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Crypto payments platform introduces a solution to scalability concerns with the help from co-inventor of blockchain
Since the release of the Bitcoin white paper exactly 13 years ago, blockchain technology has revolutionized several industries with multiple use cases, including facilitating money transfers, automated legal contracts, and providing traceability to the supply chain. And a blockchain project advised by the co-inventor of blockchain technology, Dr. Scott Stornetta, has decided to launch their mainnet on this very day. Jax.Network positions itself as an extension of the Bitcoin (BTC) network, fixing the scalability problem of the latter.
Through many years of research, the Jax.Network team believes they have found a solution to the Blockchain Scalability Trilemma. Jax.Network brings this to life as the first full-state sharded proof-of-work (PoW) network, introducing an approach for solving the scalability problem in blockchain networks like Bitcoin. The team believes they are well-positioned to achieve this goal due to the onboarding of Dr. Stornetta, one of the co-inventors of blockchain technology, as an advisor. Read More
Inside the blockchain developer’s mind: What is a testnet?
By familiarizing themselves with the nuances of testnets, blockchain developers can become better equipped to evaluate specific testnet releases.
Cointelegraph is following the development of an entirely new blockchain from inception to mainnet and beyond through its series, Inside the Blockchain Developer’s Mind. In previous parts, Andrew Levine of Koinos Group discussed some of the challenges the team has faced since identifying the key issues they intend to solve and outlined three of the “crises” that are holding back blockchain adoption: upgradeability, scalability, and governance. Read More
London's NFT Art Scene Thrives Even As Prestigious Frieze Fair Sits Out
Frieze Art Fair in London had a dearth of NFT art—but look beyond the big shows, and the British capital’s crypto art scene is buzzing.
Frieze Art Fair, one of London’s oldest and most prestigious art events, stumbled into the post-pandemic, post-Brexit world for its 2021 edition earlier this month.
Crammed in between two other major art fairs, Art Basel and Fiac Paris (all three were canceled last year due to the pandemic) from October 13-17, Frieze London was low on crowds compared to years past. Still, there was a palpable sense of optimism that in-person events would lure buyers with the promise of shiny in-season objets d'art. Read More
TRON Launches Cross-Chain Scaling Solution BitTorrent Chain
The leading public chain took to Twitter to announce the official launch of the BitTorrent Chain (BTTC) test network, a layer 2 cross-chain scaling solution compatible with TRON.
BTTC Goes Live - The BitTorrent Chain, which was co-developed by the core teams of BitTorrent and TRON, went live on October 30. The official Twitter handle of the TRON Foundation made the announcement,
“We are excited to announce that BitTorrent Chain (BTTC) is officially launched and the Testnet is live now! A new era of all-chains connection is coming, welcome every developer and the communities to join BTTC!” Read More
The First In The Social Media Marketing Niche
Markethive is building an epic entrepreneurial ecosystem, never seen before and transcendent to other social media and marketing platforms. The transformation is enhanced with our release of the first of many initiatives being the Wheel Of Fortune and the launch of The Boost to follow soon after.
With Markethive now running on its own servers, with the security of Blockchain and its Hivecoin about to be released as a native fungible multi-asset token on Cardano, we have arrived as the first mega decentralized social platform marketing network with the mission is to deliver a decentralized and autonomous environment to the masses, that is not subject to the oppressive technocracy.
Inspired by Binance’s rise in becoming more than a crypto exchange, Markethive goes far beyond by creating a robust ecosystem in the social media and marketing niches. It will deliver very unique aspects to the Markethive exchange by creating niches and exclusivities that no other platform or system has.
As stated by Founder and CEO of Markethive, Thomas Prendergast,
“The transformation has begun. We are releasing our first of many services as we move Markethive into being the most powerful marketing platform in existence, as well as the most powerful Social Network system as well as the most effective broadcasting platform ever built. The Wheel of Fortune is just one of the many major integrations of services coming that entrepreneurs and marketers need and will benefit from. We are building a powerful epic ecosystem never seen before.” Read More
How To Solve The Rising Cases Of Fraud And Counterfeit Documents?
Blockchain technology offers a solution to the rising cases of document fraud across the world through its immutable and decentralized features. The solution proposed does not suggest storing the actual paper document (or its image) on the blockchain - it would be expensive and inefficient - but rather, only storing the digital proof that a document is verified by a certain institution or government.
This helps to verify the legitimacy of the document and if anyone wants to prove it, they would simply verify it using the proof provided on the blockchain. In short, the blockchain will provide immutability of these proofs while storing the metadata needed to prove that a certificate, identification, passport, or any other document is actually legitimate. Read More
How to take full advantage of the benefits of DeFi and increase high-interest savings
Overcoming scalability and accessibility concerns with DeFi may start with an improved user experience.
Decentralized finance (DeFi) solutions have already proved they are better alternatives to traditional finance, arising from the need for an open, secure, and transparent financial system. With DeFi, users can take advantage of lower transaction rates, higher interest rates, or an opportunity to diversify investments. Therefore, there are few surprises regarding decentralized finance emerging as an alternative to today's financial system for these reasons. The bottom line is that while blockchain technology ensures the network's security, it is at the cost of users’ inconvenience. Read More
Huobi trials NFT marketplace to further GameFi and metaverse strategy
Huobi Group, the company operating one of the world’s largest cryptocurrency exchanges, is launching its own nonfungible token (NFT) marketplace, following in the steps of other major crypto exchanges.
Huobi has rolled out a trial for Huobi NFT, an NFT marketplace allowing users to buy and trade NFT artwork and collectibles in numerous sectors, such as games, art, animation, and music, Huobi Group announced on Monday.
According to the announcement, the launch marks a milestone in the extension of Huobi’s metaverse strategy, a concept combining multiple technologies such as virtual reality to bring a 3D virtual environment featuring activities like online gaming and others. Read More
Epic Games is “open” to blockchain games according to CEO
Video game publisher Epic Games has said it is “open” to games that feature blockchain technology or support cryptocurrency payments.
The company’s position follows Steam, its main competitor, announcing it would not be allowing games that use cryptocurrency or NFTs on its platform.
Whilst Epic’s CEO Tim Sweeney has said the company will not be supporting or publishing NFT-based games, it has differentiated itself from Steam in showing support for blockchain-based technology. 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.
