Category: Blockchain

Understanding Layer 3s (L3s): The Next Evolution in Blockchain Scaling

Peter Zhang Jul 16, 2024 15:11 Layer 3s (L3s) represent a new frontier in blockchain technology, offering cost-effective, customizable solutions for developers to build on existing Layer 2 (L2) infrastructure. Layer 3s (L3s) are emerging as a significant development in the blockchain ecosystem, according to paragraph_xyz. These new layers offer developers the ability to create customized, cost-efficient applications that settle on existing Layer 2 (L2) infrastructures, thereby enhancing the scalability and efficiency of blockchain networks. What are Layer 3s (L3s)? L3s can…

What Does It Actually Take to Build a Blockchain?

Considering that many of these chains take quite some time to reach mainnet, let’s assume there will be a testnet phase. When done correctly, this phase can be a great way to build initial hype — the key word being “correctly.” It’s also the time for the chain to get the necessary infrastructure in place, such as RPCs, oracles, indexers, block explorers, multisigs, account abstraction, and so on. The irony of needing infrastructure for infrastructure should not be lost on you. During this phase, developer relations teams can start conversations…

Eden Games to Launch Blockchain-Integrated Cosmic Royale in Animoca Brands’ Motorverse

Rebeca Moen Jul 15, 2024 15:58 Eden Games, under Animoca Brands, announces Cosmic Royale, a blockchain-integrated party royale kart racing game, as part of the Motorverse ecosystem. Eden Games Introduces Cosmic Royale Game development studio Eden Games, a subsidiary of Animoca Brands known for its legendary racing titles like Gear.Club and V-Rally, has announced the launch of Cosmic Royale, a new Web3 party royale kart racing game. This announcement marks the studio’s first fully blockchain-integrated project. Cosmic Royale is part of Animoca…

Exploring New Revenue Streams with Blockchain Payment Use Cases

Terrill Dicki Jul 14, 2024 04:56 Discover how blockchain technology is revolutionizing the payments sector, offering new revenue streams and efficiency gains for businesses. Blockchain technology is making significant strides in the payments sector, with some of the largest industry names adopting this innovation. According to Fireblocks, blockchain’s ability to facilitate the movement of value is comparable to traditional systems like SWIFT, SEPA, and FedNow, often surpassing them in efficiency. The question for payment businesses is no longer whether blockchain payments will…

IOTA Foundation Explores DAG Technology to Overcome Blockchain Limitations

The IOTA Foundation’s ‘Beyond the Chain’ workshop, held on May 31, 2024, at Trinity College Dublin, provided a comprehensive look at how Directed Acyclic Graph (DAG) technology can address the inherent limitations of traditional blockchains, according to the IOTA Foundation Blog. Insights from the Workshop The workshop was part of the IEEE International Conference on Blockchain and Cryptocurrency, which ran from May 27 to May 31, 2024. The event featured contributions from several IOTA Foundation members and attracted a significant audience despite being held on…

Animoca Brands Sets Up Validator on Core Blockchain to Enhance Security and Decentralization

Animoca Brands Launches Validator on Core Blockchain Core, a Bitcoin-powered layer-one blockchain for EVM-compatible smart contracts, announced that Animoca Brands has launched a validator on the Core Chain. This move underscores Animoca Brands’ belief in Core blockchain’s potential and a commitment to supporting the Core network’s security and decentralization, according to Animoca Brands. Role of Validators Validators are essential components of a blockchain network. They verify and validate transactions, maintain the ledger’s accuracy, and contribute to the network’s overall security. By becoming a validator, Animoca…

Tether (USDT) to Discontinue Support for Multiple Blockchain Implementations by 2025

Tether, the issuer of the widely used stablecoin USD₮ (USDT), has announced a strategic shift in its blockchain support strategy. According to tether.io, the company will discontinue support for USD₮ and EUR₮ on the Omni, Kusama, SLP, EOS, and Algorand blockchains by September 1, 2025. Community-Driven Decisions Tether emphasizes that community input plays a crucial role in its decision-making process. The company evaluates several factors, including network security, customer support, regulatory compliance, and oversight, to ensure user safety and sustainability. This strategic shift aims to…

Building a Flexible Blockchain Payments Solution: Key Considerations

As organizations increasingly identify business and revenue opportunities in blockchain technology, the need to implement efficient and flexible blockchain payments solutions becomes paramount. According to Fireblocks, integrating blockchain into existing offerings or creating new digital asset products requires careful planning and strategic execution. Key Considerations for Building a Blockchain Payments Solution Building a blockchain payments solution involves several critical elements. The three main categories to focus on are Wallet Infrastructure and Security, Ecosystem Partners, and Operational Workflows. Wallet Infrastructure and Security The foundation of any…

US Senate Suggests Blockchain Can Enhance National Security

The United States Senate Committee on Armed Services recently recommended exploring Blockchain usage to enhance the country’s national security.  The Committee issued a report directing the Department of Defense (DoD) to consider the emerging technology and test its potential applications within the defense sector. US Senate Military Committee Calls For Blockchain Development The US Military Senate Committee issued the National Defense Authorization Act (NDAA) for the fiscal year 2025. In the report, the committee authorized next year’s appropriations for military activities of the Department of Defense and military construction. The…

Sei Network Opens Access to Parallel EVM Blockchain

Sei Network has officially announced the launch of its much-anticipated parallel EVM blockchain, Sei v2 mainnet beta, which is now accessible to the public. This development marks a significant milestone in Sei’s mission to build the fastest blockchain optimized for the exchange of digital assets. Accelerating the Ethereum Ecosystem Sei v2 aims to enhance the Ethereum ecosystem by providing developers with the opportunity to build on what is claimed to be the most performant EVM blockchain available. The parallelized EVM architecture of Sei v2 is…