BTC-e made new announcement

According to the official announcement and FAQ from BTC-e, exchange is going to restart the platform
26 August 2017   983

The administration of BTC-e made new announcement, confirming that they are going to restart the platform.

To this day, there is a process of transferring digital resources to an investment company.
The company is preparing the launch of resource.
As it was announced earlier, at the start, users will be able to withdraw 55% of the funds.We want to notify all users that there was a political background in the closing of our service and pressure from the US.

BTC-e team

Later, the was another post, with the FAQ list in Russian.

The most interesting information from the FAQ:

  1. 55% of funds is available for the return.
  2. The rest 45% of funds will be available as tokens on the account. You can sell them on the market or wait until administration will buy them from you. Free trading will be available for the tokens
  3. Payments will start at the end of August, exact dates will be known on August 30 
  4. New trading platform is planned to be launched at the 1st of September
  5. FBI received all the servers, but data was encrypted

It worth reminding that on the 14th of August, BTC-e published new refund plan

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.