Browsing:Blockchain News

Ulvetanna
1 year ago 1 min read

Ulvetanna, a ZK proof startup, raises $15 million in seed funding

Ulvetanna, a zero-knowledge-proof (ZKP) hardware firm, has closed a $15 million seed funding round led by Bain Capital Crypto and Paradigm. The round, which also saw participation from Jump Crypto, valued the startup at $55 million, according to Ulvetanna’s founder and CEO Radisav Cojbasic. The firm is building hardware to accelerate the process of generating ZKPs, a cryptographic method of authentication that proves specific information without revealing the content of said information. In the crypto space, this technology has been historically used in scaling solutions for blockchain networks, particularly Ethereum. Typically, proof generation can be expensive and computationally intensive using

Polkadot leads the way in cross-chain interoperability
1 year ago 1 min read

Polkadot expands cross-chain capabilities for enhanced collaboration

The XCM protocol also boasts improved performance of up to 10 times faster than its predecessor. This will allow users to execute transactions more quickly and securely. Additionally, the protocol allows for more complex logic to be applied to transactions, such as the ability to lock tokens to an address or only allow certain types of transactions. The introduction of XCM version 3 is the latest step in Polkadot’s push to create a decentralized platform that can support multiple blockchains and provide interoperability between them. The XCM protocol is a crucial part of this mission, as it allows for communication

Ripple Partner Recognized as official Money Transfer Company by Central Bank of Uruguay
1 year ago 1 min read

Ripple Partner Officially Recognized as Money Transfer Company by Central Bank of Uruguay

A document from the Central Bank of Uruguay is causing excitement in the XRP community. The document, which mentions Ripple seven times, is dated March 7, 2022, but was reportedly only recently published on the Central Bank of Uruguay’s website. The exact role of Ripple in the document is not yet clear, but it reveals that the Central Bank registered Ripple partner, LATAM SOFTWARE S.A.S., as a “money transfer company” and granted it the right to outsource services specifically to Ripple. According to the document, LATAM SOFTWARE S.A.S. provided all the necessary information and documentation for the registration, including contracts

A California-based cannabis nursery implements blockchain
1 year ago 1 min read

California Weed Company Implements Blockchain Technology to Monitor its Products

Mendocino Clone Company, a California-based cannabis nursery, is turning to blockchain technology to ensure the authenticity of its medicinal plants. The nursery has partnered with the EMTRI project and tech firm Global Compliance Applications to implement this new system. The cannabis industry has been known for its lack of transparency and regulation, but Mendocino Clone Company is taking steps to change that. Furthermore, the company will be using EMTRI’s blockchain capabilities to certify all of its clones, or baby plants, with a batch certificate. Each batch certificate is a self-generated smart contract that provides each baby plant with its own

Tiny Colony blockchain game.
1 year ago 1 min read

Tiny Colony Moving to ImmutableX from Solana

ImmutableX, a sidechain of the Ethereum network, is the new home for Tiny Colony. ImmutableX is a layer-2 scaling solution that enables developers to create games with low transaction costs and fast transaction speeds. It’s powered by a network of nodes, which validate transactions and secure the network. It also offers a built-in crypto wallet, allowing players to send and receive their in-game assets. The team at Tiny Colony says the move to ImmutableX will be a “major upgrade” to their game, offering players a better experience. They will also be able to pay for in-game assets in fiat currency.

Polygon Labs
1 year ago 1 min read

Polygon Proposes Hard Fork to Decrease Reorganizations and Gas Price Surges

Polygon Labs, the team behind the Polygon network, has announced plans to hard fork the network next week. According to a blog post on Polygon’s website, the hard fork, set to occur on January 17th, is proposed to help prevent network gas fee spikes and address chain reorganizations, also known as reorgs. Unlike soft forks, hard forks are not backwards-compatible and require all node operators on the network to update to the latest software at a specified time. Polygon, an Ethereum sidechain that operates on the proof-of-stake mechanism, sees dramatically lower gas fees than the Ethereum mainnet. However, it’s not

BlockFi
1 year ago 1 min read

BlockFi Execs Receive Raise Despite Company Equity Loss

BlockFi, a crypto lending platform, has seen some of its executive team members lose their equity stakes as part of its emergency restructuring plan last year. The plan included borrowing $400 million from collapsed crypto exchange FTX. As a result, senior management lost around $800 million in equity. BlockFi CEO and founder, Zac Prince, was the most affected, with a loss of $412 million. However, despite the losses, the firm approved a “retention program” by increasing salaries by up to 50% for top staff. The company stated that this was done “in the interest of retaining business critical knowledge and

Astar Network,
1 year ago 1 min read

Astar Network unveils XVM on public testnet

Astar Network, a smart contract platform for multichain, announced the launch of its Cross-Virtual Machine (XVM) on the public testnet Shibuya. Astar Network claims that the XVM allows for interoperability between different smart contract environments such as the Ethereum Virtual Machine (EVM) and WebAssembly (WASM). This allows for seamless communication between smart contracts, regardless of the language they are written in or the environment they are in. This is the first major product launch as part of Astar Network’s 2023 roadmap, and it is expected to open up new possibilities for cross-chain projects and experimentation with the XVM developer toolkit.

Solana
1 year ago 1 min read

Solana Foundation RPC shuts down unexpectedly

Due to a bug in the Solana Validator client’s test release 1.14, the Remote Procedure Call (RPC) endpoints used by crypto apps and wallets to access the Solana blockchain are temporarily offline. However, block production has not been affected, unlike previous outages which caused a freeze in block production for several hours. There are private RPC services such as Triton, QuickNode, and Alchemy that are still up and running and can be utilized. Austin Federa, the head of strategy and communications at the Solana Foundation, reported that the issue only applies to the RPC endpoints run by the Solana Foundation,

Mastercard and Polygon
1 year ago 1 min read

Mastercard and Polygon collaborate on Web3 artist accelerator program

At the 2021 Consumer Electronics Show in Las Vegas, Mastercard unveiled its Artist Accelerator program, which will utilize the Polygon blockchain to help emerging musicians, DJs, and producers expand their brands. The program will run until the end of the year and will culminate in a live-streamed artist showcase. Five selected participants will gain access to a variety of resources and tools to help them succeed in the digital economy. Additionally, Mastercard will be releasing a limited edition NFT, “The Mastercard Music Pass,” which will give holders access to exclusive music educational materials, unique resources, and other physical and digital

The Ton Foundation
1 year ago 1 min read

TON Foundation Introduces TON Storage, a Decentralized File Sharing Solution

The Ton Foundation has released TON Storage, a distributed file-sharing and data storage system modeled on the Torrent protocol but operating on the Ton blockchain. With TON Storage, users can securely store files of any size on the decentralized network and share them with other users with the aid of smart contracts. Through these contracts, node operators are provided with incentivization for hosting files for users and can even receive compensation for their services. As a rival to projects like Filecoin and Storj, TON Storage can be used by both individuals and services with a large following. Furthermore, the technology

Evmos adds convenience to Ethereum and Cosmos token swaps with new auto-conversion feature
1 year ago 1 min read

Evmos introduces automatic conversion feature for Ethereum and Cosmos token swaps

Evmos, a blockchain in the Cosmos ecosystem with native support for Ethereum applications and tokens, has introduced automated conversions for token swaps between the Cosmos and Ethereum ecosystems in its latest version 10.0 upgrade. The upgrade allows users to send native Cosmos tokens to Evmos, which will automatically be converted to Ethereum-compatible tokens for use on Evmos or other Ethereum-compatible blockchains. Similarly, users can transfer Ethereum-based tokens to other Cosmos blockchains from Evmos in a single transaction. The automated conversions will only apply to token pairings that have been associated through Evmos’ governance system and will not apply to tokens

About us

Optimisus is a Dubai-based fintech media company. We cover the latest AI, crypto, NFT, metaverse, blockchain, and Fintech news influencing the crypto industry.

Email: media@optimisus.com

Get Instant Notifications

Join over million readers and get the latest posts delivered straight to your inbox.

© copyright 2024 all rights reserved | Optimisus