MimbleWimble testnet launched

The "testnet1" of experimental protocol of Bitcoin launched 
17 November 2017   1227

The creators of the experimental protocol called "MimbleWimble" launched test network "testnet1" and Grin tokens to search and eliminate possible bugs, reports CoinDesk.

There's still a lot of work, but it's a big milestone for us. We hope to have as many bug reports as possible, so we can start fixing issues we've overlooked. At this point, one can still expect failures that would be a complete nightmare on a mainnet.

Ignotus Peverell
Lead Developer, MimbleWimble

While developers are testing the mining and node operation, users can also connect to the Grin network by installing special software. In addition, test participants can exchange artificial Grin tokens. 

This is our first testnet, so we're testing everything that has been developed so far. That includes the peer-to-peer network, the core consensus rules, the cryptography required to run a mimblewimble chain, the wallet software.

Ignotus Peverell
Lead Developer, MimbleWimble

According to Peverell, there will be a lot of interesting features in the future, in particular, "script-free scripts", which will allow the introduction of additional functionality in Grin, including the Lightning Network protocol. It is not yet known when the full-fledged launch will take place: the team plans to enter this stage "sometime in 2018". 

MimbleWimble offers a radical reduction of the bitcoin protocol, which is not only designed to significantly enhance privacy and solve the issue of plasticity of transactions, but also provides much more opportunities to scale the network than the existing architecture.

SEC to Start VanEck-SolidX BTC-ETF Consideration

Starting today, the 45-day countdown to the SEC initial decision was launched
20 February 2019   105

For the first time since August of last year, two proposals on the creation of a Bitcoin-ETF are under consideration by the US Securities and Exchange Commission (SEC).

The application of VanEck and SolidX, issued in cooperation with the Cboe BZX exchange, as expected, was included in the Federal Register issue this Wednesday, with which the 45-day countdown to the SEC initial decision was launched. The application of Bitwise Asset Management and NYSE Arca was published last week.

I … hope that our investment in regulatory and market education, hard work and commitment will be honored when the time comes.

Gabor Gurbacs

Director of digital asset strategy, VanEck

The head of Bitwise’s research department, Matt Hogan, believes that not only firms that have submitted bids to create Bitcoin-ETFs are looking for approvals, but and the entire “extremely fast-growing” crypto industry.

A year ago there was maybe one qualified crypto custodian … and now there are half-a-dozen, and that number will go up from here. A little more than year ago, we didn’t have futures. A year ago we didn’t have nearly as many firms making markets. A few months ago, you didn’t have folks like Fidelity announced in the space. It’s evolving really, really quickly.

Matt Hougan

Global head of research, Bitwise

 As reported, ultimately, however, a bitcoin ETF approval will depend on how companies approach their proposals.