Day: July 11, 2023

Why Threads Got 100 Million Users When Other Twitter Rivals Could Not

Before going any further, let’s be clear: Threads will not necessarily be a huge success. Sometimes platforms arrive with a bang only to fade into cultural irrelevance – remember Clubhouse? But again: Threads got 100 million users in five days, and that number could still grow. Rival upstarts simply have not gained that kind of traction. Mastodon claims to have around 2 million monthly active users. It’s hard to get exact numbers for the decentralized social media protocol Nostr, but an estimate based on Damus and Amethyst downloads is likely…

Near Foundation treasury drops to $900M as token price plunges

At the end of Q2 2023, layer-one blockchain Near Protocol’s (NEAR) treasury had declined to $900 million, led by a fall in the price of NEAR tokens from $1.99 to $1.38 apiece. At the #NEAR Foundation, transparency is at our core. Check out the Foundation’s Q2 ’23 Transparency Report below for all the details on treasury, strategy, OKRs, and more! https://t.co/EXZcmhC7sA pic.twitter.com/twxiSffiWM — NEAR Foundation (@NEARFoundation) July 10, 2023 According to the July 10 report, the Near Treasury currently consists of $349 million in fiat, 315 million NEAR, and $90 million…

Coinbase Soars After Reaching Cboe Surveillance Sharing Agreement for 5 Bitcoin ETF Applications

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“On June 21, 2023, the Exchange reached an agreement on terms with Coinbase, Inc., an operator of a United States-based spot trading platform for Bitcoin that represents a substantial portion of US-based spot trading platform for Bitcoin that represents a substantial portion of US-based and USD denominated Bitcoin trading, to enter into a surveillance-sharing agreement (“Spot BTC SSA”) and executed an associated term sheet,” the filing stated. Original

10 tips for blockchain-based data providers seeking to scale

Each year, the amount of data generated across the globe is growing exponentially. From the explosion in the use of digital tools in the workplace to the ever-growing use of Internet of Things devices, social media, online gaming, e-commerce and other digital platforms, each day sees the creation of a massive amount of data that needs to be stored securely and efficiently.  Blockchain technology provides a decentralized, immutable, secure solution, making it an ideal option for multiple industries. But first, blockchain-based data providers need to prove they can scale to…

ConsenSys launches Linea zkEVM to further scale Ethereum

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The Ethereum ecosystem welcomes another layer-2 scaling solution as ConsenSys begins onboarding partners to its Linea network, which has produced significant scaling milestones in testing. Linea is an Ethereum layer-2 scaling network that allows developers to build or migrate decentralized applications for Ethereum. It operates using zero-knowledge proofs and is Ethereum Virtual Machine (EVM) equivalent, meaning its applications can seamlessly interact with the Ethereum blockchain. The network went through a lengthy testnet period which saw some 5.5 million unique wallets carry out over 46 million transactions. ConsenSys outlined improvements to Linea’s performance,…

Data Startup Space and Time Creates Chatbot Powered by OpenAI’s ChatGPT for Database Querying

Space and Time’s technology, proof-of-SQL, “allows the data warehouse to generate a SNARK cryptographic proof of SQL query execution, proving that query computation was done accurately and that both the query and the data are verifiably tamperpoof,” according to its website. Within Web 3 environments, this is particularly important because there are no trusted entities to ensure the accuracy of the data or the query. Source