Blockchain 

Deutsche Bank Joins JPMorgan’s Interbank Information Network Platform

Germany’s largest bank, Deutsche Bank, has joined 320 other banks in the JPMorgan blockchain network, the Interbank Information Network (IIN). The move aims to lower cost for Deutsche Bank, which handles a vaster amount of euro payments relative to any other bank globally. This will also enhance cross-border transactions and thus avoid the costly lag periods. IIN Platform to Enhance Cross-Border Transactions According to the bank’s head of cash management globally, Ole Matthiessen, the Interbank Information Network will allow the bank to provide customers with enhanced services. He added that…

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Blockchain 

Is Tether Taking Over the Ethereum Network? Buterin Warns of Issues

Processing transactions in the digital token Ether on the underlying blockchain could soon be expensive for some users. This is warning issued last week by Vitalik Buterin, the co-founder of Ethereum. According to tracker Etherscan.io, utilization of the Ether network has significantly increased to around 90%. Buterin indicated that as utilization grows, so do transaction costs, and that might deter corporate users from using Ethereum. Tether Replacing ICOs on Ethereum Network During the height of cryptocurrency, the digital game CryptoKitties was taking off and slowing down the Ethereum network immensely.…

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Blockchain 

Massive Indian Telecommunication Provider Develops Blockchain Network

There are plenty of trends in the technology sector that will fade over time. Blockchain does not appear to be one of them, however. Just as more countries are warming up to cryptocurrency—New Zealand just gave the go-ahead for employers to pay staff in digital currencies—more and more countries are starting to use this innovative technology. India is the latest. Here’s what we know. India Moves into Blockchain Technology At the start of this week, news came out that Reliance Jio Infocomm, a massive telecommunications provider in India, has decided…

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Blockchain 

TRON (TRX) Launches the Sun Network V1.0 Sidechain Scaling Solution

TRON (TRX) has announced the release of the Sun Network V1.0, which is a sidechain scaling solution officially being introduced by the TRON Foundation. Sun Network V1.0 to Offer Unlimited Scaling Capability The Sun Network V1.0 released is expected to enhance and offer unlimited scaling capacity to the platform’s mainnet. This will supposedly ensure dApps are running efficiently with high security while at the same time consuming less energy on TRON. Since the Sun Network V1.0 integrates several scaling projects such as smart contracts, cross-chain communications, dAppChain, and optimized application…

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Blockchain 

TRON (TRX) to Release Version 1.0 of the Sun Network on August 10

According to TRON (TRX) founder Justin Sun, the company is planning to launch Version 1.0 of the Sun Network on August 10. The founder took to Twitter to make the revelations, indicating the Sun Network was one of the 100X scalability solutions of TRON. The network is expected to be optimized on September 15. Scalability Solution to Enhance Transfers The Sun Network is a fast blockchain solution for smart contracts, distributed apps, and cross-chain activity. Justin Sun indicated that the solution will also include the DappChain that will allow developers…

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Blockchain 

BitTorrent Token (BTT) to Power Expedited File Sharing on TRON Network

BitTorrent Token (BTT) has taken a significant hit in recent weeks after hitting peak levels in May. While a crash to new lows against Bitcoin (BTC) is a point of concern, the software company behind the token is already looking into the future. BitTorrent Speed The TRON subsidiary has launched BitTorrent Speed, a new crypto powered approach designed to enhance peer-to-peer file sharing. The speedy software seeks to scale up upload and download speeds within the TRON network. Millions of users stand to enjoy fast and uninterrupted access to files…

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Blockchain 

LiteLink Enters Into Strategic Alliance with SPARE to Bring the Virtual ATM Network to uBUCK Customers in the US

VANCOUVER, British Columbia, June 24, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(FRA:C0B)(OTC:LLNKF), a key player in logistics platforms and payment solutions, is pleased to announce that its wholly-owned subsidiary uBUCK Technologies SEZC (“uBUCK”) has signed a strategic alliance with Spare CS, Inc. (“SPARE”) to bring virtual ATM capabilities to uBUCK customers. SPARE is a mobile ATM app that allows users to convert their digital balance into cash at registered merchants without the need for a debit card, credit card, or a brick and mortar bank. The agreement will…

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Blockchain 

Samsung Blockchain? Tech Giant Developing Blockchain Network

South Korean tech giant Samsung is reportedly developing its own blockchain network. It’s expected the venture will lead to a Samsung token in the near future. Samsung Blockchain According to an internal source “familiar with Samsung’s internal situation,” the company’s wireless division is building a mainnet based on the Ethereum blockchain. Led by its blockchain task force, the new network is still at the “internal experimental” stage. According to the source: “Currently, we are thinking of private blockchain, though it is not yet confirmed. It could also be public blockchain in…

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Ethereum 

Sharding Improvement Coming to Ethereum Network?

There’s a lot of news floating around about the Ethereum network this week. Some bad, some good. This article, however, is going to focus primarily on the latter news.  Ethereum Network to Add Sharding Scaling Yesterday, the co-founder of Ethereum hinted that sharding scaling is coming to the Ethereum network. He tweeted this to his 747K followers. This would be pretty significant if it were to happen. Why? Because it means the transaction processing capacity on the Ethereum network could soon increase.  For those who don’t know, sharding is defined as…

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Ethereum 

Ethereum [ETH] Ranked World’s Top Blockchain Network by Chinese Govt

Ethereum [ETH] – Just this morning, China’s Ministry of Industry and Information Technology released blockchain ratings. These ratings were based on three criteria technology, innovation, and application. 1/ Public blockchain ratings by China’s ministry is out: #Ethereum ranks top of the 28 cryptos evaluatedSource (in Chinese): https://t.co/9jStIiFKcc — cnLedger (@cnLedger) May 17, 2018 As shown by the chart below, 28 different cryptocurrencies were included in the crypto rankings. 4/ Detailed scores of the first crypto ratings by CCID Research, China’s Ministry of Industry & Information Technology pic.twitter.com/7LiJIWokge — cnLedger (@cnLedger)…

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