NYNJACoin will be integrated into an international communications app

A cross-platform app will combine traditional messaging with business management and e-commerce capabilities
13 February 2018   76

On February 12, communications and mobile technology company NYNJA announced that a special app is under developement. Apart from being a social app, it will also be powered by NYNJA’s own cryptocurrency NYNJACoin. Thus, the app will allow buying, selling and trading assets and goods without the need for any third party service providers or internal platform fees.

NYNJA is the first app of its kind to harness the full potential of its user base, empowering them with a cross-platform multimedia messaging app and a built-in global marketplace backed by secure blockchain protocols.

 

Salvatore Guerrieri

Co-founder and CEO

The integration of NYNJACoin creates a unified platform for all the users of this ERC20 standardized cryptocurrency for fast international payment transfers. The platform is said to be open-source and scalable for third party developers to join the community and enrich the user experience.

The app is under developement since Q1 of 2017. The current status is ‘beta’. Public token sale of NYNJACoin is set on April 17, 2018.

NYNJA is in a class of its own as the only all-encompassing, highly customizable communications app with a blockchain-based marketplace and financial ecosystem.

 

Alejandro Gramont

Co-founder and president

Bank of China Filed a Patent to Scale Blockchain Systems

Bank of China has filed a patent application for a process able to scale blockchain systems  
23 February 2018   55

According to a document released by China's State Intellectual Property Office (SIPO) on February 23, the application was invented by Zhao Shuxiang and first submitted on September 28 last year.

The application states that instead of letting a new block store transactions from its previous one, a data compressing system could be used to pack transactions from multiple blocks into what the patent calls a "data block."

For example, when the system receives a request to compress transactions from block 1 to 1,000, it causes a new data block to be formed and temporarily hosted on a different storage system. Then, the system will run the packed data through a hash function with a hash value. After that, the compression system will attach labels in order to identify blocks on the blockchain.

With the use of the described method, the patent claims a reduction in the amount of the data stored in new blocks as transactions mount in a blockchain while ensuring that data from all previous transactions will still be tamper-proof and traceable.

At the moment, the patent in the review process.