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Omise CEO calls acquisition report false; The Block’s Mike Dudas hits back at public denial

Omise ceo calls acquisition report false; the block’s mike dudas hits back at public denial

Omise CEO calls acquisition report false; The Block’s Mike Dudas hits back at public denial

Jun Hasegawa, the CEO and Founder of Omise, the payment gateway for South Asian markets denied reports that his company was acquired by Thailand’s Charoen Pokphand Group [CP Group].

A report by The Block stated that CP Group, the largest private company in Thailand, had completed its acquisition of Omise for $150 million, citing “several sources.” The report further added that no representatives from Omise responded to The Block’s request for comments.

Hours after the report was published however, Hasegawa responded to the article, referring to the report as “Fake” in a now-deleted tweet. The deleted tweet was in reply to Eva Beylin, a former member of the Strategy & Research team at OmiseGo and currently, a Fellow with Ethereum, who questioned the findings of the report. Interestingly, Beylin’s tweet has also been deleted.

Redditors managed to capture both the aforementioned deleted tweets. Given below is a screenshot of the same,

Omise ceo calls acquisition report false; the block’s mike dudas hits back at public denial

Source: Reddit

The Omise CEO calmed the tensions of bewildered community members in a later tweet, where he referred to the report as “false,” and stated “necessary actions” will be taken.

His tweet read,

Omise ceo calls acquisition report false; the block’s mike dudas hits back at public denial

Source: Twitter

Mike Dudas, the CEO of The Block responded to Hasegawa’s claim of the report being “fake” and “false.” He questioned the Omise CEO’s assertion and stated that the report was “well sourced.”

Matt Kaye, the Managing Partner at Block Head Capital, also questioned Dudas. Dudas responded, saying that there were “folks inside and outside the company” who confirmed the details of the acquisition.

His response read,

Omise ceo calls acquisition report false; the block’s mike dudas hits back at public denial

Source: Twitter

Kaye later confirmed that the deal was legitimate, citing a “source connected to CP Group.”

Omise ceo calls acquisition report false; the block’s mike dudas hits back at public denial

Source: Twitter

All this has resulted in the price of OmiseGo, going through a roller coaster ride. The coin surged by 13.96 percent in a matter of 12 hours to reach $2.04, its highest point in over five months. Since the CEO denied the acquisition claims, the coin’s price dropped to $1.85. At press time, the coin was trading at $1.92.

The post Omise CEO calls acquisition report false; The Block’s Mike Dudas hits back at public denial appeared first on AMBCrypto.

Published at Sun, 31 Mar 2019 16:39:30 +0000

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Introducing a Programming Language so Simple, It “Fits on a T-shirt”

http://plas2017.cse.buffalo.edu/

Blockstream is introducing Simplicity, a new programming language for blockchain-based smart contracts, intended for inclusion in Blockstream’s sidechains and eventually in bitcoin. The new language was presented by its creator, Russell O’Connor, Infrastructure Tech Developer at Blockstream, at the ACM SIGSAC Workshop on Programming Languages and Analysis for Security (PLAS 2017).

“Simplicity is a blockchain programming language that is so simple, it fits on a t-shirt,” O’Connor told bitcoin Magazine. “It is critical that smart contracts behave in ways that all participants expect, and applying formal verification to Simplicity allows us to achieve that.”

Simplicity is still a Blockstream Research & Development project, but there’s potential for its use in Blockstream products in the future, according to the company’s announcement.

“Simplicity is flexible enough that I anticipate many new, domain-specific, languages will generate Simplicity, and this will give users the freedom to generate smart contracts using the tools that most suit their needs,” added O’Connor.

O’Connor’s paper, titled “Simplicity: A New Language for Blockchains,” presents Simplicity as “a new programming language, designed to be used for cryptocurrencies and blockchain applications, which aims to improve upon existing cryptocurrency languages, such as bitcoin Script and Ethereum’s EVM [virtual machine], while avoiding some of the problems they face.”

bitcoin script is limited by design and unsuitable for complex smart contracts that need more than a small set of simple templates to perform tasks like digital signature verification. Ethereum, on the other hand, includes a more expressive and flexible, Turing-complete programming language, which allows for arbitrarily complex smart-contracts in principle.

But, in practice, Ethereum doesn’t support static analysis to pre-determine the computing resources that a program will require and, thus, filter out too costly contracts and infinite loops. Therefore, pre-paid “gas” fees are lost when an Ethereum program “runs out of gas.” The simpler bitcoin scripting, which supports static analysis, doesn’t present similar issues.

In a post to the bitcoin-dev mailing list, O’Connor proposed Simplicity as an alternative to bitcoin Script, noting that static analysis is important for both node operators and for Simplicity program designers.

“Static analysis is a technique that provides a universal algorithm to determine how much any Simplicity program will cost to run before you stake your money on it,” O’Connor told bitcoin Magazine.

Simplicity can be seen as a more flexible alternative to bitcoin scripting, not Turing-complete but expressive enough to build useful smart contracts for blockchain applications, or as an alternative to Ethereum, which will support static analysis and other desirable features including improved safety, formal semantics, and Merkelized Abstract Syntax Trees (MASTs).

While Simplicity is intended as a low-level language for smart contracts, O’Connor envisages the possibility of compiling programs written in higher-level languages (like Ethereum’s Solidity) to Simplicity.

“Ivy and the Σ-State Authentication Language are existing programming language development efforts that may be suitable for being compiled to Simplicity,” notes O’Connor in the paper. “For the time being, generating Simplicity with our [Haskell] and [Coq] libraries is possible.”

The next step in Simplicity’s development will be a bare-bones SDK (Software Developer Kit) that will include formal semantics and correctness proofs in Coq, a Haskell implementation for constructing Simplicity programs and a C interpreter for Simplicity. Then, the new language will be ready for initial deployment in the Elements project, Blockstream’s open-source codebase for sidechains, so that developers can start experimenting with the code.

But, as O’Connor stated on bitcoin-dev, “Only after extensive vetting would it be suitable to consider Simplicity for inclusion in bitcoin.”

The post Introducing a Programming Language so Simple, It “Fits on a T-shirt” appeared first on Bitcoin Magazine.

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