Ethereum Classic releases Mantis client

Ethereum Classic developers has announced the release of Mantis client beta version
10 August

Grothendieck Team from IOHK has announced the release of Mantis beta version - an Ethereum Classic based client with a command line interface built specifically for the Ethereum Classic community.

According to the developers, there are several reasons for the Mantis development:

  1. IOHK wants to demonstrate that it has the technical competency and culture to be a leader for the development of ETC.
  2. IOHK wants to dispel the myth that ETC is a “copy and paste” coin that uses other people’s code, and show that it is an independent and viable alternative to Ethereum.
  3. The client is built in Scala, which is a functional programming language that offers security guarantees that other languages do not.

There were four functional milestones the company has been working on:

  • Blockchain download
  • Transaction execution
  • Command and query interface
  • Mining integration

Among the main properties of the release, the developers note Mist Integration; its multi-platform (the client had been tested on recent versions of Linux - 16.02, Mac OS - El Capitan, Sierra, and Windows -10, 8); testnet and private chain support and documented client configuration.

The developers draw attention to the fact that as this is not yet production ready and has not been optimized for performance, anyone using the beta release of the Mantis client should be using it on a testnet only and not with actual funds.

Though Mantis is still considered as “beta” software and the developers warn against using it with real funds, this represents an important move forward for the currency as up until now Ethereum Classic hadn’t significantly differentiated itself from its parent, Ethereum. The Mantis release shows that Ethereum Classic’s developers are indeed hard at work on their project. As Ethereum Classic’s development begins to diverge from Ethereum’s, it’s clear that Ethereum Classic is no mere clone. 

The Mantis release

Gibraltar launches license for firms using blockchain

The license would formally recognize the use of blockchain records as an accepted mechanism for transmitting payments
14 December

The Gibraltar Financial Services Commission (GFSC) will introduce the world’s first bespoke license for fintech firms using blockchain technology from next month in in attempt to attract start-ups.

The license is the first of its kind and would formally recognize the use of blockchain records as an accepted mechanism for transmitting payments, paving the way for broader adoption.

This is the first instance of a purpose-built legislative framework for businesses that use blockchain or distributed ledger technology.

 

Nicky Gomez

The head of risk and innovation, GFSC

GFSC will publish guidance on Friday for applying its new law for firms that use blockchain to “transmit or store” cash and assets belonging to others - much in the same way as a bank is authorized.

According to Nicky Gomez, Gibraltar expects firms numbering well into “double digits” to seek authorization after the new rules come into force on January 1. Firms will have to treat customers fairly, and must have adequate IT systems and controls to comply with anti-money laundering and terrorist financing rules.