LeviarCoin Hardfork Date Unveiled

Developers are going to implement a lot of new features
19 February 2018   2074

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 Join Forces With IdentityMind

IdentityMind provides exchanges with ability to comply with KYC\AML worldwide
26 March 2019   79

Binance announced an agreement with IdentityMind, which will help it ensure compliance with regulatory requirements and improve data security.

IdentityMind provides cryptocurrency exchanges with access to the platform, thanks to which they can monitor compliance with customer identification and anti-money laundering requirements in real time. This includes connecting new customers, managing their profiles and monitoring transactions.

The partnership between Binance and IdentityMind further strengthens our compliance capabilities and our commitment to re-invest in the blockchain ecosystem and grow it. We continue to evolve and enhance security systems while adhering to regulatory mandates in the countries we operate in. The goal is to foster greater trust among financial institutions worldwide.

Samuel Lim

Chief Compliance Officer, Binance

Last year, Bloomberg wrote about the Binance user identification system as the least strict in the entire industry, and linked the “level of anonymity” provided by the exchange with the risks of money laundering and market manipulation.

In October, Binance entered into an agreement with a supplier of transaction analysis software on the blockchains Chainalysis, and in November with Refinitiv, which developed an automated solution for client verification.

Whether the ordinary users of the platform will feel the impact of the integration of IdentityMind tools on themselves, the exchange does not specify.