Ethereum-based VR platform Somnium Space has moved from scalability solution Loon Network to Matic to scale better. Ethereum-based virtual-reality (VR) platform Somnium Space has moved from scalability solution Loom Network to Matic to enhance scaling. On March 23, Somnium Space said that it hopes the transition will allow it to achieve scalability and provide a […]
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Blockchain-based social media startup Sapien unveiled a platform revamp and collaboration with Matic Network. Ethereum-based social network Sapien has unveiled updates to its platform, as well as a partnership with the initial exchange offering project, Matic Network. “After several months of development, we’re launching the next release of our platform, called Alpha Persei,” Sapien Network […]
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Recent studies have shown the Lightning Network is struggling, but are these teething problems or longer-term issues? For a currency to be considered useful as money, it has to serve three fundamental purposes. It should function as a medium of exchange, as a store of value and as a unit of account. The fact that […]
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Interlay received a grant from Web3 Foundation to develop a Bitcoin bridge on Polkadot that would allow wrapped versions of BTC to be exchanged on the network. Interoperability project Interlay has been selected to receive a Web3 Foundation grant to continue its work on Polkadot. The money will be used to develop a parachain on […]
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Huobi announced the launch of its open-source decentralized finance platform for public beta testing. Huobi, a major cryptocurrency exchange, announced the public testnet launch of its open-source decentralized finance (DeFi) blockchain, Huobi Chain, on Feb. 29. Its aim is to provide a regulator-friendly framework for financial services companies to deploy applications in a variety of […]
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Multi-currency and futures exchange BTSE to launch the first-ever native exchange token sale based on the Liquid Network in March 2020. As the adoption of Bitcoin (BTC) sidechains continues to grow, a major Bitcoin sidechain, the Liquid Network, will soon host a token sale. BTSE, a multi-currency digital asset and derivatives exchange, plans to launch […]
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Vitalik Buterin discloses the roadmap for ETH 2.0 to Cointelegraph, raises concerns for PoS systems and questions around the urgency for launch. Ethereum co-founder Vitalik Buterin discussed plans for Ethereum 2.0 during an exclusive interview with Cointelegraph on Feb.19 at the Stanford Blockchain Conference. Buterin explained that the major development for ETH 2.0 over the […]
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Industry experts tell Cointelegraph about the latest cryptography innovations and how they will influence the future of cryptocurrencies. Cryptocurrencies could not exist without cryptography. Advances in this field can have far-reaching impacts on blockchain technology and its potential. We will examine the opinions of industry experts on the latest cryptographic advances and their potential for […]
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Blockstack announced Proof of Transfer, a new consensus algorithm for blockchains that uses Bitcoins to secure a network directly, instead of electricity. Blockstack unveiled a novel consensus mechanism for piggyback blockchains called Proof of Transfer (PoX) on Feb. 6. Instead of relying on its own proof of work, miners under PoX commit Bitcoin (BTC), which […]
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Previously touted as the holy grail of Ethereum scalability, Plasma’s significant weaknesses appear to have made the developers quietly drop the technology. In a Jan. 27 post, Dragonfly Research proclaimed Plasma to be dead, noting that the Ethereum (ETH) community is converging on Optimistic Rollup, despite initial enthusiasm. The news comes in stark contrast to […]
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