Browsing:Blockchain News

Ethereum Dencun also releases nine Ethereum Improvement Proposals (EIPs)
6 days 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
3 weeks 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
3 weeks 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
1 month 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
2 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

The Solana Foundation
2 months ago 1 min read

Solana Foundation Launches Token Extensions to Boost Advanced Functionality

The Solana Foundation, a non-profit organization dedicated to decentralization on the Solana network, has launched token extensions. This innovative offering aims to provide developers, enterprises, financial institutions, and Solana-native development teams with a comprehensive set of turnkey solutions for advanced token capabilities. On January 24, Solana announced the launch of token extensions, which marked a significant milestone in the company’s commitment to promoting decentralization, adoption, and security. Anatoly Yakovenko, co-founder of Solana and CEO of Solana Labs, expressed enthusiasm for the new development. He stated that token extensions enhance Solana’s unique features, making it an ideal platform for developers. According

Uniswap Labs released a new security feature known as Permit 2.
2 months ago 2 mins read

Uniswap Labs releases a new security feature known as Permit 2

On January 18, Uniswap Labs, the developer of the popular decentralized exchange (DEX) Uniswap, released a new security feature known as Permit 2. This development aims to address the critical “infinite token allowances” vulnerability, which poses a potential risk to user funds. By introducing Permit2, Uniswap Labs hopes to improve user protection and control over digital assets. In the context of decentralized finance (DeFi), “token allowance” refers to a permission mechanism that users grant to smart contracts, granting them access to tokens. This permission is required for users to interact with different decentralized applications (DApps), such as decentralized exchanges and

Worldcoin Project Launches Orb Verification in Singapore
3 months ago 1 min read

Worldcoin launches Orb in Singapore for verification purposes

Singaporeans can now use the Orb, a specialized hardware device introduced by the Worldcoin project, for verification purposes, marking a significant step toward global proof of personhood. As part of the project’s cryptographic initiatives, the Orb plays a critical role in improving identification verification. The Orb is a hardware device introduced by the Worldcoin project to streamline and improve identification verification processes. This device represents a significant advancement in the global movement for proof of personhood, offering users a secure and efficient method of verification. The accessibility of the Orb follows the December release of the Worldcoin iris recognition pipeline,

Binance crypto exchange has launched the Sleepless AI project on its Launchpool
3 months ago 2 mins read

Binance Unveils Sleepless AI: AI Gaming on Blockchain

Binance crypto exchange has launched the Sleepless AI project on its Launchpool—a one-of-a-kind Web3 and artificial intelligence (AI) gaming platform that offers users a novel way to stake and farm tokens. The Sleepless AI staking webpage will go live on December 28, 2023, 24 hours before the launchpool begins. Token farming participants can stake BNB, FDUSD, and TUSD in a dedicated pool. The much-anticipated $AI tokens, which will be native to the Sleepless AI platform, are set to go live at 18:00 on January 4, 2024. AI/BTC, AI/USDT, AI/BNB, AI/FDUSD, AI/TUSD, and AI/TRY are some of the $AI trading pairs.

Ultra to Launch First Resalable Tokenized PC Game
3 months ago 1 min read

Ultra to Launch First Resalable Tokenized PC Game: Josh Journey

Ultra, a PC marketplace catering to both blockchain and traditional “Web2” video games, is set to introduce a groundbreaking feature—launching the first digital PC game that can be resold to other users via a tokenized license. The feature will debut with the game “Josh Journey: Darkness Totems,” a beat-’em-up title developed by Provincia Studio. Notably, this move aligns with Ultra’s commitment to creating a platform where users can legally resell digital games, offering developers a share of the resale price. Scheduled for launch on Wednesday, the feature will enable users to list Josh Journey for resale on Ultra’s secondary marketplace,

Immutable will use Transak as its exclusive payment service provider for the zero-knowledge Ethereum Virtual Machine (zkEVM).
3 months ago 1 min read

Web3 Gaming Platform Immutable Integrates Transak for Seamless Fiat and Web3 Payments

Immutable, a leading Web3 gaming company, will use Transak as its exclusive payment service provider for the zero-knowledge Ethereum Virtual Machine (zkEVM). This integration aims to simplify payments within gaming ecosystems by enabling users to conduct fiat and Web3-based transactions directly through Transak’s services. Transak’s services will be integrated into both the Immutable Checkout and the Immutable Passport as part of the integration. The Immutable Checkout provides a customizable interface for game developers, allowing them to seamlessly incorporate a variety of payment options. The Immutable Passport, on the other hand, is an all-in-one transaction infrastructure designed specifically for gaming environments.

Polkado has confirmed plans to replace Polkadot's Parachain auctions with a new system, likely named Polkadot V2.
4 months ago 1 min read

The new VP of Engineering at Parity Technologies confirms plans to replace Polkadot’s Parachain auctions

Pierre Aubert, the new VP of Engineering at Parity Technologies, has confirmed plans to replace Polkadot’s Parachain auctions with a new system, likely named Polkadot V2. The proposed Agile Coretime or Bulk Coretime aims to enhance the user experience and create a direct bridge to Ethereum, alongside a connection to Kusama. Over the next six months, Polkadot plans to introduce features to boost user experience and focus on developer improvements, including the Polkadot API to simplify dashboard creation. The Parachain auction model, embraced by projects like Moonbeam Network and Astar Network, encourages community participation and rewards with native tokens upon