Antpool and BTC.com now mine Bitcoin Cash

Two largest mining pools Antpool and BTC.com now mine Bitcoin Cash  
21 August 2017   2208

Two leading mining pools in the Bitcoin network, Antpool and BTC.com, begin mining Bitcoin Cash.

The first one to announce the news was Antpool, on August 18th, however, pointing out that this will happen only after one of the pools supporting Segregated Witness reports on Bitcoin Cash mining:

Then, two days later, BTC.com reported on mining the first Bitcoin Cash block: 

As well as the announcements on Twitter, the data provided by cash.coin.dance also indicates the beginning of mining Bitcoin Cash by the leading pools:

Bitcoin Cash mining chart on cash.coin.dance Bitcoin Cash mining chart on cash.coin.dance 

Notably, this Saturday, August 19th, the price of Bitcoin Cash exceeded $900, which, coupled with the Anrpool and BTC.com news, seems to indicate pretty good time for Bitcoin Cash. 

Bank of China Filed a Patent to Scale Blockchain Systems

Bank of China has filed a patent application for a process able to scale blockchain systems  
23 February 2018   56

According to a document released by China's State Intellectual Property Office (SIPO) on February 23, the application was invented by Zhao Shuxiang and first submitted on September 28 last year.

The application states that instead of letting a new block store transactions from its previous one, a data compressing system could be used to pack transactions from multiple blocks into what the patent calls a "data block."

For example, when the system receives a request to compress transactions from block 1 to 1,000, it causes a new data block to be formed and temporarily hosted on a different storage system. Then, the system will run the packed data through a hash function with a hash value. After that, the compression system will attach labels in order to identify blocks on the blockchain.

With the use of the described method, the patent claims a reduction in the amount of the data stored in new blocks as transactions mount in a blockchain while ensuring that data from all previous transactions will still be tamper-proof and traceable.

At the moment, the patent in the review process.