Bitcoin Magazine’s Week in Review: Startups Are Making Progress


Golem has lumbered in from the wilderness now with its to start with beta release, the Brass Golem, bringing the idea of Airbnb for computer systems to existence on Ethereum. Also in Ethereum news, Ether Cash seeks to be a steadying and calming drive in the Ethereum engineering and ICO space.

Samsung has now confirmed that it is production ASIC chips for Halong Mining, while the ASIC-resistant hashing algorithm that is aspect of Ravencoin has peeked its head previously mentioned the clouds with a new white paper and in depth roadmap.

In regulatory news, the EU has formally launched blockchain initiatives with 22 member countries joined in cooperation to acquire education and learning and regulation for the industry.

Featured tales by Amy Castor, Colin Harper, Nick Marinoff and Justin O’Connell

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Golem, the “Airbnb for Computer systems,” Launches on Ethereum Mainnet in Beta

On November 11, 2016, Golem raised 820,000 ether — worthy of $8 million at the time — in 29 minutes. Golem was one particular of Ethereum’s earliest ICOs, and this week their beta, known as Brass Golem, went dwell on the Ethereum mainnet.

Originally marketed as an “Airbnb for computer systems,” the Golem plan is to create a world-wide industry for your idle computing electrical power. You can hire out your unused computing electrical power and be paid out for it in cryptocurrency. Ultimately, the target for Golem is to make just about something that demands major laptop or computer lifting, such as CGI rendering, scientific calculation, machine learning and extra — the two economical and obtainable.

Samsung Is Making ASIC Chips for Halong Mining

It is now confirmed that Samsung has been creating higher-ability memory chips for GPUs for yrs. The corporation has now confirmed that it is providing ASIC chips to mine bitcoin, ether and assorted cryptocurrencies for hardware manufacturer Halong Mining. Its partnership with Halong is predicted to convey major levels of competition to the ASIC industry, mainly to China’s Bitmain, which, up to this issue, has mostly dominated the chip-growth arena.

Cryptocurrency Project Ravencoin Will get Back again to P2P Asset Transfer Fundamentals

Formally launched at the beginning of 2018, Ravencoin (RVN) has a stated goal “to carry out a use-circumstance-particular blockchain, created to efficiently take care of one particular particular perform: the transfer of assets from one particular occasion to yet another.”

In accordance to founder Tron Black, RVN bears various resemblances to Bitcoin, with lots of of its positive aspects currently being extended to assets. In the long term, he claims Ravencoin will also bear functions very similar to Ethereum’s ERC20 and ERC721 contracts. The company’s road map displays that they are on Stage 2 of 6, but no dates are involved with deliverables.

Getting Ether Community: An Interview with Ether Cash CEO Michael Conn

Ether Cash is positioning by itself to be the to start with Ethereum-targeted publicly traded corporation. Owning already raised $45 million through a private placement, the Toronto-based mostly agency is now shut to finalizing the reverse takeover (RTO) of a Vancouver shell corporation by mid-April.

“We want to create accretive value by constructing a genuine enterprise, alternatively than acting as a undertaking funds agency that tends to make 10–15 investments and is delighted if two or 3 respect in value,” claimed CEO Michael Conn in an interview with Bitcoin Journal. “We are actually looking to be a significant choice to the two ICOs and undertaking funds. We are not precluding ourselves from collaborating with VCs or private investors in any of our investments, but finally [we] need to have to see how a enterprise suits in to our broader vision of interoperability.”

22 European Nations Occur Jointly with Blockchain Partnership

The European Union has been lively this year in discovering blockchain engineering and examining potential regulation and advancement. On April 10, 2018, 22 European countries joined forces to cooperate on blockchain regulation and education and learning. The European Blockchain Partnership “will be a automobile for cooperation amongst Member States to trade encounter and knowledge in technical and regulatory fields and put together for the launch of EU-wide blockchain programs across the Digital One Market place for the benefit of the community and private sectors,” states the European Fee push release.


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