Cosmos-native layer-1 blockchain Canto has become the latest chain to migrate to Ethereum as a layer 2 zero-knowledge rollup, after another layer-1 blockchain, Astar, announced similar plans moving from the Polkadot ecosystem to Ethereum. Canto is a permissionless general-purpose blockchain, which is Ethereum Virtual Machine (EVM)-compatible with aims to onboard the traditional financial sector to decentralized finance applications. Upon an official agreement reached by Canto Commons — a framework where contributors coordinate ideas and solutions to the protocol — its core developers will build a ZK rollup on Ethereum’s second…
Tag: Blockchains
Ethereum ($ETH) Blockchain’s New Test Network Has Twice as Many Validators as Main Network
Ethereum core developer Parithosh Jayanthi told CoinDesk that Holesky is expected to become the biggest testnet for Ethereum, and should have 1.4 million validators to help address scalability problems with mainnet. That’s double the 700,000 on Ethereum. Source link
Lido’s Staked Ether Tokens Can Soon Be Used on Cosmos, IBC Blockchains
Lido is the leading provider of liquid-staking solutions and its staking token, stETH, has a $13.8 billion market capitalization. Source
Visa to Adds Solana for Cross-Border Payments with ‘Multiple Blockchains’ and CBDCs to Follow
Sheffield said that Visa sees great potential for blockchain technology, especially in global and cross-border payments. Payments giant Visa Inc (NYSE: V) will rely on multiple blockchains in the future. This is according to a blog post by the company’s Head of Crypto Cuy Sheffield dated September 6. In the post, Sheffield also spoke on Visa’s new partnership with the Solana blockchain. “We imagine a future where Visa’s network of networks involves more than just multiple currencies and bank settlement rails, but also multiple blockchain networks, stablecoins, and CBDCs or…
Swift Announces Successful Transfer of Tokenized Value Across Multiple Blockchains
The experiment was built on Swift’s earlier successes in connecting Central Bank Digital Currencies (CBDCs) and digital assets with existing and emerging payment systems. The Society for Worldwide Interbank Financial Telecommunication (SWIFT), the global financial messaging network, has unveiled the results of a groundbreaking experiment hindering the widespread adoption of tokenized assets. According to an official announcement on August 31, the company has successfully demonstrated that its infrastructure can seamlessly facilitate the transfer of tokenized value across a variety of public and private blockchains. The messaging platform said the results…
Swift, Chainlink Tokenization Experiment Successfully Transfers Value Across Multiple Blockchains
“For tokenization to reach its potential, institutions will need to be able to seamlessly connect with the whole financial ecosystem. Our experiments have demonstrated clearly that existing secure and trusted Swift infrastructure can provide that central point of connectivity, removing a huge hurdle in the development of tokenization and unlocking its potential,” Tom Zschach, chief innovation officer at Swift said in a press statement. Source
Friend.Tech Hype Sees Base Surpass Rival Layer 2 Blockchains in Average Transactions per Second
Base, the layer 2 blockchain backed by Coinbase (COIN), averaged a record high of 15.88 transactions per second (TPS) over the past 24-hours, beating Ethereum and rival layer 2 blockchains Arbitrum and Optimism Source
Coinbase (COIN) Buys a Stake in Stablecoin Operator Circle and USDC Adds 6 New Blockchains
“I really do believe PayPal grows the pie for us,” McDonnell said in an interview with CoinDesk. “Crypto is so small today compared to the overall financial world. And, so, getting a lot of people in, whether they come through the PayPal door, or some other door, a lot of them eventually will find their way to other things in crypto, including us at Coinbase.” Source
Blockchains Keep Launching, From Sei (and Its $SEI token) to Shibarium (and Its $SHIB)
SEI HELLO! Sei, a new layer-1 blockchain built using Cosmos technology, launched to the public, and its native SEI token garnered more than $1 billion in trading volume after being listed on crypto exchanges including Gate.io and Binance. The project is notable because it was designed as an application-specific blockchain meant for trading, in contrast to more general-purpose networks like Ethereum that could theoretically support a wider range of use cases. Jay Jog, co-founder of Sei Labs, which led the new blockchain’s development, said that the “solution” to providing faster…
Just-Launched Sei Blockchain’s New Token Plunges 24% After Airdrop
The Sei Foundation, which coordinated the airdrop, posted on X early Thursday that it had tripled the number of eligible wallets for the cross-bridge airdrop to 1.5 million from 500,000, on blockchains including Ethereum, Polygon, Arbitrum and Solana. The expansion was “due to fervent demand,” according to the post. Source link