Flash CryptoWolf Airdrop About to Close

CryptoWolf airdrop with 20.000 Flash for 10 random winners ends on February 15, 2018 at 23:59 UTC
15 February 2018   89

Flash has a goal to create a safe and secure environment for community members, providing security through its distributed node based governance model called GovNodes.

Cryptowolf strives to be a simple, fast and efficient crypto exchange. On February 12, Flash has announced that it became available for purchase on CryptoWolf, along with BTC, ETH and LTC.

In order to celebrate the partnership, CryptoWolf decided to counduct the airdrop aiming to give 20.000 FLASH to 10 random winners. Those who would like to participate, just have to follow CryptoWolf in twitter, like, retweet and comment the post regarding Flash. The contest ends on February 15, 2018 at 23:59 UTC.

At the moment of press, these are main market parameters of Flash:

Average price: $0,037841
Market cap: $34 056 540
24h volume: $35 562

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   55

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.