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Yours is like Medium with a pay wall.Our mission is to improve the quality of content on the internet and we believe getting creators and curators paid directly from consumers with no subscriptions and no third-party advertisements is the best way to do this.We have launched an invite-only preview and are planning the full launch on May 30.To make micropayments of one cent, we can’t just use Stripe.Because Stripe’s fees are about 30 cents or higher, a one cent payment to a creator would cost 31 cents and 97% of the money would go to Stripe.So we have developed a micropayments solution on bitcoin.Our solution is like the lightning network, but is not dependent on segwit.We are the first and only group to demonstrate a working routed micropayment on bitcoin today.The marginal cost of a transaction on our network is zero, allowing genuine micropayments of one cent or lower.However, something changed over the past year on bitcoin while we developed our technology.Demand for bitcoin transactions has increased and the maximum block size has remained arbitrarily limited to one megabyte.

So transactions have to compete to get into a block.This has resulted in an increase in the cost for on-chain transaction fees from about five cents to about one dollar.That’s a 20-fold increase in just one year.Since our technology is based on payment channels, we have to create on-chain transactions to onboard and offboard users.Given average transaction sizes on our system, this costs about $3.This means a consumer can’t just put $1 onto the system, because that would not even cover the cost of the bitcoin transaction fees.Users would have to put far more money onto the system to make the fees worthwhile.If the user puts $10 into the system and the channel is primarily for spending, that means the average fee is 30%.In order to reach competitive levels with Stripe or PayPal, the user would have to deposit $100.That is uncomfortably high for a consumer product intended to reach a wide audience with low barrier to entry.And fees are still rising quickly.As such, we have had no choice but to investigate switching to an altcoin before launch.

Litecoin has a large economy and our technology works on litecoin with almost no changes.We like ethereum too, but ethereum is too different from bitcoin for us to easily switch.Litecoin has the best combination of economic size and technical similarity to bitcoin.On Litecoin, transaction fees are only a few cents.This means users can comfortably load only $1 onto our network while still paying negligible fees.This is a radically lower barrier to entry compared to $100 for bitcoin.Litecoin is one hundred times better for our application today than bitcoin.We are currently migrating our infrastructure from bitcoin to litecoin.We would like to thank the developers of litecore, a litecoin-based fork of BitPay’s bitcore, for making this easy for us.(Thank you for fixing this bug in particular which prevented us from switching to litecoin until now.)Mainstream apps like Yours will be how a global audience finds economic freedom with blockchain technology.Both on-chain and off-chain scaling will be necessary to achieve this vision.

Long-term, litecoin will have the same problem as bitcoin because it too has a limited block size.We intend to help with R&D on both chains to facilitate on-chain and off-chain scaling.Lessons learned on one chain can be applied to the other.Enhance governance Training and keynotes to understand the Distributed Autonomous Consensus behind Bitcoin and Ethereum protocols.Paris March 9, 2017 Get the most out of the applications Full day of Bitcoin and Ethereum courses, demos, tools and speakers to help you build, test and enhance execution efficiency in your organisation.
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It features a diverse range of training sessions and keynotes.From trainings to keynotes, you'll understand what is a « blockchain » and how its works along with others technologies such as public key cryptography, digital signature, cryptographic hash function, distributed networks and so on.William Antoine MougayarTwitter Gavin James Wood, PhDTwitter Peter ToddTwitter Lefteris KarapetsasTwitter Andrew PoelstraGithub Pierre NoizatTwitter Vidal ChriquiTwitter fabrice DrouinLinkedIn Laurent SalatTwitter Simon PolrotTwitter Albin CauderlierTwitter Benoit MariageLinkedIn What you'll learn at Merkle Conference From advanced « Smart Contract » with Solidity to MimbleWimble using the algebraic structure of Confidential Transactions, the Merkle Conference provide the best trainings you'll ever see.
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Pick up one... Bitcoin Bronze Laurent Salat Asymmetrical Cryptography and UTXO Transactions Laurent Salat ECDSA and Merkle Tree Laurent Salat The Bitcoin blocks and Proof-of-Work Vidal Chriqui Micropayment channel Bitcoin Master Peter Todd Transaction and OPCODES Andrew Poelstra MimbleWimble Pierre Noizat Merkelized Abstract Structure Tree Fabrice Drouin Lightning Network Ethereum Ruby Albin Cauderlier The « Smart Contracts » Albin Cauderlier The Ethereum balance Albin Cauderlier Blocks, transactions & consensus Simon Polrot Legal Impact of DAO & Smart Contract Ethereum Diamond Gavin Wood Parity Wallet and Daemon Gavin Wood Code, test and deploy a Smart Contract in Solidity Lefteris Karapetsas Secure smart contract development Lefteris Karapetsas Scalable decentralized applications with payment channels Explore the Merkle Conference Learn about the lastest tools and best practices to audit the right platform for the right need.
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Choose from a variety of sessions to get the most out of Bitcoin or Ethereum.Newcomers will be interested to start learning the basics within the Bitcoin Bronze ladder or the Ethereum Ruby ladder.Experts will overview and learn the lasted protocols updates in the Bitcoin Master ladder or the Ethereum Diamond ladder.What you'll find at Merkle Conference Formations for Bitcoin and Ethereum the most advanced protocols which enable trust between individuals.How accessible Learn the basic knowledge from Bitcoin or Ethereum in the first ladder.
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Thursday, March 9th 9:00 am - 9:15 am Welcoming attendees and French breakfast with croissant 9:20 am - 9:30 am Introduction to Eureka ladders + Conferences Preview with Alexandre David 9:30 am - 9:35 am Everyone split to their respective session Ladders Bitcoin Bronze Bitcoin Master Ethereum Ruby Ethereum Diamond 9:35 am - 10:20 am Laurent Salat Peter Todd Albin Cauderlier Gavin Wood 10:20 am - 10:25 am Break 10:25 am - 11:10 am Laurent Salat Andrew Poelstra Albin Cauderlier Gavin Wood 11:10 am - 11:15 am Break 11:15 am - 12:00 pm Laurent Salat Pierre Noizat Albin Cauderlier Lefteris Karapetsas 12:00 am - 1:30 pm Lunch 1:30 pm - 2:15 pm Vidal Chriqui Fabrice Drouin Simon Polrot Lefteris Karapetsas 2:15 pm - 2:25 pm Break 2:25 pm - 3:15 pm Chainpoint or Opentimestamps with Peter Todd and Gilles Cadignan 3:15 pm - 3:45 pm PriceWaterhouseCoopers Keynote with Marie-Line Ricard 3:45 pm - 4:15 pm Blockchain As A Service in Azure with Thomas Conté 4:15 pm - 4:35 pm The future of Dapps with William Mougayar 4:35 pm - 4:55 pm Blockchain, energy & p2p economy with Pierre Paperon 4:55 pm - 5:45 pm Synthesis and Q&A with William Mougayar and Pierre Paperon 5:45 pm - 6:00 pm Eureka keynote 6:00 pm - 6:05 pm Cloturing with Benoit Mariage 6:05 pm - 7:05 pm Private cocktail and book signing Conference venue and accommodations 55 Place Nelson Mandela, 92729 Nanterre The CCI Hauts-de-Seine is located next to the vibrant modern financial center of la Défense.Get involved in the biggest gathering of « blockchain » international professionals in Paris.