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Russian Federation President Vladimir Putin endorsed blockchain technology during a meeting on Sunday with Herman Gref, the president of Sberbank, Russia’s largest bank.
‘We Need Professionals in This Field’
Gref, who said his bank would implement blockchain into its business, suggested to Putin that the Russian government should include blockchain technology in education and professional training, according to a translation by YouTube channel Russia Insight.
Blockchain technology is one of the key components of cryptocurrency networks such as Bitcoin and Ethereum.
“We need professionals in this field,” he said.
He also called for “very careful regulations” that wouldn’t prohibit virtual currency.
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The advent of blockchain technology is provoking a revolution of the Internet of Value. In the blockchain world, Ethereum, NEO, EOS and other blockchain-based computing platforms exploit land to run applications. On this land, a variety of application chain of different functions spring up, for example: Rebo network for cross-border payment, CVC with the function of authentication and Distributed File System IPFS. However, in the world of the blockchain, there is a lack of infrastructure with multiple functions which offer a variety of decentralized services. Brahma OS aims to fill that void.
The South Korean financial authorities are investigating 20 publicly listed companies for unfairly using cryptocurrency claims to boost their share prices. Crypto-related companies do not always follow through with their plans after seeing their share prices surge.
Investigating 20 Companies
The South Korean Financial Supervisory Service (FSS) has been investigating 20 crypto-related companies listed on the country’s stock exchange, Kosdaq, for unfair practices, local media reported.
The country’s financial authorities have also issued a warning to investors “that a number of unfair trade transactions were found in so-called ‘virtual currency-related stocks’ in the stock market,” Yonhap detailed. The Korean Banker elaborated:
After months of infighting between the organizers of Tezos, a blockchain project currently in development, and the Tezos Foundation, a Swiss nonprofit that controls the project’s pursestrings, the two remaining original members of the Foundation have “voluntarily” resigned. This means that since December, the entire three-person board has been replaced.
According to an announcement by the Tezos Foundation, Johann Gevers, the former president of the Foundation, has stepped down and will be replaced by Ryan Jesperson, a Tezos project contributor.
This week the owner of the web portal Bitcoin.org and Bitcointalk, a pseudonym called Cobra wrote an open letter to the bitcoin community asking them to think about changing the Bitcoin core network’s Proof-of-Work algorithm.
Bitcoin.org Owner ‘Cobra’ Says Bitcoin Mining Is Controlled By One Man and His Company
The owner of two well-known bitcoin websites has sparked controversy once again as he’s written an open letter to the community asking for a Proof-of-Work (PoW) consensus change. Cobra says bitcoin is slowly becoming less decentralized and he blames mining centralization. In fact, Cobra points to “one man and his company,” and that individual is Jihan Wu, the owner of the Chinese based Bitmain Technologies. Cobra says that the security of the Bitcoin core network depends solely on trusting that one company will be honorable.
Boris Akimov, a farmer and the founder of organic food start-up LavkaLavka supported by its own blockchain token, will use the Waves Platform to tokenise his own skills and time. He is one of the first entrepreneurs to explore this new application for the blockchain.
Amazing schemes and technological innovations are being tried and implemented to continuously enhance Bitcoin’s scalability, fungibility, financial confidentiality, and privacy. The Confidential Transactions (CT) tool is one of these schemes proposed to improve security and privacy. Now, to enhance CT capabilities, researchers are introducing a new efficient zero-knowledge proof protocol called Bulletproofs.
Bulletproofs To Improve Bitcoin Confidentiality
A team of researchers has recently put forward a paper entitled “Bulletproofs: Short Proofs for Confidential Transactions and More.” In it, the team proposes:
[Bulletproofs are] a new non-interactive zero-knowledge proof protocol with very short proofs and without a trusted setup; the proof size is only logarithmic in the witness size.