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DECEMBER 2017

launched the first publicly accessible data marketplace for the Internet of Things, aiming to demonstrate a proof of concept for a tamper-proof data marketplace. Also, rising up the agenda since it recently emerged from stealth mode is another DAG-based protocol called hashgraph, which on first glance appears to have some technical similarities to IOTA’s Tangle. Hashgraph is also not a traditional blockchain but instead is based on a consensus algorithm and data structure that is asynchronous Byzantine fault tolerant. How does this system work? Every node in the network communicates to two other nodes what it knows about the current state of the network, as well as which node it heard from most recently. This process is known as “gossip about gossip” and gives all nodes insight about what and when other nodes know about transactions. This then allows them to determine how other nodes would vote on the ordering of those transactions, in a process called ‘virtual voting’. Hashgraph’s performance speed appears to be unmatched, and its founders say that it is currently the only “banking grade” consensus algorithm in the market. The company’s biggest announcement so far is that CULedger, a US-based credit union consortium has selected hashgraph technology as a key component of its permissioned, distributed, shared ledger platform. EOS meanwhile describes itself as “the most powerful infrastruc-

ture for decentralized applications” and is inAll of this activity shows us that real-world tended to be a blockchain for use at commerblockchain implementation is getting sericial scale. EOS hinges on the concept of horious. Once enterprise gets involved there is less zontal scalability – in other words, the partolerance for delays and no room for security allel execution of smart contracts and the sibreaches. We are now well into the next wave multaneous processing of transactions so that of blockchain innovation. Rather than “one transactions are no longer stuck in a queue. Blockchain to rule them all”, will we now inInstead, EOS incorporates CTO stead see a flowering of multiple Dan Larimer’s delegated proof-ofblockchains suitable for different stake (DPoS) consensus protocol uses cases and the growth of in– akin to a kind of republic where teroperability between platforms? members of the community delAnd, as such platforms compete egate the responsibility of verifyfor dominance as the “trust laying transactions to elected ‘deleer of the internet”, perhaps the gates’. Supporters call it ‘the new most important question should Once enterprise Ethereum’; others want to see be, when it comes to the next gengets involved there eration of innovators, which trust more proof of how the platform is less tolerance for platform convinces us the most? and code work in detail.

delays and no room

If that were not enough, these for security breach- NOTE FROM ICO CROWD: are not the only “new kids on the es. We are now well block(chain)”. Other new platIOTA has recently been misrepinto the next wave forms include Waves (an openresented in the media and has of blockchain inno- therefore, decided to issue a pubsource blockchain platform that allows users to launch their own lic statement setting the record vation. custom cryptocurrency tokens) straight. Please visit https://blog. which is promoting its speed; Bancor (an upiota.org/iotas-data-marketplace-setting-the-regraded functionality standard for Etherecord-straight-576fbf0b4513 to view the truths um tokens which allows smart contracts to and myths surrounding the IOTA project. be their own market makers) which focuses mostly on liquidity; Byteball (a protocol fo- Helen Disney is the CEO and Founder of Uncused on privacy and speed) and Universa (a blocked Events, a hub for Blockchain and Dis‘fully customisable blockchain”) with a focus tributed Ledger events, commentary and neton speed and safety. working.

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ICO Crowd Magazine Issue 4  

D10e’s Mike Costache, Senero, Aragon,Ocean Protocol and many more...

ICO Crowd Magazine Issue 4  

D10e’s Mike Costache, Senero, Aragon,Ocean Protocol and many more...

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