DGaming, a technology company that seeks to push the decentralized gaming industry towards mass adoption, has announced the open-source release of their Tendermint/CosmosSDK hack with distributed PRNG suitable for applications. The open-sourced code can be viewed in the DGaming Github repository.
The DGaming Arcade is part of the ecosystem of products and solutions being created by DGaming to help push the industry towards mass adoptions. To date, they have released The DGaming Store, and The DGaming Wallet, two solutions designed to improve the user experience for players to make games and their assets more accessible.
DGaming also announced The DGaming Hub, a decentralized hub in the Cosmos network, to connect standalone gaming blockchains to the economic ecosystem. Their latest project, The DGaming Arcade, is aimed at developers to help them implement fast and unbiased PRNG into their stand-alone blockchain games.
One of the most significant benefits of blockchain gaming is that it provides a provable fairway for players to enjoy their games. An in-built PRNG that is fast, and truly unbiasable, is vital for the game’s integrity. It can be a significant undertaking if developers wish to create it on their own.
However, with The DGaming Arcade, developers now have access to a ready-made, Tendermint-compatible PRNG that can be used within the Cosmos ecosystem. It’s now more viable for developers to create a standalone, application-specific blockchain with custom logic and PRNG. These application-specific blockchains can connect to The DGaming Hub in the Cosmos network.
DGaming’s Chief Technology Officer, Vasiliy Shapovalov stated,
“I think that the Cosmos ecosystem is due to a Cambrian explosion of consensus protocols and state machines suitable for different applications. The permissionless nature of inter blockchain communication will let people experiment on the base layer without losing access to the economical ecosystem and user interfaces. The DGaming Arcade is one example of that, we’re trying to integrate an equip powerful model of the BLS threshold signature with CosmosSDK-based PoS mechanics.”
The open-source project is available immediately in the DGaming Github repository, and DGaming invites all interested parties to implement it into their projects.
For further information, please contact:
DGaming Chief Technology Officer, Vasiliy Shapovalov.
Fintech firm to take control of Northern Trust blockchain platform
The asset management firm based out of Chicago, Northern Trust, has announced that it has turned over its blockchain platform to Broadridge Financial Solutions, for further improvement, according to a press release on June 26.
Broadridge Financial Solutions is to take over Northern Trust’s blockchain based private equity management solution, in an effort to further improve and streamline the platform. Currently the platform automates certain tasks, relating to middle office functions. Broadridge plans to initially roll out “all PE funds domiciled in Guernsey and Delaware, including those administered by Northern Trust.”
The president of corporate and institutional services at Northern Trust, Pete Cherecwich, spoke on the company’s decision about handing off the private equity blockchain:
“For the benefit of our clients and the industry as a whole, it’s now time to hand over the reins to a technology provider with deep fintech expertise. Broadridge’s administrator-agnostic position, coupled with its DLT (distributed ledger technology) leadership and global footprint, make them an ideal firm to open up this innovative technology to the marketplace, paving the way for the digitization of the asset class.”
ConsenSys Spin-Out 3Box Raises $2.5 Million to Build ID Tools for Dapp Devs
3Box, the latest startup to leave the Brooklyn-based incubator ConsenSys, just raised money to fuel a new identity tool for app developers.
3Box is developing a decentralized solution that people can use across both traditional and blockchain-based apps. The startup recently closed a $2.5 million seed round led by Placeholder Ventures, with investments from Venrock, CoinFund, Northzone and ConsenSys itself.
The “3” in 3Box is a subtle nod to the notion of Web3, a term used to describe the distributed evolution of digital platforms from social media sites to ticket sellers. Ethereum-centric startups such as MetaMask, Aragon and Foam – the latter of which garnered more than 500 contributors so far to its open source map – are already using 3Box. This pace of growth is what attracted the attention of CoinFund cofounder Jake Brukhman.
“This is a project with genuine traction,” Brukhman told CoinDesk. “There’s a huge hole in Web3 where identity should be. And I think 3Box is exactly where it should be to fill that hole.”
3Box aims to make portable logins and profiles more simple by utilizing the peer-to-peer InterPlanetary File System (IPFS) to give users keys to their own data, which is distributed across nodes instead of storing the profile on a centralized server like Facebook or Twitter.
While 3Box currently runs all the nodes, the startup plans to make that open-source software easy for any developer to spin up in order to diversify the network.
“We’re building a decentralized storage network on top of IPFS that allows all these services to tap into it, but it’s governed by the users’ consent,” 3Box co-founder Michael Sena told CoinDesk. “You can use 3Box anywhere that you have an ethereum wallet, because you basically need to be able to sign a message with your key.”
3Box makes it easier for blockchain developers to include features like private chats, uploading photos, liking posts and other common activities related to user-generated content and social interaction that are currently absent from most decentralized applications (dapps).
Indeed, Foam CEO Ryan John King told CoinDesk that some of his users leverage 3Box to have their external Twitter handle, GitHub profile and Foam-related activity all built-in to their Foam profile for a “social and reputational layer.” In the future, King said Foam plans to integrate 3Box’s thread and chat features.
“It’s enhancing user experiences in a whole new way,” King said. “With 3Box there’s an open API, it allows people to opt-in and choose whatever information they want to include while interacting with the [FOAM] protocol.”
“We expect to see a whole new wave of more usable, more enjoyable, more engaging, distributed applications.”
According to Sena, 3Box plans to eventually enable a username and password option so that people could also use it for profiles on traditional apps.
Unlike a regular profile, where you can deactivate it but the company keeps your data, an app that supports 3Box could give users control over their profiles.
“The idea was to create a Google Drive or Dropbox-like interface that lets people manage their 3Box data,” Sena said. “Users can go on 3Box.io Hub, their drive, and just delete all of their data. And they can be sure that it’s gone.”
In terms of the startup’s business model, 3Box will focus on offering services, such as node management and unique features, to developers and web businesses.
“The benefits of minimizing risk and reducing liability, building lighter weight apps faster, those extend far beyond Web3 developers,” Sena said.
Speaking to 3Box’s broader business model, Brukhman concluded:
“There is inherent value in decentralizing identity and user data.”
3Box team in November 2018. Danny Zuckerman, COO (bottom left); Michael Sena, CEO (bottom middle); Joel Thorstensson, CTO (top right); Zach Ferland, Senior Engineer (top left)
Multicoin, Intel Capital Invest $3.5 Million in Startup Demystifying Blockchain Data
Blockchain data startup dfuse has just closed its first official round of equity funding.
Led by Multicoin Capital and Intel Capital (a division of Intel Corporation), the seed funding saw the Montreal-based firm raise $3.5 million for its line of products geared towards demystifying blockchain data.
According to a press release provided to CoinDesk on Wednesday, other notable backers of the round included the VC funds Diagram Ventures, BoxOne Ventures, Panache Ventures and White Star Capital.
Founded in 2018, dfuse builds application programming interfaces (APIs) that overlay smart-contract-enabled blockchain platforms such as ethereum and EOS. These APIs help simplify the complexities of pulling data directly from a public blockchain.
Kyle Samani, managing partner at Multicoin Capital, told CoinDesk in an email:
“Blockchain databases can take seconds to confirm transactions – if they even confirm them at all. They don’t offer global search, reading data is non-trivial, and streaming updates is mostly out of the question. dfuse abstracts all of that complexity away.”
At present, the startup has four flagship products: dfuse Stream, Lifecycle, Search and On Demand Networks. Leveraging these tools, users can stream real-time transaction activity, search through blockchain databases, receive transaction guarantees for newly submitted data and more.
“Our vision is to help millions of developers embrace blockchain technology in their businesses,” dfuse CEO and co-founder Marc-Antoine Ross told CoinDesk. “Depending on which numbers you look at, there’s 20 to 40 million developers around the globe. We think only 1 percent of that developer population is touching any blockchain. We really want to fast track this.”
Moving forward, Ross intends to expand dfuse API products “to blanket all of the top blockchain platforms,” not just EOS and ethereum.
What’s more, he detailed that the company will in coming weeks release a data integrity bounty program in partnership with security firm HackerOne to help assure users the data they are reading via dfuse products is accurate.
“Many companies have built security bounty programs but this is about data integrity,” Ross said. “This is something we will be campaigning to increase the trust in our APIs and we will challenge the other players in the community to do the same thing.”