Category: Blockchain

Law professor says blockchain tech could ‘revolutionize’ copyright offices

A professor from the Texas A&M University School of Law recently published research exploring blockchain technology use cases in the world of copyright administration. According to their findings, blockchain has the potential to radically alter the way intellectual property is handled both “domestically and internationally.”  Dr. Peter Yu, the Regents Professor of Law and Communication and Director of the Texas A&M University School of Law’s Center for Law and Intellectual Property, and the paper’s sole author, asserts that blockchain’s immutability makes it a prime candidate for integration with the intellectual…

CertiK Outlines Mobile Blockchain Security Threats and Countermeasures

Blockchain technology is rapidly transcending beyond traditional platforms, marking its imprint on mobile platforms, an area CertiK, a blockchain security firm, regards as a “frontier of innovation.” However, this transition isn’t devoid of challenges. Mobile platforms inherit a lineage of security hurdles that threaten to impede the smooth operation of blockchain technologies on these devices. On 31st October 2023, CertiK delineated a series of tweets, unfolding the panorama of threats alongside respective safeguards in the mobile blockchain ecosystem. The first in the series of tweets outlined the threat posed by…

Its effects on blockchain innovation

The evolution of blockchain security and privacy Blockchain has become a tech cornerstone. But as it grows, so does the need for privacy. Zero-knowledge Proofs (ZK) emerged as a solution and there’s a new kid on the block called multiparty computation (MPC). Imagine proving you have a secret without revealing it. That’s ZK, ensuring transaction privacy in a transparent system. But, it has its challenges — notably its computational demands. Think of MPC as a group of people solving a puzzle without showing their pieces — collaboration without exposure. In…

Celestia Blockchain Goes Live as 580,000 Users Receive TIA Token Airdrop

“Celestia’s mainnet beta launch marks the arrival of the first live modular data availability network with data availability sampling (DAS),” said Ekram Ahmed, a spokesperson at the Celestia Foundation. “The industry has now entered a new, modular era with new values, defined by verifiability, abundant block space and collaborative blockchains. Celestia mainnet is a giant leap in our mission to make deploying chains as easy as smart contracts.” Source link

Blockchain Startup Etherfuse Rolls Out Tokenized Bonds in Mexico Targeting Retail Investors

“Stablebonds mark an evolution of investment solutions,” said Dave Taylor, CEO and co-founder of Etherfuse, in the statement. “By marrying the traditional world of bonds with the innovation of blockchain technology, we are creating a secure and transparent tool for investors and are adding further stability to DeFi and blockchain products,” he added. Source link

Blockchain in charity, explained

Challenges and considerations while using cryptocurrencies in humanitarian aid Even if cryptocurrencies have the potential to revolutionize humanitarian aid efforts, it is imperative to address issues concerning volatility, inclusivity, cybersecurity, legal compliance and ethical considerations.  The application of cryptocurrencies to humanitarian relief offers advantages and disadvantages. The value fluctuation of cryptocurrencies is one major obstacle. The ability of aid organizations to make effective plans and resource allocations might be impacted by price fluctuations. Careful financial techniques, such as instantaneous conversion to local currencies, are required to prevent losses resulting from…

dYdX Initiates Token Migration Following Layer-1 Blockchain Inception

Antonio Juliano, the founder of dYdX, announced on Twitter on 28 October 2023, regarding impending substantial transfers of $DYDX tokens in the following days. This alert is in alignment with dYdX Trading Inc. and other locked token holders’ plans to migrate tokens to the dYdX Chain, which will be recorded as transfers on both Ethereum and the dYdX Chain. It’s pertinent to note that these tokens will remain locked and are not slated for sale. Following Juliano’s announcement, the dYdX Foundation provided further details, anticipating large internal movements of the…

Blockchain congestion and transaction queues actually deter ‘nefarious actors’: Study

Researchers from Florida Atlantic University and the University of Mississippi recently published research indicating that blockchains with “full” blocks — especially when there’s a transaction queue — appear to have an added layer of protection against nefarious actors, money launderers and would-be fraudsters.  Dubbed “Bitcoin Blocksize, Custodial Security, and Price,” the team’s paper takes a deep dive into the Mt. Gox crash and other instances where cryptocurrency has been stolen from crypto exchanges. The study’s premise lies in the notion that the perpetrators of illicit activity wish to complete laundering…

dYdX launches layer 1 blockchain, validators and stakers set to receive all fees

Decentralized cryptocurrency exchange dYdX has launched its layer 1 blockchain with the creation of its genesis block which will operate using native DYDX tokens. The dYdX Chain is set to distribute all fees to validators and stakers in USD Coin (USDC). This includes trading fees denominated in USDC as well as gas fees for DYDX-denominated transactions or USDC-denominated transactions. The proof-of-stake (PoS) blockchain network was built using Cosmos’ software development kit and makes use of CometBFT as its consensus protocol. Validators stake DYDX in order to secure the blockchain and…