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Ethereum [ETH] supported by Hyperledger Fabric to recreate developer experience of Ethereum

Ajay Narayan

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Ethereum [ETH] supported by Hyperledger Fabric in order to recreate developer experience of Ethereum
Source: Unsplash

Hyperledger Fabric, a blockchain framework implementation and a Hyperledger project hosted by The Linux Foundation, recently announced that the platform would support Ethereum Virtual Machine [EVM] bytecode smart contracts. Reportedly, the contracts can be written in different languages which include Solidity or Vyper, thus opening up the space to more developers.

In addition to introducing a new smart contract runtime, Fabric has a similar web3 provider which can be used to develop decentralized applications [DApps] using web3.js. Furthermore, the new feature is a result of the 1.3 release and its main aim is to ensure that developers are able to migrate or create DApps for a permissioned platform.

Solidity is a programming language for writing smart contracts whereas Vyper is an experimental programming language that compiles down to the EVM bytecode. As part of integrating the EVM, Hyperledger has recreated the developer experience of Ethereum. The integration was further broken into two key parts, the EVM user chaincode, and web3 provider Fab3.

Hyperledger Fabric is designed with four basic modules: the main ledger, identity management, the consensus mechanism, and smart contracts called chaincode. The Ethereum smart contracts are an alternative to the chaincode.

The EVM user chaincode is a wrapper around the Hyperledger Burrow EVM which is a modular blockchain client with a smart contract interpreter developed to the specification of the EVM. Fab3 was adopted from the Ethereum ecosystem and is the Ethereum JSON RPC API.



The API described a systematic way in which clients could interact with the Ethereum network. Furthermore, differences between Ethereum and Fabric resulted in Fab3 not to completely implement the API but it did support enough instructions to allow DApps to be written using the web3.js library.

The report added that the future plans of Hyperledger Fabric included facilitating smart contract events, and further expanding the Fab3 support in order to allow clients like Remix and Truffle to interact with Fabric. They have also been focusing on adopting other features of the Ethereum ecosystem.





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Ajay Narayan is a full-time journalist at AMBCrypto. He has majored in Economics, Political Science and Sociology. His interests are inclined towards writing and investing in cryptocurrencies.

Ethereum

Grayscale Investments: Ethereum Trust [ETHE] receives FINRA approval for public quotation on OTC markets

Priya

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Grayscale Investments: Ethereum Trust [ETHE] receives FINRA approval for public quotation on OTC markets
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Grayscale Investments, a digital asset management firm, made an announcement with regard to the second largest cryptocurrency in the market, Ethereum. The platform stated that the Financial Industry Regulatory Authority [FINRA] approved its Ethereum Trust, ETHE, making it the third publicly quoted investment product. The other two publicly quoted investment products are Grayscale Bitcoin Trust [OTCQX: GBTC] and Grayscale Ethereum Classic Trust [OTCQX: ETCG].

Grayscale Investments stated on Twitter,

“Our team continues to bring new opportunities for investors to gain exposure to digital currencies. We’re pleased to share that Grayscale Ethereum Trust received FINRA approval for a public quotation on @OTCMarkets under symbol: $ETHE* gryscl.co/2M4wVER (1/2)”

In a blog post, the platform stated that each Share of ETHE would be equivalent to 0.09662399 Ethereum, as of 30th April 2019. Further, the asset management firm also stated that the Ethereum in each share would decrease over a period of time as  ETHE would not “generate income” and the Ethereum would be “regularly distributed” to clear-out expenses.

It further stated,



“There will be no trading volume in the Shares’ public quotation until the Shares are DTC eligible, which ETHE is expected to receive soon. Investors will be able to find current financial disclosure and Real-Time Level 2 quotes for Shares of ETHE on the OTC Markets website once trading commences. “

The ‘announcement of this announcement’ was made yesterday by Barry Silbert, the CEO of Digital Currency Group, thereby creating a buzz. Barry Silbert had stated on Twitter,

“Follow @GrayscaleInvest for some big news at 9 am NY time tomorrow. Announcing an announcement (yeah, that’s how I roll)”

To add on, the firm had recently launched the #DropGold initiative, with its main focus being prompting investors to invest in the digital gold, Bitcoin. The firm had stated,

“Grayscale is again pushing the envelope for traditional investors with a clear message: it’s time to #DropGold. […] Grayscale is again pushing the envelope for traditional investors with a clear message: it’s time to #DropGold.





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