Crypto news is the primary scene for any trader as exchanges can be moved by news event immediately. If you’ve missed the crypto news of this week, this post provides a comprehensive look at the stories that made headlines. A lot has happened in the cryptocurrency and blockchain world. Here is a quick round-up of crypto news you may have missed:
Mark Friedenbach Says Bitcoin Scaling Can Be Increased Without Hard Fork
Crypto News: Mark Friedenbach Says Bitcoin Scaling Can Be Increased Without Hard Fork
Mark Friedenbach, a software engineer, formerly a contractor at NASA-Ames Research Center, and an independent Bitcoin protocol developer has claimed that Bitcoin scaling can be increased without a hard fork. According to a transcript of his presentation at the Scaling Bitcoin workshop, he said that “forward blocks,” could essentially help increase BTC’s block size without a hard fork.
Mark Friedenbach also stated that the commonly discussed “safe” protocol for increasing the block weight limit. The forced hard fork moves transactions into a saved extension block with a greater total limit or other consensus changes. After this, it forces the old blocks to go blank. Affirming the authentication of transactions is only possible by upgrading to a client which know the extension block. Un-upgraded nodes are secured from viewing the spend histories because the blocks are empty. To rehab service, they are expected to upgrade.
Crypto Exchange Binance To Donate Listing Fees To Charity
Crypto News: Crypto Exchange Binance To Donate Listing Fees To Charity
Binance, a popular cryptocurrency exchange has decided to donate listing fees to charity. The company is going to change its listing fees policy and make all listing fees transparent. The world’s largest cryptocurrency exchange has come under attack for what some have observed as extravagant listing fees. Due to this, the company announced on Monday that all of the fees it takes for listing new cryptocurrencies will be donated to charity.
The company stated that its new policy is active instantly. It added that the project units will, however, offer the amount they would like to give for a “listing fee,” or now more rightly called a “donation.” Binance will not prescribe an amount, nor is there a least required listing fee. It further stated that the new policy fits any fresh applications, as well as those that have previously been capitulating and which are waiting for endorsement.
Bits & Pretzels 2018: Crypto, Blockchain, and Women In Tech
Crypto News: Bits & Pretzels 2018: Crypto, Blockchain, and Women In Tech
As an official media partner, CryptoTicker visited Bits & Pretzels 2018. The three-day festival in Munich ran from September 30 to October 2 and connected more than 5,000 founders, investors, and startup decision-makers. It also had a focus on crypto and blockchain. Bits & Pretzels meshed with Oktoberfest, so many attendees wore lederhosen and dirndl: traditional Austrian and Bavarian outfits.
It was great to see a large number of innovative projects and topics focused on the blockchain. The festival attracted thought-leaders like Gil Penchina, a Silicon Valley investor. Penchina invested in Paypal, Ripple, Brave, Civic, EOS, Simple Token, Polymath and many other FinTech businesses. He was an early cryptocurrency adopter and investor, and also one of the most active angels on AngelList. Amanda Gutterman, the CMO of ConsenSys, also attended. ConsenSys is a foundry to develop decentralized services and applications operating on the Ethereum blockchain. She hosted a panel with Jim Jorgensen (Consumer Coin), Paul Claudius (BlockState) and Gil Pechina about emerging trends in crypto.
Mastercard Wins Patent for Partitioned, Multi-Currency Blockchain
Crypto News: Mastercard Wins Patent
Mastercard, an American multinational financial services corporation headquartered in New York, United States has won a patent for a method to partition a blockchain. This would allow the introduction of various sorts of blockchains – including those that promote varied currencies. The patent illustrates the method of a blockchain proficient of “storing multiple transaction formats”. It asserts that this is essential because blockchains require that all actions be of a similar format and uniform size, which restricts efficiency.
The patent gives a classification of systems and techniques for formation of blocks for a partitioned blockchain. The application of a partitioned blockchain may allow a single blockchain to collect transaction records for a majority of various blockchains, decreasing the deployment required for executing the majority of blockchains to the separate, partitioned blockchain.
Girl Geek Carrots’s Hack Like A Girl Hackathon
Crypto News: Girl Geek Carrots’s Hack Like A Girl Hackathon
This past weekend, CryptoTicker had the honor of being the official media partners of Girl Geek Carrot’s Hack Like a Girl hackathon. The hackathon took place at SAP Berlin and brought over 40 different people to participate in this annual event. The hackathon was centered around areas of FinTech and Blockchain and how to use these types of technology for everyday problems.
Over the next two days of the hackathon, eight teams worked on solving real-world problems with the use of fintech and blockchain technology and finding concrete solutions. While the teams were busy coding and hacking away, CryptoTicker was able to interview some of the other sponsors and mentors of the event.
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