Blockchain
Hyperledger Launches Hyperledger Iroha 1.0
Hyperledger, a collaborative cross-industry effort created to advance blockchain technology, announced today the general availability of Hyperledger Iroha 1.0. Hosted by The Linux Foundation, Hyperledger Iroha is the fourth active Hyperledger project to reach 1.0, following Hyperledger Fabric, Hyperledger Sawtooth and Hyperledger Indy. Iroha is a distributed ledger project that aims to provide a development environment where C++ and mobile application developers can contribute to Hyperledger.
New Hyperledger Iroha 1.0 features include:
- YAC Consensus — a consensus protocol that ensures the safety of the ledger, even if some nodes are faulty or cannot be trusted. The protocol scales linearly in the peer network size.
- Fully Operational Multisignature — an option for transactions when your application needs multiple signatures for transaction settlement.
- Updated client libraries — support for writing applications on many different platforms from mobile to mainframe using many different programming languages such as Java (compatible with Android, Scala etc.), JS, Python, and iOS.
- Windows support (experimental) — Hyperledger Iroha now natively runs on Windows, as well as in Linux and MacOS environments.
“It’s extremely gratifying to see another one of Hyperledger’s active projects hit the 1.0 milestone,” said Brian Behlendorf, Executive Director, Hyperledger. “This is a huge testament to the strong collaboration of our growing community. I look forward to seeing development efforts around Hyperledger Iroha continue to grow and more and more productions systems powered by the framework later this year.”
Hyperledger Iroha complements other Hyperledger projects by providing an alternative design solution for mobile-oriented use cases in finance and identity management. Hyperledger Iroha has a long-term vision to simplify the implementation of blockchain business applications by providing an easy-to-use API and a universal peer model. Hyperledger Iroha has a modular architecture making it additive to existing projects using other Hyperledger technologies and provides a robust library of reusable components to enhance existing applications.
Hyperledger Iroha contributors from around the world attend meet-ups and blockchain events, collaborate with universities, and answer constant questions in chats to help people learn about and use the framework. All are invited to participate in this open community.
Hyperledger aims to create distributed ledger technology that enables organizations to build and run robust, industry-specific applications, platforms and hardware systems to support their individual business transactions. The consortium now has more than 270 members with steady growth since its inception, spanning various industries including finance, healthcare, the Internet of Things, credit card services, supply chain and aeronautics, among several others.
You can find the Hyperledger Iroha 1.0 documentation here: https://iroha.readthedocs.io/en/latest/. Follow the “Getting Started” guide to create your first Hyperledger Iroha network in 10 minutes.
Community Quotes:
“The release of Hyperledger Iroha 1.0 is a significant milestone for this vibrant community and the enterprise blockchain space,” said Makoto Takemiya, CEO, Soramitsu. “As a core contributor to the project, we are very excited to see the Hyperledger Iroha team reach this milestone and continue to build upon the diverse DLT ecosystem developing under the Hyperledger greenhouse.”
“We are very excited about the release of Hyperledger Iroha 1.0 because it offers an out-of-box solution for implementation of blockchain networks to mobile devices,” said Yasir Azeem, Head AI and Blockchain from Ikioo. “With the combination of scalability and a permissioned Blockchain, Hyperledger has built something worth commending.”
“Global business is always terrific, and we had looked for the solution that fits our requirements in terms of a solution that is 100% open-sourced, oriented to specific needs of our task: account management, and KYC and supportive in terms of community,” said Alexander Yakovlev, NSD. “Iroha’s existing adoption experience in several countries and practical case with Cambodian central bank were additional benefits.”
Additional Resources:
- Download Hyperledger Iroha 1.0 today
- Learn more about Hyperledger Iroha 1.0 and what this release means with this blog post
- Plug into the Hyperledger community at github, Chat, wiki or the mailing list
- Follow Hyperledger on Twitter, like on Facebook, follow on LinkedIn or subscribe to the YouTube channel
SOURCE Hyperledger
Blockchain
Venezuela’s Oil Giant Turns to Crypto as US Sanctions Bite Again
Venezuela’s state-controlled oil company, PDVSA, is ramping up its utilization of digital currencies in response to renewed US oil sanctions. With the Biden administration refusing to renew a license easing restrictions, PDVSA is facing increased pressure to find alternative payment methods for its crude oil and fuel exports. The move to digital currencies, particularly Tether (USDT), aims to circumvent frozen accounts resulting from US sanctions.
This strategic shift underscores Venezuela’s willingness to explore various currencies, including virtual assets, in its oil contracts. Traditionally, the oil market has operated predominantly in US dollars, but Venezuela’s adoption of digital currencies signals a departure from this norm.
Despite past corruption scandals, such as the uncovered $21 billion embezzlement involving oil export receivables, Venezuela’s oil exports have rebounded under the leadership of oil minister Pedro Tellechea. The country has reached a four-year high in oil exports, buoyed by US licenses permitting sales. To mitigate future risks from potential sanctions, PDVSA has implemented a new contract model requiring prepayment in Tether for spot oil deals.
Moreover, Venezuela is now mandating new customers to have digital wallets holding cryptocurrencies for oil transactions. This requirement reflects a broader strategic shift towards embracing digital currencies in the oil trade, indicating a willingness to adapt to evolving global financial landscapes.
However, Venezuela’s foray into digital currencies is not without challenges. The recent arrest of former Vice President Tareck El Aissami, accused of embezzling funds from oil sales using cryptocurrencies, highlights the risks associated with crypto transactions. This high-profile corruption case, dubbed the “PDVSA-crypto incident,” underscores the need for robust regulatory frameworks and measures to prevent misuse of digital assets in the oil industry.
Source: cryptonews.com
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Blockchain
Crypto miners face energy refusal, restriction in Canadian provinces
The decisions made by the Canadian provinces of Manitoba and British Columbia regarding the provision of electricity to cryptocurrency mining operations highlight the growing concerns over energy consumption and its impact on local infrastructure.
In Manitoba, the extension of the moratorium on new power connections for cryptocurrency operations until April 30, 2026, reflects the government’s recognition of the significant strain that these operations place on the province’s electrical grid. The decision aims to buy time for the development of a long-term solution to manage the increasing demand for electricity from cryptocurrency miners. This move aligns with similar actions taken by other provinces, such as New Brunswick and Hydro-Québec, to address the challenges posed by the rapid growth of cryptocurrency mining operations.
Meanwhile, British Columbia has introduced legislation to regulate electricity service to cryptocurrency miners, signaling a more proactive approach to managing energy consumption in the province. By amending the Utilities Commission Act, the BC government aims to have the authority to prohibit, restrict, or regulate the provision of electricity to energy-intensive cryptocurrency mining operations. This move underscores the government’s commitment to ensuring the availability of electricity for essential services while addressing the concerns raised by the proliferation of cryptocurrency mining activities.
Overall, these actions reflect the need for policymakers to strike a balance between supporting innovation and economic development driven by cryptocurrency technologies while ensuring the sustainability of energy resources and the resilience of critical infrastructure. As the cryptocurrency industry continues to evolve, regulatory measures like those implemented in Manitoba and proposed in British Columbia are likely to become more common as governments seek to manage the impacts of cryptocurrency mining on their communities and environments.
Source: cointelegraph.com
The post Crypto miners face energy refusal, restriction in Canadian provinces appeared first on HIPTHER Alerts.
Blockchain
Tether Launches on TON Blockchain with USDT, XAUT
The integration of Tether’s USDT stablecoin and its gold-backed token, XAUT, onto The Open Network (TON) blockchain marks a significant development in the blockchain space. By bringing these stablecoins onto TON, Tether aims to enhance transaction efficiency and liquidity on the platform, particularly for decentralized applications (DApps) operating in sectors such as payments and gaming.
TON, which has gained attention recently due to Telegram’s involvement and revenue-sharing initiatives, stands to benefit from the deployment of Tether’s stablecoins. With its native cryptocurrency, Toncoin, reaching a market capitalization of $21.4 billion, TON has established itself as a prominent player in the cryptocurrency market.
Tether’s USDT stablecoin, boasting a circulating supply of nearly 110 billion, holds the title of the largest stablecoin globally and ranks as the third-largest cryptocurrency overall. This integration not only expands the utility of Tether’s stablecoins but also reinforces TON’s position as a versatile blockchain platform catering to diverse industry needs.
Overall, the integration of Tether’s stablecoins onto TON represents a strategic move to bolster the platform’s functionality and attractiveness to developers and users alike. As blockchain technology continues to evolve, collaborations and integrations like these are poised to drive innovation and growth in the decentralized finance (DeFi) ecosystem.
Source: forkast.news
The post Tether Launches on TON Blockchain with USDT, XAUT appeared first on HIPTHER Alerts.
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