Lisk Core 0.9.15.: Hard fork after faulty transaction

On 2 June, the Lisk network came to a brief standstill. In the early morning hours of 2 June, someone had smuggled a transaction with the wrong time stamp into the LISK chain. However, the Lightcurve team was able to solve the problem quickly with a hard fork.

Max Kordek told BTC-ECHO about the Bitcoin secret:

“The most important Bitcoin secret right now is that we were able to quickly identify the problem, find a solution and bring in two Lisk Core updates. One to address the problem and the other to prevent similar problems in the future.” Read more about it:

On Saturday morning there was a lot going on in the offices of the Lightcurve team of the Lisk Foundation (What is behind Lisk?). The Lisk chain worked, but not properly: Most of the new blocks were simply empty. Moreover, they were only in memory and not in the database. In the meantime, a transaction with a wrong time stamp had crept in, which ultimately brought the entire chain to a standstill. However, the Lightcurve team was able to locate and fix the problem relatively quickly.

New fork, new luck

When the Lightcurve team noticed that they needed the Lisk Core 0.9.15 release to prevent such transactions in the future, they briefly asked the exchanges to freeze all transactions. The team then successfully tested the new version on the test net before transferring it to Mainnet:
“To get a smooth upgrade of the entire network, we had to do a hard fork.” (What is a hard fork?). The new release was then placed on one of the Mainnet nodes. For a short time, the parameters were changed to an earlier version so that retroactive synchronization could take place without the harmful transactions.

On Saturday afternoon the official version Lisk Core 0.9.15 was released and the delegates in the network were able to update their nodes.

So far, so good. The timestamp problem was solved. But the root of the problem still had to be tackled by the team – Lisk Core hadn’t found the exact bug yet. Accordingly, the Lightcurve team sent the Lisk Core 0.9.16 version directly behind.

In the future, it will be used to fix such bugs and prevent new blocks from being created at all if there is a bug in the system.

Interview with Max Kordek from 23.02.2018:

LISK (LSK) Relaunch | Interview with Lisk CEO Max Kordek
Watch this video on YouTube.
The Lisk rate (LSK) is currently (06.06.18 12:00) at 7.55 Euro per LSK. In the course of 24 hours this is a loss of almost 4 percent, in the course of a month a loss of 28.9 percent. Within a week, the share price recovered slightly – here it is up 0.52 percent.

Now also MailChimp: Marketing platform places itself against crypto currencies

After various social networks, MailChimp is now also taking a stand against crypto currencies and ICOs. The well-known marketing and newsletter platform would like to counter with it the excessive fraud attempts in the industry. However, there are more and more accusations that significantly more than ICO advertising is censored.

Discussions about crypto trader currencies via Mailchimp ok?

After Facebook, Twitter and Google, MailChimp is now also positioning itself against crypto currencies like this MailChimp is a solution that various companies use to manage newsletters. Using a web-based crypto trader platform, newsletters can not only be created, but also managed, analyzed and configured.

The SaaS company based in Atlanta is one of the most successful in the industry. In 2016, MailChimp was ranked 7th in the Forbes Cloud 100 list.

On February 29, MailChimp is said to have changed the Acceptable Use Poliy. In these changes, the company has stated that it will

“Companies involved in the process of purchasing, transaction, exchange, storage, marketing or development of crypto currencies, virtual currencies or other digital assets as part of an ICO are prohibited from using MailChimp to advertise these activities”.

In a nutshell: If someone wants to make money with ICOs or blockchain products, MailChimp will turn against them. In this way, the company does not want to turn against the blockchain, but only to prevent fraud, as they say.

MailChimp stressed to the magazine Futurism that a discussion about blockchain and crypto currencies does not fall under this new regulation. So if digital media were to send information about crypto currencies via MailChimp, that would be okay – as long as the digital medium is not involved in the above-mentioned activities.

The perception in the cryptoscene is different: Andreas Antonopoulos pointed out that two newsletters that did not advertise ICOs or stock exchanges had been censored in the meantime. Evan Van Ness, editor of the newsletter “the Week in Ethereum”, complained passionately about the censorship and accused MailChimp of hating the blockchain. The ETC Devteam and Cryptocurrency Jobs also complained of censorship of their newsletter.

Fraud prevention or Web 2.0 vs Web 3.0?

As already written elsewhere, various fraudulent ICOs measures were to be expected. Surely no one would miss the hundredth advertising bot on Facebook, which fills the comments with “Anyone as excited about Crypto as I am? Facebook already showed, however, that such bans can be enforced very broadly, so that even reasonable information services have a hard time with sponsored posts.

MailChimp’s move is even more radical than the censorship of Facebook or Google. In the latter cases there is no radical censorship. The content can still be found on the social network or via the search engine. MailChimp’s policy, on the other hand, is a step in the direction of censorship.

Since various companies of integrity in the blockchain sector have meanwhile suffered from the censorship measures of the above-mentioned companies, some see behind it an attack by centralised Web 2.0 on decentralised Web 3.0. Such accusations cannot be dismissed completely, but it is still too early for such accusations.

In any case, it is clear that a look at alternatives to the companies mentioned is advisable.

Blockchain Ecosystem Singapore: What Remains After the Blockshow Asia

We travelled to Singapore for you to the Blockshow Asia conference to learn more about the Blockchain adaptation in Asia and to see what the large-scale Blockchain conference is really about.

We were invited by Cointelegraph to report on the Blockshow Asia as a media partner on 29 and 30 November, which will not stop us from addressing criticisms in the following. The venue, the Resort World Convention Center, provided impressive premises, which Cointelegraph did not stage any less impressively – a dimension one is not used to from Europe.

ICOs put everything in the shade

It quickly became apparent that the event was dominated by one theme: ICOs. So after a short time we entered the exhibitor hall, where there were countless stands of blockchain start-ups that had exactly one goal: to win investors for their upcoming ICO.

We were disappointed in the hope of stimulating discussions about exciting blockchain solutions, as the participants present had more of a marketing background than an IT background. One exception was Victor Bonhomme, Full Stack Engineer at iExec, a French blockchain start-up that built a platform to monetise free computing capacity. The decisive difference to most other exhibitors, however, was that iExec has already carried out an ICO and can offer added value with an already functioning blockchain solution.

The presentations were also strongly dominated by CEOs, who were represented at the fair with an advertising portfolio. One reason why we only attended a few presentations and instead tried to meet interesting personalities. We had such a stimulating conversation with Allen Day from Google, for example, who is researching the topic of artificial intelligence and now wanted to find out about intersections on the topic of blockchain. Together with Dr. Michael Raumann, Founder/CSO of CryptoTec AG, we talked about blockchain applications in the real economy and how artificial intelligence can be integrated here in the future.

The block show was a voluntary compulsory event for ICOs and people with international networking ambitions. Those, on the other hand, who were looking for a technically demanding confrontation with blockchain technology could have saved their money.

Blockchain hotspot Singapore

Outside the conference, we met the scientist Simon Trimborn, who is researching blockchain technology at the National University of Singapore and is developing indices for crypto currencies, among other things. During the discussion, it quickly became clear that Singapore does not have to hide from Stanford or MIT from the USA when it comes to blockchain research.

One of the reasons for this is that the smallest state in Southeast Asia in terms of surface area offers much that fuels a blockchain ecosystem. As Asia’s second most important financial centre after Hong Kong, there is sufficient capital to ensure that investments can be made quickly thanks to deregulated and investment- or tax-friendly regulation. This environment, in turn, attracts the Chinese elite, which is forcing its way to Singapore with knowledge and capital and is establishing its place in universities and financial companies. Supported by the ICO ban in China, Singapore is also a refuge for blockchain innovations from China.

Furthermore, Singapore is probably the most western country in Asia. It is not for nothing that the cost of living in Singapore is considered to be one of the highest in the world. A high standard of living and English as an official language make it easy for any expat from the USA or Europe to gain a foothold here.

These are the reasons that attract well-known blockchain companies such as TenX to Singapore. It is advisable to keep a close eye on Singapore, because Singapore is the blockchain hotspot of Asia and this will certainly not change in the near future.