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Deutsche Bank Exec Joins the Founders Bank Project as CEO

Vlad Poptamas

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The Founders Bank project has appointed senior Deutsche Bank executive Kenan Altunis to the role of Chief Executive Officer. Altunis will lead a team comprised of senior executives with decades of global financial services experience across banking, asset management and corporate finance.

Once licensed, Founders Bank will be a corporate challenger bank servicing the tech industry, including blockchain and other emerging technologies.

In his last role, Altunis served as Global Co-Head of the Institutional Client Group within Deutsche Bank’s Corporate and Investment Bank where he was responsible for a multi-billion-dollar revenue operation and a team of over 1000 people. He helped guide the bank’s investment banking business, dealt directly with the world’s largest institutional investors and regulatory bodies, and was a member of its Executive Committee, reporting directly to the Deputy CEO of the bank. Altunis will commence his appointment upon cessation of his Deutsche Bank commitments in early June 2019.

The Founders Bank project is developing a robust, enterprise-focused bank with the aim of redefining banking services. Altunis said, “I’m excited about this segue in my career from managing traditional banking to building a world-class corporate challenger bank. We will focus on servicing technology companies who find accessing and using existing financial services difficult and cumbersome. These will include companies in emerging technologies, such as blockchain and crypto.

Altunis will lead a multi-skilled team of senior executives unique in the industry. The group has decades of global financial services experience across banking, asset management and corporate finance at leading firms such as Deutsche Bank, Barclays, HSBC, Citibank, Bank of America, Royal Bank of CanadaBrevan Howard, KPMG, Mastercard, Amazon, Paypal and Bitpesa.

As one of the lead investors of the Founders Bank project, we are committed to developing the ecosystem and supporting infrastructure cornerstones to facilitate growth across the broader industry,” said Changpeng Zhao (‘CZ’), CEO of Binance.

 

SOURCE Founders Bank project

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Blockchain

FLETA Blockchain Platform Launched Public Testnet with Peak 15,000 TPS

Vlad Poptamas

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FLETA, a blockchain platform aiming to create a sustainable DApp ecosystem, has announced that its beta testnet has been released and its code is open to the public via GitHub. FLETA promises a new blockchain platform that is developer-friendly with long-term scalability, high throughput, decentralization, and security being demonstrated through this first iteration of its beta testnet. Recently, by adding FLETA Gateway on its mainnet, FLETA plans to enhance interoperability with other existing platforms such as Ethereum, Tron, and EOS.

The core of FLETA technology and innovation lies in Independent Multi-chain structure, its own consensus algorithm Proof of Formulation (PoF), Block Redesign, LEVEL Tree validation, and parallel sharding. Through the testnet launch, FLETA demonstrated its performances by achieving 10,000 average TPS and 15,000 peak TPS with 6 core CPU. FLETA aims to achieve 20,000 TPS along with its mainnet launch in July.

FLETA is actively working hard with one of the major issues for DApp developers, the development cost needed, which makes it as developer-friendly as possible. In addition to Go programming language, FLETA smart contract will support Solidity and C Library for developers so that developers can migrate their projects on FLETA with ease.

Also, FLETA Gateway network will satisfy the needs of interoperability of DApps by presenting a seamless transition between FLETA and other platforms. It allows existing DApps to use FLETA’s service chain which is both faster and cheaper, staying in their mainnet for exchange purposes. This helps negate any risk that may come along with the token migration process; projects have the freedom to set the transactions for free so that users can use the chain without any expenses.

“FLETA beta testnet launch marks a monumental milestone on our roadmap. The ultimate goal of FLETA mainnet is to create a blockchain system with the greatest efficiency, and to achieve a successful fusion of existing services and blockchain technology with unmatched speed,” said Paul Seungho Park, co-founder and CEO of FLETA. “DApps are key drivers to accelerate blockchain adoptions in our everyday lives. We will strive to provide the developer-friendly environment which helps entrepreneurs and developers to stay relevant and incorporate all the positive features of blockchain technology.”

FLETA’s developer-friendly property is expected to attract many developers and it makes FLETA the evolution of the smart contract space. FLETA has opened Open Developer Portal in March 2019. its mainnet is set to launch in July. Developers interested in FLETA can find its source codes on Github.

 

SOURCE FLETA

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Blockchain

Bitcoin Association’s Bitcoin SV Hackathon Finalists Announced in Lead Up to CoinGeek Toronto Conference

Vlad Poptamas

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Bitcoin Association, the leading global organization for Bitcoin business, has held the first ever Bitcoin SV (BSV) Hackathon. The first phase of competition was a virtual hackathon that took place globally over the weekend of May 4-5 with 122 individual competitors, plus another 94 joining together to form 42 teams. Their challenge was to develop a solution for BSV on-boarding issues, extending beyond on-boarding new users to the challenge of also on-boarding new developers to BSV.

The quality of entries was so high that the judges named 14, rather than the originally expected 10, semi-finalists. Now the entries have been narrowed to three top finalists. A representative of each finalist team will be flown to Toronto for the ultimate judging and awarding of 400 BSV coins (currently valued over $27,000) at the CoinGeek Toronto conference on May 30. All finalists will also have the opportunity to be considered for investment by CoinGeek founder Calvin Ayre, the technology entrepreneur. The finalists will be judged by four expert judges plus a vote by the entire conference audience, expected to be more than 250 global cryptocurrency elites. The winner will be announced at the conference’s end with 1st place winning 250 BSV, 2nd place 100 BSV, and 3rd place 50 BSV.

Jimmy Nguyen, Founding President of Bitcoin Association, explains: “We are thrilled that over 200 developers from 19 countries around the world joined the hackathon to build on BSV. We were especially excited to see the entrants’ diverse and creative range of on-boarding solutions, many of which could form the basis for successful BSV ventures. This reinforces why Bitcoin SV is the rebirth of the original Bitcoin, enabling developers to finally unleash the true power of Bitcoin’s original design, protocol, and Satoshi Vision.” Jimmy’s congratulatory video for the finalists is viewable at:

The three finalist projects are:

TonicPow – A peer to peer advertising platform enabling users to monetize their site and earn BitcoinSV directly from advertisers who can also promote their product with ease or raise money with crowd funding “Tonics.” TonicPow was developed by a Canada-based team of Attila Aros (captain), Luke Rohenaz, and Austin Rappaport.

UptimeSV – UptimeSV provides distributed performance and uptime monitoring for robust, DDoS-hardened enterprise systems that is, of course, powered by Bitcoin SV and enables anyone to earn BSV by installing an app and getting paid to participate in uptime tests for clients of the platform. UptimeSV was developed by an Australia-based team who go by the name of Demonstrandium and are led by Dean Little (captain) with Brent Bevear, and Jye Turner.

Polyglot – Polyglot is designed to be Bitcoin SV’s most intuitive way to interact with a myriad of metanet protocols through python, thus smoothing to entry path for new developers to Bitcoin SV - it’s a match made in heaven. Polyglot was developed by a New Zealand-based developer with user name “AustEcon.”

The online competition is a lead-up to popular Bitcoin event, the CoinGeek Conference, taking place in Toronto for a two-day happening at The Carlu, a historic event space, on May 29-30.

Sponsored by CoinGeek, the conference producer and popular cryptocurrency news site that supports BSV, this Hackathon is the first in a series presented by the Bitcoin Association. The association brings together merchants, exchanges, application developers, enterprises, miners and others in the Bitcoin ecosystem to advance the business of Bitcoin. It supports Bitcoin SV (BSV) as the original Bitcoin, with a stable protocol and scaling roadmap to become the world’s new money and global public blockchain for enterprise.

The Hackathon was run by nChain, a trail-blazing blockchain innovation company committed to BSV. nChain’s impressive group of R+D professionals, led by Dr. Craig S. Wright, the pioneering Bitcoin scientist, have developed a global portfolio of 700 patent applications. They are leading research into solutions to massively scale the Bitcoin SV network and enable powerful technology applications of its blockchain.

With this exciting competition and significant prize pool, the Bitcoin Association is thrilled to see what developers can build with Bitcoin SV.

 

SOURCE Bitcoin SV

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Blockchain

Marconi launches its Mainnet platform for building and scaling complex networks

Vlad Poptamas

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Marconi, creators of the first networking and blockchain protocol using programmable packets, today announced its Mainnet launch. The multi-cloud application platform provides an easy way to build and secure distributed networks and networking applications on any environment in any region using a software-based platform that runs on cost-effective commodity hardware.

Networks using Marconi can take advantage of the native developer platform to easily launch networking services, such as blockchain network security, multi-cloud and hybrid-cloud connectivity, more advanced firewalls and deep packet inspection. In addition, rather than relying on additional hardware or software to protect networks, Marconi’s Mainnet comes with security built in through low-level mutating encryption schemes that secure all connections between every network node.

To help realize its expanded vision, Marconi also today announced that preeminent cryptographer and co-inventor of public key encryption, Dr. Whitfield Diffie, has joined ts technical advisory board.

“It is encouraging that Marconi is working to add a new layer of security and privacy to the blockchain and Internet ecosystem into its mission,” said Diffie.

The Marconi team, which previously built and scaled networks for many of the world’s largest technology companies like Google, Microsoft and Intel, recognized first hand how inefficient current network-management applications were and wanted to build a solution that helps businesses of all sizes manage infrastructure. Currently, infrastructure teams at most organizations rely on expensive, inflexible hardware-based appliances to secure, manage and scale their networks. However, Marconi’s Mainnet gives greater functionality and agility through a software-based networking platform for corporate or distributed networks that don’t require proprietary hardware or software.

“When building and scaling data centers and networks for thousands of devices at Google, we often needed thousands of networking appliances just to support the devices. Each network appliance had to be a specialized piece of hardware that was not only expensive, but difficult to update and manage”  said Jong Kim, chief architect for Marconi. “With the Marconi Protocol, you don’t need deep networking expertise or specialized hardware to set up a robust and flexible network, and you surely won’t need to buy new hardware when you want added functionality.

Marconi’s Mainnet today comes with many applications that are documented and work out of the box, including:

  • multi-cloud deployments that enable network administrators to leverage unique features, regions and pricing of different cloud providers;
  • firewalls for securing traffic on a blockchain network from suspicious activity
  • secure gateways to preserve the anonymity of online activity whether that’s crypto transactions and staking or even just basic internet browsing

 

SOURCE Marconi

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