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“# Nervos Network (CKB) gains 341% as DeFi and layer-2 development progress ” The crypto market continues to search for scaling solutions as decentralized finance (DeFi) applications struggle with surging fees, but some alternative solutions are piquing investors’ interest. For example, Nervos Network has enticed investors’ appetites with a 341% rally in a month. The…
“# DeFi platforms Zapper and Aave announce Polygon sidechain integrations ” As cripplingly high gas fees put scalability in the spotlight and multiple platforms rush to become the preferred home of Ethereum’s decentralized finance (DeFi) ecosystem, layer-two sidechain Polygon may be emerging as a frontrunner after scoring two big wins today. Both lending protocol Aave…
“# Moonbeam’s PureStake raises $6M ahead of parachain launch on Polkadot ” PureStake, the company behind the Moonbeam and Moonriver networks, two parachain candidates for Polkadot and Kusama, respectively, announced a successful $6 million raise. The funding round was led by CoinFund and included participants such as Binance Labs, ParaFi, Coinbase Ventures, Fenbushi Capital, IOSG…
“# Hermez Network launches zk-rollups on Ethereum mainnet to process cheap payments ” Hermez Network has announced on Wednesday the launch of its zk-rollup mainnet release. This means that the network is now open for users, who can benefit from the rollup’s much lower transaction costs than Ethereum. Zk-rollups use zero knowledge proofs to verify…
“# Gas tokens gain 300% as the quest for Ethereum network alternatives expands ” Network congestion and high transaction costs on the Ethereum (ETH) network have been a persistent issue for investors and developers for the past year and this has shone a spotlight on blockchain projects that offer a solution to these issues. One…
“# Coinbase effect and strong fundamentals send Polygon (MATIC) and Skale higher ” In previous bull markets, one of the most consistent price movers for cryptocurrency projects was being listed on Coinbase, a phenomenon that became known as the ‘Coinbase effect’. The recent announcement that Polygon (MATIC), SKALE (SKL) and SushiSwap (SUSHI) would be added…
“# Solution to scale Ethereum ‘100X’ is imminent and will get us through until Eth2: Vitalik ” Ethereum co-founder, Vitalik Buterin, believes the network is on the verge of scaling by a factor of 100, predicting the Optimism will release its layer-two solution in the coming weeks. Speaking on the Tim Ferriss podcast, Buterin noted…
“# Searching deep: The quest for Bitcoin scalability through layer two protocols ” As the largest cryptocurrency by market capitalization, Bitcoin’s (BTC) effectiveness as a medium of exchange is still a matter for debate. Unlike fiat money that is inherently infinite in supply and must be managed by a central bank, Bitcoin is akin to…
“# Golem (GLM) price rallies 230% to hit a 3-year high after protocol upgrade ” Over the past few weeks Golem (GLM) price saw a strong rally which pushed the token to a 3-year high at $0.65. The altcoin also underwent a strong pump on Feb. 19, but most of the gains evaporated as Bitcoin…
“# Voting evolved: Blockchain tech outshines paper ballots and e-voting ” Voting is a very important part of any democracy, as it gives its citizens the chance to participate in the democratic governance process. In a democracy, the objective of voting is not just the creation of government but a collective effort that drives the…