Gomining Launches Foundation to Drive Innovation in Bitcoin L1 and L2 Projects

October 1, 2024 Bitcoin.com

Bitcoin

The GoBTC Foundation, established by Gomining, has been officially launched to strengthen Bitcoin’s onchain ecosystem. The foundation’s creation aims to support initiatives that foster greater transaction activity and ecosystem growth. Foundation Established to Foster Bitcoin’s Infrastructure Growth Gomining states that the GoBTC Foundation operates as a vertically integrated entity, focusing on Bitcoin’s layer one (L1) […]

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Citrea Launches Testnet to Enable Bitcoin-Based Decentralized Applications

September 25, 2024 Bitcoin.com

Bitcoin

Citrea has launched its public testnet, creating a solution to allow Ethereum Virtual Machine (EVM) developers to access Bitcoin’s blockspace. The team believes this is testnet marks a significant step toward using Bitcoin as a settlement layer for decentralized applications (apps). Citrea Launches Testnet to Bring Decentralized Finance to Bitcoin Citrea‘s testnet is live on […]

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Payment Processors Paypal and Venmo Now Support ENS Domains

September 12, 2024 Bitcoin.com

bitcoin.com

Ethereum Name Service (ENS) has announced that the payment giants Paypal and Venmo have integrated support for ENS domain names. This integration enables users to employ Paypal and Venmo to transmit crypto assets to an ENS address. Paypal and Venmo Roll out ENS Support On Tuesday, ENS shared on the social media platform X that […]

SEC Chair Gary Gensler Ends Tenure a Year Early to Avoid Trump’s Axe

Sony Block Solutions Labs Introduces Soneium, an Ethereum L2 Project

August 26, 2024 Bitcoin.com

bitcoin.com

Sony Block Solutions Labs, an initiative by Sony Group, recently introduced Soneium, an Ethereum layer two (L2) blockchain. Designed to seamlessly connect Web3 and Web2, Soneium promises enhanced scalability, efficiency, and a developer-friendly environment. The project’s goal is to make blockchain technology more accessible by integrating it into mainstream applications. Soneium: Sony’s Bold Step Into […]

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TON, Pyth team up for real-time DeFi data

August 14, 2024 Coin Telegraph

Blockchain

TON and Pyth’s collaboration brings institutional-grade real-time price feeds to TON developers, enhancing DeFi innovation.

The Open Network (TON), a decentralized blockchain platform, and Pyth Network, a decentralized data oracle, have partnered to deliver high-fidelity data to builders on TON.

According to information shared with Cointelegraph, the collaboration focuses on integrating Pyth’s pull oracle data feeds to enable TON developers to “make their apps truly stand out.”

Pyth’s pull Oracle technology is designed to offer real-time “institutional-quality price data” required to help build decentralized applications (DApps) on TON.

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Casper Network halts operations following security breach

July 28, 2024 Coin Telegraph

blockchain platform

This incident serves as a reminder of the ever-present need for vigilance and proactive measures in the rapidly evolving world of blockchain technology.

Casper Network, a blockchain platform recognized for its approach to decentralized applications, experienced a security breach, resulting in a temporary halt of all operations to address and contain the issue.

The Casper Network team discovered the breach and promptly collaborated with validators to suspend the network. This measure was implemented to reduce the impact of the security breach and prevent potential exploitation. The network halt ensures that transactions cannot be processed until the vulnerability is addressed.

The Casper Association, Casper Labs, and the community of validators are working together to address the issue. This joint effort involves pooling resources and expertise to find a solution efficiently.

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Internet Computer Protocol promotes blockchain engagement in Africa

July 14, 2024 Coin Telegraph

blockchain technology

ICP’s DecaHack event highlighted the transformative potential of blockchain and the importance of nurturing talent in the sector.

Nigerian youths have been urged to actively engage with blockchain technology to enhance their global competitiveness.

Adedayo Adebajo, co-founder of ICP Hub Sahara — an official branch of the Internet Computer Protocol ecosystem — highlighted the importance of engaging with blockchain technology during the second DecaHack cohort held at the University of Ibadan (UI) in Oyo State. DecaHack is an ICP-run initiative that offers online blockchain boot camps, a hackathon and a stage pitch competition for prizes.

Adebajo highlighted that failing to embrace blockchain could have severe implications for the country’s future.

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Composable Data Assists Dapp Developers in Unlocking Rich Data Applications – Swaroop Hegde

April 1, 2024 Bitcoin.com

Apps

Composable data, a flexible and modular approach in the field of data analytics, benefits decentralized application (dapp) developers constrained by the limitations of current data protocols. Swaroop Hegde, co-founder of Powerloom, explains that composable data maintains a decentralized database of data points verified through a consensus mechanism. Clean Insights Versus Actionable Intelligence Hegde, a thought […]

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Japanese Crypto Influencer Calls Ethereum Improvement Proposal 4844 a ‘Layer 1 Middle Ground’

March 24, 2024 Bitcoin.com

bitcoin.com

According to Mai Fujimoto, a Japanese crypto influencer and co-founder of Intmax, the Ethereum Improvement Proposal (EIP) 4844 – also known as proto-danksharding – have emerged as a solid solution for addressing the Ethereum network’s scalability challenges. The EIP 4844 is also significant for scaling solutions such as zero-knowledge rollups (zkrollups) and Layer 2 chains […]

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Centralization Aids Web3 When Leveraged to Hasten Development of Dapps, Says James Bayly

March 21, 2024 Bitcoin.com

bitcoin.com

Contrary to the perception that decentralized applications (dapps) are unstoppable, many are “reliant on centralized middleware components in the extreme.” James Bayly, COO at Subquery, argues that such an overreliance on centralized middleware components or their providers “completely undermines [the] supposedly decentralized applications and networks.” The Value of Centralization in Web3 However, in his written […]

decentralized applications

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