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Ethereum Joining Hands with Amazon Web Services and Enigma (ENG)

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Amazon Web Services

The launch of AWS Blockchain Templates for smart contracts by Amazon Web Services recently has been phenomenal. This will hasten the process of building new blockchain networks. About the launch, Jeff Barr, the Chief Evangelist for AWS posted on the AWS blog on 19th April, “We are launching AWS Blockchain Templates today. These templates will let you launch an Ethereum (either public or private) or Hyperledger Fabric (private) network in a matter of minutes and with just a few clicks. The templates create and configure all of the AWS resources needed to get you going in a robust and scalable fashion.”

Prior to this new relationship, Amazon Web Services had joined hands with Corda R3, Sawtooth, PokitDok, and Quorum. Corda lets the users create dApps on the AWS platform. However, with the help of the latest AWS Blockchain Templates, the users can develop fully fledged Ethereum network within a few minutes. The same goes for Hyperledger network. The difference is that the Hyperledger network launched will be completely private while the Ethereum ones can be private or public.

When developing Ethereum templates, the Amazon Web Services users have the option to choose from two different launch options. The blockchain framework chosen as containers by the user will be deployed by AWS Blockchain Templates directly on an EC2 instance fuelling Docker or on the Amazon Elastic Container Service cluster (ECS). Ethereum networks launched with the help of Amazon Web Services will most probably support Ethereum mining. The EthStats page will keep an eye on the network metrics. Amazon will also give an EthExplorer toolkit to the clients such that they can reconnoiter the transactions and the smart contracts that are stored in the ledger. As the networks will be developed directly into the user’s Amazon VPC, it will allow the user to access the subnets of VPC and Access Control Lists. The user also has the option to reduce the use of resources by utilizing granular permissions allocated with AWS IAM.

This venture will be beneficial for many industries as they can launch both private and public Ethereum networks through AWS for analysis of critical financial data and audit and risk assessment tasks and so on.

Ethereum Alliance and Enigma (ENG) and Decentralized Identity Foundation

Enterprise Ethereum Alliance (EEA) and the Decentralized Identity Foundation (DIF) have incorporated Enigma (ENG) as a member recently. The cryptocurrency, Enigma (ENG) focuses on privacy, security, and scalability. The platform, Enigma Data Marketplace, launched three weeks prior to this announcement acts as a bridge between data providers and apposite data consumers. The objective of Enigma (ENG) is to assimilate crypto world and financial datasets.

Enigma is also looking forward to improvising decentralization for blockchains by conforming smart contracts like Ethereum’s into “secret contracts”. This technology will hide entered data from the code-executing nodes on the network of Enigma. It is a step that will ensure the safety of sensitive data and is believed to be capable of bringing out hitherto unknown areas for development. These were mainly hindered by privacy concerns. It is expected that this type of platform will enable merging of datasets across several industries by eradicating the barriers that prevent corporate collaborations. This is one of the major reasons for acceptance of Enigma by Enterprise Ethereum Alliance and Decentralized Identity Foundation.

Apart from this new entrance, EEA boasts of notable members like Intel, Accenture, J.P. Morgan, Santander, BP, Bancor, CME Group and many others. The objective is to “evolve Ethereum into an enterprise-grade technology”. Enigma plans to launch Catalyst, its first protocol along with its mainnet in Q3 of this year. The format will be compatible Ethereum such as to make it accessible to all the members of EEA. The Digital Identity Foundation, on the other hand, focuses on keeping one’s data and proof of identity private. As explained in the blog of Enigma, “Enigma enables individuals to share claims without over-sharing sensitive data, i.e. proving you are over 21 without revealing your birthday.”

A Little about Enterprise Ethereum Alliance (EEA)

Enterprise Ethereum Alliance (EEA) is a not-for-profit and is supported by the industry to basically develop and promote Ethereum based technology open-source reference architectures. This way Ethereum is evolving as an enterprise-grade technology whose main areas of interest are scalability, security, privacy, and confidentiality.

Price Analysis

After the scare of the first quarter in 2018, it seems Ethereum (ETH) is back on its feet. Currently, according to coinmarketcap.com the price of Ethereum is $639.60 USD (3.88%) approximately. (As of 23rd April 2018). As the second quarter progresses, it is expected that the price will increase and will soon break the $648 mark. Currently, it seems that the charts are depicting a bullish trendline. This may be the result of the new partnerships of Ethereum and the efforts of EEA.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of ali asaria via Flickr

Blogs

How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve, unlock their full potential, and improve trading performance.  Cryptocurrency trading can…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip

As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies like Bitcoin and Dash, to help protect their assets and hard-earned…

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