Search Results for: gen two

Coinbase’s layer-2 network, Base, has surpassed Solana in total value locked (TVL), with a significant 97.21% surge. This increase is majorly driven by decentralized exchange Aerodrome Finance and decentralized social media app Friend.tech. With legislative changes and regulatory scrutiny in play, Base’s future prominence in the crypto world remains uncertain.

This article discusses speculation around Hal Finney’s involvement in creating Bitcoin, his use of zero-knowledge proof systems, and rumors of him being Satoshi Nakamoto. The mystery of Bitcoin’s creation and Finney’s role remains ambiguous and unsolved.

Alpha, a new decentralised social network protocol, is making its entry into the Bitcoin blockchain, enabling users to benefit from their digital profiles and content creation via social tokens. Unlike its rival, Friend.tech built on Ethereum, Alpha utilises Polygon blockchain for data preservation and Bitcoin for its scaling network, offering added scalability, security, and efficiency for launching decentralized applications. Amidst increasing interest, Alpha’s future looks promising, potentially transforming the rules in the blockchain universe.

“ssv.network has introduced a blockchain solution emphasizing on liquid staking, aiming for a higher level of decentralization. Given the centralization concerns around Ethereum’s staking mechanism where top exchanges and selected entities hold majority of staked ETH, SSV’s mainnet proposes an approach to mitigate these problems. This new system, facilitated by SSV smart contracts, encourages multiple operators’ involvement without needing external coordination.”

Ramp Network, a start-up providing payment infrastructure, adopted the Pix payment system of the Brazilian Central Bank fostering its penetration into South America. This integration not only increases accessibility to cryptocurrencies but also ignites market volatility concerns due to regulatory uncertainties.

Coinbase, a major cryptocurrency exchange, has confirmed plans to incorporate the Bitcoin Lightning Network (LN), aiming to solve Bitcoin’s scalability problems. This decision, which surprised some industry bigwigs, signifies a commitment to enhancing transaction speed and reducing fees for Bitcoin, the largest cryptocurrency. Moreover, concerns were raised about misleading metrics often used to gauge a cryptocurrency’s health.

“Artificial intelligence (AI) and cryptocurrencies come together in AI crypto tokens, fueling AI platforms supported by blockchain. Examples include SingularityNET’s AI marketplace, Ocean Protocol’s data trading service, and yPredict’s AI-driven crypto analysis ecosystem. These AI crypto projects represent the innovative intersection of two revolutionary technologies.”

“Manta Network has launched its zero-knowledge proof layer 2 scaling network, an innovative platform for ZK-enabled DApp development. This introduces increased throughput and reduced gas fees, promising future DApps realm expansion. However, challenges and regulatory issues, as highlighted by the Celsius incident, suggest the need for careful navigation in blockchain tech.”

Former PayPal President, David Marcus, who is also the CEO of Lightning Network Infrastructure firm, Lightspark, is transforming Bitcoin into a global payment network. He aims to adapt the Lightning Network into a unique protocol for online financial transfers, with the potential to change how currencies such as Dollars, Yen, or Euros move across the globe. However, technical complexities and development challenges exist within the Bitcoin Lightning Network.

“Saudi Arabia’s shift from an oil-dependent economy to investing in blockchain gaming and Web3 captures attention. This redraws its economic blueprint under its ambitious Vision 2030 plan. With gaming sector investments on the rise, the kingdom seeks to explore the new internet wave, potentially positioning it as a global gaming hub.”

“AI art pioneer, Pindar Van Arman, has generated recognition in the cryptosphere with his AI-created NFTs. Van Arman promotes the notion that, much like the recording or writing world, crypto artists should hold royalty rights, sparking controversy among collectors. His AI art, challenging traditional definitions of creativity, incites both scepticism and appreciation, whilst highlighting the potential applications of AI beyond the creative arts.”

An AI-generated song featuring a track of rapper, Drake, is vying for a Grammy nomination. The song, presented by a producer known as “Ghostwriter”, raises questions about the authenticity of AI-generated music and sparks a conversation about the challenges and opportunities of integrating AI in the music industry.

In its first significant mishap, Ethereum Layer 2 network, Base, experienced an outage halting new block production. Despite quick repair and recovery, concerns about the reliability of such newer networks have been raised. The future of blockchain may be promising, but these newer platforms must work on technical robustness and gaining users’ trust. Meanwhile, Genesis Global Trading announced the voluntary cessation of its spot trading services, reflecting the stiff competition and constant evolution in the crypto market.

“Chronicle, the second-largest oracle provider, is set to expand its services to other networks, thereby introducing more competition to the oracle landscape. The Chronicle Protocol aims to reduce gas fees by 60% envisioning higher platform utilization and maintaining uncompromised data integrity with data origin monitoring user dashboards.”

‘Residency by Adidas’ offers a new platform for web3-powered digital artists to innovate and create valuable connections within the Adidas community. This venture seeks to bridge physical and virtual worlds with collaborations and its introduction takes place at the Korean Blockchain Week with partnership by NFT Now.

Offchain Labs, creators of the Arbitrum blockchain, have developed a tool called Arbitrum Stylus to tap into the larger developer community. This tool facilitates easier working with popular languages like Rust, C++, and C without departing from the Ethereum Virtual Machine standard. It seeks to bring more developers towards the Ethereum ecosystem, leveraging languages more common than Solidity, the main Ethereum coding language. The ultimate deployment of Arbitrum Stylus rests with the Arbitrum DAO community.