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Hyperledger Announces Hyperledger Fabric 2.0

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Hyperledger, an open source collaborative effort created to advance cross-industry blockchain technologies, today announced the general availability of Hyperledger Fabric 2.0. This major release of Hyperledger Fabric, a distributed ledger framework that’s been under development by the Hyperledger community since 2016, delivers a number of features and enhancements needed to increase the efficiency and security of production deployments.

Much of the work on Hyperledger Fabric 2.0 focused on new ways to manage the chaincode (or smart contract) lifecycle to maximize flexibility, remove bottlenecks and create more options to distribute governance. Security and data privacy were also big development priorities, so many features and enhancements are geared towards delivering more granular control of private channels and minimizing vulnerabilities.

Key Hyperledger Fabric 2.0 features include:

Decentralized governance for smart contracts — Hyperledger Fabric 2.0 introduces decentralized governance for chaincode, with a new process for installing a chaincode on your peers and starting it on a channel. The new Fabric chaincode lifecycle allows multiple organizations to come to agreement on the parameters of a chaincode, such as the chaincode endorsement policy, before it can be used to interact with the ledger. The new model offers several improvements over the previous lifecycle, including requiring multiple organizations to agree to the parameters of a chaincode, creating a more deliberate chaincode upgrade process and simplifying endorsement policy and private data collection updates

New chaincode application patterns for collaboration and consensus — The same decentralized methods of coming to agreement that underpin the new chaincode lifecycle management can also be used in your own chaincode applications to ensure organizations consent to data transactions before they are committed to the ledger. Organizations can add automated checks to chaincode functions to validate additional information before endorsing a transaction proposal. Additionally, human decisions can be modeled into a chaincode process that spans multiple transactions. The chaincode may require actors from various organizations to indicate their terms and conditions of agreement in a ledger transaction. Then, a final chaincode proposal can verify that the conditions from all the individual transactors are met, and “settle” the business transaction with finality across all channel members.

External chaincode launcher —The external chaincode launcher feature empowers operators to build and launch chaincode with the technology of their choice. Use of external builders and launchers is not required as the default behavior builds and runs chaincode in the same manner as prior releases using the Docker API.

Private data enhancements — Hyperledger Fabric 2.0 enables new patterns for working with and sharing private data, without the requirement of creating private data collections for all combinations of channel members that may want to transact. Specifically, instead of sharing private data within a collection of multiple members, you may want to share private data across collections at a transaction or state key level with selected channel members. Each private data collection may contain a single organization, or perhaps a single organization along with a regulator or auditor.

State database cache for improved performance on CouchDB — When using external CouchDB state database, read delays during endorsement and validation phases have historically been a performance bottleneck. With Hyperledger Fabric 2.0, a new peer cache replaces many of these expensive lookups with fast local cache reads.

Alpine-based docker images — Starting with 2.0, Hyperledger Fabric Docker images will use Alpine Linux, a security-oriented, lightweight Linux distribution. This means that Docker images are now much smaller, providing faster download and startup times, as well as taking up less disk space on host systems. Alpine Linux is designed from the ground up with security in mind, and the minimalist nature of the Alpine distribution greatly reduces the risk of security vulnerabilities.

For more on the features and enhancements, see What’s new in Hyperledger Fabric 2.0.

“Hyperledger Fabric has established itself as a popular and practical distributed ledger framework and has powered much of the transition from conceptualization to commercialization we’ve seen in enterprise blockchain,” said Brian Behlendorf, Executive Director, Hyperledger. “Fabric 2.0 is a new generation framework developed by and for the enterprises that are building distributed ledger capabilities into the core of their businesses. This new release reflects both the development and deployment experience of the Fabric community and confirms the arrival of the production era for enterprise blockchain.”

Hyperledger Fabric is already widely deployed in PoCs and production networks of all sizes and scales. To ensure smooth transition to this new version, there is a range of documentation specifically for Upgrading to the latest release. There’s also documentation on Upgrading your components and Updating the capability level of a channel, as well as a specific look at the Considerations for getting to Fabric 2.0.

Community quotes:

“The release of Hyperledger Fabric 2.0 is an important step forward in the on-going evolution of DLT, and was developed based on feedback from real-world use, including improved chaincode management capabilities and performance enhancements,” stated Rob Palatnick, Managing Director and Global Head of Technology Research and Innovation at The Depository Trust & Clearing Corporation (DTCC) and Governing Board Chair at Hyperledger. “DTCC’s work with Hyperledger enables us to bring DLT expertise and knowledge in-house while contributing our learnings and progress on enterprise-scale projects with the DLT community. We look forward to our continued efforts around Fabric 2.0 and in working with Hyperledger.

“I am delighted to see Hyperledger Fabric v2.0 released,” said Nao Nishijima, Researcher, Hitachi, Ltd. “Hitachi has contributed to the social innovation through the development of superior, original technology and products since its foundation in 1910.  Hitachi believes that Hyperledger Fabric v2.0 and related blockchain technologies will further expand the possibility to merge sustainability and business and to resolve social issues through the contribution to the initiatives like Society 5.0 and Sustainable Development Goals (SDGs). Hitachi continues to contribute to the Hyperledger community and to provide blockchain solutions for various industries.”

“IBM is excited about this key milestone in Hyperledger Fabric’s development lifecycle,” said Jerry Cuomo, IBM Fellow and VP of Blockchain Platform, IBM. “We are proud to have been part of the community that has collaborated on its development, and we are eager to upgrade the IBM Blockchain Platform — industry’s first multi-cloud implementation of Hyperledger Fabric — to leverage the new capabilities and improved performance in this milestone release.”

“IntellectEU is grateful to have been a part of the Hyperledger community since the very beginning,” said Thomas Bohner, VP of Blockchain at IntellectEU. “The release of Hyperledger Fabric 1.0 was a breakthrough for enterprise blockchain. Today we are excited about the Hyperledger Fabric 2.0 release. More specifically the private data enhancements that will drive adoption for our clients in the financial services industry. Our engineering team will be applying decentralised governance for chaincode when helping our clients migrating to Fabric 2.0.”

“Oracle is excited about Fabric 2.0 GA release,” said Mark Rakhmilevich, Senior Director, Blockchain Production Management at Oracle. “Hyperledger Fabric underpins Oracle Blockchain Platform, which is used by numerous customers in production, and a number approaching production deployments.  The new capabilities in this release will directly benefit these customers who are looking for greater data privacy capabilities, increased performance, and decentralized consensus mechanism.  I also think the new decentralized governance model for chaincode updates and organization-specific extensions will enable broader flexibility and help with the chaincode update process in consortia environments. These practical improvements will help to accelerate adoption of Fabric across our enterprise customers and government organizations. Oracle is very committed to Hyperledger Fabric and we’d like to congratulate the Fabric community on this important milestone.”

“We’re excited to stand alongside our friends as they launch Hyperledger Fabric 2.0,” said Troy Ronda, Chief Scientist for SecureKey Technologies Inc. “This release demonstrates a mature project with enhanced performance and deployment features that will allow for innovative identity projects to come to fruition, like our Verified.Me service. Hyperledger’s projects – such as Fabric and Aries – provide important open source components for building ecosystem services like Verified.Me, and we’re happy to contribute to such an excellent and dedicated community.”

Additional Resources:

 

SOURCE Hyperledger

Blockchain

39% of Canada’s institutional investors have exposure to crypto: KPMG

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According to a report from CoinTelegraph, nearly forty percent of institutional investors in Canada have exposure to cryptocurrency, as revealed by KPMG. This finding underscores the growing acceptance and adoption of digital assets among institutional investors in the country.

The report indicates that a significant portion of institutional investors in Canada are actively investing in or exploring opportunities in the cryptocurrency market. This trend reflects a shift in sentiment towards digital assets, with more investors recognizing the potential for long-term growth and diversification offered by cryptocurrencies.

KPMG’s findings highlight the increasing mainstream acceptance of cryptocurrencies among traditional investors, as well as the growing interest in blockchain technology and its potential applications across various industries. As institutional investors continue to enter the cryptocurrency market, they are expected to bring additional capital and liquidity, further fueling the growth and maturation of the digital asset ecosystem.

Overall, KPMG’s report signals a significant milestone in the adoption of cryptocurrencies in Canada, indicating that institutional investors are increasingly recognizing the value proposition of digital assets and integrating them into their investment portfolios. This trend is likely to accelerate the broader adoption and mainstream acceptance of cryptocurrencies in the country and beyond.

Source: cointelegraph.com

The post 39% of Canada’s institutional investors have exposure to crypto: KPMG appeared first on HIPTHER Alerts.

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Blockchain

BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests

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The BounceBit (BB) Megadrop is now open for participation, as announced by Blockchain.News. This event presents an exciting opportunity for users to earn BB tokens by engaging in various activities, including subscribing to BNB locked products and completing Web3 quests.

Participants can join the BB Megadrop by subscribing to BNB locked products or completing Web3 quests, both of which offer different avenues for earning BB tokens. By participating in these activities, users have the chance to accumulate BB tokens and potentially benefit from the rewards associated with the Megadrop.

Subscribing to BNB locked products allows users to earn BB tokens by locking their BNB assets for a specified period. This not only provides users with an opportunity to earn rewards but also contributes to the liquidity and stability of the BounceBit ecosystem.

Additionally, completing Web3 quests offers users an alternative way to earn BB tokens by engaging in various tasks and challenges related to Web3 technology. These quests provide users with a fun and interactive way to learn about blockchain and cryptocurrency while earning rewards in the form of BB tokens.

Overall, the BB Megadrop presents an exciting opportunity for users to participate in the BounceBit ecosystem and earn rewards by engaging in activities that contribute to the growth and development of the platform. As the Megadrop progresses, participants can look forward to additional opportunities to earn BB tokens and potentially benefit from the rewards associated with this event.

Source: blockchain.news

The post BounceBit (BB) Megadrop Now Open: Participate by Subscribing to BNB Locked Products or Completing Web3 Quests appeared first on HIPTHER Alerts.

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Blockchain

Cronos collaborates with KYVE to revolutionize Blockchain Data

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Cronos, a prominent blockchain platform, has announced a collaboration with KYVE aimed at revolutionizing blockchain data, as reported by CryptoNewsZ. This partnership represents a significant step forward in enhancing the efficiency and scalability of blockchain data storage and retrieval.

The collaboration between Cronos and KYVE seeks to leverage KYVE’s decentralized data storage and retrieval solution to enhance the capabilities of the Cronos blockchain platform. By integrating KYVE’s technology, Cronos aims to address the challenges associated with storing and accessing large volumes of data on the blockchain, such as scalability and cost-effectiveness.

KYVE’s decentralized data storage solution utilizes a network of distributed nodes to store and retrieve data, ensuring high availability and reliability. This approach not only improves the efficiency of data storage and retrieval but also enhances the security and resilience of the blockchain network.

The partnership between Cronos and KYVE is expected to unlock new possibilities for decentralized applications (dApps) and smart contracts built on the Cronos platform. By providing a more efficient and scalable solution for blockchain data management, Cronos aims to attract developers and enterprises seeking to leverage blockchain technology for a wide range of applications.

Overall, the collaboration between Cronos and KYVE represents a significant development in the blockchain industry, highlighting the importance of innovation and collaboration in driving the evolution of decentralized technologies. As the partnership progresses, it is poised to deliver transformative benefits for blockchain data management and accelerate the adoption of decentralized applications and services.

Source: cryptonewsz.com

The post Cronos collaborates with KYVE to revolutionize Blockchain Data appeared first on HIPTHER Alerts.

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