Blockchain News

Union’s new protocol promises seamless blockchain interoperability

May 20, 2024 2 mins read

Union’s permissionless technology promises seamless communication across major blockchain ecosystems. Since Bitcoin’s 2009 launch and the subsequent innovation boom, the web3 sector has encountered several obstacles. Blockchain programmers face scalability and interoperability difficulties in addition to regulators, user experience, and criminal actors. Industry development requires blockchain interoperability. The World Economic Forum’s 2020 whitepaper advised against platforms that impede future cooperation. Imagine using Gmail and not being able to email Yahoo;

Bitcoin developers explore DeFi to enhance programmability, aiming to match Ethereum

May 20, 2024 2 mins read

Bitcoin developers are investigating decentralized finance (DeFi) to make Bitcoin more programmable to compete with Ethereum. Recent advancements like Bitcoin Layer 2 networks, Runes, BRC-20 tokens, and software changes show Bitcoin might soon rival Ethereum’s versatility, propelling market growth. After the first US Bitcoin exchange-traded funds and the latest Bitcoin “halving,” the community is concentrating on Bitcoin’s future. Focus is now on DeFi’s ability to make Bitcoin more dynamic than

Optimism (OP) fixes major testnet flaws after a tip from rival Offchain Labs

April 28, 2024 1 min read

After Offchain Labs identified severe security vulnerabilities on its testnet a few weeks ago, Optimism (OP) promptly addressed and resolved them. The aforementioned flaws, which were discussed on April 25th, enabled attackers to modify the records of network activity and carry out intricate assaults. Offchain Labs notified Optimism on March 22 with two significant flaws with the OP Stack fraud-proof technology. Adversaries may have manipulated the chain history by introducing

Worldcoin (WLD) upgrades Orb technology and seeks new global tech and finance partnerships

April 26, 2024 1 min read

Worldcoin (WLD) is enhancing its verification mechanism and introducing additional Orb models in various colors as part of its worldwide expansion efforts. The project is using this technology to enhance its artificial intelligence capabilities and strengthen its position in the financial sector. Bloomberg has reported that Worldcoin, led by Sam Altman, is engaged in discussions with OpenAI and other prominent players in the business, but their names remain undisclosed. Tools

The Dencun upgrade, the biggest Ethereum update ever is now live on the Ethereum mainnet

March 13, 2024 1 min read

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

Ethereum announces Dencun upgrade is officially live on all testnets

February 29, 2024 1 min read

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

Cardano (ADA) introduces Plutus V3 engine, enhancing smart contract functionalities

February 28, 2024 1 min read

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,

Solana blockchain network suffers another outage, SOL price dropped

February 6, 2024 1 min read

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

Jupiter DEX on Solana hits $480 million in trades, beating Uniswap

January 29, 2024 1 min read

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

Solana Foundation Launches Token Extensions to Boost Advanced Functionality

January 25, 2024 1 min read

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

Uniswap Labs releases a new security feature known as Permit 2

January 19, 2024 2 mins read

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

Worldcoin launches Orb in Singapore for verification purposes

December 28, 2023 1 min read

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