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Polkadot network launches parachain functionality
Polkadot, a network protocol for connecting multiple blockchains, has launched its first five parachains, individual blockchain networks running in parallel to create an interoperable ecosystem.
The five parachains that went live this weekend – Acala, Astar, Clover, Moonbeam, and Parallel Finance – were chosen following successful crowdfunded auctions and focus on topics from decentralized finance (DeFi) to investments and loans.
In total, the five projects raised nearly 99 million DOT, worth around £1.81 billion, to lease their own parachain slot for 96 weeks.
Polkadot’s parachains had been in development for close to five years prior to this weekend’s launch. Referred to by Polkadot as the “final piece of core functionality” for the network’s multichain design, their launch fulfills Ethereum co-founder Gavin Wood’s vision when he launched the protocol. Read More
Opera to integrate with Polygon, opening DApp ecosystem to 80M users
Browser-crypto integrations have become a major theme as blockchain developers prioritize ease of use in onboarding new participants.
On Wednesday, Opera, an internet browser with Web 3.0 application support and a built-in crypto wallet, announced an upcoming integration with Polygon (MATIC). The integration, which is scheduled to go live in the first quarter of 2022, will first open Polygon's ecosystem to Opera's over 80 million users on the Android mobile, then to the rest on other devices and platforms. Polygon is a layer two Ethereum (ETH) scaling solution designed for lower gas fees and faster transaction times.
Through the integration, Opera users will be able to access Polygon decentralized applications, or DApps, such as Sushiswap, Curve, and Aave, as well as blockchain games and nonfungible tokens platforms such as Decentraland, OpenSea, and TheSandbox.
Jorgen Arnese, executive vice president of Opera Mobile, said the new integration will help "remove the biggest challenge that crypto enthusiasts" face — namely, high gas fees and slow transaction speeds. Read More
Peter Franchot: Opportunity Knocks with the Blockchain Industry
With multiple top-tier educational and medical institutions, Nobel prize-winning researchers working in federal labs, and a world-class cybersecurity community centered around Fort Meade, Maryland has many opportunities to become a top destination for young talent and cutting-edge businesses.
One particular area of innovation that deserves more attention and consideration is blockchain technology, which has the potential to save taxpayers money, promote efficiencies in government operations, and create thousands of jobs for Marylanders.
Many readers may associate blockchain technology with bitcoin, which has grabbed headlines in recent months due to dramatic swings in value. However, there’s far more to this dynamic $3 trillion dollar industry than one component.
Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack or cheat. Read More
Blockchain customization coming for the energy sector
Energy Web is looking to bring more flexibility for blockchain users in a partnership with Web3 software developer Parity Technologies.
The two parties have announced plans to launch the Energy Web Consortia Relay Chain connecting Energy Web with Parity Technologies’ Substrate blockchain-building framework and the broader Polkadot and Kusama parachain ecosystems.
Substrate is an open-source framework that enables the creation of specialized blockchains for any use case, which is a key feature for enterprises building solutions for the so-called Web3, such as decentralized apps (dapps) to run on a blockchain.
The new Consortia Relay Chain will leverage Substrate to enable energy sector users to run sovereign, customizable blockchains of their own or in partnership with other energy market participants. Read More
Wallet in final draft mode
Staking the Markethive Way
Staying One Step Ahead
Markethive started out as a sophisticated inbound marketing platform with a social media interface harvesting a robust collaborative culture. The entrepreneurs of the Markethive community have been using the free system and tools, promoting their businesses, and branding themselves across the internet with much success.
With the advent of Blockchain technologies, Markethive set its path on an unprecedented journey of combining marketing, social media, digital broadcasting, e-commerce, gamification, etc., with cryptocurrency and decentralized Blockchain, distributed ledger technology. An ongoing project of massive proportion to deliver sovereignty, financial and self, and freedom of self-expression for all equitably, without bias.
Markethive is a Vision from the Divine Source. Its mission is to fill the vacuum for the world's entrepreneurs - To empower and enrich the lives of every individual on every level across the globe. And the timing couldn’t be more perfect as we witness the soul-less destruction, tyranny, and surveillance of humanity gift wrapped and delivered to us as protection and for our own good.
We are building an ecosystem, and there’s an absolute need and use for our coin (HVC) for everything we do; therefore, the potential for the open market to accept and embrace HiveCoin is very promising. Read More
Terabethia cross-chain protocol bridges Internet Computer and Ethereum
The bridge allows users to transact Ethereum native assets at faster speeds with lower cost and store them directly on-chain.
On Wednesday, Psychedelic, a Web 3.0 development studio building solutions for the Internet Computer, launched Terabethia, a cross-chain contract communication and asset mirroring protocol. Beginning with the Internet Computer and Ethereum, users will have the ability to mirror and use any Ethereum tokens, fungible and non-fungible, on the Internet Computer blockchain and vice versa, effectively turning the Internet Computer into a layer-two scaling solution for Ethereum.
The protocol attempts to tackle the problem of Ethereum network congestion and high gas fees. The Internet Computer, meanwhile, uses a "reverse gas model" where developers supply the funds needed to run the applications or contracts that use their gas, known as "cycles."
When asked about the technological capacities of the Internet Computer network, Dominic Williams, founder and chief scientist of Internet Computer developer Dfinity, told Cointelegraph:
"The Internet Computer is pretty fast. For example, while Solana is the closest competitor in terms of speed, the IC is approximately 700% faster, boasting 250-millisecond reads and 2 second writes/updates. Read More
Binance introduces BNB Auto-Burn to replace quarterly burn protocol
Binance officially announced the implementation of a new Binance Coin (BNB) Auto-Burn protocol to replace its current quarterly burn mechanism.
In response to the requests of the BNB community, Binance changed its quarterly burning protocol for BNB tokens. According to Binance, this will provide more “transparency and predictability” to its community. With this, BNB will be burned automatically based on a formula consisting of on-chain data of total blocks generated and the average price of BNB.
At the moment, there are two burning mechanisms for BNB. One is the real-time burning of a percentage of gas fees on the Binance Smart Chain. The second is the quarterly burn based on Binance’s Accelerated Burn Program, which the BNB Auto-Burn mechanism would replace.
Since the launch of BNB, Binance has committed to burning 100 million BNB, which is half of the original total supply. When the total circulating supply of BNB goes below 100 million, the Auto-Burn will be discontinued. Read More
Fighting for Web 3.0: Digital wallet wars are the new browser wars
The same way the browser became the window into the early internet, digital wallets are becoming the interface for the decentralized internet, or Web 3.0.
Most people might not remember that websites once had icons that said, “This site has been optimized for Internet Explorer,” but, two decades ago, it wasn’t uncommon.
Just like today’s battle between Web 2.0 monopolies and Web 3.0 communities, at the beginning of the early consumer internet, there was a similar battle waged over who would own the portal to it: A closed-source global monopoly, or an open-source nonprofit.
A battle for the soul of the internet: Long before Web 3.0, the browser wars defined the early internet. Netscape Navigator was the first consumer browser in the market and the browser of choice for the first users of the web. For many, it was synonymous with the dawn of the internet. Read More
The Art Of Disruption: Meet Metabloxz, Where Art And Blockchain Collide
The developers behind Metabloxz recently announced they had reached the (MVP) minimum viable product stage of production. This means they have already created a working virtual space with built-in marketplace features in the pipeline, they’ll soon begin to host their first events. At present, Metabloxz is able to recreate virtually any existing gallery or exhibition. The team also claim the system can generate virtual exhibitions. Here artists will be able to show physical and virtual work to the digital avatars of collectors and enthusiasts and let them buy, sell, and auction their work. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
