Once again, the world of cryptocurrencies brings us a flood of news and that is why we bring you a summary of the most important ones.
📍In the United States, Republican senators are beginning to move to approve a new law that will make it legal to install backdoors in cryptography software and hardware, so that the government can use them. The "Access to Encrypted Data Act – AEDA"The Encrypted Data Access Act" seeks to give the federal government the authority to require backdoors to be installed in cryptography software, a move that could affect cryptocurrency projects based in that country.
📍South Korea is reportedly planning to apply blockchain to its voting system. The goal is to apply this technology in the 2022 elections, in order to enable online voting for its citizens in a secure manner. The statements were made by the Minister of Science and Technology Choi Ki-young, and they would be taking and applying the experience accumulated in blockchain given by COVID-19 and its application for the tracking of exposure of its citizens. The announcement was made by the popular social network Cocoa.
📍China continues to make great strides in blockchain technology. Now the giants China Banknote Blockchain Technology Research Institute, Feitian Technology, Baidu, Tencent, WeBank, JD.com and UnionPay Electronic Payment Research Institute along with other companies, They have decided to create an alliance to create a national digital identity structure based on blockchain. The DID Alliance, will seek to create an integrated infrastructure where identity can be tokenized and managed securely using blockchain technology. A system that could be integrated in the same way as DCEP, the Chinese digital currency that would soon be officially launched. The information was made known Daily Economic News from China.
📍John McAfee announced the launch of his coin Ghost, a Proof of Stake-based coin focused on privacy. However, even though it has been several days since its launch (June 22), the coin does not even have a wallet available and there are already several indications that it is a bluff. Its Github shows little development movement, only one person is in charge of the entire project (compared to the hundreds acclaimed by McAfee) and the whitepaper is plagiarized from the PIVX project.
📍For some years now, several anonymous hackers have been saying that protocols such as Tor are no longer safe to maintain anonymity on the network, due to known attack vectors such as "Passive Attack Analysis for Connection-Based Anonymity Systems»Or«Timing Attacks in Low-Latency Mix-Based Systems» or the «Sybil attack«. Given this, options such as Lokinet They can provide a new solution that makes browsing safe and private, using Onion Routing, blockchain and new protocols with greater potential and flexibility. If you want to know more, we leave you a video where they explain this interesting privacy project, which uses the best of Onion Routing, Blockchain, CryptoNote and cryptography.
📍AMD and ConsenSys have launched a secret blockchain project in which they hope to put 20 thousand GPUs into operation in parallel. W3BCLOUD This is the name of this curious project that seeks to give a boost to Web 3.0. The project draws attention because it has managed to raise 20 million dollars, but it is still not clear what they will do with all that computing power.
Continue reading: Great confusion regarding where Binance's headquarters is located
