Royal Kingdom Coin Launches Central Site

Royal Kingdom Enterprise announced that it will be implementing innovations as a part of its growth strategy, including the launch of a central website to present all company's services
10 February 2018   227

Royal Kingdom Enterprise is a Middle Eastern startup company registered in Dubai with the decentralized team from all over the world. It has made an official statement announcing that it launches a central site combining all the information spread across various company websites and the new channels of support and exclusive service on February 10 of 2018.

Royal Kingdom Coin is a token created by Royal Kingdom Enterprise. Based on Ethereum ERC20 standard and a smart contract code, it's secured by Ethereum blockchain, doesn't need mining, and has a fixed total supply of 15M RKC.

As announced on our Roadmap by email, Venture Kingdom Exchange will be in scheduled maintenance to improve the system. We will be implementing innovations that are part of our growth strategy.

Royal Kingdom Enterprise Statement

Moreover, the company reported that it will launch a mobile wallet beta, supporting RKC, ETH and customized ERC20 tokens on February 25. Desktop wallet beta launch, supporting RKC, ETH and customized ERC20 tokens is scheduled to be released on March 10 of 2018.

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   102

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.