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Ethereum Launches Homestead

Blockchain project Ethereum has just launched Homestead, the first release of its software implemented at block 1,150,000.

Here you can read the full documentation about the Homestead release.

ethereum launches homestead, homestead release

This new implementation comes at a time when more and more financial institutions and startups are revealing their interest in Ethereum and in creating projects related to the blockchain.

Just a few days ago, in fact, we talked about how Ethereum now is bigger than ever.

Special advisor at Ethereum Foundation, William Mougayar, explained that Ethereum processes almost 25,000 transactions per day: about 10% of the number of Bitcoin.

“You need to look at the growth of the Ethereum network via the growth of its nodes, sitting at 5,100 versus bitcoin’s about 6,000 roughly. That’s quite significant and shows the stability and global nature of the Ethereum network,” commented Mougayar.

Homestead vs Frontier

Homested is preceded by Frontier, that was released in July 2015.

Co-founder of ConsenSys Enterprise, Andrew Key, commented that Homestead will help users to expand their possibility on Ethereum and the simplicity that will allow them to be able to build proof-of-concept products.

Keys said to CoinDesk:

“Homestead’s arrival will begin to demonstrate the next generation of blockchain technology, whereby anything we can dream of, can be accomplished in a decentralized manner using Ethereum.”

“We’ve seen Microsoft and IBM doing projects on Ethereum. There’s a lot of coders. It’s exciting to see something you were in on in the early stages growing and bearing fruit,” said Ethereum co-founder Anthony Di Iorio.

Ethereum helps Car Charging

In Germany the startup called Slock is working with RWE on a project to use Ethereum for car charging uses.

This project debuted at the Lift 2016 conference in Geneva, Switzerland and it will play out within 2017.

According to the RWE, customers will use charging stations by accepting a smart contract programmed on the Ethereum blockchain.

Gemalto joins Symbiont to use the Blockchain

Recently we talked about several companies all around the world, like Microsoft or IBM, that are conducting tests about the blockchain and how to introduce it on their business.

Well, today is the turn of Gemalto, a digital security multinational who announced today its interest in the bitcoin technology.

Gemalto has in fact started a new partnership with Symbiont, a well-known blockchain startup that aims at “bridging the gap between the emerging blockchain ecosystem and Wall Street, with the first issuance and trading platform for Smart Securities™”.

According to a new interview with Gemalto’s vice president of business strategy Mark Yakabuski, the blockchain has two potential applications within the market.

These are his words:

“We believe that the first generation of blockchain is going to be driven by the financial services industry. The second generation, we believe the blockchain has the ability to be adopted within the Internet of Things. […] From what I’ve seen, security within the bitcoin and blockchain solutions is certainly in its infancy and there’s a lot of room for growth and improvement. […] But we believe that the solutions built on blockchain will expand quite rapidly, and we want to be a leading security option for our customers as that expands.”

So Gemalto – together with Symbiont – wants to find all the possible applications of the blockchain (like smart and programmable contracts, for example) and also wants to use the Bitcoin technology to improve Gemalto’s existing hardware and APIs.

“Our partners are looking for the level of assurance we provide on our products, and that leads us to believe that these ledgers are going to be adopted by those institutions”, he continued during an interview with Coindesk.

However, it is important to remember that Gemalto already works with some bitcoin exchanges, using its HSMs for cryptographic security.

Furthermore their techs can “adopt to new use cases, and we’re doing what we’ve done across financial industries, which is protecting identities and the transactions they perform”, continued Yakabuski.

About the author: Amelia Tomasicchio is a writer and a journalist of Bitcoin-related news and articles. She started writing about Bitcoin in 2014 and she graduated in Rome with an essay about movie industry related to Bitcoin.

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Amelia Tomasicchio

api, bitcoin, blockchain, blockchain technology, cryptographic security, cryptography, gemalto, hardware, internet of things, interview, mark yakabuski, Startup, symbiont

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