Texas to Discuss Anonimous Crypto Transactions Ban

As reported, the initiative was made by a member of the House of Representatives and Republican Phil Stevenson
11 March 2019   282

Texas lawmakers propose to de-anonymize cryptocurrency operations. The initiative was made by a member of the House of Representatives and Republican Phil Stevenson, according to BTC Wires.

The draft law obliges the recipient of a digital currency to confirm the identity of the sender. The procedure will be optional only when using a “digital currency that provides confirmation of the identity of the sender.”

Responsible for the definition of cryptocurrency, traded within the legal framework, the legislator proposes to appoint a Banking Department, the Commission on Credit Unions, the Department of Public Security and the State Council on Securities.

According to Stevenson, his proposal will help improve the financial situation of Texas.

If approved, the regulatory act will enter into force on September 1, 2019.

The crypto community met the initiative negatively. So, the co-founder of Athena Blockchain, Andrew Hinkes, considered that the bill could hinder the use of cryptocurrencies, and also expressed doubts about the competence of departments.

Bluezelle to Launch DDN Product Stage

Data delivery network functions like a content delivery network, but instead of caching content, it places data on many distributed networks
20 May 2019   62

Bluzelle, a crypto project aimed for creating solutions in the field of distributed data transfer, announced the launch of product stage of its Data Delivery Network (DDN) product at the.

Software applications today target global audiences, but data is stored and managed from technology built over ten years ago — before the explosion of smart devices. Consumers demand applications be fast, available and secure. As recent data breaches from the world’s biggest companies show, this demand is not being met.
 

Pavel Bains

CEO, Bluezelle

DDN functions like a content delivery network (CDN), but instead of caching content, it places data on many distributed networks. According to the developers, such a system helps to find servers that are as close to the user as possible, which in turn leads to a multiple increase in data transfer speed in a decentralized network.

According to Bluzelle, DDN currently supports more than 25 data centers and demonstrates a 30-fold increase in reading speed compared to Redis, the recognized leader in this field. In this case, synchronization of the recorded data is performed by all network nodes in less than a second.