Some information about us
The head of SEC told about cryptocurrencies and Bitcoin-ETF, Intel patents the technology of economical mining. The Ethereum team begins work on updating 1x.
The head of the American regulator Jay Clayton explained his position on cryptocurrency. He stated that they could not be attributed to the class of securities. The official’s words that Bitcoin could be a substitute for fiat money turned out to be a real sensation.
In addition, he explained his position on Bitcoin-ETF. Since his department has not previously encountered anything similar, now the SEC is trying to study this issue in depth. The department is alarmed by the increased volatility of the cryptocurrency, and seeks to protect investors' rights to the maximum. Fundamentally important is the issue of asset pricing. The degree of approval of contracts on Bitcoin-ETF depends on his decision.
What else say head of SEC about crypto industry
Intel company has received a patent for a processor for mining. By optimizing ASIC devices when recalculating the algorithm, the total energy consumption can be reduced by 20%. In addition, the processor is missing, as unnecessary, some familiar modules. This reduces its physical volume and cost.
The company is not the first time claims the rights to inventions in the field of mining. Prior to this, it was at its enterprises that chips were created for 21 Inc. Later, the customer was renamed Earn.com and was bought by Coinbase. In addition, Intel is already the owner of a number of developments. It is the company that owns the rights to the hardware accelerator technology for Bitcoin mining.
The next update, Ethereum, has already been called Serenity. Its launch is scheduled no earlier than 2020. However, before this, the blockchain is waiting for another hardfork, which will make global changes to the information processing algorithm.
According to preliminary information, Ethereum 1x will develop in four directions. These include the introduction of leases for storage, the relocation of smart contracts from the blockchain, the optimization of archiving old data and the launch of the new eWASM virtual machine. It is not clear what exactly will be able to implement from the planned. However, the team will have to carry out serious work, because the size of the blockchain has already exceeded 1 GB.