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Bitcoin Discussion
Re: Bank of China Moves to Patent Blockchain Scaling Solution
by
alyssa85
on
24/02/2018, 12:11:38 UTC
Quote from: status101 on February 24, 2018, 12:03:28 PM
"The application details that, instead of letting a new block store transactions from its previous one, a data compressing system could be used to pack transactions from multiple blocks into what the patent calls a "data block."
https://www.coindesk.com/bank-of-china-thinks-it-has-a-solution-to-the-blockchain-scaling-issue/
Did you know why china needs this thing for the system run the packed data through function with hash value.
Maybe they are intending to set up their own cryptocurrency?