ZenCash to perform a mandatory upgrade

ZenCash is releasing a mandatory upgrade to be performed by June 27 to align the codebase to Zcash and introduce upgrade manager
18 June 2018   700

ZenCash is rolling Zen 2.0.14 and Super Nodes as part of the mandatory upgrade that is to be executed by June 27 by all nodes, pools, exchanges, and wallets. The new Zen 2.0.14 is going to feature:

  • 10% increase of secure node block rewards;
  • 10% increase of Super Node block rewards;
  • 10% increase of treasury;
  • fork manager;
  • null Data (OP_RETURN) transactions.

The mandatory upgrade will mark the deployment of Super Nodes and the infrastructure migration to a new hosting server. After a thorough testing, Super Nodes will start producing earnings. Additional details are available here.

Price-wise, ZenCash characteristics are as follows:

Average price 18.65 USD
Market cap 76,207,622 USD
Volume (24H) 587,305 US

South Korea to Invest $1B in Blockchain Startups

Blockchain is a revolutionary technology and an integral component of the Fourth Industrial Revolution, local authorities believe
19 February 2019   103

Until 2022, Seoul authorities are investing 1.2 trillion South Korean won ($ 1.07 billion) in fintech startups working with distributed ledger technology. This is reported by CoinDesk.

Funds will be allocated for the development of new technologies through the Seoul Innovation Growth Fund, created last year by local authorities. The foundation will support startups working on various solutions, including those that are in the early stages.

In the first half of this year, the Fund will allocate 13.25 billion won ($ 11.75 million) and 8.4 billion won ($ 7.45 million) in the second half of 2019. For the Korean authorities, the blockchain is a revolutionary technology and an integral component of the Fourth Industrial Revolution.

The officials also noted that the average investment per start-up at an early stage of development in South Korea is almost seven times lower than, for example, in Silicon Valley.

Last fall, Seoul authorities submitted a five-year development plan for the blockchain industry.