1) Pandora Boxchain Creates Reputation Token for the Ethereum network
The Pandora Boxchain team have accounced they have created a reference implementation of the ERC1329 – Inalienable Reputation Token during ETHBerlin Hackathon and the first version of ERC1329 token is available on GitHub.
Co-founder of Pandora Boxchain Maxim Orlovsky said:
“Reputation token is not a replacement for usual tokens with economic value and market price. It’s an addition on top to them, that is sometimes (not always) needed to build provably-secure incentivisation system.”
Why a Reputation Token Is Important?
When building trustless decentralized P2P networks, we may need to utilize multi-stage/repeated games (in terms of game theory). In such cases, reputation becomes the measure that helps to build economic incentivization schemes for the selected economic game. The reputation works as a “glue” that ties together the actor responsibility over time, creating an ability to utilize the strengths of repeated economic games. The main property of such reputation should be inalienability.
In this case, reputation system needs some specific kind of token, that can’t be transferred between actors. Why? Because if the reputation may be transferred, it can be sold; and if it can be sold, it breaks the whole game setting and economic incentives, creating different Nash equilibrium and generally getting worse protection from malicious actors (lower Byzantine tolerance). Also, we should remember that private keys of the account can be compromised, so the owner can loose tokens but not reputation.
2) DNAtix Sets a New Record: Compresses DNA Sequences to 99 per cent of Original Size
Genetics blockchain company DNAtix has just released the next stage of its DNA compression tool which can, for the first time, compress DNA sequences by up to 99% of their original value. This tool is another step in validating DNAtix’s vision of storing and transferring full genome sequences on a dedicated blockchain.
“Developing a genetic blockchain is an extremely complicated task that requires a multidisciplinary team,” says Ofer A. Lidsky the CEO & CTO, DNAtix. “Unlike most current blockchains that are designed to provide “speed of transection” rather than “size of transection” when it comes to genetic information it is the other way around.”.
“When you are designing the genetic blockchain you must take into account not only data size, but also the sensitivity of the genetic information and regulatory considerations,” says Dr. Tal sines the CSO, DNAtix. “Enable users to store and transfer their genetic information, access it easily and get value from it. Without dealing first with the data sizes it is just not going to work.”
3) Cryptocurrency app breaks milestone-downloaded a million times
A mobile mining app from the team at Electroneum, the world’s first enablement cryptocurrency, has now been downloaded by more than one million people worldwide– a statistic which brings it to the top one percent of mobile apps in the world.
Electroneum’s app, which enables users to mine, but also transfer its digital currency, ETN, through their phones, is one of only 25,271 out of the 3.8m apps in the Google Play store to have more than one million installations.
It broke the million-download mark merely nine months after it was launched and has been downloaded by people in 200 countries across the world.
“One of the key reasons that our app is so popular is that it makes cryptocurrency accessible,” says Electroneum CEO Richard Ells. “Anyone with a smartphone can download it and start mining and transferring ETN straightaway – giving people the chance to engage with cryptocurrency quickly and simply.
4) Liquid, a new crypto platform with access to worldwide crypto exchanges is unveiled by Quoine
Liquid allows users to match trades across multiple transactions and cryptocurrencies as soon as it will launch its portal. For example, the orders of BTC/SGD, ETH/SGD and BTC/ETH can be matched together. This is expected to greatly increase the liquidity of all available cryptocurrencies on Liquid.
In subsequent stages, Liquid will offer a World Book technology that aggregates the orders and prices on various exchanges into a single highly liquid and tradable order book and allows orders to be placed in the currency of one’s choice.
A fragmented trading landscape and lack of liquidity have hampered the development of the cryptocurrency markets. Liquid will facilitate market stability, enhance liquidity and empower a new wave of digital asset traders to buy and sell tokens safely.
5) Blockchain Startup Femergy Launches Global Entrepreneurship Platform To Tackle Tech Gender Gap
Powered by Blockchain, Femergy is the world’s first reward-based entrepreneurship platform designed for women as a business network and accelerator. The Femergy platform allows for a new way to connect with other successful and aspiring female entrepreneurs, looking to launch, develop and scale a business, whilst earning rewards at the same time.
Commenting on the platforms rewards system solution and use of blockchain technology as a means of support for female entrepreneurs, Evelina Bajorune, founder and CEO of Femergy said:
“Innovation isn’t about a new product it’s about changing behavior. Femergy’s reward system is designed to trigger long-term engagement and the real power lies in its potential to enhance intrinsic motivation for community members to interact. Blockchain technology will allow transparency and trust: key to high transaction volume and utility.”
Republished with permission from the wonderful guys at www.the-blockchain.com