Ethereum 2.0 will lose the first-mover advantage its first iteration had. How does it stack up against the extensive competition in 2020? After several years in development, Ethereum 2.0 is now more tantalizingly close than ever before. Despite a shaky start with the Medalla testnet, it seems that development is still on track. Prysmatic Labs […]
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Smart contracts on Ethereum will be able to directly interact with Polkadot. A new project building on Polkadot wants to create a comprehensive bridge with Ethereum that would eventually relay direct smart contract instructions. The bridge is being developed by Snowfork, a software development company. The initial implementation is fairly straightforward, only allowing Ether (ETH) […]
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As the world becomes more and more digital, the solution to the question of ownership is already here in the form of NFTs. In early July 2020, the total sales of nonfungible tokens, or NFT, hit $100 million. And that is just the start. As the DeFi market reached $4 billion in locked value and […]
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Polkadot is releasing a testnet specifically designed for its sharding implementation. The Polkadot (DOT) project launched a testnet to evaluate its planned sharding implementation based on parachains. The key component that separates shards from being just many independent blockchains is communication. Shards need to be able to communicate with their peers to enable cross-shard token […]
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EOS has long been the most legitimate competitor to Ethereum, so what does the upcoming ETH 2.0 implementation hold? When the EOS network launched in 2018, it looked to be one of the biggest contenders to Ethereum (ETH) — not just in terms of providing a scalable development platform for decentralized apps, or DApps, but […]
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While both PoW and PoS have a lot to offer, this year, in particular, is promising to be a special one for proof-of-stake. Proof-of-work and proof-of-stake have a lot of benefits to offer the community, and the discussion around these algorithms has dominated conversations in the cryptocurrency community. The use of staking will become more […]
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MyEtherWallet’s founder believes ETH 2.0’s beacon chain will launch this year but says the ‘full reality’ is still some way off. Kosala Hemachandra, the founder of MyEtherWallet (MEW), has told Cointelegraph the fully-fledged version of ETH 2.0 is still years away. The first phase of the Ethereum 2.0 upgrade was originally set for Jan 2020 […]
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Polkadot and Ethereum have an intertwined history, but how does the newly launched Polkadot stack up against the plans for Ethereum 2.0? After Ethereum co-founder Gavin Wood left the Ethereum Foundation in 2016, he wrote a white paper for a new kind of blockchain — one that would use an innovative form of sharding and […]
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Self-healing blockchains are the only way to create a truly decentralized world within the decade. The world is eagerly waiting for a next-generation, high-performance, permissionless blockchain, and this blockchain should be able to industrially scale all decentralized applications. So far, the crypto community has witnessed: Peer-to-peer blockchain networks that use all the peers to validate […]
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It’s no secret that cryptocurrency has a scaling issue, so we look at various ways either proof-of-work or proof-of-stake could be effective. Most people in the cryptocurrency world are aware that network validation often comes in one of two forms: proof-of-work or proof-of-stake. There are others, but these systems are common and power many of […]
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