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Chaincode’s Residency Program Is Back, This Time With Lightning App Classes

Chaincode’s residency program is back, this time with lightning app classes

Chaincode’s Residency Program Is Back, This Time With Lightning App Classes

Chaincode’s residency program is back, this time with lightning app classes

The Lightning Network, the second-layer solution designed to make quick, cheap and easy bitcoin payments, is maturing. But widespread adoption, still a long way off, will require plenty more participants. An ecosystem of new apps is one way to get there.

“Lightning is a promising technology, but right now, very few people are fluent with it,” Chaincode Labs engineer James O’Beirne told bitcoin Magazine.

To that end, O’Beirne and fellow Chaincode Labs and Bitcoin Core developers John Newbery and Marco Falke are organizing a Lightning applications development course — a “bitcoin Residency” program — to encourage more developers to build on the network. The weeklong class, designed for a dozen students, kicks off on October 22, 2018, in the Flatiron district of New York City near the Chaincode Labs office.

“We would like to familiarize more engineers with how Lightning works and see more Lightning applications,” O’Beirne said. “And we would like to get a better understanding for what Lightning is capable of doing.”  

This is the third bitcoin residency program Chaincode has hosted; the first two in 2016 in early 2018 were focused on the bitcoin protocol and contributing to bitcoin Core. As with previous Chaincode residencies, students will learn from a handful of experienced mentors. The Lightning residency is slightly different in that it is project-based, however. Students will spend the week building their own Lightning-based apps and then demo their projects on the final day of class.

The week’s mentors will include Chris Stewart, founder at Lightning-based data service SuredBits; Christian Decker, Blockstream engineer and maintainer of the c-lightning Lightning implementation; Elaine Ou, a blockchain engineer who has implemented LightningBuddy, a library that can be used to talk to a lightning node from a Twitter account, and Jellybean, a vending machine application built on top of Lightning; Jack Mallers, lead developer of Lightning-based crypto wallet zap; Justin Camarena, engineer at Bitrefill, a payment processor that accepts Lightning payments; and lightningk0ala, the pseudonymous creator of the wildly popular satoshis.place, a multiplayer online game. All of the talks will be video recorded and made available to the public.

Knowledge of the bitcoin protocol is not a prerequisite for the class, O’Beirne stressed. In practice, Lightning apps can be built in any programming language and then plugged into the network using an API provided by one of the Lightning implementations (lnd, c-lightning or eclair). Students should also enter into the program with some idea of the Lightning app they want to build.

Most importantly, he said, applicants should be experienced in delivering high-quality web applications and have an interest in learning. “We encourage anyone familiar with web technologies who thinks they can put together the minimum viable parts of an application in a week to apply,” O’Beirne said.  

O’Beirne anticipates an “intense” week: “We’ll be catering lunch, and I’m sure we will put together some extracurricular events.” As for the apps the students are building, he hopes the students will continue their work long after the class ends. “Hopefully these won’t be just one-off projects, but the start of a few really exciting new projects even past the residency,” he said.

Chaincode is offering a stipend for travel and lodging. Applicants should apply here.

Published at Mon, 20 Aug 2018 13:40:30 +0000

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Decentralized News Platform Snip to Launch ICO

Snip, the first completely decentralized news platform, will be launching its ICO on September 29, 2017, at 11 PM UTC. This follows an extremely successful pre-sale in which they managed to raise nearly $4 million.


The Future of News on the Blockchain

News is dead. That is the first sentence of Snip’s whitepaper and it has never been truer than in today’s climate of “fake news” and information overload. A handful of corporations get to decide what is deemed “newsworthy” and readers are left to sift through clickbait, biased news articles, and endless ads.

Snip aims to change all of that.

Already in operation, Snip’s innovative blockchain-based news platform is unbiased and uncensored. Completely decentralized, Snip gives readers the ability to create customized, easy to digest newsfeeds about the topics that matter most to them. Furthermore, it is the individual reader, not Snip, who determines what is a legitimate news item and what is not, through the use of filters that allow the reader to ignore specific words or sources of content.

Contributors benefit from Snip as well and are rewarded with SnipCoins (SNP) based on the popularity of their posts and comments.

The Future of News on the Blockchain

Notable Partnerships

In recent days, Snip has announced the formation of several partnerships that will enable it to serve its readers, contributors, and advertisers better than ever before. Among those notable partnerships are:

  • Bancor – an Ethereum-based platform for decentralized exchange of ERC20 tokens
  • Goodwin Procter LLP – a top US-based law firm with expertise in blockchain and digital currencies
  • Wings – a decentralized platform for price discovery and forecasting
  • AdEx – an innovative blockchain-based ad exchange

Further partnerships are expected to develop as Snip grows in popularity.

Countdown to the Snip ICO

Countdown to the Snip ICO

The Snip crowdsale is scheduled to begin on September 29, 2017, at 11 PM UTC. Participants will be able to purchase SnipCoins (SNP) at the current exchange rate of 1 ETH = 78,500 SNP. The hard cap of the crowdsale is $8 million. Once that cap is reached, the crowdsale will end. Prospective investors should note that half of that hard cap has already been reached in the form of a pre-sale that was held last month.

A total of 10 billion SnipCoins (SNP) will be minted, of which 80% will be reserved for contributors and the Snip community. The initial token distribution will be as follows:

  • 28% will be available for purchase in the Snip crowdsale.
  • 30% will be sold in a future token sale and locked for a period of 3 years.
  • 21% will be reserved for the initial pool of contributor rewards.
  • 5% is designated for the Snip company for internal use and for its advisors and partner companies. Snip employees and founders will not hold tokens prior to the sale and will not be rewarded with tokens in the first 6 months after the sale.
  • 5% will be designated for bounties.

For more information about the Snip ICO please visit the official website and download the project whitepaper.

What do you think of Snip’s decentralized news platform? How will it impact the current news industry? Let us know in the comments below.


Images courtesy of Snip, Pixabay

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