Ripple to add smart contracts to XRP Ledger
The move aims to attract developers and expand XRP Ledger's capabilities, bringing new use cases to its ecosystem.
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The move aims to attract developers and expand XRP Ledger's capabilities, bringing new use cases to its ecosystem.
Ton Application Chain and Polygon Labs say the L2 integration will bring a range of new applications, including DeFi and GameFi, to users of the TON ecosystem.
Trons founder Justin Sun believes gas-free stablecoins could take corporate adoption of blockchain to a new level.
Block times can also be adjusted as desired. The root mainnet shard features an average block time of just two seconds.
In May, the partners launched the first yield-bearing BTC ETP in Scandinavia.
Quantum computers will be able to crack todays main cryptographic algorithms employed by the whole internet, including banking applications, email providers and social media platforms.
Venture Capital (VC) firm Paradigm is leading a substantial $225 million funding round for a new Layer 1 (L1) network, that aims to compete with the Ethereum (ETH) blockchain. Other notable participants include VC firms Electric Capital and Greenoaks. According to a recent Fortune Magazine report, Monad Labs, the company behind the blockchain project, aims to compete with established players such as Solana (SOL) and Ethereum and the Layer 1 blockchain protocol Sui (SUI). Monad’s Rebuilt Ethereum Blockchain Per the report, Monad’s initiative is to rebuild the Ethereum blockchain from the ground up, while retaining the ability to execute smart contracts. The project aims to achieve faster transaction speeds, handle higher volumes, and offer lower costs compared to existing networks. Notably, Monad ensures compatibility with Ethereum’s programming infrastructure, known as the Ethereum Virtual Machine (EVM). This compatibility allows developers to port applications built for Ethereum, ensuring a fluid transition to the new blockchain. Related Reading: Is Bitcoin Headed For A Crash? Analysts Cite Possible Downtrend Keone Hon, the founder of Monad, stated in an exclusive interview with Fortune that the company has dedicated approximately two years to developing its blockchain solution. Hon noted that Monad Labs stands out by fully supporting the EVM bytecode standard. Developers use this standard to create decentralized applications (dApps) on platforms such as Ethereum, Polygon, Avalanche, Binance Smart Chain, and Optimism. According to Avichal Garg, managing partner of Electric Capital, nearly 90% of developers working across various crypto ecosystems focus exclusively on EVM chains. This statistic, highlighted in a recent report by Electric Capital, demonstrates the significant appeal of EVM compatibility. Although Monad does not undergo a complete redesign of its programming language like some other blockchains, it still benefits from the widespread usage and familiarity of the EVM. Blockchain-Powered Exchanges? According to the report, Monad plans to launch its mainnet by the end of the year and expects to launch a testnet in the coming months. The company, which currently employs around 30 people, is also looking to launch a native token, although details of its launch alongside the mainnet have not been disclosed. While Keone Hon emphasized the pursuit of mainstream adoption, he pointed out that Monad’s initial use case is likely to be high-frequency trading activity, drawing on his own experience at Jump Trading, a data and research-driven trading firm. Hon emphasized the need for a highly performant blockchain to enable exchanges on the scale of Nasdaq or Chicago Mercantil Exchange (CME), which process millions to billions of transactions daily. Related Reading: Bitcoin To $150,000 Is Programmed With Halving Approaching: Analyst Lastly, Hon also highlighted the potential for a blockchain with high transaction capacity and low fees to enable various applications, such as gaming. He cited examples where blockchain-based games, such as RuneScape, require frequent updates of player statistics, necessitating low-cost and fast transactions on the blockchain. At the time of writing, ETH was trading at $3,497, down nearly 5% in the past 24 hours. Featured image from Shutterstock, chart from TradingView.com
Ethereum creator Vitalik Buterin proposes using RISC-V to replace the EVM, aiming for a major efficiency upgrade in block production and ZK-EVM performance. Heres what it means and how the community reacted.
Base, a new layer 2 application-focused protocol by Coinbase has just one criteria left to fulfil before being ready for mainnet launch. On June 29, the team said the Optimism-powered, Ethereum-secured network has been subject to six months of rigorous security audits — both internally and externally — its second-last criteria required for launch. “With [...]
The post Coinbase layer-2 network Base closes in on mainnet launch appeared first on Crypto Breaking News.
A former Ethereum developer, Hari, has voiced concerns over the networks development trajectory, citing an absence of a clear and unified vision. According to him, the Ethereum Virtual Machine (EVM) has faced repeated setbacks due to internal disagreements on proposed changes. He pointed out that during the last half decade, only one change, transient storage, […]
Despite being touted as the possible panacea, decentralized finance (defi) still faces obstacles which greatly diminish the prospects of mainstream adoption, asserts serial entrepreneur and CEO of Radix DLT, Piers Ridyard. Ridyard added that while defi is seen as “a fantastic proof of concept,” widespread adoption of this alternative to traditional finance is only possible [...]
The post ‘The Only Way to Truly Scale Blockchains Is to Parallelize Processing’ Says Piers Ridyard appeared first on Crypto Breaking News.
With fresh funding under its belt, Starknet will launch a new testnet zkEVM in August that allows developers to write in any EVM-compatible language on Starknet.
Hedera Hashgraph has confirmed a smart contract exploit on its mainnet, resulting in the theft of liquidity pool tokens from decentralized exchanges (DEXs) that use code derived from Uniswap v2 on Ethereum. The suspicious activity was detected when the attacker attempted to move the stolen tokens across the Hashport bridge, leading operators to temporarily pause the bridge. The exact amount of tokens stolen is unknown, and the Hedera team is working on a solution to remove the vulnerability. (Read More)
Hedera said the March 9 smart contract exploit has not impacted the network or its consensus layer.
StarkNet has prioritized scalability over composability and transparency. But it’s now working on making its tech open source.
The EVM-compatible XRP Ledger sidechain is set to undergo its second phase in early 2023 — which will make the chain permissionless and improve scalability.
The protocol launched its testnet in July 2021 and has since facilitated 1.5 million transactions.
The solution recently joined forces with Etherscan to provide blockchain statistics to its native developers.
A proposal to deploy the third version of lending protocol Aave has recently passed a “temperate check” with an overwhelming favorable majority. A "temperature check" proposal to deploy the decentralized exchange (DEX) Aave on the zkSync Era Mainnet has passed with overwhelming support from the Aave community. When voting closed on April 16, more than 99%
The post Aave’s proposal to launch on zkEVM passes ‘temperature check’ vote appeared first on BTC Ethereum Crypto Currency Blog.
All-in-one infrastructure solutions may be what is needed to drive the adoption of Web3, but such solutions might turn out to be complex and not as flexible, Rob Viglione, the co-founder and CEO at Horizen Labs, has argued. In addition, Viglione believes that such comprehensive infrastructure solutions “may not be as compatible with tools that [...]
The post Sidechains Can Provide ‘Scalability and Flexibility Needed for Real-World Applications’ — Horizen Labs CEO appeared first on Crypto Breaking News.
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