Well it looks like I missed a Chia News of the Week post last week, which probably isn’t the end of the world considering how slow the news was over the Christmas holidays. I hope everyone had a lovely break, and got to do all the family-seeing and time-spending they wanted to. Many of us were heading back into lockdown and had another disappointing year-end. Lets all help make 2022 an actual better year this time.
We ended off our last Chia News period with an introduction to Mad Max’s new MMX cryptocurrency, and that interest didn’t end there (or yet). We took a look at how to build MMX from source, since its not a simple Chia fork it has a bit of a different process. In fact, over the break Mad Max did a lot of development and improvement, and there were more updates to MMX over the break than there have been to any Chia-based software in months. It’s still coming too, fast and furious.
We then did a couple more Facts about Farmers. If you haven’t checked out this series yet you should as it really shows the diverse nature of the Chia farms that have been built over the last year. So far no two have been alike, and that continued with Rolle and Chia Pass Farm’s respective stories. If you would like to participate we would love to hear from you, so go fill out the farm and read up about the Chia farming community.
Over this period I was running a giveaway on the site that I announced on Christmas, and I had some trouble sending transactions using the Chia light wallet. I then wrote a rant about the light wallet that I maintain is all true, and contains some important points for Chia to look at when improving that wallet. The experience was very poor once the wallet had been really heavily utilized and I am looking forward to the next release where hopefully a lot of these issues have been mitigated or resolved.
On that note, we got a glimpse at a new type of light wallet, this time a Metamask-like browser extension wallet that will theoretically open up the Chia ecosystem to web-based products like NFT marketplaces and DeFi gateway sites. The product is still very early but when I checked it out it seemed to do what the developers say it does, with transactions working and seemingly done locally. The developers have promised to open-source the product and I am very excited to get all eyes on that code.
Jay Gould and Chia Founder and CEO Bram Cohen had a fascinating discussion on Jay’s show about Chia and cryptocurrency in general, as well as a lot on Bram’s background and how he got into Bitcoin in the first place. I’d like to take a moment here to honour the man Bram attributed to getting him to take a look at the Bitcoin codebase – Dan Kaminsky. Dan was a hero to the Information Security community, and to me personally. He was both extremely knowledgeable about so many things, but also very approachable about the topics he was a world class expert in. He died in the first half of 2021, and it was a tragedy for all of us, even those who had never heard his name. He very famously found and solved one of the most severe bugs in Internet history involving DNS cache poisoning, and is one of the main reasons people pay so much attention to DNS security today. Anyway, you should listen to the entire interview and check out Ryan’s writeup about it here. Once it gets into Chia specifically I think its a must-listen for anyone seriously looking at the space.
Then we crossed over into 2022 and immediately into what appears to be the Year of DeFi for Chia. We got a look at two back to back companies building DeFi solutions. One is Hashgreen, from the minds that brought us Mojodice and the other is Tsunami from the developer of the Goby wallet. This is incredible, and is a really strong start for the year. These are both projects that we will be keeping a close eye on in the coming months. It really seems the Chia development community is firing on all cylinders.
Next we got the really big news of the week, with Chia Network posting a cryptic message on Keybase promising a “new feature announcement” on Wednesday. I poked at J Eckert a little hoping for a clue, but his lips are sealed. So we are running a little contest for 1000 SpaceBucks split up among anyone who guesses correctly in the comments. I think we are looking at either offer files in the client, or the NFT standard but I sadly don’t have any inside information here (or I would share it, which is why they don’t tell me this stuff). So let us know what you think, either on these comments or the original post.
Next we had a bit of a Twitter feud between some Bitcoin Maxis, Bram and Gene about how its not possible for Chia to have improved on Bitcoin in any way by making the argument that the immense Bitcoin energy use it a feature instead of a bug. My main takeaway here is that people who consider themselves technology disruptors can still get locked into a legacy platform and be disrupted. This is what Chia Network is attempting.
More Chia ecosystem development next, with TailDatabase.com launching from the development mind behind ChiaExplorer.com. It is a database for Chia Asset Token (CAT) issuers to register their tokens so people can easily lookup which token is which by Asset ID. They can also upload the TAIL used to generate their token and they all should do that right now. I am going to frown on any tokens not submitting the TAILs that contain their rulesets as that will provide the necessary transparency for farmers and investors to determine if they touch something or not. Thank you again to Freddie for his contributions to the community.
We also announced the winners of our Chialution holiday contest, and passed on a giant pile of SpaceBucks to the Chia community. It was a great success, with some awesome entries from everyone involved. It was very difficult to choose between them and we had to use very arbitrary decision making to come to our decisions. Thank you to everyone who participated and I hope we do many more of them in 2022. And a big thanks to Ryan for doing everything and taking care of it all.
And that was it for the news. It’s not really news, but yesterday I published a deep dive into IPFS to dispel some myths around the protocol as NFTs begin to heat up the Chia world. It is important to understand where the underlying asset you are buying is stored, and just accessing the data through an IPFS link does not guarantee that. Check it out here and make your own decisions on NFT purchases. That’s it for the news over the holiday period, and we should be back to doing one of these a week. Thank you, and I hope everyone is ready for a great Chia 2022.