Devcon 5: Building a decentralized revolution at scale ...
Devcon 1: Ethereum’s Woodstock Moment - CoinDesk
Consensys on Ethereum
ConsenSys is the leading Ethereum software company. We enable developers, enterprises, and people worldwide to build next-generation applications, launch modern financial infrastructure, and access the decentralized web. Our product suite, composed of Infura, Quorum, Codefi, MetaMask, and Diligence, serves millions of users, supports billions of blockchain-based queries for our clients, and has handled billions of dollars in digital assets.
In case anyone was wondering how exactly Ether will be used on the Ethereum platform: lets peek under the covers...in order to power the decentralised web, Ethereum cannot possibly rely on any centralised authority (because that authority could manipulate the database). Instead, every node that participates on the network holds a copy of a decentralised database, which they audit. The network nodes process the code that is being executed in the database and come into agreement as to what the correct state of the database is through a vote. Majority always win the vote, and nodes are incentivised to do this verification work. Voting takes place at regular particular intervals, on average every 12.7 seconds. Contracts are triggered and executed when users or other contracts call them. If you were thinking that this necessary approach presents limits in terms of processing speed, you’d be correct. The total processing power of the Ethereum network, regardless of the number of nodes that forms it, is equal to a single smartphone from 1999. This means that you’re not going to want to store megabytes of data on the Ethereum network, or render 3d graphics. There are of course workarounds to this, including our upcoming storage solution called Swarm and our secure messaging protocol, Whisper, both companion technologies to Ethereum. It also means that because computing power is limited, it has to be measured carefully so that no single actor can commit evil deeds such as running infinite loops on all the world’s Ethereum nodes. This unit of measure is called ‘gas’. Gas comes into play when you try to make a contract do something. You ‘call’ a function of the contract, which then executes the code in that function. It could be validating an escrow, or ‘like’ a friend on a decentralised social app, or transfer an amount of contract-specific token to another user, etc. Anything. In order to execute this function, the contract will need gas, just like your car does. So, as part of the function call, you specify how much ‘gas’ you want to send to the contract, and how much you’re willing to pay for that gas (priced in ether, Ethereum’s fuel and unit of account). The different operations a contract can support are priced differently. One execution cycle cost one gas for example. Others, like writing to storage, cost considerably more (because storage is a very scarce resource). If you send too much gas to the contract, and it doesn’t use all of it, it is refunded to you. If you send too little, the contract stops and rolls back (just like your car when it’s ‘out of gas’). How gas is priced depends on the global consensus of the community. It’s therefore likely operations that have the best-priced gas will be executed first on the network, and the rest a bit later. With that said...I could see the resting price sitting at $5-10 USD in the near future. Not much higher as the only reason it could go that high is speculators holding ETH or companies like Microsoft and independent developers hording ETH for their DAPP development projects.
REMINDER: Please Reach Out If You Have Any Devcon2 Related Questions
Devcon2 is so close!!! We have been very hard at work putting together a great conference for the community! Because of this, some of the moderators have been less active on Reddit. We may have missed threads about Devcon2. If you have questions of any kind relating to Devcon2 please check out our website and fill out the contact form there. You can also email us directly at [email protected]. We will try to respond to any emails we receive within 48 hours (normally it is shorter). Protip: Get your passport/visas sorted out ASAP to avoid any last minute rushing before Devcon2 to get them sorted out. See you all in Shanghai :)
Which Presentations you would like to attend at DEVCON1 in LONDON?
Before any official release I would like to ask the community about which speakers & subjects you wish to have on the first Ethereum Developer Congress in London. Besides the main developer presentations, workshops or hackathons. Here it is my Whishlist:
Which is yours? By the way, It is written in the Devcon website that: “There are still a few speaker slots available. If you'd like to present at devcon one please email us your presentation topic and credentials”.
A fundamental White Paper by Charles Holloway that promises to shake up the Ethereum community will be published next week. The White Paper is being released, at no cost, just in time to be a major topic of discussion at the upcoming Ethereum Developer’s Conference in London, Nov 9 through 13. (https://devcon.ethereum.org/) Ethereum is a blockchain-based technology, similar to Bitcoin, that enables individuals, businesses and even entire industries to be decentralized, net-distributed, and completely privately operated. The Ethereum Development community’s (ETHDEV) slogan is “How the Internet was supposed to work.” Proponents of Ethereum claim the technology is innovative, disruptive to traditional internet business models, and because activities are encrypted, not subject to political inefficiencies. There is an emerging rush to develop the technology similar to the rush to develop the World Wide Web during the mid-1990's. Many anticipate that Ethereum is the space from which the next generation of Internet billionaires will emerge. Ethereum developers are building a technology called “smart contracts,” that many anticipate will change the way Internet commerce is done. And now, according to Holloway’s upcoming paper, the additional revolutionary concept of Open Source Government, when combined with smart contract technology, amounts to nothing less than a complete redesign of human civilization. The paper’s author, Charles Holloway, is a writer and futurist who lives in Southern California. “I’m not even a coder,” Holloway says. “It’s only my interest in scientific epistemology that’s enabled me to do something so relevant to the Ethereum community, and so fundamental.” There’s nothing light-weight about Holloway’s upcoming paper. It’s reportedly about 70,000 words long, the length of a short book. “I know it seems long, but it’s impossible to impart the information necessary to understand this technology in anything less,” Holloway says. Holloway’s paper is a sweeping historical/scientific treatise that tackles some of the most vexing topics in human history with astonishing clarity, matter-of-fact thinking, and scientifically precise semantics. It is for serious scientific thinkers who realize that humanity is on the cusp of major changes, and it points the way for the unlimited positive (and financial) potential of Ethereum. Open Source Government; The Foundational Concepts will be published on Holloway’s website (chasholloway.com) and will be announced on the Ethereum forum sometime during the week of October 26, 2015. It will be free of charge to download. Everyone with a stake in the future is invited to read it and join in the “OSG” revolution. END
Devcon 5 Ethereum. photo credit: unsplash. OSAKA, Japan—Enclosed in a dark room, three developers were crowded around a table featuring a dead plant, a yellow clock and a black suitcase, while standing on a pile of crumpled bank notes. This was an immersive experience set up by Elsewhere, and a cryptocurrency called Kong, to get attendees at Devcon 5 this week “to discover for themselves ... Ethereum is a global, decentralized platform for money and new kinds of applications. On Ethereum, you can write code that controls money, and build applications accessible anywhere in the world. Growing the Ethereum Ecosystem. Devcon is an opportunity for each of us to engage with those from other teams and communities, both from Ethereum and blockchain related teams and newcomers from other industries. In past years, we’ve collaborated with UNICEF and the Internet Archive on stage, and brought the zero-knowledge community into the fold. Many people unfamiliar with the Ethereum ... DevCon 4 Will Set the Stage for Ethereum’s Next Milestone: Constantinople . by Elizabeth Binks & Aidan Hyman. September 11, 2018 . Read Next. A New Precedent: FINRA Charges Crypto Broker With Securities Fraud. Ethereum is embracing the Constantinople milestone at the end of November 2018, after DevCon4 in Prague. Constantinople is the latest Ethereum release, introduced through a hard fork ... Devcon. Since 2014, the Ethereum Foundation has organized Devcon, the annual conference for all Ethereum developers, researchers, thinkers, and makers. You can access video content of conference presentations for every year since its inception at archive.devcon.org. Learn more at devcon.org, check out the Devcon Blog, or follow @efdevcon for the latest announcements. For more on the Foundation ...
Ethereum Devcon 4 is the place to be if you want to build anything on Ethereum. With over 3000+ of the smartest minds coming back together with some songs and dances, devcon4 is what every ... Prag'da Ethereum Vakfı'nın düzenlediği global Devcon 4 etkinliğinde çektiğim vlog ve röpörtajları bu listede toparladım. Keyifli seyirler! It's Day 0 at Ethereum Developers Conference (Devcon)- the gathering of all the BUIDLers that want to push the boundaries of decentralization. I grab my camera and interview people attending the ... Devcon 4 – Ethereum's Big Sing-a-long CoinDesk. Loading... Unsubscribe from CoinDesk? ... Capping off day one of talks and deep dives into the latest ethereum technology, the cryptocurrency's ... DEVCON1 09:20am Day 3 Ethereum's Vitalik Buterin (https://twitter.com/VitalikButerin) presents on the intricacies of the Ethereum Blockchain Protocol.