Blockchain.info enters Indian market

Bitcoin wallet Blockchain.info to enter the Indian market via joining forces with the leading Indian Bitcoin exchange Unocoin
07 September 2017   648

One of the biggest Bitcoin wallet provider companies and Bitcoin wallet, Blockchain.info, enters the Indian market via a partnership with the leading Indian Bitcoin exchange Unocoin.

We’re excited to announce that we have partnered with India’s most popular exchange, Unocoin, to give Blockchain users across India the ability to quickly and easily fund their Blockchain wallets.
 

Blockchain.info team

Beginning today, Unocoin exchange will be directly integrated within the Blockchain.info wallet to give the customers greater purchasing power without having to compromise security or control.

As detailed, for the first time ever, the Blockchain wallet can be funded in just a few clicks by linking the bank account, which is subject to bank transfer speed.

Blockchain.info  Blockchain.info 

Together with Unocoin, Blockchain.info is committed to making digital currency simple and more accessible throughout India. According to the company, today’s integration is an important step forward in eliminating the friction that many have experienced in buying Bitcoin.

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   110

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.