Tencent May Deny Deal With Bitmain

Chief Strategy Officer from Blockstream had posted information on the issue
22 August 2018   726

Chinese technology giant Tencent did not participate in financing of the largest manufacturer of mining equipment Bitmain. This was written by Samson Mow from Blockstream.

Samson Mow Twitter
Samson Mow Twitter

Here's the screenshot that Samson reposted:

Screenshot about Tencent

Samson Mow's tweet refers to the account BTCKING555. The latter attached a photo of the official statement, according to him, of Tencent, which states that the technology giant did not invest in Bitmain Technologies. The report also confirms information about Bitmain's intention to raise $ 3 billion during the IPO and place shares on the Hong Kong Stock Exchange.

Information on the participation of Tencent and SoftBank in financing Bitmain for $ 1 billion appeared earlier this month. However, the Japanese media corporation SoftBank soon disproved it.

Zcoin to Implement Hard Fork to Fight ASIC Mining

After update, which implement new  Merkle Tree Proof algorithm, the cost of mining on ASIC devices will be significantly increased
10 December 2018   103

On Monday, December 10, a planned hardfork will be held in the Zcoin cryptocurrency network (XZC), the purpose of which is to oppose mining on ASIC devices. As expected, the upgrade will take place at 12:00 GMT.

As a result, the upgrade will activate a new algorithm called Merkle Tree Proof (MTP), the development of which has been carried out over the past few years.

It is noted that the MTP algorithm provides for increased use of RAM, which significantly increases the cost of mining on ASIC devices and thereby eliminates their advantages.

The FAQ section says that before hardfork users and operators of the nodes need to upgrade to the latest version of the Zcoin software ( Earlier versions will continue to work, but the new release not only contains important fixes for various bugs, but also significantly improves network performance and throughput.

In addition, the developers warn that if after the hard forks the user still has an earlier version of the software, this can lead to incorrect display of balances in the Zcoin wallet.

Znode operators, in turn, will be excluded from the queue and will not be able to receive the award until they update the software to the latest version.

Zcoin Price
Zcoin Price

These news don't have any big effect on Zcoin's rate.