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“# Reddit partners with Ethereum Foundation to boost scaling and resources ” Popular social media network Reddit, which counts over 1.7 billion monthly visits, is deepening its ties with the Ethereum Foundation in what it has formalized as its first-ever blockchain partnership. According to an announcement from Reddit admin u/jarins, the aim of the partnership…
“# Genesis Mining head forecasts importance of layer-two Bitcoin solutions ” Would Bitcoin and its blockchain be able to handle mainstream adoption as a store of value without requiring second-layer solutions? Genesis Mining’s head of mining operations, Philip Salter, holds a mixed view. “I think Bitcoin is a good store of value regardless of transaction…
“# Perpetual Protocol emerges as sixth-largest DEX after just one month ” Perpetual Protocol, a DeFi project offering decentralized perpetual contracts using the layer-two Ethereum scaling solution xDai, has emerged as the sixth-largest DEX by weekly trade volume after operating for only one month. Based on data from Dune Analytics shared by Perpetual Protocol, the…
“# Bitcoin can scale on chain just fine as a store of value, Blockdaemon CEO suggests ” Can Bitcoin’s (BTC) blockchain handle full mainstream adoption as a store of value, without needing layer-two scaling solutions? Konstantin Richter, founder and CEO of blockchain infrastructure company Blockdaemon, seems to think so. “Bitcoin is the best cryptocurrency suited for…
“# Ethereum competitor Near Protocol (NEAR) gains 106% as DeFi heats up ” Near Protocol (NEAR) is a smart contract platform that uses parallel processing to scale the network. This technique, known as sharding, resembles what Eth2 is aiming to achieve and Near’s proof-of-stake consensus mechanism also allows token holders to stake their coins. In…
“# Ethereum layer-two network to offer batched Tether payments ” Popular stablecoin Tether (USDT) is the first token to go live on the Hermez layer-two network, the company announced on Monday. As part of the collaboration, batched USDT transactions will be possible once the Hermez network officially launches in early 2021. David Schwartz, project lead at…
“# These 2020 blockchain tech developments have set the stage for 2021 ” January will mark 12 years since the Bitcoin genesis block. In that time, blockchain technology has made many significant strides forward. The launch of Ethereum in 2015 introduced smart contracts and token minting. Subsequent years saw developments in areas, such as transaction…
“#Tipping point? Humanity’s stuff now weighs more than all living things” Our deficiencies have always driven us, even among our distant ancestors, back in the last Ice Age. Having neither the speed and strength to hunt large prey, nor sharp teeth and claws to tear flesh, we improvised spears, flint knives, scrapers. Lacking a thick…
“# DEXs launch ‘L2 Squared’ alliance to promote Ethereum scalability ” Layer two decentralized exchanges Loopring and DeversiFi are joining forces by forming a committee dedicated to promoting usage of layer two solutions, named “L2 Squared” or just L². Announced on Monday, the alliance wants to ease the transition for users into these higher performance…
“# DeFi boom drives 1200% increase in DApp volume in 2020: Report ” DApp transaction volume has topped $270 billion so far in 2020, with 95% of this figure belonging to Ethereum’s DeFi ecosystem, according to DappRadar. That’s an astonishing 1178% increase from last year’s total of $21 billion. The blockchain data provider revealed the…