Binance Chain Testnet Hardfork to be Implemented

Main components of the Tendermint protocol have been upgraded, performance has been improved, and validators workflow management has been improved
10 April 2019   239

On April 8th in the test network of Binance Chain, which forms the basis of the decentralized Binance DEX exchange, hardfork was implemented. As of 12:00 UTC, the test network services are stable.

According to the Binance team, as a result of hardfork, the main components of the Tendermint protocol have been upgraded, performance has been improved, and workflow management for validators has been improved. At the initial stage, there only 11 Validators.

Launch of the Binance Chain test network took place on February 20. According to the CEO of Binance Changphen Zhao, the main network of the decentralized exchange Binance DEX may begin work in April.

Hacked Zaif Exchange to Resume Operations

It was hacked in September last year,  about $60 million in cryptocurrency was stolen from its platform
22 April 2019   83

Japanese cryptocurrency exchange Zaif announced that it will complete the transition from the Tech Bureau to the Fisco Digital Asset Group (FDAG) on April 22 and resume normal operation the next day, Cointelegraph reportes.

In September last year, the exchange underwent a hacker attack when about $ 60 million in cryptocurrency was stolen from its platform, including Bitcoins, Bitcoin Cash and Monacoin. As part of the compensation plan to users, FDAG exchange acquired a large stake in Zaif business and transferred to the Tech Bureau over $ 44.6 million.

According to an earlier announcement of the exchange, 40% of the lost funds will be compensated to users by Fiat, and the remaining 60% - to the cryptocurrency, which will be available for withdrawal on April 23.