Bitcoin Cash to undergo a hardfork

Bitcoin Cash fork: is the new Bitcoin ABC client to come to the market?
23 October 2017   1308

As reported by numerous resources, the hard-forked version of Bitcoin, Bitcoin Cash, is to undergo a  hardfork in order to make a few performance adjustments to the protocol on November 13, 2017. 

Thus, Bitprim’s Juan Garavaglia claims that in preparation for the coming hardfork, he is running tests on different adjustment algorithms for mining difficulty.

The over hyped headlines have already caused a great feedback from the community and even panic, however, Garavaglia clarifies things. According to the man, unlike the previous Bitcoin hard fork that resulted in the creation of Bitcoin Cash, this one has support and is only meant to upgrade the protocol. The algorithm, Garavaglia argues, allows difficulty to adjust faster than every 2016 blocks if miners have issues finding blocks in a timely manner.

The original intention was to allow Bitcoin Cash to survive as a minority chain by avoiding a frozen chain situation where the blocks get too slow.
 

Juan Garavaglia
Bitcoin entrepreneur, Bitprim project

Now, due to the tendency to drop mining difficulty sharply, it's possible to bring a large influx of miners looking for profit, thereby increasing difficulty just as rapidly as it fell.

So we have this situation of extremes where blocks are being mined every minute, or every few hours.  This is not what users want.  Also, Bitcoin Cash is now thousands of blocks ahead of Bitcoin and it is screwing up the coin issuance schedule.
 

Juan Garavaglia
Bitcoin entrepreneur, Bitprim project

Garavaglia also highlights that the Bitcoin ABC developers are in contact with miners and exchanges to ensure a smooth fork. And no, Garavaglia assured, this fork has nothing to do with the upcoming SegWit2X fork.

Line to Launch Own Cryptoexchange

BitBox cryptocurrency exchange won't be available for US and Japanese citizens
28 June 2018   314

The developer of the Line instant messenger confirmed the information that it will launch a cryptocurrency exchange called BitBox next month. This is reported by TechCrunch.

In January, the company said that it plans to enter the cryptocurrency area with the launch of its own trading platform, but today it specified that BitBox will not be available to users from the US and Japan.

The new site will support 30 cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash and Litecoin, and charge a commission of 0.1% for transactions. Line reported that it was taking tokens during the “an extensive screening process” which saw an internal commitment asses what on the market represents “the most reliable and safest trading for users.”

BitBox will be available worldwide, except for the two countries mentioned above, in 15 languages. New platform won't support fiat.

Every month, 200 million people use the Line Messenger. The possibilities of the service are not limited to the transmission of messages. It also allows to listen to music, send payments, etc. Most Line users live in Japan, so excluding Japanese traders will significantly limit the potential impact of BitBox.