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Namechain: The Next Major Project from the Creators of Ethereum Name Service, Explained
ENS Labs will be launching its own layer-2 blockchain network, called Namechain by the end of 2025. The network is being built atop the Ethereum blockchain and will use scaling technology called zero-knowledge rollups to make transactions more cost and time efficient.
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What is Blockchain Sharding: Explained
Sharding is a technique that enables developers to enhance blockchain networks' speed and scalability. Through this process, transactional data is split across multiple shards, each capable of processing transactions and executing smart contracts. Each shard functions like an independent blockchain ecosystem, contributing to the overall efficiency ...
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Basel Committee Addresses Risks Around Permissionless Blockchains: Details
n an official blog post, the Basel Committee on Banking Supervision (BCBS) clarified that its concern isn't with blockchains being public but rather with the fact that these networks are permissionless. The distributed governance model of permissionless blockchains is a significant source of concern for banking systems, according to the BCBS paper.
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Magic Eden Launches Crypto Wallet with Cross-Chain Workability: Details
NFT marketplace Magic Eden has decided to launch a crypto wallet browser extension, that will be compatible with multiple blockchains. The aim of this wallet service is to eliminate the need for Magic Eden users to create different wallets compatible with different blockchains to store their assets in.
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Ethereum Foundation Researcher Alerts of Network Instability, Privacy Issues Post Shanghai Upgrade: Details
The IP addresses of ETH stakers are visible after the network upgrade to Shanghai was completed on Ethereum blockchain, raising privacy issues. Justin Drake, a researcher in the Ethereum Foundation has sounded an alert around the same. The researcher has predicted that solo ETH stakers could soon get special airdrops, which would probably not be di...
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Ethereum’s Shanghai Upgrade is Just Some Hours Away; Twitterati Cannot Keep Calm
Ethereum is set to complete its Shanghai upgrade on Wednesday, April 12. Following the completion of this upgrade, experts believe, the blockchain could suffer some glitches and instability.
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Ethereum's Shapella Upgrade to Unlock Around $33 Billion of Staked Ether
Investors are finally set to gain access to more than $33 billion of ether this week under a planned revamp of the blockchain. A new software upgrade to the Ethereum blockchain, dubbed Shapella, will let market players redeem their "staked ether" - coins they have deposited and locked up on the network over the past three years in return for intere...
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DeFi Platform Kokomo Finance Mysteriously Vanishes from Public Domain, $4 Million Rug Pull Suspected: Reports
DeFi platform Kokomo Finance has mysteriously disappeared from all social networking platforms, stirring fear and concerns among the crypto community members that had funds linked to the service. The platform was built on the Optimism Layer-2 blockchain built by Ethereum developers.
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SHIB Developers to Soon Floor Layer-2 Shibarium Network on Ethereum Mainnet: Details
In the coming days, the developers of the SHIB coin will release a Layer-2 Shiberium network on the Ethereum mainnet that supports the SHIB ecosystem as the mother blockchain. It is intended to increase the scalability of the main blockchain by being capable of supporting a wide array of customised dApps and protocols.
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Polkadot Encourages Community to Fight Scams for Bounty, Details Here
Polkadot has announced its plans of announcing a community-driven anti-scam initiative. The aim is to give its community members a say in the governance of the protocol, while also rewarding them in bounties paid in USD Coin for keeping the network scam-free. The project also relies on its community to protect its Discord servers against hack attac...
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Google Cloud Launches Its Own Node-Hosting Service: Here's What It Means for Web3 Developers
Google Cloud is launching its own node-hosting service for Web3 developers, the company announced. Dubbed as the “Blockchain Node Engine,” the service will allow developers to rely on Google Cloud to deploy a new node, ideally making the process easier, faster, and more secure.
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Ethereum Foundation Launches Pre-Shanghai Testnet Dubbed Shandong: Here's What You Need to Know
Ethereum core developers are now focusing their attention after 'The Merge' on the cryptocurrency’s next upgrade, called Shanghai, starting with the “Shandong” test network (testnet) launch.
-
Bitcoin Mining Surges to New Record, Profit Margins Decline as Ethereum Merge Frees Up Capacity
Bitcoin mining has hit a new record in the aftermath of the Ethereum Merge, the technical upgrade that replaced as many as one million powerful computers with Ether holders to validate transaction data encrypted by the network and reduce its carbon footprint by 99 percent. Meanwhile, mining difficulty, a measure of Bitcoin miners’ computing power...
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Tether Announces Launch on Polkadot to Improve Web3 Footprint
In a new company blog post, USDT issuer Tether says the top stablecoin is now available on the Polkadot blockchain as a means of increasing its presence in decentralised ecosystems. The launch would allow Tether to move in and out from the network. This means that USDT can now be minted in the Polkadot blockchain.
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Starbucks Ropes in Ethereum Scaling Solution Polygon to Launch Its NFT Rewards Program
Starbucks has announced to launch its official NFT Rewards loyalty program tagged “Starbucks Odyssey” on Polygon network later this year.
-
Namechain: The Next Major Project from the Creators of Ethereum Name Service, Explained
ENS Labs will be launching its own layer-2 blockchain network, called Namechain by the end of 2025. The network is being built atop the Ethereum blockchain and will use scaling technology called zero-knowledge rollups to make transactions more cost and time efficient.
-
What is Blockchain Sharding: Explained
Sharding is a technique that enables developers to enhance blockchain networks' speed and scalability. Through this process, transactional data is split across multiple shards, each capable of processing transactions and executing smart contracts. Each shard functions like an independent blockchain ecosystem, contributing to the overall efficiency ...
-
Basel Committee Addresses Risks Around Permissionless Blockchains: Details
n an official blog post, the Basel Committee on Banking Supervision (BCBS) clarified that its concern isn't with blockchains being public but rather with the fact that these networks are permissionless. The distributed governance model of permissionless blockchains is a significant source of concern for banking systems, according to the BCBS paper.
-
Magic Eden Launches Crypto Wallet with Cross-Chain Workability: Details
NFT marketplace Magic Eden has decided to launch a crypto wallet browser extension, that will be compatible with multiple blockchains. The aim of this wallet service is to eliminate the need for Magic Eden users to create different wallets compatible with different blockchains to store their assets in.
-
Ethereum Foundation Researcher Alerts of Network Instability, Privacy Issues Post Shanghai Upgrade: Details
The IP addresses of ETH stakers are visible after the network upgrade to Shanghai was completed on Ethereum blockchain, raising privacy issues. Justin Drake, a researcher in the Ethereum Foundation has sounded an alert around the same. The researcher has predicted that solo ETH stakers could soon get special airdrops, which would probably not be di...
-
Ethereum’s Shanghai Upgrade is Just Some Hours Away; Twitterati Cannot Keep Calm
Ethereum is set to complete its Shanghai upgrade on Wednesday, April 12. Following the completion of this upgrade, experts believe, the blockchain could suffer some glitches and instability.
-
Ethereum's Shapella Upgrade to Unlock Around $33 Billion of Staked Ether
Investors are finally set to gain access to more than $33 billion of ether this week under a planned revamp of the blockchain. A new software upgrade to the Ethereum blockchain, dubbed Shapella, will let market players redeem their "staked ether" - coins they have deposited and locked up on the network over the past three years in return for intere...
-
DeFi Platform Kokomo Finance Mysteriously Vanishes from Public Domain, $4 Million Rug Pull Suspected: Reports
DeFi platform Kokomo Finance has mysteriously disappeared from all social networking platforms, stirring fear and concerns among the crypto community members that had funds linked to the service. The platform was built on the Optimism Layer-2 blockchain built by Ethereum developers.
-
SHIB Developers to Soon Floor Layer-2 Shibarium Network on Ethereum Mainnet: Details
In the coming days, the developers of the SHIB coin will release a Layer-2 Shiberium network on the Ethereum mainnet that supports the SHIB ecosystem as the mother blockchain. It is intended to increase the scalability of the main blockchain by being capable of supporting a wide array of customised dApps and protocols.
-
Polkadot Encourages Community to Fight Scams for Bounty, Details Here
Polkadot has announced its plans of announcing a community-driven anti-scam initiative. The aim is to give its community members a say in the governance of the protocol, while also rewarding them in bounties paid in USD Coin for keeping the network scam-free. The project also relies on its community to protect its Discord servers against hack attac...
-
Google Cloud Launches Its Own Node-Hosting Service: Here's What It Means for Web3 Developers
Google Cloud is launching its own node-hosting service for Web3 developers, the company announced. Dubbed as the “Blockchain Node Engine,” the service will allow developers to rely on Google Cloud to deploy a new node, ideally making the process easier, faster, and more secure.
-
Ethereum Foundation Launches Pre-Shanghai Testnet Dubbed Shandong: Here's What You Need to Know
Ethereum core developers are now focusing their attention after 'The Merge' on the cryptocurrency’s next upgrade, called Shanghai, starting with the “Shandong” test network (testnet) launch.
-
Bitcoin Mining Surges to New Record, Profit Margins Decline as Ethereum Merge Frees Up Capacity
Bitcoin mining has hit a new record in the aftermath of the Ethereum Merge, the technical upgrade that replaced as many as one million powerful computers with Ether holders to validate transaction data encrypted by the network and reduce its carbon footprint by 99 percent. Meanwhile, mining difficulty, a measure of Bitcoin miners’ computing power...
-
Tether Announces Launch on Polkadot to Improve Web3 Footprint
In a new company blog post, USDT issuer Tether says the top stablecoin is now available on the Polkadot blockchain as a means of increasing its presence in decentralised ecosystems. The launch would allow Tether to move in and out from the network. This means that USDT can now be minted in the Polkadot blockchain.
-
Starbucks Ropes in Ethereum Scaling Solution Polygon to Launch Its NFT Rewards Program
Starbucks has announced to launch its official NFT Rewards loyalty program tagged “Starbucks Odyssey” on Polygon network later this year.
