IOTA will move to a decentralized transaction confirmation mechanism

The IOTA Foundation announced the completion of the development of a fully decentralized mechanism for verifying transactions and protecting the blockchain.

The Coordicide protocol update removes the centralized «coordinator» when validating blocks, and also solves the problem of network scalability. New mechanism, like the previous one, will also be responsible for the security and completeness of transactions, avoiding double spending.

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Blockchain startups raised $ 822 million in the first half of 2019

TOP 5 Blockchain Startups.

Blockchain startups raised $ 822 million in 279 separate investment rounds in the first half of the year, according to research by Outlier Ventures.

Analysis showed that the initial fundraising was carried out 57% of the time, indicating a fair number of businesses are moving from proof-of-concept to running open source working projects.

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Basel Committee believes that cryptocurrencies threaten financial stability and the work of banks

What is BASEL Norms ? BASEL committee on banking supervision | bank for international settlements |

The Basel Committee on Banking Supervision (BCBS), which develops international banking standards, issued a statement in which it expressed its concern about the growing impact of cryptoassets on the global financial system and the future negative impact of these changes..

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