Blockchain News - Optimisus

Tezos welcomes Google Cloud as a validator for enhanced blockchain security

1 year ago 1 min read

Tezos blockchain network adds Google Cloud as validator

The Tezos Foundation has announced a new partnership with Google Cloud to accelerate the development of Web3 applications on the Tezos blockchain. The deal involves Google Cloud serving as a validator on the Tezos network, allowing its corporate clients to deploy and develop Web3 applications on the Tezos blockchain with the help of Google’s cloud infrastructure. As part of the partnership, select startups incubated by Tezos will also be eligible for Google Cloud credits and mentorship. Google Cloud will bring the dependability and scalability of its infrastructure to power Web3 applications on Tezos, said James Tromans, engineering director of Web3

Upcoming Shanghai Upgrade for Ethereum to be Tested on Sepolia Testnet

1 year ago 1 min read

Ethereum Developers Set to Test Shanghai Upgrade on Sepolia Testnet on Febeuary 28

The Ethereum blockchain, one of the most popular decentralized networks, is set to undergo an upgrade known as the Shanghai-Capella upgrade, or Shapella for short. The core developers of the blockchain have scheduled the launch of the upgrade on the Sepolia test network for February 28 at epoch 56832, according to an official announcement. The upgrade is primarily aimed at enabling ether (ETH) withdrawals from network validators, a feature that wasn’t enabled during the network’s transition to proof-of-stake consensus, called The Merge. The upgrade combines changes to the execution layer (Shanghai) and the consensus layer (Capella). Shanghai will upgrade the

1 year ago 1 min read

Klaytn Foundation Announces New Tokenomics and Governance Models for KLAY

Klaytn Foundation is making changes to the governance and token model of KLAY, the native token of the Klaytn blockchain. In a statement to CoinDesk, the Foundation announced plans to transition the network to a permissionless validator structure, enabling the public to participate as block validators and introducing a communication channel for community members to participate in decision-making processes. These changes are expected to improve Klaytn’s technical capabilities, revenue sustainability, and decentralization aspects while increasing the value of KLAY over time. The Foundation will work with the Klaytn Governance Council to implement these changes and promote projects based on their

1 year ago 1 min read

Solana to Host Helium Foundation’s Migration on March 27th

Helium Network, the blockchain-based decentralized wireless network provider, has announced a proposed date for its migration to the Solana blockchain. According to the Helium Foundation, the migration is scheduled for March 27, although the date is still tentative. In preparation for the migration, Helium is constituting an Upgrade Readiness Working Group, comprised of community volunteers who will be responsible for monitoring the migration process and choosing the final date for the migration. The migration is expected to take 24 hours, during which time Helium’s entire chain state, including accounts, tokens, and hotspots, will be moved to Solana. By migrating to

Russia has passed a bill in its State Duma to legalize the use of blockchain

1 year ago 1 min read

Russian Parliament Advances Blockchain Bill to Second Stage

Russia has passed a bill in its State Duma to legalize the use of blockchain technology for financial marketplaces, allowing participants to combine their operations with blockchain platforms. The bill, numbered 221502-8, was submitted by members of the parliament in October 2022 and passed the first reading. The bill will now move to the committee stage before becoming law. The regulation will open the door for new business models based on the digital transformation of financial services. This move comes as Russia works on launching a national cryptocurrency exchange and developing a gold-backed stablecoin in collaboration with Iran, signaling its

Siemens, the German engineering and technology giant

1 year ago 1 min read

Siemens Embraces Blockchain with $64M Digital Bond Offering

Siemens, the German engineering and technology giant, has issued a digital bond worth 60 million euros ($64 million) on a public blockchain, becoming one of the first companies in Germany to do so. The bond has a maturity of one year and was sold directly to investors such as DekaBank, DZ Bank, and Union Investment, without the need for central clearing and paper-based global certificates. Siemens emphasized the benefits of using digital bonds over traditional bond-issuing methods in the announcement. By using blockchain, paper-based global certificates and central clearing can be eliminated, and the bond can be sold directly to

Abu Dhabi Hub71+ program is set to provide up to $2 billion in funding and resources

1 year ago 1 min read

Abu Dhabi Commits $2 Billion to Support Web3 Startups

In an effort to provide a supportive environment for Web3 and blockchain startups, the Hub71+ program is set to provide up to $2 billion in funding and resources, including access to capital and business networks. The initiative also promises to provide a range of support to startups, such as acceleration programs, mentorship, and access to corporate, government, and investment partners. In addition, startups that join the Hub71+ program will receive a range of benefits, including access to the FABRIC network, crypto exchanges, and service providers. Also, initiative will focus on the development of the Abu Dhabi startup ecosystem, providing funding,

Mainnet beta launch of Polygon's zkEVM Layer 2 slated for March

1 year ago 1 min read

Polygon’s zkEVM Layer 2 set for mainnet beta release in March

Polygon is set to launch its new Layer 2 scaling solution, zkEVM, on March 27 with the aim of expanding the scaling capabilities of the Ethereum network. This zero-knowledge or ZK-Rollup scaling solution is expected to perform off-chain computations on a secondary layer, prioritizing security and enabling faster and cheaper transactions. According to Polygon, its zkEVM is equivalent to Ethereum’s Virtual Machine, meaning that the network is expected to support the same code as Ethereum. This allows developers to onboard apps from Ethereum and use them on Polygon’s zkEVM network without making significant changes. Polygon has been working on the

1 year ago 1 min read

DeFi Protocol Clearpool to Launch Institutional-Grade DeFi Platform on Polygon Network

Clearpool, the decentralized finance (DeFi) protocol, has announced that its institutional credit platform, Prime, will be deployed exclusively on Ethereum scaling tool Polygon network. The CEO and co-founder of Clearpool, Rob Alcorn, stated that the company has a strong relationship with the Polygon team and will continue to work together to deliver institutional DeFi products. Clearpool Prime will act as an institutional-grade capital marketplace where borrowers can create credit pools and liquidity providers can invest to earn yield. The platform is set to begin operation in the first quarter of 2023 and is expected to cater to a wide range

China is set to establish the National Blockchain Technology Innovation Centre in Beijing, according to reports.

1 year ago 1 min read

Beijing to Establish National Center for Blockchain Technology Research

China is set to establish the National Blockchain Technology Innovation Centre in Beijing, according to reports. The center, which has received approval from the country’s Ministry of Science and Technology, will focus on research and development of blockchain technology. It will be led by the Beijing Academy of Blockchain and Edge Computing (BABEC), a research institution backed by the Beijing government and one of the developers of Chang’an Chain (ChainMaker) – China’s first domestically developed open-source blockchain platform. The new centre will focus on the research and industrialization of blockchain technology, including the development of fundamental theories, hardware and software,

1 year ago 1 min read

Cardano Unveils Ethereum-compatible Sidechain Prototype

Input Output Hong Kong (IOHK), the team behind smart contract platform Cardano (ADA), has launched a new sidechain proof of concept that is compatible with Ethereum (ETH). The public testnet uses components of the sidechain toolkit and is compatible with the Ethereum Virtual Machine (EVM). The aim of the project is to expand the Cardano blockchain’s utility. IOHK has not given a specific time frame for the testnet but has encouraged developers and validators to use both the toolkit and sidechain. Recently, crypto analytics platform Santiment found that whale activity on Cardano has been spiking, which previously led to a

1 year ago 1 min read

Venture Capital Firm Aptos Labs Invests in Web3 TikTok Alternative Chingari

Aptos Labs, a blockchain company, is making its move into web3 social media by investing in Chingari, a short video app. With five million daily active users and over 200 million videos watched daily, Chingari has established itself as a popular platform for users to upload and share short videos, similar to TikTok. As a result of the investment, Chingari will now be powered by the Aptos blockchain. The Aptos network offers speed, safety, and scalability, which will support Chingari’s growing number of users and its plans to onboard even more in the future. Chingari initially started as a web2