The blockchain-based Conflux Foundation, a scalability company, raised $ 35 million from Sequoia China, Baidu, F2Pool, Huobi, as well as Metastable and IMO Ventures. This writes CoinDesk . The funds will be used to develop an innovative scalable blockchain network. Conflux is headed by Andrew Chi-Chi Yao, the winner of the Turing Award, the most prestigious in the field of informatics. Last year, the company's developers tested a prototype of a new blockchain with 20,000 nodes for a month. The Conflux team used Bitcoin blockchain code, but changed the consensus algorithm to its own design. According to the developers, the…
Author: BlockchainJournal
As a result of a sharp decline in the price of Bitcoin , mining of cryptocurrency is becoming less and less profitable. Therefore, many digital miners and mining pools go into standby mode, disabling equipment. At the same time, the time between the extraction of the next block in the network begins to increase. This is the second largest decrease in hashrate in the entire history of the Bitcoin network (BTC) Bitcoin hashing complexity is usually adjusted every two weeks to maintain a normal 10-minute time to get a new block. The depreciation and the subsequent decrease in the number…
The price of Waves cryptocurrency (WAVES) has risen significantly after the project launched a major update for its mobile wallet. According to a recent announcement, the Waves mobile app now includes a crypto wallet, Waves DEX, and a number of new security features, such as a face ID, a touch ID, and fingerprint scanning. As a result of the launch of the update, the price of Waves has grown from $ 1.40 to $ 2.40. Then the price of cryptocurrency dropped slightly again – to about $ 2.14, which represents a jump of more than 50%. Waves now has a…
modular cryptographic library. The Hyperledger Technical Steering Committee approved the Ursa project, a modular cryptographic library for solution developers based on distributed registry technology. NEWS: welcome Hyperledger family, Ursa is a modular, flexible cryptography library @ @ @ @ @ @ @ @ ett @ others @ Learn more: https://t.co/mHWBlu4vzq pic.twitter.com/dpVzYMbUMp – Hyperledger (@Hyperledger) December 4, 2018 According to Hyperledger, as the project matures, the project is increasingly in need of complex cryptographic solutions. One of them and is intended to be Ursa, which will help in the transition from the implementation of individual protocols to work with the common…
Representatives of the world's largest cryptocurrency exchange Binance announced the launch in the coming months of their own blockchain Binance Chain, which will allow "millions of projects" to create new cryptocurrencies and conduct ICO. The head of Binance Changpeng Zhao at the Forbes event for “130 richest and most influential people in Asia” in Singapore said that these plans correspond to the long-established vision of the development of the cryptoindustry and should contribute to the active distribution of cryptocurrencies in the world. According to him, Binance intends to work seriously in this direction, since the initial intention to increase the…
Ukraine, despite the absence of legislative regulation of the cryptocurrency market and the blockchain technology, is developing two digital assets based on the latter. From 2016, the National Bank of the country launched a research project on the introduction of e-hryvnia (e-hryvnia), and the Kuna cryptocurrency exchange began in August 2017 to develop a national steybcocoin under the working title Cryptogravna. BlockchainJournal magazine has figured out a special material, what is the difference between these assets and whether it is time for digital experiments on the economy of Ukraine. Electronic Hryvnia from the NBU The first steps to introduce the…
Circle, the parent company of the cryptocurrency exchange Poloniex, announced the introduction of a new type of accounts targeted at so-called institutional clients. Institutional accounts are now available on Poloniex! Learn more about today’s https://t.co/04VObkLPrf – Poloniex Exchange (@Poloniex) December 4, 2018 “Large and small organizations can take advantage of our carefully selected, but broad selection of pairs for trading cryptoactives, dedicated support and highly reliable API services,” the company blog said. Poloniex institutional clients are also offered increased withdrawal limits, and during the whole of December trading for them will come with zero commissions. Separately, on the registration page…
BNB, the native token of the Binance cryptocurrency exchange, demonstrated on Tuesday, December 4, a rapid growth after the head of the company Changpeng Zhao announced the imminent launch of his own blockchain platform called Binance Chain. He made the corresponding statement during the “Decrypting Blockchain for Business” conference organized by Forbes Asia magazine. Asia's wealthiest families gather to learn the blockchain: https://t.co/y0Es32vMwt by @DelRayMan with @ForbesAsia and @ForbesCrypto #ForbesBlockchain pic.twitter.com/f0L7C9tftV – Forbes Crypto (@ForbesCrypto) December 4, 2018 It is noteworthy that Zhao’s words about the upcoming launch of Binance Chain did not appear in the report about the conference,…
The popular Bitcoin exchange Bitfinex has announced the addition of four new stablecocks – USDC, True USD, Paxos, and Gemini USD. Thus, the Hong Kong company has declared, from today it supports all the largest steylkokoiny. In addition to the main platform, support for new stablebinks has been added to the Ethfinex exchange. Until today, Bitfinex supported USDT and Dai From today, we can introduce USDC, Paxos, Paxos, and Gemini USD. Read more about our recent additions here: https://t.co/VCGSIfZbPd . – Bitfinex (@bitfinex) December 4, 2018 The Bitfinex blog says that Tether (USDT), created in 2014, has long remained the…
The Department of Homeland Security (DHS) is determined to determine whether transactions can be tracked using anonymous cryptocurrencies . This is evidenced by a document published by the DHS Small Business Innovation Division. It discusses the problem of using cryptocurrency, such as Bitcoin, for transactions . The authors of this document note that such cryptocurrencies may have applications both in commercial activities and at the government level, and separately emphasize the need to find a way to analyze transactions carried out using anonymous counterparts in criminal intent. DHS claims that platforms such as Zcash and Monero emphasize privacy and anonymity…