Tag: Blockchains

Coinbase Says Crypto Exchange Aims for Cloud Division To Be Blockchain’s Version of Amazon Web Services: Report

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Crypto exchange Coinbase reportedly wants to make its infrastructure product, Coinbase Cloud, the Amazon Web Services (AWS) of blockchain.  AWS, which provides on-demand cloud computing services and application programming interface (API) to individuals, businesses and governments on a metered pay-as-you-go basis, is the most profitable arm of Amazon.  Forbes reports that AWS brought in $13.5 billion in annual operating profits from a revenue base of $45.3 billion in 2020 or 63% of the e-commerce giant’s total.  Coinbase Cloud provides infrastructure and tools for products and services in the crypto space and…

Blockchains need to move toward standards for interoperable asset transfers

Cross-chain asset transfer has been around for several years. The concept developed almost as soon as multiple blockchains were developed and began to gain adoption. In its initial application, the transfers focused on swaps between the chain’s native assets and tokens, which led later to several decentralized exchanges. While exchange of assets has its utility, pure transfer and movement of assets and other data easily across blockchains without changing their identities is just as important, and is becoming more frequent.  Currently, 400,000 Bitcoin (BTC), and increasing, exist and are used…

Security Focused DeFi Project EverRise Now Live on 3 Blockchains, Staking Introduced – Sponsored Bitcoin News

sponsored Originally launched on June 15th, 2021, EverRise is a blockchain technology company that offers bridging and security solutions across multiple chains through an ecosystem of decentralized applications. With their RISE token, they were the first to bring the buyback to crypto. Since then, the buyback mechanic has become standard in space with countless forks. EverRise v2.0 EverRise is working on bringing their ecosystem of dApps to as many blockchains as possible to increase adoption of safety protocols across all DeFi. Keeping that in mind, EverRise, have recently gone live…

Security Focused DeFi Project EverRise Upgrades Protocol and Launches on 3 Blockchains – Press release Bitcoin News

press release PRESS RELEASE. EverRise, the DeFi project that introduced the concept of buybacks in cryptocurrency, is going live with an upgraded version 2 contract on Monday, November 29th at 11:00 pm UTC. The new RISE token will be available on the Binance Smart Chain, Ethereum, and Polygon networks through PancakeSwap, UniSwap, and QuickSwap, respectively, with one supply across the three blockchains and balanced initial liquidity pools. This is the first time a token has launched on three chains at the same time and marks the first time the RISE…

How High Fashion Is Waking Up To Blockchain’s Possibilities

Our increased use of online services over the past 18 months has no doubt accelerated the adoption of blockchain. Just like other global industries, the fashion world is waking up to the opportunities these technologies offer. From a new global payment form to enabling better sustainability reporting — not to mention the staggering rise of fashion NFTs — the possibilities seem endless.  So, which blockchain applications can we expect to see the fashion world adopt?  And what limitations still need to be overcome before blockchain can become mainstream? Let’s take…

Assessing Blockchain’s Brightest Innovations for 2022 and Beyond

2021 has been a banner year for blockchain. While much of the global news agenda revolved around lockdowns, vaccines and other byproducts of the pandemic, the total market value of cryptocurrencies rose above $2 trillion, fell back – then retook the milestone. Elsewhere, decentralized applications (dApps) flourished on Ethereum and multiple rival networks; non-fungible tokens (NFTs) brought a legion of new users to the industry; bitcoin set a fresh all-time high after the appearance of the world’s first bitcoin ETF; blockchain-based gaming took flight, and the world’s biggest digital asset…

Third-Generation Blockchains Will Pick Up the Defi Slack Left by Ethereum – Op-Ed Bitcoin News

With the ETH 2.0 upgrade still months, if not years, from a full launch, third-generation blockchain protocols are quickly racing up to dethrone Ethereum as the “go-to” hub for dapps and defi. Blockchain Metamorphosis to Catalyze Future Defi Growth Although many people may only be discovering it recently, blockchain technology has been around long enough to have moved on from first to second, and now third-generation protocols. The first-gen blockchain started with Bitcoin, a proposed alternative to the hegemony of centralized financial services. It laid the foundation for a decentralized…

Web 3 Social Media Needs Dedicated Blockchains

Moreover, even though many blockchains claim to be able to handle thousands of transactions per second (TPS), this metric does not take into account the storage properties of the application at hand. There is a big difference between 50,000 DeFi transactions, which may generate zero bytes of new state data, as opposed to 50,000 social transactions, which may generate tens of megabytes that need to be stored, indexed and queried. Source

Argo Blockchain’s Texas mining facility could cost up to $2B

United Kingdom-based crypto mining company Argo Blockchain’s plans to build an 800-megawatt data center in West Texas could cost anywhere from $1.5 billion to $2 billion. According to a Friday regulatory filing from Argo, the $2 billion cost estimate for the Helios mining facility built on a 320-acre land plot in Texas was based on “the type of mining machines to be installed in the facility, the mix of owned and hosted machines, the cost of raw materials, labor and power required to construct the facility, the timing of build-out…

Private, public and consortium blockchains: The differences explained

Private blockchains provide users with the absolute privacy they desire. Private blockchains (which are permissioned settings) establish rules governing who can see and write to the chain, in contrast to public, permissionless blockchains. There is a clear hierarchy of control in these systems; hence, they are not decentralized. However, they are dispersed because many nodes still keep a copy of the chain on their machines. A private blockchain network requires an invitation, which must be approved by the network founder or a set of rules established by the network starter.…