5 news from the crypto world - May 16

Accenture and Fujitsu Laboratories are jointly developing a blockchain interoperability solution . The project is called Hyperledger Cactus, and its masterminds say it will be an open source blockchain project that can link public and private blockchain networks. Accenture says it started working on the project last year and has since welcomed development contributions from the Japanese company.

Ethereum Classic Labs (ETC Labs) and their team of ETC Core developers have announced that Ethereum Classic (ETC) will undergo a system -wide network update , dubbed "Phoenix". According to a press release from the firm, this will happen in block number 10,500,839, estimated for June 3, 2020. Phoenix is ​​the result of a consensus among stakeholders: it will improve the capabilities of EVM (Ethereum virtual machine) and it will make Ethereum (ETH) and Ethereum Classic fully compatible for the first time.

The Libra Association , the organization that is developing the Facebook cryptocurrency Libra, has announced three new members : Singapore government investment firm Temasek, as well as San Francisco-based crypto investment firms Paradigm and Slow Ventures.

Pillar Project , an open source cryptocurrency wallet and token provider, launched its Smart Wallet with a built-in private payment network and a "meta token" , aimed at improving the usability and scalability of cryptocurrency payments. Through the Pillar Payment Network, which acts as a side chain network for the main blockchain and allows transactions, users will be able to make payments using the PLR ​​meta token, which automatically becomes the business token of choice.

Cryptocurrency companies in Mexico have teamed up for a joint cryptocurrency donation campaign that they say will lead them to deliver food packages to people in the country who have been most affected by the COVID-19 pandemic. Bitso and the Donadora crowdfunding platform have partnered with the Mexican Food Bank to raise money to help feed the nation's most vulnerable families. The parcels will contain around $ 6.50 in food, enough to "feed a family of four to six for a week." The campaign will run until the end of May.