Truffle to Leave ConsenSys, Receiving $3M Financing

The founder of ConsenSys, Joseph Lubin, will join the board of directors of Truffle
30 April 2019   771

The creators of the popular Ethereum developer tools called Truffle Suite, separated from their parent company ConsenSys, receiving from it $ 3 million of funding to focus their efforts on meeting the needs of corporate clients, Forbes reports.

Under the terms of the agreement, the founder of ConsenSys, Joseph Lubin, will join the board of directors of Truffle. The project intends to use the funding received to create a “enterprise-grade suite of blockchain development tools" and to attract new employees.

In the future, Truffle will work with Axoni, supported by Goldman Sachs and JPMorgan. Together, they will work on a product called AxCore, which will be used by the Depository Trust and Clearing Corporation to process transactions for $ 10 trillion per year. Even before the start of the official collaboration, Axoni used Truffle’s public tools.

Enterprise adoption is finally happening because the maturity of our space is finally advancing to a level where enterprises can capitalize. Not only that, but they have the funds to invest into making this the experience that it should be, the technology that it should be.
 

Wes McVay

vice president of partnerships, Truffle

In the near future, Truffle may name the names of its institutional partners. In addition, it plans to integrate its solutions into Quorum from JPMorgan, Hyperledger Sawtooth from Intel and other blockchains targeted at corporate users.

Great Chinese Firewall to Block ETH Explorer

Looks like it's the first time that a blockchain observer (etherscan. io in this case) has become a target for Internet censorship in China
04 December 2019   97

The Great Chinese Firewall, used by the authorities to regulate access to foreign sites, blocked etherscan.io, one of the most popular services for viewing the statistics of the Ethereum network.

According to CoinDesk, as of early December, the portal is not accessible from IP addresses in mainland China. According to the service greatfire.org, blocking has been carried out at least since October 30.

Presumably this is the first time that a blockchain observer has become a target for Internet censorship in China.

This is another instance of friction between the decentralized and immutable technology of blockchain and the tightly controlled, centralized government of China. We should expect additional problems like these in the future as blockchain is integrated further into the Chinese economy and daily life.
 

Matthew Graham

CEO, Sino Global Capital

In his opinion, we should expect similar problems in the future, since the blockchain is increasingly being integrated into the Chinese economy.

It is not known exactly what caused etherscan.io to become blocked.

Last year, it was reported that users encoded censored articles in an Ethereum transaction and shared the hashes of these transactions in the WeChat messenger using etherscan.io.

Some have used this feature to post sensitive messages without the need to worry about the message being blocked or removed, or their identity being exposed. Anyone with a blockchain explorer like Etherscan can view these messages, so it is not surprising that this website has come in the crosshairs of internet censors.
 

Matthew Graham

CEO, Sino Global Capital

The founder of etherscan.io, Matthew Tan, confirmed that the site in China has been blocked "for the past three months." He could not name the exact date and reason for what happened.