P2P-platform for ETH trading opened

Localethereum, a P2P-platform for Ethereum cryptocurrency trading, opened
25 September 2017   1218

After a year of rigorous development, a new P2P-platform localethereum.com opens for registration, the project blog says.

As the team claims, they are giving away "hundreds of thousands of dollars in fees to give the marketplace a kick-start".

Localethereum is a secure peer-to-peer marketplace where the user has complete control over their funds and trades. The company argues that it is helping to make Ethereum more liquid by allowing traders to side-step the frustrations of centralised exchanges which are infamous for locking-up or losing customer funds.

All ether deposited into localethereum is sent to a client-side-encrypted wallet. This wallet lives entirely in the browser and the staff can never touch the funds. When trading with another user, messages are end-to-end encrypted using a secure algorithm, and escrow is performed with a smart contract between the two parties, as detailed by the team. 

localethereum.com website localethereum.com website

On the home page of the website there's a message about the opportunity to register an account. It is also reported that the first three months of trade will be carried out without commissions. The start of trading is scheduled for October 21st.

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   134

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.