The Week In Bitcoin - Issue #61: - Bitcoin Core 0.13.0: The Beat Continues

Bitcoin Core 0.13.0: The Beat ContinuesEarlier this week Bitcoin Core 0.13.0 was tagged for release.A
The Week In Bitcoin
The Week In Bitcoin - Issue #61: - Bitcoin Core 0.13.0: The Beat Continues
By The Week In Bitcoin • Issue #3
Bitcoin Core 0.13.0: The Beat Continues
Earlier this week Bitcoin Core 0.13.0 was tagged for release.
As those paying attention to Bitcoin know, this release was centred around preparation for the planned soft fork of Bitcoin in release 0.14.0 (which will fully incorporate segregated witness).
This release added a number of really interesting upgrades to Core. These included:
  • Preparation for segregated witness;
  • Child pays for parent;
  • Support for compact blocks; and
  • HD key generation.
For those new to the space, the above might not mean all that much. They are interesting changes that warrant discussion, but in a world where the mainstream media conversation revolves around permissioned chains it’s not all that cool to talk about the technical progress being made by the Bitcoin Core devs. 
However, the continued progress and momentum that Bitcoin has is still something worth being reminded of. For example, for this release, there were roughly 100 contributors over a 6 month period who in aggregate contributed to hundreds of improvements. Although this is not unusual for a Bitcoin Core release, it’s a great reminder that some of the best and brightest minds in the ‘blockchain industry’ are working to improve Bitcoin’s reference client.
So the next time you read about a 3 person startup working on a 'bankchain’ it’s worth remembering that Bitcoin has hundreds of brilliant contributors (388 contributors according to Github) pushing code to make it the most resilient and worked on open source project in the world of blockchains. 
— Alan Tsen, @alantsen 👊💯
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News This Week
The Australian Securities Exchange (ASX) announced today that it has completed the first version of a potential distributed ledger-based replacement for its existing settlement system.
The size of the legal engineer’s undertaking is tremendous, but it is proportional to the commercial value of automated contract provisions, decisions, and actions.
The past months have become a new chapter in the evolution of blockchain technology. Ethereum’s fork in the wake of the DAO hacks. Bitcoin’s almost-fork in the wake of the (still unresolved) block size debate. All of this is leading to the growing frustration and even disillusionment of key figures in the crypto-currency community.
You post content, people decide if they like it or not and depending on how ‘popular’ it is, you get paid. Being able to monetize your content is great and it’s about time that we have a way to do it. However, when it comes to Steemit, appearance is deceiving.
Bitcoin Core 0.13.0, the thirteenth generation of Bitcoin’s reference client as first launched by Satoshi Nakamoto almost eight years ago, has now been tagged for release. This is one of the final steps in the software release process and initiates the Gitian build process.
Recent months have seen blockchain innovation professionals departing legacy financial institutions for smaller startups, but the motivations driving this shift in the industry are less than clear.
Both the legal and mainstream media have written many articles about the Blockchain. So I thought readers will appreciate hearing from three lawyers whose practices focus on it. I’ve asked them to explain what the blockchain is and its impact on law practice, business, and law firm management.
“Shifting from a perspective of ‘only humans control money’ to 'machines and software control money’ is really radical and it changes a lot of things,” says the Bitcoin and blockchain expert in the latest Unchained podcast.
The Wall Street Journal had a couple of good pieces this morning that describe some of the work we’re doing at R3 and our vision for the future of financial services.
Ethereum is a cryptocurrency framework that uses blockchain technology to provide an open distributed computing platform, called the Ethereum Virtual Machine (EVM). EVM programs are written in bytecode which operates on a simple stack machine. Programmers do not usually write EVM code; instead, they can program in a JavaScript-like languagecalled Solidity that compiles to bytecode.
From Cold Storage
There are few things as old as financial catastrophe, except maybe finance. But in the latest fiscal meltdown in Greece, people started asking questions about whether newer technology — bitcoin and the underlying blockchain — could help. One of those was Wall Street Journal columnist Christopher Mims.
Protocols are a geeky topic. It’s way more interesting to talk about applications. People will go on and on about why they like gmail or some other email application.
This post aims to look at some of the key features of the Chain Open Standard, a permissioned blockchain, specifically its consensus mechanism. 
After yesterday’s blog generally about blockchain use case implications in Clearing and Settlement markets, here are the six companies I see as being at the forefront of changing the game: Digital Asset, SETL, tO, Clearmatics, Symbiont and itBit.
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