Blockchain News

LCA announces the launch of Propeller, the first dApp built on the open-source communications protocol

June 27, 2024 1 min read

LCA has launched Propeller, the first decentralized application (dApp) built on the open-source communications protocol, River. Propeller aims to improve product feedback and user engagement by facilitating dynamic conversations between users and product teams. The platform is designed to empower communities with enhanced privacy, security, reputation, and ownership. It allows users to interact directly with team members, share ideas, and engage with other power users while being rewarded for their

Solana launches ZK compression, a new feature that drastically cuts costs

June 24, 2024 2 mins read

Solana (SOL) has implemented zero-knowledge (ZK) compression, a tool created by Light Protocol and Helius Lab, to assist developers in reducing expenses associated with token and account creation by compressing their on-chain state. The compression employs zero-knowledge proofs to guarantee the integrity of the data and enables data retrieval using supported RPC providers. Developers can reduce on-chain storage costs by storing just state roots on the blockchain and keeping additional

iRA Blocks to Democratize Real-World Asset Investment

June 24, 2024 2 mins read

iRA Blocks is a platform that utilizes blockchain technology to democratize access to valuable assets such as real estate, luxury items, and aviation. This strategy divides large assets into smaller, cost-effective parts, enabling a wider spectrum of investors to take part. The platform use smart contracts to automate the administration of assets, including the distribution of dividends and voting rights. This guarantees that fractional owners have the ability to participate

1inch teams up with Blockaid to enhance Web3 security

June 23, 2024 1 min read

1inch, a leading DeFi aggregator, has launched the 1inch Shield, a solution designed to protect users against various potential threats. The partnership with Blockaid, a major provider of Web3 security tools, aims to set a new standard for security in the cryptocurrency landscape by combining Blockaid’s innovative security solutions with 1inch’s advanced features. The collaboration aims to enhance user safety and asset protection, contributing to the growth and mainstream adoption

Aleph Zero Launches The First EVM-Compatible ZK-Privacy Layer

June 21, 2024 1 min read

Aleph Zero has announced significant ecosystem advancements, including the first EVM-compatible ZK-Privacy Layer capable of generating zero-knowledge proofs on consumer-grade devices and zkOS, a product suite for seamless integration of on-chain privacy into various Web3 applications. The testnet release of the ZK-privacy EVM Layer 2 solution powered by Arbitrum Orbit on Gelato RaaS marks the first EVM-compatible privacy solution capable of subsecond ZK proving times, significantly enhancing the end-user experience

Cardano hits milestones with robust growth and partnerships

June 21, 2024 1 min read

Cardano (ADA), a prominent crypto, is witnessing substantial proliferation in acceptance, as its pioneering methodology in blockchain technology is enticing a multitude of initiatives and collaborations. The platform utilizes the Ouroboros proof-of-stake consensus mechanism, which efficiently and securely processes more than 1,000 transactions per second (TPS). The Cardano subreddit has a substantial community support, boasting a membership of over 500,000 individuals. Cardano’s strategic alliances with organizations such as the Ethiopian

Polkadot (DOT) approves a $65 million fund for developing the JAM architecture

June 18, 2024 1 min read

Polkadot has allocated a $65 million fund for the development of the Join-Accumulate Machine (JAM) architecture, with the goal of enhancing blockchain scalability and flexibility. The fund, comprising a reward pool of 10 million DOT tokens, aims to improve data management and network interoperability inside the DOT network. JAM tackles performance challenges arising from sharding, a process that decreases coherency and poses difficulties in constructing metasystems across particular chains. The

Ripple launches a $640 million XRPL fund to boost blockchain innovation in Japan and South Korea

June 12, 2024 2 mins read

One of the most prominent blockchain companies, Ripple, has initiated the XRPL Japan and Korea Fund with the intention of fostering blockchain innovation in the countries of Japan and South Korea. As part of Ripple’s bigger intention to contribute one billion XRP to encourage blockchain developers, the fund will provide support for corporate partnerships, awards for developers, investments in startups, and community growth. Ripple’s CEO Brad Garlinghouse has expressed concern

US Navy PARANOID ensures software security by using blockchain to validate files across nodes

June 3, 2024 1 min read

The US Navy seeks business partners for a joint research and development agreement to further its “PARANOID” blockchain technology. PARANOID (Powerful Authentication Regime Applicable to Naval Operational Flight Program Integrated Development) protects software against hackers during development and deployment using blockchain. The Naval Air Warfare Center’s Aircraft Division (NAWCAD) in Lakehurst, New Jersey, designed PARANOID to secure U.S. Navy avionics software, but they soon realized it could be used for

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