Breadwallet will support BCH sending from 14.08

Breadwallet will be one of the first mobile cryptocurrency wallets with this feature
14 August 2017   1364

The Breadwallet cryptocurrency wallet will start to support the BitcoinCash (BCH) from 14 August. Thus, Breadwallet will become one of the first mobile wallets with Bitcoin Cash support. This is reported by the

In the meantime, the application will provide a one-time send function for users who want to move their coins to the time of the full implementation of the start-up. The project team believes that the BCH network must withstand, and in the future plans to introduce full support for BCH.

Our current plan is to add a simple feature to the existing Breadwallet app, that will let users send their entire balance of BCH to an address of their choosing. This operation can only be done once, and your entire BCH balance will be sent to the address provided. Your BTC will not be affected in any way.

James MacWhyte
Chief Product Officer, Breadwallet

The company informs users that along with the new functionality there will be certain shortcomings, for example, when sending a BCH balance, the transaction will be publicly associated with all addresses in the wallet. In addition, the announcement says that the company does not recommend sending BCH to the address in the Breadwallet application itself.

So far, not many mobile wallet operators have expressed their desire to introduce BCH support. Nevertheless, companies such as Jaxx and Airbitz are going to add it soon.

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.