Tag: Blockchain

Stellar (XLM) Introduces State Archival to Combat Blockchain State Bloat

Terrill Dicki Jul 18, 2024 02:03 Stellar (XLM)’s State Archival aims to address blockchain state bloat, enhancing scalability, transaction speed, and cost-efficiency. The Stellar Development Foundation has unveiled its innovative solution to the persistent issue of state bloat in blockchain technology, known as State Archival, according to Stellar. This approach is set to enhance the scalability, transaction speed, and overall cost-efficiency of the Stellar (XLM) network. Addressing State Bloat State bloat has long been a challenge for blockchain networks, leading to increased…

How Blockchain Enhances Cost Efficiency, Composability, and Accessibility

Traditionally in the domain of institutional investors, structured products combine various assets and derivatives to create tailored risk-return profiles. With the advent of blockchain, the potential for this market segment is enormous, promising significant cost reductions, enhanced composability, and improved accessibility. Currently, the global structured notes market is estimated to be worth more than $2 trillion, and blockchain stands to help widen the breadth of the market from origination to investor base. Source

Crypto and Blockchain Friendly Roberta Metsola Gets Re-elected as EU Parliament President

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Cardano Founder Proposes Blockchain Solution To Elon Musk

On Tuesday, July 16, Charles Hoskinson, founder of the blockchain platform Cardano, publicly offered to assist Elon Musk in addressing the escalating issue of account hacks and the proliferation of scam bots on X (formerly Twitter). Hoskinson’s proposal involves the integration of Decentralized Identifiers (DIDs), a concept endorsed by standards bodies like the World Wide Web Consortium (W3C), into X’s framework. What The Cardano Founder Offers Musk Hoskinson reached out directly via an X post, stating, “Elon, we need DIDs integrated into X. It solves all of these problems. Again,…

UAE Blockchain and AI Startup Sentient Labs Secures $85 Million in Seed Funding

Sentient Labs, a UAE-headquartered startup, has successfully raised $85 million in seed funding. The funding round was spearheaded by billionaire Peter Thiel’s Founders Fund and Pantera Capital, with additional participation from Framework Ventures. Sentient Labs stands out by merging decentralized blockchain features with cutting-edge AI technology, aiming to challenge existing norms and create a more […] Source CryptoX Portal

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…

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…

Standard Chartered-Backed Blockchain Firm Partior Closes $60 Million Series B Round

Blockchain firm Partior announced on July 12 that it had closed a $60 million Series B funding round led by Peak XV Partners. The investment will be used to enhance Partior’s capabilities, including intraday foreign exchange swaps, cross-currency repos, and just-in-time multi-bank payments. Partior Aims to Integrate Ten More Currencies JPMorgan and Standard Chartered-backed blockchain […] Source BitcoincryptoexchangeExchanges CryptoX Portal