Wien Energy has started new blockchain technology tests

The largest energy group in Austria will soon issue more services on the market
08 February 2018   327

As Astrid Schober, Wien Energy's chief innovation officer, stated, the company tests new services on basis of blockchain technologies in Vienna's Viertel Zwei. Wien Energy intends to step up business case and enter the market when necessary experience will be gained.

New business model is aimed at connecting electric car stations using blockchain technology. Moreover, amenities land registry and power supply also would be included in forthcoming project.

Blockchain technology was introduced in Wien Energy earlier, but only for commercial transactions. According to Astrid Schober, the company would not stop on this success, but it will be searching for other business models as hard as possible. Wien Energy does not want to be left behind in the technology progress.

Wien Energy is an integral part of Eurochain, a consortium of European utility providers. Participants of a consortium are active in learning new potential models for providing their services. It means that the energy industry is interested in the implementation of blockchain technologies.

Electroneum to update its blockchain

Electroneum announced that new code will be released on May 30 as its blockchain reaches Block 307500
26 April 2018   50

Electroneum announced its fork is scheduled to take place at block 307500 on May 30. The fork is special as it will not result in two currencies: this is achieved by allowing all the exchanges and pools to update their software in advance. The update covers the following aspects

  • anti-ASIC code:

the implementation of such code will ensure security against any network attack

  • increase of transfer fee:

to ensure Electroneum blockchain withstands blockchain flooding, base fee will be increased to 0.1 ETN

  • block size increase before penalty:

the increase will allow miners to scale the blocks faster and get more transactions into a block

  • disabling of RingCT and Mixin:

disabling some privacy features with letting wallets remain private will get a less wait to fit a transaction into a block and a leaner blockchain size

  • 3 days mempool life:

it will ensure a reduction of the possibility of the returned transactions

Readers will be able to find the rest of the remaining details of the update here. As for the market indicators for Electroneum, here is what they look like at the moment of publication:

  • Average price   $0.024453
  • Market cap         $166,770,279
  • Volume (24H)    $1,234,100