The Daily Gwei Refuel gives you a recap every week day on everything that happened in the Ethereum and crypto ecosystems over the previous 24 hours – hosted by Anthony Sassano.

Links to discussed topics 👇

https://beaconcha.in/
https://beaconscan.com/slot/1
https://beaconscan.com/chainfinalityhistory
https://eth2-fork-mon.stokes.io/
https://twitter.com/Eth2Bot/status/1333933713164541952
https://twitter.com/RyanWatkins_/status/1333954688321019907
https://twitter.com/VitalikButerin/status/1333738057162362880
https://twitter.com/drakefjustin/status/1334083379223031808
https://twitter.com/Cooopahtroopa/status/1333829453978320896
https://twitter.com/VitalikButerin/status/1333922620857745408
https://twitter.com/algo_class/status/1333828688916439041

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DISCLAIMER: All information presented across all of The Daily Gwei’s communication channels is strictly for educational purposes only and should not be taken as investment advice.

So what is the long-awaited Ethereum 2.0 all about? What is Proof of Stake, the Beacon Chain, Sharding and Docking? And what are the different phases of their rollouts? You’ll find answers to these questions in this video.

Let’s start with an overview of what Ethereum 2.0 is and why it’s even needed in the first place.

Ethereum 2.0 a.k.a Eth2 is a set of interconnected upgrades to the Ethereum network that aims at making Ethereum more scalable, more secure and more sustainable. These changes are worked on by multiple different teams in the Ethereum ecosystem, each team focusing on building a specific part of the whole upgrade.

Initially, the set of changes needed to achieve these goals was called “Serenity”, but now most people refer to it as Ethereum 2.0 or just Eth2.

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The latest Brussels Development Briefing n. 55 on Opportunities of blockchain for agriculture organised by CTA, the European Commission/EuropeAid, the ACP Secretariat, Concord and BMZ was held on 15th May 2019 (9h00-13h00) at the ACP Secretariat, Avenue Georges Henri 451, 1200 Brussels, Room C. It provided an overview of the opportunities and challenges in adopting the blockchain technology in agriculture and the agrifood industry across several sectors and will look at best practices and successful applications of the blockchain technology of interest to the ACP countries.

https://brusselsbriefings.net/2019/04/26/next-brussels-briefing-n-55-opportunities-of-blockchain-for-agriculture/

Drawing on his experience as a competitive cross country skier, and his career in technology and leadership, Sergei Beliaev from DLT Labs joins Scott and Greg on Supply Chain Now, sharing experiences from Moscow to North America about solving problems and delivering results by “growing your own (technology) children”. He talks about transparency, trust and agility as he covers topics in supply chain and blockchain. He also shares lessons learned from an embarrassing story about how you can save time (and avoid embarrassment) by performing an equipment check prior to real-life deployment. www.dltlabs.com

A new report by on-chain analytics provider CoinMetrics suggests that miners’ considerable influence on the Bitcoin network is slowly diminishing. The research analyzed miner and pool addresses and spending in order to determine whether their influence over the network as a whole had changed over time. As miners receive newly issued Bitcoin rather than buy it, they are natural net sellers of the asset. Measuring the net flows from two types of addresses associated with block rewards revealed that there has been a gradual reduction in miners’ effect on liquidity:Operating costs such as power and rent are fiat-denominated which adds pressure to sell BTC for fiat. The research found that the percentage of the supply held by miners has generally decreased over time. The addresses that receive the block reward, and the ones that receive immediate transactions from them, have both seen a decline in the number of coins held. When viewed in the context of total supply, the gradual reduction in supply held by miners and pools is even clearer. That said, the report confirmed that miners and pools still control a “substantial chunk” of the total supply. Miners, especially those active in the network’s early days, control a significant amount of BTC. But the number of coins held by miners has generally declined throughout the network’s history. Read more in @karimhelpme ‘s piece in this week’s SOTN: https://t.co/UcZy04pACn pic.twitter.com/zqjqmMO7toThe percentage of total supply held by pool and miner addresses has declined from around 25% in 2015 to approximately 18% today according to the chart. Lower holdings means that miners have less BTC to dump on markets which diminishes their impact on prices. Net flows were volatile in the network’s early days as the amount sold varied wildly, along with prices. However, volatility has gradually decreased over time, likely due to halving events and reductions in block rewards. Several other on-chain metrics have also been in decline recently such as hashrate, which has dropped due to seasonal changes in China where most of the mining is conducted. The recent difficulty adjustment has also been noted as its largest single downward adjustment during the ASIC era according to CoinMetrics .

All data is taken from the source: https://cointelegraph.com/
Article Link: https://cointelegraph.com/news/on-chain-metrics-indicate-bitcoin-miners-influence-on-the-price-is-diminishing

#miners #coinmarke #winklevossbitcoin #cryptocurrencynews #cryptocurrencyexchange #cryptonews #cryptoexchange

TRADE THE CHAIN
Welcome to Trade The Chain, every Friday afternoon. Join Alex Mascioli, CJ Reichel, Matt Montemayor and Ryan Gorman as they run through the weeks crypto markets hitting the charts with bitcoin technical analysis, the weeks hot (or not) digital asset tickers and capping off with viewer questions and digital-asset trading news.

Don’t forget to hit the ‘like’ and ‘subscribe’ buttons to get your weeks crypto trading recap each Friday afternoon.

Alex Mascioli – Head of Institutional Services; Bequant – https://twitter.com/AlexMascioli – https://bequant.pro/
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TRADE THE CHAIN
Welcome to Trade The Chain, every Friday afternoon. Join Alex Mascioli, CJ Reichel, Matt Montemayor and Ryan Gorman as they run through the weeks crypto markets hitting the charts with bitcoin technical analysis, the weeks hot (or not) digital asset tickers and capping off with viewer questions and digital-asset trading news.

Don’t forget to hit the ‘like’ and ‘subscribe’ buttons to get your weeks crypto trading recap each Friday afternoon.

Alex Mascioli – Head of Institutional Services; Bequant – https://twitter.com/AlexMascioli – https://bequant.pro/
CJ Reichel – Crypto Analyst; @Market Rebellion – https://twitter.com/chrisjreichel – https://marketrebellion.com/
Matt Montemayor – Crypto Analyst; @Market Rebellion – https://twitter.com/chrisjreichel – https://marketrebellion.com/
Ryan Gorman – Principal; RGPR – https://twitter.com/GormoExJourno – https://www.gormanstrategies.com/

Interested in starting a crypto fund? Visit – https://www.institutionaldigitalassets.com/ or https://www.alexmascioli.com/ Want to get all the important institutional crypto & digital-assets news delivered to your inbox every Sunday. Subscribe to the Crypto Fund Report newsletter here: https://www.cryptofundreport.com/subscribe-to-our-newsletter/

Recommended Channels:
📺 Digital Asset News – The best in daily crypto news recap featuring audience questions and more!
https://www.youtube.com/channel/UCJgHxpqfhWEEjYH9cLXqhIQ

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DISCLAIMER
Everything expressed here is my opinion and not official investment advice – please do your own research before risking your own money.Satoshi Boomin is not providing you individually tailored investment advice. Nor is Satoshi Boomin registered to provide investment advice, is not a financial adviser, and is not a broker-dealer. The material provided is for educational purposes only. Satoshi Boomin is not responsible for any gains or losses that result from your cryptocurrency investments. Investing in cryptocurrency involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire investment. Investors should consult their financial adviser before investing in cryptocurrency.

This video may contain copyrighted material the use of which is not always specifically authorized by the copyright owner. Such material is made available for research or academic purposes. We believe this constitutes a ‘fair use’ of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, this video is distributed without profit, for research and educational purposes.

I am not a financial advisor. Do not take this as financial advice. I am not responsible for any losses you might incur when investing in this volatile market. Please do your own research. The Cryptocurrency market is not for the feint of heart. If you cant handle volatile market price action then this market is NOT for you.

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This video and contents in the video is NOT financial advice. Remember with any investment that you should DO YOUR OWN RESEARCH before investing your money. Investors should make investments understanding that they can lose their money. I am not a financial adviser and you should NOT make financial decisions based on my videos or what I say in my videos. The views expressed are NOT financial advice. This video is informational and should NOT be used for and is not intended to be investment advice or consulting; this is news and my opinion.

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#bitcoin #finance #investing
Photo Credit:
https://newslogical.com/xrp-trounces-bitcoin-ethereum-as-conjectured-best-performing-cryptocurrency-of-2020/ [[fair use]]

The U. S. Department of Agriculture has proposed amending its rules on organic products to include implementing blockchain technology to trace its supply chain. According to an Aug. 5 report from the U. S. Department of Agriculture (USDA) Agricultural Marketing Service (AMS), the agency said it expects electronic tracking systems, including digital ledger technology (DLT), will play an “essential role” in the traceability of its supply chain of organic products.“DLT can provide secure, verifiable, transparent, and near-instantaneous tracking at the item level in complex supply chains,” the report stated. “Critically, DLT can also protect confidential business information and trade secret information by automatically restricting sensitive information to authorized entities.”However, the agency acknowledged that utilizing an emergent technology like DLT would require additional time and development before a system could be implemented in the organic food industry.“Barriers to widespread adoption of an electronic tracking system include inadequate access to technology and connectivity in rural areas, acceptance of universal electronic standards (interoperability), and distribution of costs,” the proposed amendment stated. The USDA report did not mention blockchain technology by name, but cited several pilot programs as references, including Walmart using blockchain traceability systems for mangos and pork, Swiss-headquartered food retail giant Nestlé testing a public blockchain for its milk supply chain, and U. S.-based seafood firm Bumble Bee Foods monitoring the supply chain of yellowfin tuna from Indonesia. Any individuals, businesses, or organizations participating in the global organic agricultural product supply chain that are not currently required to be certified under USDA’s existing program can review the proposed rule and submit comments before October 5.

All data is taken from the source: https://cointelegraph.com/
Article Link: https://cointelegraph.com/news/usda-proposes-blockchain-ledger-for-organic-product-supply-chain

#supply #etccoinbase #60minutesbitcoin#cryptocurrencynews #cryptocurrencyexchange #cryptonews #cryptoexchange

In this video I walk you through setting up the blockchain basics for a simple supply chain example using python. We explore topics like the block, block chain, nonce and proof of work as well as briefly review smart contracts

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Crash course overview of the concepts of a blockchain currency system.

These links contain some helpful background reading:
https://github.com/worace/coinage/blob/master/topics/hashing.markdown
https://github.com/worace/coinage/blob/master/topics/public_private_crypto.markdown

This article gives a helpful overview covering similar topics:
https://www.igvita.com/2014/05/05/minimum-viable-block-chain/

More info:
https://github.com/worace/coinage

While Ethereum continues to develop the next stage of its evolution with the sharding-enabled Ethereum 2.0, a group of developers will focus on the existing chain to maintain its operability during the transition. 

Dubbed Ethereum 1.x, the project’s goal is to maintain Ethereum’s (ETH) usability while the Serenity upgrade is being worked on. As explained in a Dec. 10 blog post by Ethereum Foundation (EF), the new version is still years away:

“Our story begins with a realization by core developers that the final phase of the Ethereum roadmap, ‘Serenity’, would not be ready as early as originally hoped. With potentially many years before a full ‘Ethereum 2.0’ roll-out, the current chain would need changes to ensure that larger problems that wouldn’t render Ethereum in-operable before a comprehensive protocol upgrade could be delivered.”

While there are no single insurmountable issues, the developers point to small degradations of performance due to the continuous growth of the blockchain. Full nodes currently need to download and process the entirety of Ethereum’s history, currently weighing over 200 gigabytes. 

This figure grows by 10-15 GB every month and leads to issues with node operation and network latency. The slightly separate issue of “state bloat” would also make block verification harder.

State is one of Ethereum’s key technology concepts. It represents the collective memory of all smart contracts and all current wallet balances. Each transaction makes modifications to the overarching state, which over time leads to bloat.

How Ethereum 1.x solves the problems

Several solutions are proposed to mitigate part of these issues. Pruning, the deletion of certain unneeded blockchain data, could mitigate storage requirements — but it’s complex to implement.

Network latency can be fixed with block “pre-announcement,” where miners would announce new blocks before they are validated. This would give more time for nodes to distribute block information, ensuring the correct operation of the blockchain. This optimization is “within reach,” according to the developers.

Finally, reducing state bloat is the core direction of research. An earlier proposal on introducing “state rent,” where smart contracts would have to pay fees for their share of state usage, was thrown out as unfeasible. 

Instead, Ethereum 1.x is introducing the concept of “stateless clients.” Instead of storing the entire state, clients will simply compute the changes to it from a previous block — using “block witnesses” to ensure their validity. Though some nodes will still need to maintain the entire state, the benefits appear to be significant.

The relationship with Serenity

Ethereum 1.x is developed under the full patronage of EF. But while they are both under the same umbrella, the 1.x code base will remain separate from 2.0.

Cointelegraph approached James Hancock, the team coordinator for the 1.x project, for clarifications. When asked about how the various phases of Ethereum 2.0 will interact with it, he explained:

“Phase 0 implemented will still have Eth1.X as a separate code base. Phase 0 is a bridge, and although the transition is gradual between Eth1 and Eth2, pay attention to the state, as in the contract and storage state of Ethereum. Where that goes, Ethereum goes.”

Although the transition will be gradual, there is a possibility that a contentious hard fork like the one that resulted in the creation of Ethereum Classic could occur. But while that remains a possibility, the 1.x team has no intention of creating a separate chain. Hancock added:

“The Freedom to Fork is maintained throughout the entire process. The same as it is today, and as it should be in my opinion. Theoretically possible, yes. Is it planned by the Eth1.X team? No.”

There may be a point of no return in terms of the ability to fork a pure 1.x chain. As Hancock elaborated, as soon as the state moves to the 2.0 chain, it will become the primary version of Ethereum. However, there are no specific milestones for it as of yet.

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DISCLAIMER: This article should not be taken as is, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.

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I welcome Draeth from the most secure and private cryptocurrency of all. He is back from the Pirate Festival and gives some important updates including on how the team are working to ensure that even public blockchain cryptos such as Bitcoin, Litecoin etc can be made private with Pirate Chain’s technology! Plus learn what are the latest developments from the Pirate Festival?
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►The information presented in this video is provided for educational, informational, and entertainment purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. It is not intended to be, and does not, constitute legal, financial, investment, trading, or any other advice. All of the information presented is general in nature and is not specific to you or anyone else. Do not make any decision, legal, financial, investment, trading or otherwise, based on any of the information presented in this video without first consulting a licensed professional. You understand that you use or rely on any and all information provided in this video at your own risk.
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Blockchain explained through simple text, hand-drawn illustrations and straightforward narration.

There has been a recent explosion of interest in blockchain-based distributed ledger systems such as Bitcoin, Ethereum, and many others. Much of this work originated outside the distributed computing community, but the questions raised, such as consensus, replication, fault-tolerance, privacy, and security, and so on, are all issues familiar to our community.

This talk surveys the theory and practice of blockchain-based distributed systems from the point of view of classical distributed computing, and how treating blockchains as a distributed computing problem simplifies everything.

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**DISCLAIMER**- I am not a financial adviser nor am I giving financial advice. I am sharing my opinion based off speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.

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Signature Chain (SIGN) is an online platform that allows the certification of any data and document on the decentralized Waves Blockchain.

https://www.signature-chain.com

How can a business blockchain benefit a global trade network? Watch the full webinar at: https://pages.consensys.net/blockchain-and-international-trade-trade-finance-and-supply-chain

International trade – a $17 trillion market – is identified as a primary use case for #blockchain technology. There are significant issues of trust between exporters and importers (particularly from emerging to developed markets) and operational inefficiencies. Exporters/importers also face challenges to finance or guarantee their transaction, which prevents further growth. In this webinar, learn about the real strides that have been made in digitizing, securing, streamlining and ultimately accelerating operational processes across global #trade markets.

· Learn how market participants are moving from paper-based operational and legal frameworks to digital documents, data and legally enforceable signatures that can be instantly exchanged and transferred.
· See how business network trust process automation is improving trade and supply chain finance.
· Learn about blockchain developments in commodities trading, settlement and distribution, digital marketplaces and tokenization.

Learn more at https://consensys.net/solutions/

Presented by:
· Didier Le Floch, Partner & Architect – Trade, Supply Chain & Commodities, ConsenSys; Prev. Co-Founder / CTO Trade Quorum
· Guillaume Dechaux, Venture Architect Partner, Commodities and Trade Finance, Consensys; Founder, Trade Quorum; Prev. Global Head, Energy Solution Group, HSBC; Global Head, Commodity Structured Corporate Solutions, BNP Paribas.

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Any Information provided by Knockout Crypto LLC is provided for educational purposes only. Any Investment you make are your RESPONSIBILITY. Past performance is no guarantee of future results. Membership to The Knockout Crypto LLC and its contents is granted at will, and may be revoked at anytime without cause.

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