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Bitcoin Cash Developers Launch Beta Bchd Client Written in Golang

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bitcoin Cash Developers Launch Beta Bchd Client Written in Golang
Bitcoin cash developers launch beta bchd client written in golang

On Nov. 18, a few days after the bitcoin Cash (BCH) fork, Openbazaar developer Chris Pacia announced the launch of Bchd, a full node implementation of the BCH chain written in Golang. Pacia and contributors have detailed that it’s been over two months since the Bchd client was forked from Btcd reference code and so far the new library has seen a “large amount of development.”

Also Read: Another ‘Satoshi Message’ Attempts to Sway Public Opinion, But Fails

The bitcoin Cash Bchd Library  

Bitcoin cash developers launch beta version of bchd client written in golangThe bitcoin Cash community has been introduced to a full node client written in the Golang (Go) programming language called Bchd. The new Golang implementation was originally built by Chris Pacia, the developer of the peer-to-peer marketplace Openbazaar. However, nine other developers stepped up and helped the programmer finish the beta release. Bchd is a fork of the Btcd protocol library and the client’s contributors have explained they waited until after the Nov. 15 fork to release the beta version. Even so, the developers ran the Bchd client throughout the upgrade and detailed that the implementation “operated incredibly smooth right through the fork.”

“We’ve implemented all four of the bitcoin Cash hard forks and removed a major soft fork (Segwit) from the codebase — This release contains a number of features and improvements over Btcd including a UTXO memory cache, prune mode, and BIP159 Node_Network_Limited to allow pruned nodes to offer blockchain services to the network,” explained the Bchd beta launch announcement.

There are a bunch of benefits to the Bchd client as it can be pruned and still service Simplified Payment Verification (SPV) clients. In fact, Bchd is the only library that supports BIP157/158 NODE_CF, which maintains a compact filter index for SPV clients. “This allows developers to build a new type of P2P SPV wallet that uses client-side filtering to provide SPV users with unmatched privacy,” detailed the Bchd development team.

The Bchd developers continued:

To that end we’ve also ported the Neutrino wallet backend to BCH so we actually have an SPV wallet that makes use of this functionality — At present it’s the most private SPV codebase on the market — There really isn’t a close second in terms of privacy.

The Bchd Package Contains Three Interconnected Protocols

Bitcoin cash developers launch beta version of bchd client written in golangThe news also follows another Golang BCH implementation written by the creators of the Counterparty.cash protocol. The Gocoin-cash protocol is a port of the BTC software originally written by Piotr Narewski. Further, another developer recently announced a BCH library written in the programming language Rust on Nov. 5. The bitcoin Cash network now has a wide variety of full node client implementations in various programming languages.

The Bchd beta version package consists three pieces of software: Bchd, the Bchd wallet, and Bchctl. The Bchd implementation does not have a native wallet like traditional C++ implementations do. Meanwhile, Bchctl is a command line interface so users can control the Bchd node and wallet. In addition to this, the binaries are available in many options including Solaris, Plan 9, and BSD operating systems. “Please keep in mind this is beta software and probably not ready for production usage, though it is in pretty good shape right now,” the Bchd development team concluded.

What do you think about the Bchd client for the bitcoin Cash network? Let us know what you think about this subject in the comments section below.

Images via Pixabay, Bchd, Shutterstock, and the Gopher Golang logo. 

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University Student Involvement Supports Australia’s Booming Blockchain Community

University Student Involvement Supports Australia’s Booming Blockchain Community

The blockchain industry is booming in Australia recently after the Australian Tax Office (ATO) announced changes to tax laws in the 2017–2018 budget summary by the Australian government, surrounding how digital currencies are treated in the country. In the few weeks since the announcement, active blockchain communities and events such as RegHack DownUnder have launched across the country, supported by universities and government regulators.

Australia has traditionally held strict tax laws when it comes to how they handle bitcoin and other digital currencies, defining bitcoin as a separate asset class to fiat currency and requiring that transactions involving digital currencies are taxed twice by the Australian Tax Office. The new budget summary removes any general sales tax made more than once in the supply chain using digital currency, in an attempt to “make it easier for new innovative digital currency businesses to operate in Australia” and to grow their nascent community into a global innovation hub.

The summary states, “The Government is committed to establishing Australia as a leading global financial technology (FinTech) hub and is announcing a new package that aims to position our local fintech industry as a world leader.”

This new regulatory environment has spurred growth in the community, from university campuses all the way up to the government regulators. Students have begun to launch clubs at universities across the country, and regulators and business executives have begun to take notice.

“We’re excited blockchain [technology] can finally move to our campus and Australia in a big way. There’s been a significant increase in interest from the community in the past few weeks,“ said Ryan Pousson, the regional head of the Blockchain Education Network (BEN) in Brisbane and the founder of the UQ Blockchain Club, in a statement to bitcoin Magazine. This perspective was echoed by Jared Piper, a region head of the Blockchain Education Network in Melbourne.

Aaron Schwartz, the director of global engagement at BEN and partner at MLG Capital, told bitcoin Magazine, “It’s super exciting to be part of a decentralized organization like BEN that is doing something unique with a swarm-style model. We are quickly spreading to countries all across the world with new chapters opening up across Australia, Colombia, Nigeria and Bangalore, just to name a few. We encourage anyone in a blockchain community around the world to reach out to get started growing their local community.”

On the weekend of May 12–14, government representatives in the energy sector and banking executives in the financial services industry came together to judge RegHack DownUnder. The brightest developers, UI/UX designers and entrepreneurs across Australia were encouraged to spend the weekend in Melbourne to develop blockchain technology solutions to solve some of the problems it faces in these two heavily regulated sectors.

In advance of the hackathon, Adam Lemmon, a blockchain expert from Toronto, flew down to Melbourne to present an overview of Ethereum development and Solidity to the community. Following the event, Lemmon said, “RegHack was an amazing experience and it was inspiring to see such a young blockchain community so excited about the technology.”

Chami Akmeemana, the organizer of RegHack DownUnder, predicts a fast growth in the community. He said to bitcoin Magazine following the event: “It was a mammoth success. Close to 100 participants spent three days exploring tech solutions to regulatory issues. We now have 100+ blockchain enthusiasts, that I expect [will grow] to over 1000+ by the end of the year. I’m hoping to see some world-class blockchain applications coming out of Australia and I’m stoked to be part of this boost to the ecosystem.”

The regulators in Australia are on board too with this digital transformation. Igor Simunovic, a representative from the Australian Transaction Reports and Analysis Centre (AUSTRAC), said in a statement following the event that “the event provided opportunity for industry (including government) and freelancers/students/developers to meet, integrate and share through the problem solving required to address the Hackathon ‘problems.’ Such meeting and teamwork opportunities are rare and often bound by the [confines] of conferences or meet-ups. The process of discovering new technologies and frameworks was just a bonus.”

It is still the beginning in the growth trajectory of the blockchain community in Australia, but it is an exciting time to be part of a global movement. For example, in the few months following November’s RegHack TO, the first hackathon hosted by a securities regulator in Canada and inspired by Chami Akmeemana, the number of people attending meetups in Toronto has tripled from 200 to over 700 at the most recent blockchain meetup in Toronto. Getting the entire community on board from universities to business executives to government regulators is an important milestone for any community striving to become a blockchain hub.

The post University Student Involvement Supports Australia’s Booming Blockchain Community appeared first on Bitcoin Magazine.