SHADOWBOX.SPACE

ETHEREUM

OVERVIEW

THE YEAR 2015 WITNESSED THE ARRIVAL OF ETHEREUM. ETHEREUM IS THE WORLD’S LEADING PROGRAMMABLE BLOCKCHAIN AND OFFERS ITS OWN:

  • NATIVE CRYPTOCURRENCY CALLED “ETHER” (DISCUSSED IN SECTION “A”)
  • SMART CONTRACT PLATFORM FOR BUILDING DECENTRALIZED APPLICATIONS (DISCUSSED IN THE “TECHNOLOGY” SECTION ON OUR WHITEPAPER).

FROM THAT POINT OF OUR GROWTH IN 2015, LEADING INTO LATE 2016 -EARLY 2017; WE HAD FINALLY MADE OUR MOVE TO AUTHENTICATE THE COMPONENTS REQUIRED TO REPRESENT THE VALUES (AND FRAMEWORK), THAT IS MUCH NEEDED BY THE “NEXT GENERATION” INTERNET WE WISHED TO SEE OUR NETWORK EVOLVE UPON. TO JUSTIFY OUR DIRECTION, THE TECHNOLOGICAL AMALGAM (FRAMEWORK) WE ARE REFERENCING, (AND NOW POSSIBLE BECAUSE OF ETHEREUM) PAVES THE ARDUOUS, YET VALIDATED, ROAD TO AN ON-LINE ENVIRONMENT WHERE:

  • MONEY, PAYMENTS & THE NATURE OF ALTERNATIVE TRANSACTIONS CAN BE DEPLOYED
  • USERS CAN OWN THEIR DATA
  • EVERYONE HAS ACCESS TO AN OPEN FINANCIAL SYSTEM
  • OPEN-ACCESS INFRASTRUCTURES REMAIN UNBIASED, (KINDRED TO OUR ARTIST SELECTION PROCESS) AND IS NOT GOVERNED BY A PERSON AND/OR COMPANY

A.) ETHEREUM: GENERAL

ETHER (ETH), IS DIGITAL MONEY, AND ADHERES TO MANY OF THE SAME FEATURES AS BITCOIN (BTC). ETHER CAN BE SENT TO ANYONE, ANYWHERE, AT ANYTIME; AND INITIATES A DECENTRALIZED SUPPLY UNCONTROLLED BY GOVERNMENT AND/OR COMPANY. IN OUR INITIAL PHASES, SHADOWBOX (SHBOX-ETH) WILL BE UTILIZING ITS SUPPLY OF ONE HUNDRED (100) MILLION ETH TO:

  • MAKE ALTERNATIVE PAYMENTS/TRANSACTIONS
  • CREATE A STORE OF VALUE
  • GENERATE NEW ASSET CLASSIFICATIONS
  • INITIATE COLLATERAL (AS APPLICABLE)

B.) ETHEREUM: DEVELOPERS

MOVING TO BETA (V3), WE MAY NOW PERMIT DEVELOPERS TO BECOME AN INTEGRAL PART OF OUR “CROWD SOURCED” AND “PEER-TO-PEER” NETWORK, BY OFFERING THEM OPPORTUNITIES AND INCENTIVES TO PROGRAM AND/OR BUILD NEW KINDS OF APPLICATIONS; AND CONTRIBUTE TO OUR NETWORK THROUGH OUR TERMS AND CONDITIONS IN PLAY (AS APPLICABLE). OUR GOAL, IS FOR THE DECENTRALIZED APPLICATIONS (OR “DAPPS”) THAT DEVELOPERS CAN CONTRIBUTE, TO ACHIEVE SIGNIFICANT GAIN; WHERE THE BENEFITS (FROM CAPITAL TO COMMUNITY) OF MUTUAL TRIUMPH, CRYPTOCURRENCY AND BLOCKCHAIN TECHNOLOGY ARE CONCERNED.

B.1) DAPPS

DAPPS FACILITATE NEW KINDS OF FINANCIAL APPLICATIONS BY CONTROLLING DIGITAL ASSETS. ONCE DAPPS ARE UPLOADED TO ETHEREUM, THEY WILL ALWAYS RUN AS PROGRAMMED, OFFERING A CHARACTERISTIC THAT IS NOTHING SHY OF TRUSTWORTHY. CURRENTLY, THOUSANDS UPON THOUSANDS OF DEVELOPERS ACROSS THE GLOBE ARE INNOVATING AND CONSTRUCTING APPLICATIONS ON ETHEREUM, THAT MANY PEOPLE CAN USE TODAY. HERE ARE SOME SAMPLES FOR REFERENCE:

  • CRYPTOCURRENCY WALLETS (THAT OFFER THE ABILITY TO), MAKE INEXPENSIVE (& INSTANT) PAYMENTS WITH ETHER OR OTHER ASSETS
  • FINANCIAL APPLICATIONS (THAT OFFER THE ABILITY TO), BORROW, LEND, AND/OR INVEST YOUR DIGITAL ASSETS
  • DECENTRALIZED MARKETS, (THAT OFFER THE ABILITY TO), TRANSPARENTLY SHARE PROFITS, TRADE DIGITAL ASSETS, AND/OR EVEN TRADE “PREDICTIONS” DRIVEN BY REAL WORLD EVENTS
  • GAMES (THAT OFFER THE ABILITY TO), OWN IN-GAME ASSETS, & MAKE REAL MONEY

C.) ETHEREUM: COMMUNITY

THE ETHEREUM COMMUNITY IS THE LARGEST AND MOST ACTIVE BLOCKCHAIN COMMUNITY IN THE WORLD. THIS GROUP INCORPORATES A WIDE BREADTH OF INTELLECTUAL TALENT INCLUDING (BUT NOT LIMITED TO):

  • ETHER HOLDERS
  • APP DEVELOPERS
  • ORDINARY USERS
  • ANARCHISTS
  • FORTUNE 500 COMPANIES
  • CORE PROTOCOL DEVELOPERS
  • CRYPTO-ECONOMIC RESEARCHERS
  • MINING ORGANIZATIONS;

AND, AS OF NOW, SHADOWBOX (SHBOX ERC223 – SUPPLY: ONE HUNDRED (100) MILLION). WHAT MAKES US EXTREMELY COMFORTABLE ABOUT WORKING WITH ETHEREUM, IS THAT:

  • IN THE ABSENCE OF A “CENTRALIZED” COMPONENT(S), ETHEREUM IS MAINTAINED & IMPROVED OVER TIME BY A DIVERSE GLOBAL COMMUNITY OF CONTRIBUTORS WHO WORK ON EVERYTHING FROM THE CORE PROTOCOL TO CONSUMER APPLICATIONS.
  • OUR VENTURE, JUST LIKE ETHEREUM, WAS BUILT (& CONTINUES TO BE BUILT) BY ENVISIONING A COLLECTION OF PEOPLE WORKING & THRIVING TOGETHER.
  • BULLETS (1) & (2) COMPLIMENT ONE ANOTHER, PROVING FOR AN EXTREMELY POWERFUL, & ORGANICALLY SYMBIOTIC; BODY OF UNIFICATION & COALITION

D.) ETHEREUM: ITERATION

ETH 2.0, REFERRED TO AS “THE NEXT ITERATION” OF THE WORLD’S LEADING SMART-CONTRACT BLOCKCHAIN, AND ASSURES EFFECTIVE TRANSACTION AND (NEW) SECURITY MODEL(S) UNDER PROOF-OF-STAKE (POS). ETHEREUM 2.0 IS MEANT TO HELP ETHEREUM SCALE, WITH TWO MAJOR GOALS FOCUSED ON INTRODUCING A PROOF-OF-STAKE CONSENSUS MECHANISM, WHICH WILL ELIMINATE THE NEED FOR EXPENSIVE PROOF-OF-WORK MINING; AND SHARDING, WHICH WILL IMPROVE THE SPEED & THROUGHPUT OF ETH TRANSACTIONS RATHER THAN TRYING TO BUILD THESE UPGRADES DIRECTLY ONTO THE MAIN NET. ETHEREUM 2.0 WILL BUILD OUT A FRESH (AND DETACHED) PLATFORM FROM THE MAIN CHAIN, THAT WILL EVENTUALLY REPLACE IT IN THE FUTURE. ENTREPRENEURS (AND INVESTORS ALIKE) MUST REMEMBER: “ETHEREUM 2.0 IS A MARATHON, AND NOT A RACE.”- ETHEREUM.ORG. PLEASE SEE THE “TOKEN” SECTION ON OUR WHITEPAPER FOR ADDITIONAL DETAILS REGARDING ETHEREUM; AND OUR “APPENDIXES” SECTION FOR A COMPLETE LIST OF REFERENCES AND RESOURCES PERTAINING TO THE ETHEREUM COMMUNITY. ETH 2.0 IS DETAILED FURTHER IN OUR “PROOF” SECTION ON OUR WHITEPAPER, AND ON THIS WEB PAGE.

E.) ETHEREUM: MATURITY

WE MUST ALWAYS PLAY DEVIL’S ADVOCATE IN AN ATTEMPT TO MANAGE RISK AND FOLLOW THROUGH ACCORDINGLY. LOTS OF CONCERNS HAVE BEEN SURFACING REGARDING ETHEREUM; ITS CURRENT STATE OF MATURITY; AND ITS ABILITY (READINESS) TO PERFORM IN THE MANNER IT IS EXPECTED TO BY:

  • MATURING SUFFICIENTLY AS A PROSPECTIVE & PROBATIONARY ASSET & COMMODITY
  • ADAPTING TO AN EXCHANGEABLE LEVEL OF SUPERIOR & DIVERSIFIED TRADE
  • HANDLING EXPOSURE, RISK, VOLATILITY, & SCALABILITY OVER THE “LONG” & “SHORT” TERM (IF YOU CAREFULLY DISSECT THE VOLUME OF ‘CRYPTOCURRENCY MARKET CAPITALIZATION’, ACTUALLY CONNECTED TO ETHER),
  • EXPOSING VARIANCE & VALUATION (OVER A SHORT LENGTH OF TIME), IN TURN CAUSING FOR THE PROBABLE ENCOUNTER OF NOTEWORTHY REFINEMENT & REVISION; BY WHICH IS RE-ECHOED IN A FIXED FASION, ACROSS SEVERAL CRYPTOCURRENCY PROJECTS CURRENTLY IN MOTION.

WE TRULY BELIEVE THAT ETHEREUM HAS REAL FUNCTIONALITY BACKED BY “REAL” RECEIPTS AND USE CASES, THAT DISPLAY “REAL” PEOPLE, FIRMS, AND GOVERNMENTS BEGINNING TO USE THE NETWORK. THE STRUCTURE OF THE ETHER MARKET IS EXTREMELY KINDRED TO EXISTING AND ESTABLISHED COMMODITY MARKETS (PROVIDING FOR STANDARDS ALREADY IN EXISTENCE FOR THOSE MARKETS TO BE APPLIED TO ETHER IN THE NEAR FUTURE).

G.) ETHEREUM: SHBOX & PROOF

FROM A “CENTRALIZED” POINT OF VIEW, WE STRIVE TO DISPLAY THE PRINCIPLE ATTRIBUTES BEHIND THE NATURE OF “STAKE” AND THE DEFINITION OF “WORK”. THE SHADOWBOX NETWORK AND TOKEN WILL DISPLAY PROOF-OF-STAKE (POS) AND PROOF-OF-WORK (POW), BY OFFERING STAKE IN A TOKENIZED  (AND “NON-TRADITIONAL”) “VIRTUAL” ASSET THAT IS SUPPORTED BY AN AUTOMATED CROWD SOURCED (PEER-TO-PEER) OPERATION THAT IS SYSTEMATICALLY AND METHODOLOGICALLY:

  • DISTRIBUTING
  • PROMOTING
  • BROADCASTING
  • SERVICING
  • PRODUCING
  • EARNING

AROUND THE CLOCK – ON A GLOBAL WIDE LEVEL, IN ROUGHLY THE SAME MANNER A THAT A “TANGIBLE” AND “TRADITIONAL” (ONLINE) MARKET PLACE WOULD ATTEMPT TO DO SO.

ON THE BLOCKCHAIN, (WITH USE OF CRYPTOCURRENCY) WE CAN DRAFT OUR BLUEPRINTS MORE EFFECTIVELY AND BUILD OUT OUR MACHINE (THAT FACILITATES SHARED PROFITS AND SOCIAL BANKING METHODS) IN A MUCH MORE PRODUCTIVE (AND STREAMLINED) FASHION. FOR THE PURPOSE OF DISCUSSION, BY Q4 2021, THE SHADOWBOX BETA (V3) GROWTH MODEL ASPIRES TO REACH A RATE OF (63-81%) EFFICIENCY, OFFERING (19-57%) OF OPEN SPACE FOR MINERS AND DEVELOPERS TO ASSIST IN THE IDENTIFICATION OF NEW VALUE AND ASSET CLASSIFICATION THAT IS ENCOMPASSED WITHIN OUR OF EVOLVING FUND, MARKETPLACE, AND REGISTERED ERC 223 TOKEN (AS APPLICABLE); AND EQUALLY WITH THE DEVELOPMENT OF NEW APPLICATIONS. PLEASE SEE “CONSENSUS ALGORITHM” FOR ADDITIONAL DETAILS.

G.1) ETHEREUM: CONSENSUS ALGORITHM

ETHEREUM IS CURRENTLY WORKING ON THE PROOF-OF-WORK PROTOCOL, WHICH IS THE ENGINE THAT DRIVES ETHEREUM ACROSS THE NODES. IN THE NEAR FUTURE, ETHEREUM WILL BE MAKING A SHIFT TO THE PROOF- OF-WORK CONSENSUS PROTOCOL.

G.2) PROOF-OF-WORK: ETHASH

ETHEREUM CURRENTLY FABRICATES THE (POW) ALGORITHM, BUT SPECIFICALLY BUILT THE ETHEREUM BLOCKCHAIN “ETHASH”, WHICH MAKES USE OF THE INNOVATIVE “MEMORY HARDNESS”, THAT CONSIDERABLY LOWERS THE REQUIRED MEMORY USED FOR MINING IN COMPARISON TO ITS CONTEMPORARIES (LIKE BITCOIN). THE INTENT BEHIND MEMORY HARDNESS IS TO UNDERCUT LARGE MINING FARMS AND MINING POOLS FROM ACHIEVING AN UNWANTED SURPLUS OF INFLUENCE OVER THE SHADOWBOX VENTURE. THE FUNCTION IS BUILT ON THE PRINCIPLE THAT THE COMPUTATIONAL PERFORMANCE IS LIMITED BY THE MEMORY CAPACITY OF YOUR COMPUTER, AS OPPOSED TO ITS COMPUTING POWER SOLELY.

ETHEREUM’S PROOF-OF-WORK CONSENSUS MODEL MEANS THAT THIS CAN TAKE ANYWHERE FROM THREE TO EIGHTEEN MINUTES, DEPENDING ON NETWORK CONGESTION. AS A RESULT, DEPLOYING CODE ON ETHEREUM DEMANDS THE LEVEL MAGNITUDE THAT IS MUCH MORE EXPENSIVE THAN USING A CENTRALIZED SERVICE LIKE AWS, AT A DRASTICALLY SLOWER TEMPO.

G.3) PROOF-OF-STAKE

AS OPPOSED TO PROOF-OF WORK, THE PROOF-OF-STAKE CONSENSUS ALGORITHM ALLOWS COIN OWNERS TO SUBMIT A PORTION OF THEIR ETHEREUM FOR STAKING (THE CURRENT ESTIMATE IS 32 ETH). ONCE STAKED, THE CONSENSUS ALGORITHM WILL EMPLOY THESE STAKES FOR VERIFYING BLOCKS. STATED ON ETHEREUM.ORG; “PROOF-OF-STAKE (POS) IS A CATEGORY OF CONSENSUS ALGORITHMS FOR PUBLIC BLOCKCHAINS THAT DEPEND ON A VALIDATOR’S ECONOMIC STAKE IN THE NETWORK.”

IN PROOF-OF-STAKE, WE CAN SCRUTINIZE TWO (2) DISTINCT KINDS OF ALGORITHMS: A CHAIN-BASED PROOF-OF-STAKE; A BYZANTINE FAULT TOLERANCE-STYLE PROOF-OF-STAKE: IN A CHAIN-BASED PROOF-OF-STAKE STAKED, SELECTION PROCESS OF “STAKERS” IS DONE PSEUDO-RANDOMLY PER BLOCK AT A SET TIME. WHEN A USER IS SELECTED, THE CONSENSUS ALGORITHM ALLOWS THE USER TO CREATE THE NEXT SINGLE BLOCK.

G.4) BYZANTINE FAULT

A BYZANTINE FAULT TOLERANCE-STYLE (BFT-STYLE) PROOF GIVES RANDOM USERS THE RIGHT TO PROPOSE THE NEXT BLOCK. HOWEVER, AGREEMENT FOR THE ORIGINAL BLOCK TAKES PLACE THROUGH MULTIPLE PROCESS ROUNDS, WHERE (VALIDATION) AND VOTE FOR EACH BLOCK IS PLACED BY THE VALIDATOR PARTIES IN THAT CURRENT ROUND. THEN, IN THE FINAL ROUND, A NEW BLOCK WILL BE PERMANENTLY ADDED TO THE CHAIN.

G.5) THE BEACON CHAIN: BRINGING PROOF-OF-STAKE TO ETHEREUM

THE BEACON CHAIN IS INTENDED TO SERVE AS THE NERVOUS SYSTEM FOR ETHEREUM 2.0 AND INTRODUCE A PROOF-OF-STAKE CHAIN THAT WILL INITIALLY RUN PARALLEL TO ETHEREUM’S PROOF-OF-WORK CHAIN. CURRENTLY, ETHEREUM RUNS ON A PROOF-OF-WORK BLOCKCHAIN WHERE MINERS COMPETE TO SOLVE A DIFFICULT CRYPTOGRAPHIC PROBLEM (PLEASE REFERENCE “CONTESTS” IN THE “MARKETING” SECTION ON OUR WHITEPAPER). THE SOLUTION TO THIS PROBLEM IS EASY TO VALIDATE, BUT DIFFICULT TO FIND, WHICH MEANS THAT PROOF OF CONSENSUS MAY REQUIRES A SUBSTANTIAL INVESTMENT IN HARDWARE AND ELECTRICITY COSTS. SHADOWBOX WILL CURATE AND CROWD-SOURCE THE FINEST SETS OF HUMAN CAPITAL THROUGH GROWTH HACKING AND INCENTIVIZING TO SEARCH SOLUTIONS AROUND THE CLOCK.

WITH PROOF-OF-STAKE, CONSENSUS IS ALTERNATIVELY ACHIEVED THROUGH A SET OF NODES KNOWN AS VALIDATORS. EACH OF THESE VALIDATORS “STAKES” A CERTAIN AMOUNT OF ETH TO PARTICIPATE IN THE CONSENSUS PROCESS. VALIDATORS PROPOSE NEW BLOCKS TO ADD TO THE CHAIN AND VALIDATE NEW TRANSACTIONS THROUGH A VOTING PROCESS. VALIDATORS ARE REWARDED FOR GOOD BEHAVIOR AND PENALIZED FOR “BAD BEHAVIOR”, LIKE VOTING ON INVALID TRANSACTIONS. (PLEASE REFERENCE: “CONTESTS” IN THE “MARKETING” SECTION ON THIS WHITEPAPER).

THE BEACON CHAIN IS DESIGNED TO MAINTAIN A VALIDATOR COMPENDIUM FOR PROOF-OF-STAKE CONSENSUS, BY WHICH CAN PROPOSE AND “VALIDATE” NEW BLOCKS TO ADD TO THE CHAIN. RESEARCH STATES THAT A “STAKE OF 32 ETH IS PROVIDED FOR EACH VALIDATOR”, AND THAT THE BEACON CHAIN ALSO RANDOMLY SELECTS COMMITTEES OF 120 VALIDATORS TO VOTE ON WHICH BLOCKS TO INCLUDE IN THE CHAIN. PROOF-OF-STAKE (INTRODUCED UPON BITCOIN’S ARRIVAL SEVERAL YEARS AGO), IN OUR OPINION, IS A:

  • CRITICAL CONCEPT TO SURVEY AND SCRUTINIZE
  • REGULATORY MEASURE THAT MUST BE DEPLOYED WITHOUT FLAW,
  • PROTOCOL THAT POSSESSES THE POTENTIAL TO LEAD TO GOVERNEDCONTROL BY A MINUSCULE COHORT OF WEALTHY VALIDATORS

THE ETHEREUM 2.0 ROADMAP (DISCUSSED BELOW) SEEKS TO ADDRESS VARIOUS ISSUES RELATED TO “PROOF” BY EXPERIMENTING WITH ECONOMIC INCENTIVES AND GAME THEORY (A CENTRAL AND CRITICAL THEORY WITHIN OUR OWN OPERATIVE MODELING AGENDA); YET THE CONSENSUS DICTATES THAT IT IS STILL TOO EARLY TO ADDRESS ANY FORTHCOMING SPECIFICS. PLEASE SEE THE “THEORIES” SECTION ON THIS WHITEPAPER FOR ADDITIONAL INFORMATION REGARDING THE INTEGRATION OF “GAME THEORY” INTO OUR BUSINESS MODELING AND METHODOLOGIES.

H.) ETHEREUM: PHASES

ETHEREUM DEVELOPERS HAVE INTRODUCED THE ETHEREUM 2.0 ROADMAP THAT INCLUDES PROOF-OF-STAKE, SHARDING (DETAILED BELOW), AND MUCH MORE. IF ETHEREUM 2.0 CAN SOLVE HARD PROBLEMS AROUND PROOF-OF- STAKE AND SHARDING, IT COULD BE WELL POSITIONED TO MAINTAIN ITS LEAD AS THE BIGGEST SMART-CONTRACT-COMPUTING PLATFORM IN ‘CRYPTOCURRENCY’. ETH 2.0, THE NEXT ITERATION OF THE WORLD’S LEADING SMART-CONTRACT BLOCKCHAIN, PROMISES HIGHER TRANSACTION THROUGHPUT AND A NEW SECURITY MODEL UNDER PROOF-OF-STAKE (POS).

WHEN ETHEREUM 2.0 LAUNCHES, USERS CAN BECOME A STAKING AGENT BY TRANSFERRING (32) ETH TO A CONTRACT. STAKING (32) ETH WILL RESULT IN APPROXIMATELY (4.6%) TO (10.3%) IN REWARDS. BITMEX RESEARCH CURRENTLY SAID IN ITS REPORT ON ETHEREUM 2.0: “IF MORE THAN 32 ETH ARE SENT TO THE CONTRACT, THEN THE STAKER DOES NOT RECEIVE BENEFITS FROM THESE ADDITIONAL COINS AND IF LESS THAN 32 ETH ARE SENT, THE STAKER WILL NOT ACTIVATE. THEREFORE TO TRANSFER ETH INTO ETH 2.0, ONE SHOULD DO IT IN BATCHES OF 32 COINS. EACH BATCH OF 32 ETH CAN BE A SEPARATE STAKING AGENT.” FURTHER VALIDATING OUR INTENT, RECENT RESEARCH DICTATES THAT THE REWARDS “STAKERS” CAN EARN THROUGH (32) ETH, WHICH AT THE TIME OF THIS NOTATION, IS WORTH NEAR $6,500.00; HAVE INSPIRED THE DEMAND FOR ETH TO ASCEND IN RECENT MONTHS.

I.) ETHEREUM: SHARDING

SHARDING PROPOSES TO SOLVE THIS PROBLEM IN ETHEREUM 2.0 AND HELP ETHEREUM SCALE. ‘SHARDING’ REFERS TO PARTITIONING A LARGE DATABASE INTO SMALLER, FASTER PIECES KNOWN AS SHARDS. EACH SHARD WILL HAVE ITS OWN CHAIN OF TRANSACTIONS. ETHEREUM ACCOUNTS WILL BE ASSIGNED TO A SHARD AND CAN TRANSACT WITH OTHER ACCOUNTS ON THAT SHARD. EVENTUALLY, THE IDEA OF ETHEREUM 2.0 IS TO FACILITATE CROSS-SHARD COMMUNICATION, BUT THAT WON’T COME UNTIL PHASE (2) OR LATER. ON ETHEREUM 2.0, SHARDING WORKS AS THE SHARED DATA LAYER FOR THE NETWORK. INITIAL SHARDING FOR ETHEREUM 2.0 ISN’T EXPECTED TO LAUNCH IN 2020-2021, SERVICING US WITH PROPER TIMING PER OUR DEVELOPMENT PHASES AND RELEASE AGENDA.

THE ETH 2.0 TEAM CONTINUES TO EXAMINE HOW TO PACKAGE THE CURRENT ETHEREUM NETWORK, A PROOF-OF-WORK (POW) NETWORK, INTO ETH 2.0. DUBBED “ETH 1.5”, (2) TWO OPTIONS HAVE BEEN PROPOSED: TRANSITIONING ETH 1.X INTO “STATELESS CLIENTS,” AS DETAILED IN A DECEMBER BLOG POST FROM BUTERIN, MERGING ETH 1.X INTO THE ETH 2.0’S BEACON CHAIN “AS IS.” THE CURRENT ETHEREUM BLOCKCHAIN CAN EITHER BE SLICED INTO DIGITAL RECEIPTS PROVING THE AUTHENTICITY OF OLD POW TRANSACTIONS OR ETH 1.X CAN WORK WITHIN ETH 2.0 THROUGH INTEROPERABILITY BRIDGES UNTIL THE NEW CHAIN IS FULLY BUILT OUT.

K.) ETHEREUM: MAP

THE EVOLUTION OF ETHEREUM 2.0, INVOLVES A SEVEN (7) “PHASE” AGENDA THAT WILL SPAN ACROSS SEVERAL YEARS, AS MANY OF THE “PHASES” ARE STILL UNDERGOING FIELDWORK. WHILE AWAITING THE TECHNICAL SPECIFICATIONS TO BE RELEASED, DEVELOPERS WILL NOT BEHOLD THE ABILITY TO BUILD UPON ETHEREUM 2.0, UNTIL THESE FIRST THREE PHASES* ARE CONCLUDED:

  1. PHASE 0-BEACON CHAIN: THE BEACON CHAIN IS A PROOF-OF-STAKE CHAIN THAT WILL RUN PARALLEL TO ETHEREUM’S PROOF-OF-WORK CHAIN. INITIALLY, THE BEACON CHAIN WILL BE ENGINEERED FOR SIMPLICITY & WILL SUPPORT NEITHER SMART CONTRACTS NOR ACCOUNTS.
  2. PHASE 1-BASIC SHARDING: SHARDING IS INTENDED TO HELP TRANSACTIONS SCALE BY DIVIDING THE NETWORK ACROSS MULTIPLE SHARDS, ALLOWING THE NETWORK TO PROCESS MANY TRANSACTIONS CONCURRENTLY.
  3. PHASE 2-EWASM: THE EWASM IS ESSENTIALLY A REBUILT ETHEREUM VIRTUAL MACHINE THAT SUPPORTS PROOF-OF-STAKE & SHARDING. IT WILL INTRODUCE SMART CONTRACTS, ACCOUNTS, & MORE TO ETHEREUM 2.0.

*PLEASE NOTE: THIS ORGANIZED PROCESS IS INTENDED TO TEST EACH UPGRADE TO THE PROTOCOL IN A SAFE ENVIRONMENT WITHOUT COMPROMISING SECURITY.

L.) ETHEREUM: ENCAPSULATION

FOR ENDEAVORS LIKE SHADOWBOX (SHBOX-ETH), AIMING TO INSTILL (AS APPLICABLE) A SYSTEM FOR TRADING AND/OR DIVERSIFYING WITH ETHER, AS ETHEREUM UNDERGOES THE NECESSARY AND FUNDAMENTAL CHANGES IT MUST MAKE TO ACHIEVE THE VALIDITY AND PROOF AT HAND, WE ROUTINELY APPRAISE AND ANALYZE THE COMPLICATIONS POTENTIALLY CORRELATED WITH PROSPECTIVE INTRINSIC SHORTCOMINGS RELATIVE TO SPEED AND SCALABILITY. SOLVING THESE PROBLEMS, WHILE MAINTAINING DECENTRALIZATION OF THE PROTOCOL, IS THE CORE PRIORITY OF ETHEREUM (2.0).

M.) ETHEREUM: DEVELOPMENT

THE DEVELOPMENT PROCESS HAS EVOLVED SINCE OUR INITIAL (AND OFFICIAL) STEP INTO THE CRYPTO/BLOCKCHAIN SPACE IN THE FALL OF 2017, AND HAS INCLUDED DUE DILIGENCE AND PATIENCE (SURROUNDING THE ICO BOOM OF 2017-18) INVOLVING (BUT NOT LIMITED TO):

  • EDUCATION (UNITED STATES & MALTA BASED)
  • SELECT LEGAL JUDGEMENTS
  • SELECT COURT RULINGS
  • ERC 20 & ERC 223 TOKEN CREATION
  • MULTIPLE ROUNDS BETA/SOFTWARE TESTING
  • CASE STUDIES
  • TESTING UNIVERSITY INTERNSHIPS
  • NEW PARTNERSHIPS
  • MARKET & MODELING VALIDATION
  • MENTORSHIPS & ADVISORY BY WHICH OUR WHITEPAPER DETAILS THOROUGHLY FOR REVIEW

N.) ETHEREUM: NEED

TO DATE, WHERE MARKET DISCOVERY IS CONCERNED, IT HAS BEEN ESTABLISHED ON OUR BEHALF (IN CONJUNCTION WITH THE ABUNDANCE OF INAUGURATED STUDIES COMMISSIONED BY THE WORLD BANK AND VARIOUS SELECT RESOURCES LISTED IN OUR UPDATING APPENDIXES), THAT BY THE YEAR 2025, THE GLOBAL CROWDSOURCING MARKET COULD REACH A VALUATION BETWEEN ($90.4-$96.7) BILLION (REPRESENTING ROUGHLY (1.8-2.2) TIMES THE SIZE OF THE GLOBAL VENTURE CAPITAL INDUSTRY). EARLY ON, (SINCE INCEPTION AND LAUNCH BETWEEN THE PERIODS 2013-2014) THE UNITED STATES ALONE HAD ALREADY DISPLAYED A SHADOWBOX USER BASE FOR OUR VENTURE THAT PROVIDED FOR:

  • (53) MILLION POTENTIAL CUSTOMERS/CONTRIBUTORS
  • A UNITED STATES/SELECT GLOBAL (TERRITORIAL-SELECTIVE) VALUE OF ($715-$980) MILLION

AS WE REPORT THE DATA TODAY, WE SEE:

  • (336) MILLION POTENTIAL CUSTOMERS/CONTRIBUTORS
  • A UNITED STATES/GLOBAL (TERRITORIAL-SELECTIVE) VALUE OF ($26-$41BILLION)

O.) ETHEREUM: SHADOWBOX LAUNCH – @SXSW

GIVING THE SHADOWBOX CORPORATION THE ABILITY TO EXECUTE CRITICAL MEASURES; PARTICULARLY THE EFFORT TO MARKET ITS CONCEPT THROUGH AN AGGRESSIVE (YET LEAN) LAUNCH, SO GENUINE VALIDATION AND (DUE DILIGENCE) COULD BE STAMPED UPON PRODUCT DEVELOPMENT PRACTICES PRIOR TO COMMITTING TO FURTHER PRODUCT (BETA-PROTOTYPE) DEVELOPMENT AND ARCHITECTURE. THE FIRM WAS ADAMANT ABOUT SEIZING AN ENVIRONMENT CAPABLE OF HOUSING ALL OF THE TARGET MARKETS IN PLAY, ACROSS AN ATTENDEE (MINIMUM) CAPACITY NO LESS THAN (250,000-350,000). THE ENVIRONMENT SELECTED WAS THE ANNUAL (COVETED AND GLOBALLY ACCLAIMED) SOUTH BY SOUTHWEST (SXSW) CONFERENCE AND FESTIVAL THAT DISTINCTLY SUPPORTS MARKET SPACES INCLUDING:

  • INTERACTIVE
  • VENTURES
  • ECO
  • MUSIC
  • FILM
  • NEW TECHNOLOGY – MOST RECENTLY ED-TECH (SXSW-EDU)

AFTER TEN (10) FULL DAYS, OUR HYBRID TEAM DEPARTED AUSTIN, TEXAS WITH IMMENSE GRATITUDE, AFTER PITCHING AND PROMOTING OUR VENTURE TO ROUGHLY 73.5% OF THE CONFERENCE WHICH CLOCKED (375,000 – 400,00) ATTENDEES. WE STATE THAT THE SHADOWBOX LAUNCH WAS A TRUE SUCCESS, SENDING US BACK TO SAN FRANCISCO, CALIFORNIA; WITH A SUSTAINABLE AND STEADY AGENDA BY WHICH WE COULD:

  • GENERATE TRACTION AND USER ACQUISITION
  • BUILD OUT A BETA PLATFORM INTO SELECT COMPONENTS (PER CONSUMER INTEREST)
  • TEST EACH ONE VIA MULTI-SITE INFRASTRUCTURE
  • SENSITIVELY START THE TESTING & INITIATION PER MONETIZING/DISTRIBUTING
  • STRENGTHEN ITS USAGE MODELS ACROSS PAY-FREEMIUM MARKET
  • ACQUIRE COMMUNITIES OF USERS/CONTRIBUTORS INTERESTED IN OUR SHARED ECONOMIC APPLICATION

SINCE LAUNCH IN 2014, THE TRANSFORMATIONS ACROSS TECHNOLOGY AND HUMAN LABOR HAVE SPOKEN IN A MANNER BY WHICH WE HAVE COMPREHENDED; AND CONTINUED TO RESEARCH AND/OR REACT TO. IT’S HIGHLY EVIDENT THE MARKETS ARE MUCH LARGER (AND NOW EVEN LARGER DUE TO THE PANDEMIC), THE PROBLEMS ARE GREATER, AND THE DEMAND FOR OUR PRODUCT IS REACHING A PEAK BEYOND OUR FORECASTS AS A WE ARE LIVING THROUGH A STATE OF DETRIMENTAL AFFAIRS, BY WHICH OUR WORLD IS KEEPING PIECE OF UNCERTAINTY IN ITS BACK POCKET AT ALL TIMES. LAUNCHED PROPERLY THROUGH (10) DAYS IN 2014, AT A GLOBAL CONFERENCE BOASTING MAJOR INTEREST IN:

  • FILM
  • MUSIC
  • TECHNOLOGY
  • EDUCATION
  • PHILANTHROPY
  • ENTREPRENEURSHIP

AND HAS SOFTLY MARKETED THROUGH VARIOUS (AND INFLUENTIAL) EVENTS, CONFERENCES, CONCERTS, AND MEETINGS WORLDWIDE LEVEL. SOUTH BY SOUTHWEST (SXSW) AND HAS SINCE ACQUIRED THOUSANDS OF ARTISTS, DISTRIBUTION PARTNERS INDUSTRY PROFESSIONALS, AND SUPPORT SYSTEMS. CURRENTLY, ON TOP OF THE MAJOR INCREASE IN EMPHASIS ON AMERICAN EQUITIES AND THE BOND MARKETS, RESEARCH HAS CLEARLY DICTATED THAT CRYPTOCURRENCY IS SCHEDULED TO HAVE AN EXCITING FEW MONTHS OF TRADING AHEAD OF ITSELF DUE TO A NUMBER OF FUNDAMENTAL FACTORS, INCLUDING CRITICAL PREPARATION FOR A MASSIVE (2020-2021) BREAKOUT PERIOD. AS IT HAS BEEN SUGGESTED, THOUGH, THAT THE YEAR BEFORE US HEADING INTO A FAVORABLY (IN REFERENCE TO VIRTUAL ASSETS UNDER EXCHANGE AND MANAGEMENT) FORECASTED WILL GET EVEN BETTER, DESPITE THE RESPECTFUL INSINUATIONS SURROUNDING THE DISCUSSION OF “PREMATURE PHASES”.

P.) ETHEREUM: PROGRESS

TO RELAY INFORMATION THAT IS “UP TO DATE”, WE SHOULD BEGIN WITH REFERENCE TO THE REPORT COVERED MAY 27, 2020 ENTITLED “AHEAD OF ETHEREUM 2.0 LAUNCH, 3 KEY METRICS POINT TO ETH PRICE SURGE”, AS THREE (3) MORE DISTINCT MEASURES HAVE PROVEN OUR POSITION.

  1. RISING MARKET ACTIVITY: THE INCREASE IN ETHEREUM INDICATES THAT THE MARKET IS BECOMING MORE EVENLY DISTRIBUTED AMONG RETAIL & INSTITUTIONAL INVESTORS, & THAT MORE INVESTORS ARE GENERALLY TRYING TO ACQUIRE ETH BEFORE THE RELEASE OF ETHEREUM 2.0, (SEEKING ELIGIBILITY FOR STAKING REWARDS OVER TIME). SINCE INSTITUTIONS & ACCREDITED INVESTORS PRIMARILY USE THE GRAYSCALE ETHEREUM TRUST TO INVEST IN ETHER IN A STRICTLY REGULATED ECOSYSTEM, IT EQUALLY SUGGESTS THAT THERE IS A RISING INSTITUTIONAL DEMAND FOR ETHEREUM.
  2. RISING USER ACTIVITY: DATA FROM ETHERSCAN.IO SHOWS THE LEVEL OF USER ACTIVITY ON THE ETHEREUM BLOCKCHAIN NETWORK IS INCREASING IN ANTICIPATION OF ETHEREUM 2.0. (FEATURE CHARACTERISTICS ARE LISTED IN THE “ETH 2.0” SUB-SECTION UNDER “ETHEREUM). 2.0 SHOWCASES A SYSTEM THAT PROVIDES INTEREST ON ETHER HELD OVER TIME. THE ARTICLE EQUALLY DETAILS THAT INSTITUTIONS & ACCREDITED INVESTORS HAVE PUT THE HEAVIEST AMOUNT OF TRUST IN “GRAYSCALE ETHEREUM TRUST” WHEN PLACING ETHER INVESTMENTS UNDER A “STRICTLY REGULATED ECOSYSTEM”, (BY WHICH OUR “PROLOUGUE” STRESSES THE IMPORTANCE OF). RETAIL, AND/ OR, BUREAUCRATIC DEMAND, & MUCH MORE PROGRESSION IS IMMINENT, PROVING AN EARNEST MODE OF APPEAL TO AN INCREASING AMOUNT OF INSTITUTIONAL INVESTORS; WHILST VALIDATING THE IMPACTING DEMAND ON THE RISE FOR ETH. ASSETS UNDER MANAGEMENT PER GRAYSCALE ETHEREUM TRUST GREW FROM $11.7 MILLION TO $276.5 MILLION OVER THE LAST YEAR ALONE.
  3. DAILY GAS ACTIVITY: AS A TOKEN, “GAS” IS UTILIZED TO POWER UP THE ETHEREUM NETWORK, AND FEES MUST BE PAID BY USERS IN “GAS” IF THEY WISH TO FINANCIALLY TRANSACT, TRANSFER SMART CONTRACT DATA AND/OR PAYMENTS. IT’S IMPORTANT TO REALIZE THAT CURRENTLY, TOTAL DAILY GAS CONSUMPTION REACHED SIXTY-ONE (61) BILLION ON 05.23.2020, WHICH IS DOUBLE THAT OF JANUARY 2019. ETHER HAS INCREASED DRAMATICALLY, EVEN IN THE PEAK OF THE PANDEMIC, & CONTINUES TO DEMONSTRATE A HEALTHY RECOVERY TREND FOR ETH. DATA PER ETHERSCAN.IO VALIDATES THAT THE USE OF GAS ON “ETHEREUM” HAS REACHED A RECORD HIGH LEVEL. AND, LET US NOT TO FORGET TWO KEY FACTS OF EXAMINATION POINTING TO:
  • ONLY 35 COUNTRIES IN THE WORLD W/ A POPULATION OF MORE THAN (40) MILLION.
  • CURRENTLY (40 MILLION) ETH ADDRESSES. ETH IS NOW MORE WIDELY USED MONEY THAN (80%) OF COUNTRIES AROUND THE WORLD

POINT BLANK, ETHEREUM CURRENTLY DEFINES AN UPTREND ACROSS FUNDAMENTAL METRICS THAT HAVE INVERSE CORRELATION WITH FUTURE PRICE TRENDS. THE BALANCES OF ETHER EXCHANGES’ ARE CURRENTLY WITNESSING LEVELS NOT SEEN SINCE DECEMBER OF 2016, SUGGESTING THAT ETHEREUM IS ON THE FOREFRONT OF A BREAKING OUT. IF HISTORICAL TRENDS REPEAT AND/OR RHYME IN ACCORDANCE, PERTINENT MARKET ENTRY CAN BE CONCLUDED. (ETHER IS CURRENTLY CAUGHT WITHIN A SEMI-LARGE TRADING SWEEP BETWEEN $125.00 AND $145,000.00 OPENING UP A GAP FILLED WITH OPPORTUNITY.

Q.) ETHEREUM: DELIBERATION

CONSIDERATION OF THE “DIGITAL DOLLAR” WAS DEPLOYED RIGHT AS THE OFFICIAL ECONOMIC STIMULUS BILL (CURRENTLY IN PLAY) WAS PASSED; AND THE DRAFT OF THE “ECONOMIC STIMULUS BILL” PROPOSED BY SPEAKER OF THE HOUSE NANCY PELOSI, WAS LEAKED JUST IN TIME TO CONVEY SOME INFORMATION THE WORLD (PARTICULARLY IN OUR SHOES) NEEDED TO HEAR. THE LEAKED “BILL” BEGGED THE CONFIDENT INAUGURATION OF THE “DIGITAL DOLLAR” AS MEANS TO DELIVER PAYMENTS TO CITIZENS OF THE UNITED STATES DIRECTLY. AT THIS POINT IN TIME, THE WORLD OF CRYPTOCURRENCY AND VIRTUAL ASSETS TRANSITIONED INTO A WORLD MUCH MORE FREE FROM HARDSHIP. ALSO AT THIS POINT IN TIME, INTERESTS AND IDEAS (SIMILAR TO THOSE ENCOMPASSED IN THE LEAKED FILES) BEGAN TO ARISE IN A SENATE BILL THE VERY NEXT DAY. OHIO DEMOCRAT SHERROD BROWN INTRODUCED AN ABSTRACTION REGARDING THE PROSPECTIVE REQUIREMENT FOR FEDERAL RESERVE’S MEMBER BANKS TO OPEN AND MAINTAIN DIGITAL DOLLAR WALLETS TO ALL CUSTOMERS.

THESE ARE SIMPLE NOTES REGARDING MILESTONES ALONG THE CORRECT PATHWAY TO ECONOMIC RECOVERY AND GOVERNANCE. EVEN THOUGH THE INTEREST IN THE “DIGITAL DOLLAR” LEAKED THROUGH DOCUMENTS THAT DIDN’T MAKE IT INTO THE OFFICIAL STIMULUS PACKAGE PASSED BY CONGRESS, THE INDICATION THAT THE UNITED STATES HAS OFFICIALLY EXHIBITED AN IMMENSE INTEREST PER:

  • VIRTUAL ASSET SPACE
  • THE ADVANCED PROJECTS ACROSS SEVERAL CENTRAL BANKS WORLDWIDE
  • BECOMING FIRST TO ISSUE NEW KINDS OF CURRENCY

R.) ETHEREUM: SOCIAL, DISTANCE, & DANGER

DETAILED IN OUR BIO AND REFERENCED THROUGHOUT THIS REPORT, WE STATE THAT OUR HEADQUARTERS IN SAN FRANCISCO, CALIFORNIA, AND OUR SECOND LOCATION OPENING UP IN 2021 (NEW YORK – MANHATTAN), IS LOCATED WITHIN AN “ACADEMIC INCUBATOR” FOCUSED ON DATA SCIENCE, MACHINE LEANING, AND ROBOTICS AMONGST OTHER ELITE AND PERTINENT DISCIPLINES). OUR POINT BEING, IS THAT WE’VE SEEN THE TRANSFORMATION BLOSSOM IN REAL TIME OVER THE PAST (5) YEARS, AND PRIOR TO THE THE DAWN OF COVID-19, THE STATE OF THE WORLD WAS ALREADY FACING AN ECONOMIC IMPACT PER THE EVIDENT INCREASE PER AUTONOMOUS CULTURE. WE HAVE ALWAYS SEEN THE NEED TO FACILITATE “HUMAN COLLABORATION”, IN PART BY ITS AUTHENTIC APPROACH TO COMBATTING ANY FORMALITY THAT MAY OR MAY NOT INFLUENCE FURTHER RISE OF MACHINES. THE STATE OF CRISIS BEFORE US HAS:

  • HALTED THE CONCEPT OF “HUMAN COLLABORATION”
  • OPENED DOORS WIDE OPEN FOR “OTHERS” TO WIDEN THE GAP
  • IS OPERATING THROUGH TRENDS WE FORECASTED FOR YEARS 2025-2028

S.) ETHEREUM: RESOURCES

S.1) IMMEDIATE RESOURCES-GENERAL

  • ETHEREUM.ORG
  • ETHEREUM.ORG/DAPPS
  • ETHEREUM.ORG/LEARN
  • ETHEREUM.ORG/DEVELOPERS

S.2) IMMEDIATE REFERENCES-PROOF

  • PROOF-OF-WORK-ETHASH: HTTPS://GITHUB.COM/ETHEREUM/WIKI/WIKI/ ETHASH
  • PROOF-OF-STAKE; CASPER, (ETHEREUM 2.0) / ETHEREUM’S FAQ FOR THEIR PROOF-OF-STAKE: HTTPS://GITHUB.COM/ETHEREUM/WIKI/WIKI/PROOF-OF- STAKE-FAQS
  • PROOF-OF-STAKE – HTTPS://GITHUB.COM/ETHEREUM/WIKI/WIKI/PROOF- OF-STAKE-FAQS#WHAT-IS-PROOF-OF-STAKEVALIDATION

SUMMARY

WE PRIDE IN STRIVING FOR CREDENCE AND CONVICTION, GIVING US TRUST IN THE IN THE VALIDATED MEASURES PER:

  • OPPORTUNITY
  • RESOURCE
  • PROFITABILITY

AS THE ACUTE POWER IN NUMBERS WE BUILD UP POWER IN NUMBERS. WHERE THE “SHARING ECONOMY” AND “NEW NORMAL ARE CONCERNED, AS A FRONTIER COMPANY, LEVERAGING THE SPACE OF A MARKET THAT IS FUNDAMENTALLY AND SCIENTIFICALLY EVIDENT, YET STILL UNDEFINED, IS HOW WE WILL MANIFEST THE PROPER SOLUTIONS TO THE PROBLEMS WE AIM TO SOLVE, A UNIFIED AND SYSTEMATIC PROTOCOL IS IN DIRE NEED:

  • TO BENEFIT CREATIVE UNIFICATION,
  • REIGNITE THE PRESENCE OF VALUE,
  • AID CREATORS WORLDWIDE, WHOM CONTRIBUTE SO MUCH TO OUR LIVESTHROUGH TALENTED MEASURES;

AND WE WILL CONTINUOUSLY BE IN SUPPORT OF ESTABLISHING THE FINEST CUSTOM AND CODE OF CONDUCT POSSIBLE.

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