Amazon-Blockchain? Online Retail Giant Receives PoW-Patent & more

Amazon-Blockchain? Online Retail Giant Receives PoW-Patent

Amazon has received a patent that sparked a lot of speculation in the crypto space. The patent is for a Proof-of-Work algorithm that works with Merkle trees. The patent reads:

“A proof-of-work system where a first party (e.g., a client computer system) may request access to a computing resource. A second party (e.g., a service provider) may determine a challenge that may be provided to the first party. A valid solution to the challenge may be generated and provided for the request to be fulfilled.”

The question is now what Amazon needs this proof-of-work system for. Blockchain is the first association that comes to mind when reading of proof-of-work. However, the use of such algorithms is not limited to blockchains. In fact, proof-of-work was invented to prevent spam.

Opera Web 3-Enabled Browser Now Supports TRON’s TRX

Opera is the first browser that has web 3 and Crypto wallet support. According to an official announcement, Opera is set to add the support of TRX on its hot wallet in the near future as its web 3 seeks to incorporate the support of TRON Blockchain. The significance of the added support is that the users of the Opera browser will be able to buy, send, and store TRX easily and in real time. Additionally, the Opera users whose number is about 300 million will be able to access TRON dApps and play TRON games without having to leave Opera.

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Binance Is Live Again And Offering BNB Worth $1.2 Mln To Depositors

As a way of apologizing to Binance depositors after the security breach of last week, the platform is now offering Tokens of BNP that are equivalent to $1.2 million. The Binance chief, Changpeng Zhao, has revealed the reward plan roll out on his Twitter account CZ Binance (@cz_binance).
“…giving $1,200,000 equivalent in $bnb back…” read the tweet. Moreover, the issuance of the $1,200,000 worth of BNB is a gesture of good faith to depositors and Crypto holders who have so far stuck with the Crypto exchange in its time of vulnerability.

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Facebook: Libra Network Settles in Geneva to Develop Stablecoin

The Social Network has created Libra Network to unroll its payment service and its headquarter will be the Swiss city of Geneva. We reported earlier this year that Facebook seeks venture capital investors to launch its stablecoin project.The Swiss newspaper Handelszeitung wrote yesterday that the Libra Network received an entry at the commercial register of Geneva on the 2nd of May.

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