Hey everyone!

Welcome to Weekly Update 128. This week we will check out a couple of cool hacks built as part of The Protect Privacy virtual hackathon and go over the changes introduced by last week’s minor release of the Raiden client. Let’s dig in!

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The Protect Privacy Gitcoin Hackathon Results

Raiden has a long history of participation at the virtual hackathons organized by Gitcoin. The latest one the Raiden team sponsored bounties at was The Protect Privacy hackathon. All bounties were looking for new ways to improve the privacy aspect of blockchain technology and the Raiden team participated with two bounties.

The first bounty was looking for a submission which utilizes Raiden for fast privacy preserving payments. Six teams accepted the challenge and four submitted their work. The winning submission is Ouro payments by the Avo labs team. You can check out the video demonstration of what they built here.

The second bounty encouraged hackers to find a new way to improve privacy of Raiden. The winning submission utilized the zero-knowledge proofs to increase privacy of on-chain transactions, when using Raiden. The project is called Raiden Zero and the video demonstration can be found here.

We would like to thank everyone for hacking on Raiden and congratulate the winners.

Development progress

Last week the Raiden development team introduced a new minor release of the Raiden client under the codename Wolpertinger. The Wolpertinger release introduces the new WebUI, “/contracts” endpoint to the Raiden REST API and optimizes monitoring service usage. Optimization introduced to the monitoring service will make sure not to request monitoring of a channel if funds monitored inside a channel are less than potential monitoring reward. Furthermore, the new release also fixes a couple of smaller bugs.

Other development progress include continued work on the Reddit Scaling Bake-Off submission and Alderaan release of the Raiden light client.

Conclusion

Hackers participating at the hackathon showed us that it doesn’t take much time to build something cool using Raiden. Development progress continues and soon we can expect an eagerly awaited demo for the Reddit Scaling Bake-Off. As always, if you have any questions just leave a comment and we will give our best to provide you with an answer.

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Cheers!