The Open Network Foundation (TON Foundation) has announced its attempt to become the world’s fastest blockchain, as accredited by Guinness World Records. The foundation will conduct a public network performance test on October 31, 2023, to showcase the reliability, scalability, and speed of the TON blockchain. Collaborating with Alibaba Cloud and others, TON Foundation will […]
Sergey Nazarov, co-founder of blockchain oracle Chainlink, believes that people will eventually understand and appreciate the decentralized computing platform his team is building. In an interview, Nazarov emphasized the importance of developing a secure and reliable system that can handle large transaction values. He clarified that blockchain and oracle networks are different, with oracle networks […]
The BRICS Bank, also known as the New Development Bank (NDB), has announced a three-year plan to move away from the US dollar and adopt a common currency for trade among member countries. This initiative aims to reduce the demand for the USD by lending loans in local currencies. Iraq has recently joined the de-dollarization […]
A crypto analyst has issued a warning about potential market manipulation of XRP, the cryptocurrency associated with Ripple. The analyst, known as Wall Street Bulls, suggested that the wealthy elite and major bankers may be behind these manipulative acts. They shared a price chart showing a significant decline in XRP’s value since reaching a high […]
Switzerland’s announcement at the Sibos 2023 conference about live transactions with a Central Bank Digital Currency (CBDC) has sparked a flurry of claims and counter-claims within the XRP community. A user on X (formerly Twitter) claimed that the Swiss Central Bank is using XRP as a settlement token through the R3 network. However, an expert […]
SBF, a prominent company, is seeking to introduce an investment in Anthropic to a court case. However, prosecutors are attempting to block this move. The lawyers for SBF are looking to use this investment as evidence, but the judge has denied their request to cross-examine Gary Wang. The details surrounding the court case and the […]
Shiba Inu’s lead developer, Shytoshi Kusama, has revealed some future plans for Shibarium, the Ethereum-based layer-2 scaling solution. The focus is on enhancing scalability, security, and overall functionality. The protocol aims to change the method of onboarding validators to ensure network safety. The plan is to onboard the right participants while keeping the strategy behind […]
Only 7% of users who initially engage with Ethereum continue to use the platform after a year, according to recent data from Token Terminal. This suggests that the majority of users, approximately 93%, stop using Ethereum for token transfers and smart contract deployment within a year. The reasons behind this lack of user retention are […]
Bitcoin’s potential for real-world use cases and increased adoption and utility lies in its connection to the Ethereum Virtual Machine (EVM), according to Willem Schroé, the founder of cross-chain infrastructure firm Botanix Labs. Schroé argues that Bitcoin needs to enter the EVM world to bridge the gap between mainstream adoption and the broader financial system. […]
Robert Linus, project lead at Bitcoin development group ZeroSync, has proposed a new system called BitVM that would allow developers to perform complex computations on the Bitcoin network. Unlike other proposals, BitVM does not require changes to Bitcoin’s code, which could cause controversy within the community. The system suggests verifying computations on Bitcoin while executing […]
