Corda starts to work with Amazon Web Services

R3 Consortium went to the Amazon Web Services (AWS) marketplace with DLT solution
05 December 2017   937

Corda distributed ledger (DLT) platform of the R3 consortium has launched with the Amazon Web Services (AWS) marketplace. AWS users can develop and deploy own finance and commerce applications or use "CorDapps" from R3. On the marketplace Corda has become one of the first DLT solutions.

Corda is a leading DLT platform for businesses and this announcement marks a significant milestone for enterprise-grade blockchain technology. Corda’s strength comes from its vibrant ecosystem of interoperable applications, and extending the pool of potential developers to the vast network of Amazon Web Services users will spark further innovation amongst businesses building innovative DLT apps for finance and commerce.

 

David E. Rutter

CEO of R3

The R3 consortium now consist over 100 banks, regulators and technology firms. Corda removes costly friction in business transactions by enabling institutions to transact directly using smart contracts and has high privacy and security. It can be built on by third party providers which can operate and earn revenue from DLT applications and using the platform’s code and protocols.

Also earlier R3 developed Corda’s version 2.0 of Corda which adds functional to the stable core application programming interface (API) achieved in version 1.0.

Ethereum Scaling Solution Raiden to Launch Last Testnet

As noted by the developers, after implementing the new solution, the Ethereum network will be able to provide more than a million transactions per second
20 July 2018   133

On Thursday, July 19, at the Dappcon developer conference in Berlin, the last test network of Raiden for the Ethereum blockchain was launched, CoinDesk reports.

The release includes a minimal implementation of the scaling solution, which will allow the transfer of Ethereum tokens outside of the main blockchain. This is the last test phase before the introduction of technology into the core network of Ethereum.

It's the first step towards going to the mainnet. We really want people to really test this so we have a user interface, we have an API and we've created an open Github for everything they could find, so if we go hopefully bug-free on the mainnet.
 

Lefteris Karapetsas

Core Developer, Raiden

According to him, the new release represents an early implementation for the core network and contains a new rewritten code of smart contracts and payment channels that can be restored in case of unintended closure.

Also, Karapetsas urged developers to join the test network to help detect possible bugs, adding that a bounty program will be launched to encourage this activity.

The release date for the main network has not yet been assigned, but the developers intend to follow this earlier promise and launch Raiden this summer.

Karapetsas also promised to publish regular updates and code optimizations after the full release, adding that Raiden will complement other Ethereum scaling solutions that are currently being developed.

Raiden is essentially the payment channel network for ethereum, it's supposed to help us scale token transfers. The long term goal would be to have people use Raiden from a mobile device and be able to make off-chain token transfers just from their phone. That would be the long term vision, it would probably work in combination with various scaling solutions, sharding, plasma, a sort of hybrid.
 

Lefteris Karapetsas

Core Developer, Raiden

Raiden is developing from the 2015 and is written mostly on Python. The project is much like the Lightning Network. As noted by the developers, after implementing the new solution, the Ethereum network will be able to provide more than a million transactions per second.