Microsoft unveils Coco: blockchain protocol technology

Microsoft launches Coco Framework - a blockchain protocol technology 
Diana Ugay's picture
Diana Ugay
11 August

Microsoft, an American multinational technology company which develops, manufactures, licenses, supports and sells computer software, consumer electronics, personal computers, and services, announces the Confidential Consortium Framework, a technology that strives to make blockchain systems quicker and more secure.

Thus, according to the report, the Coco Framework will include Ethereum, R3 Corda, Intel’s Hyperledger Sawtooth, and JP Morgan’s Quorum.

Blockchain is a transformational technology with the ability to significantly reduce the friction of doing business. Microsoft is committed to bringing blockchain to the enterprise. We have listened to the needs of our customers and the blockchain community and are bringing foundational functionality with the Coco Framework. 
 

Mark Russinovich
Chief technology officer of Azure at Microsoft

However, the Microsoft team draws special to the fact that the Coco Framework is not a blockchain itself and it is not tied to Azure, Microsoft’s cloud computing service.

According to the Coco Framework white paper, “enterprise-ready blockchains networks” will deliver many benefits including:

  • Throughput and latency approaching database speeds.
  • Richer, more flexible business-specific confidentiality models.
  • Network policy management through distributed governance.
  • Support for non-deterministic transactions.
  • Reduced energy consumption.

The Coco-enabled blockchain networks now can achieve transactions speeds in excess of 1,600 transactions per second. 

Huobi and OKCoin to add Bitcoin Cash

Two largest Chinese exchanges add support for Bitcoin Cash
Diana Ugay's picture
Diana Ugay
22 August

Two largest Chinese cryptocurrency exchanges, OKCoin and Huobi, announced adding the support for Bitcoin Cash.

As OKCoin argues, the decision to add Bitcoin Cash was made after a "technical verification and comprehensive testing" of the coin:

Thus, OKCoin will officially support Bitcoin Cash (BCC) deposit and spot trading on August 22nd (06:00 Eastern Standard Time, UTC+20 HRS, 18:00 China/Hong Kong time). However, it is noteworthy that currently the exchange are only supporting BCC deposit and trading on the website. On top of that, to ensure a safe trading environment and to avoid potential 51% attacks and transaction malleability, there will be increased security verifications when depositing BCC. 

As for Huobi, the exchange claims that considering that Bitcoin Cash has entered the top three digital assets by market capitalization and has extensive support for trading platforms, there's the hope that users will realistically assess the risks associated with BCC trading.

Huobi will launch BCC/CNY on 17:30, August 22, 2017 (GMT +8). BCC trading will be available on main Huobi while BCC deposit was allowed from 17:00, August 9, 2017 (GMT+8).  

Bitcoin Cash charts on coinmarketcap.com Bitcoin Cash charts on coinmarketcap.com

As shown, at the time of writing, the Bitcoin Cash cryptocurrency price is about $687 and its market capitalization is more than $11 billion.