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Vitalik Buterin discusses innovative methods to enhance Ethereum's transaction confirmation times, including single-slot finality and rollup preconfirmations. (Read More)
Proof of SQL drastically reduces SQL query times from 30 minutes to sub-second speeds, promising significant efficiency gains for real-time data processing applications.
The proposed ENSv2 aims to lower gas fees and improve transaction speed by moving out of Ethereum and transferring to a layer-2 network.
The finance data industry is undergoing a major transformation as high-speed oracles disrupt the traditional ways of obtaining financial information. With a market worth of $50 billion, the industry is ripe for innovation and efficiency improvements. Oracles, which serve as bridges between the real world and blockchain networks, are now offering faster, more reliable data [...]
The speed of trading execution is crucial in the cryptocurrency market. Redstone, a leading trading platform, is addressing the issue of latency by introducing a new Oracle system called MegaEth. This innovative solution aims to improve trading efficiency and reduce delays in processing transactions. In the fast-paced world of cryptocurrency trading, even milliseconds can make [...]
The post Optimizing Trade Speed: RedStone Introduces New MegaETH Oracle for Reduced Latency appeared first on Crypto Breaking News.
Dive into the latest on Qubetics, Hedera, and BNB. Discover what makes them stand out and why theyre the next big crypto to watch in 2025.
The post The Next Big Crypto to Watch: Qubetics, Hedera, and BNB Compared for 2025 appeared first on Kanalcoin.
Explore Qubetics, Solana, and MANTRAs latest advancements. Learn why these top crypto projects to invest in are shaping the blockchain industry in 2025.
The post Solanas Bull Run Continues, MANTRAs Staking Rewards Are RisingBut Is Qubetics the Real Sleeper Hit of 2025? | Top Crypto Projects to Invest In appeared first on Kanalcoin.
Thirteen years ago to the day, the enigmatic creator of Bitcoin, Satoshi Nakamoto, pronounced a quote that has since reverberated across various contexts. This prominent aphorism: “If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry,” was Nakamoto’s curt response to questions surrounding the potential solutions [...]
The post Decade-Old Wisdom: Unpacking Satoshi Nakamoto’s Definitive Quote on Bitcoin Transaction Challenges, 13 Years On appeared first on Crypto Breaking News.
The controversial Taro protocol is ready for testing. The initial version of the code is available on GitHub, and it enables “developers to mint, send, and receive assets on the bitcoin blockchain.” Notice that the company isn’t talking about the Lightning Network yet. In a blog post announcing the Taro launch, Lightning Labs promised, “once the on-chain functionality is complete, we’ll work towards integrating the Taro protocol into lnd, bringing Taro assets to the Lightning Network.” Related Reading: An Interview with Ben Caselin on AAX- Lightning Network Integration and TARO Protocol Implementation This is the first step of many and it’s mainly aimed at developers. According to Lightning Labs, “this initial release is only designed for testnet usage as a way for developers to start using the code.” That means, no real value is flowing through Taro at the moment. But… what is Taro anyway? The blog post defines it as a “Taproot-powered protocol for issuing assets that can be transferred over bitcoin and in the future, the Lightning Network for instant, high volume, low fee transactions.” Taro Will Enable Stablecoins To Travel Through Lightning This is a multifaceted protocol that allows many things, but the feature everyone is excited about is the fusion of stablecoins with the Lightning Network. It’s controversial because you have to trust the issuer of stablecoins, which means they come with counterparty risk. Bitcoin doesn’t have that problem. In any case, in the subsection titled “The First Step Towards Bitcoinizing the Dollar,” Lightning Labs tries to convince us that stablecoins over Lightning are a good idea: “With Taro and the incredible developer community, we can build a world where users have USD-denominated balances and BTC-denominated balances (or other assets) in the same wallet, trivially sending value across the Lightning Network just as they do today. This leap forward will accelerate the path to bringing bitcoin to billions.” If that sounds too much like Galoy’s stablesats, it’s because both implementations are trying to solve the same problem. They use vastly different methods, though. And place the counterparty risk in different places. BTC price chart for 09/29/2022 on Fx | Source: BTC/USD on TradingView.com How Does Taro Work And What Else Does It Do? Don’t worry, these brand-new protocols are hard to master, or even understand. Luckily for us, Lightning Labs gave us a technical-but-easy-to-follow explanation as a refresher: “Taro assets are embedded within existing bitcoin outputs, or UTXOs. Think of these assets as “UTXOs within a UTXO.” A developer mints a new Taro asset by making an on-chain transaction that commits to special metadata in a Tapoot output. When minting a new asset, the Taro daemon will generate the relevant witness data, assign the asset to a private key held by the minter, and broadcast the newly created bitcoin UTXO to the bitcoin network. This new outpoint becomes the genesis point of the newly minted asset, acting as its unique identifier.” When Lightning Speed first tackled the Taro subject, we explained what a Taro asset can be: “What is a “Taro asset”? Whatever you want, your BTC can be “converted into different assets such as USD to EUR or USD to BTC.” Or, as Bitrefil’s Sergej Kotliar puts it, “Pay in currency of sender’s choice, receive in currency of recipient’s choice. This means that every wallet can now have native Strike-type “USD balance” functionality for example. With no need to trust the wallet, the only trust lies in the issuer of the token.” How To Get Started With The Novel Protocol As previously stated, this Alpha release is mainly for developers. If you’re one or know of one, here are the protocol’s coordinates: “To get started exploring Taro, download the daemon, check out the API documentation, and read the getting started guide. And for a more extensive explanation on how Taro works, take a deep dive into the Taro BIPs and our documentation.” Related Reading: Lightning Speed: Taproot And The Lightning Network, A Match Made In Heaven Have a blast, developers. And please report back to us with your findings. Featured Image by Jennyrang from Pixabay | Charts by TradingView
Algorand (ALGO), a pure proof-of-stake (PoS) blockchain has tremendously improved its network performance and introduced more cross-chain functionality following a significant upgrade.
The press release sharing this latest Algorand news highlighted that the Layer1 network had introduced State Proofs to its mainnet protocol, a feature that helped bump network speed from 1,200 transactions per second (TPS) to 6,000.
Comparatively, this puts the PoS network’s TPS 2x higher than Visa’s 1,500 to 2,000 transactions per second. Algorand’s TPS is also way higher than Bitcoin and Ethereum, even as the latter readies for its transition from proof-of-work (PoW) via the Merge.
Unlocking Web3 applicationsApart from taking Algorand’s network transaction per second (TPS) to 5 times the previous level, the upgrade also enabled a trustless cross-chain communication environment for the ecosystem.
According to Algorand founder Silvio Micali, the release is another proof that “decentralisation does not need to come at the cost of performance or security.”
On the launch of cross-chain communication, he noted:
“Interoperability between blockchains is the future, and Algorand State Proofs are a critical security feature for communication between networks. We are extremely proud of this innovation and believe it will push the entire blockchain landscape forward.”
Also introduced with the latest upgrade are new tools the Algorand team says will streamline development, including around the capabilities of on-chain randomness for decentralised applications (dApps).
The upgrade basically improves the layer 1 blockchain and boosts its use across real-world Web3 projects, from DeFi, CBDCs and sports to music.
Algorand, which has not experienced any downtime since its launch, is also a major player in the NFTs space and payment solutions. The network’s scalability continues to see it attract a growing community of developers and users, and as Paul Riegle, the platform’s Chief Product Officer noted in a statement, this is yet another “major milestone on Algorand’s roadmap.”
Riegle added:
“From State Proofs, which are a game-changing blockchain interoperability security feature, to increased TPS, we are unlocking the tools required for Web3 applications to fulfil their vast potential.”
The post Algorand upgrade introduces trustless cross-chain communication and 5x speed appeared first on Invezz.
Have you heard about Taro? It’s an improvement proposal for the Lightning Network that Lightning Labs introduced in April. “Taro makes Bitcoin and Lightning multi-asset networks,” the company claims in the latest edition of their newsletter. They also explain in simple words what the protocol does, how it does it, and the implications of its implementation. “In a world of omnipresent communications connectivity, nobody says “cross-border messaging” anymore. Taro promises to do the same thing to “cross-border payments” by decentralizing the entire global FX market into a protocol that can run on a Raspberry Pi by anyone, anywhere.” Is the Lightning Labs exaggerating? Or is Taro the protocol that will bring the next billion people to the Lightning Network? “The opportunity provided by Taro bringing assets like stablecoins to the Lightning Network is clearly enormous,” the company claims. Can Lightning Labs back that case and argue it convincingly? Let’s find out. What Taro Does And How It Does It The first thing Lightning Labs makes clear is the psychology behind the improvement proposal. It almost seems like bitcoin’s Lightning Network will be serving Taro and not the other way around. “Instead of starting from scratch and bootstrapping a new ecosystem of nodes and liquidity, Taro will leverage the existing network effects of both the infrastructure that’s been built out over the last several years plus the 4000+ BTC allocated to the network today as a global routing currency.” How does it work, though? The “edge nodes” are the key. By “integrating with Taro,” normal Lightning nodes can now “process an instantaneous conversion from L-USD into BTC or vice versa, for a small fee.” That means that “every Taro transaction on the Lightning Network will be converted into BTC by the first hop, routed across the network as BTC, and then converted back into a Taro asset by the last hop before the destination” What is a “Taro asset”? Whatever you want, your BTC can be “converted into different assets such as USD to EUR or USD to BTC.” Or, as Bitrefil’s Sergej Kotliar puts it, “Pay in currency of sender’s choice, receive in currency of recipient’s choice. This means that every wallet can now have native Strike-type “USD balance” functionality for example. With no need to trust the wallet, the only trust lies in the issuer of the token.” The trust model is the main difference from Galoy’s Stablesats, another novel concept that looks for a similar result. BTC price chart for 08/13/2022 on Bitstamp | Source: BTC/USD on TradingView.com What Does Taro Mean For The Lightning Network? In a recent interview published by NewsBTC, AXX’s head of research and strategy Ben Caselin explained the protocol further “In Taro, smart contracts and asset transfers are not executed by the blockchain, and they are also not enforced by the blockchain. Instead, transfers are executed by the sender of an asset (who has to make a corresponding bitcoin transaction), and enforced by the recipient, same as the Lightning Network.” And in the previous Lightning Speed, we theorized about how big could this development be for the Lightning Network. “According to The Bitcoin Layer, “a global capital market operating on top of bitcoin-denominated financial rails is inching closer with each new onramp.” And the Taro protocol and all of the assets it would bring to The Lightning Network is the mother of all onramps.” Back to Lightning Lab’s newsletter, the company toyed with even bigger expectations. For example: “A community bank could issue a local stablecoin on Taro and it would only need a handful of nodes or liquidity providers to make a market between the local currency and the BTC core of the Lightning Network to be connected to a global community of buyers and sellers. No permissioning required!” They’ll Never See It Coming According to Lightning Labs, bitcoin “renders cross-border payments obsolete.” Stablecoins are a huge business and so are cross-border payments. In the intersection between them, Taro stands tall. “Visa’s 65% operating margin is one of the highest of all the companies in the S&P 500 index, and this margin is Lightning and Taro’s opportunity. They’ll never see it coming.” The company expects that the benefit for everyone working on the Lightining Network will be tremendous. “We expect that bringing Taro to market and making Lightning a multi-asset network will dramatically expand the Total Addressable Market for those building Lightning applications.” And you know what more users mean, more of those sweet-sweet fees.} Featured Image by Joseph Mucira from Pixabay | Charts by TradingView
Explaining the controversy around Bitcoin’s BIP 119 (CTV) proposal and debunking some myths that in part fueled it.
The history of Bitcoin upgrade activation mechanisms informs an opinion on how to make protocol changes in the future.
BIP119, which adds limited covenants to Bitcoin, is the current conversation and many people question if Speedy Trial for Taproot was a good precedent.
There’s a big hope that they will bring more of traditional gaming with satisfying gameplay into the money-centered world of crypto games.
Speed up a Bitcoin transaction - something most people will someday need following a transaction that just seems to be stuck on unconfirmed.
There's a few paid services out there that will accelerate or unfreeze a stuck Bitcoin transaction, or maybe you just want to speed up a bitcoin transaction because you're in a hurry. But today we're just focusing on the best free bitcoin transaction accelerators.
Bitcoin Transaction Accelerators are off-chain tools that can be used when you've sent a transaction and notice it lagging. The problem usually is that you didn't set the miner fees high enough, and they choose the most valuable transactions first. These tools will add some Staoshi's to hopefully attract some miners to process your transaction.
For all of these you'll need your transaction ID, all wallets and exchanges will show you this after you've hit send and it looks something like:
474339712a64f539ef77e962bc534d95373866ce074557ae24e098d69ceb8ec7
(May also be labeled 'TXID' for short)
Best free Bitcoin transaction accelerators:List Updated 3/24/2022
BitAccelerate
Free bitcoin accelerator that also promises to respect user privacy, stating "we do not collect data". Just don't use more than once every 6 hours or you may find yourself banned.
Go to: https://bitaccelerate.com/
Via BTC
This bitcoin transaction accelerator has both a free and paid version, they do 100 free ones per hour so there's a chance it will say the free service is unavailable. In that case, use one of the others listed.
Go to: https://www.viabtc.com/tools/txaccelerator/
BTC Nitro
A totally free site that "rebroadcasts your transaction through up to 30 Blockchain nodes" to speed up a bitcoin transaction...
Go to: https://btcnitro.com/
Cryptocurrency 360
One of the newer additions, unfreeze or speed up your transaction free..
Go to: https://cryptocurrency360.com/bitcoin-accelerator/
BitTools
A favorite for many people, reliable btc transaction accelerator.
Go to: https://bittools.net/bitcoin-transaction-accelerator
CyberHub
Newest to the list.
Go to: https://cyber-hub.pw/bitcoin_transaction_accelerator.php
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Author: Adam Lee
Asia News Desk
Speed Up Bitcoin Transactions
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KingSpeed – a blockchain-based car racing game has announced their newest event — Beta-Test Tournament with a total prize value
The post has appeared first on thenewscrypto.com
The Casper Network is a Layer-1 blockchain solution that overcame the Layer-1 Trilemma. Check out our “What Is Casper Network?” guide to learn more. Covered: What Is Casper Network? Features of Casper Network Partners & Team Tokenomics What Is Casper Network? Existing Layer-1 blockchain solutions struggle to accommodate global enterprise adoption without making substantial concessions […]
The post What Is Casper Network? appeared first on CryptosRus.
CryptoMotors seems like a hodgepodge of F-Zero from GameCube, Asphalt from iOS and Android, and Nintendo's Mario Kart, but on blockchain
CryptoMotors seems like a hodgepodge of F-Zero from GameCube, Asphalt from iOS and Android, and Nintendo's Mario Kart, but on blockchain
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