Reason for the empty Bitcoin blocks mining is declared

According to Jihan Wu, co-founder of Bitmain, the reason is errors in minning pools
27 August 2017   2649

According to Jihana Wu, co-founder of Bitmain, the reason for the empty blocks minning by Antpool's mining pool is errors in the operation of the equipment.

Shortly after the activation of the Segregated Witness protocol, the world's largest mining pool produced six blocks of less than 1 KB in size. It is worth noting that the empty blocks were also extracted by the famous Chinese pool BTCC. 

During the production of empty blocks,  there has been an increase in the number of unconfirmed transactions in the bitcoin network. So, on August 25, the number of unconfirmed transactions was about 90 000, and their size exceeded 100 MB. 

Currently, the number of unconfirmed transactions has declined and is less than 35,000, the size of the mempool is slightly less than 70 MB. This reported by the blockchain.info.

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.