China Crypto Venture Firm to Invest in US Startups

Node Capital will set up a U.S. office with a local team aimed to increase its portfolio of blockchain startups from the Silicon Valley
28 June 2018   2274

A Chinese venture company working in the field of blockchain opens an American unit and intends to invest 200,000 Ethereum or about $ 86 million into local blockchain start-ups. This is reported by CoinDesk.

The firm explained that it is opening an office in the US to increase the presence of blockchain-startups from the Silicon Valley in its portfolio. The company did not specify the time of the launch of the new division.

To date, the Peking Venture Company has been involved in financing 160 crypto-currency start-ups, 80% of which are located in China, said Du Jun, the founder of Node Capital, speaking at the event.

Among the most notable start-ups in Node Capital's portfolio the are Coldlar hardware wallets manufacturer and Jinse Finance, one of the largest crypto-currency portals in China. The company also sponsored about 20 crypto exchanges, including FCoin, which recently attracted attention thanks to the "mining with commissions" model.

Du Jun is also one of the first Chinese investors to start discovering the sphere of crypto-currency. He co-founded the Huobi exchange in 2013 with Li Lin, who now holds the post of CEO of Huobi Group.

Buterin to Propose Way to Speed Up ETH 2.0 Migration

Vitalik Buterin,creator of Ethereum, believes the eth1 system can exist as a zero shard in eth2 
25 December 2019   197

Ethereum founder Vitalik Buterin proposed a solution that allows you to quickly get rid of the Proof-of-Work (PoW) algorithm chain and move everything in Ethereum 2.0 to Proof-of-Stake (PoS).

According to him, the eth1 system can exist as a zero shard in eth2.

Validators who choose to participate in eth1 will be able to register as friendly. They are expected to support the full eth1 node in addition to the eth2 node.

A full eth1 node will load all blocks of the zero shard and maintain the updated state of the old circuit.

Buterin believes that his proposal does not make any changes to the planned procedure for the transition from eth1 to eth2. Only software for stateless clients and witness size changes in the eth1 protocol are required.