Blockchain book to be released

Bit.church recently announced the release of "Blockchain Book", which contains facts, terms and milestones about relationship between blockchain and humans
29 November 2017   789

Book of Blockchain is a non-profit community-driven social and art project, announced by the bit.church team. It is created in an attempt to record and popularize the concept of Blockchain.

Bit.church[3]Bit.church announcement

Project is expected in November 30 at 8:00 pm (San Francisco) and will be released both online - http://bit.church and offline - in Hack Temple, San Francisco, California.

Bit.church [2]Bit.church announcement

According to the announcement, the History of Blockchain will be distributed into Ethereum Network and will contain 100 chapters about the most important information of Blockchain history written by community.

More information:

  • Bit.church
  • GitHub 
  • Hack Temple

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   95

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.