Blockdaemon Bulletin: January Edition
Welcome to the first Blockdaemon Bulletin of 2023. We are excited to catch you up on everything we’ve been working on since our last newsletter. To kick off...
While the crypto-winter raged, we found ourselves in the peculiar position of seeing more demand for our product than could be handled -- foundations, projects and enterprises reached out to see if we can help them to run nodes or orchestrate/support networks on our ground-breaking middleware platform.
Since we are the most operational DevOps shop in the blockchain space, we have unique insights when it comes to performance of decentralized networks and the respective abilities of different protocols. We recently gave a talk at Google’s first Blockchain Event about our tech-stack evolution, and why we have moved our orchestration and monitoring over to Kubernetes/Terraform via GCP.
What a ride 2018 has been for us. While thinking about what to mention in this end of year post, I realized that I don’t want to talk about the usual hyperbolic start-up CEO stuff. While it is hard to forgo the perspective of ever enthusiastic(/terrified) CEO, I will try to give an account of the year that focuses on the processes and challenges we underwent to get to where we are and give 5 predictions about the market, revenue potential and product.
This week, Blockdaemon has launched several new updates, but we wanted to highlight one which we feel especially strongly about: the decentralization score, which is shown on the dashboard for all protocols we support (Bitcoin, Ethereum, Aion, GoChain, Quorum, Fabric, today, with Algorand coming soon).
We at Blockdaemon are committed to making the on-ramp onto blockchains as seamless and easy as possible for developers. Ever since we started as the “Heroku-for-blockchain” a year ago, we have been dedicated to cutting through the mish-mash of protocols and platforms by making it easy to deploy and connect the major public chains and connect private chains to those in order to reap the value of decentralization.
Elvis says “Return to Bitcoin” How private chains make sense (when connected to public chains). Being a blockchain facilitator, we get asked a lot about what the use case of a stand-alone “private” chain is. Phrases like “… just a bad database” get thrown around a lot, and there seems to be a more absolute split in opinions, akin to the decentralized or not debate. I would like to shed some light on our thinking here, as well as try to establish a taxonomy to ensure we all speak about the same things.
Wittgenstein would have said Bitcoin is swell. I wanted to share some thoughts about the current lull in meaningful enterprise grade applications, and how blockchain-tech needs to evolve in order to become a prime database for commercial transactions. In a Bloomberg article from July 31st you can find the following 2 quotes:
Ode to decentralization, Stellar and AWS A lot has happened over the last 90 days — our public node deployment tool went live, we launched G-Coin™, Stellar and Quorum deployment tools and fine-tuned our enterprise offering. I would like to continue sharing some thoughts on the subject of “decentralization” and tooling for nodes since it gives context for the new developments.
Ethereum geth configuration made in Ireland You need more than the luck of the Irish to protect yourself from attacks due to misconfigured Ethereum clients. But it is a good start. Blockdaemon has a developer and deployment team in Ireland since the beginning of the year.
Node Passport: The Cypher-Citizens Passport is a Node! With the crypto-market deflating, it is a good time to connect with the original principal of blockchain: Privacy (via a node). Become an active participant in decentralization via your own node, easily deployed on Blockdaemon.