x
Image Source: Pixabay
Ethereum killers or just pretenders? But Ether remains king for now
The issue of high gas fees rears its head up for the Ethereum community yet again as “Ethereum killer” networks continue to gain more attention.
The term “Ethereum killer” is beginning to pick up the pace once again in the cryptocurrency markets as the native tokens of several competing blockchain networks are posting significant gains during September. For any alternative network to be considered as a part of this category, it needs to have one essential feature that serves as the backbone of the Ethereum network: smart contracts.
Keeping this in mind, the most prominent blockchain networks by market capitalization that usually come under this purview are Cardano (ADA), Solana (SOL), Binance Smart Chain (BSC), Polkadot (DOT), and Terra(LUNA). The native tokens of these networks have been on an absolute tear this year. Most recently, Solana (SOL) has been in the spotlight after the bulls carrying its rally continued even in the face of a marketwide selloff on Sept. 8 that brought Bitcoin back below the $50,000 mark. Read More
Ripple Has No Plans to Settle With SEC Over XRP, Confident Gensler Will Drop the Lawsuit
Amid the ongoing lawsuit with the U.S. Securities and Exchange Commission (SEC), Ripple’s legal team reportedly said that they have no plans to settle with the securities watchdog. They are confident that SEC Chairman Gary Gensler will be convinced that pursuing the case is picking winners and losers in the crypto business to the detriment of innovation. Read More
Indians opt for state-run blockchain platform amid bulk SMS regulations
India’s SMS regulation requires businesses to comply with pre-registered messaging templates to counter spam and fraud.
India’s state-owned telecom Bharat Sanchar Nigam Limited (BSNL) has registered 7,477 businesses on its blockchain-based communication platform after authorities imposed new regulations to protect consumers from spam and fraud.
The Telecom Regulatory Authority of India (TRAI) established messaging regulations that require scrubbing consumer communication messages to ensure that the receiver of the message has opted in for such interactions. The drive is supported by BSNL DLT, a content verification platform built on ledger-based blockchain protocols. Read More
Thai SEC issues license to Ethereum-based real estate project
The firm uses the Ethereum blockchain to allow traders to invest as little as $150 in expensive real estate properties.
The Securities Exchange and Commission of Thailand has a license to an asset-backed token offering service based on the Ethereum blockchain.
Fraction, a wholly-owned subsidiary of the Hong Kong-based fintech firm Fraction Group, has received a license allowing it to list and trade tokens for fractional ownership of physical or digital assets, the firm announced Thursday.
The license was granted through the Thai SEC’s official portal for initial coin offering established back in 2018. The license lays out the foundation for Fraction’s upcoming service for asset digitization and fractionalization, referred to as an initial fraction offering (IFO). Read More
Decentralization Empowering People
We live in an increasingly interconnected world with 4.66 billion people connected via the internet. We pay each other, share data, and communicate with each other within seconds. This is all seemingly wonderful, but the truth is we are not connected with each other. Instead, we are connected to centralized multinational companies and data merchants we are forced to trust with everything we do.
It’s a scary reality that most people are living in today; however, decentralization is the future. The transition from centralized platforms to decentralized ones is going to be the most profound and disruptive change we’ll ever see in our lives.
What Is Decentralization?
In short, it is the transfer of control and decision-making from a centralized entity, an individual, organization, government, or company to a distributed network. Decentralized networks reduce the level of trust that people have to place in each other and significantly reduce the ability of any centralized entity to exert authority or control over that Network. Read More
This blockchain protocol is creating a front end for every smart contract
Addressing these smart contract bugs maybe the few things standing in the way of the technology’s widespread adoption.
In the current environment, developers face a difficult choice between relegating their creations to a small pool of specialized individuals who know how to interface with the software directly or reveal their identity in exchange for a place on the worldwide web, risking potential backlash from non-uniform enforcement.
To address this, Cove provides developers with the freedom necessary for innovation but with complete anonymity. Cove will automatically generate smart contract interfaces, so developers can avoid the traditional hosting solutions, providing anyone with the ability to interface with their smart contracts. Read More
Optimism announces upgrades enabling ‘one-click’ roll-up deployment
As competition between layer-two scaling solutions heats up, Optimism has announced one-click roll-up deployments.
According to a blog post published by Optimism on Sept. 17, the team anticipates Ethereum-native protocols will be able to launch on its network in a single click by the end of October.
“Any tooling that can run on Ethereum will run identically on Optimistic Ethereum,” the post highlighted, adding:
Optimism, the Ethereum Foundation-backed team building developing a layer-two roll-up network, has announced upgrades to its protocol that will enable developers to deploy on its network in just "one click.”
“Anyone who has written code targeting Geth can now deploy without change — even for advanced features like traces and gas.” Read More
Solana's DeFi Projects are Raising Millions of Dollars
Solana may be up 122% in the past month, but its rise has begun to slow down. As the blockchain secures its place in the top 10 by market cap, investors in the nascent low fee, high-speed blockchain are turning their attention to something else: Solana’s decentralized finance protocols.
In the past week, investment in some Solana-based DeFi protocols came so thick and fast that the blockchain couldn’t handle all the attention. Solana crashed for 17 hours on Tuesday after bots rushed to invest in a token sale for Grape Protocol.
Decentralized finance is taking off on Solana. Here's what that looks like. Read More
Smart Contracts Running on Bitcoin? Internet Computer Founder Explains How It’s Possible
The community will use the power provided by the Internet Computer governance model to vote on integration with the Bitcoin blockchain. In practice, this will allow Bitcoin to have smart contract functionality (or Canisters, as they are called on Internet Computer) on the Internet Computer network with low-cost transactions and fast finality. Thus, the decentralized ecosystem on both networks could expand into an unprecedented era.
We sat down with Dominic Williams, the founder and Chief Scientist of the DFINITY Foundation to talk about this proposal, its implications for Bitcoin and Internet Computer, and more. This is what he told us. Read More
Say Goodbye to the Centralized Metaverse and Hello to the NFT Metaverse
In the early days of the Internet, there were many different ways to interact with websites. Some people used browsers while others used separate applications like Netscape Navigator or Internet Explorer. Some people even had their own custom-built applications that they would use exclusively for interacting with certain websites.
Eventually, however, all these different interfaces converged into one single interface: the browser. And once this happened, we realized that having multiple interfaces for accessing the same content was not only confusing but also inefficient. So we decided to standardize on one interface — HTML — and build everything else off of it. This is how we standardized on a single web browser and built everything else off of it: email clients, social media platforms, news aggregators…the list goes on and on.
The Metaverse: The Evolution of the Internet
What if instead of building everything else off of HTML we had built everything else off of another technology? What if instead of building email clients and social media platforms off of HTML, we had built them on the blockchain? It turns out that having an immutable ledger as your foundation makes a lot more sense, as it means that users maintain complete ownership of their assets. 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 other advice.
