Ethereum To Achieve 1 Million Transaction Per Second

The creator of Ethereum, Vitalik Buterin, recently revealed that in an AMA session that with second-layer solutions such as sharding and Plasma, the Ethereum network will be able to process 1 million transaction per second and may be able to potentially process 100 million per second.

Sharding basically splits a Blockchain network into shards with certain nodes processing certain shards only not the whole Blockchain speeding up processing of settling information.

Plasma is a solution that is developed by Buterin and Joseph Poon from lightning network.

It works similar to bitcoin lightning network wherein it enables the Ethereum network to create child Blockchain networks within the blockchains that can process information more swiftly.

Tron Listed In Indonesian Crypto-Market

The Tron organization and its founder Justin Sun is seemingly relentless in their goal of getting Tron listed to as many crypto-exchange as possible.

Just recently Justin has announced via twitter that Tron will be available for trade on the Indonesian exchange, Indodax, beginning June 5th.

This was met by positive response to the whole Tron community as they can see the maximum effort being asserted by Justin and his organization to ensure the success of Tron.

Indodax was forthcoming in revealing the reason why they have included Tron in their trading platform with the primary reason that Tron is one of the top 50 crypto in CoinMarketCap and thus does not really need to go through the voting process.

The market is also responding to the current positive trend lately trading at $0.062 which is up by 2.24% in the last 24 hours of trading.

Chinese Internet Giant Baidu To Launch Its Own Blockchain Protocol

Baidu, one of China’s internet giant has announced that its own blockchain protocol with the aim of reducing mining energy consumption.

The new Blockchain protocol will be name “Super Chain.”

The said Blockchain protocol has the ability to insert or remove consensus mechanism to solve the current energy consumption problem.

What makes this even more interesting is the fact that the Baidu team is claiming that it will be compatible with the development system of both Bitcoin and Ethereum.

This is not the first time Baidu delve into Blockchain-powered applications as it already rolled-out a Blockchain-based product that manages digital image property rights.

It seems that China is beginning to realize the potential Blockchain even its president have cited it as one of the technology that will spur in the next industrial revolution.

Visa Network Crashed While Bitcoin Boasts An All-time 99.99% Uptime

The payment system of Visa crashed yesterday which inconvenience millions of its user around the world.

Payment processing across Europe and the US was halted due to this crash.

The problem has since been resolve but the incident served to highlight the need to decentralization.

It took Visa almost 20 hours to resolve its service disruption prompting banking consumers to line up on ATMs for fear of prolonged outage and get as much cash as they can.

While Visa was dealing with their service disruption bitcoin’s twitter account tweets that bitcoin has never gone down ever. Well except maybe when major forks are happening.

Japanese Corporation Offers Loans For Cryptocurrency Collateral

Abic corporation is a Japanese firm that is operating in Japan is probably the first company in the country to offer loans that is secured by cryptocurrency.

It has announced that by June 1, It will offer loans with virtual currency bitcoin (BTC) as collateral.

The company is founded in 1973 with its headquarter in Tokyo.

The company offers a broad range of secured loan products including commercial and real estate loans.

The loan offering of the company is available for both businesses and individuals.

The loans are between 2 million to 1 billion yen with an annual interest rate with rage from 2.98% to 15.0%.

Allowable periods of loan range from one month to five years.

Loans can be paid up to 60 installment and with a delinquency charge of 20% annually.

Furthermore, in the event that the bitcoin forks during the loan period the ownership of the new forked digital assets remain to the borrower.

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