LeviarCoin Hardfork Date Unveiled

Developers are going to implement a lot of new features
19 February 2018   1719

LeviarCoin team has unveiled the date of upcoming hardfork and reasons for it.

On the 11.01 we increased the block size because some transactions were too big and that resulted in coins being locked in the wallet, the fork was successful, txs in the pool were successfully mined and the coins were unlocked but now the same thing happened again, because tx size is unpredictable, so we were going to increase the size from 200k kb to 1mb to have a block size bigger than the max tx size mineable. To do that we were going to do another fork, but after some consideration we thought instead of taking two weeks to do a fork to just increase the block size.

LeviarCoin Team

Developers decided to switch to monero’s code. They say that this will fix the block size transaction and give new features like:

  • offline wallet (Mnemonic seed),
  • RingCT,
  • subaddresses,
  • Multithreading for daemon and wallet,
  • Rpc wallet
  • a more stable daemon’s code

But more important, as developers say,  this will save them a lot of time and will allow them to work on other aspect of the project.

The fork will take place on 1st of March 2018 and developers recommend not to make any transactions until that time.

Binance to Partner with Chainalysis for AML

Use of Chainalysis KYT solution will allow to compile with KYC- and AML-norms and also simplify the process of opening bank accounts
18 October 2018   74

The largest exchange by daily trading volume Binance uses software from Chainalysis, called Chainalysis KYT [know your transaction], to monitor real-time transactions and identify transfers related to criminal activity. This is stated in a joint press release.

Cryptocurrency businesses of all sizes face the same core challenge: earning the trust of regulators, financial institutions and users. We expect many to follow Binance's lead to build world-class AML compliance programs to satisfy regulators globally and build trust with major financial institutions.

Jonathan Levin

Co-Founder and COO, Chainalysis

Thus, the use of software from Chainalysis not only guarantee compliance with the KYC- and AML-norms, but also simplify the process of opening bank accounts.

By working with Chainalysis, we are able to continue building a foundational compliance program that enables the next phase of our growth. Our vision is to provide the infrastructure for a blockchain ecosystem and increase the freedom of money globally, while adhering to regulatory mandates in the countries we serve.

Wei Zhou

CFO, Binance

Chainalysis KYT release was held in April.