After putting together, a series of successful blockchain conferences, BlockHedge is all set to unite leading stakeholders in the crypto sphere in Bangkok, Thailand.
Thailand, as we know is one of the most prominent blockchain and cryptocurrency centers on account of its favorable business environment, regulations and tax rates. It is home to a few of the most prominent crypto powerhouses, which is why it has been attracting the sizeable attention of all those involved in the field.
In light of its business-friendly environment, blockchain entrepreneurs, key industry individuals, businessmen, top government officials, and blockchain enthusiasts have been valuing the region to expand their blockchain technology-led business.
To amplify the manifestation possibilities of their growth aspiration, Block-Hedge has been carefully designed as the perfect avenue to bring all together for an insightful day-long event on 23rd August 2019, Bangkok.
The conference is scheduled to take place at Grand Hyatt, with an agenda that is going to be bundled with a meaningful takeaway for all those who attend.
The guiding philosophy behind the event is to discover the future and amplify the growth of the most powerful and disruptive technology in the present time.
The entire focus of the spectrum of talks and panel discussions is to bring focus on the practical aspect of blockchain and cryptocurrencies and what it means for driving business results. The networking opportunities as a part of it, are sure to be extremely meaningful, with the backing of a plush gathering of blockchain business stakeholders, investors and the media.
Some of the noteworthy speakers who already confirmed are:
Jason HSU, CryptoCongressman & Legislator of Taiwan
Giang Le Ngoc, Legal and Policy Expert, Ministry of Justice, Vietnam
SathitLimpongpan, Chairman, The Stock Exchange of Thailand
PrinnPanitchpakdi, Governor, The Stock Exchange of Thailand
AunchisaTapanakornvut, Senior Officer [Fintech], SEC Thailand
Reuben Yap, Co-founder, Zcoin
Tom Howard, Venture Capitalist TaureonTaureon
Christian Mischler, Partner at Swiss Founders Fund
Mark Smedley, VP- Global Industry Lead Ex-Oracle
MonsineeKeeratikrainon, MD at Accenture Thailand
The expected count of the attendees, going exactly by the significant traction of the earlier chapters is at least 500. In the earlier events, as much as 70 percent of the conference participants were noted as C level executives, and about 20 percent – investors. Also, participation has been confirmed by leading business names such as Bitcoin Gold, PwC, Arcadia Crypto Ventures, and TDA Capital London and many more.
The Blockchain That Can Beat EOS, TRON And Ethereum
Applications have become an integral part of the modern lifestyle. There are apps for anything from monetary transactions to tuning household appliances from work. But the market of apps is evolving, just like any other market. The advent of decentralized applications, or dApps, has heralded a new era in the way we perceive software on our devices. As a result, the infrastructures for maintaining dApps is becoming a hotly contested battleground for developers.
The market has already seen the creation of 2,551 dApps being used by over 95,966 users daily. Transactions through dApps are surpassing the 4,418,078 mark a day, and 11,741 smart contracts are involved in the process. Above all else, the market of dApps is already generating the volume of $21,512,096 per day and is showing no signs of abating despite the recent slump in cryptocurrency prices.
The growing competition on the market of decentralized infrastructures is largely due to the launch of new public protocols with their unique technical advantages, which are simplifying the development of dApps and the implementation of ideas and concepts that could not be implemented on Ethereum, Tron or EOS. The lack of the technology needed that would negate the disadvantages of blockchain, such as the inability of network scaling, low network bandwidth, low transaction processing times, and others, is the main barrier preventing dApps from becoming even more popular and widely accepted as logical alternatives to classical apps.
Apart from the all too popular Ethereum, Tron and EOS networks, there are other infrastructures becoming worthy alternatives. The Credits platform is one such competitor in the field that is offering a new solution for the development of dApps.
The Credits blockchain platform is a completely open-source and fully decentralized blockchain software protocol operating on smart contracts that are designed to allow the creation of high-performance applications.
Credits smart contracts are written in JAVA, one of the most popular programming languages in the world that is both accessible to most programmers and easily configurable to suit an endless variety of needs. Apache Thrift technology is used to allow the platform to simplify the process of integration with products developed in different programming languages.
It Is Working
Credits is not just a platform, but a full-fledged company that has publicly opened access to its software for all users. Anyone willing can join the network, launch an operating node and develop their own products and services based on the Credits protocol. To date, more than 20 decentralized applications have been developed on the Credits protocol.The full list is available on Credits dApp Map.
Projects such as the 0XUniverse gaming dApps, Unlimited Tower, ExoPlanets, Royale Roulette, along with the Karma, Rare Bits and WandX projects that are currently operating on the basis of the Ethereum, Tron and EOS protocols, are considering the possibility of migrating their applications to the Credits protocol for better functioning.
Among the more interesting products based on the Credits platform is the Crext Extension, an analogue of Metamask acting as a browser extension for storing the Credits cryptocurrency and other tokens, and interacting with products based on Credits protocol. Another dApp is the CScheduler, a Credits blockchain-based service that provides the ability to schedule smart contracts at a defining moment or at specified time intervals. Among the popular gaming dApps on the Credits platform is Dice, a blockchain-based gambling game involving casting dice under the supervision of a random number generator.
It is impossible to remain on what has already been achieved and the IT sector is the most progressive industry in the world, raking in hundreds of billions of dollars a year on apps and other products. The blockchain industry is catching up in terms of capitalization as major players are stepping in to provide the necessary infrastructure for its growth. However, the mainstays of the market are not indomitable and are gradually giving way to more advanced and progressive solutions.
The progress that the Credits platform has already made in its development and the innovative nature of its protocol have attracted the attention of many developers and giants of the IT industry, such as Lenovo and IBM. But the project team does not mean to stop on what has already been achieved and is planning to launch thematic hackathons and an Accelerator Program with a prize pool up to $2,000,000 to support the development of products and to showcase the capabilities of the platform.
If all goes as planned, the market will soon see a large number of products developed on the basis of the Credits protocol that will contribute to the development of the project infrastructure and its tokenomics. No matter the outcome of the upcoming events, one thing is clear – Credits is here to stay.
The Blockchain That Can Beat EOS, TRON And Ethereum
It Is Working
Competition Is Progress
Hedera Hashgraph, Touted as High-Speed Blockchain Alternative, Goes Live
Hedera Hashgraph has launched its long-awaited public network, backed by some of the world’s largest corporations and promising faster transactions and greater capacity to scale than any blockchain to date.
Since December 2018, the network had been available in a testing environment to a small group of corporations and developers. As of 00:00 UTC Tuesday, anyone can open an account or build a decentralized app (dapp) on the hashgraph, which is similar to a blockchain but uses a different mechanism to achieve consensus about the state of the ledger.
With the public network now live, the Hedera treasury is set to begin distributing the system’s HBAR tokens around 01:00 UTC. The first tokens – more than 379 million – will go to investors who participated in a $124 million crowd sale that took place in three rounds from March 2018 to August 2018.
Another 1.95 million tokens will go to advisors, vendors and other participants on day one. The balance of the 50 billion supply of HBARs is to be released over the next 15 years by the network’s governing council.
Twelve cryptocurrency exchanges and over-the-counter (OTC) desks plan to list HBAR for trading: AlgoZ, BitOoda, Bering Waters, Bittrex, Galaxy Digital, GSR, Liquid, OKEx, OKCoin, OSL, Upbit and xFutures.
A year and a half in the making, the hashgraph stands out from other distributed ledger technologies (DLTs) in several ways. Its creators claim it works more efficiently than blockchains, making it more suitable for enterprises and commerce. Specifically, Hedera says the network can support up to 10,000 transactions per second, compared to 2.8 per second for bitcoin and 15 for ethereum, the two largest blockchains.
“This is the first instance globally of hashgraph being put to the test,” Hedera CEO Mance Harmon told CoinDesk. “It’s a different data structure, different technology and looks nothing like a blockchain, but solves the same kinds of problems with better security and better performance.”
Hashgraph proponents also say its proof-of-stake consensus mechanism is fairer than bitcoin’s proof-of-work, allowing transactions to come in the order they were recorded and to all settle in the same amount of time. Hedera’s code is patented rather than open-source, a condition the network says it will enforce to deter copying of the codebase or forking.
Not least of all, Hedera boasts the imprimatur of blue-chip names, with IBM, Boeing, Deutsche Telekom, Tata, Nomura and bank tech vendor FIS represented on its governing council, whose members run nodes and vote on software updates.
Praise and pans
In the lead-up to the launch, Hedera Hashgraph has gained its share of admirers and critics.
Among its fans are Steve Wilson, a principal analyst at emerging technologies advisory firm Constellation Research, who says Hedera’s size is the key to its speed.
While regular blockchains are a couple of gigabytes large, the hashgraph is smaller because it does not store all transaction history on the ledger (though it can be optionally stored on a “mirror” network). In addition to its speed, the hashgraph promises finality and instant payments as opposed to around 70 percent of transactions settling every ten minutes for bitcoin and a handful of transactions never reaching finality, Wilson said.
“If we think crypto is going to be viable for retail transactions, it’s not acceptable for you to walk out with the merchant unsure if they’ll get paid,” he said. “Hedera has a quality of service that others are not as committed to.”
That speed, however, only applies to certain kinds of transactions, said Eric Wall, the former blockchain lead at Nasdaq-owned fintech vendor Cinnober.
“A dapp requires smart contracts and since Hedera is currently throttling 10 transactions per second with smart contracts, then it doesn’t make this any more interesting than ethereum,” said Wall, who recently wrote a pair of skeptical Medium posts about Hedera.
Hedera’s consensus service is also nothing new, Wall maintained. Sidechains have also been created off of public blockchains that take advantage of the consensus strength of the underlying system.
“I can’t predict the future of what Hedera will transition to in the future, but moving away from a model that is based on economic and game theory guarantees to a trusted model is a severe reduction in the neutrality model of the system,” he said.
Link to private networks
Since October, hundreds of developers have been building on the network and 25 are now running dapps that were integrated into the mainnet prior to launch, Harmon told CoinDesk.
Nevertheless, the hashgraph is considered to be in a beta testing phase because the network still lacks the Hedera Consensus Service (HCS) and a few other features which will be included in version 1.0.
The HCS is to serve as a link between private blockchain networks and the hashgraph. It allows a hash of transactions from another network to be ordered in the Hedera network by time, showing a searchable record of when transactions occurred with the trust of a decentralized network.
For example, Certara, a drug development and decision-support company, plans to use the HCS to create “tamper-proof” recording of health data transactions while using a private network like Hyperledger Fabric to ensure privacy, said Jim Nasr, vice president of technology and innovation at Certara subsidiary Synchrogenix.
The HCS will also allow Fabric to run on top of mirror nodes that provide insights into all the transactions flowing over the hashgraph but do not participate in the consensus mechanism like a regular node.
“Getting computational trust is why you want to go down the blockchain path for healthcare,” Nasr said. “With the consensus service, your transactions finalize on the mainnet yet can still leverage a private blockchain.”