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

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Amazon Web Services
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The launch of AWS Blockchain Templates for Hyperledger Fabric and Ethereum 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.

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The Crypto Space Once Again Divided Over Bitcoin SV

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Bitcoin SV
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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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Ripple
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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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Bitcoin, Litecoin, Ethereum, and Ripple On the Rise

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Bitcoin
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The recent development in the cryptocurrency industry is a rise in price for many of the core digital coins. We believe that the unexpected price hike is due to the renewed interest of the key players in the industry. Many investors, speculators, and traders are rushing into the number one cryptocurrency; Bitcoin like never before. Other altcoins such as Ethereum, Ripple, and Litecoin are not dormant either. The effect of the influx is the soaring prices of the digital coins within seven days.

The price of the crypto leading giant-Bitcoin has increased at 25.74 percent in one week. Ethereum also gained 18.76 percent increase in its price. Litecoin and Ripple also recorded some percentage increase in the tune of 53.20 percent and 16.12 percent respectively. It is no just these few popular coins that have gained in one week. From what we have gathered, 94 digital coins amongst the leading 100 cryptocurrencies are also experiencing the rise in price. This information is according to what TradingView published in April 2019.

According to them also, other cryptocurrencies gained in value while others declined. From their calculations, six digital currencies advanced while ninety-four was on the decline. Also, another information shows that the increase in Bitcoin price has reduced the value of other assets such as bonds and stocks.

The possible reason for the rally

Many people are wondering…

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