Ethereum News | Shasper Begins and Joe Lubin Funds DrumG

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Ethereum News | Shasper Begins and Joe Lubin Funds DrumG



In today’s edition of Ethereum news, we’ll cover the details of Ethereum Startup Parity Technologies adding Casper code to their blockchain toolbox and why Ethereum’s co-founder, Joe Lubin, invested in a competitor.

Ethereum News: Parity Technologies and Casper

Parity Technologies, an Ethereum startup, has just added an early version of the highly anticipated Casper code to its platform, Substate.

The code was released on GitHub yesterday, and the team behind the implementation at Parity is calling it their ‘Shasper’ upgrade.

“Shasper is combination of Casper and sharding. Once it lands, we should see vast improvements in terms of ethereum’s transaction throughput,” Wei Tang, the dev leading the Parity integration, told CoinDesk.

This is the biggest Ethereum news that has broken in quite a while and a positive one, at that. While this is only the first step, the proof-of-stake consensus switch on the Ethereum network is closer. Shasper combines Parity’s in-house scaling solution and sharding, along with Ethereum’s proof-of-stake consensus switch, Casper.

ETH has yet to see a price spike since the news though.

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Ethereum News: Joe Lubin Funds DrumG

Ethereum co-founder Joe Lubin has invested $6.5 million cash in a startup formed by senior-level execs from R3, Ethereum’s most heavily funded competitor, Forbes reported this morning.

Lubin’s ConsenSys blockchain startup will take a minority stake in DrumG. Lubin will also join as the sole outside member of the board of directors.

“The decentralized Web future—Web 3.0, linking corporations to public blockchains—that’s definitely an interledger future,” Lubin told Forbes. “It’s going to be hundreds of thousands of decentralized protocols for trusted transactions and automated agreements.”

DrumG will initially only focus on two platforms that seek to add as many as ten blockchains soon. DrumG seeks to help enterprises better understand how multiple blockchains might help them become more efficient.

DrumG also has a US patent on technology that is designed to standardize the way its clients talk about business workflows.

Are you excited by any of the Ethereum news?

Featured Image: Depositphotos/© sadsadang

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