Browsing:Blockchain News

Phantom Wallet expands its capabilities with Ethereum and Polygon integration
1 year ago 1 min read

Phantom Wallet now supports Ethereum and Polygon

Self-custodial wallet Phantom has made a major announcement, revealing that its mobile app and browser wallets are now simultaneously supporting Ethereum and Polygon networks. This means that users can access a wide range of dApps across the Web3 landscape, including Uniswap, Magic Eden, Aave, OpenSea, and Blur. The popular Solana wallet first announced its support for rival blockchains Ethereum and Polygon in November last year, intending to offer the ability to interact with the three largest blockchains for digital collectibles in one location. Phantom CEO Brandon Millman stated that the company is committed to using its Solana ecosystem expertise to

Coinbase has announced that it will add Osmosis (OSMO)
1 year ago 1 min read

Cosmos-Based DeFi Protocol Gains Momentum on Coinbase Listing Speculations

Coinbase has announced that it will add Osmosis (OSMO), a Cosmos-based decentralized finance (DeFi) project, to its listing roadmap. This has given the OSMO token a price boost amid the ongoing market doldrums. Osmosis is an automated market maker (AMM) protocol built on the Cosmos software development kit (SDK) that enables cross-chain transactions using inter-blockchain communication (IBC). The project’s website explains that Osmosis allows users to launch liquidity pools with unique parameters and an adaptable incentive structure. OSMO’s native governance token was trading around $0.7325 before the Coinbase announcement and has since shot up to $0.8106 at the time of

Google Cloud and Polygon Labs have recently announced a multi-year strategic alliance
1 year ago 1 min read

Google Cloud and Polygon Partner to Enhance Scalability and Security

Google Cloud and Polygon Labs have recently announced a multi-year strategic alliance that includes support for Polygon in Google Cloud’s Blockchain Node Engine. The aim of this move is to simplify the deployment and management of Polygon nodes, making it easier for developers to build on the Polygon ecosystem and increasing its adoption. The Blockchain Node Engine, which already supports Ethereum, will also be integrated with Solana, as previously announced last November. According to a Google Cloud spokesperson, this move will help scale the technology quickly, ensuring that transactions remain fast and fees remain low, even as demand increases. With

Ripple Seeks Innovative Financial Projects in Open Call
1 year ago 2 mins read

Ripple Invites Web3 Developers to Create Financial Projects

The XRP Ledger Grants Program has announced its sixth wave, offering a golden opportunity for developers worldwide to create innovative financial projects on the XRP Ledger (XRPL). The program seeks projects that address financial inequities, streamline traditional financial processes, and provide new use cases for the XRPL. The deadline for applications is set for June 18, 2023. The Grants Program welcomes applications for various projects such as applications, services, tools, and middleware that tackle financial use cases like financial equity and inclusion, decentralized finance, data and indexing, payments, e-commerce, merchant tooling and integration, tokenization, decentralized compliance and security, interoperability, developer

Circle’s Cross-Chain Protocol Connects Ethereum and Avalanche Stablecoins
1 year ago 1 min read

Circle Launches Cross-Chain Stablecoin Transfers between Ethereum and Avalanche

Circle has released its Cross-Chain Transfer Protocol (CCTP) for Ethereum and Avalanche chains, making it possible for users to transfer their USD Coin stablecoin (USDC) between the two blockchain networks. The CCTP eliminates the need for traditional lock-and-mint approaches and allows developers to offer a secure experience to users for moving USDC natively across chains. Circle’s USDC is the second-largest stablecoin in the crypto market with a total supply of nearly $29 billion. The CCTP has already been integrated by bridge projects and interoperability-focused protocols such as Celer Network, Li.Fi, Layer Zero, Multichain, and Router Protocol, and will soon be

Stellar network
1 year ago 1 min read

Stellar Network Launches First-of-its-Kind US Mutual Fund on Public Blockchain

The Stellar blockchain has made a significant announcement about a massive adoption milestone. The first U.S.-registered fund to use public blockchain technology for processing transactions and recording share ownership is now available on the Stellar network. Franklin Templeton’s OnChain U.S. Government Money Fund (FOBXX) is now available on the network through the Benji Investments app. This news marks the first time a U.S.-registered mutual fund has leveraged public blockchain technology for transaction processing and shares ownership on the Stellar blockchain. According to a press release, the fund’s transfer agent maintains the official record of share ownership through a proprietary blockchain-integrated

Cosmose AI
1 year ago 1 min read

Cosmose AI’s Valuation Skyrockets to $500 Million Following NEAR Protocol Integration

Cosmose AI, an AI-based company focused mainly on retail shopping, has teamed up with NEAR Protocol, the Layer 1 blockchain, to make crypto payments more cost-efficient. The partnership includes undisclosed funding from NEAR Protocol, which enables Cosmose to have a $500 million valuation. Cosmose’s KaiKai app will use NEAR’s blockchain infrastructure to make online payments cheaper. KaiKai has its native stablecoin, Kai-Ching, equivalent to $0.01. Users can on-ramp fiat and then convert it to Kai-Ching to use it for payment purposes. According to Miron Mironiuk, the founder of Cosmose, KaiKai can reduce the cost of transactions by approximately 50 times

Post-Shapella Ethereum: A Look at the Upcoming Cancun-Deneb Upgrade.
1 year ago 1 min read

Beyond Shapella: Ethereum’s Cancun-Deneb Upgrade Nears Completion

Ethereum’s core developers met on Thursday to plan modifications to the blockchain’s consensus layer in preparation for the upcoming upgrade, Cancun-Deneb. This upgrade, expected later this year, aims to make Ethereum cheaper for users by implementing new changes across the platform’s two mainnet layers: the execution layer and the consensus layer. The Cancun-Deneb upgrade will introduce Ethereum Improvement Proposal (EIP) 4844, also known as “proto-danksharding.” This proposal seeks to augment Ethereum’s scalability beyond the current capabilities of Layer 2 solutions. EIP-4844 aims to bring temporary storage and retrieval of off-chain data by Ethereum nodes to address the data and storage

Cardano ecosystem
1 year ago 1 min read

Cardano ($ADA) Reports Impressive Growth: 1,227 Projects Being Built and 65 Million Transactions Processed

Input Output Global (IOG) has released the weekly development report for the week ending on Friday, April 21, 2023, showcasing the latest statistics on the Cardano ($ADA) network. The report highlights the progress of various teams working on core technology, wallets and services, smart contracts, scaling, and governance. Among the updates, the Adrestia team released an update for Cardano-wallet with new endpoints for shared wallets and performance improvements. The Marlowe team added integration tests for ApplyInputs and state pretty-print choices in the Marlowe Explorer prototype. The Hydra team worked on smoke test improvements and enhanced the API for voting use

Ethereum Implements New Measures to Tackle Miner Extractable Value (MEV)
1 year ago 2 mins read

Ethereum Implements New Measures to Reduce Miner Extracted Value

Ethereum Foundation researcher Justin Drake and bloXroute Labs CEO Uri Klarman recently appeared on Laura Shin’s podcast to discuss Maximum Extractable Value (MEV) and how it affects Ethereum users. In Ethereum’s new proof-of-stake (PoS) system, MEV is the result of sophisticated participants prioritizing and reordering transactions within new blocks, with validators using decentralized exchanges (DEX) to increase their earnings. Unlike Bitcoin mining pool operators, who are typically the only parties that select and order transactions within a block, there are many parties that select and order transactions within an Ethereum block. Ethereum users broadcast their transactions into Mempools, where they

Avalanche's Subnet Expansion Drives Spike in Daily Active Addresses
1 year ago 1 min read

Avalanche’s Daily Active Addresses Skyrocket After Subnet Expansion

April has been a remarkable month for Avalanche (AVAX). The network has witnessed notable growth in several areas, including a significant surge in daily active addresses since the beginning of the month. Avalanche’s daily active addresses remained below 45,000 from January to March. However, the network has experienced rapid expansion in the last three weeks, with daily active addresses exceeding 80,000. So, what’s the reason behind this tremendous expansion? Recent reports indicate that aggressive subnet deployment has led to the exponential growth of IP addresses, ultimately resulting in increased user engagement and the network’s utility. Avalanche’s subnets have particularly attracted

Uniswap V3 Embraces Polygon zkEVM to Offer Seamless and Cost-Effective Swaps
1 year ago 1 min read

Uniswap’s V3 to Launch on Polygon zkEVM

Uniswap, the top decentralized exchange (DEX) based on trade volume, has unanimously voted to deploy its V3 iteration on Polygon’s newly launched zkEVM Layer 2 network. This move is aimed at solidifying Uniswap’s position as the top DEX and thought leader. Competition among Layer 2s (L2s) is intensifying, with Matter Labs and Polygon both launching rollups powered by zero-knowledge proofs or zkEVMs. Although Polygon zkEVM has only attracted $3.9M in total value locked (TVL), Quickswap, the leading DEX on the Polygon PoS Chain, is the largest DeFi protocol on zkEVM. Furthermore, rival zkEVM, ZkSync Era from Matter Labs, has quickly

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