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Golem releases Brass Golem Beta 0.17.0, keeps user experience as a focal point

Akash Anand

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Golem releases Brass Golem Beta 0.17.0, keeps user experience as a focal point
Source: Unsplash

On 31st July, Golem released its latest version, the Brass Golem Beta 0.17.0 that is aimed to improve the network capabilities and prevent the system from being overcrowded with access requests. The company has stated that this is done by introducing a concept called Netmasking. This is a process where a 32-bit mask is used to divide an Internet Protocol address into subnets and specify the network’s available hosts.

Golem is a global, open-source decentralized supercomputer that anyone can access which is run by the combined power of the machines of the users in the network. The officials of the company state that Golem can complete asks that ranges from CGI rendering to machine learning.

Golem has also stated that they have updated the Blender library, which is the company’s system to reduce multiple errors in the data verification stage. The other upgrades include the improvement of Golem’s Ethereum transaction layer which will enable faster and more seamless transactions to occur.

The Golem core upgrade also fixes the “new version detection” in the Golem client. The Golem platform has also added support for “concent additional verification” use case, which will allow proper verification of the transactions that occur on the platform. The company states that this will ensure proper data checks and systemic verification rounds.

Julian Zawisowski, the Founder and Chief Executive Officer of Golem had earlier called Ethereum the most promising blockchain platform. Golem has also stated that the Golem electron network has been upgraded to version 2. The company has also listed that the react, redux and react options of the platform has been upgraded to its latest versions. The three options ensure that the function libraries of the platform run software that is up to date.

The company has also stated that the new 0.17.0 updates give a radical improvement to the user experience and the user interface.

Alison Emily, Cryptocurrency Enthusiast tweeted:

“Very cool guys & a project many people in the #cryptocurrency ecosystem are excited about. So many talented #blockchain folks coming out of Poland. I suggested @glenweyl takes a pitstop over there during his book tour #radicalmarkets. @BobSummerwill “





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Engineering graduate,crypto head and Arsenal fan. Is fascinated by technology and all its marvels. Strictly against pineapple on pizza.

Altcoins

Ampleforth could help create next-gen synthetic commodities for portfolio diversification, claims Blockfyre report

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Ampleforth could help create next gen synthetic commodities for diversification of portfolios claims new Blockfyre report
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Ampleforth was the first token to successfully complete an IEO on Bitfinex. This IEO caught the attention of a lot of users in the cryptospace, as the $5 million hard cap was sold out within the first 11 seconds. A new report by Blockfyre details how Ampleforth could pave the way for a new asset class for portfolio diversification in the future.

The report also highlighted a feature of Ampleforth that allows a flexible supply that adjusts to the market demand, while price simultaneously finds equilibrium. The token also aims to tackle the strong correlation that most cryptocurrencies share with Bitcoin.

Synthetic Commodity

Ampleforth project has the ability to create synthetic commodities that are disconnected when it comes to price fluctuations due to correlations, which is a common problem faced by both cryptocurrencies and traditional asset classes. Although Bitcoin was created to tackle problems that fiat currency inherently has, it still has some correlation issues.

In a world where traditional assets are widely affected by macroeconomic and global political scenarios, Ampleforth aims to create a new asset class, Synthetic Commodity, to tackle this problem.

The report stated,

“BTC as a synthetic commodity doesn’t show correlation to traditional markets such as stock stocks and bonds. Thus it reflects a potential good investment for portfolio diversification, in order to tackle macro-economic recession”

Although BTC is an uncorrelated asset, other cryptocurrencies are widely correlated to it. Ampleforth’s protocol introduces synthetic assets that “will always find a price-supply equilibrium by adjusting the price due to demand.” The report added,

“It needs to be emphasized, that these price-supply information will always be distributed amongst all token holders, so the supply of all token holders will decrease / increase. As a result, the overall cut of the total supply for each person will always remains the same.”

The report further said that if successful, Ampleforth will directly compete with Bitcoin’s $145 billion market cap and also against traditional asset market-based in fiat.





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