“On Monday, Sun was able to put a new slate of witnesses in charge after a contentious soft fork limited his voting power. [Today], four former Steem blockchain validators (known as “witnesses”) have been voted back onto the council of 20 nodes that keeps Steem running.
By hitting four validators it is no longer possible for the Tron Foundation to launch a contentious hard fork to change the economic rules governing STEEM tokens.
[In addition], Steemit has become a small company – and it’s rapidly getting smaller. In the last 24 hours, four employees have quit. Similarly, when the Tron Foundation acquired BitTorrent, that company also saw a rash of employee exits and a subsequent lawsuit.”
“Cryptocurrencies are now classified as the “digital representations of value” that have the following characteristics:
- Not issued or guaranteed by any central bank or public body;
- Don’t have the legal status of currency or money;
- Can be used by individuals or legal entities as a means of exchange or payment;
- Serve investment purposes;
- Can be transmitted, stored and traded electronically.
This makes it easier for those spending cryptocurrencies and will give some relief to businesses built around them.”
“Beijing aims to bring blockchain’s unique transparency, traceability and immutability to its future governance with the usage of blockchain invoicing.
To reduce taxpayers operating costs, save social resources, increase consumer convenience for saving invoices and build a healthy and fair tax environment […]The tax bureau of Beijing has decided to pilot the application of blockchain electronic general invoice.”
“Walmart’s entry into Hyperledger comes nearly half a decade after the conglomerate first experimented with the platform.
We’ve seen strong results through our various deployments of blockchain, and believe staying involved in open source communities will further transform the future of our business.”
“For candidates who like to rail against what the modern financial system has become, it’s strange that most have little to say about the future of money. Bitcoin, Libra and the e-yuan all offer ways to improve on the status quo, and perhaps, if we make the wrong decisions, to make it worse.
We hope the 2020 candidates, and voters, will wrestle with these issues in the coming months as the election cavalcade rolls on, and the importance of these issues becomes ever more apparent.”
“The Paris Blockchain Week Summit — initially meant to take place from March 31 to April 1 — is now expected to take place on Dec. 9–10.
The organizers rescheduled the event due to recent guidelines issued by the French government which prohibit large gatherings that could increase the scope and severity of the coronavirus outbreak.”