Ethereum (ETH) has joined the crypto rally sparked by Bitcoin’s record-breaking climb, crossing the $3,900 mark for the first time in nearly two years. The cryptocurrency has gained over 5.51% in the past five days, reflecting heightened optimism across the broader market. Bitcoin’s surge to an unprecedented $100,000 has reignited enthusiasm for digital assets, driving Ethereum and other cryptocurrencies upward.

ETH is riding to $5K as Bitcoin’s surge propels Ethereum above $3,900

Bitcoin’s rise, fueled by President-elect Donald Trump’s announcement of Paul Atkins as his SEC chair nominee, has boosted market confidence in pro-crypto policies under the new administration. This optimism is spilling over into Ethereum, which is often considered the second-most significant cryptocurrency. Investors anticipate favorable regulatory changes and increased institutional adoption, creating a bullish outlook for the market.

Ethereum’s steady climb is evident from its performance over the past week. Starting at approximately $3,500 on December 1, ETH has risen steadily to reach $3,910.51 as of December 5. Market analysts suggest that if Bitcoin maintains its upward trajectory, Ethereum could soon test the $5,000 mark, a milestone not seen since the 2021 crypto boom.

Institutional interest and market dynamics

Institutional interest in Ethereum continues to grow, particularly in its applications within decentralized finance (DeFi) and smart contracts. Ethereum’s value proposition extends beyond being a digital currency, as its blockchain underpins a significant portion of the DeFi ecosystem. With increasing adoption by financial institutions and enterprises, ETH remains a key player in the crypto space.

Another factor contributing to Ethereum’s rise is its growing utility in non-fungible tokens (NFTs) and Web3 applications. Despite the NFT market cooling off compared to its peak in 2021, Ethereum’s dominance as the underlying blockchain for most NFT marketplaces ensures continued demand for the asset. Combined with its transition to a more energy-efficient proof-of-stake (PoS) consensus mechanism, Ethereum is well-positioned for long-term growth.

Bitcoin’s rally as a catalyst

Bitcoin’s unprecedented surge to $100,000 has set the tone for the entire cryptocurrency market. Analysts credit this rise to Trump’s SEC nominee, Paul Atkins, a known crypto advocate who is expected to take a lenient regulatory approach compared to the outgoing chair, Gary Gensler. This development has fueled hopes of greater regulatory clarity and institutional involvement in the crypto sector, creating a ripple effect that benefits other cryptocurrencies like Ethereum.

Ethereum, often seen as Bitcoin’s closest competitor, is riding this wave of enthusiasm. The strong correlation between Bitcoin and Ethereum prices suggests that as Bitcoin continues to soar, Ethereum is likely to follow suit, with market participants speculating on its ability to break through the $5,000 barrier.

Can Ethereum reach $5K?

With Ethereum gaining momentum, the $5,000 milestone appears increasingly achievable. However, market volatility remains a key risk. The Federal Reserve’s stance on interest rates and global macroeconomic factors could influence crypto markets in the coming weeks.

Disclaimer: The content of this article is for informational purposes only and should not be construed as investment advice. We do not endorse any specific investment strategies or make recommendations regarding the purchase or sale of any securities.

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The U.S. Securities and Exchange Commission (SEC) has granted approval for several spot Ethereum ETFs, which are expected to begin trading on Tuesday. This landmark decision marks a key moment in the digital asset space, opening the way for broader institutional and retail investor participation in Ethereum.

SEC approved spot Ethereum ETFs

As of Monday evening, the following spot Ethereum ETFs had effective prospectuses, meaning the SEC had cleared them for trading:

21Shares Core Ethereum ETF (CETH)

The 21Shares Core Ethereum ETP is a physically backed product that tracks the value of Ethereum (ETH). Launched in September 2022, it aims to provide cost-efficient exposure to Ethereum with a total expense ratio (TER) of 0.21%. This product is listed on the SIX Swiss Exchange and is designed to offer low management fees by lending out a portion of its underlying assets and holding segregated collateral in cold storage​.

Bitwise Ethereum ETF (ETHW)

The Bitwise Ethereum ETF aims to provide investors with straightforward exposure to Ethereum by tracking its market price. Bitwise, known for its extensive experience in crypto asset management, launched this fund following SEC approval. The fund is set to trade on the NYSE and has committed to donating 10% of its profits to support Ethereum’s open-source development​.

Fidelity Ethereum Fund (FETH)

Managed by Fidelity Investments, this fund offers direct exposure to Ethereum. Listed on the DTCC under the ticker FETH, it aims to provide a secure and reliable way to invest in Ethereum, leveraging Fidelity’s extensive financial expertise.

Franklin Ethereum Trust (EZET)

Managed by Franklin Templeton, this ETF aims to provide secure and efficient exposure to Ethereum’s market performance. It is listed on the Depository Trust and Clearing Corporation (DTCC) under the ticker EZET. This listing marks a significant step towards making the ETF available for trading.

Invesco Galaxy Ethereum ETF (QETH)

This ETF is a collaborative effort between Invesco and Galaxy Digital, designed to provide institutional-grade exposure to Ethereum. The partnership leverages the financial and crypto expertise of both firms to offer a robust investment vehicle for those interested in Ethereum. Detailed information about this specific ETF can be found through Invesco and Galaxy Digital’s official announcements and filings.

iShares Ethereum Trust ETF (ETHA)

Managed by iShares, a division of BlackRock, this ETF seeks to track the performance of Ethereum, offering a regulated and trusted investment vehicle for Ethereum. More information about this ETF is available through BlackRock’s official releases and financial documentation.

VanEck Ethereum ETF (ETHV)

VanEck’s Ethereum ETF provides secure and regulated exposure to Ethereum. Known for its innovative investment solutions, VanEck continues to bridge traditional finance and digital assets with this ETF. Official VanEck releases and financial statements provide more detailed information about this ETF.

These approvals signify that the regulatory body has thoroughly reviewed and authorized these funds for public trading, underscoring a growing acceptance of cryptocurrency-based financial products within mainstream financial markets.

Notably, the updated prospectuses for Grayscale Ethereum Trust (ETHE) and Grayscale Ethereum Mini Trust (ETH) were still pending at the time of this announcement. This delay indicates that while several ETFs have cleared regulatory hurdles, some products are still under review, reflecting the SEC’s cautious approach to ensuring investor protection and market stability.

The introduction of these spot Ether ETFs is expected to provide a more accessible and regulated means for investors to gain exposure to Ethereum.

Ethereum ETF launch date

Following the final nod from the U.S. SEC, numerous spot Ethereum ETFs are anticipated to start trading on Tuesday, July 23, 2024. This approval is a big step for Ethereum-based financial products, following closely in the footsteps of the Bitcoin ETFs that launched approximately six months ago, which achieved unprecedented success in the market.

While the spot Ethereum ETFs are not expected to match the popularity of their Bitcoin counterparts—primarily due to Ethereum’s total market size being roughly one-fourth that of Bitcoin—they are still projected to make a considerable impact. The launch of Bitcoin ETFs was heralded as one of the most successful in the industry’s history, setting a high benchmark for subsequent cryptocurrency-based ETFs.

Despite these tempered expectations, the Ether ETFs are anticipated to be substantial in size relative to most ETF launches. This optimistic outlook is based on the increasing institutional interest in cryptocurrency and the expanding adoption of Ethereum in various applications, including decentralized finance (DeFi) and non-fungible tokens (NFTs).

The entry of these spot Ethereum ETFs into the market signifies a growing recognition and acceptance of Ether as a viable investment asset. It also reflects the maturation of the cryptocurrency market, as more sophisticated financial products become available to investors.

What is a Bitcoin ETF?

Current Ethereum price

Following the SEC’s approval of several spot Ethereum ETFs, the market has shown a noticeable response. As of the latest TradingView data, the price of Ethereum (ETH) stands at $3,453.4, reflecting a 0.33% increase over the past day. This positive movement is a promising sign for investors, indicating a potential uptick in market confidence and interest in Ethereum.

However, the one-week performance shows a slight decline of 0.91%, suggesting some volatility and caution among traders. Over the past month, ETH has experienced a modest decrease of 1.16%, which may be attributed to broader market trends and regulatory uncertainties.

Despite these short-term fluctuations, Ethereum’s longer-term performance remains robust. Over the past six months, ETH has surged by 54.56%, and its year-to-date growth stands at an impressive 51.33%. Looking at the year-on-year performance, Ethereum has appreciated by a remarkable 82.83%, highlighting its strong recovery and growth trajectory.

Over a five-year period, ETH has seen a steady increase of 1.50%, and since its inception, the cryptocurrency has recorded an extraordinary all-time growth of 121.86%.

Featured image credit: Kerem Gülen/Midjourney

Everyone is waiting for the SEC ETH ETF approval time now. The cryptocurrency market is buzzing with anticipation as the Securities and Exchange Commission (SEC) is poised to make a pivotal decision on spot Ethereum Exchange-Traded Funds (ETFs). With major players like Fidelity, Bitwise, and Grayscale in the fray, the outcome of this regulatory verdict could significantly impact the trajectory of Ethereum’s value and the broader crypto landscape.

Ethereum’s price has mirrored the anticipation, surging 25% over the past seven days to over $3,850 at the time of writing.

The prospect of a spot Ethereum ETF approval has sparked speculation of a further price surge, akin to Bitcoin’s historic rally following ETF approvals. However, experts caution that Ethereum’s price action post-approval remains uncertain, underscoring the volatile nature of cryptocurrency markets.

Disclaimer: Nothing on this site should be construed as investing, financial, trading, or any other kind of advice. No cryptocurrency is recommended for purchase, sale, or storage by Dataconomy. Before making any investing decisions, you should do your own research and consult with a financial professional.

Last touches before the SEC ETH ETF approval time

In a whirlwind of developments, the SEC has unexpectedly engaged with prospective Ethereum ETF issuers in recent days, hinting at a potential approval looming on the horizon. SEC ETH ETF approval time is getting closer! This sudden shift in momentum has sparked speculation and excitement among investors, who eagerly await the SEC’s decision.

🚨NEW: Hearing that conversations concerning the S-1’s have now started happening between @SECGov staff and issuers with the conclusion being that there’s “work to do” on those.

— Eleanor Terrett (@EleanorTerrett) May 22, 2024

Unlike the lead-up to Bitcoin ETF approvals, which saw weeks of constructive dialogue between the SEC and issuers, the Ethereum ETF saga has taken a different route. Until the eleventh hour, there was little to no engagement between the regulatory body and applicants, leading analysts to initially dismiss the possibility of approvals. However, reports emerged on May 20th indicating that the SEC had commenced discussions with Ethereum ETF hopefuls, catching many off guard.

Factors influencing the SEC ETH ETF approval time include regulatory considerations and market dynamics.

As ETF issuers rushed to submit amended 19b-4 filings earlier this week, anticipation reached a fever pitch. Bloomberg ETF analyst James Seyffart suggested that, with concerted effort, S-1 applications for spot Ethereum ETFs could see resolution within a few weeks. However, the SEC’s rigorous review process may extend the timeline, potentially delaying trading commencement.

S-1 filings serve as comprehensive documents detailing a company’s financial status, business model, risk factors, and management team—an essential requirement for ETF filings with the SEC. Approval of these filings is pivotal for ETFs to transition to trading on the stock exchange.

Ether ETF company executive speaks: “Now, we’re starting”

Hours before the SEC’s decision on Ether spot ETFs, companies applying for S-1 documents were contacted by the SEC, causing surprise and urgency among applicants. An executive from one of the filing companies remarked, “With the last-minute policy change, the SEC was also caught off guard… So to put it simply, we are starting now.” S-1 filings, crucial for ETF trading approval, may delay the process despite today’s focus on 19b-4 filings. Industry insiders suggest a potential scramble for approval, highlighting uncertainty in the regulatory process.

Everyone is waiting for the SEC ETH ETF approval

The clock is ticking as the market awaits the SEC’s verdict, with Bloomberg analyst Eric Balchunas suggesting a potential announcement around 4:00 PM ET. The decision holds immense significance for investors and stakeholders alike, poised to shape the future of Ethereum and the broader crypto ecosystem.

My best guess is we hear from the SEC around 4pm tomorrow. For spot btc they dropped it at 3:45pm, some others in past were slightly after 4pm. Anything poss tho https://t.co/MzTOcsmTnJ

— Eric Balchunas (@EricBalchunas) May 22, 2024

As the crypto community braces for this landmark decision, the implications of an Ethereum ETF approval extend far beyond price movements. It represents a pivotal moment in mainstream adoption, potentially opening the floodgates for institutional capital and ushering Ethereum into a new era of legitimacy and accessibility.

In conclusion, the impending approval of Ethereum ETFs stands as a watershed moment for the cryptocurrency market, poised to redefine its landscape and pave the way for greater adoption and innovation. As the SEC deliberates, all eyes remain glued to the outcome, awaiting the dawn of a new era in Ethereum’s journey.

What could change if SEC ETH ETF is approved?

If the SEC approves an Ethereum ETF (Exchange-Traded Fund), several significant changes could unfold in the cryptocurrency market and beyond:

• Increased accessibility: An approved Ethereum ETF would provide traditional investors with a regulated and accessible avenue to gain exposure to Ethereum’s price movements without directly owning the cryptocurrency. This accessibility could attract a broader range of investors, including institutional players and retail investors, potentially leading to increased liquidity and trading volumes in the Ethereum market.

• Market expansion: The approval of an Ethereum ETF could signal a maturing of the cryptocurrency market and further its integration into traditional financial systems. This move could pave the way for additional cryptocurrency ETFs and financial products, expanding the market and providing more options for investors interested in digital assets.
• Price impact: The approval of an Ethereum ETF could have a significant impact on the price of Ethereum itself. Historically, the introduction of ETFs in traditional markets has often led to price rallies in the underlying assets. A similar scenario could occur with Ethereum, as the increased accessibility and legitimacy provided by an ETF approval could attract new investors and drive up demand.
• Regulatory clarity: The approval of an Ethereum ETF by the SEC would provide regulatory clarity for the cryptocurrency industry. It would establish a precedent for how cryptocurrencies like Ethereum can be traded within the confines of existing securities laws, potentially alleviating regulatory uncertainty that has hindered institutional adoption and investment in the past. The SEC ETH ETF approval time could serve as a catalyst for renewed interest in digital assets among institutional investors.
• Market integration: An Ethereum ETF approval could further integrate cryptocurrency markets with traditional financial infrastructure. This integration could lead to increased collaboration between traditional financial institutions and cryptocurrency exchanges, as well as greater acceptance of digital assets within mainstream finance.

Overall, the approval of an Ethereum ETF by the SEC would mark a significant milestone for both the cryptocurrency industry and traditional finance. It could open the doors to new investment opportunities, drive market growth, and provide greater legitimacy and regulatory clarity for Ethereum and other digital assets.

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Blockchain networks, known as permissioned blockchains, require access to join. In these blockchain varieties, a control layer that regulates the actions taken by the authorized players runs on top of the blockchain. As is evident, the operation of permissioned blockchains differs significantly from that of private and public blockchains. They are designed to benefit from blockchains without surrendering the centralized system’s authority.

There is a blockchain access paradigm that employs hierarchical governance to stop this. Users must have permission to join the blockchain platform in this model. The permissioned or private blockchain is the name of this model.

Despite the fact that permissionless blockchains initially appear to pose a security risk, these models each have specific use cases and are appropriate in a variety of settings.

Blockchain technologies that don’t require permission are more prevalent and receive more support from the open-source community, like Ethereum and Bitcoin. This paradigm is not ideal for companies and communities that prefer hierarchical privileged rights and restricted access.

It is crucial to understand the requirements of your decentralized application to match them with an appropriate blockchain access architecture.

What is a permissioned blockchain?

Decentralized networks and platforms with no central authority are made possible by the blockchain. However, unapproved individuals may join public blockchain platforms employing permissionless blockchain access architecture to defraud other users.

Therefore, the primary distinction between a permissioned and a permissionless network is how the participants will interact with the network. In addition to having restrictions on the consensus participants, permissioned systems are known to be tightly designed and managed by their owners. It is not necessarily bad, but creating a good blockchain network is key.

A distributed ledger that is password-protected is referred to as a permissioned blockchain. Only users with the appropriate permissions can access it. Users must authenticate themselves using certificates or other digital methods and are limited to the precise actions permitted by the ledger administrators.

Consider adding permissioned users as an additional layer of blockchain security. In order to restrict access to certain actions to just specific identifiable parties, administrators maintain an access control layer. The blockchain keeps track of who participated in the transactions. Permissioned blockchains are distinct from public blockchains because of this.

“Even though blockchain was first invented for building a public and open trustless network without any central authority, it is evolving towards permissioned and private platforms for enterprises. Private blockchains are similar to public blockchains; they also are immutable, nodes share the same ledger, but access to the network is permissioned. This means that permission and role for each node have to be granted.”

Cited from: Permissioned blockchain frameworks in the industry: A comparison

Permissioned blockchain architecture

Multiple methods can be used to create and access a blockchain. To read, access, and publish data on some blockchains, you may need to have specific rights. The only requirements for some are the ability to connect and the capacity to do network-related tasks. The inherent structure of every blockchain regulates the transactions made by the participants and establishes the responsibilities that each participant can partake about accessing and modifying the blockchain.

Reversible blockchain transactions might be the solution against fraud and money laundering

Additionally, it might entail preserving each blockchain user’s identity on the network. Permissioned blockchains are those that fit this description.

Advantages of permissioned blockchains

When opposed to permissionless blockchains, permissioned blockchains have many advantages that make them the most advantageous to utilize. Let’s examine the advantages of permissioned blockchains and their advantages.

Efficiency

We found that permissioned blockchains perform better than permissionless blockchains. The platform’s small number of nodes is the primary cause of this. This enhances overall performance by eliminating the extra calculations needed to reach a consensus on the network. Furthermore, permissioned networks have their own pre-selected nodes for transaction validity.

Appropriate governance structure

Permissioned networks do have a suitable governance structure. This demonstrates that they are structured. Additionally, administrators need less time to change the rules across the network because it is much faster than public blockchains.

The consensus issue affects the public blockchain network since not all nodes cooperate in implementing the new upgrade. These nodes might prioritize their needs over those of the blockchain, resulting in slower network updates overall. As the nodes cooperate to move the updates more quickly, the permissioned blockchain does not have the issue.

Decentralization

Permissioned networks also effectively utilize blockchain, including the decentralized aspect of the technology for data storage.

Profit

Compared to permissionless blockchains, permissioned blockchains are, without a doubt, more cost-effective.

Disadvantages of permissioned blockchains

Permissioned blockchains are not free from disadvantages or drawbacks. Here are the disadvantages of permissioned blockchains:

Security concerns

Due to proper node participation in a consensus procedure, a public or private blockchain offers superior security. However, this might not be the case with permissioned blockchains. A permissioned network’s security is only as strong as its members’ integrity.

This implies that a small portion of a permissioned system can cooperate to change the network’s data storage. The network’s integrity could be at risk in this way. In order to fix it, the system needs to have the right permissions configured so that the bad actors can’t combine to achieve the desired impact.

Administration

These permissioned blockchains ought to function as a public blockchain would in an ideal world, but with rules. The rules, however, impose censorship on the network, allowing the ruling body to limit or prevent a transaction from taking place.

These pose a risk to any company or group accessing the permissioned network. Additionally, this strategy prevents the permissioned network from utilizing the full potential of the blockchain ecosystem.

Types of permissioned blockchains

The Bitcoin blockchain technology was straightforward. Each node in the public peer-to-peer network has a copy of the ledger, enabling transactions to be completed without needing a central authority. It is not the only blockchain or distributed ledger technology that might exist, though. DLTs come in a variety of forms. To have a good understanding, let’s briefly list them.

Public permissioned blockchains

The most prevalent blockchains are the public ones, which lets anyone use them to conduct transactions or even participate in the consensus process. There are a lot of well-known public blockchains available.

Two excellent examples are Bitcoin and Ethereum. The first cryptocurrency of its generation, Bitcoin, uses blockchain technology in its most fundamental form. Ethereum adds value by enabling the creation of distributed applications (dApps) utilizing smart contracts or distributed ledger technology.

Consensus algorithms used by public blockchains also do not enable a permissioned blockchain approach. Since they are open source, anyone can join the network without prior authorization.

Private permissioned blockchain

Private blockchains will be the final type of blockchain we cover. Permissioned blockchains and private blockchains are “comparable,” yet there are key features that set them apart. While a permissioned blockchain might have some requirements for the public to join, private blockchains are completely closed to the “public.” They both have a restricting nature but go about it slightly differently.

Federated permissioned blockchains

No outside parties are permitted to participate in these blockchains. It has many advantages, including greater scalability, and is a great option for commercial businesses. R3, B3i, Hyperledger, and other permissioned blockchains are only a few examples.

Permissioned vs permissionless blockchain

Because they both employ the same technologies, permissioned and permissionless blockchains are comparable. Permissioned blockchains, on the other hand, prevent unauthorized users from accessing the blockchain.

To track money transfers, for instance, a bank might use a permissioned blockchain run through a set number of its own internal nodes. You lack the necessary permissions. Hence you are unable to access this blockchain. In contrast, after creating a semi-anonymous account in a network like a bitcoin mining network, you might join that network’s permissionless blockchain.

What is a permissionless blockchain?

Another DLT paradigm, a permissionless blockchain, sits on the other end of the spectrum. Most significant cryptocurrencies now operate on permissionless blockchain networks, including Bitcoin.

True to its name, it enables anybody to access information and participate in the network. In a nutshell, it is public and decentralized. There are no gatekeepers or censors, hence the name “permissionless.” Nobody needs to provide identification documents or pass Know Your Customer (KYC) checks to access the blockchain.

Two sides of blockchain: Don’t decide before you know

Technically, anyone can use it to accomplish anything they want within the network as long as the protocol permits it. The original vision of Satoshi Nakamoto for the blockchain is thought to be more closely represented by permissionless blockchains.

The common trade-off of permissionless blockchains is speed right now because it is open to the public. They are typically slower than their permissioned counterparts, much less in size.

The differences between a permissionless and permissioned blockchain

So how do blockchains without permission operate? Usually, the public verifies the transaction data recorded on these blockchains. The network depends on the general population to agree on the legitimacy of transactions because there is no regulating organization or authority.

Some differences that you need to understand in brief:

Public and private usage

One of the key distinctions between the two is this. For instance, a business that wishes to expand with additional privacy and security features and controlled access to the data will choose permission blockchain. It is simpler for the organization to create responsibilities and manage the data because it has its own level of transparency, and only certain people are permitted to access or alter it. Managing the supply chain using a permissioned blockchain is an excellent example. The permissionless concept is used when things like Donation and blockchain platforms like Bitcoin require anyone to engage freely.

Decentralization

The permissioned blockchain is only slightly more decentralized than the permissionless blockchain. Increasingly more people have the option to join the network thanks to permissionless blockchain technology, which also broadens the network. On the other hand, decentralization is constrained by the permissioned blockchain’s limited nature. Decentralization can only be used to manage the data and resources because permissioned is utilized by businesses. 

Improvements

A community of users can easily build, upgrade, and change the components of the blockchain since a permissionless blockchain is an open source. Additionally, it gives all users unrestricted access to view data and transactions. Permissioned blockchain restricts the developer or firm utilizing it from updating and developing the blockchain. 

Transparency

Users are not restricted when using a permissionless blockchain to see and access transactions. As a result, it provides less transparency because anonymity is more prevalent, and it is difficult to determine who made the changes. It is difficult to trace a wallet address since transactions are encrypted. Similarly, it is simple to identify who changed the data because only a small number of individuals have access to the transactions. It not only facilitates tracking but also lessens errors, which is crucial for private organizations.

Permissioned blockchain use cases

Both permissioned and permissionless blockchains have various architectural styles that can be advantageous for some applications and disadvantageous for others. However, we have separated the applications that can be used based on their usage. For instance, a strong financial platform built on a decentralized platform can be created using permissionless blockchain technology. It can be used for file storage for the general public and for digital trading, donations, and crowdfunding. Users can readily access it because it has no access restrictions.

Similar to a public blockchain, a permissioned blockchain has limited user access to the data and can be applied to supply chain tracking, claim settlements, and identity verification. Permissioned blockchain is the most appropriate technology for these applications because they are built on privacy and have limited access to specific people. The type of business application any technology will be utilized for will determine how widely it is adopted. 

You can use the following criteria to decide between using permissionless or permissioned blockchain:

• Performance: It relates to the volume of transactions and how often users engage with it for purposes such as security and validation.
• Power usage: The processing of transactions uses more energy the more there are of them.
• Roles: It describes many forms of user configuration required for tasks, including decision-making, granting access, setting permissions, and more.
• Smart contract: If the system is compromised, smart contracts verify responsibility and obligation.
• Token: It is more pertinent to the permissionless blockchain because businesses can choose to reward users with tokens or digital prizes.
• Privacy: It is possible to decide whether a certain level of privacy is necessary or whether it should stay public based on business parameters.

Permissioned blockchain examples and platforms

Below you can find some of the most significant permissioned blockchains out there:

Ethereum

After Bitcoin, Ethereum is the most widely used DApp. We are able to develop more blockchain-based DApps on top of Ethereum because it is a decentralized platform. Using Ethereum smart contracts, we create DApps on the platform. Smart contracts are programs that execute exactly as intended with no chance of censorship, fraud, or outside interference.

EU lawmakers are urging for Crypto Taxation to fight evasion

Quorum

We can create permissioned blockchain-based DApps on top of Quorum because it is a decentralized platform. Since Quorum is actually a fork of Ethereum (technically, it is a fork of Go Ethereum, which is an implementation of Ethereum using the Golang programming language), if you have ever worked on Ethereum, it will be simple for you to understand and develop permissioned blockchains using Quorum. Due to Ethereum’s big community and accessibility of Ethereum developers, many businesses choose Quorum to create blockchains.

MultiChain

A platform for creating permissioned blockchain-based DApps is called MultiChain. Assets, data streams, and permissions management are some of MultiChain’s distinctive characteristics. It is not compatible with smart contracts. This illustrates a platform for creating blockchain-based DApps that are not based on smart contracts. MultiChain uses round-robin validation consensus.

Hyperledger Fabric 1.0

We must first grasp what Hyperledger is in general before discussing what Hyperledger Fabric 1.0 is. The Linux Foundation launched the Hyperledger project in December 2015 as a hub for open-source blockchains and associated tools. Fabric, Sawtooth, Iroha, and Burrow are the four Hyperledger projects that were active when this article was written.

The most well-known Hyperledger project is Hyperledger Fabric. The project’s primary contributor is IBM. Additionally, IBM’s Bluemix offers BaaS, so you may quickly create your own Fabric network on the Cloud.

BigchainDB

BigchainDB, a decentralized database, uses blockchain. BigchainDB has excellent scalability and adaptability. It takes advantage of the Blockchain data model. Rich permissions, petabyte capacity, sophisticated querying, linear scaling, and other features are supported. BigchainDB is not yet ready for production. However, it can be used to create proof of concepts (PoCs) at the time this article was written. Later chapters will teach us how it functions, and we’ll use it to build a simple PoC.

Key takeaways

• As they need an access control layer, permissioned blockchains offer an extra layer of protection over standard blockchain systems like Bitcoin.
• Entities that require security, identification, and role definition within the blockchain choose these blockchains.
• Blockchains with permissions are becoming increasingly widespread as companies see their advantages.

Conclusion

Both permissioned and permissionless blockchains can be utilized for a variety of purposes. Because the application depends on the business criteria, it is impossible to say that one solution is superior to another. Blockchains, whether permissioned or permissionless, both have a certain set of features. On the other hand, the permissionless blockchain is designed to allow an increasing number of people to join and contribute to adding their own value. In contrast, permissioned is more focused on private entities and businesses to manage their data and operations. Blockchains with and without permissions are constantly being improved and expanded to offer them more space to operate in.

Whether you’re ready, cryptocurrency and blockchain technology has an increasing impact on financial markets, and they’ve certainly piqued investors’ interest. Those who want to get their feet wet in cryptocurrency investing or have considered it but don’t know where to start may benefit from reading a few interesting books about the subject.

Best blockchain books in 2022

These are some of the best blockchain books in 2022:

• The Basics of Bitcoins and Blockchains: An Introduction to Cryptocurrencies and the Technology that Powers Them by Antony Lewis
• Blockchain Revolution by Don Tapscott and Alex Tapscott
• Blockchain Basics: A Non-Technical Introduction in 25 Steps by Daniel Drescher
• The Bitcoin Standard by Saifedean Ammous
• Blockchain: A Beginner’s Guide To Understanding And Mastering Of Blockchain by Nathaniel Popper
• Mastering Bitcoin: Programming the Open Blockchain by Andreas M. Antonopoulos
• The Internet of Money (3 book series) by Andreas M. Antonopoulos
• The Book of Satoshi by Phil Champagne
• Building Decentralized Blockchain Applications by Shahid Shaikh
• Blockchain: The blockchain for beginners guide to blockchain technology and leveraging blockchain programming by Josh Thompson
• The Blockchain Developer by Elad Elrom
• The Truth Machine: The Blockchain and the Future of Everything by Paul Vigna and Michael J. Casey
• Bitcoin Money by Michael Caras and Marina Yakubivska
• Inventing Bitcoin by Yan Pritzker
• Blockchain Bubble or Revolution: The Present and Future of Blockchain and Cryptocurrencies by Neel Mehta, Aditya Agashe, and Parth Detroja
• Cryptoassets: The Innovative Investor’s Guide to Bitcoin and Beyond by Chris Burniske and Jack Tatar
• Attack of the 50 Foot Blockchain: Bitcoin, Blockchain, Ethereum & Smart Contracts by David Gerard
• Mastering Blockchain by Imran Bashir
• Cryptocurrency Investing For Dummies by Kiana Danial
• Blockchain For Dummies by Tiana Laurence
• The Everything Guide to Investing in Cryptocurrency by Ryan Derousseau
• Mastering Ethereum by Andreas M. Antonopoulos
• Bitcoin Billionaires by Ben Mezrich
• Blockchain for Babies by Chris Ferrie
• The Business Blockchain by William Mougayar and Vitalik Buterin

Cryptocurrency is an ever-changing field that is constantly developing new knowledge. Today, we’ve compiled a list of the best blockchain books to help you comprehend the sector, expand your wealth, or increase your knowledge base.

Fear not: you’re unlikely to learn much about crypto in school, and established financial services have yet to embrace decentralization, but don’t worry. Many cryptocurrency traders, miners, and enthusiasts are self-taught as a new technology because it’s at the heart of the decentralized finance concept. Good old-fashioned books can be a fantastic source of in-depth knowledge and enjoyment for individuals interested in learning more about digital assets.

As recommended by experts, these are the best blockchain books in 2022 on cryptocurrency and decentralized finance.

The Basics of Bitcoins and Blockchains: An Introduction to Cryptocurrencies and the Technology that Powers Them by Antony Lewis

The crypto book by Antony Lewis has earned rave reviews from Rosencrance and Wallet, who have placed it at the top of their must-read lists. Antony Lewis offers a clear introduction to bitcoin and explains its value. He also traces the history of money, how banks function, and its evolution.

Blockchain basics are explained in The Basics of Bitcoins and Blockchains, which will help you understand what a blockchain is and how it works. The book covers what a blockchain is, how it works, and why it’s important. It discusses the top blockchain platforms, smart contracts, and some factors to think about before investing in cryptocurrencies. There’s also a section on crypto investment risks, fraudulent schemes, cryptocurrency exchanges, digital wallets, and regulatory compliance.

Blockchain Revolution by Don Tapscott and Alex Tapscott

Apart from merely detailing how Bitcoin works, this book addresses a major problem that many people confront (even now) – the author emphasizes that despite the fact that the underlying technology behind cryptocurrencies (in particular) is referred to as the blockchain. Blockchain may utilize to power various additional applications, particularly in the FinTech sector.

This method is not only crucial for newcomers to understand blockchain technology, but it also allows entrepreneurs to consider the technology in a new light and suggest new ideas that could change the internet industry.

“A highly readable introduction to a bamboozling but increasingly vital area,” says the Guardian of this book. This is the book that every reader should read before diving into the complexities that they will encounter as an investor, developer, or anybody interested in blockchain and cryptocurrency. This is the book that readers should first devour before delving into the intricacies they will encounter soon after.

Blockchain Basics: A Non-Technical Introduction in 25 Steps by Daniel Drescher

Veteran banking professional Daniel Drescher demystifies blockchain technology without relying on programming code, mathematical formulae, or other jargon.

In 25 easy steps, you’ll discover everything you need to know about blockchain technology in a nutshell. There are no equations, program code, or computer science jargon used. The resource bridges the gap between technical blockchain-related books and business-focused books by explaining both technical ideas behind the blockchain and their relevance in commercial applications.

The Bitcoin Standard by Saifedean Ammous

Cryptocurrency, which is both a store of value and a means of payment, is often compared to gold. It’s something like the new gold standard, according to some. Saifedin Ammous explores this in-depth, covering both technical and economic aspects of bitcoin that you’ve always wanted to understand.

“The Bitcoin Standard” is a must-read for books about cryptocurrency, taking readers from the birth of bitcoin to its technological potential in the future. The book maintains the attention of readers of all levels of knowledge by connecting bitcoin’s development to broader societal issues while also incorporating well-known economic and political ideas. Readers will get answers to their most frequently asked questions about bitcoin and learn how bitcoin fits into the current global economy.

Blockchain: A Beginner’s Guide To Understanding And Mastering Of Blockchain by Nathaniel Popper

Digital Gold is the story of a group of colorful characters who have created Bitcoin, including a Finnish student, an Argentinian magnate, a Chinese entrepreneur, Tyler, and Cameron Winklevoss, Satoshi Nakamoto, and the creator of the Silk Road online drug market, Ross Ulbricht.

A New York Times reporter named Nathaniel Popper offers a fantastic and fascinating account of this new technology in Digital Gold.

Mastering Bitcoin: Programming the Open Blockchain by Andreas M. Antonopoulos

Invest in software that is part of a worldwide technological shift that is sweeping the world of finance. With Mastering Bitcoin, you’ll be well-informed on bitcoin and have all the knowledge you need to get involved. Whether you’re creating the next blockbuster application, investing in a startup, or simply interested in technology, this updated and extended second edition has all the information you’ll need to get started.

Bitcoin, the world’s first successful decentralized digital currency, is still in its early phases, yet it has already created a multi-billion dollar global economy. This economy is open to anybody with the know-how and motivation to participate. Mastering Bitcoin teaches you how. All you have to do is provide the passion.

The Internet of Money (3 book series) by Andreas M. Antonopoulos

Andreas M. Antonopoulos, a renowned information-security expert, and author of Mastering Bitcoin, examines and contextualizes the significance of bitcoin in a series of essays that span the exciting development of this technology.

Andreas Antonopoulos shines a light on bitcoin’s societal, political, and historical aspects in addition to the technical workings of the network. Bitcoin — the internet of money — is fundamentally altering our approach to solving social, political, and economic problems through decentralized technology. The internet has essentially transformed how people worldwide interact and has permanently affected our lives in ways we could never have imagined.

The Book of Satoshi by Phil Champagne

Have you, like the rest of the world, speculated as to Satoshi Nakamoto’s identity, the anonymous creator of Bitcoin? In 2009, Bitcoin became the world’s first cryptocurrency and has since revolutionized our currency and money concepts. nUnlike traditional currencies backed by governments or central banks controlled and taxed by authorities, completely electronic Bitcoin is virtual money based on sophisticated cryptography. Satoshi Nakamoto is a virtual figure who exists only online, similar to his invention.

Satoshi Nakamoto, a pseudonym for a person who invented Bitcoin and Blockchain technology, has been hiding in the shadows since its release. This is just a made-up identity that no one knows who he/she is. While this book does not go into great detail on Blockchain technology, it does give insights into Satoshi’s emails and online forums discussions while Bitcoin was being developed.

Building Decentralized Blockchain Applications by Shahid Shaikh

This book is for anybody interested in learning how to code a Blockchain application or who wishes to build one. This book will be a helpful guide for beginning Blockchain developers, including full-stack designers, software engineers, web coders, and novices interested in the technology.

This book goes through Bitcoin and Ethereum in detail, including how they work and how to create a smart contract to bring your idea to life. You will also discover several decentralized databases and initiatives that may help you create decentralized apps.

Blockchain: The blockchain for beginners guide to blockchain technology and leveraging blockchain programming by Josh Thompson

The future is blockchain technology. Almost all nations on the planet have adopted it. The Internet of tomorrow will be built on Blockchain, where everything from banks to corporations to schools and organizations will exclusively communicate via this developing technology. You’ll learn why the Blockchain is significant and how it affects our lives in Blockchain: The Blockchain for Beginners Guide to Blockchain Technology and Leveraging Blockchain Programming. You’ll learn what drives blockchain technology and how you may apply it in your daily life.

This book is for corporate executives who wish to use blockchain technology to grow their business portfolio. You’ll also learn how to write your own smart contracts.

The Blockchain Developer by Elad Elrom

Create, develop, publish, test, maintain, and secure, scalable decentralized Blockchain projects on the Bitcoin, Ethereum, NEO, EOS, and Hyperledger platforms as a Blockchain developer.

This book helps you understand Blockchain beyond the scope of development and cryptocurrency to utilize its power and potentially better. You’ll learn how to get your own project up and run and best practices for testing, security, and even compliance. Get immersed in this technology and study key concepts, including cryptoeconomics, developing your own Blockchain P2P network, different consensus algorithms, decentralized ledgers, mining, wallets, blocks, and transactions.

This book also contains hands-on practical solutions and examples for developing smart contracts and dApps for various blockchains, such as Ethereum, NEO, EOS, and Hyperledger. You’ll see how to create dApps with Angular using typescript from beginning to end, connect to the blockchain network locally on a test network, and deploy on the production mainnet environment using real-world coding examples.

The Truth Machine: The Blockchain and the Future of Everything by Paul Vigna and Michael J. Casey

According to the authors in The Truth Machine, the blockchain can help us regain personal control over our data, assets, and identities, grant billions of excluded people access to the global economy, and shift the balance of power to restore society’s faith in itself. They describe its potential effects on finance, technology, law, and shipping industries.

In The Truth Machine: The Blockchain and the Future of Everything, Michael Casey and Paul Vigna show how blockchain technology can give individuals back control over their personal data, assets, and identities may be realized.

“Privacy is only a fantasy until the next hacking occurs.”

The authors show how replacing traditional (and not-so-trusted) institutions with a new approach that bypasses them might be difficult. The Truth Machine exposes the potential for individual empowerment when self-interested mediators give way to the blockchain’s transparency while highlighting the economic losses, political assertiveness, and social disharmony resulting from this transition.

Bitcoin Money by Michael Caras and Marina Yakubivska

The children of Bitville realize that they need a tool to exchange with one another. A strange young man arrives in town and suggests a new concept…

Bitcoin Money is a narrative for all ages that explains “Why Bitcoin?”

Inventing Bitcoin by Yan Pritzker

Most individuals are unaware of Bitcoin, or even how it works. This brief two-hour read is essential before you invest, as it goes through Bitcoin’s history from beginning to end.

There is no technical expertise required for this book.

Blockchain Bubble or Revolution: The Present and Future of Blockchain and Cryptocurrencies by Neel Mehta, Aditya Agashe, and Parth Detroja

Blockchain Bubble or Revolution is another fantastic book that starts from the ground up, explaining blockchain technology from a layman’s perspective before gradually raising the use of technical words. Perhaps the finest aspect is that three authors have worked with big names like Google, Microsoft, and IBM.

Blockchain technology has a lot more potential than just cryptocurrencies. This book explores where the industry may go in the next few years and how useful decentralized technology can be. While describing this topic, the authors have also spent a significant amount of effort discussing whether or not blockchain technology is appropriate for a certain use case and whether or not it’s overkill. This is particularly beneficial to an entrepreneur reading the book since it would help him decide which use case to invest his money in.

One of the most appealing features is that the book also contains tiny, simple explanations for various jargon that are frequently encountered in the blockchain industry. As a result, if you come across an unknown term while reading, you won’t have to look up a dictionary or Google anything because this book is an all-in-one package.

Cryptoassets: The Innovative Investor’s Guide to Bitcoin and Beyond by Chris Burniske and Jack Tatar

This book, despite its title, is really focused on blockchain technology. As the name implies, its primary goal is to describe how cryptocurrencies developed and why they reached their current heights.

It’s worth noting that, unlike other publications that just offer developer-centric information, the author has made it a point to connect investors with a broad understanding. Moreover, it is reflected in the amount of depth this book goes into while explaining price fluctuations resulting from demand and supply imbalances.

It also benefits from being easy to remember since the book begins with “WHATs” of the Bitcoin and blockchain industries.

Attack of the 50 Foot Blockchain: Bitcoin, Blockchain, Ethereum & Smart Contracts by David Gerard

Blockchain technology is gaining steam at a breakneck speed, and to get here, it requires a long road. This book does not only cover the history of these events but also takes a critical look at each one of them.

The book also covers some of the major occurrences, such as Bitcoin’s debut and the cryptocurrency bull run that occurred at the intersection of 2017 and 2018 and ICOs’ growth (and how it came to an abrupt halt). However, perhaps the most important and useful part is where the author discusses how essential blockchain technology can be utilized in many industries. He employs Ethereum’s smart contracts to provide a comprehensive picture in this area.

Mastering Blockchain by Imran Bashir

In addition to covering the basics, this book, such as blockchain’s technical foundations, cryptography, and consensus protocols, gives you expert insight into decentralized systems, Ethereum-based decentralized application development, Bitcoin alternatives, smart contracts, and alternative blockchains.

In addition, you’ll learn how to apply blockchain technology beyond cryptocurrencies. Such as the Internet of Things with blockchain, blockchains scalability, corporate blockchains, and tokenization via blockchain. You’ll also look at how this fascinating and disruptive technology will develop in the future.

You’ll know everything there is to know about blockchain technology by the conclusion of this book, and you’ll be able to apply it to a wide range of real-world situations.

Cryptocurrency Investing For Dummies by Kiana Danial

While the cryptocurrency market is notorious for its volatility—which frequently reflects the industry’s ever-changing regulatory climate—the entire cryptocurrency market is anticipated to reach a total value of $1 trillion by the end of 2018. This book explains how you can get involved if you want.

Kiana, a financial advisor and author of the Dummies Guide to Cryptocurrency Investing, helps you navigate the new digital finance environment and pick the best cryptocurrency for different scenarios. With real-world examples demonstrating how to optimize your cryptocurrency wallet, she’ll show you how to deal with it.

Blockchain For Dummies by Tiana Laurence

She provides a quick approach to getting up to speed with the basics of this quickly evolving technology in Blockchain For Dummies. This book is meant to assist individuals who need to understand what a blockchain may and cannot accomplish since she has previously worked on establishing and analyzing blockchain solutions.

The updated version of this book explains how a blockchain keeps data from different networks safe. It explores several well-known blockchains, including those that power Bitcoin and other cryptocurrencies. It also discusses how blockchain technologies affect financial services, supply chain management, insurance, and government sectors.

The Everything Guide to Investing in Cryptocurrency by Ryan Derousseau

Ryan has been published widely in Fortune, Money, CNBC, BBC, Fast Company, and US News & World Report, among many other national publications, with over a decade of expertise writing about investing. Since the early days of this technology, Ryan has been interested in cryptocurrencies. In 2013, when most people thought bitcoin was just a strange currency used by hackers, Ryan first started looking into it.

Investors must be more cautious as the price of Bitcoin fluctuates and news stories about cryptocurrency hackers rise. Understanding the dangers and benefits of cryptocurrency is critical for anybody who wants to profit from this exciting new form of investing.

The Everything Guide to Cryptocurrency Investing is a trustworthy and comprehensive guide that will assist you in navigating the exciting realm of e-commerce with confidence.

Mastering Ethereum by Andreas M. Antonopoulos

Ethereum is a worldwide, decentralized computing paradigm that allows you to create decentralized apps (DApps) and smart contracts with no single points of failure or oversight, connect to a payment network, and operate on an open blockchain. Antonopoulos and Wood guide you through developing smart contracts and DApps on Ethereum and other virtual-machine blockchains in this useful book.

Find the reasons why IBM, Microsoft, NASDAQ, and hundreds of other businesses are investing in Ethereum. This essential tutorial teaches you how to build the abilities you need to be an innovator in this fast-paced, exciting new market.

Bitcoin Billionaires by Ben Mezrich

After their Facebook stock settlement with Mark Zuckerberg and their place in crypto history, the real story of the Winklevoss Twins is told by Bitcoin billionaires.

This is the story of how the Winkelvosses, who made their money on Facebook, tried to become venture capitalists before learning about a new concept called cryptocurrency. The Winkelvoss twins became the first Bitcoin millionaires by November 2017.

“This is a fun and light-hearted cryptocurrency book,” says the crypto book’s description on Wallet. “If you want to learn more about what took place in the early days of crypto, this book is for you.”

Blockchain for Babies by Chris Ferrie

With the next installment of the Baby University board book series, you may help your future genius become the smartest kid in the classroom by exposing them to blockchain technology.

This is the ideal book to teach complex ideas simply and interestingly. It’s full of scientific facts from central authorities and is the ideal text to convey complex topics in an easy approach.

Blockchain for Babies is a simple yet colorful introduction to Bitcoin’s technology for scientists of all ages. It’s never too early to start becoming a scientist.

The Business Blockchain by William Mougayar and Vitalik Buterin

Blockchains are a new technology layer that revolutionizes the Internet and is on the verge of upending existing legacy structures and centrally operated businesses.

A blockchain adds trust to the network by eliminating intermediaries that would otherwise fulfill that role and innovatively disrupting how they operate at the same time. Blockchains are the ultimate non-stop computers in a figurative sense.

They are a type of blockchain that maintains an identical record of the transactions stored in its blockchain, making them very resilient. Once launched, they never go down and provide enormous resiliency, making them ideal for running next-generation decentralized apps and software systems.

Unlike other books on the subject, The Business Blockchain delves into the elements of the blockchain to advance our understanding of it.

Conclusion

It’s a shame that so many individuals have stopped reading books, especially those new to technology because they believe they can master everything there is to know about it with a few hours of online instruction.

You can’t master new technology by studying hands-on abilities only; the information on the internet is scattered, and you can’t be a god of new technology by learning without experience. In reality, it is strongly suggested that you read books to acquire knowledge logically and learn about the entire field rather than simply skimming through bullet points in a random video.

You can find all our recommendations on Amazon. Please indicate any additional titles in the comments, and always be cautious in the blockchain world.

Meet investors, Blockchain and crypto enthusiasts, a talent pool of developers and programmers  as they solve three Blockchain challenges over two days in Berlin. Here is why you should be a part of LongHash Cryptocon Vol2.

Berlin has been recognised as the cryptocurrency capital of Europe for more than half a decade. The city emerged as one of the first in Europe to accept digital currencies back in 2013 and the crypto revolution is now backed by over 100 blockchain companies based in Berlin. Jasmine Zhang, CEO, LongHash Germany, which is organising its second Blockchain Hackathon (part of LongHash Cryptocon Vol2) in the city on May 18-19 this year, rightly puts this in perspective, “Berlin, as many people have commented already, is a great place with infrastructure and talented, international people. We would like to leverage the strength and expertise we have from the East, and bridge with the West to make a positive impact on blockchain ecosystem. Our aim is to further accelerate the understanding and development of blockchain technology globally.”

LongHash is a platform for accelerating the development and understanding of Blockchain technology. LongHash incubators provide a full-range of support for start-ups working on blockchain-related projects.

As an early-stage blockchain investment and incubation firm, Longhash supports its portfolios long-term. Zhang says, “We are hosting different events including hackathons worldwide, like in Germany, Japan, Vietnam since last year to help their ecosystem grow. This edition’s three projects come from U.S, China and Germany with big potential and a healthy, strong developer community is what they are seeking at the moment and this belongs exactly to the post-investment management that LongHash is providing.”  

Back in Berlin:  With more challenges and ETH prizes for developers and Blockchain Geeks

The first edition of the Hackathon was last year during The Longhash Crypto Festival Berlin, which took place between October 26 and October 29 and promoted innovation among programmers, attracting participants from Asia, eastern Europe and the US. And this being the second edition, the competition will be more challenging yet rewarding at the same time. Winners of the second edition of hackathon have an opportunity to win upto 30 ETH equivalent prizes. Here is a look at the categories:

• Cybex Prize: 5 Eth
• MXC Prize: 5 Eth equivalent amount of MXC Token
• Taraxa Prize: 5 Eth

On top of this, one chosen winner will be  awarded Euro 2,000 equivalent amount of VET powered by VeChain and more prizes are to be announced soon!

The challenges have been carefully designed considering the needs of the Blockchain ecosystem and where the innovation is most desired. Here is a look:

Challenge 1: How to implement an Algo Order in Cybex Dex？

Cybex.io is a blockchain based decentralized exchange that supports crypto trading. When a user has an intention to perform a large trade, it is useful to have an algorithm to split the order into smaller slices and trade it over a longer period. This feature is referred to as ‘Algo Order’ and is widely adopted in regular exchanges.

In decentralized exchange, each sliced order must be signed by the user’s private key. This provides a new challenge to algo orders. In order the place orders automatically, while keeping the private key safe, a user typically has to write its own program and run it in its own machine. This makes it difficult for normal users to use algo orders due to the lack of programming skills.

Design a solution that allows a normal user to execute and manage algo orders.  

The following are some basic Algo order types:

• TWAP :http://empirica.io/strategies-catalog/twap
• VWAP :http://empirica.io/strategies-catalog/vwap
• Iceberg:https://www.investopedia.com/terms/i/icebergorder.asp

The solution should be using Cybex API, which is available at the following locations:

• Cybex API server documentation: https://apidoc.cybex.io
• Sample program to place an order:https://github.com/CybexDex/cybex-python

Solutions will be graded on :

• User interface friendliness
• The ideal solution should be easy enough to attract people without programming skills
• Security
• As trading involves using private key, the management and storage of the key is a crucial consideration.
• Framework Coding quality

Challenge 2: How do we automate the Smart Machine Bidding procedure for the LPWAN devices in order to reduce the costs of an IoT network?

MXC foundation focus on connecting Low Power Wide Area Network (LPWAN) technology with the blockchain as an infrastructure for Internet of Things (IoT). MXC automates machine-to-machine (M2M) transactions and provides a device data economy. The pricing policies of data transmissions through gateways in LPWAN are determined by MXC Smart Machine Bidding (SMB). In the SMB, based on the bidding strategies provided by the device owners, and the gateway owners, the payments for using downlink / uplink LPWAN resources will be determined.The following parameters are set by the device in bidding strategies of the SMB:

• max_bid: the maximum bidding price defined by the device owner shows the upper payment threshold of the device (in MXC tokens) for the downlink request.
• max_delay: this parameter defines, under certain circumstances, the maximum acceptable_delay (in seconds) for the packet to be sent. If max_delay is reached, the packet will not be sent and the cloud will notify the client about the rejection of the downlink request.
• accepted_delay: the tolerable delay defined by the client (or device owner) to indicate the time period a packet is willing to wait for the lowest possible price.
• Lowest possible bidding price is the current lowest bid of the available gateways for the device.

Each gateway provides a value on using its resources called min_bid. The device in order to use the gateway downlink resource, should bid at least min_bid value. If multiple devices in a same time wants to use a downlink resource of a gateway, the one which define more max_bid will be the winner. More details about bidding procedure are provided in MXC Smart Machine Bidding white paper (available in the repository stated below and the MXC website). Based on downlink / uplink data flow of the device owners and their requests, MXC cloud can provide data driven automated smart machine bidding.  max_delay parameter is mainly related to the application and the priority of the data which is known by the device owner/client and is defined by the requirement of the provided application by the device.

On the other hand, accepted_delay, and max_bid parameters should be provided by the device owner (or the client) in some way to make a balance between the priority of the related uplink/downlink data and the corresponding data transmission cost. These two parameters (accepted_delay, and max_bid) can be automatically provided for the device owner to make this balance. Your task is to develop an automated solution (e.g. based on Machine learning methods, dynamic algorithms or greedy algorithm) which provides near-optimum value for accepted_delay and max_bid parameters to reduce the total cost of the LPWAN for the user.

In the input file, you will receive max_delay, payment limit which the data owner wants to pay in total (for all of the transactions), and the downlink resource usage history of the device and other devices. Your program (preferably in Go) will be evaluated by output efficiency (based on the test cases of LPWAN data simulation), and solution explanation (provided in your documentation). Note that you can provide multiple solutions and do the implementation as much as you want/can. A sample input file and its details will be provided in the below repository:

https://gitlab.com/mxc-hackathons/smb

Challenge 3: How to implement an anonymous data collection scheme that allows the manufacturer to anonymously collect data from its end devices without knowing exactly which device it came from?

Data privacy and security has become an increasingly urgent concern worldwide. Large corporations cannot simply collect data from its end users without their knowledge or explicit consent. However, it would be nice if a manufacturer could still collect data generated by its devices without user consent, but do so in a way that’s cryptographically-guaranteed to be anonymous. In this scenario, the manufacturer would like to collect data from anonymous devices, but it would want to be sure the data it’s receiving is not garbage and is guaranteed to have come from a device it has manufactured. The end user would not mind that its device’s data is being harvested as long as it is impossible to trace that device’s data directly to the end user’s identity.This problem is broadly defined as direct anonymous attestation, and more narrowly defined as a membership proof. An earlier paper (https://infoscience.epfl.ch/record/128718/files/CCS08.pdf ) had been published with an open-source implementation published ( https://github.com/ing-bank/zkproofs ).

Assumptions :  We assume that the manufacturer has embedded within each device it made with a pair of asymmetric encryption keys, and that hacking the device on-premise to obtain these keys is prohibitively expensive to do. We further assume that the manufacturer is willing disclose the public keys associated with all of its products to the open.

The challenge: HOW to implement an anonymous data collection scheme that allows the manufacturer to anonymously collect data from its end devices without knowing exactly which device it came from?

• A device can prove to the manufacturer that it is indeed one of the devices it has created
• The manufacturer will construct a temporary X.509 certificate so that a proof does not need to be provided every time, temporary because the end user might want to stop even anonymous data collections

Bonus:

• Manufacturer & device both anchor the challenge & proof onto the blockchain
• Device anchors its data transmissions onto the blockchain with the temporary certificate

Does this interest you as well? Apply here for the Hackathon before the 12th of May – the event is free for all developers. Also, there is more. If you are a developer or aspiring entrepreneur in the blockchain/crypto space and  want to know about the investment perspectives from Top Asian & European Funds in the Blockchain segment or business use cases in real word adoption, get your free tickets for Hash Talk which will be an afternoon-long summit focused on discussions and creating insights on investment, business, and tech in blockchain curated and brought by LongHash Germany. More details here.