The project is seen as a first step with the potential for additional functionality, the note said. These may include the ability to record repairs within the NFT, to use stablecoins as the payment leg for “atomic title transfers” and allow vehicle-licensing agencies from other states to join the platform so they can benefit from the same efficiencies as well as producing incremental efficiencies related to cross-state vehicle sales. Source
Tag: Blockchains
Avalanche Blockchain’s X and C Networks See Brief Outage
The C-chain is home to Avalanche’s DeFi community, as that’s the chain that hosts smart contracts and is used with MetaMask. The X-chain is the exchange chain, and is used to send funds back and forth, while the P-chain is the platform chain and is used for staking AVAX and serving as a validator. Source link
IoTeX Blockchain’s DAO Votes 97% in Favor of Adding Ether Liquid Staking Derivatives
“Increasing the IOTX staking ratio and, therefore, the security of its blockchain has always been the goal for IoTeX,” co-founder Raullen Chai said in a message to CoinDesk. “The primary motivation behind IIP-13 is improved security and further decentralization of the IoTeX blockchain.” Source link
Dogecoin Network's Patched Bug is Still Present in 280 Blockchains, Blockchain Security Firm Says
The bug pertains to the way peer-to-peer communications are conducted on blockchain networks, such as Litecoin and Zcash. Source
More than 280 blockchains at risk of ‘zero-day’ exploits, warns security firm
More than 280 blockchain networks are at risk of “zero-day” exploits that could put at least $25 billion worth of crypto at risk, according to cybersecurity firm Halborn. In a March 13 blog post, Halborn warned of the vulnerability it dubbed “Rab13s” — adding it has already worked with some blockchains, such as Dogecoin, Litecoin and Zcash, to institute a fix for it. Halborn discovered massive #ZeroDay impacting Dogecoin and 280+ networks including Litecoin and Zcash, putting over $25 Billion of digital assets at risk! … — Halborn (@HalbornSecurity) March…
Disinvitation From Denver Crypto Conference Reveals Tensions Between Aptos, Sui Blockchains
Officials at Pontem, a crypto wallet startup backed by the Aptos blockchain, are hosting the MoveCon conference later this week in the Aptos house, on the sidelines of ETHDenver. The focus of the event is Move, a coding language that Facebook engineers developed for Diem; it’s also the base language for Aptos and Sui. Source
Blockchain Association Rejects Court’s Securities Ruling on Private Blockchains
Following the decision of a federal judge to allow a lawsuit against Dapper Labs’ NBA Top Shot nonfungible tokens (NFTs) to go forward, the chief legal officer of the Blockchain Association stated that “it would be absurd” for a United States court to rule that digital assets on private blockchains are securities. This statement was made in response to the judge’s decision to allow the lawsuit to go forward. U.S. attorney Jake Chervinsky issued a statement after a federal court refused a move to dismiss a 2021 lawsuit claiming Dapper…
Modular blockchains could be the next hot crypto market trend in 2023
The public blockchain sector grew from less than a few million dollars in the last decade to a $1 trillion industry. However, one thing that the space has yet to solve is a decentralized and secure interoperable solution. Let’s take Ethereum (ETH) to Bitcoin (BTC), the largest blockchain network, for example. Till today, centralized exchanges are the only viable solution for shifting from one chain to another. A centralized solution provider, BitGo, provides the largest pool of liquidity for Ethereum users to gain BTC exposure via Wrapped Bitcoin (WBTC). The…
Arbitrum’s User Base Is Fastest Growing Among Leading Blockchains: Bernstein
It is the only blockchain where liquidity locked is growing, the report said. Source
Bill Allows Russian Financial Platforms to Operate Blockchains, Issue Digital Assets – Finance Bitcoin News
A draft law filed in the Russian parliament permits operators of platforms providing financial services to also run blockchain platforms. The legislation will allow them to combine their regular activities in the traditional financial market with issuing digital assets. New Law Opens Door to Blockchain Space for Russian Financial Service Providers The State Duma, the lower house of parliament in Russia, has adopted on first reading a bill allowing financial marketplaces, as defined by another Russian law, to also function as blockchain platforms facilitating the issuance and exchange of digital…