Blockchain
Chronicle BSV Blockchain Latest Update
BSV Blockchain is pleased to announce its new Chronicle update which will officially launch later in 2024. The update will further align the BSV blockchain with the original Bitcoin white paper and allow it to dynamically scale at an exponential rate so it’s ready to meet the growing demand for trusted data.
The Chronicle update is a direct follow-up of the Genesis upgrade in 2020 which restored many aspects of the Bitcoin protocol that had been modified in previous software updates including the removal of most limit-based consensus rules, replacing them with miner configurable settings that give node operators the autonomy needed to set their limits as they determine are practical.
Connor Murray, Director of Stewardship said: “A main driving milestone of the BSV blockchain is to restore the protocol as close to the original protocol as possible, so with the Genesis update in 2020, we restored most of the original scripting functionalities of the script that were in the original Bitcoin protocol.
But there are still a few opcodes remaining that haven’t been restored yet. And, some limitations on ways you can add data into a transaction that needs to be removed. With the upcoming Chronicle update, due out later this year, we will restore some of the remaining opcodes that need restoration.”
These opcodes include:
- OP_VER
- OP_VERIF
- OP_VERNOTIF
- OP_SUBSTR
- OP_LEFT
- OP_RIGHT
- OP_2MUL
- OP_2DIV
This will enable several new use cases as well as the removal of unnecessary restrictions and limits placed on the node, including:
- Lifting restrictions on the length of numbers used in scripts
- No longer insisting that the script stack must be left “clean” after execution
- Low S requirement for signatures
- Allowing opcodes in the unlocking script
- No longer insisting on minimal encoding
However, the update will also add benefits for developers in several ways ahead of the upcoming Mandala upgrade.
Connor went on to say: “One of the opcodes is a versioning opcode which will allow developers to build overlay-type networks and transactions. it provides a way to version transactions, and build overlay networks, on top of the blockchain which we think is a really interesting use case.”
The Chronicle update will also provide the network topology that will scale as much as possible going forward, said Murray. He noted that an important function of the ongoing Teranode project is to take out some of the external services that the node currently handles and make the node software just do the core mining functions inherent to building blocks.
The Chronicle update is set to launch in Q3 2024 with further details available closer to the time. This will include more information on developer benefits and when miners should upgrade to the new version.
You can read more about Teranode and the Mandala upgrade here.
The post Chronicle BSV Blockchain Latest Update appeared first on HIPTHER Alerts.
Blockchain
India Electronic Contract Services Market to Worth Over US$ 624.33 Million By 2033 | eSignature Demand Among Financial Institutes to Remain High Says Astute Analytica
Blockchain
UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System
The United Nations International Computing Center (UNICC) and ShelterZoom are pleased to announce a new innovative blockchain-based solution for controlling and protecting the digital data of UN entities and other international organizations. As the largest strategic partner for digital solutions and cybersecurity within the UN system, UNICC has partnered with ShelterZoom, a leading data and content protection and ownership SaaS company behind innovations such as Document Token® technology and Document GPS®.
Building upon the 50 years of experienced innovation from the UNICC, the two organizations collaborated on a transformational undertaking offering robust protection and promising increased productivity for document tracking and management. ShelterZoom will contribute its proprietary document tokenization technology, along with its data protection, document tracking and e-signature solutions to deliver a white-labeled platform, giving member organizations a greater level of governance over their content. Using ShelterZoom’s flagship proprietary Single Source Of Truth® technology, the solution provides a means for each file to be protected individually without changing user normal habits instead of having to rely solely on protecting files at the database level. This ‘singularity and control’ is a new era in cybersecurity and document management, which has never been seen before at this level of seamless integration with existing tools.
“The synergy between what we deliver and the goals of the United Nations are a perfect match for Single Source Of Truth,” said Chao Cheng-Shorland, CEO and Cofounder of ShelterZoom. “We have said from the beginning that it is time to think about cybersecurity in a completely new way and in doing so we have created a solution to address other operational pain points while simultaneously solving one of the biggest challenges facing the global population today. The UN is at the frontlines of changing the world for the better and its forward-thinking approach to using technology to address fundamental issues is critical in improving livelihoods for all.”
ShelterZoom solutions have already been in use across dozens of industries and with this new commercial partnership, they can now extend their usefulness to the UN family and other international organizations. The revolutionary method for complete document tracking with built-in productivity tools, such as digital signatures and a market-first method for organizing files inside email, is an all-in-one solution built for a global workforce. The Single Source of Truth model has the added benefit of decreasing the carbon footprint created by excessive digital waste, further supporting the sustainability goals of the United Nations.
“The need for robust cybersecurity and data protection has never been greater,” said Sameer Chauhan, Director of UNICC. “By working together with ShelterZoom, we have developed a cutting-edge tool tailored to the needs of the UN family. Our unwavering commitment to providing best-in-class solutions ensures we continue to support the digital transformation and modernization of the UN system and other international organizations.”
The post UNICC and ShelterZoom Developed a Secure Document Tracking and E-Signature Solution for the UN System appeared first on News, Events, Advertising Options.
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