Tag: Blockchains

Web3 Applications Will Increasingly Be Built on Custom Blockchains, Says Ankr’s Head of Product – Interview Bitcoin News

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As blockchain developers compete for traffic and resources for their respective dapps (decentralized applications), the downside to this, according to some in the industry, can be a poor user experience which in turn undermines the mass adoption cause. Therefore, unless current blockchains — both Layers 1 and 2 — can overcome niggling issues like high gas fees or poor network speed, it will be difficult to convince traditional organizations that they need the tech, according to Ankr’s Josh Neuroth. Overcoming Blockchain Scalability Challenges In cases where an attempt to improve…

What Goldman Sachs’ CEO misunderstands about private blockchains

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Only one of the following news items is real, but someday, all will sound equally comical. Headline, 1896: The owner of Wagoneer & Sons, a leading horse-drawn carriage maker, has announced the adoption of a new machine called the “internal combustion engine” to improve its manufacturing process. “Gas engines are powerful but dangerous,” the owner said. “We will use them to make better wagons. Headline, 1918: The American Association of Candle Makers has announced a new initiative to electrify its wax-making process. It believes that electricity is too dangerous to…

Sustainable Blockchains: The Future of Eco-Friendly Business Practices – Crypto 2023

Clearly, this technology is nascent, and nobody is saying that blockchain on its own is a panacea for dealing with climate change. Nonetheless, more industries must consider what this technology can offer. Perhaps the most important initial component is accountability for companies claiming to be engaging in sustainable practices. That said, there is so much more that is possible. The world should begin paying attention and get past the notion that blockchain is part of the problem because, in truth, it could form part of the solution. Source

NFT Sales Jumped 22% Higher This Month With $568 Million in NFTs Sold Across 20 Blockchains – Markets and Prices Bitcoin News

Non-fungible token (NFT) sales have shown improvement during the last month as 30-day statistics show NFT sales are up 22.37% higher than the month prior. During the last seven days, NFT sales are up 5.13% higher than the week before. Additionally, over the last two days, the floor value of Bored Ape Yacht Club (BAYC) NFTs managed to jump above the floor value of Cryptopunks NFTs by more than four ethereum. NFT Sales Improved in November, Rising 22% Higher Than October’s Sales — BAYC Floor Surpasses Cryptopunks Roughly two weeks…

Solana’s co-founder addresses the blockchain’s reliability at Breakpoint

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Solana (SOL) co-founder Anatoly Yakovenko says the past year has been mired by the network’s reliability issues and outages, but recent updates will help the blockchain resolve its reliability issues.  During the Breakpoint 2022 annual conference in Lisbon, Portugal on Nov. 5,  Yakovenko discussed the past and future of the blockchain, noting the network has faced difficulties over the past year: “We’ve had a lot of challenges over the last year, I would say this whole last year has been all about reliability.” Solana has suffered ten partial or full outages…

Web3 Wallets Will Help Onboard Blockchain’s Next Billion Users

I don’t know about you, but downloading a Web3 wallet and funding it for the first time was a nerve-wracking experience. Sending money without trusting some central authority with a familiar logo left me feeling unmoored; I refreshed my wallet a few times, waiting. After using it for a few months, I realized that this decentralized wallet was a very different beast from typical payment apps provided by banks or companies like Paypal. These wallets not only carried my crypto assets but also my login credentials and transaction history forming…

Publicly-Listed Bitcoin Miner Argo Blockchain’s Stock Gets Downgraded, Firm Offloads Close to 4,000 Bitmain Miners – Mining Bitcoin News

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On Oct. 31, 2022, the publicly-listed bitcoin miner Argo Blockchain revealed the firm’s attempt to obtain $27 million in a scheduled financing deal fell through. According to the company’s October update, Argo said it did not believe the deal “will be consummated” and now two market analysts have downgraded the company’s shares. Argo Blockchain’s $27 Million Financing Deal Falls Through, Stock Shudders, Wall Street Analysts Downgrade ARBK Shares Bitcoin miners have been facing significant pressures as a couple of publicly-listed mining firms have faced financial hardships and bankruptcies. The recent…

Aptos Token Rebounds After Upstart Blockchain’s Dismal Debut

The APT token was trading at $9.17, up 36% compared with last week’s low of $6.75, based on CoinGecko pricing. At that pace of recovery, it’s fast approaching the $12 price where it launched on multiple exchanges, based on data from Riyad Carey, a research analyst at crypto data firm Kaiko. In the early hours following the Oct. 19 launch, the token was trading around $9 on the Coinbase, Huobi, FTX and Binance crypto exchanges. Source