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Ethereum Foundation Singapore

About The Ethereum Foundation

About The Ethereum Foundation

The Ethereum Foundations mission is to promote and support Ethereum platform and base layer research, development and education to bring decentralized protocols and tools to the world that empower developers to produce next generation decentralized applications (dapps), and together build a more globally accessible, more free and more trustworthy Internet. An alumna of Massachusetts Institute of Technology, where she studied Computer Science and Media Arts & Sciences, Ming has a background in enterprise IT and management consulting projects, founding and growing businesses, and working with top educators, scientists, and inventors to bring inspiring research innovation to life. Her interests and work include legal and regulatory matters related to blockchain technology. Vitalik is the creator of Ethereum. He first discovered blockchain and cryptocurrency technologies through Bitcoin in 2011, and was immediately excited by the technology and its potential. He cofounded Bitcoin Magazine in September 2011, and after two and a half years looking at what the existing blockchain technology and applications had to offer, wrote the Ethereum white paper in November 2013. He now leads Ethereum's research team, working on future versions of the Ethereum protocol. Jeff is one of the founders of Ethereum. He started the first implementation of Ethereum using the Go programming language in 2013 and has been the Go team lead and head developer ever since. The Go client launched successfully on July 30, 2015, marking the release of the genesis block and Ethereum platform. Ethereum has been made possible thanks to many more people than would be possible to list here. A more comprehensive short history of ethereum, read this blog post by Taylor Gerring . Help write this story at the his Continue reading >>

Ethereum Singapore Meetupethereum Foundation 2018 Preview: Vitalik Buterin Keynote Part3

Ethereum Singapore Meetupethereum Foundation 2018 Preview: Vitalik Buterin Keynote Part3

Ethereum Singapore Meetup Ethereum Foundation 2018 Preview: Vitalik Buterin Keynote Part3 [Due to the lengthy amount of information presented at the meetup, this report will be covered over 3 parts. Read Part 1 and Part 2 here. To access the video playback and Keynote slide deck, click here .] In the third part of the meetup, the audience at the Ethereum Foundation 2018 Preview were treated to an enthusiastic presentation by Karl Floersch on more in-depth explanations on the ins-and-outs of Plasma. A blockchain engineer at ConsenSys, who focuses on Ethereum, Karls passion for Ethereum and its developments that night was both evident and infectious. Karl is responsible for developing much of the version of Plasma with much less per-user data checking. Follow him at Pulling out his slides from his YouTube channel, where he previously had filmed and uploaded an overview of Ethereums Minimal Viable Plasma (MVP), Karl went back over the points as mentioned by Vitalik earlier in the meetup. The exciting thing about Plasma is, Karl began, with noteable zeal in his voice, that its this new design, principal, architecture pattern this is the way that we build blockchains. And it is a kind of new science, you know, people call it cryptoeconomics, its something very difficult to wrap your head around, and there are not enough resources out there on how to build these applications! And so this is just the beginning, its 12 slidesits not going to save the world of applications built on top of blockchain, but..maybe itll help. MVP, the first full specification of how Plasma will be implemented, is massively scale-able and can scale to more than 1,000 transactions per second. Later versions can accommodate up to transactions per second in the millions. Tokens can always be redeemed o Continue reading >>

Ethereum Foundation 2018 Preview: Vitalik Buterin Keynote

Ethereum Foundation 2018 Preview: Vitalik Buterin Keynote

Ethereum Foundation 2018 preview: Vitalik Buterin Keynote Two days ago, Vitalik Buterin, known to most of us as the Canadian-Russian brains behind Ethereum, was in town to discuss the 2018 roadmap as well as plans for Ethereum. The first part of his talk covered the Proof of Stake (PoS) and Casper the Friendly Finality Gadget. A quick visual guide below provides a simple explanation of the difference between Proof of Work and Proof of Stake . The Proof of Workis a protocol that has the main goal of deterring cyber-attacks such as a distributed denial-of-service attack (DDoS) which has the purpose of exhausting the resources of a computer system by sending multiple fake requests. The Proof of Work is a requirement to define an expensive computer calculation, also called mining, that needs to be performed in order to create a new group of trustless transactions (the so-called block) on a distributed ledger called the blockchain.Proof of Work is not only used by the bitcoin blockchain but also by Ethereum and many other blockchains.Proof of Stake is a different way to validate transactions based and achieve the distributed consensus.In a distributed consensus-based on the Proof of Work, miners need a lot of energy. One Bitcoin transaction required the same amount of electricity as powering 1.57 American Householdsfor one day.Developers are pretty worried about this problem, and the Ethereum community wants to exploit the Proof of Stake method for a more greener and cheaper distributed form of consensus. Creditsto Blockgeeks for the diagram below. More technical information on the Casper protocol can be found here on the Ethereum Casper Note The second part of the talk was spent largely on the Plasma Chain, which are Scalable Autonomous Smart Contracts. The Plasma Chain is Continue reading >>

Ethereum - Wikipedia

Ethereum - Wikipedia

This article has multiple issues. Please help improve it or discuss these issues on the talk page . This article relies too much on references to primary sources . Please improve this by adding secondary or tertiary sources . Some of this article's listed sources may not be reliable . Please help this article by looking for better, more reliable sources. Unreliable citations may be challenged or deleted. The Ethereum Project's logo, first used in 2014 Ethereum is an open-source , public, blockchain -based distributed computing platform featuring smart contract (scripting) functionality. [2] It provides a decentralized Turing-complete virtual machine , the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum also provides a cryptocurrency token called "ether", which can be transferred between accounts and used to compensate participant nodes for computations performed. [3] "Gas", an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network. [2] [4] Ethereum was proposed in late 2013 by Vitalik Buterin , a cryptocurrency researcher and programmer. Development was funded by an online crowdsale between July and August 2014. [5] The system went live on 30 July 2015, with 11.9 million coins "premined" for the crowdsale. [6] This accounts for approximately 13 percent of the total circulating supply. In 2016, as a result of the collapse of The DAO project, Ethereum was forked into two separate blockchains - the new forked version became Ethereum (ETH), and the original continued as Ethereum Classic (ETC). [7] [8] [9] Ethereum was initially described in a white paper by Vitalik Buterin , [10] a programmer involved with Bitcoin Magazine , in late 2013 with a goal of buildin Continue reading >>

Ethereum Will Match Visa In Scale In A Couple Of Years Says Founder

Ethereum Will Match Visa In Scale In A Couple Of Years Says Founder

Ethereum will match Visa in scale in a couple of years says founder Vitalik Buterin explains Ethereum in his own words at Disrupt SF The mind behind Ethereum, Vitalik Buterin , is matter-of-fact about the crypto. In short, he believes what interviewer Naval Ravikant called brain virus is the true future of security and economics and, with the right incentives, Ethereum can replace things like credit card networks and even gaming servers. Buterin separates the world into two kinds of people. Theres the average person whos already heard of bitcoin and the average person who hasnt, he said. His project itself builds upon that notion by adding more utility to the blockchain, thereby creating something everyone will want to hear about. Where Ethereum comes from is basically you take the idea of crypto economics and the kinds of economic incentives that keeps things like bitcoin going to create decentralized networks with memory for a whole bunch of applications, he said. A good blockchain application is something that needs decentralization and some kind of shared memory. Thats what hes building and hopes others will build on the Ethereum network. Vitalik Buterin (Ethereum Foundation) and Naval Ravikant at TechCrunch Disrupt SF 2017 Right now the network is a bit too slow for most mainstream applications. Bitcoin is processing a bit less than 3 transactions per second, he said. Ethereum is doing five a second. Uber gives 12 rides a second. It will take a couple of years for the blockchain to replace Visa. Buterin doesnt think everything should run on the blockchain but many things can. As the technology expands it can grow to replace many services that require parallelization that is programs that should run at the same time. You could run StarCraft on the blockchain. Those Continue reading >>

Vitalik Buterin Addresses Growing Global Interest In Ethereum

Vitalik Buterin Addresses Growing Global Interest In Ethereum

Vitalik Buterin Addresses Growing Global Interest In Ethereum Ethereum founder Vitalik Buterin engaged in discussions with Vladimir Putin, companies, and agencies in Russia. During a recent visit to Russia, Ethereum founder Vitalik Buterin found himself briefly in the presence of Vladimir Putin and met in depth with industry leaders. On his conversation with Putin, Buterin said, "The meeting was quite short." He went on to say, "The longer and deeper discussions took place with Russian companies and government agencies who are interested in exploring blockchain technology for applications like birth, death, marriage, and land registries." According to the Ethereum Foundation, Buterin has spoken to government authorities in the US, Canada, UK, China,Taiwan, and others. The meeting with industry leaders is consistent with budding global interests. Right now, in the US, the Securities Exchange Commission is weighing whether to approve an Ethereum-based exchange-traded fund. In turn, the Enterprise Ethereum Alliance (EEA) announced that the Illinois Department of Financial and Professional Regulation joined its ranks Northward, though the Bank of Canada has decided to set blockchain technology aside for the time being, after concluding a test on security and scalability, the separate but similarly named National Bank of Canada has joined the EEA, counting itself among a growing number of innovators in the blockchain sector. In the UK, Brexit tensions may be mounting but development for FinTech is at full steam with support from government agencies. An example of this took place in 2016 when the UK government awarded 248,000 pounds to Tramonex to develop cross currency payment systems which leverage the Ethereum blockchain. Eyes turn to the east as the People's Bank of Chin Continue reading >>

Vitalik Buterin (@vitalikbuterin) | Twitter

Vitalik Buterin (@vitalikbuterin) | Twitter

This timeline is where youll spend most of your time, getting instant updates about what matters to you. Hover over the profile pic and click the Following button to unfollow any account. When you see a Tweet you love, tap the heart it lets the person who wrote it know you shared the love. The fastest way to share someone elses Tweet with your followers is with a Retweet. Tap the icon to send it instantly. Add your thoughts about any Tweet with a Reply. Find a topic youre passionate about, and jump right in. Get instant insight into what people are talking about now. Follow more accounts to get instant updates about topics you care about. See the latest conversations about any topic instantly. Continue reading >>

Ethereum Foundation: Zahoor Mohamed Swarm, Singapore

Ethereum Foundation: Zahoor Mohamed Swarm, Singapore

Discussion with Blockchain and Octagon Financial, Bitcoin HK Swarm is a distributed storage platform and content distribution service, a native base layer service of the ethereum web 3 stack. The primary objective of Swarm is to provide a decentralized and redundant store of Ethereums public record, in particular to store and distribute dapp code and data as well as block chain data. From the end users perspective, Swarm is not that different from WWW, except that uploads are not to a specific server. The objective is to peer-to-peer storage and serving solution that is DDOS-resistant, zero-downtime, fault-tolerant and censorship-resistant as well as self-sustaining due to a built-in incentive system which uses peer to peer accounting and allows trading resources for payment. Swarm is designed to deeply integrate with the devp2p multiprotocol network layer of Ethereum as well as with the Ethereum blockchain for domain name resolution, service payments and content availability insurance. 6:30 7:00 pm : Registration + Reception 7:00 8:00 pm : Zahoor Mohameds Keynote Continue reading >>

Ethereum Singapore Meetupethereum Foundation 2018 Preview: Vitalik Buterin Keynote Part1

Ethereum Singapore Meetupethereum Foundation 2018 Preview: Vitalik Buterin Keynote Part1

Ethereum Singapore Meetup Ethereum Foundation 2018 Preview: Vitalik Buterin Keynote Part1 [Due to the lengthy amount of information presented at the meetup, this report will be in 3 parts. To access the video playback and Keynote slide deck, click here. ] The Ethereum Foundation 2018 Preview: Vitalik Buterin Keynote took place on the evening of 6 March 2018. Hosted by Ethereum Singapore in thebridge by Ascendas-Singbridge in Science Park Drive, the event drew a crowdsize of approximatley 300 people, with others occupying the overflow spaces outside the room, and yet even more tuning in online to the livestream. Ethereum Singapore is organised by core members of the DigiX team and has hosted Vitaliks official keynote addresses for the last two years. In the moments leading up to the keynote, the Metro room in thebridge was abuzz with a tinge of excitement and anticipation. But the hush died quickly when Vitalik Buterin, casually clad in the same unicorn and rainbow t-shirt seen at Disrupt SF , walked in with his team. Hi, Vitalik began in a soft, cheery tone. His willowy frame and bashful nature belies the 24-year old uncanny mind that was responsible for taking the blockchain technology to new and unprecedented frontiers. Vitaliks vision for Ethereum builds on Blockchains decentralization ideals to eliminate the issues of trust and reliance on third parties. After all, this governing philosophy behind blockchain is what makes it such a powerful idea. It came as no surprise that this emphasis on decentralization was influential in driving the developments for the Ethereum network. The agenda for the keynote session were as followed: Update on Proof of Stake (PoS) and Casper Roadmap ahead and scaling issues for Ethereum Competing chains on the topic of scalability Ethere Continue reading >>

Enterprise Ethereum Alliance

Enterprise Ethereum Alliance

Hewlett Packard Enterprise and 47 Organizations Join 200-Member Strong Enterprise Ethereum Alliance Four More Working Groups Launched for A Total of 14; Includes Quorum, Communications Protocol, Standards and Integration and Tools Working Groups NEW YORK, N.Y., USA October 18, 2017 The Enterprise Ethereum Alliance (EEA) announced today that Hewlett Packard Enterprise , along with 47 other companies, had joined, raising membership to 200. In addition, four member-driven Working Groups were launched bringing the total to 14 Working Groups and Committees initiated since EEAs launch in February of this year. EEA is the worlds largest open-source blockchain initiative and offers the most industry-focused, member-driven Working Groups. EEAs membership represents a wide variety of business sectors from every region of the world, including technology, banking, government, healthcare, energy, pharmaceuticals, marketing, and insurance, as well as a number of fast-growing Ethereum startups. Joining the EEA is a significant step for Hewlett Packard Enterprise in making blockchain enterprise-ready and accelerating our customers journey to production, said Markus Ogurek, HPEs Global Financial Services Industry Lead. Our commitment to the EEA will help enterprise-grade blockchain technology adoption and will enable clients to innovate in most demanding applications. Along with Hewlett Packard Enterprise,new members joining the EEA include: New Working Groups and Committees include: The Quorum Working Group, Co-Chairs: Conor Svensson, blk.io and Alex Liu, AMIS The Communications Protocol Working Group, Co-Chairs: Oliver Kemmis, Globility Limited and Dele Olajide, TraderLynk The Integration and Tools Working Group, Co-Chairs Conor Svensson, blk.io and Juan Blanco, Consensys The Standar Continue reading >>

Ethereum Classic Community

Ethereum Classic Community

Vitalik Buterin and The Ethereum Foundation create the first blockchain-based turing-complete smart contract platform Slock.it construct TheDAO Ethereum Contract; a security audit is completed by Dejavu TheDAO smart contract is deployed; members of the public send it value in return for DAO tokens Slock.it announce a $1.5 Million USD proposal, paid in Ether by the crowdfund, 'to guarantee the integrity of The DAO' On the last day of the crowdsale, DAO curator Vlad Zamfir calls for a moratorium on TheDAO, citing many game-theoretical security issues The crowdsale completes to become the world's largest and raising an incredible $150 Million USD Peter Vessenes publicly discloses the existence of a critical security vulnerability overlooked in many Solidiy contracts Stephan Tual publicly claims that TheDAO funds are safe despite the newly-discovered critical security flaw Ether is slowly and silently drained from TheDAO as the re-entry bug is applied The price of Ether is slashed in half as Griff Green announces that TheDAO has been hacked TheDAO's splitting mechanism gives around a month for a solution to be found that recovers the funds; Foundation and community developers race to implement a soft fork A group of 'white-hat' hackers secure 70% of TheDAO funds but protocol-level action is required to save the remaining 30% split by the hacker The Ethereum Foundation releases a 'Soft Fork' client to censor transactions coming from the hacker; mining pools vote to enable it by lowering gas limit Critical Denial of Service flaws are found in the Soft Fork implementation, miners quickly decide not to use it Many days of intense arguing goes on in the Ethereum community about the pros and cons of implementing a Hard Fork The only remaining option is a controversial Hard Fork. Continue reading >>

Singaporean Dollar Tokenized Through Ethereums Blockchain By The Monetary Authority Of Singapore

Singaporean Dollar Tokenized Through Ethereums Blockchain By The Monetary Authority Of Singapore

The future is here. So say a report by the Monetary Authority of Singapore (MAS), which in collaboration with a number of banks and blockchain technology firms recently announced that phase one of tokenizing Singaporean Dollars through an ethereum blockchain has successfully completed. The Distributed Ledger network consisted of two MAS nodes running Ethereum and MQ Client with the genesis block created by one of the MAS nodes and eight bank nodes running Ethereum, MQ Client, and Common Payment Gateway (CPG), says the report . The project connects current systems, such as clearing houses and processes running through MQ Clients or other software such as MASs MEPS, to an Ethereum private blockchain as, according to the report, there can be a number of benefits. The report says: MAS can create atomic transactions for the first time for cross-border fixed income products with payments directly on central bank money. This would enable true Delivery vs Paymen (DvP) where security and corresponding payment switches ownership simultaneously at the deepest technical level. This could remove the occurrence of late payments and payment failures. Certainty around delivery and near real-time, same-day (t+0) delivery also becomes viable. These could make both domestic as well as cross-border transactions more attractive from both a technology and end user experience standpoint. Furthermore, the reduction in counterparty risk may drive a reduction in collateral requirements in some circumstances. The process of tokenizing Singaporean Dollars through Ethereums blockchain image source MAS. The tokenization was inspired by R3s Project Jasper, which was trialed by the Bank of Canada, but they seem to have opted for the use of Ethereum, probably because it has a public blockchain which m Continue reading >>

Sophie Mathur | Lawyers | Linklaters

Sophie Mathur | Lawyers | Linklaters

I am a corporate lawyer, advising on the Southeast Asian regions most complex cross-border transactions. I am commercially minded, client-focused, conscientious and am trusted for my sound judgment and my ability to offer solutions in challenging situations. Sophie specialises in cross-border corporate transactions, including mergers and acquisitions, private equity transactions, takeovers and joint ventures, and advises on a mix of corporate strategic transactions and financial sponsor deals across Southeast Asia. She has specialist expertise in the financial services, consumer and technology sectors. As one of the firms global co-heads of innovation, Sophie has a keen interest in promoting the development of Singapores start-up ecosystem and advises several start-ups and entrepreneurs. Sophie began her career in London, where she trained and worked for five years. In 2010, Sophie spent three months in Jakarta on a secondment to PT Astra International, Indonesias largest conglomerate, assisting on the legal aspects of many of the groups businesses. Sophie has led on many of the regions most significant transactions. These include advising: ANZ on the multijurisdictional sale of its retail and wealth business in Singapore, Hong Kong, Taiwan, China and Indonesia Sun Life Financial on the buy-out of CIMB Groups shareholding in their joint venture, PT CIMB Sun Life, in Indonesia in order to comply with the governments single presence regulations Glencore, BP and SK (a Korean conglomerate), on core aspects of the restructuring of the Jurong Aromatics Refinery (an SGD2.4 billion refinery that is in receivership) Macquarie on the private equity investment to acquire 40% in Universal Terminal, the Singapore oil storage provider Mitsui on several transactions, including the sa Continue reading >>

Ethereum Singapore Meetup

Ethereum Singapore Meetup

Fintech Festival Week Special: GlobalBrain Blockchain Lab Ethereum Singapore is honored to bring to you, the first of its kind, a Venture Capital talk from Global Brain , one of the largest tech VC funds with almost $500M AUM across APAC, USA, Europe and Israel. Global Brain, headquartered in Japan, has an impressive portfolio of companies that comprise of an attractive metric of 9 companies that have undergone IPOs and 27 Merger and Acquisitions. Global Brain Blockchain Labs (GBBL) inauguration was announced in September 2017 to contribute to the blockchain ecosystem, as well as foster utilisation of blockchain technology across industries and countries. Given its deep roots in venture capital, GBBL works to add value to the community and ecosystem through its existing network and knowledge. Its key focus areas include building a community-driven blockchain ecosystem, connecting projects with the relevant human capital and contributing to the communitys growth through research and knowledge sharing. Their recent investments into the blockchain array include Coins.ph and Bluzelle, who also recently presented at this meetup. The advisory board include stalwarts of the space such as Jun Hasegawa, CEO & Founder of Omise and OmiseGO, Thomas Greco, ex-BoD advisory of Ethereum Foundation and Special advisor of OmiseGO; Kai Cheng Chng, CEO & Founder of Digix; and Ron Hose, CEO & Founder of Coins.ph. Continue reading >>

Ethereum Singapore Meetupethereum Foundation 2018 Preview: Vitalik Buterin Keynote Part2

Ethereum Singapore Meetupethereum Foundation 2018 Preview: Vitalik Buterin Keynote Part2

Ethereum Singapore Meetup Ethereum Foundation 2018 Preview: Vitalik Buterin Keynote Part2 [Due to the lengthy amount of information presented at the meetup, this report will be covered over 3 parts. Read Part 1 here. To access the video playback and Keynote slide deck, click here. ] 3. Scaleability Solutions Update: Sharding The second scaleability solution introduced was sharding. Unlike Plasma, sharding is a Layer 1 solution. In sharding, the entire state of the blockchain (all accounts and transactions) is spread out on the main chain across a large number of nodes, and every node is only responsible for downloading, verifying and storing a small fraction of the incoming transactions. In the Plasma chain, if a Plasma block is invalid, it is possible for the root of that block to still be published in the main chain without interrupting the continuity of the main chain. With sharding, however, an invalid block in a shard would corrupt the main chain. Vitalik recapped the 3 goals for scaleability solutions on a main chain: Maintain a cryptoeconomic (not political or trust-based) model Big-picture goals for scaleability on the mainchain For these goals to be achieved simultaneously, every node would have to process only a small number of data. This is known as sharding. However, unlike in a traditional sharding system, maintaining a cryptoeconomic model (Goal #3) would mean that decentralization occurs not just logistically, but politcially as well. Any kind of sharding system that exists in the context of traditional centralized applications, still has one guy or several guys that controls all the servers, shuts the servers down, turns the servers ondo pretty much anything to the server. And it assumes something logistically decentralized but politically still totally Continue reading >>

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