Egggg yolk, what is going on and what is ripe, with my people, the Chico Army & any first
timer of the channel, a viewer of the tube.
I’m the host Tyler, and you just entered the crypto channel, that gets you more hyped
than this big boy on the roof.
You know our friendly banter, it’s time for Chico Crypto!
Well, big moves in the crypto markets, aren’t happening...it’s all about consolidation...for
over 2 months now, since early May, we have been consolidating into the 9k to 10k range,
and over the past month, that range has gotten even tighter...basically between 9500 and
9k.
You know, what that usually means...a big move, one to get the markets a rumbling.
Checking out this bitcoin volatility chart, we can see since late 2018, when the markets
start to consolidate, aka volatility drops, it is usually followed by a big jump up, and
as we can see volatility hasn’t been this low since April of last year.
And then pulling out the price chart back then, we can see yes, we were sideways through
April hanging around the 5k range, but by May...big ole pop!
Now do not take my Technical analysis as anything, because it is not...the markets could go anywhere,
but last time it got this low, volatility, the move was up.
And, if it’s possibly up, we have to be looking at those altcoins, because if you
didn’t notice they have been a popping lately...I mean going to coingecko, and sorting by the
top gainers over the past 7 days, it a very, long, long list of altcoins who have performed
in the green or better than bitcoin….like a long list.
So, let’s dive into it, because looking back at the top, as the number 6 performing
coin over the past 7 days, is iexec RLC, which is up 39 percent.
Why is this?
Well, we know from what I’ve covered, that iexec is a major component of off chain trusted
compute, and confidential computing, they have v5 of their platform releasing this summer,
and this month they are revealing that a tech giant is joining them.
Now I made some guesses about this...at 1st I thought it was Microsoft, from the squares
in their announcement post... but iexec is already hooked up with them and it’s made
public, there are pictures of their logos, and them demonstrating together…..then,
I thought it was AMD, Advanced Micro Devices, which I talked about in the live stream over
the weekend, because they have a square like logo too, and they joined the confidential
computing consortium with iexec at the same time, as the new group of 10.
But there is a new contender, and the crumbs make me confident it is this...but, I need
to mention, it’s still possible, it’s AMD, but unlikely.
So let’s first, see why it could still be possible, its AMD.
Now, the original member of the confidential computing consortium include massive names,
of course Microsoft and intel known patterns of iexec, but also the likes of Facebook,
A.R.M, accenture, alibaba cloud, huwaei...but the one we need to focus on, from the OGs
is powerhouse Google.
So, how could this tie back to iexec??
Well just yesterday, Google cloud, and AMD announced a breakthrough...Google Cloud Confidential
Computing with Confidential VMs….why is this big?
From the release post “Google Cloud encrypts data at-rest and in-transit, but customer
data must be decrypted for processing.
Confidential Computing is a breakthrough technology which encrypts data in-use—while it is being
processed.
Confidential Computing environments keep data encrypted in memory and elsewhere outside
the central processing unit (CPU) and then from the section of breakthrough confidentiality-Customers
can now protect the confidentiality of their most sensitive data in the cloud even while
it’s being processed.
Confidential VMs leverage the Secure Encrypted Virtualization (SEV) feature of 2nd Gen AMD
EPIC CPUs.
Your data will stay encrypted while it is used, indexed, queried, or trained on.
Encryption keys are generated in hardware, per VM, and not exportable.
Yes, there it is, AMD is being used to power these VMs, 2 members from the confidential
computing consortium, AMD and Google, have built a confidential computing Tool.
And then, just when I was actually doing this video….iexec popped something off from a
blog post titled “iExec Participates in Google Confidential Computing Beta” the
post says “Today, Google announced its Confidential Computing Program Beta Release.
iExec is proud to have joined in this program and have been working on the project since
the alpha release” Hmmmm...but like I said, I don’t think this is the iexec partner,
but it’s still highly important for the project as a whole, which you will see…
So, where do I begin...with this Partner...well the crumbs being, from a tweet they did, in
October of 2018, which announced their collaboration...we know Microsoft, we know Intel, but the one
we should focus on, is Kailedo.
So why is this company important?
Well going to their website, they are the enterprise blockchain powerhouse, and as we
can see from a description, their enterprise solution, works across clouds, including microsoft
and amazon...yes Amazon….
As Amazon, is a partner of theirs, from the AWS partners blog, posted just before iexec
began working with Kailedo,…”Launch Enterprise-Ready Blockchain Networks on AWS in Minutes with
Kaleido—a ConsenSys Solution”
So Chico tell me, is Amazon the secret partner?
Well, looking at Amazon’s logo, no square an arrow...but remember, it’s Amazon Web
Services, and looking at their logo...squares!
So that’s it, squares and a weak connection to Kailedo?
Well I just want to replay this AMA session from October of 2019, in which they were asked
about the big partner in an AMA Let’s watch now...now, let’s just play the beginning
again, when they were asked….all body language screams big one, smiling, rubbing their face
and arms.
No, we need to go deeper, and pull out the Chico bulldozer.
And the major crumb was actually hiding in plain sight.
Going to exec's for enterprise website, we can see some big enterprise partners listed
we do not know, like Ubisoft...but scrolling down, they have a beautiful infographic, of
how iexec is helping all their partners, in confidential computing, we have ARM, Fortanix,
and of couse that confidential computing consortium, of which Google and AMD released the confidential
VM…..but then you have the blockchains, of course ethereum and Kaliedo, but also POA
and Hyperledger.
Then you have the UX and UI, including ENS, Metamask, Uniswap, Bancor and more...the DeFi...Finally,
we have the infrastructure, which includes microsoft azure and genesis mining.
Ok...but where in the freak is Amazon?
Well just click on the picture, why don’t we?
Oh...there she blows, AWS listed as infrastructure partner…
A whoopsie?
Well you shouldn’t make em, with 4chan on the trail, as they were the ones who found
it...like I have said since the beginning of this channel, the chan is a nasty, dirty,
vile place, but has some of the best crypto research, you just gotta learn to filter.
But, I kind of see, the cloud computing wars coming...and iexec is kind of in the middle
of it, which isn’t a bad thing….Google Cloud vs Amazon web services, and then AMD
vs Intel...like we mentioned.
Google is using AMD hardware, and solutions.....Amazon, has been and will continue to use Intel, per
example from Intel’s website, “AWS and Intel have a long history of developing custom
cloud solutions, including Amazon EC2 instances based on Intel® Xeon® Scalable processors”...and
then, this blog post posted just a few weeks ago “AMD Is Poised to Gain Market Share
in Race Against Intel”
So iexec, there’s a reason it’s been in the top of my portfolio, for a good while,
all the cloud platforms, Microsoft Azure, Google Cloud, and maybe now Amazon Web Services,
are partners of theirs, and being in the middle of that battle, is a valuable thing.
Cheers viewers, I’ll see you next time!