Tag: Blockchains

Defi’s TVL Declines by $10 Billion in April Despite Growth in Bitcoin and Newer Blockchains

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The total value locked (TVL) in decentralized applications (defi) experienced a 7% decrease, dropping $10 billion in April, with defi’s ecosystem ending the month at $138.6 billion despite a widespread outflow of funds from several blockchains, such as a significant drop in Avalance and Solana. Despite the overall downtrend, Bitcoin, Base (a Layer two blockchain […] Original

Existing Blockchains Can’t Adopt Post-Quantum Cryptography Without Significant User Impact, Says Johann Polecsak

As the prospect of quantum computers breaking today’s cybersecurity standards edges ever closer, Johann Polecsak, co-founder of the QAN blockchain platform, argues that public blockchains such as Bitcoin, Ethereum, and Solana are still ill-equipped to adopt post-quantum cryptography without significant user impact. Post-Quantum Migration Risks Polecsak, an advocate for heightened awareness of imminent quantum attacks, […] Source CryptoX Portal

Ethereum Blockchain’s Q1 2024 Success: Unveiling The Factors Behind The $370M Profit Surge

Not only has Ethereum (ETH) seen an impressive rise of nearly 100% in the first quarter of 2024 in terms of price action, but the Ethereum blockchain has also generated substantial profits of up to $369 million during this period. This unexpected profitability has raised questions about how a blockchain like Ethereum can be profitable.  Ethereum Revenue Potential As noted in a recent analysis by the on-chain data platform Token Termina, the collection of transaction fees is a critical aspect of Ethereum’s business model.  All network users are required to…

Bitcoin Lightning Exchange FixedFloat Sees ‘Suspicious’ Transfers of $3M to Ethereum, Tron Blockchains

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Tokenized US Treasury Bonds Hit $1 Billion Milestone on Public Blockchains

This week, 21.co’s onchain data analyst Tom Wan presented figures revealing that tokenized U.S. Treasury bonds on public blockchains have surpassed the $1 billion mark. The analyst highlighted that Blackrock’s BUIDL experienced significant growth of 400%, escalating from $40 million to $240 million within a span of a week. The Rise of Tokenized Real-World Assets […] Source CryptoX Portal

Zano Blockchain’s Hard Fork Facilitates Privacy Coin Creation, Introduces Confidential Assets

The Zano blockchain’s recently completed Zarcanum hard fork (HF4) will enable users and organizations to create custom tokenized assets that meet their specific needs. These custom tokenized assets or confidential assets, will be untraceable on the Zano blockchain. The team believes that without privacy and security, cryptocurrencies cannot achieve the much-hyped widespread adoption. Hosting Multiple […] Source CryptoX Portal

Blockchains Will Upend Economies of Scale

Traditionally, those numbers have been big, and the bigger the required scale of investment, the harder it is for firms to enter and stay competitive. Some industries are still headed in the direction of ever bigger investments and capacity required to achieve scale. Today, building a new state-of-the-art semiconductor facility is so expensive – estimated at up to $30 billion – that only a few companies are left in the business where there were once dozens. Source