Upgraded Hyperledger Fabric Sees 7-Fold Increase in Transaction Speed

Researchers have boosted Hyperledger Fabric’s capacity from 3,000 transactions per second to 20,000. Researchers have re-engineered the Hyperledger Fabric to support almost seven times more transactions per second (TPS), according to a May 2 news release from Canada’s University of Waterloo.A new series of optimizations increased the volume of data that the blockchain — used by financial institutions, IT giants and engineering companies — can process.…

Vanbex Founders Sue Former Contractor for False Statements That Firm Was a Scam

Canadian blockchain consulting firm Vanbex filed a lawsuit against its former contractor for false defamation. Canadian blockchain firm Vanbex has filed a lawsuit against its former contractor for spreading false and defamatory statements about the firm, as Vanbex announced on May 1.On March 14, Canadian police froze personal assets of the firm’s founders Kevin Hobbs and Lisa Cheng due to an allegedly fraudulent initial coin offering (ICO).According to court documents, the Royal Canadian Mounted Police (RCMP) determined that Vanbex founders Kevin Hobbs and Lisa Cheng were defrauding investors by offering investment in its token Etherparty (FUEL), while intending to use investor funds for personal benefit, rather than developing products.Following the reports, Vanbex’s founder Cheng told Cointelegraph that the firm knows with certainty that false claims by their former contractor “have created files with several government agencies,” adding that business accounts have not been frozen.According to the lawsuit, Vanbex’s former engineering contractor Kip Warner published and made false and defamatory statements such as claiming that Vanbex was a shell company, and its founders were operating an illegal business.…