Browsing:Blockchain News

Solana launches ZK compression, a new feature that drastically cuts costs
2 days ago 2 mins read

Solana launches ZK compression, a new feature that drastically cuts costs

Solana (SOL) has implemented zero-knowledge (ZK) compression, a tool created by Light Protocol and Helius Lab, to assist developers in reducing expenses associated with token and account creation by compressing their on-chain state. The compression employs zero-knowledge proofs to guarantee the integrity of the data and enables data retrieval using supported RPC providers. Developers can reduce on-chain storage costs by storing just state roots on the blockchain and keeping additional data on Solana’s ledger. Mort Mumtaz, the CEO of Helius, highlighted the significant cost reduction and scalability enhancements achieved through ZK compression. This technology has enabled a 10,000-fold improvement in

iRA Blocks to Democratize Real-World Asset Investment
2 days ago 2 mins read

iRA Blocks to Democratize Real-World Asset Investment

iRA Blocks is a platform that utilizes blockchain technology to democratize access to valuable assets such as real estate, luxury items, and aviation. This strategy divides large assets into smaller, cost-effective parts, enabling a wider spectrum of investors to take part. The platform use smart contracts to automate the administration of assets, including the distribution of dividends and voting rights. This guarantees that fractional owners have the ability to participate in the decision-making process regarding their investments. iRA Blocks enhances liquidity in markets that are typically illiquid, hence streamlining and expediting transactions. The platform utilizes smart contracts to automate several

1inch teams up with Blockaid to enhance Web3 security
3 days ago 1 min read

1inch teams up with Blockaid to enhance Web3 security

1inch, a leading DeFi aggregator, has launched the 1inch Shield, a solution designed to protect users against various potential threats. The partnership with Blockaid, a major provider of Web3 security tools, aims to set a new standard for security in the cryptocurrency landscape by combining Blockaid’s innovative security solutions with 1inch’s advanced features. The collaboration aims to enhance user safety and asset protection, contributing to the growth and mainstream adoption of DeFi. Blockaid acts like an anti-virus for Web3, leveraging superior data and machine learning to identify and protect against malicious attackers. By providing clear information about transaction execution, Blockaid

Aleph Zero Launches The First EVM-Compatible ZK-Privacy Layer
5 days ago 1 min read

Aleph Zero Launches The First EVM-Compatible ZK-Privacy Layer

Aleph Zero has announced significant ecosystem advancements, including the first EVM-compatible ZK-Privacy Layer capable of generating zero-knowledge proofs on consumer-grade devices and zkOS, a product suite for seamless integration of on-chain privacy into various Web3 applications. The testnet release of the ZK-privacy EVM Layer 2 solution powered by Arbitrum Orbit on Gelato RaaS marks the first EVM-compatible privacy solution capable of subsecond ZK proving times, significantly enhancing the end-user experience by making on-chain privacy virtually instantaneous. Aleph Zero also revealed its long-term strategy to develop zkOS, a client-side, chain-agnostic zero-knowledge privacy system that aims to offer Privacy-as-a-Service (PaaS) via seamless

Cardano hits milestones with robust growth and partnerships
5 days ago 1 min read

Cardano hits milestones with robust growth and partnerships

Cardano (ADA), a prominent crypto, is witnessing substantial proliferation in acceptance, as its pioneering methodology in blockchain technology is enticing a multitude of initiatives and collaborations. The platform utilizes the Ouroboros proof-of-stake consensus mechanism, which efficiently and securely processes more than 1,000 transactions per second (TPS). The Cardano subreddit has a substantial community support, boasting a membership of over 500,000 individuals. Cardano’s strategic alliances with organizations such as the Ethiopian government and New Balance have expanded the range of uses for Cardano. The decentralization of the platform is upheld by more than 3,000 stake pools, guaranteeing the security and durability

Polkadot (DOT) approves a $65 million fund for JAM architecture
1 week ago 1 min read

Polkadot (DOT) approves a $65 million fund for developing the JAM architecture

Polkadot has allocated a $65 million fund for the development of the Join-Accumulate Machine (JAM) architecture, with the goal of enhancing blockchain scalability and flexibility. The fund, comprising a reward pool of 10 million DOT tokens, aims to improve data management and network interoperability inside the DOT network. JAM tackles performance challenges arising from sharding, a process that decreases coherency and poses difficulties in constructing metasystems across particular chains. The program aims to establish a decentralized network with the ability to handle various computational jobs, promote innovation, and grow the Polkadot ecosystem. Participants are required to fulfill certain conditions, including

Ripple launches a $640 million XRPL fund to boost blockchain
2 weeks ago 2 mins read

Ripple launches a $640 million XRPL fund to boost blockchain innovation in Japan and South Korea

One of the most prominent blockchain companies, Ripple, has initiated the XRPL Japan and Korea Fund with the intention of fostering blockchain innovation in the countries of Japan and South Korea. As part of Ripple’s bigger intention to contribute one billion XRP to encourage blockchain developers, the fund will provide support for corporate partnerships, awards for developers, investments in startups, and community growth. Ripple’s CEO Brad Garlinghouse has expressed concern about the “hostile regulatory environment” in the United States, which comes at the same time that the fund is being established. Additionally, Ripple is striving to hasten the adoption of

US Navy seeks partners to further its PARANOID blockchain tech
3 weeks ago 1 min read

US Navy PARANOID ensures software security by using blockchain to validate files across nodes

The US Navy seeks business partners for a joint research and development agreement to further its “PARANOID” blockchain technology. PARANOID (Powerful Authentication Regime Applicable to Naval Operational Flight Program Integrated Development) protects software against hackers during development and deployment using blockchain. The Naval Air Warfare Center’s Aircraft Division (NAWCAD) in Lakehurst, New Jersey, designed PARANOID to secure U.S. Navy avionics software, but they soon realized it could be used for any software development project. PARANOID uses blockchain to verify files across nodes during development to secure software. Developer activities are immutably recorded on the PARANOID blockchain. The PARANOID system’s blockchain-based

Union's New Protocol
1 month ago 2 mins read

Union’s new protocol promises seamless blockchain interoperability

Union’s permissionless technology promises seamless communication across major blockchain ecosystems. Since Bitcoin’s 2009 launch and the subsequent innovation boom, the web3 sector has encountered several obstacles. Blockchain programmers face scalability and interoperability difficulties in addition to regulators, user experience, and criminal actors. Industry development requires blockchain interoperability. The World Economic Forum’s 2020 whitepaper advised against platforms that impede future cooperation. Imagine using Gmail and not being able to email Yahoo; this would have slowed internet growth. Blockchains should follow suit. Cosmos’ Inter-Blockchain Communication (IBC) protocol allows sovereign chains to communicate without compromising independence, making it a leader. Map of Zones

Bitcoin developers explore DeFi to enhance programmability
1 month ago 2 mins read

Bitcoin developers explore DeFi to enhance programmability, aiming to match Ethereum

Bitcoin developers are investigating decentralized finance (DeFi) to make Bitcoin more programmable to compete with Ethereum. Recent advancements like Bitcoin Layer 2 networks, Runes, BRC-20 tokens, and software changes show Bitcoin might soon rival Ethereum’s versatility, propelling market growth. After the first US Bitcoin exchange-traded funds and the latest Bitcoin “halving,” the community is concentrating on Bitcoin’s future. Focus is now on DeFi’s ability to make Bitcoin more dynamic than digital gold. Toby Lewis, Ordinals co-founder, thinks Bitcoin’s DeFi ecosystem might be the biggest in crypto. Today, Bitcoin’s TVL is $1.137 billion. Lewis adds “Bitcoin’s DeFi ecosystem could grow to

Optimism (OP) fixes major testnet flaws after a tip from rival Offchain Labs
2 months ago 1 min read

Optimism (OP) fixes major testnet flaws after a tip from rival Offchain Labs

After Offchain Labs identified severe security vulnerabilities on its testnet a few weeks ago, Optimism (OP) promptly addressed and resolved them. The aforementioned flaws, which were discussed on April 25th, enabled attackers to modify the records of network activity and carry out intricate assaults. Offchain Labs notified Optimism on March 22 with two significant flaws with the OP Stack fraud-proof technology. Adversaries may have manipulated the chain history by introducing false information or obstructed the legitimate chain by utilizing these vulnerabilities, resulting in technical disruptions. Despite being competitors, Offchain Labs identified and disclosed these significant issues. Developing secure and tamper-proof

Worldcoin (WLD) is enhancing its verification mechanism and introducing additional Orb models in various colors as part of its worldwide expansion efforts.
2 months ago 1 min read

Worldcoin (WLD) upgrades Orb technology and seeks new global tech and finance partnerships

Worldcoin (WLD) is enhancing its verification mechanism and introducing additional Orb models in various colors as part of its worldwide expansion efforts. The project is using this technology to enhance its artificial intelligence capabilities and strengthen its position in the financial sector. Bloomberg has reported that Worldcoin, led by Sam Altman, is engaged in discussions with OpenAI and other prominent players in the business, but their names remain undisclosed. Tools for Humanity, the organization responsible for overseeing Worldcoin, is expanding its technological and financial networks outside the field of artificial intelligence. During a Bloomberg interview, Alex Blania, the CEO of

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