Concordium #7 2020 - Testnet 3 is a hit

Concordium Community Newsletter - Covering November 2020


Incentivized Testnet 3 is proving to be a success

On October 15th, we have released our incentivized Testnet 3 which has proven to be a success. In the first two hours after the release, our repository got forked every minute, reaching more than 16,600 views on the first day of the release, showing great interest from the community.

Today, with more than 2,500 accounts created on our reference wallets and more than 50,000 transactions sent, the participation continues to surprise both the tech and marketing team.

Concordium’s Incentivized Testnet 3, is divided into four missions around the following angles:

  • Baking

  • Identities

  • Transactions

  • User experience

In the first two weeks, our community has generated more than 900 submissions on Concordium’s public repo on Github, and 650 nodes running on the network. Besides, in Mission 2: Identities, over 1,500 identities were created using a real-life identity,  testing our anonymity revocation and ID management tools.

With the first two missions, Concordium has welcomed more than 1,500 testers and the next challenges are expected to bring more participants on board. The program will end on November 26th and we will publish a proper post-mortem to recap what was done during the missions.

New challenges coming up in November for Testnet 3

Concordium’s Incentivized Testnet 3 continues. During this month, participants are able to join the Mission 3: Transactions, in which they would have to complete several challenges including sending transactions to different community members, and sending as many transactions as possible in order to stress-test our network, and more.

In November participants will also be able to join the Mission 4: Import and Export, our last mission where we will test Concordium’s user experience and stress-test the GUI versions of our wallet.

Discover our new missions here, participate and help us testing our network towards our mainnet launch in Q1 2021.

Research and Events

2020 – The year of Proof of Stake. Major protocols in a battle

On October 14th, Concordium was invited to join a panel to discuss the state of Proof of Stake blockchains, together with representatives from Cardano, ETH 2.0, Tezos and Polkadot.

The event is called “2020 – The year of Proof of Stake. Major protocols in a battle” gathered the world’s leading experts to analyze the achievements and limitations of Proof of Stake blockchains. In the event our senior researcher Christian Matt, joined Cardano’s Chief Scientist Aggelos Kiayias, Ethereum’s researcher Dankrad Feist and experts from Tezos and Polkadot on the panel.

You can watch the recording of the event below:

Preventing an $8M attack on Ethereum’s bZx deFI platform

On September 12, the bZx decentralized finance (deFI) platformsuffered from an attack where the attacker was able to obtain control over $8 million worth of cryptocurrency.  However COBRA found out that this attack could have been discovered, and prevented, using property-based testing. Learn how COBRA could have prevented this breach here.

COBRA at the ECC 2020

COBRA’s associate professor, Bas Spitters, was part of the selective panel of experts at ECC 2020. During the workshop, the experts discussed formal verification of Elliptic Curve Cryptography Implementations.

You can watch the Youtube stream of the ECC workshop below:

Press and Content