Browsing:Blockchain News

The latest Cardano Node version
5 months ago 2 mins read

Cardano’s Mainnet Gets an Upgrade: Introducing the Latest Node Version

Cardano, one of the leading blockchain platforms, is urging stake pool operators (SPOs) to upgrade to the latest Node version, 8.1.1. This recent release aims to enhance operations on the platform by distributing computations throughout the entire epoch, instead of focusing solely on the epoch boundary. The primary goal is to create smoother transitions between epochs, resulting in a more seamless experience for Cardano users. The update also addresses issues related to peer-to-peer connections (P2P) and the domain name system (DNS), further optimizing Cardano’s mainnet efficiency. The latest Cardano Node version, 8.1.1, introduces significant enhancements that contribute to the platform’s

Blockchain security firm CertiK has received a $500000 bounty from Sui network
5 months ago 1 min read

CertiK Discovers Security Threat in Sui Blockchain, Receives $500K Bounty

Blockchain security company CertiK has been rewarded with a bounty of $500,000 by the Sui network for identifying a critical threat that could have disrupted the integrity of the entire layer-1 blockchain. Known as the “HamsterWheel” vulnerability, this attack differed from traditional methods and posed a serious risk to the network’s operations. In response to CertiK’s discovery, Sui promptly implemented necessary fixes to safeguard against potential damages. The bounty award underscores the importance of bug bounty programs in maintaining blockchain security. According to Kang Li, Chief Security Officer at CertiK, the HamsterWheel attack represents the evolving sophistication of threats faced

BNB Chain has introduced the opBNB testnet on Optimism's OP Stack
5 months ago 1 min read

BNB Chain Introduces Layer 2 Testnet Built on Optimism’s OP Stack

BNB Chain, a leading decentralized ecosystem for the creation of decentralized applications (dApps), has introduced the opBNB testnet. The testnet is built on Optimism’s OP Stack, a layer-2 scaling solution for Ethereum, and is designed to address network congestion and high fees on BNB Chain. The opBNB testnet is expected to achieve speeds of 4,000 transactions per second (tps) at a cost of 0.005 U.S. cents per transaction. This is significantly faster and cheaper than BNB Chain’s mainnet, which currently averages around 1,500 tps and costs around $0.05 per transaction. The opBNB testnet is a significant development for BNB Chain,

Binance Launchpool Adds Maverick Protocol (MAV) to Its Roster of Projects
6 months ago 1 min read

Binance Launchpool Welcomes Maverick Protocol (MAV) with Open Arms

Maverick Protocol, a composable decentralized exchange (DEX) that empowers liquidity providers with enhanced capital efficiency and customizable liquidity strategies, has launched on Binance Launchpool. The farming of MAV tokens has already begun, allowing users to stake their BNB or TUSD and earn MAV tokens in return. Maverick Protocol’s AMM (Automated Market Maker) offers four distinct modes of use: Mode Right, Mode Left, Mode Both, and Mode Static. Each mode is tailored to different market conditions, allowing liquidity positions to respond dynamically to price fluctuations. This advanced mechanism caters to professional traders and sophisticated users, offering them greater control and flexibility

Alchemy Harnesses AI for Blockchain Development
6 months ago 1 min read

Alchemy Unveils AI-Powered Tools Empowering Web3 Builders on Blockchain

Blockchain developer platform Alchemy has launched AlchemyAI, a suite of tools designed to harness the power of AI and assist web3 developers in speeding up their product development processes and accessing on-chain data more efficiently. The suite includes two flagship products, ChatWeb3 and Alchemy ChatGPT Plugin, which will be made available in the coming weeks. With the introduction of AlchemyAI, Alchemy joins a growing list of crypto companies exploring the application of large language models (LLMs) like ChatGPT within the blockchain space. This integration of AI technology aims to democratize web3 development by enabling non-technical individuals to participate more easily

Polygon's Network of ZK-based Layer 2 Chains Revealed
6 months ago 1 min read

Polygon Announces Plan for ZK-Based Layer 2 Chain Network

Polygon, a prominent blockchain platform, has revealed its ambitious plan for Polygon 2.0, a revolutionary network consisting of zero-knowledge-powered Layer 2 blockchains. This article explores Polygon’s strategic move to leverage ZK-Rollups, one of the leading Ethereum scaling solutions, to build interconnected Layer 2 chains that enable secure and instantaneous cross-chain interactions. With the goal of establishing the “Value Layer of the Internet,” Polygon aims to overcome scalability challenges while ensuring liquidity, security, and capital efficiency. Polygon’s Existing Framework and Expansion Polygon currently operates Polygon POS, a proof-of-stake sidechain network that works alongside Ethereum and hosts popular decentralized applications like Uniswap

Decentralized blockchain Ankr has announced the launch of its blockchain creator tool, known as AppChains
6 months ago 1 min read

Ankr and Microsoft Extend Partnership with Debut of Blockchain Creator Tool

Decentralized blockchain infrastructure provider Ankr has announced the launch of its enterprise blockchain creator tool, known as “AppChains,” on Microsoft’s Azure Marketplace. The tool enables companies to quickly deploy customizable blockchains to support various Web3 strategies. Initially, developers can utilize the Polygon Supernet, with more options to be added in the future. The release of AppChains on the Azure Marketplace comes in response to strong demand from institutional clients seeking to leverage blockchain technology in areas like banking, central bank digital currencies, and gaming AppChains, Ankr’s blockchain creator tool, has been in use for a year, primarily for launching application-specific

USDC Stablecoin Integrated with Arbitrum
6 months ago 1 min read

USDC Launches on Arbitrum, Expanding the Reach of the Stablecoin

Circle, the company behind USDC, has brought its native stablecoin to Arbitrum, Ethereum’s leading layer 2 scaling solution. This development makes Arbitrum the ninth blockchain to support USDC, according to an official announcement from Circle. The integration of USDC on Arbitrum allows businesses leveraging Circle to conveniently swap USDC tokens across supported chains, eliminating the expenses and time delays often associated with bridging transactions. This functionality opens up new possibilities for seamless and efficient token transfers. In light of a recent bug in Arbitrum’s Sequencer software that temporarily halted on-chain transaction verification, Circle’s introduction of USDC on the Arbitrum network

6 months ago 1 min read

Arbitrum Expands Reach to Norway with NOK Token Integration

Arbitrum, a leading Layer 2 scaling solution for Ethereum, has announced the integration of Norway’s digital currency, NOK. The integration will allow users to transact in NOK on Arbitrum, and it is the first time that a national currency has been integrated with a Layer 2 scaling solution. The integration was made possible by Symfoni Solutions, a company that specializes in building bridges between government services and decentralized finance (DeFi) applications. Symfoni developed a bridge that connects the Norwegian central bank’s digital currency platform with Arbitrum. The integration of NOK on Arbitrum is a significant development for the DeFi ecosystem.

The bridge allows users to transfer their Tron (TRX) tokens from the TRON blockchain to the Ethereum blockchain.
6 months ago 1 min read

TRON (TRX) Expands to Ethereum with BitTorrent Bridge

TRON (TRX), the native token of the TRON blockchain, has expanded to Ethereum via the BitTorrent Bridge. The bridge allows users to transfer their TRX tokens from the TRON blockchain to the Ethereum blockchain. This will allow TRX users to access Ethereum decentralized applications (Dapps) and decentralized finance (DeFi) platforms. The BitTorrent Bridge is a decentralized bridge that uses smart contracts to facilitate the transfer of tokens between the TRON and Ethereum blockchains. The bridge is open-source and anyone can participate in its development. The launch of the BitTorrent Bridge is a major milestone for TRON. It will allow TRX

Circle (USDC) has announced that it will natively deploy USDC on Arbitrum
6 months ago 2 mins read

Circle’s USDC Stablecoin to Launch on Arbitrum

Circle, the issuer of the second-largest stablecoin USDC, has announced that it will natively deploy USDC on Arbitrum, the largest Ethereum Layer-2 scaling project. The move is a major step for USDC, as it will make the stablecoin more accessible to users who are looking to avoid the high gas fees associated with Ethereum. Arbitrum is a popular Layer-2 scaling solution that uses optimistic rollups to achieve scalability. Optimistic rollups allow for faster and cheaper transactions on Ethereum by batching transactions off-chain and then submitting them to the Ethereum mainnet for verification. The deployment of USDC on Arbitrum will make

Polygon (MATIC) has announced partnership with Deutsche Telekom
6 months ago 1 min read

Polygon Partners With Deutsche Telekom To Boost Blockchain Adoption

Polygon, a leading Ethereum scaling solution, has announced that Deutsche Telekom, Europe’s largest telecommunications provider, will join its PoS Chain as a validator. The partnership will see Deutsche Telekom provide staking and validation services for Polygon’s PoS Chain, as well as for its Supernets platform. Supernets allow enterprises and applications to launch application-specific blockchains on Layer 3 while retaining the security guarantees of Ethereum. The addition of Deutsche Telekom to Polygon’s validator network is a major coup for the project. Deutsche Telekom is a well-respected company with a deep understanding of the telecommunications industry. Its participation in the Polygon network