Baidu Launches Blockchain-as-a-Service Platform

Chinese search giant is going to provide  provide the most "user-friendly" blockchain service
12 January   142

The Chinese search giant Baidu has launched its own blockchain-as-a-service (BaaS) platform. This is reported by CoinDesk.

The open platform "Baidu Trust" is developed on the basis of Baidu's own technology. According to the company, it is designed to provide users with the most "easy to learn and use" blockchain-service.

According to a report on the Baidu website, the platform allows you to conduct and track transactions; it can be used to perform a wide variety of tasks, including the issuance of digital accounts, the management of bank loans, insurance management, financial audit, etc.

According to Baidu, this technology has already been used for securitization and asset exchange, including "first asset-backed securities exchange products using blockchain technology in China."

Note that Baidu - not the first Chinese company, acting with such an initiative. In April 2017, the Chinese Internet conglomerate Tencent released its own set of blockchain services. TrustSQL offers its users such services as digital asset management, authentication and shared economics.

Although the search engine Baidu a bit late with its own BaaS-platform, once he was one of the first companies to start working with bitcoin. So, in October 2013 payments in this crypto currency began to take his service Jiasule, engaged in improving the productivity, speed and security of websites.

Verge to Improve Security via Hard Fork

Verge cryptocurrency will reportedly undergo a hard fork on block 1 824 150 which should resolve stealth transaction issues and enhance privacy features
22 January   2139

Verge has announced that the hard fork of the coin will occur on block 1 824 150. The decision was made because some mining pools were not running the latest codebase, and as a result some stealth transactions did not get confirmed. Verge tried to soft fork, but not enough pools participated. The new hard fork will assure that miners are up to date and process stealth transactions.

Verge tweet regarding hard forkVerge Tweet Regarding Hard Fork

What is more, the hard fork will make sure all transactions will be processed and confirmed even faster, and it will not affect coins in the wallet. After the hard fork, the users will have 6 days to update their wallets to then still have access to their funds. Moreover, balances at any exchanges will not be affected by the hard fork.

Verge latest blocksVerge latest block at the moment of press

As soon as the stealth transaction will be activated with hard fork at block 1 824 150, at the moment of writing the last activated block was 1820480, and the estimated time until the Verge hard fork is 30:31 hours.

Verge Charts january 2018Verge Charts

Currently, the price of Verge is falling down, it decreased 15% within past 24 hours and 30% during past 7 days, having moved the coin to the 26th place in the list of coins ranked by market capitalization.

At the moment of press, these are main market parameters of Verge:

  • Average price: $0,092518
  • Marketcap: $1 341 606 868
  • 24h volume: $83 587 200