Blog: Lisk Highlights Weekly roundup March 30th to April 12th, 2019.
Hello everybody. The LISK project and it’s enthusiasts are always busy, and the two weeks past has certainly been no exception.
Seeing is believing, so here is a recap of the highlights and interesting items from the past two weeks within the Lisk ecosystem and beyond…..
Lisk sidechain project’s representatives are busy networking and making connections.
In these days of sideways action in the crypto market many of us are watching the charts and refreshing Coinmarketcap regularly for any signs of upward action; fixating only on the tokens we hold. It is easy to forget that there are projects that have not even launched yet that are putting in the work behind the scenes to ensure strong links are forged with complimentary projects and partners. Co-operations that can have the added bonus of a powerful lift-off for their burgeoning token once the connected project is being built, especially if being built during a revived bull market. Take for example MADANA, the platform for data analysis using Blockchain technology that allows participants to get in on the data market with their own data, whilst simultaneously preserving their privacy by design…..
On April 11th , Christian Junger, CEO & Co-Founder of the MADANA project and Didi Lace, MADANA COO & Co-Founder were on the ground at the hub.berlin festival. This is an interactive business festival for digital movers and makers to discuss, shape and experience digital transformation. While there they met up with member of Aircloak; a German company whose ultimate goal is to create value for society by enabling responsible use of personal data. With a tagline of “Share Insights, not Data”, Aircloak’s patented technology is based on years of research and international collaboration, and is already in use at several European companies. Sounds like a good match for MADANA to me! I am sure Christian and Didi mentioned to the CEO and Managing Director of Aircloak, Felix Bauer, how both of their projects are basically working towards the same goal, and maybe they discussed how they could supplement as well as support each other in the future.
In another part of Berlin and a day earlier on the 10th of April, Eugen Salkutzan, Community Manager for MADANA, spoke at the OKEx exchange C2C Launch Event. OKEx, one of the world’s leading digital asset exchanges hosted the event as the only German stop of the OKEx C2C Launch Events across Europe. In view of the fast-growing digital asset community in Germany, OKEx has launched the C2C (customer-to-customer) fiat-to-token trading service for the European Union (EUR) on its platform, filling the high demand in the global markets, and at the same time driving blockchain adoption globally. On April 11, 2018 the company (like many others in crypto) announced its expansion to Malta, given that country’s efforts to provide a sound regulatory framework for blockchain businesses and digital asset exchanges.
Eugen had the third speaker slot at the OKEx Launch event, where he presented the MADANA project, giving the audience a summary of MADANA, what they are doing and where they are heading, especially under the spotlight of their upcoming cryptocurrency, PAX (Privacy Analysis Exchange Coin). He was part of a speakers panel that included Lenka Hudakova — Community Lead Europe of MakerDAO, Simon Schwerin — Managing Director of XAIN Foundation, Alexander Bugaj — Strategy Manager for Lition, and Philipp Pieper CEO and Co-founder of Swarm Fund. Lots of influencers and decision makers to connect with there, and that is even before Eugen got to speak with the massed audience.
So the MADANA representatives are definitely out there putting in the legwork; making connections and alliances that should benefit them in time. Let’s hope it all bears fruit for them, and in turn the Lisk project and both their respective communities.
Lisk Sidechain Project’s tech featured on Hackernoon.com
As a beginner, jumping into a new machine learning project can be overwhelming. The whole process starts with picking a data set, and second of all, study the data set in order to find out which machine learning algorithm class or type will fit best on the set of data. An article published yesterday on Hackernoon.com by Michiel Mulders dealt with this initial stumbling block and provided a series of five example projects that will teach you how to use ML algorithms, tune them, and analyze the given data. The piece was titled “Top 5 Machine Learning Projects for Beginners”.
GNY the project from the team bringing Machine Learning to Lisk in the form of the LML sidechain (Lisk Machine Learning) featured for its ability to offer businesses an affordable way to unlock hidden value in their data while maintaining tight security. As the article stated, “the machine learning platform is actually embedded within a blockchain, so a user’s data is protected from potential hacks”. The inherent structure of a blockchain helps to control data consistency and allows a user to remain in control of their data.
Writing about the recent video demonstration of the GNY codebase, showcasing the first ever successful integration of a machine learning platform into a Dpos network, Michiel Mulders said that “this demo is a fun starter project for people who want to predict simple numbers, and the full platform launching this Summer should provide developers with much more power and customization.” The video demonstration spoken about can be found HERE and its accompanying step-by step-instructions for how to set up the system on your computer are HERE.
Other projects and datasets included in the Hackernoon article included…..
The Movielens data sets for movie ratings from GroupLens, a research lab in the Department of Computer Science and Engineering at the University of Minnesota. Useful for building a recommender System in Python.
Quandl, whose source for financial, economic, and alternative datasets, serving investment professionals can be used to predict future prices using fundamental and technical indicators.
You can read the full Hackernoon article HERE. If you have the time please clap up the article to show your support for a future Lisk sidechain.
Lisk’s Tech Evangelist features on Hackernoon as a follow-up to her podcast interview.
Tech Evangelist for the Lisk project, Rachel Black, spoke with Chris Ward (aka Chris Chinchilla) on the “Weekly Squeak” podcast towards the latter part of 2018. Now in his first blockwatch of 2019 Chris recaps the interview and writes about where he thinks the Lisk project is at this time in the market. He reckons that “while the current cryptocurrency bear market isn’t great for tradable tokens right now, it is providing Lisk the opportunity to make some serious progress, that’s because more devs + fewer traders = an excellent time to develop.” Another point he made was that “the Lisk team differ from many others in their space because they have a big focus on accessibility and have been working hard to create an ecosystem that’s both useful and usable for developers.”
You can read the full Hacknoon piece HERE.
After 15 years as a developer Chris Chinchilla now podcasts and blogs as he “loves to explain cool tech to the world”. His 2018 interview segment with Rachel was fast moving, friendly and conversational. However Chris pulled no punches with some of his questions and pressed Rachel on a lot of issues that the Lisk community commonly inquire about. Rachel performed really well when faced with this line of questioning. She was honest and upfront regarding what Lisk is and isn’t, it’s progress, and it’s future. You can listen the interview titled “Developer Relations and Tech Evangelism With Rachel Black of Lisk” HERE. Rachel’s segment starts from about 16.30 in, and it is well worth a listen.
Lisk Sidechain Project’s Tech is Named a Top 10 Artificial Intelligence Solution for 2019 by Retail CIO Outlook Magazine.
Retail CIO Outlook is a US based print and online publication that covers various enterprise solutions which can redefine the retail business goals of tomorrow. The magazine aims to bring their readers the latest trends in the industry on the most happening solution providers, and allow high level executives across industries to share their insights. Their April edition of the magazine looks at the Top 10 Artificial Intelligence Solution Providers — 2019, which are at the forefront of delivering distinct AI-powered solutions to retailers. A distinguished panel comprising of CEOs, CIOs, VCs, and analysts, along with the editorial panel of Retail CIO Outlook have selected the Top 10 Artificial Intelligence Solution Providers, and GNY.io the project from the team bringing Machine Learning to Lisk in the form of the LML sidechain (Lisk Machine Learning) has featured.
The magazines coverage listed some of the elements of the GNY tech that enabled it to place within the top ten.
(1): As a self-learning cognitive engine, GNY is capable of predicting consumer purchase behavior and assisting companies in targeting buyers with personalized offers for desired actions.
(2): The platform can be connected seamlessly with the retailer’s POS or CRM system and be fed with the data about consumers.
(3): It can predict what customers may buy next. Not just the power to trace loyal customers, but retailers can also send personalized messages across various channels like e-mails, push notifications, and apps to influence a purchase.
(4): In implementation tests the GNY tech when utilised by a media company was able to increase user interaction and also raise subscriber count by 120%.
(5): Gny’s machine learning platform is capable of recording, maintaining and processing consistent data securely without leaving the chain, making it secure and unhackable. The world’s first truly decentralized machine learning platform within a blockchain.
We can look forward to this tech coming in the future to the Lisk ecosystem in the form of Lisk machine learning. With this I can see the GNY team focusing on enhancing their technologies further and helping their customers reap even more benefits.
You can keep up to date and discuss all the latest LML and GNY developments by following their Telegram.
Lisk HQ and one of its sidechain project’s offices are both visited by a Chinese delegation.
On Tuesday, April 23rd, Mat Piaggi (Lisk Community Lead), and Jacob Kowalewski (Lisk Business Developer), played the role of genial hosts to a delegation of Chinese journalists and business representatives. They were in Berlin to learn more about the Lisk project and its wider eco-system. They spent the first half of the day at Lisk HQ then later in the day they headed over to MADANA HQ. Their hosts at this Lisk sidechain dealing with data analysis were Christian Junger, (CEO & Co-Founder), Dieter Schule (COO & Co-Founder), Eugen Salkutzan (Community Manager), and Dennis Gilburg (MADANA Marketing Manager). The Madana team presented their strategy and allowed the visitors insight into the workings of a German blockchain startup.
It is worth noting some of the big name companies represented within the eleven-strong Chinese contingent….
(1): Angela Tong represented Jinse Finance, one of the biggest Blockchain media providers in China. It is a one-stop blockchain industry service platform, integrating industry news, information, market information, and data.
(2): Node Capital, a venture capital company focusing on blockchain industry. So far, Node Capital has invested in many blockchain industry projects, such as news information, digital asset transactions, storage, and technology development. This includes enterprises such as Huobi, Coldlar, Bocheninc, fengwo, Jinse Finance , Lianshang Technology, Yulian, Qukuai Leida.
(3): ChainUP, a world-leading Blockchain technology service provider. They provide global digital asset trading system, wallet service system, AUROR exchange situational awareness system, public Blockchain, consortium Blockchain and other blockchain technology solutions. ChainUP team members have worked in professional technology development and operations management positions for the likes of Baidu and Huobi.
(4): Cointime, a one-stop service media platform, which integrates & aggregates blockchain news, financial information, quotations, knowledge, and communities.
(5): biki.com, a global Digital Asset Exchange based out of Singapore.
(6): Roaming Capital, a financial and investment company based in Beijing and Shanghai.
With names like this visiting Lisk and MADANA’s respective HQ’s I am sure that a whole heap of knowledge was exchanged and strong bonds were formed.
I have heard that this meeting was facilitated by Elite group through their EliteCenter Xiamen manager, Leah Liao. So, Leah should be applauded. Great work, Madame Manager!
Lisk meetup at the EliteCenter Tokyo; Secure crypto wallets, DPOS+PBFT, and Airdrops.
In the last days of April,EliteCenter Tokyo hosted a Lisk meetup for a congregation of what could be described as “junior Liskers”; basically folk just learning about the Lisk eco-system and making their first use of the Lisk hub, wallets etc. It was anticipated that 25 such Liskers were to attend, however it ended up being 30 that arrived, as some brought friends along. With Lisk delegate bigfisher present the presentation began and so the audience were lead through a comprehensive overview of how the Lisk project operates in regards to voting, dividends etc.
Following that the first guest speaker of the night from outside the Elite group was Mr Tianyu Zheng, COO of ChainBow.io. ChainBow is a multi- currency crypto wallet that also provide smart contract enhancement on BlockChain. It allows users to fully control the mnemonic and private key of the APP wallet and boasts multi-level security protection.
The second speaker was Mr. Brady Luo, everiToken Founder & CEO, who gave a detailed presentation of what everiToken is doing at present, and its future plan in Japan. EveriToken describes itself as the world’s first token-customized public chain for the token economy, and aims to provide the global infrastructure for the token economy. Of interest to liskers is that the everiToken public chain adopts the “DPOS+PBFT” consensus algorithm. That is Delegated Proof of Stake + Practical Byzantine Fault Tolerance. Essentially, all of the nodes in the pBFT model are ordered in a sequence with one node being the primary node (leader) and the others referred to as the backup nodes. All of the nodes within the system communicate with each other and the goal is for all of the honest nodes to come to an agreement of the state of the system through a majority. Nodes communicate with each other heavily, and not only have to prove that messages came from a specific peer node, but also need to verify that the message was not modified during transmission. It is claimed that one of the primary advantages of the pBFT model is its ability to provide transaction finality without the need for confirmations like in Proof-of-Work models such as the one Bitcoin employs. If a proposed block is agreed upon by the nodes in a pBFT system, then that block is final. This is enabled by the fact that all honest nodes are agreeing on the state of the system at that specific time as a result of their communication with each other.
The final speaker of the night was not physically in attendance at the venue, however he had prepared a quirky computer-animated video message that was played to all at the meetup. This was Richard Jarritt, Co-Founder and Chief R&D Officer of GNY.io, the project bringing Machine Learning to Lisk in the form of the LML sidechain (Lisk Machine Learning). After his hellos to the Japanese Liskers, Richard spoke about the team’s recently released world’s first demo of the truly decentralized machine learning platform within a blockchain. He said he believes it is going to be a bright 2019 for all involved with Lisk. He also said the GNY team are looking forward to listing both LML and GNY tokens on the newly launched EliteX Exchange, and to celebrate this upcoming occasion that he was airdropping LML and GNY tokens to everybody in the venue that night. A nice touch, and I am sure one much appreciated. Hedy from EliteX Exchange was instrumental in this and brought GNY on-board. Well done, Hedy.
Currently there are four companies working on projects in the EliteCenter Tokyo. As a Lisk incubator they also hope to attract many more projects or developers. With the release of Lisk SDK they aim to foster much more activity within the Lisk ecosystem. Seeing as how Japan is one of the pioneer countries in the blockchain and digital currency area, and how the government there also strongly supports the blockchain, Lisk has great potential to florish and grow in Japan.
A special word of thanks goes out to Zhou Zhichao, the main organiser of the EliteCenter, Tokyo, meetup, who helped me compile this piece. Zhou had this finally to say regarding EliteCenter, “In the future, we are planning to hold Lisk events every month, with the aim of attracting more Japanese Liskers and making EliteCenter a Lisker community hub in Japan.”
Lisk is nine million blocks old…… and counting.
At the end of April Lisk HQ announced that over nine million blocks have been forged on Lisk’s Mainnet so far. As they said themselves on their official Twitter account… “This is only the beginning of our blockchain!” To mark this achievement today I present you with “Nine facts about the Lisk project blockchain” (not nine million). 😀
Nine facts about the Lisk project blocks.
(1). Block generation occurs every 10 seconds within the Lisk network using a DPoS (Delegated Proof of Stake) consensus protocol.
(2). If an elected delegate cannot forge during a round, their slot will be missed and the round will be extended by 10 seconds.
(3). In order to forge a block, the node associated with the delegate inserts up to 25 transactions into the block, signs it and broadcasts that block to the network.
(4). Transactions must move from one node to all other nodes in order to be included in blocks. This process of grabbing up of 25 transactions from the transactions pool and aggregating them into a bundle is known as the broadcast queue.
(5). Broadhash consensus, which is an aggregated rolling hash of the past five blocks present in the node’s database, serves a vital function in the Lisk network in preventing forks. Block generation requires 51% of peers to maintain broadhash consensus.
(6). In order to keep the transaction pool tidy, all transactions are given a time to live. This time to live is defined as 10800 seconds, or 1080 blocks.
(7). It is possible for a delegate to forge more than one block within a single round earning more block rewards. Should another delegates node be offline during the delegate’s assigned slot then another delegate can step in and generate the block at the end of the round.
(8). If a bad actor delegate decided to exclude certain transactions in a block it would have very little effect, as the next created block will include these transactions, giving the next delegate the fees associated with validating them. It would also inevitably lead to the dishonest delegate getting voted out by the rest of the network.
(9). At the time of nine million blocks forged the fixed amount of token rewards to delegates for each block successfully generated is 3 LSK. When we hit 10,451,520 blocks that reward will reduce to 2 LSK.
That’s it for this weeks recap of the Highlights. I hope it brought you up to speed with all the good news.
These Highlight posts also go out daily on the….
The Highlights are also included in my weekly roundup on the Bitcoin talk forum’s LISK thread.
So keep an eye out for them on these outlets likewise.
Until next time….. Keep the faith Liskers! 👍