Hyperledger announces Sawtooth Ethereum integration

Hyperledger Blockchain Consortium announces Sawtooth Ethereum (Seth), a Proof Of Concept integration
23 August 2017   6060

Ethereum developers are to have another way to build enterprise-grade implementations of the open-source technology.

Thus, on August 22nd, Hyperledger Blockchain Consortium reported that “simple” smart contracts (EDCCs) can now be deployed to Hyperledger Sawtooth using “Seth,” the Sawtooth Ethereum Transaction Family. Revealed on Hyperledger's website, a proof-of-concept called Sawtooth Ethereum, or "Seth", has been completed. The integration is to enable the use of Ethereum smart contracts on Hyperledger Sawtooth, Intel's addition to the Linux-led consortium's code.

The Seth family consists of a new client, `seth`, that is used to construct and submit transactions to the network and a new transaction processor, `seth-tp`, that runs the Burrow Ethereum Virtual machine. Thanks to the modular design of Hyperledger Sawtooth, getting the Hyperledger Burrow EVM running under Hyperledger Sawtooth was relatively easy. Transaction processors run in a separate process and communicate with the validation process over a network interface. The Hyperledger Burrow EVM code was wrapped in an adapter but was otherwise left unmodified.
 

Adam Ludvik and Casey Kuhlman
Bitwise IO software engineer and CEO of Monax, accordingly

As a result, Hyperledger Sawtooth gains an EVM implementation as well as adds plans for the following new core features among which are core and family-defined events, transaction execution receipts, batch injection, and on-chain block validation rules.

Sawtooth Ethereum (Seth) by Hyperledger  The architecture of the integration 

According to the report, the next step in the integration is enabling developers with existing web applications and smart contracts to seamlessly transition their work to the Hyperledger Sawtooth platform. As the developers claim, a major part of making this transition possible will be the creation of a `seth-rpc` server that supports the Public Ethereum and Burrow JSON-RPC interfaces.

SEC to Accuse Shopin in $42M Worth ICO Scam

The Commission believes the actions of Shopic during the ICO was the offering or unregistered securities
12 December 2019   92

The U.S. Securities and Exchange Commission (SEC) has accused Shopin and its CEO Eran Eyal of cryptocurrency cheating on investors during the initial offer of $ 42 million tokens.

According to the SEC, the actions of Eyal and his company were an unregistered offer of securities in the form of Shopin tokens.

Eyal told investors that the funds raised would be used to create a blockchain platform for storing and tracking profiles of online store customers. In addition, he lied about existing partnerships with retailers, the agency said.

The problem is that Shopin never created a system, says the regulator.

Instead, Eyal appropriated more than $ 500,000 for personal use, including a dating service.

SEC accused Eyal and Shopin of violating securities laws. The regulator requested the court to oblige the accused to return the illegally appropriated funds with interest and payment of fines. In addition, the SEC has proposed banning Eyalu from acting as an official in any offer of securities or tokens.

In a statement, the SEC also recalled that the prosecutor’s office in 2018 accused Eyal of appropriating $ 600 thousand of investor funds to his previous company Springleap.