The World Crypto Economic Forum will take place in San Francisco on January 15-16

First crypto event of the year in Bay area will bring together some of the most prominent figures in crypto world
20 December 2017   404

If you are interested in cruptoeconomy there will be a perfect event for you. In South San Francisco Conference Center on January 15 starts first of the year two-day WCFE. It will bring together entrepreneurs and enthusiasts, thinkers and makers of the crypto market to discuss the ever-changing and evolving blockchain economy.

At this event all facets of the cryptoeconomic world will be represented. Nick Sazbo – computer scientist, cryptographer and creator of smart contract concept – will perform at the conference. Also of note are the presentations by Igor Barinov - Co-Founder and Project Manager at Oracles Network, and by Michael Arrington, who is the Founder at Arrington XRP Capital and at TechCrunch. Among other notable figures who will take stage you will be able to meet successful entrepreneurs and blockchain experts such as Bill Barhydt (Abra), Joey Krug (Augur/Pantera), Spencer Bogart (Blockchain Capital), Justin Newton (Netki), Toni Lane Casserly (Culture), Eric Ly (LinkedIn), Miko Matsumura (Evercoin), Robert Viglione (ZenCash) and many others. Their presentations and talks will cover all manner of relevant topics from hardware and blockchain technology to utilizing tokens in new economic models.

In addition to keynote presentation and discussions, WCEF will also feature lightning talks, power networking sessions, hiring mixer, token pitch contest, hackathon and thematic Expo.

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.