Day 2 of M-0 kicked off with discussion around bringing secure data to the blockchain. We then heard from decentralized exchange pioneers and then heard from Gavin Wood and Reto Trinkler about future vision and where they see things going with Web3 and Melon governance.

ORACLIZE

A really awesome start by Thomas Bertani of Oraclize — the first company to ever bring a data feed module to Melon protocol. Thomas outlined the process of bringing secure data to the blockchain by acting as a carrier, a reliable connection between Web APIs and your Dapp. He emphasized there is no need for any additional trust in Oraclize as their good behaviour is enforced by cryptographic proofs.

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REUTERS

Sam Chadwick of Reuters unveiled some of the guiding principals around Reuters bringing data including accuracy, timeliness and good coverage. This came after having seen a Reuters data price feed integrated into the latest working release of the Melon protocol.

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ENERGY WEB FOUNDATION

Ewald Hesse spoke about how the energy market was shifting and how blockchain would be used as an oracle for green bonds performance. He also ended by stating that the future could easily be Energy funds running on Melon protocol. That would be cool !

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ETHFINEX

Will Harborne of Ethfinex outlined how Ethfinex are moving forward with their thinking towards decentralized exchanges and incentivizing liquidity providers with nectar token. The ultimate goal is to gradually become decentralized over time through distribution of token.

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BITCOIN SUISSE

CEO Niklas Nikolajsen set the scene of CryptoValley and how exciting it was as one of the longest incumbants in the exchange space. Some interesting stats and figures with over $1bn of initial coin offerings done through their exchange this year. The services being demanded by the customer are increasing and Bitcoin Suisse offers custody, amalgamation of order books and diversification amongst others.

0xPROJECT

Fabio Berger Lead developer at 0xproject explained their open protocol approach with on chain settlement and off-chain order books for better efficiency. What was really exciting is that 0x is already working with five relayers (another one announced last night) which will provide liquidity by plugging in to their protocol

DECENTRALIZED/HYBRID EXCHANGES MODERATED BY RETO TRINKLER (Melonport)

On the panel we had Anton Golub (Lykke), Fabio Berger (0xproject), Alex Gorden-Brander (OmegaOne) and Will Harborne (Ethfinex). This was one of the favourite panels of the day with thought provoking statements from some of the pioneers in the space.

On scalability

“The [scalability] solution for us would be not using the main Ethereum chain” — Will Harborne

and

“Scalability for [0x] was storing as little data as possible on the blockchain” — Fabio Berger

For those not aware Lykke not only provides a free exchange platform but makes its money by providing liquidity through a large algorithm. Similar to 0x they are a semi-decentralized exchange that uses the blockchain as a settlement layer.

“Let’s bring the liquidity in the FX market… and bring that to the crypto world” — Anton Golub

One of the most exciting points from Anton was their mission to level the playing field. Coming from a high-frequency trading background Anton understands better than most the opportunity cost of having access to order books that extra fraction of time faster than someone else.

“Going forward, we need to offer the same terms to everyone” — Anton Golub

Omega One is another player on the scene, Alex Gordon-Brander introduced his vision

“Omega One is the first automated agency broker operating in the crypto space.”

PREVENTING DECENTRALIZED EXCHANGE FRONT RUNNING BY DESIGN — MATTHEW DI FERRANTE

A slightly more technical and fascinating insight from Matthew on ways to prevent front-running on exchange after hearing from several different players in the field.

“Staked Ether becomes your virtual hardware in proof of stake” “An Oblivious Transfer Protocol allows a client to request an item from the server, without the server knowing what the item is” — Matthew Di Ferrante

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SURPRISE ANNOUNCEMENT

Melonport announced there will be no second traditional token sale. Instead, tokens will be released slowly over a long period of time in the form of continuous manager competitions. A series of competitions measuring different manager attributes will take place requiring some form of contribution. Allocation of MLN tokens will be dependent on performance in the competitions.

The Melon foundation will be incorporated to look after future maintenance, development and the Melon ecosystem.

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MIDAS TECHNOLOGIES AG

Bringing Melon protocol to the retail customer. Adrian Javier Gallo from Midas walked the audience through his vision to make Melon easier to use, with a regulated solution and social media element. Watch out for Midas!

“Our platform integrates fund management and businesses”

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CYBER FUND 2.0

For those of you not familiar with Cyber Fund — one of the very first transparent crypto funds in early 2015. Marina Guryeva walked us through the limitations of setting up and managing a transparent blockchain fund with the existing fund infrastructure. She described how they had to stop taking outside money earlier this year as they simply couldn’t make it work. As a lovely surprise, Marina unveiled their plans to launch a new fund running on Melon protocol ! Watch this space.

“Running any investment fund on the blockchain is more efficient than a paper-based fund”

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GAVIN WOOD — WEB 3 VISION

Gavin kicked off his speech with a critical view on the current state of the informational infrastructure:

“The tools we rely on to interact, communicate, understand and make decisions are broken” “Were civilization a person, we would recognise it as self-harm”

The web3 vision works towards creating a fairer, more reliable and trustless internet to enhance the potential of humanity with Polkadot and beyond, all under the simple motto:

“Less trust. More truth. Web3”

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RETO TRINKLER — CHARIMAN and FOUNDER MELONPORT

Reto re-iterated our expectations to fulfill promises and deploy Melon to the Ethereum main-net by Q1 next year. However, he also unveiled plans for The Melon Chain to be the first domain chain on Polkadot.

The benefits of this would be:

Built in governance to elect Melon Maintainers

MLN as a native usage token

Lower costs, higher speed for users

State transition function WASM together with a set of system contracts

Interoperability

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