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ConsenSys
ConsenSys is a blockchain software technology company founded by Joseph Lubin and based in New York City. History Joseph Lubin founded ConsenSys in early 2015 as a software foundry to develop decentralized software services and applications that operate on the Ethereum blockchain. On October 31, 2018, ConsenSys acquired Planetary Resources, an asteroid mining company. In December 2018, ConsenSys announced a restructuring with projected layoffs of thirteen percent of its 1,200 staff, and in February 2020 announced the layoffs of a further 14% of staff. In August 2020, ConsenSys acquired Quorum from JPMorgan Chase & Co. Financial terms of the deal were not disclosed. In November 2021, ConsenSys raised $200 million at $3.2 billion valuation from Animoca Brands, Coinbase Ventures and HSBC among others. In March 2022, ConsenSys raised $450 million in a new round led by ParaFi Capital, with Microsoft, SoftBank, and Temasek also joining as new investors in the compa ...
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Planetary Resources
Planetary Resources, Inc., formerly known as Arkyd Astronautics, was an American company that was formed on 1 January 2009,ARKYD Astronautics Founded http://www.planetaryresources.com/2009/01/draft-arkyd-astronautics-founded/ and reorganized and renamed in 2012. Its stated goal is to "expand Earth's natural resource base" by developing and deploying the technologies for asteroid mining. Following financial troubles caused by "delayed investment", it was announced on 31 October 2018, that the company's human assets were purchased by the blockchain software technology company ConsenSys, Inc. In May 2020, ConsenSys made all ...
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MetaMask
MetaMask is a software cryptocurrency wallet used to interact with the Ethereum blockchain. It allows users to access their Ethereum wallet through a browser extension or mobile app, which can then be used to interact with decentralized applications. MetaMask is developed by ConsenSys Software Inc., a blockchain software company focusing on Ethereum-based tools and infrastructure. Overview MetaMask allows users to store and manage account keys, broadcast transactions, send and receive Ethereum-based cryptocurrencies and tokens, and securely connect to decentralized applications through a compatible web browser or the mobile app's built-in browser. Websites or other decentralized applications are able to connect, authenticate, and/or integrate other smart contract functionality with a user's MetaMask wallet (and any other similar blockchain wallet browser extensions) via JavaScript code that allows the website to send action prompts, signature requests, or transaction req ...
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Ethereum
Ethereum is a decentralized, open-source blockchain with smart contract functionality. Ether (Abbreviation: ETH; sign: Ξ) is the native cryptocurrency of the platform. Among cryptocurrencies, ether is second only to bitcoin in market capitalization. Ethereum was conceived in 2013 by programmer Vitalik Buterin. Additional founders of Ethereum included Gavin Wood, Charles Hoskinson, Anthony Di Iorio and Joseph Lubin. In 2014, development work began and was crowdfunded, and the network went live on 30 July 2015. Ethereum allows anyone to deploy permanent and immutable decentralized applications onto it, with which users can interact. Decentralized finance (DeFi) applications provide a broad array of financial services without the need for typical financial intermediaries like brokerages, exchanges, or banks, such as allowing cryptocurrency users to borrow against their holdings or lend them out for interest. Ethereum also allows users to create and exchange NFTs, which are un ...
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Joseph Lubin (entrepreneur)
Joseph Lubin is a Canadians, Canadian-American entrepreneur. He has founded and co-founded several companies including the Switzerland, Swiss-based Ethereum (company), EthSuisse, contributing heavily to Ethereum, the decentralized cryptocurrency platform. Lubin is founder of ConsenSys, a Brooklyn, New York, Brooklyn-based software-production studio. In February 2018, Forbes estimated Lubin's net worth in cryptocurrency to be between one and five billion dollars. Career In early 2014, Lubin was a co-founder of Ethereum and served as chief operating officer of Ethereum Switzerland GmbH (''EthSuisse''), a company working to extend the capabilities of the type of blockchain , blockchain technology first popularized by Bitcoin, and extend the capabilities of the blockchain to store executable program, programs in addition to data, as well as facilitate, verify, or enforce the negotiation or performance of smart contracts.
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Asteroid Mining
Asteroid mining is the hypothetical exploitation of materials from asteroids and other minor planets, including near-Earth objects. Notable asteroid mining challenges include the high cost of spaceflight, unreliable identification of asteroids which are suitable for mining, and the challenges of extracting usable material in a space environment. Asteroid sample return research missions (see completed missions ''Hayabusa'' and '' Hayabusa2'' and in-progress ''OSIRIS-REx'') illustrate the challenges of collecting ore from space using current technology. As of 2021, less than 1 gram of asteroid material has been successfully returned to Earth from space. In progress missions promise to increase this amount to approximately 60 grams (two ounces). Asteroid research missions are complex endeavors and return a tiny amount of material (less than 1 milligram ''Hayabusa'', 100 milligrams ''Hayabusa2'', 60 grams planned ''OSIRIS-REx'') relative to the size and expense of these projects ($3 ...
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Corporation
A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity (a legal entity recognized by private and public law "born out of statute"; a legal person in legal context) and recognized as such in law for certain purposes. Early incorporated entities were established by charter (i.e. by an ''ad hoc'' act granted by a monarch or passed by a parliament or legislature). Most jurisdictions now allow the creation of new corporations through registration. Corporations come in many different types but are usually divided by the law of the jurisdiction where they are chartered based on two aspects: by whether they can issue stock, or by whether they are formed to make a profit. Depending on the number of owners, a corporation can be classified as ''aggregate'' (the subject of this article) or '' sole'' (a legal entity consisting of a single incorporated office occupied by a single natural person). One of the most att ...
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Microsoft
Microsoft Corporation is an American multinational technology corporation producing computer software, consumer electronics, personal computers, and related services headquartered at the Microsoft Redmond campus located in Redmond, Washington, United States. Its best-known software products are the Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. Its flagship hardware products are the Xbox video game consoles and the Microsoft Surface lineup of touchscreen personal computers. Microsoft ranked No. 21 in the 2020 Fortune 500 rankings of the largest United States corporations by total revenue; it was the world's largest software maker by revenue as of 2019. It is one of the Big Five American information technology companies, alongside Alphabet, Amazon, Apple, and Meta. Microsoft was founded by Bill Gates and Paul Allen on April 4, 1975, to develop and sell BASIC interpreters for the Altair 8800. It rose to do ...
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Blockchain Entities
A blockchain is a type of distributed ledger technology (DLT) that consists of growing lists of records, called ''blocks'', that are securely linked together using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data (generally represented as a Merkle tree, where data nodes are represented by leaves). The timestamp proves that the transaction data existed when the block was created. Since each block contains information about the previous block, they effectively form a ''chain'' (compare linked list data structure), with each additional block linking to the ones before it. Consequently, blockchain transactions are irreversible in that, once they are recorded, the data in any given block cannot be altered retroactively without altering all subsequent blocks. Blockchains are typically managed by a peer-to-peer (P2P) computer network for use as a public distributed ledger, where nodes collectively adhere to a consensus a ...
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Initial Coin Offering
An initial coin offering (ICO) or initial currency offering is a type of funding using cryptocurrencies. It is often a form of crowdfunding, although a private ICO which does not seek public investment is also possible. In an ICO, a quantity of cryptocurrency is sold in the form of "tokens" ("coins") to speculators or investors, in exchange for legal tender or other (generally established and more stable) cryptocurrencies such as Bitcoin or Ether. The tokens are promoted as future functional units of currency if or when the ICO's funding goal is met and the project successfully launches. An ICO can be a source of capital for startup companies. ICOs can allow startups to avoid regulations that prevent them from seeking investment directly from the public, and intermediaries such as venture capitalists, banks, and stock exchanges, which may demand greater scrutiny and some percentage of future profits or joint ownership. ICOs may fall outside existing regulations, depending on the n ...
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TechCrunch
TechCrunch is an American online newspaper focusing on high tech and startup companies. It was founded in June 2005 by Archimedes Ventures, led by partners Michael Arrington and Keith Teare. In 2010, AOL acquired the company for approximately $25 million. Following the 2015 acquisition of AOL and Yahoo by Verizon, the site was owned by Verizon Media from 2015 through 2021. In 2021 Verizon sold its media assets, including AOL, Yahoo, and TechCrunch, to the private equity firm Apollo Global Management, and Apollo integrated them into a new entity called Yahoo. In addition to its news reporting, TechCrunch is also known for its Disrupt conference, an annual technology event hosted in several cities across United States, Europe, and China. History TechCrunch was founded in June 2005 by Archimedes Ventures, led by partners Michael Arrington and Keith Teare. In 2010, AOL acquired the company for approximately $25 million. As of 2013, TechCrunch was available in English, Chine ...
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Browser Extension
A browser extension is a small software module for customizing a web browser. Browsers typically allow a variety of extensions, including user interface modifications, cookie management, ad blocking, and the custom scripting and styling of web pages. Plug-ins Browser plug-ins are a separate type of module. The main difference is that extensions are distributed as source code, while plug-ins are distributed as executables (i.e. object code). Plug-ins are no longer supported by the major browsers, but extensions are widely used. The most popular browser, Google Chrome, has over 100,000 extensions available but stopped supporting plug-ins in 2020. History Internet Explorer was the first major browser to support extensions, with the release of version 4 in 1999. Firefox has supported extensions since its launch in 2004. Opera began supporting extensions in 2009, and both Google Chrome and Safari did so the following year. Microsoft Edge added extension support in 2016. API confo ...
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Decentralized Application
A decentralised application (DApp, dApp, Dapp, or dapp) is an application that can operate autonomously, typically through the use of smart contracts, that run on a decentralized computing, blockchain or other distributed ledger system. Like traditional applications, DApps provide some function or utility to its users. However, unlike traditional applications, DApps operate without human intervention and are not owned by any one entity, rather DApps distribute tokens that represent ownership. These tokens are distributed according to a programmed algorithm to the users of the system, diluting ownership and control of the DApp. Without any one entity controlling the system, the application is therefore decentralised. Decentralised applications have been popularised by distributed ledger technologies (DLT), such as the Ethereum blockchain, Blockmec, on which DApps are built, amongst other public blockchains. The trustless and transparent nature of DApps have led to greater d ...
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