Tag: Blockchains

Argo Blockchain’s Bitcoin Mining Margin Widens Most In at Least a Year

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

New Year Brings Strong NFT Sales, Up 26% in First Week of 2023 With Top 5 Blockchains Seeing Double-Digit Increases – Markets and Prices Bitcoin News

boss

The first week of 2023 saw an upswing in non-fungible token (NFT) sales as seven-day volume increased 26.01% compared to the previous week, totaling approximately $208.99 million in NFT sales. Additionally, the top five NFT-issuing blockchains saw increases over the last week. Bored Ape NFT Collection Leads the Way with $19 Million in Sales, 52.82% Increase from Previous Week According to NFT sales statistics, the first week of the new year saw a 26.01% increase compared to the last week of 2022. Cryptoslam.io metrics show that there were 1.2 million…

Is SOL About To Crumble? Major NFT Projects Plan To Switch To Other Blockchains

boss

In the preceding 24 hours, the sentiment of the cryptocurrency market as a whole was mixed, as the majority of top cryptocurrencies experienced mixed price changes. Solana is in a difficult position, since two of the ecosystem’s most prominent NFT projects are abandoning its network for rivals.  The outlook on the crypto remains bearish in 2022. On Monday, DeGods announced that the NFT collection will bridge to Ethereum in the first quarter of next year. The y00ts NFT collection, which is part of the same cohort, will move to Polygon. The official…

2 NFT Projects Plan to Transition From Solana to Alternative Blockchains – Bitcoin News

boss

Two prominent Solana projects have announced they are transitioning over to new blockchains. The non-fungible token (NFT) venture Degods detailed it will be moving to the Ethereum chain and the Y00ts NFT team detailed it is moving to Polygon. Both teams said the transitions will take place in 2023. Degods Says NFT Project Will Move to Ethereum, Y00ts Details NFT Venture Is Transitioning to Polygon The crypto community has been discussing two crypto projects that have said the teams plan to transition their ventures from the Solana blockchain network to…

Successful decentralization doesn’t need blockchains: Nillion CEO

boss

Decentralization via blockchain technology has given rise to several applications such as cryptocurrency, nonfungible tokens (NFTs), decentralized autonomous organizations (DAOs), decentralized finance (DeFi), and many more use cases. However, the future of decentralization may very well extend beyond blockchain technology. Nillion, an internet infrastructure platform based on cryptography, has developed a technology called Nil Message Compute (NMC), which changes how data is stored, processed and decentralized. This new technology could have important implications for how companies and users pursue decentralization as an ethos. When asked how decentralization without blockchains was possible, the…

What are Layer 1 Blockchains?

boss

Blockchain technology has garnered significant attention in recent years due to its potential to revolutionize various industries. At its core, a blockchain is a decentralized, distributed ledger that allows multiple parties to reach consensus on the state of a shared database. There are two main types of blockchains: layer 1 and layer 2. Layer 1 blockchains are the foundational layer of a blockchain and are responsible for maintaining the integrity of the network. These blockchains are typically more secure and decentralized than layer 2 blockchains, as they are responsible for…

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

boss

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

boss

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