Browsing:Blockchain News

Polkadot (DOT) approves a $65 million fund for JAM architecture
21 hours 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
1 week 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
2 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
4 weeks 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
4 weeks 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

Ethereum Dencun also releases nine Ethereum Improvement Proposals (EIPs)
3 months ago 1 min read

The Dencun upgrade, the biggest Ethereum update ever is now live on the Ethereum mainnet

The Dencun upgrade, the biggest Ethereum update, has been enabled on the Ethereum mainnet. The upgrade uses EIP-4844, also known as Proto-Danksharding, to build a dedicated data channel on Ethereum for layer-2 data, drastically lowering transaction costs on rollups. In addition, Dencun also releases nine Ethereum Improvement Proposals (EIPs), tying it for the most upgrades released in a single hard fork. Following Dencun, the Ethereum foundation team stated that most rollups and their users will notice advantages within hours to days, since the availability of data blobs on Ethereum should reduce transaction costs by 5-10x. This tangible advantage to customers

The Ethereum Foundation has announced that the Dencun network upgrade is set to go live on the Ethereum mainnet
4 months ago 1 min read

Ethereum announces Dencun upgrade is officially live on all testnets

The Ethereum Foundation has announced that the Dencun network upgrade is set to go live on the Ethereum mainnet on March 13, 2024. The upgrade, which follows the Shapella upgrade, includes major changes to both the consensus and execution layers of Ethereum Network, detailed in EIP-7569. Some important changes to the protocol include: EIP-1153 for transient storage opcodes, EIP-4788 for beacon block root in the EVM, EIP-4844 for shard blob transactions, EIP-5656 for memory copying instruction. Plus, EIP-6780 for SELFDESTRUCT only in the same transaction, EIP-7044 for perpetually valid signed voluntary exits. In addition, EIP-7045 for increase of the maximum

Cardano (ADA) introduces Plutus V3 engine, enhancing smart contract functionalities
4 months ago 1 min read

Cardano (ADA) introduces Plutus V3 engine, enhancing smart contract functionalities

Cardano (ADA) Network has unveiled its Plutus V3 engine, aiming to revolutionize smart contract functionalities and drive developer innovation. The team said that the engine enhances performance and functionality on Cardano’s PoS network. This in fact enhances smart contract capabilities and driving interest among developers seeking advanced blockchain solutions. Furthermore, it is noted that it offers enhanced cryptographic capabilities, including optimal algorithm usage, Ethereum porting ability, and sidechain bridging. Besides, the introduction of Sum of Products (SOPs) optimizes script size and boosts smart contract execution speed on Cardano. Cardano founder Charles Hoskinson expresses his optimism about the significant steps Plutus

Solana blockchain network suffers another outage, SOL price dropped
4 months ago 1 min read

Solana blockchain network suffers another outage, SOL price dropped

There is currently an outage on the Solana blockchain network, which is the 11th in the last two years. According to the most recent updates, block advancement has stopped, and Solana’s (SOL) mainnet beta has not been operational for roughly two hours. Two well-known block explorers, Solscan and OKLink, first reported that there weren’t many new transactions on the network, which led to the discovery of the issue. The most recent transaction was recorded at 9:52 a.m. UTC. Upbit, a crypto exchange, announced that it would not be taking any more SOL or other token deposits or withdrawals, citing ongoing

Jupiter DEX on Solana hits $480 million in trades, beating Uniswap
5 months ago 1 min read

Jupiter DEX on Solana hits $480 million in trades, beating Uniswap

Jupiter, a decentralized exchange (DEX) operating on the Solana blockchain, has made waves by achieving an impressive $480 million in trading volume within 24 hours. Notably, the surge in activity propelled Jupiter ahead of Ethereum’s Uniswap, surpassing its trading volume by $10 million, according to data reports. A significant catalyst for this surge was the introduction of “Wen,” a new memecoin distributed via an airdrop on the Jupiter platform. The airdrop was aimed at Solana users who had interacted with Jupiter DEX within the previous six months, as well as owners of Solana Saga phones. Wen’s creation serves as an