Ethereums Fund Recovery Debate Has No Right Answer
By Carlos Terenzi in Cryptocurrency News Home Back in November, Ethereums second most popular client, Parity, was hacked. From the attack, 500,000 ETH have been compromised and there is no clear answer about how to solve the issue. There have been different proposals, votes and debates, but until now, theres not an answer about what to do. Parity Hack Funds What To Do With Them? A former partner at Andreessen Horowitz and software engineer at Coinbase, Preethi Kasireddy, said that there is no right answer to the Ethereum fund recovery debate. During the Ethereum community conference EDCON on May the 4th, Kasireddy said that it is time for the Ethereum community to define its collective values. During the last weeks some developers warned that the community could split due to the lack of consensus on the matter. Of course, there are several individuals that want to avoid this outcome and are doing all what they are able to find a solution. Theres no right answer obviously, because it there was a right answer we would have figured it out and move don a long time ago. The last month, a vote that included 4 million ETH, resulted in the opposition to restore the 500,000 ETH frozen during the parity hack. 55% percent of the votes were against the recovery, and 39,4% percent were in favour. Kasireddy explained that a formal governance method would not be the way to solve the problem. Thats why the community needs to determine which are its core principles and make the best decision as possible. Its a very culturally defining moment for Ethereum , because the answer is based on what our shared social norms are and what our shared political norms are. To be honest I dont think we know what those are, and thats why were stuck at this debate, commented Preethi Kasireddy at the ED Continue reading >>
#18: Preethi Kasireddy How Investment Banker & A Vc Quit Her Job To Became A Software Engineer
Intro: Growing up were told that in order to be successful, you have to be a banker, a doctor, or a lawyer. Thats what the gatekeepers want us to think. But were a part of something bigger. Were part of a technological revolution. Either youre at the table or on the table. Getting eaten. 10X. Ruben: Yo, yo, yo, this is Ruben here so Im here with the homies Artur and Timur Meyster and this is the Breaking Into Startups Podcast. Timur, can you please tell the people what were doing today? Timur: Yeah so today, were recording our episode from Hack Reactor . Its about 8 pm on a Monday and were actually sitting in the back room on one of the floors of the Hack Reactor building. We kind of literally broke in because we just went up the elevator, went into the conference room in the back and if we step outside the room, theres people whiteboarding, talking about coding, theyre building apps, and were about to talk about how to break into startups. Artur, please introduce our guest. Artur: Yeah, Today we have a very special guest, Preethi Kasireddy, who is an engineer at Coinbase . Its a bitcoin startup, super hot. You guys should totally check it out. Preethi has a super interesting story of how she broke into tech. She started out in investment banking right out of school and then she joined Andreessen Horowitz which is at the top of the VC firms out here and you may have heard about her from her blog post called Why I Left the Best Job in the World, which talks about why she left VC to join Hack Reactor and learn how to code. Preethi, before we begin, can you take us back and tell us about where youre from and what you were up to before you broke into tech. Preethi: So I kind of loved all of the place when I was younger. I was born in Connecticut, moved to the Chicago, and Continue reading >>
How Does Ethereum Work,anyway?
Odds are youve heard about the Ethereum blockchain, whether or not you know what it is. Its been in the news a lot lately, including the cover of some major magazines, but reading those articles can be like gibberish if you dont have a foundation for what exactly Ethereum is. So what is it? In essence, a public database that keeps a permanent record of digital transactions. Importantly, this database doesnt require any central authority to maintain and secure it. Instead it operates as a trustless transactional system a framework in which individuals can make peer-to-peer transactions without needing to trust a third party OR one another. Still confused? Thats where this post comes in. My aim is to explain how Ethereum functions at a technical level, without complex math or scary-looking formulas. Even if youre not a programmer, I hope youll walk away with at least better grasp of the tech. If some parts are too technical and difficult to grok, thats totally fine! Theres really no need to understand every little detail. I recommend just focusing on understanding things at a broad level. Many of the topics covered in this post are a breakdown of the concepts discussed in the yellow paper. Ive added my own explanations and diagrams to make understanding Ethereum easier. Those brave enough to take on the technical challenge can also read the Ethereum yellow paper. A blockchain is a cryptographically secure transactional singleton machine with shared-state.  Thats a mouthful, isnt it? Lets break it down. Cryptographically secure means that the creation of digital currency is secured by complex mathematical algorithms that are obscenely hard to break. Think of a firewall of sorts. They make it nearly impossible to cheat the system (e.g. create fake transactions, erase tr Continue reading >>
The Changelog #271: My Roadmap To Become A Blockchain Engineer With Preethi Kasireddy | Changelog | News And Podcasts For Developers
So Preethi, almost two years ago to the day as the time of recording, 11th September 2015, you wrote a Medium post "Why I left the best job in the world." You were at Andreessen Horowitz and you wanted to become an engineer -- uh-oh, I spoiled it... But a very lengthy post, going through a lot of different options. Tell us about that, and why engineering was a draw for you. Yeah, sure. I guess it would probably make sense to start a little bit even before Andreessen Horowitz to kind of give you a little of my context. I was an engineer in college, but I wasn't software engineering, I was industrial and systems engineering. At the time, I really loved the major and I thought software engineering was basically like a bunch of nerds sitting in front of the computer and just doing really nerdy stuff, whereas like systems and industrial engineering was like you're out in the field and doing really cool systems stuff. So I had such a wrong perception of what the different engineerings were, just because -- it's sad, but most of the times, before you go to college, you don't really get a good description of what each of these fields are, what the actual real-world job is like. Yeah, and I felt like I didn't fit into that, even though I was a pretty nerdy person. I kind of have always had this conflicting personality where I was a super-duper nerd and I was really into math and physics, but I also had the social side to me, where I wanted to interact with people. So I didn't wanna just be sucked into this nerd nation. [ 00:04:14.24 ] That's what computer science was to me, for some reason, in college. And engineering itself was like that, but when I did industrial systems engineering, we were kind of cool engineers in school. Yeah. Some people even called it -- the major was l Continue reading >>
Ethereum Platform With Preethi Kasireddy - Software Engineering Daily (podcast)
MP3 • Episode home • Series home • Public Feed BySoftware Engineering Daily.Discovered by Player FM and our community copyright is owned by the publisher, not Player FM, and audio streamed directly from their servers. Ethereum is a decentralized transaction-based state machine. Ethereum was designed to make smart contracts more usable for developers. Smart contracts are decentralized programs that usually allow for some a transaction between the owner of the contract and anyone who would want to purchase something from the contract owner. For example, I could set up a smart contract where a listener sends my smart contract some ether and I send the listener a podcast episode automatically. Smart contracts can also interact with each other, to network together complex transactions. In the same way that web development has been made easier by PaaS and SaaS, smart contracts will make building financial systems simple. Preethi Kasireddy is a blockchain developer who writes extensively about cryptocurrencies. She joins the show to describe how the Ethereum platform works, including the steps involved in a smart contract transaction. This episode covers some advanced topics of Ethereum, and if you are out of your comfort zone, dont worryyou arent alone. We have covered the basics of cryptocurrencies in detail, and we have also tackled more complex aspects of them in past episodes. Download the Software Engineering Daily app for iOS and Android to hear all of our old episodes. They are easily organized by category, and as you listen, the SE Daily app gets smarter, and recommends you content based on the episodes you are hearing. If you dont like this episode, you can easily find something more interesting by using the recommendation system. The mobile app Continue reading >>
Reading - Frontier Foundry
Reading Ethos Tech Article date: October 17, 2017 Its clear that along with all the other complexities surrounding blockchain, there is a lack of understanding around the process around open source software development. Blockchain would not exist without open source licenses and the collaborative development process. Reading Ethos Article date: October 16, 2017 Jamie Dimon is the CEO of JP Morgan Chase, and has been infamously talking trash about Bitcoin. This article by Adam Ludwin sets out a whole framework connecting crypto assets to decentralized applications and how to think about them. Many excellent quotes. Morgen E. Peck: Blockchains: How They Work and Why Theyll Change the World True to their reputation, the IEEE has produced one of the most thorough in-depth overviews of blockchain technology. About a 20 minute read, and well worth it. Reading Technology Article date: September 27, 2017 Great overview of all Ethereum terminology, from top to bottom, with illustrations. David King: Fat Protocols are only half thestory Ever since Joel Monegro coined the phrase fat protocols in his astute blog post on blockchain value it has become a useful way for people to reframe thinking about how technology value will be created and captured in the blockchain space. This reframing is important. It is a very different model from the traditional ways to think about how value accrues to builders, investors, and ecosystem participants. Ajit Tripathi: Dont Decentralise Today. Invent Decentralised Tomorrow The popular myth is that if you put any business on a blockchain, it becomes decentralised. This tendency to rely on heuristics is not new. In 1999, people were putting Walmart, dogs, clothes, plush toys, criminal activities, books and dating - all on the internet and calling e Continue reading >>
How Does Ethereum Work, Anyway? By Preethi Kasireddy
How does Ethereum work, anyway? by Preethi Kasireddy How does Ethereum work, anyway? by Preethi Kasireddy Overview of Ethereum technology and how it works Preethi is a blockchain engineer who does a great job explaining highly technical subjects, and this is her article on how Ethereum works: "My aim is to explain how Ethereum functions at a technical level, without complex math or scary-looking formulas. Even if youre not a programmer, I hope youll walk away with at least better grasp of the tech. If some parts are too technical and difficult to grok, thats totally fine! Theres really no need to understand every little detail. I recommend just focusing on understanding things at a broad level. Many of the topics covered in this post are a breakdown of the concepts discussed in the yellow paper. Ive added my own explanations and diagrams to make understanding Ethereum easier. Those brave enough to take on the technical challenge can also read the Ethereum yellow paper." Continue reading >>
Bitcoin, Ethereum, Blockchain, Tokens, Icos: Why Should Anyonecare?
Bitcoin, Ethereum, Blockchain, Tokens, ICOs: Why should anyonecare? The Crypto market is gaining lots of steam. Top 8 Cryptocurrencies Price Chart (excluding Bitcoin & Ethereum) and multi-million dollar token sales are commonplace, as are front-page headlines from traditional news outlets discussing Ethereum, Bitcoin, ICOs, tokens, hard forks, and other technical topics. Even my 13-year-old brother has been calling me up asking for explanations! Ive been personally invested in this space for a while now most recently as an engineer for Coinbase but even Im surprised by how quickly the Crypto space has evolved in the past six months. If you want to understand why crypto is getting the spotlight, you have to understand the behind-the-scenes catalysts driving the market. Right now, that catalyst is the token sale or Initial Coin Offering (ICO) phenomena. You may have heard of an Initial Public Offering (IPO) when a company goes public by selling some of its shares to institutional investors, who in turn sell to the general public on the securities exchange. The public gets excited about IPOs because they let anyone with a brokerage account purchase shares of companies like Snapchat. Are ICOs the same thing? Yes and no. IPOs and ICOs are both used by companies to raise capital. The main (and really important) difference is regulation. IPOs are regulated by the SEC and have a set of legal requirements and a formal process for how theyre carried out. ICOs are currently unregulated and more of a wild west practice. Overall, there seems to be a lot of confusion and uncertainty when it comes to ICOs. Some argue that they have turned into a perverse and unsustainable Keynesian beauty contest . Supporters are optimistic and claim that its a new form of Venture Capital . With dras Continue reading >>
You can access our livestreaming now and goes all weekend long. Join our Slack channel to receive updates, meet team members & nerd out Decentralization is underway. In the coming years, emerging blockchain technologies (like Ethereum ) will aid in distributing power from the center to the edges of our communities. This movement could bring about the most significant technological and social advancements since the advent of the internet. You can be a part of this change at ETHDenver. ETHDenver is welcoming those who want to support and build the decentralized future. The Hackathon is an opportunity to work alongside the developers, thought leaders, advisers, and companies who are making the infrastructure and applications that will power the future. Scholar in Residence, University of Colorado Executive Director, CO Office of Economic Development Director , Elections Division, City & County of Denver Partnerships and Regulatory Lead, ixo Foundation General Partner, Divergence Digital Currency Founder. Creating a Humanist Blockchain Future Lead Architect, Opolis ETHDenver Chief Hydrationist Partnerships and Strategic Initiatives, Web3 Foundation ETHDenver sponsorship deadline is January 12th. Qualified sponsorships receive 15-20% credit for bounties & repos. Thank you for your interest in becoming a sponsor. Sponsorships for ETHDenver 2017 event are sold out. We will keep you information for next year's event. If you wish to reach our planning team, please email us at [email protected] . The Gart Sports Castle, a historic Denver landmark,is home to ETHDenver. More details on how we're utilizing the space will be shared in early 2018. THE ART HOTEL Official Hotel ETHDenver is a Hackathon for Ethereum enthusiasts and developers. The 36-hour Hackathon will also include s Continue reading >>
Should Dapp Development Be On Your Roadmap?
Should dApp Development be on Your Roadmap? We've put together the basics of dApps so you can make an informed decision for your firm on whether you should build a decentralized application. Everything that can be decentralized, will be decentralized. David Johnston , CEO of the dApp Fund Much of whats happening in blockchain is so disruptive, so different, that its hard to explain using real-world examples. But thats not the case for decentralized apps (dApps). They are, after all, apps. Even your most non-technical colleague or board member can relate to that. A dApp is an application that runs on a decentralized blockchain network. And, at least for now, that network, or platform, is Ethereum. Built on blockchain technology, Ethereum makes it possible for developers to build and publish dApps. Ethereum took the blockchain concept and ran with it, dramatically expanding the potential applications. Tiana Laurence, the author ofBlockchain for Dummies, calls dApps the most revolutionary and controversial manifestation of Ethereum. Before deciding if dApps need to be on your roadmap, it may help to get a lay of the land. For now, the Ethereum ecosystem is currently the best place to build decentralized applications. That makes sense, given that Ethereum was specifically built for that purpose. In fact, the Ethereum Foundations mission is to empower developers to produce the next generation of dApps, and it regularly hosts hackathons to promote dApp development. The key concept of dApps is decentralization. As Preethi Kasireddy explains in his helpful primer at Hacker Noon , This is the main idea behind dApps: a decentralized set of rules that define a specific application. This set of rules sits on a public and decentralized blockchain (instead of a central server owned Continue reading >>
Preethi Kasireddy Token Summit
Preethi is the founder and CEO of TruStory, a platform that makes it easy and fun for people discover and authenticate assertions put forth by crypto projects and people (and in the long run, by the world at large). She was previously a partner at Andreessen Horowitz, a banker at Goldman Sachs, and most recently a software engineer at Coinbase. Shes an avid learner who taught herself how to code, and is passionate about educating the world about blockchain and cryptocurrencies. Shes the author of several well-regarded posts, including How does Ethereum work anyway? and Fundamental Challenges with Public Blockchains . B.S. Industrial & Systems Engineering, University of Southern California 2017, 2018 William Mougayar. All Rights Reserved. Brian Lio is the founder and CEO of Smith + Crown, a cryptofinancial services group that provides research, data, and insights on blockchain technologies and digital assets. Previously, he founded the Bright Iron Group, a NY-based design, strategy and user experience firm, whose clients included Nike, BlackRock, Samsung and GE. He has also held positions at Microsoft and DDB. Brian graduated from Rochester Institute of Technology with a degree in Computer Science. Maciej is the founder of Userfeeds.io the content ranking & reputation system for blockchain communities inspired by liquid democracy and Googles Pagerank. Userfeeds develops the engine for algorithms that use token-based signals for ranking content. Tokenized content discovery offers alternative models of incentive alignment between publishers and audiences and value distribution from co-created network effects. Token-based filtering combined with open data can offer solutions to fake news, trolling and spam by changing the existing attention economies of large platforms. Vi Continue reading >>
Blockchains Dont Scale. Not Today, At Least. But Thereshope.
Blockchain Engineer. I have a passion for understanding things at a fundamental level and sharing it as clearly as possible. Blockchains dont scale. Not today, at least. But thereshope. The first Bitcoin paper was first released in 2008. My excitement about the potential of blockchain technology has been building ever since. Decentralized digital currency, once just a far-fetched goal, is finally making inroads into the mainstream. While thats exciting on its own merit, Im personally most excited about the potential for decentralized applications. Financial exchanges, prediction markets, and asset management platforms all carry enormous potential. The trustless systems supporting them are no less intriguing; identity verification systems, smart property, censorship resistant social platforms, and autonomous structures and governance models like DAOs . The most disruptive use cases probably havent even been dreamt up yet. But this dream still remains a dream for the foreseeable future while a few early enthusiasts and entrepreneurs are experimenting with building such applications, theres still a big missing piece that prevents us from seeing these applications come to fruition: scalability. Blockchains, as it stands today, are limited in their ability to scale. Thats not to say that this will be the case forever, but its definitely true today. In fact, Id argue its one of the biggest technological barriers we face with blockchain technology today. Its quickly become a very active area of research among researchers in the community and cryptocurrency in general. Currently, all blockchain consensus protocols (eg. Bitcoin, Ethereum, Ripple, Tendermint) have a challenging limitation: every fully participating node in the network must process every transaction. Recall that Continue reading >>
Preethi Kasireddy is a Blockchain Engineer who recently made her way from San Francisco to Los Angeles. She was previously a partner at Andreessen Horowitz, a banker at Goldman Sachs, and most recently a software engineer at Coinbase. She is currently the Founder & CEO of Schelling, a new blockchain startup. What is bitcoin? How do cryptocurrencies work? What is the blockchain? Preethi Kasireddy, a blockchain engineer, gives us a gentle introduction to the world of digital currencies. She walks us through how it all works, what developers should care about, and how she transitioned from a career in finance to being a blockchain engineer. [00:00:00.28] SY: (Music) Welcome to the CodeNewbie podcast, where we talk to people on their coding journey, in hopes of helping you on yours. I'm your host Saron, and today we're talking about cryptocurrencies. At the time of this recording, Bitcoin is worth over eleven thousand dollars. Bitcoin has gotten so big that I have family members who are not in tech in the slightest, text me and ask, have you heard about Bitcoin? You should invest. But what is Bitcoin, and how is it related to the blockchain? And what's all that got to do with cryptocurrencies? I have no idea. So I invited a guest to help us out. [00:00:44.29] PK: My name is Preethi Kasireddy, I'm a blockchain engineer, and I'm also an avid blogger and currently I'm starting a new company in the blockchain space, so I'm a founder of that, as well. [00:00:54.17] SY: She helps us break down the world of digital currencies - what they are, where they come from, how it actually works. After this. One of the best parts of being a coder is finally being able to bring your passions to life. You have the skills to design, to code, to create the thing you're excited about, and share Continue reading >>
Kasireddy: Fund Recovery Ethereum's 'defining Moment'
Kasireddy: Fund Recovery Ethereum's 'Defining Moment' May 5, 2018 at 18:03 UTC|UpdatedMay 6, 2018 at 20:30 UTC There is "no right answer" to ethereum's fund recovery debate. The words were spoken by Preethi Kasireddy, a former partner at Andreessen Horowitz and former software engineer at Coinbase, during the ethereum community conference EDCON on May 4. As the debate rages over whether ethereumshould hard fork to return funds lost on the platform, including those lost in the Parity fund freeze , Kasireddy, now the founder and CEO of blockchain startup TruStory, told the audience that now was the time for the ethereum community to define its collective values. As detailed by CoinDesk, the discussion over whether the second most valuable blockchain network should hard fork to return user funds lost in various hacks or accidents has been ongoing since November. The Parity fund freeze isn't the only instance of startups and users losing ether because of buggy code. For instance, MyEtherWallet and Kraken lost hundreds of thousands of dollars in user funds last year because of a faulty ethereum address generator. The fund recovery debate seemed to come to a head last week when somedevelopers warned that due to a lack of community consensus on the topic, a split would be inevitable, though many have since come forward to state their commitment to avoiding such an outcome . Speaking at the conference,Kasireddy discussed the political and technical subtleties on each side of the debate, before concluding: "There's no right answer obviously, because if there was a right answer we would have figured it out and moved on a long time ago." According toKasireddy, given the diversity of perspectives in response to each proposal, the conversation should not aim to encompass each attit Continue reading >>
Ethereum Platform With Preethi Kasireddy
Ethereum is a decentralized transaction-based state machine. Ethereum was designed to make smart contracts more usable for developers. Smart contracts are decentralized programs that usually allow for some a transaction between the owner of the contract and anyone who would want to purchase something from the contract owner. For example, I could set up a smart contract where a listener sends my smart contract some ether and I send the listener a podcast episode automatically. Smart contracts can also interact with each other, to network together complex transactions. In the same way that web development has been made easier by PaaS and SaaS, smart contracts will make building financial systems simple. Preethi Kasireddy is a blockchain developer who writes extensively about cryptocurrencies. She joins the show to describe how the Ethereum platform works, including the steps involved in a smart contract transaction. This episode covers some advanced topics of Ethereum, and if you are out of your comfort zone, dont worryyou arent alone. We have covered the basics of cryptocurrencies in detail, and we have also tackled more complex aspects of them in past episodes. Download the Software Engineering Daily app for iOS and Android to hear all of our old episodes. They are easily organized by category, and as you listen, the SE Daily app gets smarter, and recommends you content based on the episodes you are hearing. If you dont like this episode, you can easily find something more interesting by using the recommendation system. The mobile apps are open sourced at github.com/softwareengineeringdaily . If you are looking for an open source project to hack on, we would love to get your help! We are building a new way to consume software engineering content. We have the Android ap Continue reading >>