Browsing:Blockchain News

EOS Network Ventures Funds $20M to Power Dapp and Gaming Development on EOS Blockchain
2 days ago 1 min read

EOS Network Ventures Commits $20M to Develop Dapps and Gaming Products on EOS Blockchain

EOS Network Ventures (ENV) has announced that it will invest $20 million directly into EOS EVM and GameFi projects. This investment is aimed at attracting developers and builders to the EOS blockchain, following the launch of the Ethereum Virtual Machine (EVM) in April. With the most funding available for builders, EOS EVM is set to receive a massive influx of developers who want to take advantage of the funding opportunities. ENV’s commitment is expected to accelerate the growth of EOS-based decentralized applications (dapps) and decentralized finance (DeFi) applications, and ultimately boost the value of eos token prices in the coming

Uniswap V3 is set to join Avalanche (AVAX)
3 days ago 1 min read

Avalanche Network to Integrate Uniswap V3: What It Means for TVL

Uniswap, one of the leading decentralized finance (DeFi) protocols, announced on 17 March that it would be deploying on Avalanche and adding support for AVAX. The deployment of Uniswap could have a significant impact on Avalanche in terms of transaction volume and Total Value Locked (TVL). According to some community members, the catalyst for the proposal to deploy Uniswap V3 on Avalanche was the expiration of the Business Source License (BSL) on 1 April, which will allow developers to fork the Uniswap V3. Voting on the proposal ended on 17 March, with 91.26% of the 26 million votes cast in

The HBAR Foundation
2 weeks ago 1 min read

The HBAR Foundation Reveals Network Irregularities Affecting Hedera dApps

The HBAR Foundation, the organization responsible for the Hedera blockchain, has recently reported that technical issues are affecting various decentralized applications (dApps) and their users. This has prompted Hashport, a bridge project, to temporarily pause its services due to smart contract irregularities on Hedera. Similarly, Pangolin, a decentralized exchange operating in the Hedera ecosystem, has also advised its users to withdraw their liquidity from the platform due to the same network irregularities. The HBAR Foundation has confirmed that it is actively working with affected partners and monitoring the situation to resolve the issue. However, SaucerSwap Labs, a DeFi project on

TSM and Avalanche Join Forces to Bring Gamers an Exciting New Subnet Experience
2 weeks ago 1 min read

Esports Giant TSM Joins Avalanche to Launch Game-Changing Gaming Subnet

Esports powerhouse TSM is not giving up on the crypto space despite its previous partnership with FTX ending in fallout late last year. TSM has recently announced a new partnership with blockchain Avalanche that will see the organization building their own Avalanche-based subnet, marking an exciting new chapter for TSM. TSM is partnering with Avalanche to create a competitive gaming partnership between the esports organization and their gaming platform subsidiary, Blitz. As one of the most legacy organizations in the game, TSM has been operating for over a decade in a relatively young landscape. The esports organization currently competes in

Uniswap Labs has announced the introduction of a new mobile wallet
2 weeks ago 1 min read

Uniswap Labs Introduces New Crypto Wallet But iOS Launch Halted by Apple

Uniswap Labs, the development team behind the popular cryptocurrency exchange Uniswap (UNI), has announced the introduction of a new mobile wallet. However, the launch of the wallet on Apple’s iOS platform has been halted, with the tech giant yet to approve it. In a statement, Uniswap Labs revealed that it has submitted its mobile app for iOS months ago and that it is 100% compliant with Apple’s specifications. Despite this, the launch of the wallet on iOS is currently “in limbo” as Apple has not given the green light. Uniswap Labs is now offering a limited early release of the

Aave and Polygon in Governance Talks for Aave's Deployment on Polygon's zkEVM Mainnet
3 weeks ago 1 min read

Aave Initiates Governance Talks to Launch on Upcoming Polygon zkEVM Mainnet

Decentralized lending protocol Aave is exploring the possibility of deploying an MVP version of Aave version 3 on Polygon’s upcoming zkEVM Layer 2 network. The main aim of the proposal is to establish a strategic Aave presence on the new network early on, after the mainnet beta goes live on March 27. To minimize risks, the proposal recommends onboarding only a limited number of assets and setting conservative risk parameters. It suggests onboarding only three collateral types, including wrapped ETH (WETH) and wrapped MATIC (WMATIC) tokens, as well as USDC stablecoin. Additionally, it proposes including only one borrowable asset, the

Introducing Polygon's Zero-Knowledge Identity Verification Tool
3 weeks ago 1 min read

Polygon Launches Zero-Knowledge Identity Verification System

Polygon, a blockchain company that specializes in scaling systems for Ethereum, has launched a new zero-knowledge (ZK) technology-based identification tool called Polygon ID. The company has created the tool to help users verify their identities and credentials without revealing sensitive information. Zero-knowledge technology is a form of cryptography that eliminates the need for users to provide personal information routinely to different online applications or websites. This development has been seen as a significant use case for blockchains for quite some time. Polygon ID’s design ensures that identity holders have claims stored in their wallets, while verifiable credentials are cryptographically signed

Solana Outage Spurs Network Upgrade Proposal to Improve Stability
3 weeks ago 1 min read

Solana Network Proposes Upgrades to Address Recent Outage

Solana, a popular blockchain network, is taking steps to improve its network reliability following a significant outage that occurred on February 25. This outage lasted close to 20 hours and was the first interruption of service to occur in 2022. However, the network has faced 11 major outages and 3 minor ones, leading to a reputation for poor network reliability. Anatoly Yakovenko, co-founder of Solana, stated that last week’s outage was related to the 1.14 network update, which was meant to bring speed and scale improvements. However, the rollout of the update triggered significant network degradation, and the cause is

Huawei Cloud and Polygon blockchain
3 weeks ago 1 min read

Huawei Joins Forces with Blockchain Innovators to Pioneer Web3 Ecosystem

Huawei Cloud, the cloud computing arm of the Chinese smartphone maker Huawei Technologies Co., Ltd., has announced its partnership with Polygon and other blockchain firms to form a Web3 and metaverse alliance. The announcement was made at the company’s Asia-Pacific partner summit held in Bali, Indonesia, last week. As part of the partnership, Huawei Cloud will integrate blockchain into its cloud services, with Polygon, Deepbrain Chain, Morpheus Labs, and Blockchain Solutions being its Web3 partners. The company also unveiled its cloud-based Web3 solutions at the summit. Since launching its blockchain services in 2018, Huawei Cloud has been exploring the potential

The CEO of Solana Labs has rejected claims that the Solana network’s recent outages
3 weeks ago 1 min read

Solana CEO refutes allegations of on-chain voting causing network outages

Anatoly Yakovenko, the CEO of Solana Labs, has rejected claims that the Solana network’s recent outages were caused by a large volume of validator messages and on-chain voting clogging up its consensus layer. While the Solana Foundation has yet to identify the root cause of the 20-hour network outage, Yakovenko took to Twitter to dismiss the theory that the decision to include on-chain votes as transactions was a “massive design flaw.” He stated that the single giant quorum contributed to an exceptional level of security, high throughput, and low fees. While not disputing that the majority of Solana transactions comprise

The Ethereum blockchain is inching closer to its highly anticipated Shanghai upgrade
3 weeks ago 1 min read

Shanghai Hard Fork Simulated Successfully on Second Ethereum Testnet

The Ethereum blockchain is inching closer to its highly anticipated Shanghai upgrade, thanks to the successful replication of withdrawals of staked ether (ETH) on the Sepolia test network. The upgrade will mark Ethereum’s complete transition to a fully functional proof-of-stake network, which will enable validators to withdraw rewards earned from adding or approving blocks to the blockchain. The test on Sepolia was designed to provide developers with another dress rehearsal of the withdrawals that will happen on the main Ethereum blockchain. Testnets copy a main blockchain and allow developers to test any changes to their applications in a low-stakes environment.

Alchemy blockchain
3 weeks ago 1 min read

Alchemy Unveils Revolutionary Dapp Builder to Empower Web3 Developers

Alchemy has unveiled its Create Web3 Dapp (CW3D) platform to help bring more people into decentralized technologies. According to Elan Halpern, Product Manager at Alchemy, the company’s mission is to bring blockchain, or Web3 to a billion people by empowering developers. For Halpern, the key to bringing Web3 to the masses is to get developers excited about creating the products that people will use. Launched in 2017, Alchemy is a blockchain software development company that builds applications across several chains, including Ethereum, Polygon, Arbitrum, and Optimism. In October 2021, the company raised $250 million in Series C funding, and in