Premature Monero hard fork

Monero hard fork to happen sooner due to an increased hashrate 
09 September 2017   2364

A planned Monero hard fork is to happen sooner due to an increased hashrate. 

As reported by coindesk.com, the hard fork originally planned for September 21st, is now likely to occur on September 16th. The question of whether to adjust the block number to prevent a premature fork was addressed at the developer meeting. Thus, the developers have decided to change the hard fork schedule.

As detailed, the hard fork is to introduce the mandatory use of so-called "ring confidential transactions" (RingCTs) on the network, though the majority of Monero users are already utilizing the currently optional technology.

Cryptocurrency chart on coinmarketcap.com
Cryptocurrency chart on coinmarketcap.com

At the time of writing, Monero occupies the eighth position in the list of cryptocurrencies by market capitalization, which currently stands at $1.72 billion and its token is worth about $114.

South Korea to Invest $1B in Blockchain Startups

Blockchain is a revolutionary technology and an integral component of the Fourth Industrial Revolution, local authorities believe
19 February 2019   103

Until 2022, Seoul authorities are investing 1.2 trillion South Korean won ($ 1.07 billion) in fintech startups working with distributed ledger technology. This is reported by CoinDesk.

Funds will be allocated for the development of new technologies through the Seoul Innovation Growth Fund, created last year by local authorities. The foundation will support startups working on various solutions, including those that are in the early stages.

In the first half of this year, the Fund will allocate 13.25 billion won ($ 11.75 million) and 8.4 billion won ($ 7.45 million) in the second half of 2019. For the Korean authorities, the blockchain is a revolutionary technology and an integral component of the Fourth Industrial Revolution.

The officials also noted that the average investment per start-up at an early stage of development in South Korea is almost seven times lower than, for example, in Silicon Valley.

Last fall, Seoul authorities submitted a five-year development plan for the blockchain industry.