Construct 2017: Production Blockchains Two Years Away, Top Tech Minds Say
Private blockchains are on the cusp of leaving the laboratory and heading to the real world. At least, that's according to bold predictions from some of the Linux Foundation-led Hyperledger projects's top technical minds during the second day of CoinDesk's developer conference, Construct 2017. While today, most private blockchain and ledgers remain experimental (with some onlookers even starting to express skepticism that private blockchains will ever be rolled out), that uncertain state of affairs could be on the verge of change. During the conference, many key Hyperledger technologists –....
Related News
While DLT technologies are moving slowly toward production, an executive from blockchain consortium R3 is hinting that this might not be the defining trend for enterprises this year. In remarks yesterday at CoinDesk’s developer conference, Construct 2017, R3 associate director and former Credit Suisse blockchain architect, Clemens Wan, predicted that 2017 will be defined by DLT pilots, while 2018 will see the technology migrate to production. The comments come just months after the open-source release of its custom distributed ledger technology (DLT), Corda, became a part of the Linux....
A project aiming to scale ethereum via off-blockchain payment channels could enter production this year. Speaking at Construct 2017, CoinDesk's developer conference this week, Ameen Soleimani, a software engineer at ethereum startup ConsenSys, gave a presentation on Raiden's current status in which he described this as a 2017 goal. The Raiden network, an open-source developer effort being spearheaded by developer Heiko Hees, was first discussed as a way to bring micropayments to the platform in 2015. Soleimani said work on the protocol implementation is "largely finished", adding....
Decentralized finance (DeFi) is no doubt one of the leading offerings of the crypto market. DeFi has provided users alternatives to traditional investments that they would otherwise not be able to access and this has been one of the major factors driving the growth of the space. Currently, there are a number of blockchains on which DeFi protocols are programmed, namely; Ethereum, Solana, Cardano, Algorand, which Yieldly is built on, among others. These blockchains seem to be in an arms race to secure the most market share and lead the space. However, Yieldly’s CEO Sebastian Quinn does not....
"It's contingent upon SegWit." Lightning Labs developer Joseph Poon is talking about bitcoin's Lightning Network, the top-layer network that could potentially boost bitcoin's transaction capacity to millions of transactions per second, but the same can be said of most of the other technical improvements for the network presented at Construct 2017, CoinDesk's inaugural San Francisco developer conference. In many presentations, it seemed as if moving forward with the project, a more than $15bn economic network that sprang from only open-source code, is wholly dependent on SegWit.....
Looking back, the blockchain sector had its fair share of victories, defeats and controversies in 2016. But it appears poised for continued growth in 2017. Sure, there's still the chance of a catastrophic events (these have happened more than a few times in the industry's short lifetime), but just as likely is parabolic growth. So, how can investors prepare to spot patterns in the developing industry? First, understand the basics. I divide the industry into three categories (bitcoin, other public blockchains and consortiums, and private ledgers). That said, here are my predictions for how....