ConsenSys news

A blockchain software technology company that develops a variety of applications which operate on the global distributed computing platform.

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ConsenSys Announces Software Suite ‘Codefi’ For Decentralized Finance (DeFi) Applications

Decentralized finance (DeFi) applications have grown in popularity over the last few months as more blockchain use cases are developed for these applications. Many prominent blockchain industry players have shown interest and are placing investments in DeFi applications. Lubin pushes for DeFi Ecosystem Joseph Lubin, co-founder of Ethereum, has come out and stated outright support […]
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ConsenSys announces Codefi: Blockchain OS for commerce and finance

Press Release Tel Aviv, Israel – September 15, 2019: Today, ConsenSys unveiled ConsenSys Codefi, an “operating system” comprised of tools and services to help anyone— from financial institutions and large enterprises, to entrepreneurs, developers, and decentralized networks— benefit from the digital transformation of the infrastructure, manufacturing, and distribution value chains in commerce and finance. Built on Ethereum, Codefi provides the ability to digitize business processes, payments, and assets such as equities, loans, and real estate.  To reflect the complexity and global scale of the business, Codefi will be jointly led by London-based Lex Sokolin and New York-based Pat Perarducci as Global Fintech Co-Heads. In his inaugural Ethereal Summit keynote in Tel Aviv, Lex Sokolin introduced ConsenSys Codefi as a multifaceted solution with the potential to unlock value across a wide range of industries, enabling clients to:  Incorporate blockchain-native authenticity, scarcity, and programmability into workflows and assets, enabling governance, compliance, and system incentives through secure APIs and scalable, customizable software Activate digital financial instruments to create and grow markets with potential for greater liquidity, reduced costs of capital, access to a broader investor and capital base, and improved incentive alignment between stakeholders Leverage the pioneering innovation of the Ethereum ecosystem to create compliant, production-ready blockchain solutions for use-cases across commercial and financial sectors As one of the earliest companies to architect production-ready blockchain solutions, ConsenSys has tokenized billions of dollars in digital assets, including a wide range of consumer products, currencies, real estate, and financial instruments, and has created software and infrastructure that has enabled tens of billions of dollars in blockchain-based transactions. ConsenSys has worked with governments, major enterprises, startups, and developers to digitize business processes and stores of value, thereby codifying their real-world attributes and enabling fractional ownership, expanded product lines, and new incentive models in business networks.  “By leveraging Ethereum technology to digitize business processes and assets, we have, repeatedly, delivered real-life solutions that are so much better — more compliant, reliable, and cost-effective — that it is clear this is the future of commerce and finance,” says Patrick Berarducci, ConsenSys’ Global Fintech Co-Head. “But to do it correctly, and future proof it, you really need to optimize everything from business processes to compliance, infrastructure and protocol layers. That’s really hard, and that’s why we’re rolling out Codefi. To make it easier for everyone, and to ultimately accelerate the future of decentralized commerce and finance.” Lex Sokolin added, “Over the last decade, innovations in Fintech and the digital transformation of the financial industry has led to broader access to financial products. This is an empowering trend— more people and organizations can pay, save, borrow, and invest in an affordable way. With the global adoption of Ethereum as the programmable blockchain of choice, we see a massive opportunity to help clients benefit from next-generation financial infrastructure, using Codefi to lower the cost of manufacturing financial products and deploying them at scale.”  Codefi has been in development in stealth since early 2019 and is comprised of a number of new and existing teams building Fintech solutions under a unified Finance and Commerce business vertical with ConsenSys.  Codefi will include the following modules:  ConsenSys Codefi The blockchain operating system for commerce and finance, built to optimize business processes and digitize assets and financial instruments Codefi Assets A platform to create, issue, and manage the lifecycle of digital assets, associated markets, and digital financial instruments on public or permissioned blockchain networks Codefi Payments A platform to send, receive, and manage cryptocurrency payments and revenue within a single dashboard Codefi Networks A suite of tools empowering anyone to utilize tokens and participate in decentralized networks Codefi Data A data, analytics, and risk management engine for digital assets, public blockchain tokens, and their growing networks In the weeks to come, Codefi will unveil more details on individual tools and services with client stories and key industry partnerships.  For more information, please visit   About ConsenSys: ConsenSys is a blockchain company dedicated to transforming the world’s digital architecture toward a more open, inclusive, and secure internet of value, commonly called Web3. With a more trustworthy internet architecture, ConsenSys is helping enterprises and governments unlock new business models and value, gain efficiencies through a shared IT infrastructure, and utilize modern cryptographic methods to safeguard private user data. Through our unique global business comprised of a startup incubator, Enterprise Ethereum ​consulting arm, and ​investment fund​, ConsenSys is building for the decentralized future. Fore more information, please visit ​​.     The post ConsenSys announces Codefi: Blockchain OS for commerce and finance appeared first on CryptoPotato.

Ethereum Co-Founder Joe Lubin Joins Board As ConsenSys Becomes Premier Member of Hyperledger

The co-founder of Ethereum is to join the blockchain development project Hyperledger community. Cointelegraph has announced ConseSys– Ethereum-focused development firm as the premier member of Hyperledger. Project Hyperledger Besu Already Submitted to Hyperledger According to the press release by Cointelegraph, ConseSys has already submitted the Pantheon Java-based software to Hyperledger. The project was named Hyperledger […]
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ConsenSys Officially Joins Hyperledger Project – Adding Public Blockchain Capability to Hyperledger

The post ConsenSys Officially Joins Hyperledger Project – Adding Public Blockchain Capability to Hyperledger written by Richard Kastelein appeared first on Blockchain News - Blockchain News and Opinion - Tokenomics, Cryptoeconomics ConsenSys and Hyperledger announced that ConsenSys has become the newest Premier Member of Hyperledger – and – ConsenSys’s PegaSys protocol engineering group submitted its Ethereum client, formerly known as Pantheon, now known as Hyperledger Besu, the first public chain compatible blockchain submission to Hyperledger. Hyperledger is an open-source collaborative effort created to advance cross-industry blockchain […] The post ConsenSys Officially Joins Hyperledger Project – Adding Public Blockchain Capability to Hyperledger written by Richard Kastelein appeared first on Blockchain News - Blockchain News and Opinion - Tokenomics, Cryptoeconomics
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Token Swap: Tether Announces Token Burn Of Over 400 Million USDT

Tether has shared a piece of information about a forthcoming token burn which according to announcement would take place shortly. According to a tweet from their official Twitter handle, Tether plans to shortly move 400 million Tether USDt as part of its Omni authorized but not issue pool to the issuance address in order to burn/revoke them. Tether will shortly move 400m Tether USDt as part of its Omni authorized but not issue pool to the issuance address in order to burn/revoke them. — Tether (@Tether_to) September 16, 2019 Tether Minted 300 million USDT Few Days Ago Few days ago, Tether took to Twitter to inform its users that it was coordinating with a third party to perform a chain swap. This was planned in order to convert some tokens from their original Omni to an Erc 20 protocol. At the time of the initial announcement, 300 million Tether USDt was announced to have been minted for the swap. However, these conversions took place few days ago as Tether promised the token swap wouldn’t disrupt the total supply. In few hours Tether will coordinate with a 3rd party to perform a chain swap (conversion from Omni to ERC20 protocol) for 300M USDt. Tether total supply will not change during this process. — Tether (@Tether_to) September 12, 2019 Whale Alert, a twitter account dedicated to alerting the community of big cryptocurrency transactions, noted the coinage described above in a tweet published on Sept. 12. As per a second tweet submitted as an answer to the first one, Whale Alert offered an explanation of the type of transaction: “This USDT mint is part of a swap. The corresponding burn on Omni has not taken place yet.” And finally, Tether is burning the Omni Tether that was already converted to ERC20. Until now, no token burn has taken place on Omni blockchain. In July, it was reported that Tether accidentally minted and burned 5 million USDT tokens. However, Tether long-standing controversy about issues relating to transparency and market manipulation. The post Token Swap: Tether Announces Token Burn Of Over 400 Million USDT appeared first on Coingape.

Zero-Knowledge Proof Solution from QEDIT Implemented Into Kaleido Blockchain For Transaction Privacy

Kaleido, a startup blockchain solution from ConsenSys Venture Studio has gone on record to become the first blockchain platform to implement the zero-knowledge proof solution from QEDIT—the crypto private company. A Non-compulsory Feature On September 13th, 2019 QEDIT shared a paress released with Cointelegraph where it stated that the partnership it had developed with Kaleido […]
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Cryptocurrency Exchange OKEx Korea Removes Privacy Altcoins

According to an official announcement made by the South Korean branch of OKEx, the popular exchange will delist five privacy coins as early as October 10, 2019. Complications for Privacy Coins Trading of Monero (XMR), Dash (DASH), ZCash (ZEC), Horizen (ZEN) and Super Bitcoin (SBTC) on OKEx Korea will be suspended on October 10, 2019,Read MoreRead More. The post by Edoardo Vecchio appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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