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The use of open source code is on the rise. Red Hat’s 2021 Enterprise Open Source Report found that 90% of companies use open source code and 79% of IT leaders expect their business use of open source to increase. Also on the rise, unfortunately, is malware and ransomware up 158% in 2020 according to a recent report by cybersecurity firm SonicWall. Attacks which often take advantage of code that is not kept up to date and protected from the latest vulnerabilities. Do you keep your enterprise open source code up to date?

Using open source software has many advantages which includes being free of charge to use. However, as the old saying goes, “There is no such thing as a free lunch”, and this certainly applies to open source software. Indeed, it is now generally understood that, while open source software is free to acquire, it’s Total Cost of Ownership (TCO) isn’t zero. This is because you still need to cover the costs of running the software which includes getting the software installed, properly configured, maintained, and supported. It is that last component that we will dive into in this article.

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Handling software problems, with legacy solutions

What happens in case there is a problem with a piece of open source software your system depends on? To whom are you going to turn to get your problem fixed? This is not a question you want to ask yourself when the problem arises. You need to have a plan so that your system doesn’t come to a halt while you’re going around looking for an answer.

With proprietary software you typically have acquired a license to use the software as part of a contract that includes some level of support. So, the answer is simple: you turn to your provider which, based on the level of service you have contracted for, will address the issue to get your system going again. When it comes to open source software, what are your options? Here are three:

Option one: Ask the “community” for a fix

The first option is probably the first one anyone would think about however, it’s not without its challenges. First, it requires knowing how to contact the community. Hopefully, there is some documentation along with the software that gives you some info on how to do that. Maybe it’s an email address to contact the developer(s) or a mailing list or chat channel on which interested parties hang out. With that information you send your request for help and wait for an answer to hopefully get your system going again.

Unfortunately, there is no way to know how long you will have to wait and whether the answer you get, if any, will actually be helpful. In this regard, it is worth pointing out that the nature of the “community” typically plays a big role. The bigger the community the more likely you will be able to get help. This is why you should always look into who’s behind any software you decide to use in the first place. Is it a lonesome developer who’s only active on the weekends with just a few users, or is it a large group of committed developers with a large community of users some of which may have developed serious expertise?

Not that there is anything wrong with being a hobbyist developer. Some of them deserve a lot of credit for their contributions and are very responsive to requests for help. In general, though, it will likely be easier to get help from projects supported by a large community which has more resources dedicated to the project and helping others. Either way, there is no guarantee you will get the help you need in a timely fashion.

Option two: Fix it yourself

Whether you can’t get help from the community or don’t want to depend on it, your second option is addressing the problem yourself. However, this obviously requires having resources with the skills and knowledge in the software you are using to even be considered. Apart from very simple pieces of software this typically doesn’t come easily. You need to have people who have invested significant amount of time to develop the expertise to narrow down the source of the problem; is it merely a configuration error or is it a bug in the software?

If it’s a bug they’ll need even deeper expertise to find their way through the software, and figure out a way to fix it. Once they’ve found a fix, you’ll want them to submit it for inclusion in the open source software — what’s commonly referred to as “upstream” — and hope it gets merged in so that you don’t have to keep maintaining your own version of the software with all the pain that comes with maintaining a fork — a different version than the official one. Clearly this is not an option that is practical for most businesses.

Option three: Ask a service provider for a fix

The most practical option for most businesses is to ask a service provider to take care of the problem. Typically, it’s not when facing a problem, you will want to go look for such a service provider though. Instead, this is something you will want to do at the time you decide to use the software so that you know you’re not jeopardizing your business by starting to use a software nobody is responsible to maintain for you. In fact, when it comes to support, open source software is not really different than proprietary software. Even though in theory you have the advantage of being able to access the code and fix it if something is wrong, as we discussed, in reality this may not be a practical option for you.

So, just like with proprietary software you are better off contracting a service provider to support it for you. The question then becomes a matter of choosing the right service provider. It should be evident that you don’t want a service provider that would find itself in a similar situation as the one you would be in — having to rely on the community for help, not having the expertise for fixing the problem.

You should choose a provider who is already part of the community and already has the expertise in the software.

The next era of open source support

This is what differentiates IBM from many other service providers. IBM is heavily invested in many open source projects such as The Linux Foundation’s Hyperledger Fabric, and has resources fully dedicated who work day in and day out on these projects. As a result, IBM has some of the best experts in the world and it is thanks to that expertise that IBM can offer you unparalleled support, freeing your company from having to worry about what will happen if something goes wrong. Not only can IBM experts help quickly figure a solution to the problem you are facing but their involvement in the community also means they can work on getting the fix merged upstream.

But the benefits go beyond getting issues fixed. IBM experts essentially become your company’s ambassadors in the open source projects they are engaged in. Informed of the challenges your company faces they can work on developing the software in a direction that best addresses your needs.

For more information on blockchain open source support for Hyperledger Fabric, visit our support page.

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Polygon Accommodate 37,000 DApp, Scoring 400% This Year

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Since the beginning of 2022, the number of decentralized apps (DApps) on the Ethereum scaling platform Polygon has surged 400%, hitting 37k. According to a blog post from partnered Web3 development platform Alchemy published by the Polygon team, the 37,000 figure signifies the total apps produced on both the testnet and mainnet.

At the end of July, there were 11.8k monthly active teams, a sign of blockchain developer involvement, a 47.5% increase from March. In addition, the project team offered an overview of dApp projects, noting that “74% of the teams are entirely integrated on Polygon.”

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The Reason Behind Its Surgence

Their collaboration with Alchemy was the driving force behind the expanding number of DApps. The Polygon team noted earlier this year that the increased amount of DApps being developed on the network was a major contributing reason.

~500 dApps in November, now 37,000+ with 11.8k active teams.

“Many projects are increasingly choosing to build solely on Polygon. Alchemy data shows that 74% of teams integrated exclusively on Polygon”

This is because the Web3 platform’s infrastructure makes it “far easier for Polygon developers” to construct DApps.

Cooperation by Polygon and Alchemy Support dApps

The cooperation launched by Polygon and Alchemy in June 2021 aided in increasing the number of dApps on the network from 3,000 in October to 7,000 in January to over 19,000 in April.

Polygon’s native asset, MATIC, has risen by 66.3% in the last month as cryptocurrency markets have turned green and recently exhibited signs of a possible positive revival. MATIC is presently the sixteenth most valuable cryptocurrency asset, having a market capitalization of $6.9 billion.

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Polygon (MATIC) Price and Tokenomics

The current price of Polygon is $0.9241, with a 24-hour trading volume of $498 million. Polygon’s value has risen by 2.50% in the last 24 hours. MATIC is now the world’s 13th most valuable company, with a market capitalization of $7.6 billion.

It can hold up to 10,000,000,000 MATIC coins, but currently only 8,035,303,935 MATIC coins are in circulation.

Polygon (MATIC) Technical Outlook

MATIC Price Chart
MATIC Daily Price Chart – Source: Tradingview

The MATIC/USD is currently trading at $0.9241 after consolidating in a narrow range of $0.8844 to $1.0001. Given the recent 400% increase in dApp registrations on the Polygon network, MATIC may experience a bullish trend.

A surge in MATIC demand could pierce the $1.0001 resistance level, exposing the MATIC price to the next target area of $1.1330. Further to the upside, MATIC’s next resistance level will be $1.2770.

The leading indicators MACD and RSI indicate divergence, with one indicating a buying trend and the other indicating a selling trend. However, the 50-day EMA is in support of a buying trend.

On the support side, MATIC at $0.8844 is likely to be supported by the upward trendline. On the other hand, a bearish breakout could push Polygon’s price down to $0.7635. Consider staying bullish above the $0.7635 level and vice versa. Good luck!

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Vinteum launches in Brazil to aid the Bitcoin ecosystem

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Vinteum, a nonprofit Bitcoin research and development firm, has been unveiled in Brazil. The firm announced the development in its press release. The entry of Vinteum into Brazil will help facilitate the decentralization of open-source networks within the country.

Vinteum will provide the necessary infrastructures for open-source developers’ training and funding in Brazil. As revealed, this will help grow the country’s bitcoin ecosystem.

The firm acknowledges the criticality enveloped in the Bitcoin ecosystem and the Lightning network. According to Vinteum, the two mechanisms have, in recent years, become complicated owing to bitcoin’s growing maturity. It added that the development had become a significant challenge for developers within the country.

Vinteum believes its investment in proficient open-source developers will aid the Bitcoin and Lightning Network, thereby resolving the problem. Additionally, the firm reiterates its commitment to safeguarding and sustaining the next generation of Bitcoin developers.

According to reports, the firm decided to unveil its center in Brazil to safeguard the Bitcoin ecosystem. Vinteum is optimistic about Bitcoin as a deserving network owing to its various use cases. According to the firm, this necessitated the effort to establish the center, facilitating improved efficiency within the ecosystem. 

However, it noted that “there is no official team, nor is there any built-in mechanism for funding Bitcoin developers.” According to the firm, the situation is obtainable because “it is an open-source software and a decentralized protocol with no owners nor a system of leadership.”

This development is prompting Vinteum to source for investors so that integrated developers can work full-time on the lightning network and other notable open-source projects in the Bitcoin sphere. 

As of press time, it has secured the support of numerous investors. Some investors are John Pfeffer of Pfeffer Capital; Xapo Bank founder and early Bitcoin champion Wences Casares; Sebastian Serrano, CEO and co-founder of Bitcoin blockchain company Ripio; crypto-exchange Okcoin; and the Human Rights Foundation (HRF). However, the firm is yet to publish the amount it has raised through the commitment of these investors.

Vinteum further states that it is on the lookout for developers who can sustain the scaling of the Bitcoin ecosystem. More so, it added that the developers must be able to aid the network’s security, privacy, and programmability.

Reportedly, the co-founders of Vinteum, Lucas Ferreira of Lightning Labs and André Neves of ZEBEDEE, will function as the foundation’s executive director and director of partnerships of the firm.

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Ethereum Co-Founder Vitalik Buterin Downplays Ethereum PoW Fork, Hopes It ‘Doesn’t Result in Folks Losing Money’

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Ethereum co-founder Vitalik Buterin recently mentioned that he cares about the recent Ethereum proof-of-work (PoW) fork topic that’s been finding its method into a variety of conversations inside the crypto community. Buterin remarked at the ETH-Seoul conference over the weekend, that he believes the folks introducing the forked token construct ar essentially a “couple of outsiders” that “mostly simply wish to create a fast buck.”

Vitalik Buterin provides His Opinion on the Proposed Ethereum PoW Fork plan

A lot of individuals inside the crypto community are discussing a potential ETH captive fork (ETHW) that’s distinctive from the present Ethereum Classic blockchain. Bitcoin.com News reported on the prestigious Chinese crypto manual miner Chandler Guo, who initiated the ETHW language when explaining that he participated within the birth of Ethereum Classic (ETC). The thought then gained additional traction, as a web site referred to as ethereumpow.org was revealed and a number of exchanges set to list the fork.

Presently, the promissory note tokens for ETHW ar value $138.69 per token, per coinmarketcap.com metrics and against Tron’s USDD stablecoin, ETHW is exchanging hands for 142.27 USDD on Poloniex. This weekend, co-founder of Ethereum Vitalik Buterin mentioned ETHW throughout a Q&A session at the ETH-Seoul conference. Buterin downplayed the chance of a fork of this type seeing semipermanent acceptance. “I’m not expecting it to own substantial, semipermanent adoption,” Buterin stressed.

The Ethereum developer and co-founder conjointly talked concerning Ethereum Classic (ETC) and Buterin complimented the ETC community. “I assume Ethereum Classic already incorporates a superior community and a superior product for folks quite with those pro-proof-of-work values and preferences,” Buterin expressed. once Buterin was asked concerning the ETHW proposal, he explained that those attached its creation ar simply a “couple of outsiders that essentially have exchanges, and principally simply wish to create a fast buck.” Buterin added:

“I hope that whatever happens, doesn’t lead to people losing money.”

Digital Currency Group CEO Barry Silbert Discusses ETHW, Buterin Doesn’t See Fork Harming Ethereum’s Ecosystem

Buterin’s statement follows the statements the founder and chief executive officer of Digital Currency cluster (DCG), Barry Silbert, has created concerning the ETHW plan on Twitter. Silbert tweeted to the Evariste Galois Capital account on Twitter and said: “[For what it’s worth], our full support is behind [Ethereum proof-of-work], additionally to [Ethereum Classic], and have zero intention to support any [Ethereum proof-of-work] fork. [Ethereum] miners ought to move to [Ethereum Classic] to maximise their revenue semipermanent. easy as that.”

Silbert has conjointly created different statements on Twitter on to a number of Chandler Guo’s threads, and Guo asks Silbert in one tweet: “why solely [Ethereum Classic]?” The DCG government replied and aforementioned it’s “the good play for [ethereum] miners” and he conjointly mentioned that Antpool is leading the initiative to support the Ethereum Classic chain. once somebody told Silbert to prevent participating with Guo, Silbert responded and said: “I like and respect Chandler. simply trouble him on this strategy.”

Meanwhile, at this weekend’s ETH-Seoul conference, Buterin elaborated that he doesn’t expect Ethereum (ETH) to be deterred by the chance of another fork. “I don’t expect Ethereum to essentially be considerably injured by another fork,” Buterin remarked. On Twitter, it’s business as was common for Buterin, because the computer code developer tweeted concerning stealing addresses for ERC721 (non-fungible tokens) NFTs on Mon. “A low-tech approach to feature a major quantity of privacy to the NFT scheme,” the Ethereum co-founder aforementioned.

The post Ethereum Co-Founder Vitalik Buterin Downplays Ethereum PoW Fork, Hopes It ‘Doesn’t Result in Folks Losing Money’ first appeared on BTC Wires.



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