Mooncoin Hardfork Info Unveiled

Mooncoin Team is going to implement many interesting features
19 February 2018   9001

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 Join Forces With IdentityMind

IdentityMind provides exchanges with ability to comply with KYC\AML worldwide
26 March 2019   86

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.