BANKEX Monthly Update: July 2018
It’s been a phenomenal Summer so far. Let’s take a look at what we achieved in July.
New Tech and Services
22 Thousand Transactions per Second
Transaction speed has been one of the limiting factors preventing the popular adoption of blockchain technology. Bitcoin and Ethereum can handle 7 and 15 transactions per second, respectively. Compare that to Visa, the world’s largest payment network, which can process 24 thousand transactions per second. Now, BANKEX Plasma has reached a capacity of 22k simultaneous transactions per second, at a cost of less than $.005 per transaction. Thanks to BANKEX’s Plasma protocol, blockchain solutions will be able to match the giants of the payment-processing world for transaction speed and cost.
Bounty Service Released
BANKEX is making life easier for the blockchain community. Our new BANKEX Bounty Service simplifies and automates bounty and airdrop campaigns. Whenever you need to call upon the community to hunt bugs, share your posts, or partake of your latest token offering, use BANKEX Bounty Service to get your campaign out quickly and easily.
BANKEX Scan — Ethereum Blockchain Explorer for Android
We’ve launched BANKEX Scan — an Ethereum blockchain explorer to search and check Ethereum and ERC-20 token balances and transactions by address, transaction hash, or block number. BANKEX Scan has an intuitive interface and easy navigation, and is going to be adding features as time goes on. We’ve already released a mobile version for Android devices, and added the ability to scan and display ERC-721 token balances.
New Exchange Listings
As BANKEX continues releasing new products and testing new solutions, it’s important that potential investors around the world be able to access the BKX utility token. To that end, BKX has been listed on the Bittrex, one of the largest US-based exchanges, and UPbit, the largest Korean exchange. US and Korean traders and investors can now obtain BKX tokens and use them to access BANKEX services.
New Event
Global Virtual Blockchain Hackathon
BANKEX Foundation was one of the organizers of the Hack Summit Virtual Blockchain Hackathon, which took place July 6–9. 2000 developers competed for over $150,000 in crypto currency prizes. BANKEX Foundation’s team challenges focused on Plasma Protocol, BANKEX’s Proof-of-Asset protocol, and the web3swift library, with a smart contract-auditing CTF competition for individuals. This was an important step in opening up our technology to talent from all over the world.
New Award
Maria Mikhailenko Earns Frontier Award at London Fintech Week
BANKEX Head of Risks and Analytics and Open Charity Product Lead was awarded the Digital Frontier Woman Award at London Fintech Week. Maria Mikhailenko holds an MS in Mathematics, won a 2017 international hackathon by judged by Vitalik Buterin, and has now been recognized by The Decade of Women as a trailblazing woman in tech. During her acceptance speech, Maria announced an educational program for women, supported by BANKEX.
Media
What to Expect in August
This August we are ready to announce new products and updates to our existing technologies and products. Stay tuned!
We love to interact with our blockchain community, so feel free to contact us directly with any questions you may have. We are always glad to meet new people interested in fintech, and explain how this crypto stuff works and to make new friends.
Thank you for your support! ❤️
In the BANKEX Monthly Update we publish news and information about the hardworking BANKEX team, its professional activities, and achievements. We also announce plans for initiatives and milestones towards realizing ongoing projects and goals, and we’ll share information about BANKEX participation in events in the fintech, blockchain and other spheres.
