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Tag: Blockchains
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
Over $1B in U.S. Treasuries (UST) Has Been Tokenized on Public Blockchains
The rapid rise in Treasury yields in the past two years has fueled demand for their tokenized versions. The 10-year yield, the so-called risk-free rate, has risen to 4.22% from 1.69% since March 2022, denting the appeal of lending and borrowing the dollar-pegged stablecoins in the decentralized finance market. Source
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
The Graph Expands Subgraph to More Than 40 Blockchains Including Arbitrum, Base
“It’s incredible to watch The Graph Network’s multichain evolution unfold. More chain ecosystems than ever are now equipped with open access to blockchain data, empowering people to gain control over the data they need, on their own terms,” said Tegan Kline, CEO of Edge & Node, a project developer. Source
Layer 2 Blockchains Become Cheaper After Ethereum's Dencun Upgrade
The upgrade allows layer 2 solutions to store data in “blobs” instead of the expensive call data. Source
Ethereum Preps Dencun Upgrade as Layer-2 Blockchains Starknet, Polygon Eye Lower Fees
“Scalability is the fundamental unlock that enables permissionless collaboration between developers across projects and teams,” said Karl Floersch, CEO of OP Labs, the primary developer firm behind the Optimism network. “With EIP-4844 and Dencun, devs across the Ethereum ecosystem can more seamlessly build together.” Source
Ethereum Blockchain’s Dencun Upgrade Could Mean Near-Zero Fees for Layer 2s: Fidelity Digital Assets
The upgrade will provide the scaling needed to support millions of users on layer-2 blockchains, making it a more “fitting distributed database for other blockchains,” the report said. The improvements are expected to bring substantially more users into the Ethereum ecosystem and should expand the network’s total addressable market (TAM). Source link
Top 10 Proof Of Work Blockchains Like Bitcoin
Proof of Work blockchains stand as the cornerstone of cryptocurrency technology, first popularized by Bitcoin, the original cryptocurrency. At their core, these blockchains rely on a consensus mechanism called Proof of Work (PoW). This mechanism is essential for validating transactions and creating new blocks without the need for a central authority. In a PoW blockchain, miners compete to solve complex mathematical puzzles. The first miner to solve the puzzle gets the opportunity to add a new block to the blockchain and is rewarded with cryptocurrency. This process not only secures…