Tag: Blockchains

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

Top 10 Proof Of Work Blockchains Like Bitcoin

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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…

As Blockchains Push Toward Decentralization, These People Serve as Ultimate Guardians

The goal of these “protocol councils,” sometimes called “security councils,” is to nudge the nascent networks toward increasing decentralization, by gradually removing them from under the control of their original developers. Before cutting the cord completely, where the networks essentially run automatically, or subject to some sort of democratic process, the thinking is that a panel of well-meaning humans can serve as the ultimate guardians – able to step in quickly when emergencies arise, or providing the final sign-off on major protocol changes. Source

Shimmer Adds Cross-Chain Messaging Through LayerZero to Enable Transactions on Different Blockchains

Initial connection to other blockchains through the Shimmer bridge, a tool that transfers value between different blockchains including Ethereum, Binance Smart Chain, Polygon, Avalanche, Fantom, Base, Arbitrum and Optimism, takes place today. This connectivity broadens the horizon for ShimmerEVM, enabling an exchange of assets and information across any application built on blockchains supported by LayerZero, an interoperability protocol. Source