Tag: Blockchains

Private Blockchains, Smart Contracts, and AI Integration

A robust custody solution should consider advanced technologies to ensure the security and integrity of stored value. One option is a private and permissioned blockchain, which can serve as the backbone for transaction integrity and auditing, providing a reliable mechanism for tracking asset movements. The design of such blockchains assures that transactions are both auditable and immutable, which is crucial for maintaining trust and security. While a simple database can provide some of these functions, a private blockchain delivers them out of the box, offering enhanced security, transparency, and reliability.…

DOGS Meme Coin Surges 25% Amid TON Blockchain’s Temporary Outage

CoinspeakerDOGS Meme Coin Surges 25% Amid TON Blockchain’s Temporary Outage The recent market downturn might be ending for a new meme coin on The Open Network (TON). DOGS, a meme coin created by Telegram founder Pavel Durov, saw a significant 25% price increase on Thursday. The DOGS impressive rise followed a large airdrop and listings on major crypto exchanges such as Binance, OKX, and Bybit. DOGS Airdrop Strains TON Network Capacity DOGS, with its airdrop of 440 billion tokens out of a total supply of 550 billion, effectively grabbed user…

Banks Using Permissionless Blockchains for Transactions Face Multiple Risks: BIS’ Basel Committee Says

Banks are also exposed to political uncertainty as a new legislation could “change validator behaviour,” making the “blockchains themselves operationally unstable.” A ban for instance could “reduce the amount of computing power or staked native tokens available to secure the blockchain, temporarily increasing the risk of a 51% attack,” in which ”a coordinated effort is put forward to control greater than 50% of the validation nodes.” Source

Faster Computers and Better Algorithms Will Fully Decentralize Blockchains

To understand how these scientific improvements will change the world of blockchains, it’s worth looking at how we got here in the first place: blockchains use lots of computing power in a way that many would have, once upon a time, considered very wasteful. Again, if you go back to the early days of computing, memory and compute resources were so scarce that people left off the half the year number (The “19” in “1985”) to save space. A proof of work system with thousands of parallel processes would have…

Blockchains Can Insulate Your Business From Global Instability and Corruption

Most companies, especially big ones, have little choice other than to play by the rules, however arbitrary they might be. This is one of the reasons cryptocurrency adoption in many countries by consumers has far outpaced that by enterprises. Governments generally do not have the power to prosecute every consumer for every infraction. Exchanging your local currency for crypto or stablecoins may not be legal, but individuals can often fly beneath the radar. Businesses, however, have real-world assets, such as real estate and factories of immense value, that can be…

Layerzero Integrates Flare, Enabling Connectivity to 75 Blockchains

Layerzero has integrated with Flare, a layer one (L1) blockchain, to connect it with 75 other blockchains. This integration aims to broaden the scope of decentralized applications (dapps) and improve data sharing across networks. Flare and Layerzero Partnership Aims to Enhance Dapp Accessibility According to an announcement shared with Cryptox.trade News, this integration represents an […] Source CryptoX Portal

Flare integrates LayerZero V2, connecting to 75 blockchains

The cross-chain messaging platform LayerZero has integrated Flare, connecting the Layer 1 blockchain for data to 75 blockchain networks. As announced on Wednesday, the integration means Flare can now connect to major blockchain networks such as Ethereum and Solana. The milestone also makes Flare accessible to multiple Ethereum Layer 2 (L2) networks, bringing over 50,000 decentralized applications (dApps) to Flare. “This is an incredibly valuable integration for all users and builders on Flare. Deployment of LayerZero V2 will help accelerate Flare’s expansion, paving the way for builders to develop a…

Ironblocks’ ‘Venn’ Network Aims to Keep Malicious Transactions From Ever Hitting Blockchains

Venn is the latest attempt to address crypto’s ever-present crime problem. In any given week, projects big and small lose six-figure sums or more to fraud, theft, economic attacks and other costly capers that drain their customers’ crypto. All these transactions happen on the blockchain, where they’re irreversible; there’s no rewind button to move stolen money back into a victim account. Source