2017 to Bring 40% of Chinese Blockchain Startups

At the moment there are 456 start-ups in China, for which the development of blockchain technologies and applications is part of their core business
21 May 2018   626

Only in 2017 in China appeared almost 40% of the total number of all currently existing blockchain start-ups. Such data is contained in a new document published by the Ministry of Industry and Information Technology of China, CoinDesk reports.

The results of the study were presented on Monday, May 21, as part of an extensive report on the state of the blockchain industry in China. It is noted that at the moment there are 456 start-ups in China, for which the development of blockchain technologies and applications is part of their core business.

At the same time, if in 2016 the number of blockchain companies tripled in comparison with the previous year, in 2017 there was an "exponential growth" - in total, the industry replenished with 178 new start-ups.

A similar trend was observed in the field of equity financing of blockchain start-ups. At the moment, there are 249 initiatives directly aimed at blockchain start-ups, and almost 100 of them were launched in 2017 - more than was registered between 2014 and 2016. It is noteworthy that only in the first quarter of this year 68 initiatives in the field of financing blockchain start-ups were registered.

The document also says that the current law on patents, which was drawn up ten years ago, may be outdated when it comes to protecting intellectual property in the field of block chain technologies.

In particular, the current law protects only those scenarios for the application of technology that are directly described in patent applications, and therefore, most likely, needs to be modified.

Waves to Release Node 1.0

According to the team, Node 1.0 is a culmination of many months of work and now RIDE programming language is supported for the mainnet
26 June 2019   86

Waves blockchain platform this Tuesday announced the release of a major update Node 1.0, which will significantly expand the capabilities of its ecosystem.

The developers call Node 1.0 the culmination of months-long work and pay particular attention to the release of the RIDE programming language for the core network Waves, which is focused on creating stable decentralized applications.

In addition, with Node 1.0 in Waves, it will be possible to release collection items on the blockchain or non-fungible-tokens, similar to those used, for example, in Ethereum-based CryptoKitties.

Also, users of the Waves decentralized exchange will be able to use assets other than WAVES coins to pay commissions. Calculation of commissions in this case will be carried out on the basis of the exchange rate of Waves DEX. The developers claim that their community members have been asking for a long time to implement this feature.

Activation of the update will require the accumulation of 80% of the votes of the participants in the ecosystem. For comparison, in EOS, where a similar consensus mechanism is used, the minimum bar is 15%. Node 1.0 on the Waves core network will be launched one week after reaching the specified number of votes. At the same time, users and developers will have access to all the new features.