December 3, 2018

Building the free web – New York edition

Building the free web – New York edition
Building the free web. New York City edition. (right in-between Ethereal Summit and Consensus 2019) A technical exploration of a decentralised world. Previous editions included showcases from projects like Mainframe, Nucypher, Solana, The Graph, Chromapolis, Quarkchain, Tomochain, Dfinity, Hedera Hashgraph, Dusk Network, Avalanche Labs, Matic Network & more. The web as we know it has proven to be reminiscent of Pandora's Box. An unprecedented experiment of human faith with outcomes we had yet to discover. The discussions on privacy, security, trust, personal data and governance are becoming fiercer by the day. The loudest critics believe the foundations of the internet were flawed to begin with. But things are changing. Cryptographers, protocol designers and distributed systems engineers have been doing R&D for decades on how computer science could liberate our world, the web and financial systems. With the inception of bitcoin and Ethereum a larger part of the world is witnessing the first steps into a decentralised world. What are the next steps? Which teams are working on the cutting edge of cryptography and are solving unprecedented challenges in the field of cryptography, consensus mechanisms, protocol design, scalability, security and on-chain governance? During this event we will witness technical showcases from CTO's or technical leads from several different projects. After each showcase there is room for a Q&A. There will be enough time for socializing and one on ones with the projects. And yes, there is plenty of food available. Attending projects will be announced in the upcoming weeks. —————————————————————————————————— Program: 1300 – 1330 Walk in1330 – 1400 Showcase #11400 – 1430 Showcase #21430 – 1500 Showcase #31500 – 1515 BREAK1515 – 1545 Showcase #41545 – 1615 Showcase #51615 – 1645 Showcase #61700 – 1800 Socialising The technical threshold to enjoy this event will be high. We encourage IT & blockchain developers, distributed systems engineers, cryptographers, security experts, protocol designers, peer to peer developers and tech savvy enthusiasts to join this event. Until May 12th in New York City, The Innovation Department For an impression of the atmosphere and lineup of previous 'Building the free web' events: https://twitter.com/faridrached/status/1061937644341551104?s=21
starting on 2019-05-12 13:00:00

Address:
New York City
360 West 122nd Street
10027 New York
United States

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Prepare for a new Bitcoin Fork in 2017.

After the hard fork in the beginning of august, a new cryptocurrency appeared out of nowhere. As you may already know, we are talking about BitcoinCash. If you felt contraried by the hard fork take a seat, as it seems that a new fork will happen this year.

The Segwit2x working group has announced their plans after the upcoming bitcoin Core client 0.15.0 will automatically disconnect nodes supporting the SegWit2x fork.

Extract from the original announcement.

The November 2017 upgrade to 2MB blocks is a hard-fork, but necessary changes are trivial to perform. Some SPV clients are expected to work without any change at all. Most clients will need to tweak only two constants to remain compatible with the new larger blocks.

The main stake of Segwit2x controversial plan is to enlarge the transaction capacity of bitcoin.

What could this mean for bitcoin and how could affect it?

This new fork will create a new bitcoin Blockchain version as well, but the question is wheater it will get support from miners or not. This is one of the most important aspects, without which it’s impossible to thrive. Because of necessity, Segwit2x supporters are keen on splitting the chain once again.

The first signs could be seen in late October but in November, the prices may really become more volatile than ever.
A major impact for the main bitcoin, in the long run, is hard to predict.

In may on New York, after the agreement was signed, SegWit2x group got support from more than 50 companies around the world and more or less 83% of the hashing power. Taking this into consideration, you may think that Segwit2x plan will go smooth but if the mining gets unprofitable, miners could easily change minds and go back to mine the main bitcoin or even bitcoin Cash.

Important to remember is that the signatories of the New York Agreement, are under no obligation to mine exclusively the “2xchain”. This means that Segwit2x will let bitcoin miners choose to run the new software and the keyword here is “profitability”.