“BNB Chain developers launched opBNB, a layer 2 protocol enhancing Ethereum’s functionality. The protocol successfully processed 4,000 transactions per second (TPS), significantly higher than Ethereum’s 17 TPS limit. Despite facing a competitive blockchain market, BNB Chain plans network activities and airdrop incentives to attract initial users to the robust, fledgling network.”
Search Results for: 4K Protocol
Unlocking Liquidity with Luxury: A Look at NFT-backed Loans in DeFi Sector
A decentralized finance borrower used a Non-fungible Token (NFT) backed by a luxury watch as collateral for a $35,000 loan. This innovative lending practice offers anonymity and access to global liquidity but adds an element of centralization. Critics question the necessity of NFTs in the process. This approach is forging a new pathway in the world of digital financing.
Tether’s Slight Depegging and AAVE’s Curve Freeze: Analyzing the Impact on Stablecoin Markets
Tether (USDT) experienced a slight depegging from its 1:1 ratio with the US dollar, coinciding with AAVE’s decision to freeze Curve (CRV) use as collateral for loans. This prompted whales and investors to capitalize on arbitrage opportunities, leading to Tether’s depegging at $0.996.
Exploring the Potential of Real World Assets: Pros, Cons, and Blockchain Integration Impact
Real World Assets (RWA) represent assets outside the blockchain, such as real estate or loans, offering stability and programmability. As interest in RWA-backed investments grows, blockchain token prices like Ethereum and Polygon could rise, potentially transforming the financial landscape.