New Year brings new Bitcoin Fork

World Bitcoin, the new hardfork of Bitcoin, was implemented on 12 of January, at block 503 888
15 January 2018   489

At block 503 888, (January 12), another crypto-currency was separated from bitcoin. The new fork was called World Bitcoin (WBTC). And if the goal of other hard forks is to develop new functions designed to overcome the limitations of bitcoin, WBTC will focus, according to the website, on building a "global application infrastructure". This is reported by Bitcoin.com.

The total amount of WBTC will be 2.121 billion, of which 21 million will remain under the control of the WBTC Foundation, which will use them for marketing, building a global ecosystem and developing new functions. Bitcoin holders can receive WBTC in a ratio of 1 BTC: 100 WBTC.

According to official website, these are the milestones of the new coin for the nearest future:

  • 2018.06  Establish gamification ecological chain
  • 2018.09  Establish copyright ecological chain
  • 2019.03  Establish the content distribution ecological chain
  • 2019.07  Establish blockchain digital e-commerce chain
  • 2019.12  Establish blockchain network card (CTID)

The World Bitcoin team stated that one of its advisors is Sean Zou, president of Xunlei Ltd. (NASDAQ: XNET). Xunlei itself issued an official statement on Monday saying that Sean Tsu is not related to the WBTC, noting that investors should take a more responsible approach to their work, instead of blindly believing rumors.

The project code is available on GitHub, one WBTC support in purses has not yet been implemented.

Bitcoin Questions included into Dutch High School Exam

Bitcoin-themed mathematics questions have been cut-in in recent high school matriculation exams in the Netherlands
18 May 2018   99

About 200,000 Dutch students are to have taken the OVW exam, a obligatory test for students who wish to get tertiary education in the Netherlands. The testing list  included five bitcoin-themed questions.

Students were offered to solve five different mathematical problems. The questions asked that students “calculate in what year the amount of bitcoin exceeded 18 million,” “calculate from which year on the reward will be less than one bitcoin,” “determine the maximal amount of bitcoin that can be in circulation.” The resolution  of the issues was supposed to base on the formula used to employed to solve the questions.

Such kind of changes in testing for students is connected with the growing  recognition of cryptocurrency by the Holland’s institutions. In March, the Court of Amsterdam defined that bitcoin owns “properties of wealth” at the same time  adjudicating a civil rights occasion between an individual seeking repayment from an unfulfilled contract pertaining to bitcoin mining. The court ordered that “bitcoin represents a value and is transferable” and “thus shows characteristics of a property right. A claim for payment in Bitcoin is, therefore, to be regarded as a claim that qualifies for verification.”

Recently, Rob van Gijzel, the ambassador of the Dutch Blockchain Coalition, revealed a national blockchain research agenda, which had been accredited by the Dutch Ministry of Economic Affairs and Climate Policy. The ministry had established a designated committee, TopTeam ICT, appointed to analyze the potential legal, economic, and ethical implications of distributed ledger technology in the country.