LDJ Capital Founder to Join Blockchain Lottery

David Drake, supporter of cryptocurrency investments since 2011, joined the FireLotto team
02 March 2018   760

FireLotto, fully decentralized, Ethereum-based crypto lottery platform, has announced the addition of David Drake, blockchain-enthusiast and founder and chairman of LDJ Capital.

David Drake
David Drake

Drake's investments currently have 50+ global directors that maintain relations with institutions & family offices with $1.5 trillion in assets. He has been an outspoken supporter of cryptocurrency investments since 2011, when he collaborated on the US JOBS Act to create new laws governing fundraising in the United States for ICOs.

We are honored to add Mr. Drake to our advisory board.With his vast experience and deep commitment to the future of blockchain technology, we are certain he will help FireLotto shepherd in a new age of truly fair lottery play for all.
 

Roman Demidov

CEO, FireLotto

All processes and distribution operations in the system of FireLotto platform are carried out based on smart contracts, with source code published for full transparency.

As the startup’s newest advisor, Drake joins the ranks of other high profile supporters, such as Alexander Zasypkin, General Director of GOSLOTO, Russian national lottery monopolist.

Crypto is here to stay and it’s a permanent force that’s going to be a $10 trillion market. After having underwritten and worked with 250 different funds we have finally learned how to understand and underwrite the best of the best.
 

David Drake

Founder, LDJ Capital

According to the team, FireLotto's tokensale is going great. To date, over 18 million FireLotto tokens (FLOT) have been sold, with more than 5000 investors supporting the project. The platform has already been launched, with 24/7 global lotto play in progress, and a prize pool that is expected to surpass 1100 ETH (nearly $1 million at the time of this writing) by mid-April.

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Tezos Bug to Slow Down the Network in 20 Times

The issue looks fixed now and Tezos network works in the standard transmission mode
25 September 2018   197

In the main network of the Tezos block project, a bug was discovered one week after its official launch. According to tzscan.io, on August 24, due to the vulnerability, the release time of the blocks increased from 1 to 20 minutes.

Tzscan.io
Tzscan.io

The user of the service for hosting IT projects GitLab under the nickname "Jérémie" reported on block freezing for 45 minutes. Later in Riot chat he learned that developers are aware of the problem and they are working on its solution.

Bug between the baker and the node. The two communicate over json but the json serializer incorrectly handled some control characters. Immediate fix was to patch the serializer. Medium term fix is that the baker and node really should communicate using the binary RPCs instead.
 

murbard at Reddit

Soon after the discovery of the bug, one of the developers posted an urgent fix at GitHub, which was proposed to be installed by all the bakers. Currently the Tezos network operates in normal mode, and the units are released every minute.

As of September 25, 08:00 UTC network of Tezos worked in the standard transmission mode - 1 block per 1 minute