Radix to Replay All BTC Transactions in 15 Minutes

Radix is developing a DLT alternative, with which it has a lot of common, but at the same time it is more scalable and easier for devs to work with
13 June 2019   1485

The Radix project had conducted visual testing of the capabilities of its technology in a “live” format.

According to the announcement on Twitter, testing begun 12.06 at 9:30 Eastern time. During the process, Radix promised to reproduce all transactions from the Bitcoin blockchain, that had been recorded there for 10 years of cryptocurrency existence. The entire procedure is expected to take less than one hour. Thus, the project intends to demonstrate the bandwidth and scalability of the solution created by it.

Team was able to perform successful test in 15 minutes. That's 4 times less than expected. Impressive result.

Radix is developing an alternative to the blockchain technology, with which it shares characteristics such as decentralization and protection against unauthorized access, but at the same time it is more scalable and easier to handle for developers. To do this, the project uses database sharding, which ensures linear scalability of registries.

Neo Foundation to Withdraw $11M From Cold Wallet

These funds will be used to finance its operations in currrent reporting year and $190M are stiill in the vault
26 March 2020   890

On March 25, the Neo Foundation announced the withdrawal of 1,660,865 NEO ($ 11 million) from the cold wallet to finance its activities in the current reporting year. About $ 190 million are still in reserves.

According to rules established in the Neo White Paper, the NEO tokens maintained by the Neo Foundation are mainly used to continuously support Neo's technological development, ecosystem growth, community expansion and the normal operations of the foundation and related organizations. 

 

Neo Foundation

According to the publication, 1,660,865 NEOs were transferred “from a blocked account to a current account”. As the information on the blockchain shows, these funds were directed to an address containing 14.6 million NEO or about $ 100 million. The project does not disclose who controls this address and what fate awaits the released tokens.

White paper Neo suggests that project costs in any given year should not exceed 15 million tokens. In the near future, a financial report for 2019 will be published.

At the time of publication, NEO is the 23rd largest asset on the market with a capitalization of $ 479 million. The price of one NEO is $ 6.79.