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VNX Exchange Project, IATBA Association, Ethereum Update

11/26/2018
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  • Ethereum_1x
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VNX Exchange and the University of Luxembourg, the European association of the blockchain IATBA. The Ethereum team is working on a new hardfork.

University of Luxembourg and VNX Exchange

The VNX Exchange cryptocurrency exchange, together with the University of Luxembourg, has begun work on creating new products based on the blockchain. The company appealed to scientists with the request to develop structures to improve safety during storage and transmission of data.

Since VNX Exchange has big development plans, it needs the best combination of security and speed of information movement. At the same time, the site needs openness to regulatory authorities. All these questions must be resolved by the staff of the University. According to the head of VNX Exchange, Alexander Tkachenko, the finished product should not only affect the operation of a specific site. It is expected that this will be able to change the global concept of cryptocurrency.

University of Luxembourg and VNX Exchange

IATBA will start work in early 2019

The association of blockchain applications of EU countries will begin its activities in the first quarter of 2019. Its task is to create an international protocol and promote technology. The group includes state and commercial organizations of the European Union.

The organization was created at a roundtable in Brussels, where European officials discussed the integration of the blockchain into the economic space. There it was decided to create a supranational association, which will be engaged in the promotion of new technologies. First of all, IATBA is expected to turn its attention to the banking sector. Therefore, a number of EU credit institutions have already received an invitation to cooperate.

IATBA will start work in early 2019

Ethereum is waiting for a global update

The Ethereum development team is accelerating the work on updating the blockchain. However, in its sphere there was a heated discussion about open discussion and preparation. After Constantinople was very coldly received by the community, the idea arose of working in private.

However, a number of reputable programmers, including Vitalik Buterin and Joseph Lubin, spoke in favor of an open process. Now the main problem is the expanded volume of blockchain. He has already exceeded 1 terabyte, which creates certain difficulties. In addition, it is planned to change the algorithm of the smart contract and complete replacement of the virtual machine. It is expected that “ethereum 1x” will be released no earlier than the summer of 2019.

More about ETH updating

Ethereum is waiting for a global update

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