Posts

Showing posts with the label proof-of-stake

Beyond the Code: Cardano’s Vision for AI in a Decentralized World

Image
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...
Post a Comment
Read more

Stablecoin Issuer Tether Announces Launch of USDT on Aptos (APT) Network

The firm behind the largest US dollar-pegged stablecoin by market cap will soon be launching on another layer-1 blockchain. According to a new announcement from Tether, USDT will soon be available on Aptos (APT), a high-speed Ethereum (ETH) rival blockchain built for scalability. “Tether, the largest company in the digital assets industry, today announced that they will soon be launching U.S. dollar-pegged Tether tokens (‘USDT’) on the Aptos Network. This integration is part of Tether’s broader strategy to make digital currency more accessible and useful globally, capitalizing on Aptos’ advanced blockchain technology and exceptional speed and scalability… Recent data highlights significant ecosystem growth; average daily active users increased from 96K in January to 170K in July of 2024. Additionally, a record-breaking 157 million transactions were processed in a single day in May 2024.” Aptos utilizes a Proof-of-Stake (PoS) consensu...
Post a Comment
Read more

Binance Labs Announces New Investment in Solana (SOL) Staking Protocol

The venture capitalist branch of the world’s largest crypto exchange platform by volume is announcing a new investment into a Solana (SOL) staking protocol. In a new blog post, Binance Labs says it’s investing an unspecified amount into Solayer, a Solana-based staking network that has gathered over $150 million in Total Value Locked (TVL) and reeled in over 70,000 unique addresses in just 60 days after its launch. According to Binance, Solayer’s goal is to improve the bandwidth of on-chain decentralized applications (DApps) and to secure the blockchain. “Built natively on Solana, Solayer leverages the economic principles of proof-of-stake to extend the security of Solana’s base layer towards other decentralized systems and dApps… With the newly secured funds from Binance Labs, Solayer plans to scale its team, onboard new protocols into the ecosystem, and establish itself as a core primitive of the Solana blockchain. Additionally, the...
Post a Comment
Read more

zkEVM could be the endgame for blockchain infrastructure

Zero-knowledge virtual machines have the potential to revolutionize the portability of smart contracts, removing crypto’s last barrier to mass adoption. Very few projects have come close to matching the security and decentralization of the Ethereum network. However, the inherent overhead of maintaining these two critical features has left Ethereum burdened by low throughput and prohibitively high costs. As a result, alternative layer-1 blockchains (L1s) — which normally sacrifice security and decentralization to provide scale — have emerged to nip away at Ethereum’s market share. However, with Ethereum Virtual Machine (EVM)-equivalent scaling solutions bringing high throughput and low transaction fees to Ethereum itself, the question is: Do we really need these alternative L1 networks? Despite a rocky year for the industry, Ethereum is still as strong as ever The risks of sacrificing security and decentralization have been largely materialized with alternative L1s this year. These blo...
Post a Comment
Read more