9. August, 2019

Fetch.AI — Community Newsletter (5–9 August)


Here is Fetch.AI’s community newsletter for the week commencing 5 August. Stay up to date by following us on Twitter.

Highlight of the week

Introducing Fetch.AI’s innovative consensus protocol

Many solutions have been proposed to replace Bitcoin’s energy inefficient Proof-of-Work consensus mechanism. Existing Proof-of-Stake projects offer some improvements but still have many drawbacks.

The Blockchain Cost Trilemma

The Future of Consensus: PoS-uD

Our consensus protocol, Proof-of-Stake with unpermissioned Delegation (PoS-uD), is underpinned by sound economic principles that will transform the staking user experience and enable the Fetch.AI ledger to serve as a foundation for decentralized finance with immediate applicability.

Find out more about the issues surrounding existing consensus protocols and how PoS-uD makes the Fetch.AI platform the ideal economic basis for decentralized applications such as exchanges, prediction markets and the machine-to-machine economy.

Upcoming events

A summer of meetups 🍻

We will be hosting a series of meetups both in the UK and abroad this summer to catch up with our supporters face-to-face. Come and join us for a beer and a chat at one of the following events 👇

Cambridge Meetup (9 August, Cambridge, UK)

We’re looking forward to meeting our local community tonight at Cambridge’s Devonshire Arms Pub, there’s still time to sign up and join us, we can’t wait to meet you!

👉 Register here

Berlin Meetup (18 August, Berlin, Germany)

Berlin might be famous for the Neues Museum or the Brandenburger gate, but it’s also home to some of the most exciting blockchain projects in the world. Come and meet the team in the heart of Berlin at the Zollpackhof Biergarten.

👉 We are excited to meet you, sign up here

London Meetup (28 August, London, UK)

London is one of the world’s great cities, home to deep-routed creativity and innovation. Come and join the team at The Fellow, just a short walk from King’s Cross train station, and share your ideas in this exciting space.

👉 Don’t miss out, register here

Web3 Summit 2019 (19–21 August, Berlin, Germany)

We are attending the Web3 Summit 2019 in Berlin in August. Join us for the immersive and collaborative gathering focusing on the Web3 technology stack.

👉 Get tickets

Diffusion 2019 (19–20 October, Berlin, Germany)

Join us alongside some of the world’s most exciting Web 3 protocols in blockchain, AI, IoT and Big Data for Outlier Venture’s 2 day dev con: Diffusion 2019.

○ 15 protocols
○ 25m+ lines of open source code
○ 350+ devs

The event will feature hacks, exclusive product launches and live demos.

👉 Apply now for one of the limited free places or to find out more come to the Diffusion 2019 launch event in Berlin on 21 August.

Bounties, hackathons and competitions

Summer Design Challenge 🎨

Time is running out for you to submit your entries to our Summer Design Challenge. Show us your creative side by creating an agent picture/sticker/GIF to win cool prizes.

👉 Head to our Telegram channel for full details and to take part.

Fetch.AI Technical Bounty Program

Help us improve the reliability and performance of our technology by finding and reporting technical issues and be awarded FET 💰


🔍 Find a technical issue in the Fetch.AI’s GitHub ledger repository

📫 Report it as an issue on GitHub

🛠️ Additional award for a fix

Award structure

○ Critical: $10,000 in FET
○ Major: $6,000 in FET
○ Medium: $2,500 in FET
○ Low: $800 in FET

More bounties coming soon involving autonomous agents, mobile applications and much more that everyone can take part in!

Synergetic Contract Hackathon 0x03; (10 July-31 August, Online)

Develop a ride-sharing Synergetic Contract using Fetch.AI technology. Over 100,000 FET tokens available in prizes.

Carpooling is great for your pocket and the environment, so it’s no surprise that ride-sharing apps like UberPool™ are so popular. To connect riders with drivers and process payments, apps charge a substantial fee. Fetch.AI’s synergetic computing technology provides the infrastructure to deliver this service without the middleman, returning power and profit to the individual.

We want you to build a ride-sharing service using our Synergetic Contracts and agents. With a prize pool of over 100,000 FET, we’re offering substantial rewards:

🥇 First prize: 50,000 FET

🥈 Second prize: 30,000 FET

🥉 Third prize: 20,000 FET

1,000 FET will be awarded to everyone who completes the project and delivers a working solution. Access resources and submit your application by 31 August here.

👉 Register your interest by joining our developer Slack channel.

Join our developer Slack channel and find information on our bounties and hackathons on our Community website

Technology update

○ Improved ledger API user experience for Synergetic Contract development
○ Conducted performance and resource management optimization


This week, excluding merges, authors have pushed 14 commits to the main branch and 21 commits to all branches.

On the main branch, 99 files have changed and there have been 5,005additions and 996 deletionsSee all updates.

Community news

Fetch.AI delivers decentralized control

Our decentralized technology removes the need for aggregators and intermediaries, allowing you to connect directly to what you seek.

Booking a holiday? Give me a break.
In today’s world, travel and transport have become self-service industries with each new app only offering part of the solution.

Our autonomous agents can link asset holders with end users enabling the best deals to be intelligently delivered, based on your personal preferences.

Industry-wide disruption
We aren’t just building any one specific industry platform. These tools can make exchanges work better for buyers and sellers in any industry. Read more about how our technology can help businesses and individuals alike gain knowledge and unlock its economic value.

Steve Fletcher joins the Fetch.AI team

We are excited to announce that Steve Fletcher has become the latest member of Fetch.AI’s flourishing team. As a graphic designer with over 20 years experience, Steve is excited to create new visuals that will bring tomorrow’s decentralized, autonomous digital economy to life.

If you would like to explore the available opportunities at Fetch.AI take a look at our careers page.

Thanks for reading our update. Join the conversation with the rest of our community on Telegram.


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