BitShares Added to Microsoft Azure Cloud Computing Platform

BitShares on Microsoft Azure cloud platformMicrosoft announced in November 2015 that they were launching a “Blockchain as a Service” on their Azure cloud platform. The Azure cloud is not unlike Amazon Web Services (AWS), Digital Ocean and others in its offering of hosted virtual machines (VM) – that you can spin up in minutes and then install your applications to thereafter.

Microsoft created a JSON based template to describe a virtual machine build and extensions to install various third-party vendors’ applications or execute custom command line scripts (either Bash or PowerShell depending on your platform). By collecting these scripts together as submitted by various blockchain projects into their GitHub repository, Azure created community driven content curated by Microsoft and delivered as a service on their infrastructure. The only requirement of the end user is an Azure Subscription from which to deploy a backend as a service (BaaS) offering of their choice.

The user-friendly setup is really a matter of:

  1. Searching for blockchain project
  2. Clicking the Deploy to Azure button
  3. Filling a few form fields unique to your deployment
  4. Connecting to the VM to interact with the blockchain.

All of the dirty work to setup the operating system, install the software, configure the switches and launch the blockchain are handled in that first click.

The initial release of BitShares on Ubuntu 15.10 by Ryan R. Fox on March 9, 2016 is a minimal viable release. The release allows for complete functionality from the command line using the CLI Wallet and Witness Node on a single VM. Future releases will likely include the GUI client and support for other operating system platforms.

Ryan R. Fox added that, “It was a rewarding experience to work with both Microsoft and the BitShares community to bring this release to fruition. I am grateful for the assistance of many community members who tested the template prior to release and contributed their insights in how best to position the BitShares message to Azure BaaS.”


Stealth Transfers Feature Added to BitShares

Stealth transactions are now possible using the BitShares blockchain. The OpenLedger wallet now allows transferring of users assets without the transaction sender, receiver and amount being known to others. This optional feature for transfers will cost an additional fee which will in part go to repay for the development of Stealth by Cryptonomex.
Stealth transfers using BitShares
The Stealth privacy mode will add to the great technology found on the BitShares blockchain that include average block times of less than two seconds, decentralized exchange, user-issued assets and SmartCoins.


New BitShares Whitepaper

BitShares WhitepaperThe BitShares 2.0 blockchain launched recently and has shown to be much more stable, faster and efficient than its predecessor. The BitShares 2.0 decentralized exchange has the unique ability to trade assets and host classical financial instruments on the blockchain.

The BitShares 2.0 Whitepaper explaining two of those instruments, market pegged assets and user-issued assets, was released by Fabian Schuh and Daniel Larimer of Cryptonomex Incorporated.

More BitShares 2.0 whitepapers are expected to follow that will include concepts like the market mechanics, the business side of BitShares, and the consensus mechanism.


OpenLedger Video

The news is spreading about the smart trading platform OpenLedger. The transparent and secure asset exchange is powered by the extremely fast BitShares network. The following video was just released giving a quick two minute overview of the features that make OpenLedger special.

The video discusses how OpenLedger:

  • allows you to trade smartcoins that are backed by assets like gold, silver, fiat currencies like the US dollar or the Euro, stocks, commodities, bonds, or any digital currency.
  • holds every asset as a SmartCoin that is at least backed 100%.
  • it is not possible for creative bookkeeping, no trust is required.
  • reserves are kept as BTS held on the blockchain.
  • allows you to remain anonymous, or to verify with fiat gateways like Paypal, Ripple or Nanocard to instantly withdraw fiat currencies.
  • offers an exciting opportunity; to invest in the company by purchasing OBITS. OBITS are tradeable assets with a limited supply that allows you to share in the profit OpenLedger generates, now, and in the future.

Note: some of the use cases mentioned in the video are still being developed and expected to be available soon.


BitShares News and the Worldwide Web

Information and recent news about BitShares can be found on a variety of websites from around the world. These informative sites are written in a variety of languages that include English, Chinese, French, Spanish, Korean and German.

These websites below are available to help you better understand the BitShares 2 blockchain using the OpenLedger wallet.
bitshares news websites
Resource: SmartCoin: BitShares 2.0 SmartCoin Cutting Edge Digital Currency Blog

Resource: BitShares Blockchain News

Resource: Beyond Bitcoin – Discussions about Cryptocurrency, BitShares and more. – Listen to the Beyond Bitcoin Community

Resource: BitShares French ConneXion

Resource: BitShares Munich (Muenchen, Deutschland) : Crypto-enabling Investors and Businesses.

Resource: BitShares Korea 비트코인 2.0과 비트쉐어에 관한 블로그입니다.

Resource: Chinese 比特股之家 | 首个BitShares中文资讯门户


User Issued Assets METAFEES and Obits

The BitShares decentralized exchange has seen an uptick of user-issued assets being launched on the platform. Opportunities to trade METAFEES and Obits are two of the newest additions.

metaexchangeThe user-issued asset METAFEES comes from Metaexchange,  the token is based on Metaexchange fee sharing. Source: Metaexchange fee sharing! – BitShares Forum.

OBITSThe user-issued asset Obits is the token for investing in OpenLedger. Source: Obits – Investing in OpenLedger made possible – BitShares Forum.


BitShares 2.0 Forked Blockchain to Launch October 13, 2015

bitshares_announcementAnnounced Today

October 13, 2015 BitShares 2.0 will be launched as a fork of the original BitShares blockchain.

Head developer of Cryptonomex Daniel Larimer:

I believe that the test network has proven robust enough to replace the BTS 1.0 network in 30 days.

We have some graceful fallback positions that can be taken without missing the upgrade deadline:

1.  If all witnesses are on a single node then the network works perfectly, even with 1 second blocks
2.  Have several different witnesses all run from the same Amazon or Digital Ocean location
3.  Have all witnesses use a dedicated server to relay messages through while being geographically diverse
4.  Have all witnesses use current P2P and reduce block times to 5 seconds

In any event we are confident in the market behavior and evaluation of transactions and see no reason to delay upgrading the protocol simply because of networking/communication issues.

On the user interface side we have a viable wallet that supports:

1. market operations
2. transfers
3. voting
4. backups

Over the course of the next 30 days we will continue to refine the user interface, but at the very least it should be better than BTS 1 long before 30 days is up.

In other words, I am feeling pretty good about having the upgrade date be:  Tuesday, October 13th  (middle of work week)

This announcement was the tenth major summer announcement regarding happenings on the BitShares network.


OpenLedger Launches


OpenLedger which is powered by Cryptonomex’s Graphene software technology and provided by the BitShares 2.0  smartchain launched today.

OpenLedger allows you to convert bitcoin to fiat-pegged SmartCoins instantly or by limit order. SmartCoins can be withdrawn directly to cash via NanoCard, PayPal, Ripple gateway or money transfer.

The OpenLedger web wallet can get you started.


BitShares Blog