<h1>Binance Issues Report On PBoC’s Digital Currency</h1>


A research report from crypto exchange Binance has claimed that the digital currency being developed by the People’s Bank of China (PBoC) will be backed one-to-one by fiat, replace notes and coins in circulation, and operate on a two-tiered system. The first tier will connect the PBoC’s digital currency with commercial banks for currency issuance and redemption, and the second tier will connect it with individuals and businesses.

<h1>Bryan Bishop’s New Plan For Time-Delayed Bitcoin Transactions</h1>


Bitcoin Core contributor Bryan Bishop has published new plans for a “vault” system that was originally proposed in 2016 but was dropped, as it would have required a fork in the Bitcoin network. Bishop’s new vault design would not require a fork and would allow for time-delayed bitcoin transactions, giving users time to reverse a transaction if their private information became compromised.

<h1>ECC CEO Pushes For New Zcash Dev Fund</h1>


Zooko Wilcox, the CEO of the Electric Coin Company, the firm behind the Zcash project, is pushing for the network’s community to offer possible solutions for a new Zcash developer funding model. The current Dev Fund, which sees a portion of the Zcash block rewards go to funding developer projects, will come to an end in October 2020.

<h1>Litecoin Prepares For Early August Halvening</h1>


On August 5, Litecoin’s mining rewards will be cut in half from 25 coins to 12.5 coins per block. Litecoin creator Charlie Lee hopes the halved block rewards will ultimately lead to a jump in Litecoin’s price, similar to the outcome of the network’s first “halvening” back in August 2015.