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“# Umbrella Network launches on Ethereum with cross-chain bridge to BSC ” Decentralized oracle service Umbrella Network officially launched on Ethereum Friday, setting the stage for cross-chain transactions between the dominant smart contract platform and Binance Smart Chain, or BSC. The cross-chain bridge connecting Ethereum and BSC was developed in-house at Umbrella Network, underscoring the…
“# Celer (CELR) gains 400% after traders embrace its multi-chain ‘cBridge 2.0’ solution ” High transaction costs have been a thorn in the side of investors and developers for more than a decade and the issue became worse in 2021 after the emergence of decentralized finance (DeFi) and nonfungible tokens (NFT) led to record-high levels…
“# Ethereum alternatives and layer-1 solutions see steady gains in September ” The competition among layer-one (L1) smart contract platforms has been on the rise in the past couple of months as traders and developers continue to embrace Ethereum (ETH) network alternatives that offer faster transaction times and lower fees. According to a recent report…
“# Derivatives data suggests Solana has reached a short-term top ” Solana (SOL) reached a $216 all-time high on Sept. 9 after rallying 508% since Aug. The bull run caused some analysts to project a $500 target which would translate to a $150 billion market capitalization. It is worth noting that during SOL’s rally, the…
“# Optimism announces upgrades enabling ‘one-click’ roll-up deployment ” According to a blog post published by Optimism on Sept. 18, the team anticipates Ethereum-native protocols will be able to launch on its network in a single click by the end of October. “Any tooling that can run on Ethereum will run identically on Optimistic Ethereum,”…
“# EY selects Polygon to scale its enterprise blockchain products on Ethereum ” Announced on Monday, EY’s flagship blockchain services including EY OpsChain and EY Blockchain Analyzer will be integrated with Polygon, allowing transactions to be committed to Ethereum via the sidechain. EY emphasized that its enterprise clients will have access to increased transaction throughput…
“# Offchain Labs launches Arbitrum One mainnet, secures $120M in funding ” Offchain Labs, the team behind the highly anticipated Ethereum layer two platform, Arbitrum One, has completed the public mainnet launch of its optimistic rollups solution. Announced on Aug. 31, Offchain Labs also revealed that it has secured $120 million in a Series B…
“# Will Polkadot save decentralized finance from Ethereum’s scaling problem? ” Web3, interoperability, and layer 0 are all terms tossed around when describing Polkadot. But what do they mean, and how will they impact the Internet and cryptocurrency market? Cointelegraph Research’s new report explores how Polkadot is tackling distributed ledger scalability and centralization of the…
“# Teller Finance deploys mainnet on Polygon, migrates 2,200 NFTs ” Teller Finance, a non-collateral lending protocol for the DeFi market, has officially deployed its mainnet on Polygon, marking a significant milestone in its quest to offer scalable, user-friendly solutions. With the launch of Teller’s Polygon mainnet, users can begin making deposits and funding liquidity…
“# MyEtherWallet founder notes two key aspects of Ethereum London hard fork ” Ethereum underwent an upgrade on Thursday, bringing with it a number of alterations to the network’s blockchain. CEO and founder of MyEtherWallet, Kosala Hemchandra, pointed toward two changes of particular importance. “The London upgrade adds around 5 changes to the current Ethereum network; however,…