Argentina to Invest in Projects Backed by Binance

The agency plans to support up to 10 blockchain projects annually for four years
07 March 2019   375

The Argentinian government intends to invest in blockchain-startups in the early stages of development, supported by the venture capital unit of Binance. It is reported by CoinDesk.

The local labor ministry announced it would allocate $ 50,000 for each Argentinean blockchain start-up funded by Binance Labs as part of the second phase of the incubation program. In addition, LatamEX Crypto Exchange will receive targeted funds for development.

The agency plans to support up to 10 blockchain projects annually for four years. Investments in promising start-ups will come through the local blockchain accelerator Founder Labs.

Bitcoin SV Blockchain to Undergo Reorganization

This happened due to the fact that some blocks were rejected by Bitcoin SV blockchain
19 April 2019   104

Several blocks were rejected by the Bitcoin SV network after the addition, which caused the re-organization in the blockchain's history.

Almost each time someone is trying to produce a very large block on the BSV chain, there’s a reorg. Just an hour ago our Blockchair engine has witnessed a 3-block reorg (I think that's a record)! Blocks #578640–578642 got orphaned by a longer chain because they were too big

Nikita Zhavoronkov

Lead developer, Blockchair

The large blocks, about which Zhavoronkov writes, are no longer displayed by the blockchain browser, since they are not part of the main chain in which they were located until a certain moment, until they were replaced by another chain, which eventually became dominant.

This is basically exactly the problem the BU gigabock testnet identified. At sizes > 100mb the mempools were so out of sync that blocks were basically transmitted as full blocks.

BSV had ONE 128mb block and it caused a six block reorg. On the BU testnet sustained 128mb blocks caused a total breakdown of the chain where there were so many reorgs that every node had a different view of the state of the blockchain.

Chris Pacia

Developer, Bitcoin

Thus, Chris assumes that the problem is caused not by the malicious actions of the network members, but by its functional bug. 

This update is noticeable in the background of recent Bitcoin SV delisting campaign, which was started by the number of big exchanges as a reply to lawsuit by Craig Wright, BSV supporter, against anonymous critic.