Category: Blockchain

Ensuring integrity of blockchain transactions: Trust through audits

Blockchain auditing is the process of examining and verifying the data and transactions stored within a blockchain network. It focuses on assessing the integrity and accuracy of the information recorded on the blockchain to ensure it aligns with the intended rules, protocols and regulations. Through the audit process, smart contract code is painstakingly examined to identify vulnerabilities of all levels, ranging from minor loopholes to critical weaknesses that could potentially expose millions to risk. Auditors review and reveal centralization issues, ensure the project code functions as the developer intended, and…

Binance Users Reach 150M | Blockchain News

According crypto exchange Binance CEO Changpeng Zhao’s tweet, Binance has achieved several key milestones, reflecting its ongoing commitment to expansion and innovation. Binance announced that it has hit the 150 million registered users mark. This milestone underscores the platform’s growing popularity and reach in the global cryptocurrency community. In July 2022, Binance revealed that its registered user count had surpassed 120 million, meaning that the exchange has seen a growth of 30 million users within the past year. Binance officially launched its operations in Japan, marking a strategic move into…

Protocol to identify ‘systemically important’ blockchain banks could help prevent a market crash: Study

Kanis Saengchote, a researcher at Chulalongkorn University in Thailand, recently developed a framework for identifying and measuring systemic risk in decentralized finance (DeFi) institutions.  The new protocol is called the Global Systematically Important Protocol (G-SIP), and it’s based on a similar endeavor instituted in the traditional banking industry. After the global banking crisis of 2008, the traditional finance sector collaborated to come up with a protocol for identifying critical banking structures in order to implement strategies for the prevention of future collapses. Related: UBS Group agrees to $3.25B ‘emergency rescue’…

Litecoin Undergoes Third ‘Halving,’ in Milestone for 12-Year-Old Blockchain

Litecoin, a “fork” or clone of Bitcoin, is sometimes affectionately referred to as “digital silver.” Both blockchains reward “miners” who process transactions and secure the network, with a reward – a combination of variable transaction fees and a predetermined “subsidy” that gets halved approximately every four years. (With Litecoin, they happen every 840,000 transaction blocks, and the average time to generate each block is about 2.5 minutes.) Source link

Blockchain IOT firm Nodle goes open source with Web3 bluetooth ‘nanocomputer’ sticker

Decentralized network provider Nodle has launched a bluetooth hardware sticker that is aimed at increasing Internet-of-Things (IoT) connectivity for a variety of industrial use cases. The firm announced that it will open source it’s Nodle NanoComputer (N1), which features a Hardware Security Module (HSM) that enables a range of bluetooth operations. The N1 can be attached to any variety of items, with use cases ranging from logistics to track and trace applications. An artist’s impression of the Nodle Nancomputer N1 bluetooth chip. Speaking exclusively to Cointelegraph, Nodle co-founder Garrett Kinsman said the…

ICP-based blockchain chat app launches ‘Communities’ to compete with Discord

Blockchain chat app OpenChat has enabled users to create Discord-like servers called “Communities,” according to an Aug. 2 announcement. Early UX prototype for OpenChat Communities. Source: OpenChat OpenChat is a blockchain-based chat app running on the Internet Computer (ICP) network. It facilitates mostly crypto-oriented chat groups, including some with a few thousand members. LootMoneyArmy (3,201 members), Magnetic (2,703 members) and DFinityVN (2,597 members) are some examples of OpenChat groups. The app’s development team first announced the Communities feature in February. At the time, they observed that users were employing OpenChat…

How AI Artificial Intelligence, Web3 Blockchain and Humans Can Work Together to Solve Complex, Global Problems

Cultural and regulatory conversation worldwide today show that there is a lot of fear around AI. AI is going to take over the world, it’s coming for everyone’s job, it’s going to destroy Hollywood: choose your own dystopian adventure. I don’t want any of those things to happen, either, but I’m an AI optimist at heart. There are a lot of things that humans are pretty bad at, and we should want AI to help us with those things, and work together with us to fix them, especially when it…

Taj Quantum Utilizes Blockchain in Authentication Systems, Awarded Patent for Groundbreaking Type II Superconductor

Taj Quantum, a company specializing in quantum technology and blockchain-based authentication systems, has been awarded a patent by the United States Patent and Trademark Office (USPTO) for its Above Room Temperature Type II Superconductor. The patent, numbered #17249094, was announced on July 31, 2023. The patented superconductor operates at a wide range of temperatures, from about -100° F (-73° C) to about 302° F (150° C). This range, which includes temperatures well above room temperature, is a characteristic uncommon in the world of superconductors. Inventors John Wood and Paul Lilly,…

What is Agent GPT? | Blockchain News

Agent GPT is an innovative autonomous AI Agent platform that empowers users to create and deploy customizable autonomous AI agents directly on the web. This comprehensive overview explores the features, functionalities, use cases, and future prospects of Agent GPT. Introduction Agent GPT is an open-source project that allows users to create autonomous AI agents built on GPT-4. These agents can act autonomously, write their own code, and perform various tasks on the internet. The platform is gaining popularity for its user-friendly interface, customization options, and potential applications ranging from chatbots…

Researchers develop blockchain verification service for cultural artifacts

Computer scientist Adel Khelifi, of the University of Abu Dhabi, and archaeologist Mark Altaweel, from University College London, recently announced the development of a Web3-based verification-as-a-service model for determining and recording the authenticity and provenance of cultural artifacts.  Called Salsal, the big idea behind the service is to bridge the world of historical artifacts with an on-chain validation system that can’t be fudged or cloned. In an email interview with Cointelegraph, Altaweel said Salsal would be offered specifically to “cultural heritage organisations.” Related: TemDAO world heritage project helps cultural sector…