Mooncoin Hardfork Info Unveiled

Mooncoin Team is going to implement many interesting features
19 February 2018   8572

The Mooncoin fork will be implemented at Block 1.250.000. According to the team, this fork will not include a burn of coins and this fork will not generate another coin as Bitcoin Cash fork did.

Mooncoin hard fork infoMooncoin hard fork info

Key features:

  • Hardfork to new codebase occurs at block 1,250,000, however Mooncoin 0.10 and 0.13 wallets will be compatible until this point.
  • PoW algorithm is Scrypt, not BalloonHash. Pools and lightning network (in the future) support Scrypt, Balloon is exotic.
  • Block retarget algorithm will switch to DUAL_KGW3 with Bitsend timeout; after which diff will lower dynamically if a block has not been found after 60 minutes.
  • Warpsync block speedup - meaning a full sync from scratch can be achieved in 34 minutes (tested to the point of obsession on a core2quad q8200, you will sync quicker).
  • Controlled lowering of coin emission via dynamic nSubsidy.
  • Top Mooncoin addresses are unspendable and contain more than 77 billion frozen MOONcoins, which were not delivered (till March, 2017) by the Cryptsy exchange to the Florida court and were not returned to legitimate owners

Mooncoin hard fork to new codebase will occur at block 1,250,000 with block day average > 471 on May 27, 2018.

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.