. The move is meant to address identity theft and redundant verifications.
With SIM card hacking, online identity theft and fears about compromised private and personal digital data, Coinbase is trying to tackle a major obstacle for crypto adoption.
The company believes “decentralized identity systems represent a transformative shift in our relationship with technology.”
By handing out Social Security numbers to banking agents, government agents, prospective landlords and employers, consumers invite risk, fear of fraud and identity theft.
The collaboration between Coinbase and Distributed Systems is designed to change that dynamic. “A decentralized identity will let you prove that you own an identity, or that you have a relationship with the Social Security Administration, without making a copy of that identity,” writes B Byrne, project manager for Coinbase ’s Identity team.
The real key is to allow the blockchain to verify a person’s identity without any individual having to reveal their SSN or other sensitive information.
“Blockchain technology that powers cryptocurrencies offers a new way to let us all be ‘verified’ everywhere we go on the internet, feeling safer about our interactions with others and opening the door to the experiences that require trust,” Byrne writes.
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Also on Wednesday, Coinbase announced that the open-source decentralized app Toshi is becoming Coinbase Wallet, a standalone wallet app. Toshi was developed by Coinbase about a year ago. If you’re already using Toshi, the company says it will automatically upgrade to the Coinbase Wallet shortly. It allows users to store their private keys.
“We believe that the applications of the future will be built on a decentralized internet (the blockchain). Everyone will own a crypto wallet that allows them to access decentralized applications (dapps) and that wallet will be their gateway to the open financial system,” writesCoinbase developer Siddharth Coelho-Prabhu.
The Coinbase Wallet suite of features allows users to
- Manage ETH and all your ERC20 tokens (with BTC, BCH and LTC in the near future)
- Receive airdrops and ICO tokens
- Buy and store crypto collectibles (unique and unreplicable) and use them in games, or trade them on marketplaces
- Send payments to anyone anywhere, without geographical borders or fees
- Access leading decentralized exchanges and relayers to buy and sell tokens
- Explore the full universe of third party DApps that enable everything from taking out a loan or lending to others on the blockchain to earning crypto by answering questions, performing services, or completing tasks
Coinbase has also recently filed for a patent to make Bitcoin payments more secure. Filed on August 14, the patent’s technology provides a solution for maintaining security over private keys while allowing consumers to use their Bitcoin wallets to pay merchants.
The tech would allow a checkout transaction to be “frozen” through a “key ceremony” that has master key functions — encrypting private keys and transaction signing. While users can spend crypto, they’ll also have the ability to stop payments.
“At any point in time after the master key is loaded, the system can be frozen. The system can be unfrozen after it has been frozen using keys from the key ceremony. The checkout process can be carried out when the system is frozen and when the system is unfrozen. The payment process can only be carried out when the system is unfrozen.”
The patent also details the development of an API, through which the system can be deployed across the internet for e-commerce.