Community Newsletter (14–18 October)

Oct 18, 2019


Here is’s community newsletter for the week commencing 14 October. Stay up to date by following us on Twitter.

Highlight of the week

On Tuesday our decentralized finance commodity platform recorded its historic first trade. Our innovative AI-powered blockchain technology represents a new way for metals and other commodities to be traded.

The trade was conducted between Turkish steel giant Baştuğ Metallurgy and one of its suppliers. It’s the start of a new era, not only for the steel industry, but for DeFi more generally.

This is just the beginning ?

Upcoming events

Diffusion 2019 (19-20 October, Berlin, Germany) will be at Diffusion 2019, a dev con based in Factory Berlin (Gorlitzer Park) focusing on blockchain, AI and IoT. are on two tracks at the event:

? Shaking Up the Model: data and compute in different places
?️ Machine Learning in the Decentralized World: opening the AI silos

As part of the event, on Saturday we will also be giving two presentations:

? 12.30pm: Lead economist David Minarsch will present a workshop explaining how to build your own autonomous agent.
? 3pm: CTO Toby Simpson will show how Ethereum developers can easily move their code across to the network.

If you’d like to attend but not as a hacker, you can join the talks and workshops for free by using the code ‘OVdiscount’. Check it out here and get started by learning more about here.

AI+DLT: Benefits, Risks and Ethics (22 October, London, UK)

Head of research Jonathan Ward will be speaking on the panel. Sign up to this free event.

San Francisco Blockchain Week (28 October-3 November)

Toby Simpson will be attending this leading industry event and meeting various experts in the AI and blockchain space. Let us know if you will be there too!

PyData Cambridge Meetup (30 October)

David Minarsch and Diarmid Campbell will be discussing’s autonomous agents and highlighting some of the real-life use cases they enable. Don’t miss this great opportunity to see some of our latest technology. Register now to secure your place at the meetup.

Community News

Lessons from’s first staking auction

More than $2m worth of $FET tokens were staked in our smart contract during our first ever staking auction last week. Head of research Jonathan Ward today posted an article reflecting on the successful launch of our staking program.

Cambridge China Forum (15–16 October)

Humayun on the panel at Cambridge China Forum chief executive Humayun Sheikh spoke on a panel at the Cambridge China Centre event to discuss the benefits of artificial intelligence. He reiterated that “AI is not scary. It is part of our world and can help tackle the many challenges we are facing.”

BBC Cambridgeshire reported on the event. Prior to Humayun’s appearance on the panel, they came to the office to learn more about our project. Take a listen to the coverage — our segment begins at 1:54:22.

Interview with CryptoNewsZ

This week Humayun also spoke to CryptoNewsZ about’s unique next generation protocol and our recent partnership with Turkish steelmakers.

Technology Update

New tool suite for Etch unveiled

We are working to make it as easy as possible for developers to use our smart contract language Etch. It offers numerous advantages over other computer programming languages and enables unique AI-powered smart contracts to operate on the ledger. The suite includes a transpiler that allows Ethereum developers to easily move their code across to our network.

Using the transpiler, developers can paste Solidity code into our website, which then produces the equivalent code in Etch. You can find out what else is included in the tool suite by reading our blog post.

How to deploy an agent

Learn how to deploy an autonomous agent on the network. Watch this step-by-step tutorial with application lead Joshua Croft:

This week we have also been hard at work:
  • Introducing payable addresses into the ledger smart contract engine
  • Improving support for accessing transaction content from inside Etch
  • Continuing to fix issues and improve the system performance


This week, excluding merges, 13 authors have pushed 22 commits to the main branch and 47 commits to all branches.
On the main branch, 714 files have changed and there have been 9,455 additions and 2,006 deletions. See all updates.

Bounties, hackathons and competitions

The technical bounty program

Help us improve the reliability and performance of our technology. Find and report technical issues and be awarded $FET ?


? Find a technical issue in the’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 are coming soon involving autonomous agents, mobile applications and much more — watch this space!

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

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

We hope you have a great weekend.

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