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Intel's Hyperledger Blockchain Sawtooth Is Ready for Business

Intel's hyperledger blockchain sawtooth is ready for business

Intel's Hyperledger Blockchain Sawtooth Is Ready for Business

Intel's hyperledger blockchain sawtooth is ready for business

Long considered one of the most promising code bases hosted by the Hyperledger blockchain consortium, Intel’s Sawtooth software is officially ready for enterprise use.

Revealed today, version 1.0 of the technology provides what might be expected, features inspired by bitcoin and other public blockchains, but repositioned for enterprise. Yet, what its team of 50 contributors (from startups Bitwise and R3, to corporates Red Hat and Capital One) hope will distinguish the solution is its modular functionality, designed to give enterprises across industries a head-start on meeting consumer and regulatory demands.

Among the early companies already using Hyperledger Sawtooth are telecommunications giants Huawei and T-Mobile, who are building a decompiler for the software, and e-commerce giant Amazon, which now lists Sawtooth among its blockchain partners.

Indeed, Intel venture technical lead and Hyperledger Sawtooth maintainer Dan Middleton positioned the software as a way for enterprises with demands that exceed the capabilities of available public blockchains to capitalize on its benefits.

Middleton told CoinDesk:

“We feel that if companies really want to adopt blockchain, or a distributed ledger, then we shouldn’t forgo the basic blockchain properties in taking something from a public chain to enterprise usage.”

Stepping back, Hyperledger Sawtooth is the second open-source blockchain platform to emerge with an enterprise-ready 1.0 version, following closely on Hyperledger Fabric, which was contributed by IBM and launched last year.

From a development perspective, the launch of 1.0 software solutions is an important step to any codebase, as it signifies that the maintainers are committed to the core features, giving coders a sense of confidence that anything they build won’t break as a result of future upgrades.

“For us, it’s a big event, both for the Sawtooth team because of stability milestone. But for Hyperledger, it’s evidence of a growing community of developers working on blockchain,” said Kelly Olson, another Sawtooth maintainer and member of the Hyperledger consortium’s technical steering committee.

A familiar touch

But beyond the potential importance to developers, there’s another key differentiator highlighted by the Sawtooth team in the launch: the innovative method by which computing networks running the software will be able to forge consensus on mission-critical events.

Specifically, Sawtooth marks the business debut of a consensus mechanism called PoET — or proof of elapsed time — a variation on an older system called Byzantine Fault Tolerance that lets users reach consensus, even in an environment where counterparties don’t know each other.

By comparison, other permissioned blockchains require that users know and trust each other. In this way, the blockchain platform is designed to resist denial-of-service attacks that become more likely in a more public blockchain, or one in which unknown parties might interact.

Still, compatibility is also being sought with other blockchains of this nature. Notably in the final version is support for the Solidity smart contract language, pioneered by the ethereum blockchain.

Smart contracts can also be written in Go, JavaScript, Python and more.

“The maintaners aren’t promoting an unpermissioned version of Sawtooth,” said Olson. “But we’re trying to make the resiliency still available.”

Hardware integration

In addition to certain public blockchain features, Hyperledger Sawtooth has become known for the ease with which it can be integrated with hardware security solutions.

And central to Sawtooth’s PoET consensus mechanism in a streamlined ability to integrate with hardware security solutions called “trusted execution environment,” among which Intel’s newly launched scalable Xeon processor.

The potential hardware integration was originally seen as a controversial solution because it places the security considerations of a decentralized ledger behind the protection of potentially fallible hardware. But the Sawtooth maintainers emphasized this is part of a balancing act between leveraging the strengths of public blockchains with transaction volume and security demands of enterprise companies.

Further, they clarified that while a single company may provide the hardware that creates these trusted execution environments, Sawtooth hasn’t restricted that company to Intel.

Olson concluded:

“Sawtooth is a hardware-agnostic platform. There is no dependence of Intel hardware.”

Intel chip image via Shutterstock

The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at news@coindesk.com.

Published at Tue, 30 Jan 2018 13:00:43 +0000

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VIABET to Support Bitcoin Cash and Ethereum Classic

This week the Blockchain-powered platform VIABET has announced players will be able to utilize BCH and ETC on their soon to be released casino and peer-to-peer sports betting site.  VIABET acts as the technological launching pad that allows regular players as well as gaming companies to create and launch their own casino games. Similar to the way Ethereum created a world running on DApps. VIABET aims to create a transparent and incentivized platform which proves itself to the world by remapping the online gambling industry.

The company announced adding the currencies on November 9th via Twitter stating;

“In our latest update, VIABET will be offering bitcoin Cash (BCH) and Ethereum Classic (ETC) deposit and withdrawal options for our online sports betting and casino customers.”

Why bitcoin Cash?

bitcoin Cash, with its on-chain scaling and lower transaction fees, holds particular appeal for the sector that’s historically been the target of misguided government policies that aim to protect state-owned gambling monopolies and restrict the individual’s freedom to decide how to spend their entertainment dollars.

Either way, this looks like a solid business move on behalf of VIABET. According to Coinmarketcap.com, at the time of writing, bitcoin Cash is trading heavily and is up 30.88%, currently in a bull market after slumping the last few weeks. VIABET becomes one of the first online gambling operators to offer bitcoin Cash (BCH) deposit and withdrawal options to its online sports betting and casino customers.

VIABET Pre-ICO to Begin This November

VIABET will be offering 49 million VIA tokens in total. The Pre-ICO is set to begin on November 14, 2017 (10:00 AM PDT) and end on November 21, 2017 (10:00 AM PDT), finally giving its supporters a chance to get in on the profit that VIABET’s future growth will generate.

However, only 9.8 million VIA Tokens will be sold during the Pre-Sale. As the Pre-Sale is capped at only 7000 ETH, it is predicted to sell out and close its doors to new investors long before its November 21 deadline is hit. In addition, VIABET has early bird discounts in place to incentivize investor participation, a 40% bonus for early pre-sale investors is up for grabs.

Learn more about VIABET — https://viabet.io
Whitepaper – https://viabet.io/viabetio_whitepaper_v1.pdf
Join the community — Telegram, Twitter, Facebook, Medium

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