ZenCash to to undergo a hard fork

ZenCash will initiate a hard fork on June 26 as a response to a production of the Bitmain AntMiner Z9 Equihash ASIC miner
29 May 2018   2606

As the shipping of the Bitmain AntMiner Z9 Equihash ASIC miner is scheduled for the late June 2018, the ZenCash community is concerned. The concern is that on top of being 12x more energy efficient, the miner specifically focuses on Equihash - ZenCash hashing algorithm. As Bitmain develops more powerful miners, it may get able to maintain more than 50% of the mining hashrate and decide whether to allow ZenCash blockchain to be upgraded or not.

The counter-measure is to change the hashing algorithm from Equihash to Equihash-144-5. This will result in a hard fork. The mandatory software update is scheduled for June 26. A 10-point checklist was prepared to outline the upgrade. More details can be found here.
At the moment of publication, ZenCash market indicators are as follows:

Average price 28.17 USD
Market cap 111,115,862 USD
Volume (24H) 2,887,830 USD

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   93

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.